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2022-08-31-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 2022

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 – 5
Independent auditor’s report 6 – 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 – 18

OASIS INTERNATIONAL ASSOCIATION

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

FOR THE YEAR ENDED 31 AUGUST 2022

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 LLP
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 2022

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 2022. 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 2022

DIRECTORS

The Directors who have served during the year are: E Dunn M McAllister J Madeiros

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 Belgium, India, Kyrgyzstan, Mozambique, South Africa, Uganda, and Zimbabwe. In all countries, these organisations are locally governed, and the Oasis global family of organisations is held together by a nonlegally 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. To ensure good governance in each country, OIA leads 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 Partnerships (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 one subsidiary, STOP THE TRAFFIK (STT), and STT has one subsidiary Traffik Analysis Hub (TA Hub). In previous years Oasis International Foundation, a dormant company, was a subsidiary of OIA, but in 2021 became a subsidiary of OCT.

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.

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.

Page 3

OASIS INTERNATIONAL ASSOCIATION DIRECTORS’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2022

STRUCTURE

Following changes detailed in last year’s report, OIA is a subsidiary of OCT and continues its work to receive donations and sending these to work overseas, and in bringing together the Oasis global family of organisations. This is to ensure that our Christ-centred identity continues to be upheld, that all Oasis organisations are operating according to our ethos, and that objectives are focussed on the needs of poor, marginalised and excluded people – all of which is underpinned by a non-legally binding ‘Working Agreement’ set out in Terms of Reference between organisations.

ACHIEVEMENTS

Over the last year, OIA has been a point of contact for Oasis work overseas on a weekly basis, providing support and encouragement for leaders, sharing information, resources and expertise, and provided opportunities for learning and growth – for example in leadership and governance. It has also received and made timely distribution of donations for work overseas.

FINANCIAL REVIEW

Total income for the year was £218,807 (2021: £206,335). Total expenditure for the year was £212,105 (2021: £204,076), leading to a surplus of £6,702 (2021: £2,259)

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.

RESERVES POLICY

OIA’s funds have increased during the financial year to £20,420 (2021: £13,718), 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.

PLANS FOR THE FUTURE

OIA will continue to provide global coordination, enabling Oasis organisations overseas to be closely aligned in terms of ethos and Christ-centeredness but loosely connected as organisations. Regular meetings will be facilitated, and OIA will continue to provide opportunities for fundraising and distribution of donated funds for overseas work. Crucially, OIA will continue to lead on developing as a global family of organisations without the costs of global governance and a global executive team.

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).

Page 4

OASIS INTERNATIONAL ASSOCIATION DIRECTORS’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2022

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:

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:

AUDITOR

The company’s auditor, Mercer & Hole, incorporated on 1 October 2022 to become Mercer & Hole LLP. The directors have consented to treating the incorporation of Mercer & Hole LLP as a continuation of the existing audit arrangement and in accordance with the company's articles, a resolution proposing that Mercer & Hole LLP be reappointed as auditor of the company 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 14 March 2023 and signed on their behalf by:

J Madeiros

Chairperson

Page 5

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 2022 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:

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 6

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

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:

Page 7

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 4, 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:

Page 8

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.

Use of audit report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Cain , Senior Statutory Auditor

For and on behalf of Mercer & Hole LLP, Statutory Auditor

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

21 Lombard Street London EC3V 9AH

Date 14 March 2023

Page 9

OASIS INTERNATIONAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2022

Unrestricted
funds
Restricted
funds
Note
2022
£
2022
£
INCOME FROM:
Charitable Income
13,647
205,160
Other Income
-
-
TOTAL INCOME
13,647
205,160
EXPENDITURE ON:
Charitable activities
19,594
192,511
TOTAL EXPENDITURE
19,594
192,511
NET EXPENDITURE FOR THE YEAR,
BEING NET MOVEMENT IN FUNDS
(5,947)
12,649
Transfers between funds
5,947
(5,947)
Total funds at 1 September 2021
-
13,718
TOTAL FUNDS AT 31 AUGUST 2022
-
20,420		 Total
funds
2022
£
218,807
-
218,807
212,105
212,105
6,702
-
13,718
20,420		 Total
funds
2021
£
206,328
7
206,335
204,076
204,076
2,259
-
11,459
13,718

The notes on pages 12 to 18 form part of these financial statements.

Page 10

OASIS INTERNATIONAL ASSOCIATION

COMPANY NUMBER: 04255992

COMPANY BALANCE SHEET

AS AT 31 AUGUST 2022

Notes
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
CREDITORS: amounts falling due
within one year
8
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds		 2022
£
£
3,886
29,186
33,072
(12,652)
20,420
20,420
-
20,420
20,420		 2021
£
£
4,463
21,144
25,607
(11,889)
13,718
13,718
-
13,718
13,718		 2021
£
£
4,463
21,144
25,607
(11,889)
13,718
13,718
-
13,718
13,718
13,718
-
13,718
13,718

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 14/03/2023 and were signed on its behalf by:

J Madeiros Director

The notes on pages 12 to 18 form part of these financial statements.

Page 11

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

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 2022 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 current crisis around the increased cost of living, 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 12

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

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
2022
£
13,647		 Restricted
funds
2022
£
205,160		 Total
funds
2022
£
218,807		 Total
funds
2021
£
206,328
13,647 205,160 218,807 206,328

Page 13

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

3. OTHER INCOME

Sundry Income Unrestricted
funds
2022
£
-		 Restricted
funds
2022
£
-		 Total
funds
2022
£
-		 Total
funds
2021
£
7
- - - 7

4. EXPENDITURE ON CHARITABLE ACTIVTIES

Wages and salaries
Training costs
Management charges
Communication costs
Bank charges
Other costs
Grants payable
IT charges
Governance costs
The costs above are classified as:
Total		 Direct
Costs
2022
£
194,215		 Unrestricted
funds
2022
£
-
-
15,240
269
1,400
35
-
-
2,650		 Restricted
funds
2022
£
-
-
-
-
-
-
192,511
-
-		 Restricted
funds
2022
£
-
-
-
-
-
-
192,511
-
-		 Total
2022
£
-
-
15,240
269
1,400
35
192,511
-
2,650		 Total
2021
£
1,330
993
10,500
540
1,165
5,035
182,299
214
2,000
204,076
Total
costs
2021
£
204,076
19,594 192,511 212,105
Support
Costs
2022
£
15,240		 Total
costs
2022
£
212,105

5. NET EXPENDITURE

This is stated after charging:

Auditors' remuneration

2022 2021
£ £
2,650 2,000

During the year and in 2021, no Trustees received any remuneration or any reimbursed expenses.

Page 14

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

6. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2022
£
-
-
-
-		 2021
£
1,330
-
-
1,330

The average monthly number of employees during the year was as follows:

Charitable activities
Support activities		 2022
-
-
-		 2021
1
-
1

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

7. DEBTORS

Trade debtors
Owed from group undertakings
Gift aid income
CREDITORS:
Amounts falling due within one year
Amounts owed to group undertakings
Other creditors and deferred income		 2022
£
-
-
3,886
3,886
2022
£
10,402
2,250
12,652		 2021
£
180
-
4,283
4,463
2021
£
9,889
2,000
11,889

8. CREDITORS: Amounts falling due within one year

Page 15

OASIS INTERNATIONAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

9. MOVEMENT IN FUNDS – 2022

Brought Income Expenditure Transfers Carried
Forward between Forward
funds
£ £ £ £ £
General funds - 13,647 (19,594) 5,947 -
Restricted funds 13,718 205,160 (192,511) (5,947) 20,420
13,718 218,807 (212,105) - 20,420
Restricted funds are funds held on behalf of countries. Funds are received by OIA and transferred out to the
respective country the following month. The relationship is governed by a non-legally binding ‘Working
Agreement’ as set out in Terms of Reference between the organisations.
MOVEMENT IN FUNDS - 2021
Transfers
Brought between Carried
Forward Income Expenditure funds Forward
£ £ £ £ £
General funds - 19,512 (27,853) 8,341 -
Restricted funds 11,459 186,823 (176,223) (8,341) 13,718
11,459 206,335 (204,076) - 13,718

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS – 2022

Unrestricted
funds
Restricted
funds
2022
£
2022
£
Current assets
12,652
20,420
Creditors due within one year
(12,652)
-
-
20,420
SIS OF NET ASSETS BETWEEN FUNDS – 2021
Unrestricted
funds
Restricted
funds
2021
£
2021
£
Current assets
11,889
13,718
Creditors due within one year
(11,889)
-
-
-
13,718		 Unrestricted
funds
Restricted
funds
2022
£
2022
£
Current assets
12,652
20,420
Creditors due within one year
(12,652)
-
-
20,420
SIS OF NET ASSETS BETWEEN FUNDS – 2021
Unrestricted
funds
Restricted
funds
2021
£
2021
£
Current assets
11,889
13,718
Creditors due within one year
(11,889)
-
-
-
13,718		 Total
funds
2022
£
33,072
(12,652)
20,420
Total
funds
2021
£
25,607
(11,889)
13,718 13,718

ANALYSIS OF NET ASSETS BETWEEN FUNDS – 2021

Page 16

OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

11. 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:

12. RELATED PARTY TRANSACTIONS

At year end there is a balance of £10,402 (2021: £9,889) owed from OIA to Oasis Charitable Trust. During the year, management fees of £15,240 (2021: £10,500) were charged by Oasis Charitable Trust to OIA. There were no other related party transactions.

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OASIS INTERNATIONAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

13. STATEMENT OF FINANCIAL ACTIVITIES – COMPARATIVES

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

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