1085781
# THE OASIS CHURCH – NEASDEN
Financial Statements & Trustees Annual Report
for the year ending 31st March 2025
## 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 (Resigned 21[st] November 2024) 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 2024- 2025**
**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
## Mrs Rhona Millwood
27 Norval Road, North Wembley, Middlesex HA0 3TD
Mr David Yankey
232 Whitton Avenue East, Greenford, Middx. UB6 0QA (Resigned 21[st] November 2024)
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## **THE OASIS CHURCH - NEASDEN**
_(Formerly known as the New Life Christian Centre - Neasden)_
## **Trustees Annual Report 2024- 2025 (cont’d)**
## **History** :
The church was established 31 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 2025 was £30,906 (2024 £44,730) and expenditure was £32,620 (2024 £38,382) and the balance sheet total was £59,808 (2024 £61,522).
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.
During the financial years to the 31st March 2021, trustees decided that Gift Aid tax reclaims should be placed in a fund for the purpose of a property and decided that it should be a restrictive fund to ensure that it was protected for that purpose. Subsequent tax reclaims were recorded in the Building Fund, albeit the receipts remained in the church current bank account. The trustees, having reviewed the financial activities of the charity agree that all Gift Aid tax reclaims should be placed in the church unrestricted fund and a fund transfer in the 31st March 2025 financial statements records the Building Fund balance as the amount in the Building Fund bank account.
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
Dated 19[th] October 2025
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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 2025
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] March 2025
.
## **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 France0 _Formerly 69 Portland Place, Greenhithe, Kent, DA9 9FE_ Dated 21[st] October 2025 Ww
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## THE OASIS CHURCH – NEASDEN
Statement of Financial Activities for the Year Ended 31st March 2025
The above statement includes all recognised gains and losses during the year.
|||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||Notes|Fund|Fund|Fund|2025|2024|
|||£|£|£|£|£|
|Income from:|||||||
|Voluntary income|3.1|30,919|-|-|30,919|44,455|
|Investments|3.2|33|-|(46)|(13)|275|
|||30,952|-|(46)|30,906|44,730|
|Expenditure on:|||||||
|Charitable activities|4.1|31,195|750|-|31,945|37,632|
|Governance|4.2|675|-|-|675|750|
|||31,870|750|-|32,620|38,382|
|Excess of Income over Expenditure||(918)|(750)|(46)|(1,714)|6,348|
|Fund Transfers||22,693|14,889|(37,582)|-|-|
|Balance 1st January||931|22,963|37,628|61,522|55,174|
|Balance 31st December||22,706|37,102|-|59,808|61,522|
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 2025
|||2025|2024|
|---|---|---|---|
||Notes|£|£|
|ASSETS||||
|Current assets||||
|Bank accounts||54,920|53,266|
|Debtors|5|5,563|9,006|
|Total current assets||60,483|62,272|
|Current liabilities||||
|Creditors|6|675|750|
|||59,808|61,522|
|Funds|7|||
|Restricted Fund: Building||-|37,628|
|Designated Fund: Building||10,689|-|
|Designated Fund: Mission||26,413|22,963|
|General Fund||22,706|931|
|||59,808|61,522|
The attached account & statement was approved by the Trustees of the above charity and signed in behalf of all trustees on the 19[th] October 2025 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
**----- Start of picture text -----**
Unrestricted Designated Restricted Total Total
Fund Fund Fund 2025 2024
£ £ £ £ £
3.1 Voluntary income
- -
Offerings & tithes 26,293 26,293 35,613
Tax reclaims 4,626 - - 4,626 8,842
- -
30,919 30,919 44,455
3.2 Investments
Interest 33 - (46) (13) 275
33 - (46) (13) 275
Total income 30,952 - (46) 30,906 44,730
**----- End of picture text -----**
## 4 Expenditure on:
|4.1 Charitable activities
Donations
Pastor
Church family activities
Support costs
Support costs
Postage & office expenses
Insurance
Misc. expenses
4.2 Governance costs
Independent examination
Total expenditure|Unrestricted Designated
Restricted
Total
Total
Fund
Fund
Fund
2025
2024
£
£
£
£
£
1,550
-
-
1,550
970
26,526
-
-
26,526
34,104
1,118
750
-
1,868
441
2,001
-
-
2,001
2,117
31,195
750
-
31,945
37,632
1,635
-
-
1,635
2,056
196
-
-
196
187
170
-
-
170
(126)
2,001
-
-
2,001
2,117
675
-
-
675
750
675
-
-
675
750
31,870
750
-
32,620
38,382|Unrestricted Designated
Restricted
Total
Total
Fund
Fund
Fund
2025
2024
£
£
£
£
£
1,550
-
-
1,550
970
26,526
-
-
26,526
34,104
1,118
750
-
1,868
441
2,001
-
-
2,001
2,117
31,195
750
-
31,945
37,632
1,635
-
-
1,635
2,056
196
-
-
196
187
170
-
-
170
(126)
2,001
-
-
2,001
2,117
675
-
-
675
750
675
-
-
675
750
31,870
750
-
32,620
38,382|Total
2024|
|---|---|---|---|
||31,195|750||
||1,635
196
170|-
-
-||
||2,001|-||
||675|-||
||675|-||
|||||
||31,870|750||
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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: Building Fund
Designated: Missions Fund
Unrestricted Fund|2025
£
5,563
5,563
2025
£
675
675
1st April
Income Expenditure
Transfers
£
£
£
£
37,628
(46)
-
(37,582)
-
-
-
10,689
22,963
-
(750)
4,200
931
30,952
(31,870)
22,693
61,522
30,906
(32,620)
-|2024
£
9,006|2024
£
9,006|
|---|---|---|---|
|||9,006||
||||2024|
||||£
750|
||||750|
|||31st March
£
-
10,689
26,413
22,706||
|||59,808||
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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