Irs
or
Ire
Charity No: 900560
Company No: 02461552

Legal and Administrative Details
Directors and Trustees
The directors of the charitable company (the charity) are its truslees for the purposes of charity law and
throughout this report are collectively referred to as trustees. The trustees serving during the year and
since the year end are listed below. None of the company directors has a service contract with the
company.
Board Membership
One third lor the number nearest to one third} of the Irustees must retire at each Annual General
Meeting (AGM}, those longest seNing retiring first and the choice be￿een any of equal service being
made by drawing lots. A retiring trustee who remains qualified may be reappointed.
Name
Date joined
Board
October 2007
June 2016
December 2016
Jul 2019
November 2021
Se
lember 2020
October 2022
ri12024
April 2024
Date re-elected
Date
resi
nedlretlred
November 2024
Gill Bindoff
Jon Bri
ht
Malcolm Ta
lor
Andrew MCHU
Bev Hindle
Jackie Wilders
in
Christo
her Kenneford
Linda Ho
an
Emil Ur
uhart
November 2024
October 2023
October 2022
Janua
2024
November 2024
October 2023
Joint.CEO
Joint-CEO
Company Secretary
Emily Lewis-Edwards
Tom Mcculloch
Shahdia Bibi
Members
296 paid up members as at 31 March 2025
Parish and Town Councils
94
Individual members
20
Community and Village Halls 182
Registered and Principle Office
South Stables, Worton Park,
Worton, Witney,
OX29 4SU
Banker
Unity Trust Bank.
Nine Brindley place, Bimingham,
B12HB
Page 2 of 26

. otfffftlin1tyFTrgvoxro
Legal and Administrative Details (continued)
Independent Examiners
Wenn Townsend
30 St Giles, Oxford,
OX13LE.
Registered Charlty Number
900560
Registered Company Number
02461522
President
Jonathan Reuvid
Honorary Patrons
Mrs Catherine Bearder MEP
Mrs Celia Collett MBE
Dr John Sharp
Page 3 of 26

Contents
Chair of Trustees Report
Trustees, Annual Report
Report of the Independent Examiners
12
Principal Accounting Policies
13
Statement of Flnancial Activities
16
Balance Sheet
17
Statement of Cash Flows
18
Notes to the Financial Accounts
19
Page 4 of 26

Chair of Trustees Report
l am delighted to be writing my first report as Chair of Trustees and my first task is to pay tribute to my
predecessor, Gill Bindoff. Gill was a Trustee from October 2007 and had been associated with
Community First Oxfordshire for many years before that. Gill was a superb chair and her experience,
her wide range of interests and her attention to detsil were great assets for the Board. We miss her and
wish her well in her retirement from the Board.
Community First Oxfordshire continues to support Oxfordshire's people and places to work together and
thrive. 2024-25 was a year of growth, both in the range of work and the number of stsff. New work to
address health inequalities in partnership with local community groups saw numerous successful
outcomes. Pioneering work in selling up structures for stewardship of local resources has attracted wide
interest and potential further commissions. Communty Led Housing initiatives were supported by funding
to appoint a Local Housing Enabler and this bolstered Community First Oxfordshire's influenb-al work in
this area. The core work also continued, induding community development, regular commissions for
Neighbourhood Plans, Housing Needs Assessments and other planning related work and support for
village halls and shops. Our joint Chief Executives continue to show their flexibilty, deep commitment
and considerable skills in managing ongoing change and ensuring the expanding workforce is well
supported.
The last financial year ended with a small surplus which indicates how well managed the budget was.
The size of the budget has been increased by the fvjnding for the Well Together programme and other
projects. New members of staff have joined the organisation to develop these areas of work. CFO has
very effective financial controls in place and has been Suc￿sSful in managing these new programmes
as well as sustaining other work. Horizon scanning to ensure sustainability of the work is essential and
this year a su￿Ssful grant application has funded important research on the needs of the voluntary
sector in the face of a changing world.
The Board agreed to invest money into a review of branding and communication and this work was
carried out in 2024-25. Stsff and Trustees were all involved in the review and in shaping the proposed
new website. The results are impressive and will lead us into a strategic review in 2025-26.
We have a strong Board of Trustees and we continue to actively seek new members who will add to our
range of skills and experience. We were sory to see Bev Hindle leave the Board as his contributions
and his great expertise in strategic planning were invaluable. We wish him well as he builds his new
home away from Oxfordshire. l am gratefvl for the commitment of everyone on the Board and look
forward to our continued role in supporting Tom and Emily and providing supportive scrutiny to the work
of the organisation.
Jackie Wilderspin
Chair of Trustees
Page 5 of 26

Ir
Trustees, Annual Report
The trustees presenttheir report and the financial statements of the charity for the year ended 31st March
2025. In preparing the annual report and financial statement the trustees have adopted the provisions of
the Statem8nt of Recommended Practice (SORP) °Accounting and Reporting by Chanties. IFRS 102)
and adhered to current statutory requirements and the goveming documents of the charity.
Objective and actlvitias
The objects of Community First Oxfordshire {CFO) are:
"to promote any charitable purposes for the benefit of the commLJnity in the administrative
county of Oxfordshire,. and to promote and organise co-operation and to carry out any activity
within or outside the county that assists in the achievement of the said purposes."
{Memorandum of Association)
CFO was formerly known as the Oxfordshire Rural Community Council, which was founded in 1920-the
first rural community council in England.
Within this legal framework. CFO'S work is driven by our vision and mission:
Vision
Strong, diverse, inclusive, and thriving communities
Mission
SupF()rting communities to find solutions to their planning, housing, social action, and service needs.
Promoting positive change for all.
We regulady consider how effectively the aims of the charity are being carried out, through the activities
undertaken for the public benefit. The organisational aims are reviewed and, if appropriate, refined or
amended. outcornes are considered afresh, and work programmes are derived from the agreed aims and
outcomes.
Public benefit
The trustees have complied with the duty in sedion 17 of the Charities Act 2011 to have due regard to
the public benefit guidance published by the Charity Commission.
The primary focus of the objectives and activities of CFO is to support communities in Oxfordshire in their
planning, housing, social action, and Servi￿ needs.
Page 6 of 26

Achievemenls and perfomiance
2024-25 was another exceptionally busy year for CFO as we launched new partner programmes, such
as the major health inequalities funding programmes. Stop Smoking Outreach Work and carrying out
community research in Witn8y and Bicester. We also continued focusing on improving aC￿sS to
affordable housing pathways via the Rural Housing Enabler service, thanks to funding from Defra and
working on comrnunity led housing. CFO has continued to support volunteers and local groups in
Oxfordshire's communities via our community engagement and planning services and our advice
services. We have performed well on our core services funded by Defra and local authorities and at the
same lime delivered well on project specific work funded via the County Council's Adult Social Services
and the Integrated Care Board.
We have a new logo and website: www.communi
refreshed organisation strategy in 2025.
lrstoxon.or
and will be moving onto a new and
Please see our annual review for 2024-25 for more infomation.
Page 7 of 26

Financial review
General overview
Overall the financial ststements show a small surplus of £8,663 before gainsllosses on investments
(2024: surplus of £42,648).
Classification of funds and reseNes policy
CFO'S income and reserves are of two types - restricted and unrestricted.
Restricted funds are funds, and any reserves arising from them, that a donor gives for a closely defined
purpose or that, exceptionally, arise from a contract whose tenns cause it to be deemed a restricted fvnd.
Each such fvnd must be accounted for separately and must only be spent for the specified purpose.
Unrestricted fvnds are not subject to such restrictions. Grants given with a general statement of their
purpose andlor the donor's wishes are unrestricted, as is income from most contracts. Unrestricted funds
are divided into bNO'.
General fvnds..
These comprise the day-to4ay operating funds of CFO and may be
spent on any purpose that furthers the objects of the tharity.,
Designated funds:
These are sums voluntarily set aside by the trustees for particular
uses.
CFO maintains separate accounts within general funds of income and expenditure in each project area
(community development, community halls, transp)rt, etc} and for designated funds.
CFO aims to maintain a general reseNe equivalent to at least six months, expenditure to ensure that the
charity is able to meet its regular commitments, including salaries and rent, rates and utilities. A general
reserve is also ne￿SSary because of the uncertainly of income from year to year and the uneven
occurrence of its receipt during the year, as well as to provide cover against the risk of unforeseen
commitments and liabilitles arising. At the end of 2024-25 the general reserve, exduding designated
funds, represented just over12 months, expenditure.
Designated reserves are reviewed annually and currently consist of:
A designated fund specific to supporting initiatives such as Community Development projects
and specific grant focused work. The totsl designated funds at1 April 2025 was £19,850 (1 April
2024 was £19,850).
a Business Development fund which is used to promote the charity and to fund the investigation
of new income streams for th8 benefit of the charity and beneficiaries. The total fund at 1 April
2025 was £7,000 (1 April 2024 was £7,000).
a Contingency fund, which was established to ensure that there were sufficient funds to meet
any unexpected occurrence. The trustees determined that fund should continue to be £45,000
at1 April 2025 (2024.. £45,000).
Movernent in the designated funds in 2024-25 are shown in Note 16 to the financial statements.
Total r8Stricted funds at 1 April 2024 were £0 {2023: £0>. Details of restricted ftjnds can be found in Note
17.
Page 8 of 26

Investment policy
The charity investment policy was reviewed in 2020 after several years of a conseNative approach with
our reserves that were more than the amount necessary to cover any contractual obligations plus 6
months expenses. The trustees surmised that there would not be a significant call on our excess resetves
and a decision was reached that a portion of the ex￿$$ reserves be invested (Note 10), All other funds
remain as cash in interest-bearing deposit accounts. Cashflow is monitored to ensure that as high a
proportion of reserves as possible is kept in interest bearing accounts.
Grant making policy
Grant schemes are administered according to established criteria and terms and conditions agreed with
fvnders. Applications must be made in writing in accordance with specified prO￿dureS and accompanied
by project details, cost estimates and evidence of financial need. The applications are assessed
according to the criteria in consultstion with relevant funders andlor an independent grants panel.
Grant offers are made conditional on the project being completed according to the applicant's proposal
and on actual costs reaching at least the agreed level, otherwise the grant can be reduced. Applicants
are required to confirm in writing their acceptance of the offer on the stated temis and conditions.
Annual reports on the use of grant funds are provided to relevant fvnders in line with the agreements with
them.
Structure, governance and management of the charity
Community First Oxfordshire is incorporated as a company limited by guarantee under the Companies
Act 1985 (as updated by the Companies Act 2006) and is also registered as a charity. Its goveming
document is the Memorandum and Articles of Association of the company dated 28 June 2018.
The members of CFO'S Executive Committee (the Board) are both company directors and the charity
trustees.
Method of appointment of trustees
As set out in the Memorandum and Artides ofAssociation, the trustees are elected at the Annual General
Meeting. The number of trustees is determined by the board, with the current maximum being fifteen.
The Chair and VI￿ Chair are elected at the first meeting of the board following the AGM.
The trustees have the power to co-opt individuals to provide a greater breadth of experience and skills to
the board, provided that the number of c0￿pteeS does not exceed three, or one third of the number of
elected members (whichever is the greater}.
At each Annual General Meeting, one third of the trustees must retire. those longest in Offi￿ retiring first
and the choice between any of equal s8rvice being made by drawing lots. A retiring trustee who remains
qualified may be reappointed. Any member of CFO can stand for election as a trustee provided helshe
is properly nominated and seconded by other members. The trustees who served during the year,
appointments and resignations, are set out within the legal and administrative details on page 2.
Trustee induction and training
All trustees are issued with a copy of the Board Members, Handbook which sets out their obligations
under charity and company law, the content of the Memorandum and Articles of Association, the
committee and decision-making processes, a résumé of the strategic plan and recent financial
perfonnance of the charity. They are actively encourag8d to meet staff and leam about their roles and
Page 9 of 26

responsibilities. Trustees are given the opportunity to attend appropriate extemal events that wll help
facilitate the effective undertaking of their role.
Organisation
The board of trustees administers the charity. The board meets bi-monthly and there is a bi-monthly
Finance Sub-committee which are held a week before board meetings. The day-to-day management of
CFO is entrusted to the Iwo senior members of staff, who are designated Joint CEOS, reporting to the
Chair. To facilitate effects've operations, the CEOS, have delegated authority, within temis of delegation
approved by the trustees, for operational matters including finance and human resources.
Subsidlary company
To generate trading income from SoUr￿S other than statutory organisations, CFO set up a trading am,
ORCC Trading Limited, in September 2010. The trading company's object is to support the charity in
ways that are consistent with the charity's values and principles. The first enterprise of the trading ami
was to develop a county-wide, community-based bulk-buying scheme for central heating oil, which was
subsequently franchised to other rural community councils. From 1 April 2014 the ongoing activities of
ORCC Trading Limited, induding the oil buying scheme, were transferred into Community First
Oxfordshire. ORCC Trading Limited continues as a dormant company until new trading opportunities are
identified.
Partner organisations
CFO works closely with Oxfordshire Community and Voluntary Action (OCVA), from whom it is
subcontracted part of Oxfordshire County Council's Voluntary Sector Infrastructure Support contract.
Risk assessment
The trustees assess and manage risks as part of the annual strategic planning prO￿sS using the
approach recommended by the Charity Commission, and measures to mitigate such risks are kept under
review on a regular basis, Financial risks are monitored by the Finan￿ SulFCommittee.
The major risks comprise..
an eX￿sSive dependen￿ upon statutory sources of income in circumstsnces where these are
under continuing pressure at every level of govemment. this may lead to both political and
economic pressure on the organisation. This is being addressed by careful liaison with traditional
funding bodies and potential delivery partners and through an active search for sources of non-
public sector funding and paid-for work, such as Town Planning and Stewardship ￿MmIssIOns.
inappropriate projects andlor partnerships with organisations that may not be consistent with
CFO'S values, aims and mission. This is being addressed by the application of the charity's
strategic objectives and income generation principles.
The trustees also recognise that there are potential risks associated with the level of its reserves, and its
investments. both of which are carefvlly monitored and managed.
Future outlook
CFO, much like all charities, continues to face pressure on its traditional routes of finances as the
Government pursues its deficit reduction programme, which has a significant impact on govemment
departments and local authorities from where much of the chartty's funding has come. We have
addressed this by both reducing our costs (where possible) and seeking other sources of grant frjnding
and commissions i.e. taking up projects that align with the charity's objectives but have non-traditional
Page 10 of26

fvnding, such as our new Town Planning seNices including neighbourhood planning and placemaking
and stewardship projects along with community-led housing.
The trustees consider that the charity now has experienced and well-motivated staff and a structure and
cost bas8 that is appropriate to the current ft)cus and size of the oiganisation. Th8 Staff can be assisted
as required by our small panel of associates and by working closely with our partner organisations.
Taking into account the confirmed level of grant funding and expecled commissioned work, the trustees
expect the charity to see another balanced budget in 2025126. CFO'S 5-year Strategic Plan will be
reviewed in 2025 following on from the 2024 branding and communications work.
This report has been prepared having taken advantage of the small companies, exempb'on in the
Companies Act 2006.
This report was approved by the board oftrustees on 31 July 2025 and signed on its behalf by-.
Jackie Wilderspin
Chair of Trustees
Page11 of26

Independent Examiner's Report to the Trustees of Community First Oxfordshire.
I report to the charity trustees on my examination of the accounts of the company for the year ended 31
March 2025 which are set out on pages 17 to 27.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law} you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 2006 (Yhe 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
company's accounts as carried out under section 145 of the Charities Act 2011 (Ihe 2011 Acf). In
carying out my examination I have followed the Directions given by the Charity Commission under
section 145(5){b) of the 2011 Act.
Independent examiner's ststement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examinakn.on because
l am member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the
2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view. which is not a matter
considered as part of an independent examination; or
the accounts have not been prepared in accordan￿ with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Signed..
Benjamin Hayes Bsc FCA
Wenn Townsend Chartered Accountsnts
30 St Giles,
Oxford, OX13LE
31 July 2025
Page 12of 26

Principal Accounting Policies
General Inforniation and basis of preparation.
Community First Oxfordshire is a charitable company limit8d by guarantee in the United Kingdom. In th8
event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member
of the charity. The address of the registered office is given in the charity infomation on page 2 of these
financial statements. The nature of the charity's operations and piincipal activities are delailed in the
Trustees, Report.
The charity constibjtes a public benefit entity as defined by FRS 102. The financial ststements have
been prepared in accordan￿ with Accounting and Reporting by Charities.. Statement of Recommended
Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting
standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011,
the Companies Act 2006 and UK Generally Accepted Accounting Practice
The financial statements are prepared on a going concern basis under the historical cost convention
modified to include certain items at fair value. The financial statements are prepared in sterling which is
the fvnctional currency of Ihe charity.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise ststed.
Funds and reserves
Unrestricted funds are available to spend on activities that further any of the purpos8s of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion
to set aside to use for specific purposes. Restricted funds are funds, and any reserves arising from them,
that a donor gives for a closely defined purpose or that, exceptionally, arise from a contract whose terms
cause it to be deemed a restricted fund.
Investments
As part of a review of our conservative approach to reseNes, the trustees surmised to invest a portion of
the funds into COIF Charitable Ethical Investrnent Fund. This invesknent will be kept under review under
the charity's investment policy.
Income recognition
All incoming resources are induded in the statement of financial activities (SOFA) when the charity is
legally entitled to the income and the amount can be quanttfied wrth reasonable accuracy. For legacies,
entillement is the earlier of the charity being notified of an impending distribution or the legacy being
received.
Page 13of 26

Principal accounting policies (continued)
Pro
ect
rants
Income from donations and grants, including capital grants, is included in incoming resources when these
are receivable, except as follows:
when donors specify that donations and grants given to the charity must be used in future
accounting periods the income is deferred until those periods;
when donors impose conditions, which have to be fuFfilled before the charity becomes entitled to
use such income the income is deferred and not included in incoming resources until the
preconditions have been met.
when donors specify that donations and grants, including capital grants. are for particular
purposes which do notamount to preconditions regarding the entillemenl, this income is included
in incoming resources when receivable.
Interest receivable
Interest is induded on a re￿1vable basis by the charity.
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will be required
and the amount of the obligation can be measured reliably.
Expenditure is charged on an accruals basis and allocated between:
costs in furtherance of charitable objects
expenditure incurred in the governance of the charity (governance costs).
All expenditure included in the Stalernent of Financial Activities (SOFA) has been classified under
headings that aggregate all costs related to the category.
Governance costs are the costs associated with the governance arrangements of the charity and include
external examination, legal advice for trustees and costs associated with constitutional and statutory
requirements, e.g. the cost of trustee meetings and preparing statutory financial statemenls.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are
offered, the cost is accrued as soon as the recipient is nots'fied of the grant, as this gives rise to a
reasonable expectation that the recipient will re￿1ve the grant. Where grants are conditional on
performan￿ the grant is only accrued when the conditions set by the CFO grant offer are met.
Page 14 of 26

Principal accounting policies (Continued)
Tangible fixed assets and depreciation
Tangible fixed assets are capitalised at cost where the acquisition value is greater than £250 and are
stated at cost, net of depreciation.
Depreciation on fixed assets is provided at rates calculaled to write down the cost less estimated
residual value by equal annual instalments over their expected useful lives.
The rates applicable are:
Furniture, fi'xtures and fitting
Computer equipment
3 years (straight line)
3 years (straight line)
Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded
at transaction price. Any lo&ses arising from impairment are recognised in expendibjre.
Impaimient
Assets not measured at fair value are reviewed at each balance sh￿t date for any indication that the
asset may be impaired. If such indication exists, the recoverable amount of the asset, or the asset's cash
generating unit, is estimated and compared to the carying amount. Where the carrying amount exceeds
its recoverable amoun( an impairment loss is reccwjnised in profit or loss unless the asset is carried at a
revalued amount where the impainnent loss is a revaluation decrease.
Tax
CFO is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered
to pass the tests set out in Paragraph 1 of Schedule 6 of the Finan￿ Act 2010 and therefore it meets the
definition of a charitable company for UK corporation tax purposes.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged in the SOFA on a straight-line basis over the period of the lease.
Employee benefits
When employees have rendered service to the charity, short-temi employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for
that service. The charity operates a defined contribution pension plan for its employees. Contributions
are therefore expensed as they become payable. Further details are shown in Note 19.
Going concern
The financial statements have been prepared on a going concem basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level
of income and expenditure for the next 12 months. The trustees have considered the potential impacts
of the cost of living increases and dimate change on the organisation and the beneficiaries. We have
predicted an increase in project specific fvjnding and commissioned work but as we do not rely on
fundraising activities we are not as easily effected as other charities. The truste8s consider the budgeted
income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a
going Con￿rn.
Page 15of 26

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
Unrestricted
funds 2025
Restricted
Funds 2025
Total Funds Total Funds
2025
2024
Nots
Income From..
Project Grants
Investment Income
Other Income
Totsl Income
265,788
21,397
33,776
320,961
209,694
475,482
21,397
33,776
530,655
415,053
12,884
33,934
461,871
209,694
Expenditure on:
Charitable Expenditure:
Costs in furtherance of
charFtable objects
Totsl expenditure
312.277
209,715
521,992
419,223
312,277
209,715
521,992
419,223
Net Incomel{expenditure) before
Gainsl(losses) on Invesknents
8,684
(21)
8,663
42,648
Net Gainsl(Losses) on
Inveslments
Net Incomel(Expenditure}
10
7,655
1,029
7,655
1,008
18,712
61,360
(21)
Transfers between funds
Net movement in funds
15
(21)
1,008
21
1,008
61,360
Balan￿S brought Forward
579.561
579,561
518.201
Balances Carried Forward
580,569
580,569
579,561
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
The accompanying accounting policies and notes form part of these financial statements
Page16of26

Balance Sheet
Notes
2025
2024
Fixed Assets
Tangible Assets
Investments
10
362,626
362,626
270,281
270,281
Current Assets
Debtors
Cash in Hand
11
18,276
369,227
387,503
(169,560)
16,438
393,241
409,679
(100.399)
309,280
Creditors: amounts falling due within one year
Net Current assets
12
217,943
Total Assets less Current Liabilities
580,569
579,561
Net Assets
580,569
579,561
Funds
Unrestricted
Designated
General
Restricted
Total Funds
16
15
17
71,850
508,719
71,850
507,711
580,569
579,561
The financial ststements are prepared in accordance with the special provisions of part 15 of the
Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exempÉion from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors responsibilities:
The members have not required the company to obtsin an audit of its accounts for the year in
question in accordance with Section 476"
The directors acknowledge their responsibilities for complying wilh the requirements of the act
with respect to accounting records and the preparation of accounts.
These financial statements were approved by the members of the board on 31 July 2025 and are signed
on their behalf by.
Jackie Wilderspin
Company registered number 2461552
Chair of Trustees
Chartty Registered Number
900560
The accompanying accounting policies and notes form part of these financial statements.
Page 17 of26

ststement of Cash Flows
2025
2024
Cash flows from operating activities
54,589 23,293
Cash flows from investing activities
Interesudividends re￿iVed
Purchase of investments
Net cash from investing activities
21,397
(100,0001
(78,6031
12,884
12,884
Change in cash and cash equivalents in the reporting period
{24,014)
36,177
Cash and cash equivalents at1 April 2024
393,241 357,064
Cash and cash equivalents at 31 March 2025
369,227 393,241
Reconciliation of net Income to net cash flow from operatlng activities
Net income for the year
1,008
61,360
Investment income
Net (gains)nosses on investments
Decreasel(increase) in debtors
(Decrease)fincrease in creditors
(21,3971 112,884)
7,655 118,712)
11 ,8381
8,674
69,161 {15,1451
Net cash flow from operating activities
54,589 23,293
Page 18 of26

Notes to the financial statements
1. Project Grants and Contracts
Unrestricted
funds 2025
Restricted
Funds 2025
Total Funds
2025
Total
Funds 2024
Planning and Stewardship
Consultancy
Voluntary Infrastructure Contract
Rural Communities Support-
Defra (Representation)
Communities Support-
Distiict Councils
Community Transport
Umbrella Insurance
Placemaking Projects
Collaborative Housing HUB
Community Development
Consultancy
Connected Communities Fund
Ukrainian Community Transport
Project
Abingdon Caldecott Community
Profile Grant
Cherwell Funding for Support of
Oil Heating Scheme
Rural Housing Enabler
Well Together Programme
Faringdon Nature Makers and
Climate Champions
Stop Smoking Outreach Project
TNLF Infrastrudure Research
35,065
Total Incoming Resources
265,788
209,694
£155,238 of the above income in 2024 was attrrbutable to restricted funds.
2. Investment Income
26,125
26,125
33,949
60,000
60,000
60,000
39,640
39,640
39,640
23,499
23,499
43.249
1,690
10,431
18,500
10,431
18,500
60,940
12,000
58,378
58,378
18,197
16,000
16,000
19,750
8,000
8,000
24,900
3,810
3,810
24,189
3,480
3,480
3,040
53,687
101,367
53,687
101,367
27,001
46,508
2,500
2,500
15,000
15,000
35,065
475,482
415,053
Unrestricted
funds 2025
Restricted
Funds
2025
Total
Funds
2025
Total
Funds 2024
Bank Interest Re￿1vable
Dividends Receivable
Totsl Investment
Income
21,397
None of the above income in 2025 attributsble to restrtcted fvnds.
8,912
12,485
8,912
12,485
5,153
7,731
21,397
12,884
Page 19 of26

Notes to the financial statements {continued)
3. Other Income
Unrestricted
funds 2025
Restricted
Funds 2025
Total Funds
2025
Total
Funds 2024
General Membership Fees
Village Hall Membership Fess
Oil scheme income
Donations
Other
Total Incoming Resources
6,835
9,100
14,141
200
3,500
33,776
6,835
9,100
14,141
200
3,500
33,776
6,485
10.570
14,445
165
2,269
33,934
None of the above income in 2025 was attributable to restricted funds.
Costs in Furtherance of Charitable Objects:
Unrestrfcted Restrictad
funds 2025 Funds 2025
Total Funds
2025
Total
Funds 2024
Salaries
Grants Paid
Travelling
Professional & consultancy fees
Affiliations & Subscriptions
Training & Conferences
Premises
Promots'onal & website costs
Print, post, telephone & IT
Depreciation
Other Costs
G0Veman￿ Costs - see note 5
Total
183,274
11,810
2,570
46,044
26,584
5,499
13,210
352
16,473
202,587
385,861
11,810
4,258
46,150
26,584
5,779
13,210
352
20,655
296,146
47,311
3,398
17,265
10,140
2,158
13,128
193
17,613
1,688
106
280
4,182
4,901
1,560
312,2
872
5,773
1,560
521,992
10,376
1,495
419,223
209,715
£155,238 of the above expenditure in 2025 was attributable to restricted funds
Page 20 of 26

5. Governance Costs
Unrestrlcted
funds 2025
Restricted
Funds 2025
Total Funds
2025
Totsl
Funds 2024
Examinerfs Remuneration
1,560
1,560
1,495
Total
1,560
1,560
1,495
None of the expenditure in 2025 was attributable to restricted expenditure.
6. Related Party Transactions
The trustees did not receive or waive any remuneration during the year (2025: nil) and there was no
reimbursement in respect of travelling expenses (2025.. nil).
7. Employees
The Aggregat8 Payroll Costs were..
2025
2024
Wages & Salaries
Social Security Costs
Pension contributions
340,161
29,588
16,112
385,861
260,122
23,053
12,971
296,146
The average number of Employees and Full Time equivalents (FTE} during the Year w8re
2025 FTE
2025 Number 2024 FTE
2024
Number
Office & management
Operational
4.0
10.0
14.0
13.0
17.0
6.2
9.0
10.8
No employee earned rnore than £60,000 in the current or prior year.
Mana
emenl Personnel
The trustees consider the board of trustees and the senior management team comprise the key
management personnel of the charity responsible for directing and controlling, running and operating
CFO on a daily basis. The trustees are listed on page bNo.
The senior management team in 2024125 and going fotward are..
Joint Chief Executive Officer
Joint Chief Executive Officer
Emily Lewis-Edwards
Tom Mcculloch
Page 21 of 26

Pay Policy for key management personnel
All trustees give of their time freely and no trustee received remuneration in 2024125. Details of
trustees, expense and related party transactions are shown in notes 6 and 7,
Because of the nature of the charity, the trustees b8nchmark salaries against pay levels in local
govemment and charities in similar fields. The pay of staff is reviewed annually based, normally on the
annual cost of living increase calculated using the average of the Consumer Price Index (CPI).
The total remuneration of the senior management team in 2024125 was £94,49012023124: £89,142).
8. Grants paid
During the year ended 31 March 2025 5 community groups were funded through the Ukrainian
Community Transport Funds. CFO also waive membership fees for 30 vulnerable people using our oil
buying scheme.
9. Tangible Fixed Assets
Furniture,
Fixtures &
Fittings
Computers
Total
Cost
As at1 April 2024
Additions
Disposals
As at 31 March 2025
12,953
11,276
24,229
12,953
11,276
24,229
Depreciation
As at 1 April 2024
Charge forthe year
Disposals
As at 31 March 2025
12,953
11,276
24,229
12,953
11,276
24,229
Page 22 of 26

muni
10. Investments
2025
2024
Fair Value at1 April
Additions
Net gainl{loss) on
change in fair value
270,281
100,000
251,569
17,6551
362,626
18,712
270,281
An investment of £1 is the £1 share capital of ORCC Trading Limited, a company registered in England
and Wales (number 07367260), a wholly owned subsidiary company. As at 31 March 2025 the
company was dormant with net assets of £1.
An investment of £150,000 was made to COIF Charities Ethical Investment Fund in 2020, a further
£1(X),000 was invested in this fund in 2023 and £100,000 was invested in this fund in 2025. This
investment will be reviewed annually under the charity's investrnent policy.
11. Debtors
2025
2024
Other Debtors
Prepayments
Accrued Income
16,796
1,059
421
18,276
13,997
2,441
16,438
12. Creditors: amounts falling due within one year
2025
2024
Taxation and social security
Income received in advan
Other Creditors
Accruals
8,935
156,021
764
3,840
169,560
12.141
80,172
4,391
3,695
100,399
13. Deferred Income
2025
2024
Balance at 1 April
Membership Income released in year
other income released in year
Membership Income deferred in year
Other income deferred in year
80,172
15,025)
(75,147}
5,495
150,526
156,021
87,053
(11.098)
(63.144)
9,102
58,259
80,172
Membership income is deferred to a future period when it is received in advan￿ of the financial year
for which the subscription is paid. Other income (for grants and contracts) is deferred when it is
received in advance of the period of activity to which it relates.
Page 23 of 26

ommun
14 Analysis of Net Assets
2024125
Unrestrided
funds 2025
Restrided
Funds 2025
Total Funds
2025
Tolal
Funds 2024
Tangible Fixed Assets
Investments
Current Assets
Current Liabilities
Total
362,626
367,503
(149,560)
580,569
362.626
387,503
(169.5601
580,569
270,281
409,679
(100,399)
579,561
20,000
(20,000)
Analysis of Net Assets
2023124
Unrestricted
funds 2024
Restricted
Funds 2024
Totsl Funds
2024
Total
Funds 2023
Tangib18 Fixed Assets
Investments
Current Assets
Current Liabilities
Total
270,281
378,763
(69,483)
579,561
270,281
409,679
(100,399)
579,561
251,569
382,176
(115,544)
518,201
30,916
(30,916)
15. Funds 2024125
General
Funds
Designated
Funds
Restricted
Funds
Total
funds
At l April 2024
Incoming Resources
ReSoUr￿S Expended
Transfers between funds
Total
507,711
320,961
{319,932)
(21)
508,719
71,850
579,561
530,655
(529,647)
209,694
(209.715)
21
71,850
580,569
Funds 2023124
At 1 April 2023
Incoming Resources
Resources Expended
Transfers bebNeen funds
Totsl
445,451
325,345
(263,985)
900
507,711
72,750
518,201
480,583
1419,223)
155,238
(155,238)
(900)
71,850
579,561
Page 24 of 26

16 Designated Funds 2024125
At 1 April Incoming
2024
Outgoing
Balance
at 31-
Mar-25
Transfers
Community Development
Fund
SCTC19 COMF Fund for
training
Business Development
Fund
Contingency Fund
16,850
16,850
3,000
3.000
7,000
7,000
45,000
71,850
45,000
71,850
Deslgnated Funds
2023124
Community Development
Fund
SCTC19 COMF Fund for
training
Business Development
Fund
Contingency Fund
17,750
(900)
16,850
3,000
3,000
7,000
7,000
45,000
72,750
45,000
71,850
{900)
Business Develo
ment Fund
This fund is used to promote the charity and to fund the investigation of new income streams for the
benefit of the charity.
Contin
enc
Fund
This fund was established to ensure that there are sufficient funds to meet CFO'S obligations should the
charity cease to operate. The balance on this fund is reviewed annually.
Pro
ect focused desi
nated fund
These ring-fenced funds were transferred from restricted funds as they were no longer deemed restricted
because of agreed changes to the fvnding priorities. The project focused designated funds will be used
to support specific initiatives such as Community Development projects and specific project focused work
in line with funding theme.
Page 25 of 26

ni
rs
re
17 Restricted Funds
2024125
Balance
blfwd
Balance
at 31-
Mar-25
Incoming
Outgoing
Transfers
DEFRAJACRE Fund
Rural Housing Enabler
Well Together Programme
Stop Smoking Outreach
Projecl
39,640
53,687
101,367
15,000
(39,640)
(53,708)
(101,367}
(15,000)
21
209,694
1209,715)
21
Restricted Funds
2023124
DEFRAIACRE Fund
Ukrainian Community
Transport Project
Abingdon Caldecott
Community Profile Grant
Rural Housing Enabler
Well Together
Programme
39,640
20,900
(39,640)
120,900)
21,189
(21,189)
27,001
46,508
(27,001)
(46,5081
155,238
(155,238)
Restricted funds include funding from Defra via our national umbrella organisation Action with Rural
Communities in England {ACRE}. This government funding must be treated as restricted funds and is for
the use of community development in Oxfordshire's rural communities and Rural Housing work. The Well
Together Programme is a 2-year programme funding grassroots groups in 10 wards in Oxfordshire to
address health inequalities via a team of Community Capacity Builders which are employed by CFO. The
Well Together Funds are treated as restricted as agreed with the funder (Integrated Care Board, NHS).
The Stop Smoking project is a 1-year outreach project funded by Oxfordshire's Public Health.
18. Operating Lease Commitments
2025
Land and
Buildings
2024
Land and
Buildings
Other
Other
Less than one year
Be￿een one and five years
Totsl
832
800
24,750
24,750
6,750
6,750
832
800
19. Pension Obligations
CFO has no pension obligations in 2024125 other than the routine payment of employer contributions to
the Growth Plan 4 pension scheme, which is a defined contribution scheme.
Page 26 of 26