2020-08-31-accounts - Oasis Aquila Housing

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		Page
Report to the trustees		1 —13
Independent auditors'	report	14-16
Statement of financial	activities	17
Balance sheet		18
Notes to the financial	statements	19-33

				Unrestricted
			Unrestricted	Designated	Restricted	Total	Total
			Funds	Fund	Funds	2020	2019
		Notes			F		P
Income:
Donations
Donations			61,935		101,520	163,455	330,787
Grants			6,820		1,086,368	1,093,188	929,200
Charitable activities
Rental income			1,725,834			1,725,834	1,246,083
Contract income			964,606			964,606	628,804
Other income			27,816			27,816	15,792
Investment income			1,688			1,688	4,085
Other trading activities
Fundraislng			95,368			95,368	48,874
Other			17,029			17,029	8,664
			2,901,096		I,187,888	4,088,984	3,212,289
Expenditure:
Raising funds			175,931			175,931	210,475
Charitable activities		7	2,402,781		1,159,027	3,561,808	2,869,089
			2,578,712		1,159,027	3,737,739	3,079,564
Net income/(expenditure)			322,384		28,861	351,245	132,725
Transfers between	funds	17	( 185,177 )	185,177
Other recognised	gains
Gains on revaluation	of
fixed assets							144,440
Net movement in funds			137,207	185,177	28,861	351,245	277,165
Reconciliation offunds
Total funds brought	forward		86,108	1,772,232	730,086	2,588,426	2,311,261
Total funds carried	forward		223,315	1,957,409	758,947	2,939,671	2,588,426

		Notes	Unrestricted	Restricted
			Funds	Funds	2020	2019
Fixed assets:
Tangible assets		13	2,409,150		2,409,150	2,413,354
Current assets:
Debtors			238,641	227,584	466,225	474,506
Cash at bank and in hand			495,648	564,277	1,059,925	701,575
			734,289	791,861	1,526,150	1,176,081
Liabilities:
Creditors: amounts	falling
due within one year		15	( 310,045 )	( 32,914 )	( 342,959 )	( 325,174 )
Net current assets			424,244	758,947	1,183,191	850,907
Total assets less current liabilities			2,833,394	758,947	3,592,341	3,264,261
Creditors: amounts	falling due after
more than one year		16	( 652,670 )		( 652,670 )	( 675,835 )
Net assets			2,180,724	758,947	2,939,671	2,588,426
The funds of the charity:
Unrestricted funds:
General fund					223,315	86,108
Designated funds					1,957„409	1„772,232
					2,180,724	1,858,340
Restricted funds					758,947	730,086
		17			2,939,671	2,588,426

Freehold	property	2/o on cost less 99/o residual	value
Freehold	property —part owned	2/o on cost less 99/o residual	value
Long leasehold		2'/o on cost less 99%%d residual	value
Leasehold	improvements	33/o on cost
Motor vehicles		25/o on cost
Computer	and fixtures	33/o on cost

			Unrestricted	Designated	Restricted	Total
			Funds	Fund	Funds	2019
		Notes
Income:
Donations Charitable activities			221,894		1,038,093	1,259,987
Rental income Contract income Other income Investment income Other trading activities			1,246,083 628,804 15,792 4,085 57,538			1,246,083 628,804 15,792 4,085 57,538
			2,174,196		1,038,093	3,212,289
Expenditure:
Raising funds			194,788		15,687	210,475
Charitable activities			2,061,010	75,779	732,300	2,869,089
			2,255,798	75,779	747,987	3,079,564
Net income/(expenditure)			( 81,602 )	( 75,779 )	290,106	132,725
Transfers between	funds	17	( 257,873 )	257,873
Other recognised	gains
Gains on revaluation	of
fixed assets				144,440		144,440
Net movement in funds			( 339,475 )	326,534	290,106	277,165
Reconciliation offunds
Total funds brought	forward		425,583	1,445,698	439,980	2,311,261
Total funds carried	forward		86,108	1,772,232	730,086	2,588,426

Donations and gr	ants
							2020	2019
Donations							163,455	330,787
Grants							1,093,188	929,200
							1,256,643	1,259,987
All donations are generated		through	the Business Development			Unit.
Analysis ofgrants
							2020	2019
National Lottery Community		Funds	—Reaching	Comm	unities		112,445	109,500
National Lottery Community		Funds	—Talent Match				66,667	55,978,
National Lottery Community		Funds	—Fulfilling	Lives				10,000
National Lottery Community		Funds	—Helping through		Crisis		70,273	108,720
Durham County Council/MHCLG							220,186	196,247
Durham County Council/MHCLG							104,269	69,000
BLF/ESF							61,137	59,571
BLF/Wise Group							27,818
Virgin Money Foundation								50,000
Comic Relief								18,548
Northumbria Police	and Crime Commissioner						61,575	43,987
Henry Smith
Gateshead Council							39,000	13,948
Gateshead Housing	Company							17,000
Changing Lives							2,190	7,500
CDCF —Nationwide								17,500
William Leech Jack Petchey Grant							1,500	7,000 1,500
Community Foundation							10,950	7,000
Peckham Settlement								2,265
Linden Family Fund								5,000
Buttle Trust								9,568
CAF —M8S Spark
SirJames Knott							66,906	7,500
The Wellesley Trust								5,833
CDCF Nationwide							50,000	5,000
Sunderland City Council							10,000
Greggs Foundation								1,810
NLCF —Coping with	Covid						47,494
Homeless Link/MHCLG							25,000
Landaid Charitable Trust							10,000
CDCF —Sherburn House Charity							5,000
Dulverton Trust								35,875

Postcode Lottery		20,000
MFS Investment Management		5,000
CDCF Tampon Tax		10,000
Wise Group -Wise Steps	19,373	18,166
Access Reach Fund		6,000
Mercers	34,196
CAF Grumpy Givers	5,000
Bluestone Consortium	5,000
BGLGroup	6,400
MFS Investment Management	5,040
Zonta	6,376
Karbon Homes	2,000
Southwark Council	4,690
Fine and County	3,000
Other	9,703	4,184
	1,093,188	929,200

Incoming from charitable activities
	2020	2019
Home Basis	2,098,466 550,191	1,514,065 373,962
Empower	3,574
Aspire	66,025	2,652
	2,718,256	1,890,679

	Direct	Support
	Costs	Costs	2020	2019
Home Basis	1,722,497 1,064,175	313,563 170,835	2,036,060 1,235,010	1,734,028 870,520
Empower	58,224	15,981	74,205	70,300
Aspire	165,833	50,700	216,533	194,241
	3,010,729	551,079	3,561,808	2,869,089


8.	Allocation of support costs
						Office	Office
					Staff	premises	running	Total
					R
	Home Basis				184,410 100,594	45,421 24,703	83,732 45,538	313,563 170,835
	Empower				9,410	2,311	4,260	15,981
	Aspire				29,854	7,331	13,515	50,700
					324,268	79,766	147,045	551,079
9.	Governance costs
							2020	2019
							R
	Staff costs Legal fees						35,167	33,808 24,464
	Office running							300
	Audit						5,400	5,400
							40,567	63,972
10.	Net income/(expenditure)			for the year
	This is stated	after charging:
							2020	2019
	Depreciation	of tangible fixed assets:
	- owned by the charity						7,912	6,995
	Loan interest	paid					18,618	21,209
11.	Auditor's remuneration
							2020	2019
	Fees payable	to the charity's		auditors for the audit
	of the charity's	annual	accounts				5,400	5,400

						2020	2019
Wages and salaries Social security costs Other pension costs						1,889,016 136,236 113,142	1,677,426 118,786 101,970
						2,138,394	1,898,182
The average	monthly		number	of employees	during the year was as follows:
						2020	2019
						Number	Number
Chief Executive						1	1
Project staff						74	69
Administration		and support				18	18
						93	88

Tangible fixed assets
		Freehold
	Freehold	part-	Long	Leasehold	Motor	Computers
	property	owned	leasehold	improvements	vehicles	&fixtures	Total
		R
Cost
At 1 September 2019	1,987,164	156,850	558,317	24,294	4,080	48,762	2,779,467
Additions						3,708	3,708
Revaluation
At 31 August 2020	1,987,164	156,850	558,317	24,294	4,080	52,470	2,783,175
Depreciation
At 1 September 2019	119,663	3,333	175,817	24,294	4,080	38,926	366,113
Charge for year						7,912	7,912
Revaluation
At 31 August 2020	119,663	3,333	175,817	24,294	4,080	46,838	374,025
Net book value
At 31 August 2020	1,867,501	153,517	382,500			5,632	2,409,150
At 31 August 2019	'I,667,50'I	'l53,517	382,500			9,836	2,413,354

Cost
At 1 September 2019and 31 August 2020	2,422,180
Depreciation
At 1 September 2019and 31 August 2020	123,263
Net book value
At 31 August 2020	2,298,917
At 31 August 2019	2,298,917

14.	Debtors
				2020	2019
					R
	Trade debtors Other debtors			179,984 12,906	179,984 12,906
	Prepayments and accrued income			273,335	281,616
				466,225	474,506
15.	Creditors: amounts falling due within one year
				2020	2019
	Bank loans Trade creditors Social security and other taxes Other creditors Accruals and deferred income			21,932 113,568 35,733 28,247 143,479	21,197 112,078 30,062 19,216 142,621
				342,959	325,174
	Deferred income comprises contracts	relating to future periods.
	Balance at 1 September 2019 Amounts released to income earned from charitable Amounts deferred in the year		activities		38,148 ( 38,148 ) 50,425
	Balance at 31 August 2020				50,425
6.	Creditors: amounts falling due more	than one year
				2020	20l9
				F
	Bank loans			652,670	675,835
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5years by instalments			564,941	612,841

Year ended 31Au ust 2020	Year ended 31Au ust 2020	Year ended 31Au ust 2020
			Balance					Balance
		At 1 September 2019		Incoming resources	Resources expended	Transfers	Gain/ loss	At 31 August 2020
							F
Unrestricted funds
General fund			86,108	2,901,096	( 2,578„712)	( 185,177 )		223,315
Designated funds
Property fund			1,572,495			22,430		1,594,925
Revaluation reserve			165,516					165,516
Strategic development Property development		fund fund	6,000 28,22 I			( 6,000 )		28,221
Elizabeth House
Refurbishment	fund					20,000		20,000
Maintenance fund						44,000		44,000
Systems upgrade	fund					10,000		10,000
Housing management		fund				44,747		44,747
Loan repayment						50,000		50,000
			1,858,340	2,901,096	( 2,578,712 )			2,180,724
Restricted funds
Home Basis			102,353 531,775	120,405 759,675	( 139,498 ) ( 779,767 )			83,260 511,683
Empower			13,441	103,575	( 59,583 )			57,433
Aspire			82,517	204,233	( 180,179 )			106,571
			730,086	1,187,888	( 1,159,027 )			758,947
Total funds			2,588,426	4,088,984	( 3,737,739 )			2,939,671

Year ended	3t Au ust 2019	3t Au ust 2019
			Balance					Balance
		At 1 September 2018		Incoming resources	Resources expended	Transfers	Gain/ loss	At 31 August 2019
Unrestricted	funds
General fund			425,583	2,174,196	( 2,255,798 )	( 257,873 )		86,108
Designated	funds
Property fund Revaluation reserve Strategic development Property development		fund fund	1,263,939 71,759 50,000 60,000		( 44,000 ) ( 31,779 )	257,873	50,683 93,757	1,572,495 165,516 6,000 28,221
			1,871,281	2,174,196	( 2,331,577 )		144,440	1,858,340
Restricted funds
Home Basis			116,239 248,122	65,419 706,831	( 79,305 ) ( 423,178 )			102,353 531,775
Empower Aspire Volunteering	fund		22,793 43,226 9,600	53,986 204,857 7,000	( 63,338 ) ( 165,566 ) ( 16,600 )			13,441 82,517
			439,980	1,038,093	( 74?,987 )			730,086
Total funds			2,311,261	3,2 l2,289	( 3,079,564 )		144,440	2,588,426
Designated funds

		Buildings		Other
	2020	2019	2020	2019
Not later than one year Later than one and not later than five years		25,000	4,709 9,418	4,709 14,126
		25,000	14,126	18,835