WEST OXFORD COMMUNITY ASSOCIATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £12,055 for the year ended 31 December 2023, following a deficit of £10,820 in the prior year. Despite this loss, total unrestricted reserves stood at £117,041, which exceeds the trustees' stated policy target of covering three months of budgeted recurring expenditure and planned capital expenditure.
What the accounts disclose
Year-over-year changes
- Going concern: going-concern doubt noted (FY2022) → no going-concern doubt (FY2023).
Trustees
- REBECCA HUXLEYchair
- Christopher Bussell
- HELEN REID
- JIM MCMAHON
- James Hart
- Jane Whitaker
- Kerry June Wright-Lynes
- LOUISE SIDDLE
- Lisa Bird
- MARTIN JOHN BOURNE
- Rosalyn Kilbee
- SHAN SAUNDERS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £123k | £116k |
| 31/12/2023 | £109k | £121k |
| 31/12/2022 | £107k | £118k |
| 31/12/2021 | £101k | £91k |
| 31/12/2020 | £102k | £95k |
Common questions
Is WEST OXFORD COMMUNITY ASSOCIATION financially healthy?
The accounts state that the charity reported a net deficit of £12,055 for the year ended 31 December 2023, following a deficit of £10,820 in the prior year. Despite this loss, total unrestricted reserves stood at £117,041, which exceeds the trustees' stated policy target of covering three months of budgeted recurring expenditure and planned capital expenditure. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HDH WILLS 1965 CHARITABLE TRUST | 1 | £508k |
| JOHN LAING CHARITABLE TRUST | 1 | £85k |
| THE CHRISTOPHER LAING FOUNDATION | 1 | £50k |
| THE LANKELLYCHASE FOUNDATION | 1 | £10k |
| MILLS AND REEVE CHARITABLE TRUST | 1 | £6k |
| THE BRANCH TRUST, CHIPPING NORTON (CIO) | 1 | £3k |