OASIS COMM NITY TRusr FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024 CHARttY REGIsfRATION NUMBER 1029128 salm131. Bank: HSBC 105 Mount Pleasant Tunbridge Wells Kent TNI IQP Independent Examiner: SJ(D££qI(DAVI£s of co cfiarteredjccountants 3 £nterpnse Ylouse 8 £sse[ QloaLI Q)artfor£t ent (DJI 2JU
INDEPENDE EXAMINER'S REPORT TO THE TRUSTEES OF OASIS COMMUNITY TRUST I report on the accounts of the Trust for the year ended 31" March 2024, which are set out on pages I to5. Respective responsibilities of the trustees and examiner The charity, s trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) or under Regulation 10(1 )(d) of the Charities Accounts (Scotland) Regulations 2006 (the 2006 Accounts Regulations) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act 201 l and section 44{1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act) to follow the procedures laid do} in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance M'ith the general Directions given by the Charity Commission and is in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosuS in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt, and consequently no opinion Is given as to whether the accounts present a 'ttrue and fair view, and the report is limited to those matters sel out in the statement below. Independent examiner's ststement In connection with my examination, no matter has come to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 201 l Act and section 44 (l )(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and to ppare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be r¢ached. Name: GEJ SADLER FCA Sadler Davies & Co Chartered Accountants 3 Enterprise House 8 Essex Road Dartford Kent DAI 2AU Date: 23rd August 2024
OA51S COMMUNITY TRUST ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" MARCH 2024 CHARIT< NUMBER 1029128 Oasls Communlty Trust was constituted by Trust Deed made on 24 November 1993. The Trust has been registered with the Charity Commission and its registration number is 1029128. The principal office is currently registered at Sadler Davies & Co. Trustees: Mrs. Carol Demuth {Treasurer resigned 1410412023), Mrs. Anne Lott, Mr. Timothy Paternoster, Mrs. Susan Corbett (Secretary), Mrs. Jacquetta Magloire, Mr. Peter Stanley, Mr. Simon Colenutt (Treasurer appointed 14104/20231 Objects of the Charity Beryl and Joyce continue to reside at the rented 2-bedroom bungalow in Petts Wood near Orpington Kent. The work of the trust, which is the proclamation of the fullness of the Gospel, continued to be achieved as Beryl's writin& publishing, teaching and rnentoring continued throughout the year, face to face and online. She continues to meet a number of local church leaders as well as some congregations, including a group of young men from one particular congregation, and a nurnber of individuals. Joyce is still attending to the needs of those who visit their home. Not many days go by without someone calling. The work continues to grow with requests for input coming all the time. together with contacts and mentees from every denomination across the UK and further afield. Beryl is working on having a further 5+ books be put into print form. The Oasis website www.soverei nministries.co.uk is the primary platform for all of the resources presented by the trust. These include audio teachings, downloadable teaching notes. links through to the books, and to video teachings, as well as information about the Trust's work. Books are sold through Amazon Iprint-on- demand). videos through the YouTube channel. and there is a Facebook page which outputs regular daily teachings. Public benefit When planning our activities for the year the Trustees have considered the Commission's guidance on public benefit and in particular the specific guidance on charities for the advancement of religion. In particular we try to enable ordinary people to live out their faith in the communities where they live, through teaching, prayer and worship. The Trustee5 are committed to enabling as many people as possible to take advantage of the teaching5, learning more about the Gospel and developing their relationship with God. Risk revlew The Trustees have conducted their own review of the major risks to which the Charity is exposed and systems have been established to mitigate those risks.
OASIS COMMUNITY TRUST ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024 CHARITY NUMBER 1029128 Financial report The income of the Trust exceeded expenditure, giving a surplus of £208.8912023 surplus £11,922.96) for the year. The property at Petts Wood required a deposit of £2.077 lodged with the Deposit Protection Scheme, and the monthly rent is £1,800 a month. Income from donations decreased this year by £3.188. There are a few long-term regular donors supporting the work of Beryl and Joyce. The trustees are mindful of the need to keep in general reserve, a total equal to expenditure for three months. Trustees. responsibilities The trustees are required under the Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the charity's financial artivities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: (a) Select suitable accounting policies and apply them consistently. (b) Make suitable judgements and estimates that are reasonable and prudent. {cl State whether applicable accounting standards of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records, which enable them to disclose with reasonable accuracy the financial position of the charity, and for ensuring that they comply with applicable13w and regulations. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. (d) Signed on behalf of the Board of Trustees Simon Colenutt Treasurer to the Trustees 6 June 2024.
OASIS COMMUNITY TRUST CHAR1 NUMBER 1029128 STATEMENT OF FINANCIAL ACTivrriE ARCH 20 Income from: Donations and legacitsa Charttat>t8 kai¥ilh8 Total 31,813.11 406.83 32.219 94 31.813.11 35.(XJ1.35 643.19 35.644.54 32.219.94 Expendire on." Chaiilablè Adibi 31370.42 31.670.42 23,386.43 &35 1S 23,721.58 Totsl 32.011.05 32,011.05 Net Inconx and Expendituw• Total Funds brought foThArd 11,922.96 26,970.67 2&970.67 ISm7.71 Total Funds carrled foThrnrd £27,179.56 £0.00 £27,179.56 £26,970.67 ENT OF ASSETS & LIABI AS AT 31 MARCH 2024 5,013.42 22 27,579.56 62H.92 27J70.67 É 27 IP).56 970.67 27,179.$6 1Sm7.71 T¢knl FuTh15 £ 27 179.$6 £ 15 MR T PATERN05reR. CHAIR 1/9 /2
Asis c NITY TR CHARfTY NUMBER 1029128 Notss to th• accounts FOR THE YEAR T 1 MARCH 2024 ACCOUNTING Basis ol ac¢ounting.' These accounts hove been prepared under the historical cost convention basis and in la occortjance with the applicable accounting stsndards and Ststement of Recommended Practice- FRS102 and the Charities Act 2011. Ib Capitalisation and Depredatlon of Fixed Assets: There are no assets with an economi¢ life of more than one year. 1¢ Value Added Tax: The irreco¥erable element of VAT15 included within the item of expenses to which it relates. Income recognition and resources expended: Voluntary income is recesved by way of donations and Is Id included when received. Sales of Ebook5 and printed book5 is recognised when received. Expenditure is included when incLtrred. tsi Ineornin Resourcès 2a Donations and legacies tnati5 Recty¥ed under grft all HMRC refund cm grt ahled donab.cfs [ati$ receNed bc#)k publi(3tirii coas Donab"ons ReCad IL746.(X) 2.936.YJ 11.746.OJ 1936.50 16,6T2. 4,168.CK) 1,150.Tr) 13011.35 35 001.35 17 IXI.61 31813.11 17 IXI.61 31813.11 2b Charltsble ALtivitlas Time OL%r days and mentffing E-Book saleslrcryaf(ies via Amazon k sale5 via Paypal ar in per5 63.83 343.(Kl 63.83 343. 63.41 S.78 4C6.83 643.19 TOTAL INCOME Rtsour¢tt Ex nded 3a On the objects of the Charity- ideAtial Costs.. Fkgekeepin9 Rt Water RAte5 Council Tax "ght & Heat Rq)airs & Mantaw trbx5ekeep1ntyRatrethnts Storage and Removal ¢osts Tetephone rental, calls, broadbarJ Teaching resojr Poage, Printing & & rjjw offio cc6ts EtM)ok prrxlllcb c(&s 5UPPryt and wthite charItab dati)S male Paypal charges 21,6(KI.) 275.29 2.251.57 1,026.09 411.52 21,6(Kl. 275.29 1251.57 1,026.09 411.52 88.80 I2,3.[1 9.10 (35.61) 1512.28 5.774.40 268.21 96.62 624.99 557.66 1.422.19 I,3.60 7CQ.71 I,(*JO.C¥J 557.66 L422.19 1,603.60 .71 l,l.£ 1.613.40 31570.42 31570.42 3b On oth•r ar•as: Independent Exansnerfs Fe 6•k charyes 268.IXI 67.15 335.15 74.63 440.63 74.63 440.63 TOTAL EXPENDTWRE 32 011.05 23 721.58 T(tsl IrKome less eXpditre 208.89 11922.96
OASIS COMMUNITY TRUST CHARTTY NUMBER 1029128 otes to the accounts FOR THE YEAR TO 31 MARCH 2024 Income Tax recoverable IM Grft A•J Rent dep 2,936.50 2 076.92 5 Ot3.42 4,168.00 2 076.92 Indepwdent Exaniners 400.00 400.00 400.00 400.CKI There are no restritted funds 7 No remuneratic was paid no exse5 re Ir1rr to Tn&ees durir#J Ihe year. Income Fs reoyjnised Ni the year cl Sa èFKI exFeTrJiture in the year of expere. AJI a published via Arnaz as e-iMx)ks. Books for Pn.n Ministy have been PWFnted and distributed in 2023, cost of whKh has been pahj, (red by donaticS received in 2021.