Charity number: 1062661 INFINITE OASIS CARE Reports and statements of financial activities For the year ended 31 Mareh 2024
INFINITE OASIS CARE Contents Page Legal and administrdtive inforniation Truskes, report Endependent examiners report Ststement of fmancial activities Balance sheet Notes to the financial statements
INFINITE OASIS CARE Legal and administrative inforniation Status Infjnitc Oasis Care is a Registered Charity (Chairity Number1062661) goverened by its Constitution whi¢h was adopted in Febnwy 1997 and amended on 4 June 2012. Trustees The trustees who served during the year are as follows: Jan Frances Eulith Miller Jennifer Nicholson Chair Secretary Charlty Dumbe: 1062661 Prlnelpgl office Addregs 807 High Road Leyton London El 0 7AA Independent exAmlner S S Fakorede FCA, FAIA Samu¢ls & Co 2nd Floor. 594 High Road London N17 9TA Bankerj The Co-operative Bank POBox250 Delf House Southbury, SkeImer1a1e WN8 6WT Page I
INFINITE OASIS CARE Trustees, report For the year ended 31 March 2024 Structure? governanee and management Infinite Oasis Care was registered as a charity ( Cbarity nunther 1062661) in Febnwy 1997 and is governed by its Constitution. the Constitution was amended in Jun¢ 2012. The charity is run by the Management Committee which consists of five members. Trustees are 4)pointed annually by the organisation. Trustees loduellon And tralnlng All the trustees are already familiar with the practi¢al work of the charlty but all new trustees undergo an orientstion course to brief them on their legal obligations under Charity hws and contents of the charity Constitution. The coznMee,S decision rnaking process. the business plan and recent fAnan¢ial perforn]ance together with Health and Safety regulatioDS are all covered at the induction.Trustees are encouraged to attend appropriate external training ev¢nts to support the role they are perfonn1. Objeets and aetfvltlej The objects of the charity are to enhance the well-being of elderly and disabled people by helping to build confidence and improving their quality of life that 1$ commesurat¢ with conununity standards. And also to focus on the greater welfare needs within the community. Part of the activities of the charity continues to be to secure continuing finance to provide consistenL supportive and stable environment for the people within its care. Publle beneflt In planning activitie4 the clwity keeps in mind the Charity Commission's 8uidance on public benefit. The focus is to provide suppo¢ advocacy. inforn7ati0 eoagement and assistance to elderly and disabled people living in the community. Aehlevements and perfonnance The funding ¢riteria for s¢rvi¢e users remain as in pmious year.The c]wity continued to provid¢ help. support and advice on an increased scale even though financial resources are constrained. Rigk management Th¢ trustees actively review the major risks which the charity faces on a regular ba82s and believ¢ maintaining reserves at the current level, combined with regular review of key financial systems, will provi(k sufficient resources in the event of any adverse conditions arisin& The tnteeS have also examined other operational business risks faced by the charity and confirm they have systems to mitigate significant risks. Plge 2
tNFINITE OASIS CARE Trustees, report For the year ended 31 March 2024 Reserves The trustees have considered the reserve policy and concluded that the minimum reserve to be maintsined should be at a level wjjich ensures that the charitys core activities ¢ould continue for a period of the months during a period of unforeseen difficulties. This report was approved by the trust¢¢s on 9 October 2024 and signed on its behalf by Jennifer Nicholson Secretary Page 3
INFtMTE OASIS CARE Independent Cminer'S report To the trustees of INFINITE OASIS CARE I report on the fmncial statements of INFINrrE OASIS CARE for the year ended for the year ended 31 Mch 2024 set out on pages 5 to 9. Th¢se financial statements have been prepared under the historical cost Convention and the a¢¢ounting policies set out therein. Respettive respoL8lbilities of trustees eMIller The trustees are reSps1[¢ for tk preparation of the financial ststements. and they consider that an audit is not required for the year under section 144(2) of Charities Act 2011 and that an independent examination is needed. Having satisfied myself that the charity is not subject to 80 audit and is eligible for independent examination, it is my responsibility to: - examine th¢ fmancial statements under section 145 of the 2011 Act; - to follow the procedures laid do in the General Directions given by Charity Commission under section 145{5(b) of the 201 l Act; and - to state whether particular matters have come my attention. Basb of Independent eumlner's report My examination carried out ID accordance with th¢ General Directions given by the Cbarity cOn)ll10n¢Th. An examination includes a review of the accounting records kept by the cEwity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosur¢s in the accounts, and seeking explanations from you as trustees ¢on¢erDing any such matters. Tbe procedures undertaken do not provide all th¢ evidence that would be required in an audiL and CODsequ¢ntly no opinion is given as to whether the aoullts present a true and fair view and the report in limited to those matters set out in the statement below. Independent examlner's Jtatement In connection with my examin0 no matter has come to my attention: (l) which gives me reasonable cause to believ¢ that in any material respect the requiremeDts to keep accounting records in acrdall¢e with s¢¢tion 41 of the A¢t; and to prepare accounts which accord with the accounting re¢ords and to Comply with the a¢couDting requirements of the Act and of the Statem¢nt of ReComm•ed Practice: A¢countAll8 and Reporting by Cbaritie4 have not be¢n met: or (2) to Whic in my opinio4 attention should be drnwn in order to enable a proper understsnding of the aOunts to be S S Fakorede FCA, FAIA 2nd Floor 594 High Road London NJ 7 9TA Page 4
INFINITE OASIS CARE Statement of financial activities For the year ended 31 March 2024 Unrestricted Restricted fund$ fund8 ' 2024 Total 2023 Total Notss Ineomlng resources . Donations 168 l68 4,485 Commercial tradin8 a¢tiviti Incomefrom trading operations Total ineomlng resourees 123,013 123,013 65,713 123.181 123,181 70, 198 ExpeDdfiture Costs of commercial trading Expendi114re on trading operatiopLY (37,848) (37,848) (55,850) Expenditure on charitable activities Direct charitable expendilur Totsl eharltsbl¢ expeDdlture (73,390) (73.390) (53,867) (111238) (111238) (89,717) Net Income (expenditure) for the year 11,943 11.943 (19.519) Total funds brought fonvard (56,849) (56,849) (37,330) Total funds urrled forward (44,906) {44.906) (56.849) The Dotes on pages 7 to 9 fonD 2n fintsgral part of these financial statsment Page 5
INFINITE OASIS CARE As at 31 March 2024 2024 2023 Notes Current assets Stocks D¢btOTS Prepayinents Cash at bank and in hand 250 2.314 7246 721 4.371 1.147 12.338 3,711 Creditors: AinouDts falllng due wltbln one yeAr Net eurrent Oiabilfjtles)12&8ets Total assets less ¢urreDt Credltors: amounts falllng due After more thaa one year Net As8etslOlabUltles) (12,597) (12.865) (259) (9, 154) (44,647) (47,695) (44,906) (56,849) Fund$ Unrestricted funds (44,906) (56,849) (44,906) (56.849) The financial statements were approved by the trustees on 9 October 2024 and signed on their behalf by Jennifer Nicholson The notes on Pag 7 to 9 forni an integral part of tbese finanelal statements. Page 6
FtMTE OASIS CARE Notes to the financial statements For the year ended 31 MArcb 2024 Aceounthig poll¢ies 1.1. Accountlng ¢onv¢n*lon The principal a¢¢ounting policies adopts judgement and key sources of estimstioD of uncertainty in the preparation of the financial Statements are as follows: The financial statem¢nts have been prepared in accordance with Accounting aad Reporting by Charities: ststements of Re¢ommended Practice applicable to clritieS preparing tbeir accounts in ¢OTdaD¢c with the Fitw)cial Reporting Standards applicabl¢ in the UK and Republic of Ireland (FRS 102X effe¢tiv¢ I lanuary 2015}: .( chltieS SORP (FRS102). Infmite Oasis Care meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially re¢ognis¢d at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The clwity has tsken advantsge of the exemption in FRSI from the requirement to produc¢ a c&shfiow statern¢nt because it is a small charity. 1.2. Ineomlng re8our¢e8 Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when re¢¢ivable. Gifts donated for resale are included &8 income ell they are sold. Donated assets are in¢luded at the value to the clwity where this can b¢ quaotifjed and a third paty is bearing the cost. The valu¢ of servitts provided by volunteers has not been included. Granty including grants for the purch¢ of fixed assets. are recognised in filll in the Statement of Financial A¢tivitieA ID the year iti which they are receivabl¢. IJ. Resourcej expended Resource3 expended are accounted for on an a¢tual basis. Expenditure is allocated in the stateMt of fman¢ial activities between direct charitsble expenditure and governanee costs. No signifcant costs 8re incuTred in generating funds. Costs of generating trading income represent exp¢nditur¢ incurred in the operation and nmnagement of the trading activity. Dir¢¢t charitable expenditure are those incurred in connection with administration of Cbarity and compliance with constithoDal and statutory requirements. 1.4. Stock Stock is valued at the lower of cost and net realisable value. Page 7
INFINITE OASIS CARE Notes to the fmancial statements For the yeAr ended 31 March 2024 Glfts and Donations Unrestrfjcted funds 2024 2023 Gifts and donations 168 168 4.485 Governanee costs 2024 2023 Consultancy Accountancy services 40 2,550 256 2.550 2,590 2,806 Dlreet eharttable expenditure 2024 2023 Reni rates and service ¢barge ]nsurance Ligbt and heat Repairs and nllintenance Printin8. posts8e and ststionery Telephone Computer costs Motor. expenses Consultancy fees (see note 5) Accountancy fees (see note S) Bad debts Clerical cost General expenses SubscriMions Interest and cbarges 24,720 4.942 12.153 328 15 4.364 260 14,500 40 2,550 1222 6.481 474 80 1,261 26,957 3,828 8,489 250 49 3,877 225 4.611 256 2.550 750 926 1,324 73.390 53,867 Page 8
FTE OASIS CARE Notes to the financial statements For the year ended 31 March 2024 Debtors 2024 2023 Trade debtors Prepayments 7,246 721 2,314 7,967 2,314 Credltors: amounts falling due wlthln one year 2024 2023 Trade creditors Otber creditors ACcnlS 8,678 7.301 2.439 3,125 2,475 12,597 12,865 Employe Iyumber of employees The avernge monthty numbers of employee8 during the year were: 2024 Number 2023 N4mber Employment eosts 2024 2023 Wag¢s and salaries 35,893 35.737 Crndlton: amounts falllng due after more than one year 2024 2023 Bank loan 44.647 47,695 Page 9