2021-08-31-accounts

Registered company number: 04255992 Charity number: 1098100

OASIS INTERNATIONAL ASSOCIATION

(Company limited by guarantee)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

OASIS INTERNATIONAL ASSOCIATION

(A company limited by guarantee)

CONTENTS
	Page
Reference and administrative details of the charity, its trustees and advisers	1
Trustees' report	2 – 6
Independent auditor’s report	7 – 10
Statement of financial activities	11
Balance sheet	12
Notes to the financial statements	13 – 19

OASIS INTERNATIONAL ASSOCIATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 AUGUST 2021

Directors E Dunn M McAllister J Madeiros Company number 04255992 Charity number 1098100 Registered office 1 Kennington Road London SE1 7QP Company Secretary D J Parr Independent Auditor Mercer & Hole 21 Lombard Street London EC3V 9AH

Page 1

OASIS INTERNATIONAL ASSOCIATION

DIRECTORS’ REPORT Company number 04255992 Registered charity number 1098100

FOR THE YEAR ENDED 31 AUGUST 2021

INTRODUCTION

The Directors (who are also the Trustees for the purposes of Charity Law) are pleased to present their report and financial statements for the year ending 31 August 2021. This report, which includes the strategic report, and these statements, have been prepared in accordance with current statutory requirements, the charity’s governing document, the Accounting and Reporting by Charities, Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102), applicable accounting standards and Companies Act 2006.

PRINCIPAL ACTIVITIES

Oasis International Association’s (OIA) objects are the advancement of Christianity; the advancement of education; the advancement of health and the preservation and protection of public health generally; the relief of persons who are in need, hardship or distress and the prevention and relief of poverty.

The Directors have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives and in planning future activities. In particular, the Directors consider how planned activities will contribute to the aims and objectives they have set. The main activities undertaken to further OIA’s purposes for the public benefit are explained later in this report.

GOVERNANCE

Oasis International Association (OIA) is a company limited by guarantee and governed by its Memorandum and Articles of Association, dated 20th July 2001, as amended and approved by the Charity Commission for England and Wales on 16th August 2016.

New directors are identified by the existing directors on a skills basis and appointed by a majority vote. Their appointment is subject to approval at a General Meeting and they can serve for a term of three years and may serve for a maximum of two further terms of office.

An induction programme is made available to new Directors, which enables them to gain a full understanding of the vision, mission, ethos, values, strategy and activity of OIA. The induction programme includes visits to OIA’s projects and training in the responsibilities of charity trustees as well as the governance approach adopted by the Board.

The Directors are covered by the company’s professional indemnity insurance policy.

The Directors met five times this year. They delegate the day-to-day management of the Company to the Chief Executive but retain responsibility for major strategic and governance decisions.

Page 2

OASIS INTERNATIONAL ASSOCIATION

DIRECTORS’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

DIRECTORS

The Directors who have served during the year are: M Chater (resigned 1/9/20) A Cook (resigned 1/9/20) E Dunn J Herbert (resigned 1/9/20) M McAllister (appointed 1/9/20) J Madeiros (appointed 1/9/20) J Slater (resigned 1/9/20) C Taylor (resigned 1/9/20) P Turner (resigned 1/9/20) J L P Whiter (Chairman) (resigned 1/9/20) A Van Heerden (resigned 1/9/20)

COMPANY SECRETARY AND COMPANY REGISTRATIONS

Mr Dave Parr is company secretary and the Company’s registered office is 1, Kennington Road, London SE1 7QP.

OIA is a company limited by guarantee, whose registered number is 04255992. It is also a registered charity, number 1098100.

GOVERNANCE STRUCTURE

OIA exists to ensure that, as a global entity, Oasis is strategic in its development, cohesive, mutually supportive and inter-dependent. It also seeks to ensure that Oasis work around the world is consistent with its vision, mission and values. Nonetheless, it believes that all Oasis work should be contextual, preserving and contributing to regional and local distinctives. Further, it encourages partnership with other like-minded organisations and the provision of complementary services.

In order to do this the charity continues to bring together, as a global family, Oasis organisations operating in India, Zimbabwe, South Africa, Uganda, Kyrgyzstan, Mozambique and Belgium. In all countries, these organisations are locally governed, and held together by a non-legally binding ‘Working Agreement’ which commits all the countries to a common Christian ethos and to having objectives that focus on the needs of poor, marginalized and excluded people, especially children and young people in urban areas. In addition, OIA inputs to the strategic plans of each country to ensure that they are in line with global strategy. To ensure good governance in each country, OIA staff members hold regular calls with Country Leaders.

In the UK the relationship is different as OIA has a legally binding relationship with the UK Group.

Within the UK Group, OIA is a subsidiary of Oasis Charitable Trust, the parent of the Oasis group. Oasis Charitable Trust (OCT) has a number of subsidiaries; Oasis Community Learning (OCL), Oasis Community Housing (OCH), and Oasis Community Partnership (OCP). OCP is the parent of a number of Hub Companies. All are companies limited by guarantee and registered charities apart from OUK Trading Ltd. OIA has two subsidiaries, STOP THE TRAFFIK and Oasis International Foundation which is a dormant company.

Boards of all subsidiary companies are responsible for the governance of those companies and are accountable to the Board of OCT in performing that role.

Page 3

OASIS INTERNATIONAL ASSOCIATION DIRECTORS’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

VISION AND MISSION

Vision (what we are working towards)

Oasis’ vision is for community – a place where everyone is included, making a contribution and reaching their God-given potential.

Mission (what we are doing now to fulfil our vision)

Oasis is committed to working in an inclusive, integrated, empowering and comprehensive way so that all people experience wholeness and fullness of life.

STRUCTURE

As mentioned in last year’s report, Oasis International Association has been working through a review of the way that we work as a global organisation. This was driven by the increasingly difficult funding environment, especially for central administrative functions, and an acknowledgement that an unhealthy dependency can be created through central support. Over the course of the past few years, we have consulted in depth with the leaders in the countries where Oasis works and with their boards, and concluded that we need to move away from relationships with each other that are through a formal governance structure, to being connected through a network, where we are closely aligned in terms of our ethos and Christ-centeredness but loosely connected as organisations. It was further agreed that OIA retains a role in being a UK registered charity able to receive donations for work overseas and sending these out to countries as appropriate.

With the changes in its global governance role from 1 September 2020, OIA trustees agreed that it was appropriate for OCT to be fully responsible for its own governance (i.e. rather than being a subsidiary to OIA), and consequently OIA moved from being the parent of OCT, to becoming a subsidiary of OCT – effectively, a reverse take-over. This was unanimously agreed by the trustees of both OIA and OCT and, following completion of due processes, came into effect on 1[st] September 2020.

FINANCIAL REVIEW

Total income for the year was £206,335 (2020: £370,977). Total expenditure for the year was £204,076 (2020: £388,810), leading to a surplus of £2,259 (2020: £17,833 deficit)

OIA would like to acknowledge and thank all Oasis supporters for their significant and generous donations during the year.

GOING CONCERN

The Directors are confident that OIA has adequate resources to continue operating for the foreseeable future, being the period of at least 12 months from the date of signing these accounts and, for this reason, the Directors continue to adopt the going concern basis in preparing these financial statements. Further details regarding the adoption of the going concern basis can be found in the statement of accounting policies.

Page 4

OASIS INTERNATIONAL ASSOCIATION DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

RESERVES POLICY

OIA’s funds have increased during the financial year to £13,718 (2020: £11,459), all of which is restricted.

The Directors have considered the current reserves position and are confident that OIA will continue to exist with the purpose of collecting UK donations for countries, as such restricted funds only. A 5% fee is retained for the purposes of managing the governance and finance functions.

STATEMENT OF DIRECTORS’ RESPONSIBILITIES

The Directors (who are also trustees of Oasis International Association for the purposes of charity law) are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the Directors to prepare financial statements for each financial year. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company, and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgments 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 financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions, disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the provisions of the charity’s constitution. 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.

PROVISION OF INFORMATION TO AUDITORS

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:

• so far as that Director is aware, there is no relevant audit information of which the charitable company's auditor is unaware, and

• that Director has taken all the steps that ought to have been taken as a Director in order to be aware of any information needed by the charitable company's auditor in connection with preparing their report and to establish that the charitable company's auditor is aware of that information.

Page 5

OASIS INTERNATIONAL ASSOCIATION DIRECTORS’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

AUDITOR

Mercer & Hole were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution that they be re-appointed will be put at a General Meeting.

In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report, was approved by the Directors on 15/03/2022 and signed on their behalf by:

M McAllister Chairman

Page 6

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF OASIS INTERNATIONAL ASSOCIATION

Opinion

We have audited the financial statements of Oasis International Association for the year ended 31 August 2021 which comprise Statement of Financial Activities, Company Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company’s affairs as at 31 August 2021 and of incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Page 7

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF OASIS INTERNATIONAL ASSOCIATION

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion based on the work undertaken in the course of our audit

• the information given in the Directors’ Report, which includes the directors’ report and the strategic report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• the company has not kept adequate accounting records; or

• the company financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

Page 8

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF OASIS INTERNATIONAL ASSOCIATION

Responsibilities of trustees

As explained more fully in the Statement of Directors’ Responsibilities set out on page 13, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Based on our understanding of the company and industry, we identified that the principal risks of noncompliance with laws and regulations related to breaches in Health & Safety and General Data Protection Regulations, and we considered the extent to which non-compliance may have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure, and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

• discussions with management, including considerations of known or suspected instances of noncompliance with laws and regulations and fraud;

• evaluation of the operating effectiveness of management's controls designed to prevent and detect irregularities;

• identifying and testing journal entries.

Page 9

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF OASIS INTERNATIONAL ASSOCIATION

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.

.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Helen Cain , Senior Statutory Auditor

For and on behalf of Mercer & Hole, Statutory Auditor

Mercer & Hole is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

21 Lombard Street London EC3V 9AH Date: 12 April 2022

Page 10

OASIS INTERNATIONAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021

Unrestricted funds Restricted funds Note 2021 £ 2021 £ INCOME FROM: Charitable Income 19,505 186,823 Other Income 7 - TOTAL INCOME 19,512 186,823 EXPENDITURE ON: Charitable activities 27,853 176,223 TOTAL EXPENDITURE 27,853 176,223 NET EXPENDITURE FOR THE YEAR, BEING NET MOVEMENT IN FUNDS (8,341) 10,600 Transfers between funds 8,341 (8,341) Total funds at 1 September 2020 - 11,459 TOTAL FUNDS AT 31 AUGUST 2021 - 13,718	Total funds 2021 £ 206,328 7 206,335 204,076 204,076 2,259 - 11,459 13,718	Total funds 2020 £ 358,022 12,955
		370,977
		388,810
		388,810
		(17,833) - 29,292
		11,459

The notes on pages 13 to 19 form part of these financial statements.

Page 11

OASIS INTERNATIONAL ASSOCIATION

COMPANY NUMBER: 04255992

COMPANY BALANCE SHEET

AS AT 31 AUGUST 2021

Notes CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS: amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted funds Restricted funds	2021 4,463 21,144 25,607 (11,889) 13,718 13,718 - 13,718 13,718	2020 14,035 757 14,792 (3,333) 11,459 11,459 - 11,459 11,459	2020 14,035 757 14,792 (3,333) 11,459 11,459 - 11,459 11,459
			11,459
			- 11,459
			11,459

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board on 15/03/2022 and were signed on its behalf by:

M McAllister Director

The notes on pages 13 to 19 form part of these financial statements.

Page 12

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES

1.1 Company status

Oasis International Association (OIA) is a company limited by guarantee incorporated in the United Kingdom, whose registered number is 04255992. It is also a registered charity, number 1098100. The registered office of OIA is 1, Kennington Road, London SE1 7QP. These financial statements are the for the year ended 31 August 2021 and are presented in pounds sterling (GBP). The company is a public benefit entity as defined by Financial Reporting Standard 102 (FRS 102).

1.2 Basis of preparation of financial statements

The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS 102) applicable to charities preparing their accounts in accordance with FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. Assets and liabilities are recognised at historical cost or transactional value unless otherwise stated in the accounting policies.

1.3 Going concern

The Directors have considered the risks, including the impact of Covid-19, and these include the ability for activities to be carried out. In reviewing the going concern no material uncertainty has been identified. Sufficient funds are held and there are no future material uncertainties relating to future income and therefore we consider it is appropriate to adopt the going concern approach and the company will continue to adopt the going concern basis in preparing the financial reports.

1.4 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the directors in the furtherance of the charitable objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors and grant awarding bodies.

1.5 Income

Income includes the total receivable from all its charitable activities. All income is recognised when the charity has entitlement to the funds, receipt is probable and the amount can be measured with sufficient reliability.

Donations are recognised on a receivable basis (where there are no performance related conditions), where the receipt is probable and the amount can be reliably measured. Legacies are included in the year when entitlement is established and the value can be measured reliably.

Grants included within charitable activity income are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet.

No income has been included in the Statement of Financial Activities net of expenditure.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Page 13

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES (continued)

Expenditure (continued)

Governance costs include the costs attributable to the Company’s compliance with constitutional and statutory requirements, including audit costs and are all allocated against restricted revenue activities.

Charitable activities are costs incurred in furtherance of the charitable objectives of the charity and includes directly attributable costs and support costs.

1.7 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

1.8 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation as a result of a past event that will result in the transfer of funds, and the amount can be reliably measured. Trade and other creditors are recognised at transaction price and subsequently revalued and amortised where necessary.

1.9 Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

2. CHARITABLE INCOME

Gifts and Donations	Unrestricted funds Restricted funds Total funds Total funds 2021 £ 2021 £ 2021 £ 2020 £ 19,505 186,823 206,328 358,022
	19,505 186,823 206,328 358,022

Page 14

OASIS INTERNATIONAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

3. OTHER INCOME

Unrestricted funds Restricted funds Total funds 2021 £ 2021 £ 2021 £ Sundry Income 7 - 7 7 - 7 4. EXPENDITURE ON CHARITABLE ACTIVTIES Unrestricted funds 2021 Restricted funds 2021 Total 2021 £ £ £ Wages and salaries 1,330 - 1,330 National insurance - - - Pension cost - - - Training costs - 993 993 Management charges 10,500 10,500 Communication costs 540 540 Bank charges 1,165 1,165 Other costs 5,035 5,035 Insurance - - - Grants payable 7,283 175,016 182,299 IT charges - 214 214 Travel costs - - - Office costs - - - Equipment cost - - - Governance costs 2,000 2,000 27,853 176,223 204,076 The costs above are classified as: Direct Costs Support Costs Governance costs Total costs 2021 £ 2021 £ 2021 £ 2021 £ Total 181,668 20,408 2,000 204,076	Unrestricted funds Restricted funds Total funds 2021 £ 2021 £ 2021 £ 7 - 7	Unrestricted funds Restricted funds Total funds 2021 £ 2021 £ 2021 £ 7 - 7	Unrestricted funds Restricted funds Total funds 2021 £ 2021 £ 2021 £ 7 - 7	Total funds 2020 £ 12,955
	7		- 7	12,955
			Restricted funds 2021 Total 2021 £ £ - 1,330 - - - - 993 993 10,500 540 1,165 5,035 - - 175,016 182,299 214 214 - - - - - - 2,000	Total 2020 £ 57,612 6,032 7,641 3,805 - 717 927 8,639 374 243,740 17,416 8,836 299 876 31,896 388,810 Total costs 2020 £ 388,810
		27,853	176,223 204,076

Page 15

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

5. GOVERNANCE COSTS

GOVERNANCE COSTS
Auditor’s remuneration	2021 £ 2,000 2,000	2020 £ 31,896
		31,896

In 2020, auditor's remuneration related to the audit of a consolidated group of companies which has since been reorganised.

6. NET EXPENDITURE

This is stated after charging:

	2021	2020
	£	£
Auditors' remuneration	2,000	31,896

During the year and in 2020, no Trustees received any remuneration or any reimbursed expenses.

7. STAFF COSTS

Staff costs were as follows:

Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as Charitable activities Support activities		2021 £ 1,330 - - 1,330 follows: 2021 1 - 1		2020 £ 57,612 6,032 7,641
				71,285
				2020 3 3

No employee received remuneration amounting to more than £60,000 in either year.

Page 16

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

8. DEBTORS

Trade debtors Owed from group undertakings Gift aid income	2021 £ 180 - 4,283 4,463	2020 £ - 737 13,298
		14,035

9. CREDITORS: Amounts falling due within one year

Trade creditors Amounts owed to group undertakings Other creditors and deferred income	2021 £ - 9,889 2,000 11,889	2020 £ 333 - 3,000
		3,333

10. MOVEMENT IN FUNDS – 2021

General funds Restricted funds	Brought Forward £ - 11,459 11,459	Income Expenditure Transfers between funds £ £ £ 19,512 (27,853) 8,341 186,823 (176,223) (8,341) 206,335 (204,076) -	Carried Forward £ - 13,718
			13,718

MOVEMENT IN FUNDS - 2020

General funds Restricted funds	Brought Forward Income Expenditure Transfers between funds Carried Forward £ £ £ £ £ - 144,721 (154,492) 9,771 - 29,292 226,256 (234,318) (9,771) 11,459
	29,292 370,977 (388,810) - 11,459

Page 17

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS – 2021

Current assets Creditors due within one year	Unrestricted funds 2021 £ 11,889 (11,889) -	Restricted funds 2021 £ 13,718 - 13,718	Total funds 2021 £ 25,607 (11,889)
			13,718

ANALYSIS OF NET ASSETS BETWEEN FUNDS – 2020

Current assets Creditors due within one year	Unrestricted funds 2020 £ 3,333 (3,333) -	Restricted funds 2020 £ 11,459 - 11,459	Total funds 2020 £ 14,792 (3,333)
			11,459

12. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company is a wholly owned subsidiary of Oasis Charitable Trust (OCT) a company incorporated in England (registered number 02818823) and a registered charity (registered charity number 1026487). Oasis Charitable Trust prepares consolidated financial statements which include the results of Oasis International Association, and this is the largest group for which accounts are prepared that include this company. Copies of the Oasis Charitable Trust group financial statements are available from its registered office at 1 Kennington Road, London, SE1 7QP.

OCT’s principle objectives are to:

• To ensure that the national group of organisations is governed well and in accordance with Oasis theology and ethos

• To maintain the cohesion of the family of Oasis organisations in the UK by ensuring that the Oasis vision, mission, and ethos is understood and implemented across the group of organisations

• To lead the integration of work across the subsidiaries and to grow and develop Oasis Hubs – the Oasis model of community transformation

• To promote the corporate message of Oasis

13. RELATED PARTY TRANSACTIONS

At year end there is a balance of £9,889 (2020: £737 owed to OIA from Oasis Charitable Trust) owed from OIA to Oasis Charitable Trust. During the year, management fees of £10,500 (2020: £Nil) were charged by Oasis Charitable Trust to OIA.

There were no other related party transactions.

Page 18

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

14. STATEMENT OF FINANCIAL ACTIVITIES – COMPARATIVES

Note INCOME FROM: Charitable Income 2 Other Income 3 TOTAL INCOME EXPENDITURE ON: Charitable activities 5 TOTAL EXPENDITURE NET EXPENDITURE FOR THE YEAR, BEING NET MOVEMENT IN FUNDS Transfers between funds Total funds at 1 September 2019 TOTAL FUNDS AT 31 AUGUST 2020	Unrestricted funds Restricted funds Total funds 2020 £ 2020 £ 2020 £ 131,766 226,256 358,022 12,955 - 12,955
	144,721 226,256 370,977
	154,492 234,318 388,810
	154,492 234,318 388,810
	(9,771) (8,062) (17,833) 9,771 (9,771) - - 29,292 29,292
	- 11,459 11,459

Page 19