or ear Charity No.. g)0560 C¢)mpany No.. 02461552
Community First Oxfordshire.. Legal and Administrative Details Directors and Trustees The directors of the Charitab company (the charity) are ils tnJst&s for the purposes of charity law and throughout this report are collectively referred to as Iruslees. The trustees serving during the year and since the year end ale listed below. None of the company directors has a Servi contract with the company. Board Membership One third (or the number nearest lo one thirdl of the trustees musl retire at each Annual General Meeting {AGMI, those longest serving retiring first and Ihe choice between any of equal service being made by drawing lots. A retiring trust who remains qualified may be reappointed. Name Datè joined Board Date re.elect•d Date resi nedlretired Jon Bri ht Malcolm Ta lor Jackie WildeTS Christo her Kenneford Linda Hor an Emi June 2016 Decemtrkr 2016 Se tember 2020 Octoter 2022 ri12024 ri12024 November2024 November 2025 October 2023 Joint.CEO Joint.CEO Emily Lewis-Edwards Tom Mcculloch Company Secretary Shahdia Bibi Members 284 paid up memters as at 31 March 2026 Parish and Town Councils Individual members Community and Village Halls 89 186 Regist•red and Principle Office South Stables, Worton Pad(, Worton, Wilney, OX29 4SU Banker Unity Trust Bank. Nine Brindley pl, Bimiingham, B12HB Page 2 of 27
"T&i.?i¥ Communlty First Oxfordshire tiAÉ Year Ended 31 March 2028 Legal and Administrative Details (continued) Independent Examiners Wenn Townsend 30 St Giles, Oxford, OX13LE Reglstered Charity Numbei 900560 Rogl$tsred Company Number 02461522 Prnsident Jonathan Reuvid Honorary Patrons Mrs Catherine Bearder MEP Mrs Celia Collett MBE Dr John Sharp Page 3 of 27
Community First Oxfordshire Year Ended 31 March 2026 Contents Chair of Trustees Report Trust•a$' Annual Report Report of the Independent Examlners 12 Principal Accounting Policies 13 Statement of Financial Acfjvlties 16 Balance Sheet 17 Statement of Cash Flows 18 Notes to the Flnancial Accounts 19 Page 4 of 27
. Community First Oxfordshire Year Ended.81 March 2026 Chair of Trustees Report l am delighted to report on considerable success, continued progress and growing Influen fcf Community First Oxford5hire ICFOI in 2025-26. In my second year as Chair of the Board of Trustees, I have been delighled lo receive reports at each meeting which illustrate many highlights, all underpinned by the dedication and hard work of the whole staff team. Staff and trustees joined together to review the CFO strategy and renew it for the next phase of our work. The new Strategic Plan was launched in late 2025 and has four themes - Community Infrastructure, Health and Wellbeing, Truly Affordable Housing and Climate and Nature. These themes give an insht into the breadth of ambition and expertise that CFO brings. Here are some examples of the breadth of current work.. One big highlight is the success of the Well Together programme, whh CFO led with our closest P8rtner, Oxfordshire Community Volunteer Action {OCVAI. There are l(KJ many details to report here, but I want lo mention the lebration event in November which broughl participants together to report on their success and learning. A more formal evaluation of the project is being carried out al Oxford University and will surely conclude that relalivety small amounts of money invested in community projects will multiply into great gains for health aTrJ wellbeing for those in need. This report may help to make the case for continuity of such prcgrammes. As Well Together drew towards ils dose this year, l am also glad that CFO has a major role in making the"Small and Mighty. prcgramme happen, not least through a su¢cessfvl application for Lottery funding. This is a partnership venture and aims to offer ajv1 and support lo those small community groups which enrich and enable so much across the county. In other areas of work the Community Led Housing hub now has a small financial contribution from all six local councils which is a welcome development. Parish Councils and others still commission CFO to Produ Neighbourhood Plans, Housing Needs Assessments and olhei planning related work. CFO support for village halls and shops is very much in demand and community development work in Heytord Park is ongoing. Support for nature projects, for example in Faringdon, and work lo gain community insights for the Mamol County initiative has also developed, Ourjoinl Chief Executives continue to show their flexibility, deep o)mmilmenl and considerable skills in managing ongoing change and ensuring the hardworking and talented workforce is well supwrted. The investment in branding and corllmunications that I reported last year has resulted in more impactful communication this year. Frequent and engaging reports across social media and an improved website have given a larger audience the Chan lo see the wide range of things that CFO offers as well as rep)rts of achievements. Financial manajemenl has been very gcxxl again, with a small surplus at the end of the year. CFO has very effective financial controls in place and has bn successbjl in managing large partnership prograrnmes as well as sustaining other work. The Board of Trustees has remained small and k)yal throughout the year wth no arrivals or departures, and l am grateful for everyone's engagemenl and CDmmilmenl. We continue to actively seek new members who will add lo our onge of skills and eXperien- and bring down our average agel It is a joy to support Tom and Emily and providing supportive sciuliny lo the work of the organisation. Jackie Wilderspin Chair of Trustees pe50f27
, Community First Oxfordshlre Year Ended 81 March,2026 ". Trustees, Annual Report The trustees present their report and the finan¢ia5 stslemenls of the charity for the year ended 31st Mard) 2026. In preparing the annual report and financial statement the Iruslees have adopted the provisions of the Statement of Recommended Practi ISORPI "Accounting and Reporting by Charities" IFRS 102} and adhered lo ujrrenl statutory requirements and the governing documents of the charity. Objective and activities The objects of Community First Oxfordshire (CFO) are.. o promote any charitable purposes for the benefit of the community in the adminislralive county of Oxfordshire,. and to promote and organise Coaoperabon and to carry out any activity thin or outside the county that assists in the xhievement of the saKI purposes.. {Memorandum of Association) CFO was fomiedy 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 wotk is driven by our North Star Statem•nt'. Supporting Oxfordshire's people and placos to work together and thrlve. We regulady consider how effectively the aims of the charity are being carried i)ul, through the activities undertaken for the publ benefit. The organisalional aims are reviewed and, if appropriate, refined or amended., outcomes are considered afresh, and work programmes are derIvj from the agreed aims and outcomes. Public benefrt The trustees have o)mplied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guklance published by Charity Commission. The primary fc$ of the obpclves and ¥tivtlies of CFO is to support communities in Oxfordshire in their planning, housing, social &lion, and service needs. Page 6 of 27
CommLtnity First Oxfordshlre Year Ended 31 March 2026 Achievements and perfomiance 2025-26 was yel another eXpIl0na1IY busy year for CFO as we moved forward with partner programmes, such as the major health inequalities funding programmes, and a securing new National Lottery funding for a infrastructure support and advi (Small and Mighty starting in May 20261 and carying out community research in rural inequalilies. We also continued focusing on improving access to affordable housing pathways via the Rural Housing Enabler service, thanks lo funding from Defra and working on community led housing. CFO has continued to support volunleefs and local groups in Oxfordshire's (Lmmunities via our community engagement and planning services and our advice servIs. 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 Inlegraled Care Board. We refreshed our bonding and we remewed and refreshed our 3-year organisatron strategy in 202&26'. hl s.'Ilcommuni 1rstoxon.or labouv Please see our annual review for 2025-26 for moff InfoallOn. Paje 7 of 27
community First Oxlordshire Year Ended 31 March 2028 .- Flnancial review General overview Overall the financial statements show a small surplus of £13,032 before gains]losses on inveslmenls 12025.. surplus of £8,663). Classification of funds and reseNes policy CFO'S income and rese¢wes are of iwo types- reslricled and unreslricled. Reslricled funds are funds, and any reserves arising from them, that a donor gives for a closely defined purp)se or that, exceptionally, arise from a conlract whose terms cause rt lo be deemed a reslricled fund. Each such fund musl be accounted lor separately and musl only be spent for the sp¥ified purpose. Unrestricted funds are not subject lo such restrictions. Grants given with a general slalement of their purpose andlor the donDrfs wishes are unrestricted. as is income from most contracts. Unrestricted funds are divided inlo two. General funds-. These comprise the day-to-day operating funds of CFO and may be spent on any purpose that furthers the objects of the chanly., 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, transpN)rt, elc) and for designated funds. CFO aims to maintain a general reserve equivalent lo at least six months, expenditure lo ensure Ihal the charity is able lo meet ils regular commitments, including salaries and rent, rates and ulilities. A general reserve is also necessary because of the uncertainly of income from year lo year and the uneven Occurren of ils receipt during the year, as well as to provide cover against the risk of unforeseen commitments and liabilities arising. At Ihe end of 202&26 the general reserve, excluding designated funds, represented just under12 months, expenditure. Designated reserves are reviewed annually and currendy consist OF. A designated fund specffic lo supporting inilialives sud) as Community Development projects and specific grant focused work. The total designated funds at 1 April 2026 was £19,85012025.. £19,850). a Business Development fund which is used lo prornote the charity and to fund the investigation of new income streams for Ihe benefit of the charity and beneficiaries. The total fund al 1 Aprtl 2026 was £7,00012025'. £7,000). a Contingency fund, which was established lo ensure that there were sufflent funds lo meet any unexpected occurren. The trustees detemiined that fund should continue to be £45,CKJO at1 April 202612025.. £45,0001- Movement in the designated funds in 2025-26 are shown in Note 16 to the financial slatemenls, Total reslricled funds al 1 April 2025 were £2,44612024'. £01. Details of reslricled funds can be found in Note 17. Page 8 of 27
. Community First Oxk)rdshire Year Ended 31 Marth 2026 S.. Inve5trnent policy The charity investment policy was reviewed in 2020 after several Yea of a conservative approach with our reserves that were more than the amount necessary lo cover any conlraclual obligations plus 6 months expEnses. The Iruslees surmised that there would not be a significant call on ourexcess reserves and a decision was reached that a portion of the ex$$ reserves be invested (Note 101 All other funds remain as cash in inleresl-bearing deposit accounts. Cashflow is monitored lo ensure that as high a proportion of reserves as possible is kept in interest bearing accounts, Grant making policy Grant schemes are administered acrdIng lo established criteria and terms and conditions agreed with funders. Applications musl be made in writing in accordance with specified procedures and accompanied by project details, cost estimates and eviden of financial need. The applications are assessed according lo the criteria in consultation wilh relevant funder5 andlor an independent grants panel. Grant offets are made conditional on the proFcl LEing completed according to the applicant's proposal and on actual costs achIng al least the agreed level, otherwise the giant can be reduced. Applicants are required lo confirm in writing their acceptance of the Dffer on the slated lemis and conditions. Annual rekX)rts on the use of grant funds are provided lo relevant funders in line with the agreements with them. Structure, governance and management of the charty Community First Oxfordshire is incorporated as a company limited by guamntee under the Companies Act1985 las updated by the Companies Act 20061 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 truStS. Method of appointment of trustees As sel out in the Memorandum and Articles ofAssocialion, Ihe twstees are elected at the Annual General Meeting. The nurnber of trustees is determined by the board, with the current maximum being fifteen. The Chair and Vice Chair are elected al the first meeting of the board following the AGM. The trustees have the p)wer to co-opt indiwduals to provide a greater breadth of experien and skills lo the board, provided that the number of o)-OPtees dcEs not exed three, or one third of the number of elected members (whichever is Ihe grealerl. At each Annual General Meeting, one third of the trustees musl retire., those longest in office rebring first and the choice between any of equal Servi being made by drawing lots. A fetiring trustee who remains qualified may be reappointed. Any member of CFO can sland for election as a Injslee provided helshe is properly nominated and seconded by other members. The Iruslees who served during the year, appointments and resignations, are sel out within the legal and adminislralive details on page 2. Page 9 of 27
Community First Oxfordshire Year Ended 31 Maffth 2026 1*J .. Trustee induction and training All trustees are issued with a copy of the Board Members. HandbcKJk which sets out their obligations under charity and company law, the content of the Memorandum and Aitcles of Association, the ommittee and decision-making preSSeS, a résumé of the strategic plan and recent financial performance of the charity. They are actively encouraged lo meet staff and learn abjul their roles and responsibilities. Trustees are given the OPPDrtunty lo attend appropriate extemal events Ihat will help facililale the effective undertaking of their role. Organisation The board of Iruslees 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-104ay management of CFO is entnjsted to the two senior members of staff, who are designated Joint CEOS, reporting to the Chair. To facilitate effective operations, the CEOS. have delegated aulhorily, within terms of delegabon approved by the Iruslees, for operational matter5 including finan and human resources. Sub$idiary company To generate trading income from sources other than slalulory organisalions, CFO set up a trading arm. ORCC Trading Limited, in September 2010. The trading company's object is to support the charity in ways that are consistent with the charity's value5 and principles. The first enterprise of the trading arm was lo develop a county-wide, community-based bulk-buying scheme for ntral healing oil, which was subsequently franchised lo other rural community councils. From 1 April 2014 tr)e ongoing activtlies of ORCC Trading Limited, including the oil buying scheme, were transferred into Cofflmunily First Oxfordshire. ORCC Trajing Limited continues as a dormant company until new trading opportunities are identified. Partner organisations CFO works closely with several organisations including Oxfordshire Community and Voluntary Action IOCVA), Wild Oxtordshire, Oxfordshire Playing Fiekls Association and Oxfordshire Community Foundation. Risk assessment The trustees assess and manage risks as part of the annual strategic planning process using the approach recommended by the Charity Commission, and measures to mitigate such risks are kept under review on a regular basis. Financial risks are monitored by the Finance sub.committ. The major risks comprise.. an ex$S1Ve dependen upon stalulory source5 of income in circumstan$ where these are under continuing pressure al every level of govemmenl-, this may lead lo both political and economic pressure on the organisaion. This is being addressed by careful liaison with traditional frJnding bodies and potential delivery pafthers and through an active search for sources of non- public sector funding and paid-for work, such as Town Planning and Stewardship commissions., inappropriate projects andlor partnerships wth organisations that may not be consistent CFO'S values, aims and mission. This is being addressed by the applralion 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, tx)th of which are carefully monitored and managed. Pe 10of27
Communty First Oxford8hlre.. . Future outlook CFO, much like all charities, continues lo face pressure on its tradtbonal routes of financ£s as the Government pursues ils deficit reduction programme and L(al Govemmenl Reorganisation, which has a significant impact on govemment departments and local authorities from where rnuch of the charity's funding has come. We have addressed this by both reducing our costs (where possible) and seeking other sources of grant funding and commissions i.e. taking up projects that align with the charity's objectives bul have non-traditional fullding, such as our new Town Planning serVIS including neighbourhood planning and plamakIng and stewardship projects along with community-led hoijsing. The tnjslees consider that the charity now has experienced and well-molivaled staff and a structure and ¢osl base that is appropriate lo the current focus and svze of the organisalion. The staff can be assisted as required by our small panel of associates and by working closely with our partner organisalions. Taking into account the confimed level of grant funding and expected Commission work, the trust expect the charity to see another balanced budget in 2026127. CFO'S Strategic Plan was reviewed last year and we have a new &year strategy in place. This report has been prepared having taken adVante of the small ¢ompanies' exemptKJn in the Companies Act 20C6. This report was approved by the board of Iwstees on 30 July 2026 and signed on its behalf by.. Jackie Wilderspin Chair of Trustees Page11 of27
Comm¥nity Fwst Oxfordshwe. YeatErthd 31, March 2026 ' Independent Examinerfs Report to the Trustees of Community First Oxfordshire l port to Ihe charity trustees on my examination of the Unts of the company for the year ended 31 March 2026 which are set out on pages1710 27. Responsibilities and ba$1$ of report As the charity trustees of the company land also ils directors for the purposes of company lawl you are responsible for Ihe preparation of the accounts in accordan with the requi ments of the Companies Act 2CQ61'the 20C6 Act'i. Having satisfied myself that the accounts of the company are not required to be audited under Part16 of the 2006 Act and are elKJible for independenl examination, I rewrt in respect of my examination of your company's aco)unts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Independent examinerfs 3tstement sin 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 confinn that l am qualifi to undertake the examination because l am member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in COnnectn with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in resFect of the company as fequired by sectM)n 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 Ihe 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 practi for accounting and reporting by charities applicable to charities preparing their accyjunts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should te drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signed.. Benjamin Hayes Bsc FCA Wenn Townsend Chartered Accountants 30 Sl Giles, Oxford, OX13LE Page12of27
Community First Oxtordshire . Year Errfled 31 Mh 2026 Principal Accounling Policies General Information and basis of preparation. Community First Oxfordshire is a charitable company limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited lo £1 per member of the charity. The address of the registered office is given in the charity information on page 2 of these fi'nancial slalements. The nature of the charity's operations and principal activities are detailed in the Trustees, Report. The charity constitutes a public benefit enlily as defined by FRS 102. The financial statements have been prepared in accordan with Accounting and Reporting by Charities.. Slalemenl of Recommended Practi applicable lo charities preparing their accounts in accordan 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 IFRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally ACpIed Accounb'ng Practice The financial slalemen15 are prepared on a going conr basi5 under the historical cost convenlron modified lo include certain items at fair value. The linancial statements are prepared in sleding which is the function81 currency of the charity. The significant accounting policies applied in the preparation of these financial slalements are sel out below. These policies have been consislenlly applied lo all years presented unless otherwise staled. Funds and reserves Uniestricled funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the chanly which the trustees have decided al their discretion lo sel aside lo 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, eXptionally, arise from a contract whose lemis Cause it to be deemed a restricted fund. Investments As part of a review of our conservabve approach lo resetves, the trustees surmised lo invest a portion of the funds into COIF Charitable Ethical Investment Fund. This investment will be kept under review under the charity's investment policy. Income recognition All incoming resour$ are included in the statement of financial activibes ISOFAI when the charity is legally enlilled lo the incoffle and the amount can be quantified with reasonable a¢curacy. For legacies, enlillement is the earlier of the charity being notified of an impending distribution or the legacy being received. Page 13of27
. Community Fit Oxfordshire Year End1 31 Marth 2026 r7 It Principal accounting policies Icontlnuod) rants Income from donations and grants, including capital grants, is included in incoming resources when these are re1Vable, except as follows.. when donot3 specify that donations and grants given lo the tharity musl te used in future accounting peris the income is defeThed until Ihose periDds,' when donors impose conditions, which have to be fulfilled before the charity becomes enlilled to use such incorne the income is deferred and nol included in incoming resources until the preconditions have been mel.. when donors specify that donations and grants, including capitsl grants, are for particular purposes which do not amount lo preconditions regarding the entitlement, this income is included in incoming resources when re1Vable. Interest receivable Interest is included on a receivable 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 lo make payments to third parties, it is probable that the settlement will be reqUId and the amount of the obligats'on can be measured reliably. Expenditure is charged on an accruals basis and allocated between.. costs in furtheran of charitable objects expenditure incurred in the governance of Ihe charity Ig0veman coslsl. All expenditure included in the Slalement of Financial Activities ISOFA} has been classified under headings that aggregate all costs related lo the category. Governance costs are the costs associaled with the govemance arrangements of the chanly and include external examinatn, legal advice for trustees and costs associated with conslrtulional and stalulory requirements, e.g. the cost of trustee meetings and preparing stalulory financial stalemenls. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Grants payable lo third parties are within the charitable objectives. Where unconditional grants are offered, the cost is alUed as soon as the recipient is notified of the grant, as this gives rise lo a reasonable expectation that the recipient will receive the grant. Where grants are conditional on perfOrrnan the grant is only acctued when Ihe conditions sel by the CFO grant offer are rnel. Page14of27
Communty Firnt Oxfordshlre yearEnd 31 March 21r26 Principal accounting policies {Gontinuedl Tanglble fixed assets and depreciatlon Tangible fixed assets are capilalised al cost where the acquisition value is greater than £250 and are slabj at cost, net of depreciation. Depreciation on fixed assets is prowded at rates calculated lo write down the cost less estimated residual value by equal annual instalments over their expected useful lives. The rates applicable are.. Furniture, fixtures and fitting Computer equipment 3 years Istraight line} 3 years Istraight line) DebtOT5 and credltors r8ceivable or payable withln one year Debtors and creditors with no slated interest rale and receivable or payable wilhin one year are recorded at transaction pri. Any bsses arising from impaimient are reccgnised in expenditure. lrnpairnient Assets not measured at fair value are reviewed al each balaft sheet dale for any indicatn that the asset may be impaired. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unil, is estimated and compared lo the carrying amount. Where the carying amount exceeds its recoverable amount, an irnpairment loss is recognised in profit or loss unless the asset is carried al a revalued amount where the impaimienl 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 lo pass the lesls set out in Paragraph 1 of sChUle 6 of the Finan Aci 2010 and therefore it meets the definition of a charitsble company for UK corporation lax purposes. Operatlng lease agreement$ Rentals applicable to operating leases Whe substantially all of the benefits and risks of ownership remain with the lessor are charged in the SOFA on a slraighl-line basis over the period of the lease, Employee beneflts When employees have rendered Servi to Ihe charity, short-term employee benefits to which the employees are enliled are Tecognised at the undiscounted amount expected to be paid in exchange for that service, The charity operates a defined contribub'on pension plan for its employees. Contribuli)ns are therefore e4Ensed as they tecome payable. Further details are shown in Note 19. Going concern The financial statements have been prepared on a going concem basis as the trustees belEve 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 poienlial impacts of the cost of living increases and climate change on the organisation and the beneficiaries. We have predicted an increase in project specific fijnding and commissioned work but as we do not rely on fundraising activities we are not as easily effected as other charities. The Irusl*s consider the budgeted income and expenditure is sufficient with the level of reserves for charity to be able lo continue as a going concem. Page15of27
Communty Firnt Oxfordshire Year Ended 31 March 2028 "'** Statement of Financlal Activities (Incorporating an Income and Expenditure Account) Unrestricted funds 2026 Restrlcted funds 2026 Totsl funds 2026 Tolal funds 2025 Note Income from: Project grants and contracts Investment income Other income Total incom 257,134 18,417 18,558 294,109 281,721 538,855 18,417 18,558 575,830 475,482 21,397 33,776 530,655 281,721 Expenditure on: Charttable expendlture: Costs in furtherance of charilabie objects Total expenditure 282,575 280,223 562,798 521,992 282,575 280223 562,798 521,992 Net incomellexpendilure) before gainsl{lossesl on investments 11,534 1,498 13,032 8,663 Nel gainsl(losses) on investments 10 (3,875) 13,8751 {7,655) Nel incomellexpendilure) 7,659 1,498 9,157 1,008 Transfers between funds 15 Net movement in funds 1.008 Balantss brought forward 580,569 580,569 579,561 Balances carrfed forward 588,228 589,726 580,569 All income and expenditure derive from continuing &tivilies. The statement of financial xtivits'es includes all gains and losses recognised during the year. The COMpanY1ng ¥Kcounting p)licies and rKJtes fomi part of these financial ststements. Page 16of27
Communlty First oxfordshl-, ' Balance Sheet Notes 2026 2025 Fixed assets Tangible assets Investments 10 358,751 358,751 362.626 362,626 Current assets Debtors Cash in hand 11 38,831 326,459 365,290 {134,315} 18,276 369,227 387,503 1169,5601 217,943 Creditors: amounts falling due within one year Net current a55ets 12 230,975 Total assgt$ less Current liabilities 589,726 580,569 Net assets 589,726 580,569 Funds UnrestrKted Designated General Reslricled Total funds 16 15 17 71,850 516,378 1,498 589,726 71,850 508,719 580,569 The financial statements are prepared in accordance wlh the special provisions of part 15 of the Companies Act 20[ relating lo small companies. For the year ended 31 March 2026 the company was entitled to exemption from audit under section 471 of the Companies Act 2006 relats'ng to small companies. Directors respansibilitie5.. The rnembers have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparatijn of accounts. These financial slalemenls were approved by the memters of the board on 30 July 2026 arKI are SKJned on their beha by.. Jackie Wilder5pin Chair of TruStS Company registered number 2461552 Charity Registered NuMr 900560 The accompanying accounting policies and noles fom part of these financial statements. Page17of27
Community First Oxfordshire Yjar Ended 31 Math 2026 Statement of Cash Flows 2026 2025 Cash flows from operating activitles 161,185) 54,589 Cash flows from investing activiti85 Interesudividends received Purchase of investments Nel cash from investing activities 18,417 21,397 {100.0001 18,417 (78,6031 Change in cash and cash equivalents in the reporting Feriod 42,768 24,014 Cash and cash equIvants at1 April 369,227 393,241 Cash and cash equivalents al 31 March 326.459 369,227 Reconclliation of net incom& to net cash flow from operatlng actlvities Nel income for the year 9,157 1,008 Investment income Net Igainsjllosses on inveslments Decreasel(increase) in deblors {Decrease)Iincrease in credilots (18,417) (21,39n 3,875 7,655 120,5551 {1,838} {35,2451 69,161 Nel cash flow from operating activities 61,185 54,589 Page 18of27
Communlty Fit Oxfordshlre Year End 31 March 2028 Notes to the financial statements 1. Project grants and contracts Unrestricted funds 2026 Restricted funds 2026 Totsl funds 2026 Totsl funds 2025 Planning and Stewardship Consultancy Voluntary Infrastructure Contract Rural Communities Support- Defra {RepSentatIOn1 Communities Support- Dislricl Councils Placemaking Projects Collaborative Housing HUB Community Development Consultancy Connected Communities Fund Ukrainian Community Transport Project Abingdon Caklecott Community Profile Grant Cherwell Funding for Support of Oil Healing Scheme Rural Housing Enabler Well Together Programme Faringdon Nabjre Makers and Climate Champions Slop Smoking Outreach Project TNLF Infrastructure Research Community Hub Grants Small and Mighty Funds 26,125 84,600 84,6(Y) 60,000 39,990 39,990 39,640 14,000 14,ClJO 23,499 26,721 35,500 26,721 35,500 10,431 18,500 66,940 66,940 58,378 25,583 25,583 16,(MNJ 8,OCK) 3,810 3,480 56,841 124,595 56,841 124,595 53,687 101.367 3,79) 3,790 2,500 41,980 41,980 15,000 35,065 16,315 2,000 281,721 16,315 2,000 538,855 257,134 475,482 £209,694 of the above income in 2025 was atttibulable to restrictaj funds. PaJe 19of27
Communlty First Oxfordshlre Year Ehd 31 Maroh 2028 Notes to the financial statements (continued) 2. Investment inc¢)me Unrestricted funds 2026 Restricted fund$ 2026 Total fund5 2026 Totsl funds 2025 Bank Interest Receivable Dividends Re*ivable 7,365 11,052 18,417 8,912 12,485 21,397 11,052 18,417 None of the above income in 2025 was attributsble10 restricted funds. 3. Other income Unrestrict8d funds 2026 Restricted funds 2026 Total funds 2026 Totsl fund$ 2025 General Membership Fees Village Hall Membership Fess Oil scheme income Donations Other 5,4CQ 9,695 3,072 5,4 9,695 3,072 6,835 9,ICK) 14,141 200 3,500 33,776 391 18,558 391 18,558 None of the above income in 2025 was attributable to reslricled fuTrds. 4. Costs in furtherance of charltsble objects.. Unrestricted Restricted funds 2026 fund$ 2026 Total funds 2026 Total funds 2025 Salaries Grants paid Travelling Professional & consultancy fees Affiliations & subscriptions Training & conferen Premises Promotional & website costs Print, p)sl, teleFhone & IT Other costs Govemance costs- see note 5 Tolal 181,428 1,027 3.232 31,347 10,631 6,879 13,169 8,986 18,410 5,475 1,990 282,575 258,610 11,715 1,312 4,449 440,038 12,742 4,544 35,796 10,631 7,219 13,169 8,986 21,046 6,637 1,990 562,798 385,861 11,810 4,258 46,150 26,S84 5,779 13,210 352 20,655 5,T13 1,560 521,992 340 2,636 1,162 280,223 £209,715 of the above expenditure in 2025 was attributsble to restricted funds. Page 20 of 27
Community First Oxfordshire , Year Ended 31 mh.2028 Notes to the financial statements {continued) 5. Govfrmance costs Unrestricted funds 2026 Restricted funds 2026 Total funds 2026 Total funds 2025 Examinerfs remuneratbjn 1,g90 1,99) 1,560 Total 1,990 1,990 6. Related paty transactlons The t9tS did not receive or waive any remuneration during the year {2025: nil) and there was no reimbursement in resFecl of Iravelling expenses12025'. nil). There were no other related paty transactions during the period12025'. £nil). 7. Employees The aggreg* payroll costs were: 20256 2025 Wages & salaries Social security costs Penswm contributions 388,252 34,998 16,788 440,038 340,161 29,588 16,112 385,861 The average number of employees and full time equivalents (E) during the year were: 2026 FTE 2.8 8.0 10.8 2026 nurnr 2025 FTE 4.0 2.8 13.0 8.0 17.0 10.8 2025 num1 4.0 13.0 17.0 Office & manajement Operational No employee earned more than £60,OCQ in the current or prior year. Ke Mana ement Personnel The trusl&s consider the board of trustees and the senior management team comprise the key management personnel ofthe charity reskM)nsible fordirecling and controlling, running and operating CFO on a daily basis. The trustees are listed on page Iwo. The senior management team in 2025126 and going fomard are: Joint Chief Executive Officer Emily Lewis-Edwards Joint Chief Executive offir Tom Mcculloch Page 21 of27
Communlty Fir* Oxfofflshire Yèar Ended 31 Mareh 2028 Notes to the financial statements (continued) 7. Employee5 (continued) Pay policy for key management personnel.. All trustees give of their lime freely and no trustee ceiVed remuneration in the current or Preing year. Details of Iruslees, expense and related party transactions are shown in notes 6 and 7. Because of the nature of the charity, the truslees benchmark salaries against pay levels in local government and charities in similar fields. The pay of staff is reviewed annually based, nomally on the annual cost of living increase calculated using the average of the Consumer Pri Index ICPI}. The lolal remuneratson of the senior management team in 2025126 was £115,229 12024125: £109,695). 8. Grants paid During the year ended 31 March 2026 23 grants were made lo community organisalions under the Community Hub Engagement project. 9. Tangible fixed assets Furniture, flxtures & fittings Computers Totsl Cost As al 1 April 2025 Additions Disposals As at 31 March 2026 12,953 11,276 24,229 12,953 11,276 24,229 Depreciation As at1 April 2025 Charge for the year Disposals As at 31 March 2026 12,953 11,276 24,229 12,953 11,276 24,229 Page 22 of 27
Communlty First OxfOhlre Year Ended 31 March 2026 Notes to the financial statements (continued) 10. Investments 2026 2025 Fair value al 1 April Additions Nel gainlllossl on thange in fair value At31 March 362,626 270,281 ICK),000 {7,655} 362,626 (3,8751 358,751 An investment of £1 is the £1 share capital of ORCC Trading Limited, a company registered in England and Wales (number 073672601, a wholly owned subsidiary company. As at 31 March 2026 the company was domiant with net assets of£1. An investment of£150,000 was made to COIF Charities Ethal Investment Fund in 2020, a further £1CQ,000 was invested in this fvnd in 2023 and £100,000 was invested in this fund in 2025. This investrnenl will be reviewed annually under the charity's investment policy. 11. Debtors 2026 2025 Other debtors Prepayments Accrued income 25,210 16,796 1,059 421 18,276 13,621 38,831 12. Credltors: amounts falling due within one yoar 2026 2025 Taxation and social security Income reiVed in advan Other Creditors Accnjals 8,042 117,4C6 4,842 4,025 134,315 8,935 156,021 764 3,840 169,560 13. Delerred Incomo 2026 2025 Balan at1 April Membership Income released in year Other income released in year Membership Income deferred in year Other inrxjme deferred in year Balance at 31 March 156,021 {5,4951 {130,5211 510 96,891 117,406 80,172 (5,025} 175,147) 5,495 150,526 156,021 Memkrship income is deferred lo a future period when it is r1Ved in advan of the financial year for which the subscription is paid. Other income (for grants and ¢ontra¢ts} is deferred when it is received in advan of the period of activsty to which it relates. Page 23 of 27
, Community First Oxfordshitp. Year Enddd 31 March 2026 Notes to the financial statements (continued} 14 Analysis of net assets 202S126 Unrestricted fund5 2026 Restrlcted funds 2026 Total funds 2026 Total funds 2025 Tangible fixed assets Investments Current assets Current liabilities Total 358,751 300,107 (70,6301 588,228 358,751 365,290 (134,3151 589,726 362,626 387,503 1169,560} 580,569 65,183 {63,6851 1,498 Analysis of net assets 2024125 Unr•stricled funds 2025 Restricted funds 2025 Total fund$ Total lunds 2025 2024 Tangible fixed assets Investments Current asgeis Current liabilities Total 362,626 367,503 (149,5601 580,569 362,626 387,503 (169,5601 580,569 270,281 409,679 1100,399} 579,561 20,000 {20,OCQI 15. Funds 2025126 General funds Designated funds Restricted funds Total funds At1 April 2025 Incoming resources Resources expended Transfers tetween fiJnds Total 508,719 294,109 1286,4501 71,850 580,569 575,830 1566,6731 281,721 (280,2231 516,378 71,850 589,726 Funds 2024125 Al1 April 2024 Incoming resou$ ReSoUrS expended Transfers between funds Total 507,711 320,961 (319,932) (211 508,719 71,850 579,561 530,655 {529,6471 209,694 (209,7151 21 71,850 580,569 Page 24 of27
Communlty First Oxforr18hire Yèar Endgj 31 March 2026 Notes to the financial ststements (continued) 16. Designated Funds 2025126 At 1 Aprll 2025 InrnIng Out9n9 Tran¥fers At31 March 2026 Communrty Development Fund SCTC19 COMF Fund for training Business Development Fund Contingency Fund 16,850 16,850 3,000 3,000 7,OCQ 7,000 45.0 71,850 45,0 71,850 Designated Funds 2024125 At 1 Aprll 2024 Incomlng Outgolng Tran5feTS At31 March 2025 Community Development Fund SCTC19 COMF Fund for training Business Development Fund Contingency Fund 16,850 16,850 3,OC() 3,000 7,000 45.oc 71,850 45,000 71,850 Business Develo ment Fund This fund is used to promte the charity and to fund the invests'gation of new income streams for the benefit of the charity. Contin enc Fund This fund was established lo ensure that there are suffKienl funds to meet CFO'S obligations Shou the charity cease to operate. The balan on this frjnd is reviewed annually. Pro'ecl focused desi nated fund These ring-fend funds were transferred from restricted fund5 a5 they were no longer deemed restrictè because of agreed changes to Ihe funding priorities. The project focused designated fvnds will te used to SUPtxJrt Speci inilsalives such as Community Development projects and specific project f(Kused work in line with funding theme. Page 25 of 27
Communty Fu7t Oxfordshire-'; Yèar Ended 31 March 2Q26 Notes to the financial statements (continued) 17. Reslricted Funds 2025126 At1 April 2tr25 Transfws At 31 March 2028 Incoming Oirtgolng DEFRAJACRE Fund Rural Housing Enabler Well Together Programme Slop Smoking Outreath Project Community Hub Small and MvJhty Funds 39,990 56,841 124,595 41,980 {39,990} (56,841) (124,5951 141,9801 16,315 2,000 281,721 114,8171 12.0001 (280,2231 1,498 1,498 Restricted Funds 2024125 At 1 April 2024 Trangr¥ At 31 March 2025 Incoming Outgoing DEFRAIACRE Fund Rural Housing Enabler Well Together Pr[aMMe Stop Smoking Outreach Project 39,640 53,687 101,367 (39,640) (53,708) {101,367) 21 15,000 (15,OCKJ} 209,694 (209,715) 21 Restricted fijnds include funding from Defra via our national umbrella organisation Action with Rural Communities in England IACREI This government funding must be treated as restricted funds and is for the use of community devebpmenl in Oxfordshire's rural communities and Rural Housing work. The Well Together Pramrne is was a 2.&year programme funding grassrcols groups in 10 wards in Oxfordshire to address health inequalities via a team of Communty Capacity Builders whh are empbyed by CFO. The Well Together Funds are treated as restricted as agreed with the funder {Inlegraled Care Board, NHSI. The Stop Smoking project is a1-year outreach project funded by Oxfordshire's Public Health. The new funds in 2025-26 consisted of the Community Hub Engagement support and administering a small grant p()t on behalf of the County Council, lch allowed Community Hub coordinators to collaborate over the year and into 2026-27. The Small and Mighty funds is a 4-year Lottery funded programme of support and vi for small voluntary groups. The initial funding went towards the recruitment prosS. Finalty, the Rural Housing Enabler funds is part of national programme to increase affordable housing in our rural communities. Page 26 of 27
Communty Firnt Oxfordshlre It". Year ETthJ31 March 2028 Notes to the financial statements (continued) 18. Operating lease commKments 2026 Land and buildings 2026 Other 2025 Land and buildings 2025 Other Less than one year Between one and five years 9,000 24,750 33.750 696 15,750 24,750 696 The amount of non<Ancellabb ¢feraling lease payments recognised as an eynse during the year was £9,696 {2025.. £9,696). 19. Pension Obllgatlons CFO has no pension obligations in 2025126 other than the routine payment of empbyer contributions to the Growth Plan 4 pension scheme, which is a defined contribution scheme. Page 27 of 27