Oosls
Chlldcqre Centre
Ludgvan Community Childcare Centre Limited
Registered Charity Number 1057410
Registered Company Number 3180353
Trustees, Report and Financial Statements
3 1st December 2023
Charity Reg.. 1057410 Ofsted Reg.. Ludgvan 103172, Marazion 2496718
Company Reg.. 03180353

CONTENTS
Page
Trustees, report
Reference and administrative details
Structur¢, governance and management
Objectives and activities
Review of achievements public benefit for the year
Financial review and results for the year
Reserves policy
12
Investment policy
12
Plans for future years
13
Statement of Trustees, responsibilities
14
Ststement of disclosure to examiner
15
Independent Examiner's report
16
Statement of financial activities
17
Balance sheet
18
Statement of cash flows
19
Notes to the fmancial statements
20-28

TRUSTEES, REPORT
For the year to 31st December 2023
The trustees are pleas¢d to present their report together with the financial statements of Ludgvan
Community Childcare Centre Ltd ("Oasis") for the year to 31" December 2023 and can conf￿￿
that the latter comply with the requircmcnts of the Charities SORP (FRS 102).
The financial statements have been prepared in accordance with the accounting policies set out in
note I to the financial statements and comply with the Charities Act 2011 and "Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing th¢ir
accounts in accordance wkth the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102).,

Refei'ence and Administrative Details
Registercd name
Charity registration number
Company registration number
Ofsted registration numbers
Ludgvan Community Childcare Centre Limited
1057410
03180353
103172 (Ludgvan)
2496718 (Marazion)
Trustees
The Trustees at 31 December 2023
Zoe Curnow
Mark Fletcher
Juliette George
Joanne Laity
Rev Canon Nigel Marns
Sarah Oliver
Caroline Peers
Richard Sargeant
Linda Taylor
Lorna Trudgeon
There are no committees or subcommittees of the Trustees.
Senior Management Team
Senior Centre Manager
Senior Deputy Manager
Senior Deputy Manager
Lorna Trudgeon
Juliette George
Briony Sedgeman
The principal and operating address of the charity:
The Oasis Childcare Centre.
Lower Quarters,
Ludgvan,
Penzance,
Cornwall TR20 8EX
www.oasischildcare.org.uk

Bankers
Barcloys,
819 Market Jew Street,
Penzance,
Cornwall TR18 2TN.
HSBC
l Greenmarket.
Penzance,
Cornwall TR18 2SD.
Independent Examiner
Neil Hallam FCCA
Crane & Johp7Ston Chartered Certified Accountants
I l Alverton Terrace,
Pcnzance,
Comwall TR18 4JH.
Solicitors
Tozers
Broadwalk House,
Southernhay West.
Exeter,
Devon EXI IUA

Structiire, Governance and Management
Governing Instrument
The charity, which is a company limited by guarantee, is governcd by its Memorandum of
Association and Articles amended 2. May 2013.
Recruitment and induction of trustees
As set out in the Articles of Association, the management committee consists of not less than five
or more than twelve persons, all of whom are trustees. Following a skills audit, trustees are sought
whose skills, knowledgc and experience are relevant to the administration of the charity and
complement the skills of the existing trustees.
Trustees are nominated and elected arAnually by the members of the charitable company attending
the Annual General Meeting and serve for a period of three years.
New trustees must be appointed by resolution at a properly convened meeting of the charity
trustees. Trustees on appointment are given:
A copy of the Charity Commission's publication "The Essential Trustee: What you need to
know"
A copy of 'Keeping Children Safe in Education,
A copy of the company's latest Trustees, Annual Report and ststement of Accounts
A copy of the minutes of recent meetings
A copy of 'Oasis Management Committee Info,
Current year's action plans
They are then given a tour of the centres and meet the management team. Trustees are also
encouraged to attend appropriate external training courses where these will facilitate the
undertaking of their role, particularly including safeguarding and Keeping Safe in Education.
Organisation
The trustees work as a management committee to forn]ulate policy and arc responsible for the
administration of the charity.
Operational control is delegated to the Senior Centre Manager. The rest of the managcmcnt team
report to her.

Risk Management
The trustees have assessed the major risks to which Oasis is currently exposed, in particular those
relating to its finances and its operations (including health and safety) and they are satisfied that
systems are in place to monitor and mitigate Oasis, exposure to such risks. They are also satisfied
that a robust procedure is in placc for identifying and evaluating the risks associated with new areas
of activity.
All policies are reviewed annually by the Senior Centre Manager in consultation with parents, staff
and trustecs.
The most significant risks identified in 2023 are:
Continuing to be able to offer an outstanding level of learrLing and opportunities to all
children in our centres given the financial constraints inherent within early years education at
the current time.
Continuing to generating sufficient income to meet the rising costs due to the increase in
National Living Wage and overhead costs given a substantial proportion of income is grnnt
funding.
Loss or com]ption of IT data.

Objectives & Activities
Charitable objects
The objects of the charity are to:
Advance thc education of children from the age of three months to fourteen years old, through
the provision of safe and stimulating play and recreation facilities.
Provide Childcare Centres to promote th¢ benefit of the inhabitants of west Cornwall by the
provision of facilities in the interests of social welfare for the recreation and leisure time
occupation with the object of improving the conditions of life for the said inhabitants.
The trustees are granted wid¢ powers to achieve these objects, which are set out in the Articles.
Inter alia these relate to:
Purchase, lease or acquire property
Manage education establishments
Receive donations towards promotion of the objects
Borrow money
Aims and intended impact
In outline, the aims of Oasis are to value all children as unique individuals. We endeavour to
provide a safe, stimulating learning environment that promotes the concept of 'lifelong learning,
and enables children to learn and develop to their full potential.
We foster a love of learning for all. encouraging adults and children to work together and develop a
sense of wonder, excitement and enthusiasm through different learning experiences.
We strive to generate and retain sufficient funds to achieve our aims in a sustainable manner.
Objectives for the year
The objectives for the year were to continue working towards achievement of the charity's aims.

Strategies to achieve the year's objecttves
Two centres were operated. a year-round centre in Ludgvan and a terni time only centre in
Marazion.
Promotion of the provision was arranged to attract sufficient families to the centres.
Funding was secured for all children who were entitled to receive funded childcare.
A programme of repairs and developments was carried through.
Phased budgets were set to monitor ac]]ievcm¢nt month by month.
Principal activities of the year
The principal activities of Oasis were to:
a) Provide high quality childcare and education to all children in both centres.
b) Ensure transitÈon for all children is as smooth as possible, both within the age groups in the
centrcs and also when they move on from our centres into local primary schools.
c) Provide support to the wider families engaged in the centres.
d) Recruit and train sufficient staff to operate the centres to the highest possible quality.
Work with the Cornwall Early Years team to promote best practice in other nurseries across
Cornwall.
Revenue came from funding from the government and fees charged to parents.
Accountants
A resolution to appoint Crane & Johnston Chartered Certified Accountants as reporting accountants
will be proposed at the AGM.

Revieiv of Achievements & Publlc Benefit for 2023
The trustees have referred to the Charity Conunission's general guidance on public benefit and in
particular to its supplementary public benefit guidance on advancing education when reviewing the
aims and objectives and in planning future activities.
During 2023 outstanding opportunities continued to be provided to promote a high-quality learning
culture.
Numbers of children on roll, across the age ranges, are excellent and we continue to grow from
strength to strength (Ludgvan role 202, Marazion role 59). More importantly we continue to
maintain our outstanding quality of care and education and therefore provide improved outcomes
for the chÈldren that attend Oasis.
Sadly we currently have a large nurnber of families on our waitÉng lists for both settings. We are
supporting as many families as possible to consider places at both Marazion and Ludgvan Oasis
Centres.
As Oasis continues to strive to improve, many changes have takeD place in the last 12 months.
Key achievements during 2023 were:
Provision of Forest school sessions across both centres led by a company called Heart of the
Woods based in Cubit Woods in Carbis Bay. All activities were linked to the Early Years
Foundation Stage (EYFS) Framework, with a focus on well-being through a nature-based
learning environment, promoting social interactions, developing life skills, making choices and
child-led play and exploration. Children were given opportunities to participate in real-life
experiences and encounter wildlife, which provided inspirational Icarning opportunities and
memories. These l¢arning experiences were also linked to the Oasis onsite growing project and
the children's individual interest.
2. Regular music and dance sessions were held with MADE to enable all children across the age
ranges, across both centres, to explore the arts including a visit to the Minack Theatre for both
centres.
3. Monthly visits with Canon Nigel to share stories, support children's personal and social
development, increasing their understanding of the world in which we live and develop their
communication and language skills through singing.
4, Members of the management team have continued to work alongside Ludgvan School and
other local Primary Schools to fully embed Read, Write, Inc. phonics training.
5. Management staff have also worked closely with many Reception Class teachers from different
schools to observe their sessions. reflect upon/monitor practice. This enabled constructive
feedback to ensure everyone is working together to build solid foundations from which the
children will continue to learn and develop their skills and to support the children with early
literacy skills. These training opportunities have been truly inspirational in supporting staffs
confidence to better support children's early reading skills.
6. Leading the way, 2023 has been another successful year for Oasis in gaining 'The Seven Steps
to Gre¢n Flag Success, to achieve Eco Friendly Status across both settings. We held an Eco
staff mccting and established an Eco Committee that consists of staff, children, and con]munity

volunteers. The Eco Committe¢ worked together to conduct an Environmental Review of our
settings and to compile an Action Plan of new activities, procedures, and practices to introduce
andlor work towards to promote the impact of climate change as part of our CU￿1culllrn.
7. The Oasis Manager securcd a role with the Department of Education 'Expert Role, as part of
the governments 'DfE early years COVID-19 recovery programme, which offers leadership
support, coaching and mentoring to other settings. This was also an opportLmity for the
Manager to grow and develop her own practice and role.
8. Oasis has continued to embed effective systems for supervision across both centres with
continuous professional dcv¢lopment for all staff enhanced.
9. The Oasis Manager continued to volunteer time to work alongside other educational providers
to enhance outcomes for children and their families such as home-learning strategies, free-
flow, parental involvement, Ofsted readiness, providing a rich learning environment to promote
communication, committee roles and responsibilities, funding, safeguarding procedures.
implementing changes in legislation, staff recruitmentlinterviews, cohort tracking, policies and
procedures, learning and development, outdoor play, observation. assessment and planning,
transition and learning journals, developing a qualified workforce, SEN Provision and support,
funding grants, finances and improving upon sustainability.
l O. A library has been created in the reception area of the Ludgvan Centre. It is continually used by
children and their families. A similar space is planned for the Marazion Centre in 2024.
10

Financial review and results for the year
a) The detailed results are set out on pages 17 to 28 and show net movement in funds for the
year of £57,120 (2022.. £34, 769, 2021.. £8,506).
b) Income from charitable activities was £811,332 against £680.571 in 2022.
c) During 2023, £755,635 (2022.. £643, 882) was spcnt dclivering the charitable activities. As in
previous years, the majority (79 % in 2023, 80 % in 2022) of this was spent on wages. Thcre is
full detail of this expenditure on page 24.
d) The trustees conflrni the availability of assets to fulfil the obligations of the charity without
recourse to bO￿owing.
e) Donations including match funding totalled £3,002 (2022.. £4, 488). The trustees thank those
who made donations or fund raised on behalf of Oasis in 2023 and particularly thank the
whole staff team who did the sponsored walk in December.

Reserves policy
All Oasis, income has been used in pursuance of its objectives as set out above.
Reserves retained in cash and cash equivalents at the year-end are required to manag¢ the cash flow
needs of Oasis over a year and to cover unexpected expenditure.
It is the trustees, view that it is prudent to ensure that there are sufficient rcserv¢s to cover at least
three months running costs which are approximately £200,000. Unrestricted funds at 31, December
2023 were £212,239 (2022.. £155, 119).
The trustees plan to maintain this reserve in line with infiation at an appropriate rate for the charity.
This will be mainly driven by the infiationary increase in the National Living Wage which was
9.8 % from 2022 to 2023.
The trustees have reviewed the circumstances of Oasis and consider that adequate resources
continue to be available to fund the activities.
Investment policy
The trustees are entitled to place funds in any kind of investments that they see fit.
The current policy of the trustees is to hold surplus funds on short tenn deposit, applying the
income generated to charitable purposes for which the funds are intended.
Investments generated £20 (2022.. £31) interest receivable for the year.
12

Plans for fiitiire years
Oasis plans to continue to provide a safe, stimulating learning environment that promotes the
concept of 'lifelong learning, and enables children to learn and develop to their full potential.
Specifically, the centr¢s will:
Work towards reconunendations from Trustee monitoring visits to further develop parent
partnerships, transition, safeguarding, special educational needs and learning and development.
2. Continue to network and provide support for other Early Years settings in the immediate and
wider community, particularly those who are struggling fmancially.
3. Work towards becoming an accredited training centre to support and share practice with other
professionals.
4. Work alongside Cornwall Council and Truro and Penwith College to share good practice to
support other Early Years scttings in the imrnediate and wider comjnunity.
Work closely with Ludgvan School to support with the development of Ludgvan Community
Centre and to explore possible options for the future use of the venue, such as training events,
fundraising events, Christmas perforn]ances, special events/celebrations, parent groups, and
development of a community hub.
6. Continue to effectively embed updates in legislation and welfare requirements. Amend policies,
procedures. and practice in line with changes in legislation.
7. Continue to support vulnerable children and their families within our local and wider
community.
8. Continue to attend specific training to support individual needs of children and families who
attend the settings.
Create a library in the reception area of both setting to include a wide range of books across the
age ranges to enable parents to freely choose books on a daily basis with their child.
l O. Continue to adapt the outdoor play area in line with the children's interests and needs.
I l. Support staff in their fundraising efforts to support the setting financially and to also create new
staff challenges to positively impact upon staff bonding and well-being.
12. Continue thinking outside the box to access a wide range of free equipment and resources to
support the children's learning and development and maintain a sustainable setting.
13. Operate in a financially sustainablc way to protect the charity in future years.
13

Statement of Trustees, responsibilities
The trustees, who are also the directors of Ludgvan Community Childcare Centre Ltd for the
purposes of company law. are responsible for preparing the Trustees, Report and thc 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. Under
company law, th¢ trustees must not approve the financial statements unless they 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 expenditur¢, of the clwitable company for that year.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP 2019 (FRS 102).
- make judgements and estimates that are reasonable and prudent:
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the fmancial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the fu￿nCIal position of the charity and enable them to ensure that the
fmancial 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.
14

Statement of disclosure to examiner
So far as the trustees are aware, there is no relevant inforniation of which the charity's independent
examiner is unaware. Additionally, the trustees hav¢ taken all the necessary steps that they ought to
have taken as trustees in order to make themselves aware of all relevant information and to establish
that the charity's independent examiner arc aware of that information.
By order of the trustees:_
Zoe Curnow
For and on behalf of the trustees
The Oasis ChiIdcare Centre,
Lower Quarters,
Ludgvan,
Penzance,
Cornwall TR20 8EX
4 July 2024
15

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE LUDGVAN COMMUNITY
CHILDCARE CENTRE LIMITED
I report to the charity trustees on my examination of the accounts of the company for the year ended
st
31 December 2023 which are set out on pages 17 to 28.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your company's accounts as carricd out under section 145 of the Charities Act 2011
('the 2011 Act,). In carrying out my examination I have followed the Directions given by the
Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the company, s gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 201 l Act. I confirm that l am qualified to urAdertake the examination
because I atn a membcr of the Association of Chartered Certified Accountants in England and
Wales which is one of the listed bodies.
I have completed my examination. I confirn] that no matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the
2006 Act. or
the accounts do not accord with those records" or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view, which is not a matter
considered as part of an independent examination. or
the accounts have not been prepared in accordanc¢ with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Neil Hallam FCCA
Crane & Johnston
I l Alverton Terrace, Penzance TRI 8 4JH
th
18 July 2024

STATEMENT OF FINANCIAL ACTIVITIES
Incoiporatinir tlie inconie 1c nd eipenditiii"e account fr'or the year elided J I, Deceinbei. 202J
2023
2022
Unrestricted
Restricted
Total
Total
Income and endowments from:
Not¢
Cbaritable activities
Donations and legacies
811.332
3,002
811,332
3,002
680,571
4,488
814,334
814,334
685,059
tnvestment income
20
20
Other income
2,648
2,648
Total
817.002
817,002
685,090
Expenditure on:
Charitable activities
Charitable activities
Governance
755,635
4,247
755,635
4.247
643.882
6,439
Total
759,882
759,882
650.321
Net income for year
57.120
57,120
34,769
Transfers between funds
Net movement in funds
57,120
57,120
34,769
Total funds brought foTward
155,119
155,119
120,350
Total funds carried forward
212,239
212,239
155,119
5t
There were no acquisitions or discontinued activities in the year to 31 December 2023 or the year to
31" December 2022.
The charity has no recognised gains OT losses in the year other than the net income &s shown above.

BALANCE SHEET
1131 Dec'enibei. 2023
2023
2022
Fixed assets
Tangible assets
Iyote
14
Current assets
Debtors
C&sh in hand and at bank
15
36,330
197.313
25.992
144,088
233,643
170,080
Creditors
Amounts falling due within one y
16
(21.404)
(14,961)
Net current assets
212.239
155,119
Total assets less current liabilities
212,239
155,119
Funds
Designated capital fund
Unrestricted gen￿al fijnd
18
212,239
155,119
Total funds
212,239
155,119
The company is entitled to the exernption from the audit requirement contained in section 477 of
the Companies Act 2006, for the year ended 31 December 2023.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting
records which comply with section 386 of the Act and for preparing financial statements which give
a true and fair view of the state of affairs of the company as at the end of the fllyancial year and of
its incoming resources and application of resources, including its income and expenditure, for the
financial year in accordance with the requirements of sections 394 and 395 and which otherwise
comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.
The members have not required the company to obtain an audit of its fmancial statements 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.
These fmancial statements were approved and authorised for issue by the Trustees on 4 July 2024.
Zoe Curnoiy
For and on behalf of the Trustees
Company number: 03180353

STATEMENT OF CASH FLOWS
cil 31 DecembL'I' 2023
2023
2022
Cash flow from operaling activities
53,205
38,399
Cash flow from investing activitie5
Investhient income
20
31
20
31
Net ehange in cash and Cash equivalents
53,225
38,430
Cash and cash equivalenls at the start of the year
144,088
105,658
Cash and cash equivalents at the end of the year
197.313
144.088
Reconciliation of net income to casb flow from operating activities
2023
2022
Net income for the year
57,120
34,769
Adjusted for:
Fixed asset depreclation
Investment income
204
(20)
(10.338)
(31)
(1,710)
5,167
Movement in debtors
Movement in creditors
6,443
Cash flow from operating activities
53.205
38,399
19

NOTES
(fui"177in(T
pLiI'I uf ihefincincicil slalemenls)
Summary of significant accounting policies
l. l General information and basis ofprepara¢ion
The Ludgvan Community Childcare Centre Limited is a company limited by guarantee and
a charity, registered in England. The address of the registered offLC¢ is given in the charity
information on page 3 of thesc financial statements. The nature of the company's
operations and principal activities are outlined on pages 7 and 8.
The company constitutcs a public benefit entity as defined by FRS 102. The financial
statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their financial
statements in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted
Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost
convention. The financial statements are presented in sterling which is the functional
currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements
are set out below. These policies have been consistently applied to all years presented
unless otherwise stated.
1.2 Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the
general objectives of the charity and which have not been designated for other purposes.
Restricted funds are grants that are given for a specific project.
1. 3 Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when
the company is legally entitled to the income after any perforniance conditions have been
met. the amount can be measured reliably and it is probable that the income will be
received.
For donations to be recognlsed the company will have been notified of the amounts and the
settlement date in writing. If there are conditions attached to the donation and this requires a
level of perforniance before entitlement can be obtained then income is deferred until those
conditions are fully met or the fulfilment of those conditions is within the control of the
charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair
value when their economic benefit is probable, it can be measured reliably and the company
has control over the item. Fair value is deterniined on the basis of the value of the gift to the
company. For cxample the amount the company would be willing to pay in the open market
for such facilities and services. A corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP
(FRS 102).
20

The company receives government ￿allt5 towards its core charitable activity.
Investment income is earned through holding assets for investment purposes. It includes
interest. Interest income is recognised using the effective interest method.
Other income includes income from the feed in tariff on solar panels.
1. 4 Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the category. Expenditure is recognised wherc there is a
legal or constructive oblÈgation to make payments to third parties, it is probable that the
settlement will be required and the amount of the obligation can be measured reliably.
1. 5 Support costs allocation
Support costs are those that assist the work of the COTnpany, but do not directly represent
charitable activities and include office costs, governance costs and administrative payroll
costs. They are incurred directly in support of expenditurc on the objects of the company.
Where support costs cannot bc directly attributed to particular headings they have been
allocated to cost of raising fijnds and ¢xpenditure on charitabl¢ activities on a basis
consistent with use of the resources.
1. 6 Tangiblefixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated
depreciation and accumulated impairn]ent losses. Cost includes costs directly attributable
to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cosL
less estimated residual value, of each asset on a systematic basis over its expected useful
life. All assets are currently depreciated over four y¢ars.
1. 7 Investments
Cu￿ent asset investments are short terni highly liquid investments and are held at fair value.
These include cash on deposit.
1. 8 Debtors and creditors receivable /payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year
are recorded at transaction price. Any losses arising from impairnient are recognised in
expenditure.
1. 9 Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be
impaired at each balance sheet date. If such indication exists, the recoverable amount of the
asset, or the asset's cash generating unit, is estimated and compared to the carrying amount.
Where the carrying amount exceeds its recoverable amount, an impairment loss is
recognised in profit or loss.
I. 10 Provisions
Provisions are recogniscd when the company has an obligation at the balance sheet date as a
result of a past event, it is probable that an outflow of economic benefits will be required in
settlement and the amount can be reliably estimated.
l. 11 Leases
Assets acquircd under fmance leases are capitslised and depreciated over the shorter of the
lease temi and the expected useful life of the asset. Minimum lease payments are
21

apportioned between the finance charge and the reduction of the outstanding lease liability
using the effective interest method. The related obligations, net of ￿tUre finance charges,
are included in creditors.
Rentals payable and receivable under opcrating leases are charged to the SOFA on a straight
line basis ovcr th¢ period of the lease.
1. 12 Employee benefits
When employees have rendered service to the company, short-terni employc¢ benefits to
which the employees are entitled are recognised at thc undiscounted amount expected to be
paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees.
Contributions are expensed as they become payable.
1.13 TcLr
The company is a registered charity and is exempt from corporation tax.
1. 14 Going concern
The financial statements have been prepared on a going concern basis as the trustees believe
that no material uncertainties exist. The trustees have considered the level of funds held and
the expected level of income and expenditure for 12 months from authorising these
financial statements. The budgeted income and expenditure is sufficient with the level of
reserves for the charity to be able to continue as a going concern.
1. 15 Judgements and key sources ofestimation uncertainty
In the application of the company's accounting policies, the trustees are required to make
judgemcnts, 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 year in which the estimate is revised where the revision only affects that
year, or in the year of the revision and future years where the revision affects both current
and future years.
22

Income from charitable activities
2023
2022
Total
Unrestricted Restricted
Total
Fees for child(2re provision
Funding for core provision
Grant Funding: Job Retention Sthane
454,313
357.019
454,313
357,019
332,932
346,811
828
811,332
811.332
680,571
2022
680,571
680,571
Income from donations and fundraising
2023
Total
2022
Unrtstricted
Donations
Fundraising
119
2,883
73
4,415
3,002
4,488
Investment income
2023
Total
2022
Unr&trKcted
Bank interest
20
31
20
Other income
2023
2022
Totsl
Unrestricted
Income from feed in tsriff
2.225
423
Sundry income
2.648
23

Expenditure on charitable activities
2023
2022
Total
Un ￿tricted
Restricted
Tolal
Wages
Training
Dkrect costs of providing childcare
Repairs and maintenance
Utilities
596,946
2,516
48.443
51,854
16,281
5.065
14,794
60
6,748
4,630
4,434
169
3,695
596.946
2,516
48.443
51,854
16,281
5,065
14,794
60
6.748
4,630
4,434
169
3,695
515,472
1,839
41,521
33,075
12,623
6,788
14,816
73
5,905
4,352
3,754
205
3,255
204
Cleoning
Advertising
Insurdnce
Telephone and broadband
Stationery and postage
Bank charges
Miscelloneous
Depreciation
755,635
755,635
643,882
2022
fv13,882
643,882
Governance costs
2023
Total
2022
Unrestricted
Legal & Profrssional
Independent ex￿InatIon
2,447
1.800
4,219
2.220
4.247
6.439
24

Net ineome for the year
This is stated after charging:
2023
Total
2022
Total
Independent examination
Depreciation
1,800
2,220
204
Analysis of staff costs and the cost of key management personnel
The average number of employees in 2023 was 29 (2022.. 29). There were no employees
whose total remuneration exceeded £60,000 during the reporting year (2022.. ni4.
2023
2022
Wages
Social security costs
Pension costs
546,292
35,111
15,543
481,078
21.021
13,373
596,946
515.472
The charity contributes to a defined contribution pension scheme. The pensÉon cost charge
for the year rcpresents contributions payable by the charity to the fund and amounted to
£15,543 (2022.. £13, 3 73). There were no outstanding contributions at the year-end (2022..
niD.
The total employee benefits of key management personnel for the group was £127,571
(2022. £142,267).
10. Trustee remuneration and expenses
Two Trustees, Lorna Trudgeon (Senior Centre Manager) and Juliette George (Deputy
Centre Manager) are members of the key management personnel group. Their combined
remuneration for 2023 was £80.365, plus £8,580 in employer's Nl and £2,411 in employer
pension contributions.
The above remuneration is allowed in accordance with the charity's Memorandum &
Articles of Association.
Sarah Oliver (Trustee) has received £1,192 (2022.. £2,422) from the charity for fmancial
management services.
No other Trustee has claimed expenses in 2023 (2022.. nil).
25

11. Related party transactions
There were no related paty transactions in 2023 or 2022 other than those disclosed in note
10.
12. Governnient grants
Income from government grants comprises grants made from Cornwall Council, the local
authority, towards the cost of childcare in line with government policy. This amount was
£357,019 in 2023 (2022.. £346,811).
13. Corporation taxation
Oasis is a registered charity and the results of Its normal activities are not liable to
Co￿)0ratiOn Tax.
14. Tangible r￿ed assets
Fixtures &
Fittings
Cost
At I st January and 3 1st December 2023
11.968
Depreciation
At I st January 2023
Disposals
Charge for the year
11,968
At 31st December 2023
11,968
Net book value
At 31st December 2023
At 31 st December 2022
All the tangible fixed assets are used for direct charitable purposes. Only those with a value
of £ 1,000 or more will be capitalised in fijture years.
26

15. Debtors
2023
Totsl
2022
Total
Income due for outstanding f
Prepaid expenditure
34.251
2,079
24,039
1.953
36,330
25.992
16. Creditors
Amountsfalling due within one year
2023
2022
Total
Total
Trade creditors
(6.787)
{3.524)
(11,093)
(6287)
(2,609)
{6,065)
Accruals
Taxation and social security
(21,404)
(14,961)
17. Financial commitments
At 31" Deccmber 2023, the only commitment under a non-cancellable operating lease was
the rent payable to Cornwall Council for the Marazion Nursery which is on a 25 year lease
from November 2018.
2023
2022
Operating leases Commitments
Payable within one year
Payable within one to two years
Payable within two to five years
Over five years
2,000
2,000
6.000
30,000
2,000
2,000
6,000
32,000
40.000
42,000
27

18. Movement in funds
Balance at
1st Jan
2023
Jncoming
Resources
R&sources
Expended
Balance at
31 Dec
2023
Trdnsfers
Restricted
Designated capital fund
General
155,119
817,002
(759,882)
212,239
155,119
817,002
(759.882)
212,239
The designated capital fund represents the net book value of unrestricted fixed assets,
recognising that these funds cannot be readily converted into liquid funds.
19. Net assets by fund 2023
Restricted
fimds
unT￿triCt
fjjnds
Tangible &8sds
Net cumt assets
212,239
212,239
Net assets by fund 2022
Restricted
funds
Unrestricted
funds
Tangible assets
' Net current &ssets
155,119
155,119
28