OXFORD CITY ATHLETIC CLUB CIC

Company limited by guarantee

Company Registration Number:
11423946 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

OXFORD CITY ATHLETIC CLUB CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

OXFORD CITY ATHLETIC CLUB CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The principal activity of the company is to provide athletic competition, coaching and training to its members, and to expand the athletics opportunities in the community.



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

M G Bristow
R N Hart
Dr S D Davies
P A Walter


The director shown below has held office during the period of
1 October 2023 to 1 October 2023

K L Sutcliffe


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 June 2025

And signed on behalf of the board by:
Name: R N Hart
Status: Director

OXFORD CITY ATHLETIC CLUB CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 126,088 98,262
Cost of sales: ( 9,799 ) ( 13,698 )
Gross profit(or loss): 116,289 84,564
Administrative expenses: ( 96,153 ) ( 90,891 )
Operating profit(or loss): 20,136 (6,327)
Interest receivable and similar income: 1 431
Profit(or loss) before tax: 20,137 (5,896)
Profit(or loss) for the financial year: 20,137 (5,896)

OXFORD CITY ATHLETIC CLUB CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 258,384 242,224
Total fixed assets: 258,384 242,224
Current assets
Stocks: 4 1,000 1,850
Debtors: 5 2,379 1,484
Cash at bank and in hand: 13,134 21,987
Total current assets: 16,513 25,321
Creditors: amounts falling due within one year: 6 ( 9,437 ) ( 22,222 )
Net current assets (liabilities): 7,076 3,099
Total assets less current liabilities: 265,460 245,323
Creditors: amounts falling due after more than one year: 7 ( 83,715 ) ( 83,715 )
Total net assets (liabilities): 181,745 161,608
Members' funds
Profit and loss account: 181,745 161,608
Total members' funds: 181,745 161,608

The notes form part of these financial statements

OXFORD CITY ATHLETIC CLUB CIC

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 June 2025
and signed on behalf of the board by:

Name: R N Hart
Status: Director

The notes form part of these financial statements

OXFORD CITY ATHLETIC CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Plant and machinery Straight line over the life of the asset Track and Field Straight line over the life of the asset Fixtures and fittings Straight line over the life of the asset

OXFORD CITY ATHLETIC CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

OXFORD CITY ATHLETIC CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 256,590 10,337 5,778 272,705
Additions 22,487 3,070 0 25,557
Disposals
Revaluations
Transfers
At 30 September 2024 279,077 13,407 5,778 298,262
Depreciation
At 1 October 2023 21,201 7,740 1,540 30,481
Charge for year 8,691 321 385 9,397
On disposals
Other adjustments
At 30 September 2024 29,892 8,061 1,925 39,878
Net book value
At 30 September 2024 249,185 5,346 3,853 258,384
At 30 September 2023 235,389 2,597 4,238 242,224

OXFORD CITY ATHLETIC CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Stocks

2024 2023
£ £
Stocks 1,000 1,850
Total 1,000 1,850

OXFORD CITY ATHLETIC CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors

2024 2023
£ £
Trade debtors 561 401
Prepayments and accrued income 397
Other debtors 1,818 686
Total 2,379 1,484
Debtors due after more than one year: 2,379 1,484

OXFORD CITY ATHLETIC CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 0 14,933
Taxation and social security 124 166
Accruals and deferred income 9,305 7,090
Other creditors 8 33
Total 9,437 22,222

OXFORD CITY ATHLETIC CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 83,715 83,715
Total 83,715 83,715

OXFORD CITY ATHLETIC CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

8. Loans to directors

Name of director receiving advance or credit: R N Hart
Description of the transaction:
During the year, the director provided a loan to the company.
£
Balance at 30 September 2023 83,715
Advances or credits made:
Advances or credits repaid:
Balance at 30 September 2024 83,715

COMMUNITY INTEREST ANNUAL REPORT

OXFORD CITY ATHLETIC CLUB CIC

Company Number: 11423946 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

The company operates the Horspath Road Athletics Track in Oxford, offering athletics and fitness activities to the residents of Oxford and Oxfordshire. The Company was formed in 2019 shortly after it had signed a 30-year lease over the property with Oxford City Council. The lease gives the company responsibility for managing and operating the track, with all its attendant costs and responsibilities. During the year 2023-24 the company has benefited the community in the following ways:- over 12,000 individual training sessions took place, more than 5000 hours of volunteering took place, and the track was open to the public for 360 days of the year. 25 local schools used the track for sports days and for recording GCSE exam practicals, several disability charities have used the track for regular exercise sessions. The company has one part-time employee and over 70 volunteer members, and also offers casual employment to local school-age pupils

Consultation with stakeholders

The company is represented at local stakeholder group meetings organised by Oxford City Council. The company has a website, social media sites and a regular newsletter by means of which it maintains communication with its stakeholders.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 June 2025

And signed on behalf of the board by:
Name: Richard Hart
Status: Director