ADVANCED OXFORD CIC
ADVANCED OXFORD CIC
ADVANCED OXFORD CIC
Company limited by guarantee
Company Registration Number:
10976883 (England and Wales)
Unaudited statutory accounts for the year ended 31 March 2021
Period of accounts
Start date: 1 October 2019
End date: 31 March 2021
ADVANCED OXFORD CIC
Contents of the Financial Statements
for the Period Ended 31 March 2021
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
ADVANCED OXFORD CIC
Balance sheet
As at
| Notes | 18 months to 31 March 2021 | 2019 | |
|---|---|---|---|
| | £ | £ | |
| Current assets | |||
| Debtors: | 3 | | |
| Cash at bank and in hand: | | | |
| Total current assets: | | | |
| Creditors: amounts falling due within one year: | 4 | ( | ( |
| Net current assets (liabilities): | | | |
| Total assets less current liabilities: | | | |
| Total net assets (liabilities): | | | |
| Members' funds | |||
| Profit and loss account: | | | |
| Total members' funds: | | |
The notes form part of these financial statements
ADVANCED OXFORD CIC
Balance sheet statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
ADVANCED OXFORD CIC
Notes to the Financial Statements
for the Period Ended 31 March 2021
-
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
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/valueadded tax, returns, rebates and discounts.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. Other accounting policies
Trade debtorsTrade debtors are amounts due from customers for services performed in the ordinary course of business.Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect allamounts due according to the original terms of the receivables.Trade creditorsTrade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. Trade creditors are recognised at the transaction price.
ADVANCED OXFORD CIC
Notes to the Financial Statements
for the Period Ended 31 March 2021
-
2. Employees
18 months to 31 March 2021 2019 Average number of employees during the period 0 0
ADVANCED OXFORD CIC
Notes to the Financial Statements
for the Period Ended 31 March 2021
3. Debtors
| 18 months to 31 March 2021 | 2019 | |
|---|---|---|
| £ | £ | |
| Trade debtors | | |
| Other debtors | | |
| Total | | |
ADVANCED OXFORD CIC
Notes to the Financial Statements
for the Period Ended 31 March 2021
4. Creditors: amounts falling due within one year note
| 18 months to 31 March 2021 | 2019 | |
|---|---|---|
| £ | £ | |
| Taxation and social security | | |
| Accruals and deferred income | | |
| Total | | |
COMMUNITY INTEREST ANNUAL REPORT
ADVANCED OXFORD CIC
Company Number: 10976883 (England and Wales)
Year Ending: 31 March 2021
Company activities and impact
Advanced Oxford is a membership organisation with members drawn from R&D based/innovative companies working across Oxfordshire. Our membership includes companies, as well as Oxford’s two Universities, the NHS and providers of innovation infrastructure and support. Advanced Oxford was set up in response to the Oxford Innovation Engine Update report. Published in 2016, the report identified the need for stronger engagement from the innovative businesses in Oxfordshire in the work to develop the region as a centre of excellence and an engine room for innovation. Work to scope and set up Advanced Oxford started in 2017. We now have an established team, our first published research and a pipeline for work that will take us forward into 2021 and beyond. Further information about Advanced Oxford, our members and our work can be found on our website, www.AdvancedOxford.com. Advanced Oxford is research-led, providing analysis and a united voice for our members on the key issues affecting the development of the innovation ecosystem in the Oxford region. We generate our own research and work to support and inform key stakeholders involved in the development of the business environment, infrastructure and policy. Advanced Oxford is working to support the long-term development and success of the Oxford region as a place to live and work. We do this by drawing on our collective experience of setting up, running or working in knowledge-based, innovation-focused businesses and organisations. We use our connections to other businesses to generate evidence and undertake research. We want to support the long-term development and success of the Oxford region as a place to live and work. While we have an active interest in issues that impact on growth – housing, transport, skills and talent etc – we are also interested in the lived experience, which is why we conducted this research into Quality of Life. The survey, conducted at the end of 2018/early 2019 identifies the best and the worst aspects of living and working in Oxfordshire, as identified by people working within the companies and organisations that make up Advanced Oxford. The people who work in our innovation ecosystem also live in or commute to the Oxfordshire region. Their experiences and views will be common to those of the citizens who live and work across our region and within our communities. The results from this research allow us to better understand the issues that affect the decision to work and live, or commute to Oxford and Oxfordshire. The results are presented in a report, available through the Advanced Oxford website.
Consultation with stakeholders
Consultation with stakeholders of Advanced Oxford CIC (i.e. members and other interested parties such as non-member companies and Oxfordshire LEP) on a regular basis, both through face to face meetings, individually and collectively, and through e mail communications and surveys. Consultation work has informed Advanced Oxford’s work plan and priorities.
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
6 July 2021
And signed on behalf of the board by:
Name: Mr S R Burgess
Status: Director