The Trustees present their annual report and financial statements for the year ended 31 August 2023.
The Trustees confirm that the accounts comply with current statutory requirements and with requirements of the charity's memorandum and articles of association which is its governing document.
The objects of the company continue to be education of the public in the field of human rights, in particular by the provision of lectures, and the support of Amnesty International. The Trustees confirm that they have had regard to the guidance provided by the Charity Commission in respect of public benefit when determining the activities of the charity for the year.
The organisation work of the company was, as last year, undertaken primarily by its directors, who are also charitable trustees. There is no paid member of staff.
The trustees are reimbursed for their expenses necessarily incurred as per note 5 to the accounts.
The company holds no assets fixed or moveable, and occupies no premises on its own.
During the year ended 31 August 2023 Oxford Amnesty Lectures Limited was inactive but is planning future events.
The company had net assets of £6,678 brought forward from the previous financial year. It received income from royalties totalling £11 and bank interest of £69. The company made payments in relation to accounts preparation fees and bank charges totalling £1,140, resulting in an operating deficit of £1,060.
Net assets carried forward as at 31 August 2023 amounted to £5,618
The charity's policy on reserves is to retain however much is needed to fund the following year's lecture series and to donate the balance to Amnesty International. At the year end the charity held reserves of £5,618. As noted in the accounting policies, the charity accounts have not been prepared on a going concern basis and these reserves will be donated to Amnesty international once the creditors have been paid.
The company is a registered charity. The charity registration number is 1010785.
The company registration number is 2607875. This is a company registered by a guarantee and does not have a share capital. The liability of the members in the event of a winding up is limited to £1 each.
The registered office of the charity is:
15 Tyndale Road, Oxford, OX4 1JL
The Trustees/Directors who have acted during the course of the year are:
The Trustees of the charity are selected by election.
The Trustees' report was approved by the Board of Trustees.
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter dated 20 May 2022. Our work has been undertaken solely to prepare for your approval the financial statements of The Oxford Amnesty Lectures Limited and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Oxford Amnesty Lectures Limited and the charity's Trustees as a body, for our work or for this report.
It is your duty to ensure that The Oxford Amnesty Lectures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of The Oxford Amnesty Lectures Limited. You consider that The Oxford Amnesty Lectures Limited is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of The Oxford Amnesty Lectures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The company is a private company, incorporated in England, limited by a guarantee and not having a share capital. The extent of the liability of each member of the company on a winding up is limited to a maximum of £1.
The financial statements have been prepared under the historical cost convention and in accordance with The Statement of Recommended Practice - Accounting & Reporting by Charities (SORP 2019) issued in October 2019, applicable to UK Accounting Standards and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
At the time of approving the financial statements, the operations of the charity are due to cease and the charity will be wound up shortly after. The financial statements for the year ended 31 August 2023 have been prepared on a basis other than going concern. Accordingly,the balance sheet has been adjusted to reflect the recoverable amounts of each balance and includes all liabilities, charges and provisions that arise as a result of the charity no longer being a going concern.
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Gross income comprises all income receivable from ticket sales, publishers' advances and related sources.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Bank charges
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the company during the year. None of the Trustees received any reimbursement for expenses during the year.
The average monthly number of employees during the year was:
There were no key management personnel in the year.
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
There were no disclosable related party transactions during the year (2022 - None).