OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Company registration number 02757764 (England and Wales) Charity registration number 1019626 (England and Wales)

OASIS CHILDREN'S VENTURE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

OASIS CHILDREN'S VENTURE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees and directors Mr Timothy Bowker
Ms Henrietta Boxer
Mr Harry Hughes-Davies
Mr Richard Ollerhead (Appointed 30 June 2025)
Ms Shimmarie Riley (Appointed 3 March 2025)
Secretary Mr Simon Pring
Charity number 1019626
Company number 02757764
Registered office 33 Priory Grove
Stockwell
London
SW8 2PD
Auditor BGM Helmores Limited
3rd Floor
114a Cromwell Road
Kensington
London
SW7 4AG
Bankers CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME194JQ

OASIS CHILDREN'S VENTURE

CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 9
Statement of financial activities 10 - 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 - 26

OASIS CHILDREN'S VENTURE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees who are Directors for Company Law purposes, submit their annual report and the financial statements of Oasis Children's Venture (Oasisplay) for the year ended 31 March 2025.

Structure, Governance and Management

Oasisplay operates from three sites in Stockwell and one site in Kennington, London Borough of Lambeth. In Stockwell we have Oasisplay Nature Garden, Oasisplay Adventure Playground Stockwell and Oasisplay Kart Track. Our newest site is Oasisplay Adventure Playground at Bolton Crescent which we took on in July 2021 and opened in January 2022. All sites and services are fully inclusive and support the needs of both disabled and non disabled children and young people.

Oasis Children's Venture is a company limited by guarantee governed by its Memorandum and Articles of Association dated 1st April 1992. It is registered as a charity with the Charity Commission.

Trustees are elected at each Annual General Meeting and hold office only until the next following Annual General Meeting. Trustees are required to retire from office at each AGM, but are eligible for re-election.

The Trustees, who are also the directors for the purpose of company law and who served during the year are listed on the Legal and Administrative information page to these accounts.

New Trustees have an induction meeting with the Charity's Trustees to brief them on the business plan, current programme and financial performance of the charity. During the induction they meet key staff members and have the opportunity to observe various aspects of the charity's work.

New Trustees are also invited to an induction meeting where they have the opportunity to discuss any issues with the rest of the trustees.

The Trustees are encouraged to attend appropriate training events that will facilitate the undertaking of their role.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Public benefit

In planning, reviewing and undertaking the activities of the Charity for the year, the Trustees have taken account of the Charity Commission's guidance on public benefit.

Activities

The Objects of the Charity for the public benefit are:

In carrying out its provision of services and employment, Oasis adheres strictly to equal opportunities for all, irrespective of religion, race, disability or sexuality.

Oasis adopts a sustainable environment policy by bringing greenery to the city, through the transformation of derelict land, and through the creation and management of its three sites. Its aims at all projects are to provide and adapt facilities for all sections of the community through contributing to the regeneration of the green and built environment. It helps children to learn about nature and ecology in their city surroundings.

It aims to promote the understanding of the countryside and protect the existing animals and plants at its sites.

OASIS CHILDREN'S VENTURE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Significant activities and achievements against objectives Oasisplay - 'transforming lives through play'

Oasisplay provides innovative and inclusive outdoor play and learning opportunities that enable disabled and nondisabled children and young people to lead happy, fulfilled lives and play positive roles in the community.

The following values underpin the delivery of all services for children and young people:

Oasisplay runs a wide range of community services from four unique sites in Stockwell and Kennington. Services are fully inclusive. Disabled children and young people are supported to join in everything Oasisplay has to offer.

Adventure Playground - Stockwell - Open access adventure play after school, Saturdays and school holidays. Including sports and art activities. All activities are fully inclusive with disabled and non disabled children playing and having fun together.

Highlights - A new playstructure with towers, nets and a treehouse!

Adventure Playground - Bolton Crescent - Open access Adventure play and short breaks for disabled children and young people. The site has been fully open since September 2022 with site improvement happening all the time including new vegetable growing beds and a wildlife pond.

Highlights - 22 disabled children now attend regularly during afterschool, Saturdays and in the school holidays.

Nature Garden - After school environmental play sessions, Forest School Foragers - nature based activities for under 5s ad their families. Regular visits from schools to enhance curriculum learning and children's wellbeing. Highlights - Community lunches, led by volunteers, very well attended! Right Track Project - Karting and mechanics sessions for at risk young people, mentoring and support to stay in education and reach their potential.

Right Track Project - Karting and mechanics sessions for at risk young people, mentoring and support to stay in education and reach their potential.

Highlights - Residential trip for 17 young people to Macaroni Woods in Gloucestershire. During the year over 850 individual children and young people took part in free open access play services at our four unique sites.

A further 650 children and young people have visited over the year with their families, schools or as part of private group bookings. We have provided regular weekly activity sessions for 8 local schools. These include Lambeth SEN schools, Heron Academy, Livity School, Vanguard School, Larkhall School Autistic Unit, Allen Edwards Primary School Autism Centre and Wyvil Primary School. Students take part in a wide range of activities including karting, forest school activities and free play.

OASIS CHILDREN'S VENTURE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

“The nature garden has changed me.” - Child

Nestled in a concrete jungle, our Nature Garden provides a safe natural space with woods, meadow, vegetable patches and ponds. Children who rarely go outside have the opportunity to dig, build, plant, grow, eat natural foods, and learn about bugs, slugs, birds and other local wildlife. Pre-school groups help parents play confidently with their children and support healthy eating; after-school groups provide a safe, fun space for primary school age children to explore nature. It’s also the fantastic setting for our Community Lunch.

“If I have had a bad day at school, I can relax when I am at Oasis. …. I always have someone to talk to.” - Child

A 1.5-acre hub of our Community Play project, our Stockwell Adventure Playground is where we offer free, inclusive, open-access play sessions all year, plus volunteering activities, and community events. It’s a favourite of children in often difficult primary-secondary school transition, providing a safe, familiar, consistent space while going through so much change.

“It’s a lifesaver having the playground for my kids, they have space to be themselves and have fun.”

Added to our portfolio in 2020 in response to a severe lack of out-of-school facilities for disabled children, our Bolton Crescent Adventure Playground has been specially designed for disabled children and young people with moderate to high needs. Currently welcoming about 100 young people a year who lack any other out-o school opportunities, they play alongside peers, siblings and other service users in this fun, inclusive environment.

OASIS CHILDREN'S VENTURE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

“Karts has taught me that making mistakes is the best way of learning.” - At risk pupil

Our unique Right Track Project uses the thrill of karting to support young people to divert away from destructive life choices and criminality. The rules of the track are simple and clear, working particularly well for young people who may struggle to follow rules in other environments. Learning to maintain the karts, they have opportunities to gain AQA accredited certificates. Marshalling gives responsibility regulating each other’s driving while learning how to assess risks and communicate clearly, and helps to deliver sessions to young members, in which they experience the value of role-modelling.

Financial review

Total income for the year was £1,401,520 (2024: £1,200,797), comprising £689,714 from donations and legacies, £709,922 from charitable activities, and £1,884 from investments and other income. Expenditure for the year totalled £1,405,169 (2024: £1,196,684), with the majority spent on charitable activities.

The charity recorded a net deficit of £3,649 (2024: surplus of £4,113), resulting in closing unrestricted reserves of £300,903 at 31 March 2025 (2024: £304,552). Of these, £74,517 is represented by fixed assets, with free reserves of £226,386 available for general purposes.

Going concern

In the prior year (2023-24), the trustees’ report and the independent auditor’s report both acknowledged a material uncertainty relating to the charity’s ability to continue as a going concern, due to significant challenges in securing future funding. This resulted in the inclusion of a “material uncertainty relating to going concern” paragraph in the audit report (2023-24).

During the year ended 31 March 2025, and in the period since the year-end, the trustees have taken proactive steps to address these risks. The charity has implemented a range of fundraising initiatives to diversify and increase income streams and undertook cost-cutting measures, including a review of staffing levels. The trustees sought to plug the funding gap through an appeal in early 2025, which raised over £70,000. These actions have strengthened the charity’s financial position and improved the outlook for future sustainability.

Following a detailed review of the charity’s budget and funding pipeline, and in light of the measures taken, the trustees deem that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the trustees consider it appropriate to prepare the financial statements on a going concern basis.

Risk Management

We maintain a risk register which is reviewed periodically with managers and any identified major risks have been brought to Trustees notice at regular meetings.

New procedures have been discussed with managers to minimise the potential impact of those risks and new processes will be implemented. The inability to secure grant funding is the major risk that may prevent Oasis from carrying out its charitable objectives.

OASIS CHILDREN'S VENTURE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

Mr Timothy Bowker Ms Henrietta Boxer Mr Peter McNally (Resigned 3 March 2025) Ms Katharyn White (Resigned 30 June 2025) Mr Harry Hughes-Davies Mr Richard Ollerhead (Appointed 30 June 2025) Ms Shimmarie Riley (Appointed 3 March 2025)

Statement of trustees' responsibilities

The trustees, who are also the directors of Oasis Children's Venture for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that BGM Helmores Limited be reappointed as auditor of the company will be put at a General Meeting.

Public Benefit Statement

The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties. The public benefit of the Charity's activities are outlined under 'Objectives and Activities' above.

Preparation of the Report

The report of the Trustees has been prepared taking advantage of the small companies exemption under Section 415A of the Companies Act 2006.

OASIS CHILDREN'S VENTURE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Trustees. The trustees’af report was approved by the Trustees. Mr Timothy Bowker — Mr Timothy Bowker Trustee Trustee 29 October 2025 Date: 2tfo[2026.....

Mr Harry Hughes-Davies Mr Harry Hughes-Davies Trustee Trustee

OASIS CHILDREN'S VENTURE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF OASIS CHILDREN'S VENTURE

Opinion

We have audited the financial statements of Oasis Children's Venture (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

OASIS CHILDREN'S VENTURE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OASIS CHILDREN'S VENTURE

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which our procedures are capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.

OASIS CHILDREN'S VENTURE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OASIS CHILDREN'S VENTURE

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Davis

Paul Davis (Senior Statutory Auditor)

For and on behalf of BGM Helmores Limited, Statutory Auditor Chartered Accountants 3rd Floor 114a Cromwell Road Kensington London SW7 4AG 17 November 2025

BGM Helmores Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

OASIS CHILDREN'S VENTURE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Current financial year
Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income and endowments from:
Donations and legacies
3
246,679
443,035
Charitable activities
4
709,922
-
Investments
5
578
-
Other income
6
1,306
-
Total income
958,485
443,035
Expenditure on:
Raising funds
7
27,930
-
Charitable activities
8
267,735
1,109,504
Total expenditure
295,665
1,109,504
Net income/(expenditure)
662,820
(666,469)
Transfers between funds
(666,469)
666,469
Net movement in funds
10
(3,649)
-
Reconciliation of funds:
Fund balances at 1 April 2024
304,552
-
Fund balances at 31 March 2025
300,903
-		 Total
2025
£
689,714
709,922
578
1,306
1,401,520
27,930
1,377,239
1,405,169
(3,649)
-
(3,649)
304,552
300,903		 Total
2024
£
575,824
622,930
518
1,525
1,200,797
22,800
1,173,884
1,196,684
4,113
-
4,113
300,439
304,552

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

OASIS CHILDREN'S VENTURE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Prior financial year
Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
68,636
507,188
Charitable activities
4
622,930
-
Investments
5
518
-
Other income
6
1,525
-
Total income
693,609
507,188
Expenditure on:
Raising funds
7
22,800
-
Charitable activities
8
244,031
929,853
Total expenditure
266,831
929,853
Net income/(expenditure)
426,778
(422,665)
Transfers between funds
(422,665)
422,665
Net movement in funds
10
4,113
-
Reconciliation of funds:
Fund balances at 1 April 2023
300,439
-
Fund balances at 31 March 2024
304,552
-		 Total
2024
£
575,824
622,930
518
1,525
1,200,797
22,800
1,173,884
1,196,684
4,113
-
4,113
300,439
304,552

OASIS CHILDREN'S VENTURE

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 14 74,517 97,155
Current assets
Debtors 15 137,440 168,399
Cash at bank and in hand 242,291 177,603
379,731 346,002
Creditors: amounts falling due within 16
one year (153,345) (138,605)
Net current assets 226,386 207,397
Total assets less current liabilities 300,903 304,552
The funds of the charity
Unrestricted funds 19 300,903 304,552
300,903 304,552

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 29 October 2025 The financial statements were approved by the trustees on . 24/{of20e Ss”

Lol ptcHee Mr Timothy Bowker Trustee Mir Timothy Bowker

[ Mr Harry Hughes-Davies

Mr Trustee Harry Hughes-Davies

OASIS CHILDREN'S VENTURE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
25
Investing activities
Investment income received
Net cash generated from investing activities
Net cash generated from financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
578		 £
64,110
578
-
64,688
177,603
242,291		 2024
£
518		 £
(42,943)
518
-
(42,425)
220,028
177,603

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Oasis Children's Venture is a private company limited by guarantee incorporated in England and Wales. The registered office is 33 Priory Grove, Stockwell, London, SW8 2PD, UK.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Donations, grants and gifts are recognised when the charity is legally entitled to them after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Where the charity benefits from the use of premises provided rent-free or at below-market rates by the local council as part of its service agreement, the value of the rental expense forgone is recognised as a donation in kind. In accordance with FRS 102 and the Charities SORP (FRS 102), the estimated market rental value of the premises for the period of occupation is recognised as both income (within “donations and legacies”) and a corresponding expense (within “charitable activities”) in the statement of financial activities. The valuation is based on market evidence or rates agreed with the council. This policy ensures that the financial statements reflect the full economic benefit received by the charity from such arrangements.

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

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. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Play structures Straight line basis over 10 years
Football pitch Straight line basis over 10 years
Adventure Playground building Straight line basis over 10 years
Walter Segal building Straight line basis over 20 years
High Dependency Unit Straight line basis over 10 years
Minbus Straight line basis over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12 Volunteers

The value of the services provided by volunteers is not incorporated into these financial statements.

2 Critical accounting estimates and judgements

In the application of the Oasis Children's Venture’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Grant income receivable

The charity receives grant income which cover a specific duration of time. Such grants are therefore spread over the time to which the grant has been allocated and funds utilised. Accordingly part of these grants may be deferred at the financial year end.

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

(Continued)

Allocation of support costs

The trustees have used judgement when allocating support and direct costs to its charitable activities based on specifically allocable costs and, in respect to salaries, on a time spent estimation basis.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Grants, donations and
gifts 246,679 443,035 689,714 68,636 507,188 575,824

Donated goods and services

Included within total donations for the year is £52,500 relating to a donation in kind arising from rent discharged as part of a service agreement with the landlord. This represents the estimated market value of premises provided to the charity rent-free (or at a reduced rate), which has been recognised as both income and expenditure in accordance with FRS 102 and the Charities SORP (FRS 102).

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Nature Garden
Bookings and membership income 197,507 203,805
Service contracts - London Borough of Lambeth 512,415 419,125
709,922 622,930

Under Section 37 of the Government and Housing Act, the Charity is required to report specifically on grants from London Councils. The note above shows the details of service contract income received from the London Borough of Lambeth; income from Lambeth Council provided as a grant is shown separately. All grants received from the London Borough of Lambeth had been fully spent by the year end. The funds were spent on providing play services.

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Income from investments

Interest receivable
6
Other income
Other income
7
Expenditure on raising funds
Fundraising and publicity
Fundraising and evaluation
8
Expenditure on charitable activities
Nature
Garden
Karting
Project
Adventure
Playground
2025
2025
2025
£
£
£
Direct costs
Share of support and governance costs (see note 9)
Support
172,717
156,911
402,244
Governance
-
-
172,717
156,911
402,244
Analysis by fund
Unrestricted funds
-
-
-
Restricted funds
172,717
156,911
402,244
172,717
156,911
402,244		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
578
518
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
1,306
1,525
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
27,930
22,800
Bolton
Crescent
Central
Admin
Total
2025
2025
2025
£
£
£
377,632
256,035
1,365,539
-
11,700
11,700
377,632
267,735
1,377,239
-
267,735
267,735
377,632
-
1,109,504
377,632
267,735
1,377,239		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
578
518
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
1,306
1,525
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
27,930
22,800
Bolton
Crescent
Central
Admin
Total
2025
2025
2025
£
£
£
377,632
256,035
1,365,539
-
11,700
11,700
377,632
267,735
1,377,239
-
267,735
267,735
377,632
-
1,109,504
377,632
267,735
1,377,239
Total
2025
£
1,365,539
11,700
1,377,239
267,735
1,109,504
1,377,239

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs allocated to activities

9
Support costs allocated to activities
Staff costs
Depreciation
Operating lease charges
Insurances
Telephone
Water
Postage and stationery
Project running costs
Minibus
Light and heat
Governance costs
Analysed between:
Nature Garden
Karting Project
Adventure Playground
Bolton Crescent
Central Admin
Governance costs comprise:
Audit fees
10
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 2025
£
1,047,821
22,638
52,500
26,622
3,606
5,257
1,309
184,037
5,610
16,139
11,700
1,377,239
172,717
156,911
402,244
377,632
267,735
1,377,239
2025
£
11,700
11,700
2025
£
11,700
22,638		 2024
£
912,037
22,638
-
22,868
3,559
1,759
1,205
170,912
2,415
24,191
12,300
1,173,884
146,033
141,417
333,520
308,883
244,031
1,173,884
2024
£
12,300
12,300
2024
£
12,300
22,638

11 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the company during the year.

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Employees

The average monthly number of full time equivalent employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
30
2025
£
985,465
48,846
13,510
1,047,821		 2024
Number
26
2024
£
851,212
47,844
12,981
912,037

The average number of employees (full time and part time) employed by the charity during the year was 77 (2024: 72).

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025 2024
£ £
Aggregate compensation 51,495 50,871

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Tangible fixed assets

High
Dependency
Unit
Play
Structures
£
£
Cost
At 1 April 2024
59,340
32,565
At 31 March 2025
59,340
32,565
Depreciation and impairment
At 1 April 2024
53,406
24,965
Depreciation charged in the year
5,934
1,900
At 31 March 2025
59,340
26,865
Carrying amount
At 31 March 2025
-
5,700
At 31 March 2024
5,934
7,600		 Minibus
Buildlings Football Pitch
£
£
£
33,701
237,633
63,470
33,701
237,633
63,470
33,701
179,400
38,082
-
8,457
6,347
33,701
187,857
44,429
-
49,776
19,041
-
58,233
25,388		 Total
£
426,709
426,709
329,554
22,638
352,192
74,517
97,155

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15 Debtors

Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
56,711
75,097
5,632
137,440		 2024
£
46,201
104,835
17,363
168,399

16 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
17
Other creditors
Accruals		 2025
£
21,740
84,666
4,559
42,380
153,345		 2024
£
18,331
107,974
-
12,300
138,605
17 Deferred income
2025 2024
£ £
Arising from Deferred grant funding 84,666 107,974

Grant income is deferred according to the grant period where a repayment term applies, or when otherwise agreed with the grant funder.

Deferred income is included in the financial statements as follows:

Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Net movement to the profit and loss
Deferred income at 31 March 2025		 2025
£
84,666
107,974
(23,308)
84,666		 2024
£
107,974
75,871
32,103
107,974

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 13,510 12,981

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

19 Unrestricted funds

Fixed Asset Fund

In accordance with Charities SORP FRS 102, the fixed assets of an organisation are considered to be not easily realisable and therefore should not be represented by general funds. The balance carried forward is equal to the year end net book value of fixed assets.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Fixed assets funds 97,155 - (22,638) - 74,517
General funds 207,397 958,485 (273,027) (666,469) 226,386
304,552 958,485 (295,665) (666,469) 300,903
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Fixed assets funds 119,793 - (22,638) - 97,155
General funds 180,646 693,609 (244,193) (422,665) 207,397
300,439 693,609 (266,831) (422,665) 304,552

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

The Karting Project operates a karting track which is available to local young people, where they can develop skills in driving, mentoring and volunteering.

The Nature Garden is an environmental project aimed at younger children. It offers forest school, environmental education, and food growing to children and the local community. It is available to groups from schools and nurseries, as well as individual children.

The Adventure Playground offers free play in a safe environment to children, and volunteering opportunities.

The Inclusion Project supports disabled children and young people, and enables them to participate in all the Oasis activities.

Some projects were not adequately financed by restricted grants. In these cases unrestricted funds have been used to subsidise the activity.

Nature Garden
Karting Project
Adventure Playground
Bolton Crescent
Previous year:
Nature Garden
Karting Project
Adventure Playground
Bolton Crescent		 At 1 April
2024
Incoming
resources
Resources
expended
£
£
£
-
56,047
(172,717)
-
132,466
(156,911)
-
185,667
(402,244)
-
68,855
(377,632)
-
443,035
(1,109,504)
At 1 April
2023
Incoming
resources
Resources
expended
£
£
£
-
110,169
(146,033)
-
84,756
(141,417)
-
234,963
(333,520)
-
77,300
(308,883)
-
507,188
(929,853)		 Transfers
At 31 March
2025
£
£
116,670
-
24,445
-
216,577
-
308,777
-
666,469
-
Transfers
At 31 March
2024
£
£
35,864
-
56,661
-
98,557
-
231,583
-
422,665
-

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

21 Analysis of net assets between funds

Unrestricted
funds
2025
£
At 31 March 2025:
Tangible assets 74,517
Current assets/(liabilities) 226,386
300,903
Unrestricted
funds
2024
£
At 31 March 2024:
Tangible assets 97,155
Current assets/(liabilities) 207,397
304,552

22 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2025
£
52,500
67,500
11,500
131,500		 2024
£
52,500
109,000
22,500
184,000

23 Contingent liabilities

The trustees are not aware of any contingent liabilities.

24 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

OASIS CHILDREN'S VENTURE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

25
Cash generated from/(absorbed by) operations
(Deficit)/surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
(Decrease)/increase in deferred income
Cash generated from/(absorbed by) operations		 2025
2024
£
£
(3,649)
4,113
(578)
(518)
22,638
22,638
30,959
(102,609)
38,048
1,330
(23,308)
32,103
64,110
(42,943)