2024-03-31-accounts

1085781

THE OASIS CHURCH – NEASDEN

Financial Statements & Trustees Annual Report

for the year ending 31st March 2024

THE OASIS CHURCH – NEASDEN

	Index
Charity Information	Page 1
Trustee's Report	Page 2 - 3
Independent Examiner's Report	Page 4
Statement of Financial Activities	Page 5
Balance Sheet	Page 6
Notes to the Accounts	Page 7 - 9

THE OASIS CHURCH – NEASDEN

Charity Information

Charity Registration No.: 1085781 Governing Document: Constitution adopted 6[th] February 2001 and amended 9[th] July 2004 Address: The Oasis Church - Neasden 27 Norval Road North Wembley HA0 3TD Trustees: Mr Errol Millwood Mr Tony Green Mr David Yankey Mrs Rhona Millwood Correspondence Address: The Oasis Church - Neasden 27 Norval Road North Wembley HA0 3TD Independent Examiner: Peter Saltiel Church & Charity Accounts Service Ltd 7 Planchadeau 23460 Saint Pierre Bellevue France formerly, 69 Portland Place Greenhithe, Kent, DA9 9FE Bankers: Lloyds Bank 564-568 High Rd Wembley HA0 2AB

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THE OASIS CHURCH - NEASDEN

(Formerly known as the New Life Christian Centre - Neasden)

Trustees Annual Report 2023- 2024

Name of Charity: The Oasis Church - Neasden

Registration : 1085781

Office Address: The Oasis Church - Neasden 27 Norval Road, North Wembley, HA0 3TD

Objects :

1. The advancement of the Christian Religion by the proclamation and the furtherance of the Gospel of God concerning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God by the church in accordance with the statement of Fundamental Truths of Assemblies of God in Great Britain and Ireland as approved by the General Council from time to time. (The Statement.)

2. Such other charitable purposes as shall further the attainment of the above objects of the Church or any of them

3. The furtherance of the other charitable work of the church consistently within The Statement

4. The furtherance of the work of Assemblies of God in Great Britain and Ireland and the promotion of the spiritual teaching and the maintenance of The Statement and the promotion of religious observances that manifest The Statement.

Names of Trustees:

Mr Errol Millwood

27 Norval Road, North Wembley, Middlesex, HA0 3TD

Mr Tony Green

27 Westdown Gardens, Whipsnade Road, Dunstable, LU6 1PR

Mr David Yankey

232 Whitton Avenue East, Greenford, Middx. UB6 0QA

Mrs Rhona Millwood

27 Norval Road, North Wembley, Middlesex HA0 3TD

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THE OASIS CHURCH - NEASDEN

(Formerly known as the New Life Christian Centre - Neasden)

Trustees Annual Report 2023- 2024 (cont’d)

History :

The church was established 30 years ago, it received charitable status in March 2001. The church became independent of New Life Christian Centre (Charity reg. Number 1054415) on April 1st 2000, with regards to administrative and financial matters.

In May 2004, the church was renamed (by the Church Board Council constitutional amendment) - The Oasis Church Neasden. This was agreed by the Charities Commission and their register has been updated to this effect.

Activities :

For the past year the Church has carried out a variety of Christian ministries (see annual report) including Sunday services, midweek bible studies, prayer meetings, evangelistic and training programs.

Finance :

Income for the year ending 2024 was £44,730 (2023 £35,042) and expenditure was £28,069 (2023 £28,069) and the balance sheet total was £38,382 (2022 £48,201). Our Gift Aid reclaim was £9,006 (2023 £6,681)

The church has a mission account, building fund account and main treasurer’s general fund account held with Lloyds Bank. All our accounts are in the name of The Oasis Church - Neasden.

We continue to give thanks to all members who have faithfully supported the ministry of the church with their tithes and offerings.

Chairman/Pastor The Oasis Church - Neasden Trustees

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Independent Examiner’s Report to the Trustees / Members of The Oasis Church - Neasden Registered Charity No. 1085781 for the year ended 31[st] March 2024

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] March 2024.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• the accounting records were not kept in accordance with section 130 of the Charities Act; or

• the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Peter Saltiel Church & Charity Accounts Service Ltd Planchadeau 23460 Saint-Pierre-Bellevue France Formerly 69 Portland Place, Greenhithe, Kent, DA9 9FE Dated 2024 Ww

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THE OASIS CHURCH – NEASDEN

Statement of Financial Activities for the Year Ended 31st March 2024

Unrestricted Designated Restricted Total Notes Fund Fund Fund 2024 £ £ £ £ Income from: Voluntary income 3.1 35,613 - 8,842 44,455 Investments 3.2 - - 275 275 35,613 - 9,117 44,730 Expenditure on: Charitable activities 4 38,382 - - 38,382 38,382 - - 38,382 Excess of Income over Expenditure (2,769) - 9,117 6,348 Fund Transfers (4,200) 4,200 - Balance 1st January 7,900 18,763 28,511 55,174 Balance 31st December 931 22,963 37,628 61,522	Total 2023 £ 34,994 48	Total 2023
	35,042
	28,069
	28,069
	6,973 - 48,201
	55,174

The above statement includes all recognised gains and losses during the year.

All activities are regarded as continuing.

The Notes to the Accounts form part of these Financial Statements

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THE OASIS CHURCH – NEASDEN

Balance Sheet as at 31st March 2024

		2024	2023
	Notes	£	£
ASSETS
Current assets
Bank accounts		53,266	49,243
Debtors	5	9,006	6,681
Total current assets		62,272	55,924
Current liabilities
Creditors	6	750	750
		61,522	55,174
Funds	7
Restricted Fund: Building		37,628	28,511
Designated Fund: Mission		22,963	18,763
General Fund		931	7,900
		61,522	55,174

The attached account & statement was approved by the Trustees of the above charity and signed in behalf of all trustees on the 2024 by

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THE OASIS CHURCH – NEASDEN

Notes to the Accounts

1 Basis of Preparation

1.1 Basis of accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

1.2 Change in basis of accounting

There has no change to the accounting policies since last year.

1.3 Changes to previous accounts No changes have been made to accounts for previous years.

2 Accounting policies

Unrestricted funds - are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds. These are included in full when received.

Designated fund – are funds set aside for specific charitable activities at the discretion of the trustees.

Restricted funds - are to be used for the specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund.

Judgements and Estimations - the Trustees have not made any significant judgements in the process of applying accounting policies and there are no areas of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Going concern - at the time of approving the accounts the Trustees have a reasonable expectation that the charity has sufficient reserves and that the charity is a going concern.

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THE OASIS CHURCH – NEASDEN

Notes to the Accounts (cont’d)

3 Analysis of income

4 Expenditure on: Unrestricted Designated Restricted Total Fund Fund Fund 2024 £ £ £ £ 3.1 Voluntary income Offerings & tithes 35,613 - - 35,613 Tax reclaims - - 8,842 8,842 35,613 - 8,842 44,455 3.2 Investments Interest - - 275 275 - - 275 275 Total income 35,613 - 9,117 44,730	Total 2023 £ 28,341 6,653	Total 2023
	34,994
	48
	48
	35,042

Charitable activities Donations Pastor Church family activities Support costs Support costs Postage & office expenses Insurance Misc. expenses Accountancy Total expenditure	Unrestricted Designated Restricted Total Total Fund Fund Fund 2024 2023 £ £ £ £ £ 970 - - 970 4,180 34,104 - - 34,104 20,104 441 - - 441 397 2,867 - - 2,867 3,388 38,382 - - 38,382 28,069 2,056 - - 2,056 1,457 187 - - 187 180 (126) - - (126) 1,001 750 - - 750 750 2,867 - - 2,867 3,388 38,382 - - 38,382 28,069	Unrestricted Designated Restricted Total Total Fund Fund Fund 2024 2023 £ £ £ £ £ 970 - - 970 4,180 34,104 - - 34,104 20,104 441 - - 441 397 2,867 - - 2,867 3,388 38,382 - - 38,382 28,069 2,056 - - 2,056 1,457 187 - - 187 180 (126) - - (126) 1,001 750 - - 750 750 2,867 - - 2,867 3,388 38,382 - - 38,382 28,069	Total 2023
	38,382	-
	2,056 187 (126) 750	- - - -
	2,867	-
	38,382	-

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THE OASIS CHURCH – NEASDEN

Notes to the Accounts (cont’d)

5 Debtors 6 Creditors 7 Funds Tax reclaims Miscellaneous Restricted: Building Fund Designated: Missions Fund Unrestricted Fund	2024 £ 9,006 9,006 2024 £ 750 750 1st Jan Income Expenditure Transfers £ £ £ £ 28,511 9,117 - - 18,763 - - 4,200 7,900 35,613 (38,382) (4,200) 55,174 44,730 (38,382) -	2023 £ 6,681	2023 £ 6,681
		6,681
			2023
			£ 750
			750
		31st Dec £ 37,628 22,963 931
		61,522

8 Staff costs

No employee received more than £60,000.

9 Remuneration to Trustees:

The Trustees received no remuneration during the year.

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