2022-08-31-accounts - Oasis Aquila Housing

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		Page
Report ofthe Trustees		2-15
Independent auditors'	report	16-18
Statement offinancial	activities	19
Balance sheet		20
Notes to the financial	statements	21 -33

REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS	ADMINISTRATIVE DETAILS
Registered	company	number:	05300083 (England and Wales)
Registered	charity number:		1107554
Registered	office:		FL 1-4,7-8 Delta Bank Road, Metro Riverside Park, Gateshead,						NE11 9DJ
Advisors
Auditors:			Haines Watts, 17Queens	Lane, Newcastle upon		Tyne,	NE1 1RN
Solicitors:			Ward Hadaway, Sandgate	House, 102Quayside,		Newcastle		upon Tyne, NE1
			3DX
Bankers:			Unity Trust Bank pic, Four	Brindleyplace,	Birmingham,		B12JB
			Triodos Bank, Deanery Road, Bristol, BS15AS
			Ecology Building Society,	7 Belton Way,	Silsden,	Keighley,		BD20	OEE
			Nationwide Building Society, Kings Park		Road, Moulton		Park, Northampton,
			NN3 6NW
			The Charity Bank Limited,	Fosse House,	182 High	Street, Tonbridge,				TN9 1BE

For the year ended	31August	2022
				Unrestricted
			Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds	Funds	2022	2021
		Notes		E			F
Income:
Donations Grants Charitable Activities			102,076 29,199		48,098 1,131,767	150,174 1,160,966	161,021 1,147,616
Rental Income Contract Income Other Income Investment income Other trading activities			1,806,167 1,069,609 30,525 1,232			1,806,167 1,069,609 30,525 1,232	1,894,881 1,139,828 23,886 1,992
Fundraising Other			52,045 13			52,045 13	30,776 620
			3,090,866		1,179,865	4,270,731	4,400,620
Expenditure:
Raising funds Charitable activities			229,448 2,781,090	112,256	1,272,550	229,448 4,165,896	199,844 4,227,778
			3,010,538	112,256	1,272,550	4,395,344	4,427,622
Net income/(expenditure)			80,328	(112,256)	(92,685)	(124,613)	(27,002)
Transfers between	funds	17	(32,677)	32,677
Other recognised	gains
Gains on revaluation	offixed
assets				47,050		47,050	172,500
Net movement in funds			47,651	(32,529)	(92,685)	(77,563)	145,498
Reconciliation offunds
Total funds brought	forward		527,791	2,012,119	545,259	3,085,169	2,939,671
Total funds carried	forward		575,442	1,979,590	452,574	3,007,606	3,085,169

				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
			Notes			E	F
Fixed Assets:
Tangible assets			13	2,500,490		2,500,490	2,493,923
Current Assets
Debtors Cash at bank and	in hand		14	631,151 373,393	120,552 332,022	751,703 705,415	698,825 942,365
				1,004,544	452,574	1,457,118	1,641,190
Liabilities:
Creditors: Amounts	falling	due within
one year			15	(414,817)		(414,817)	(474,770)
Net Current assets				589,727	452,574	1,042,301	1,166,420
Total assets less current		liabilities		3,090,217	452,574	3,542,791	3,660,343
Creditors: Amounts	falling	due after
more than one year			16	(535,185)		(535,185)	(575,174)
Net assets				2,555,032	452,574	3,007,606	3,085,169
The funds ofthe charity:
Unrestricted funds:
General fund						575,442	527,791
Designated funds						1,979,590	2,012,119
Restricted funds						2,555,032 452,574	2,539,910 545,259
Total Funds			17			3,007,606	3,085,169

residual v	alue, over their estimated	useful econom	ic lives as follows	ic lives as follows	:
Freehold	property	Valuation	and 2% straight		line
Freehold	property - part owned	Cost and	2% straight	line
Long leasehold		Valuation	and 2% straight		line
Leasehold	improvements	Cost and	33%straight	line
Motor vehicles		Cost and	25% straight	line
Computer	and fixtures	Cost and	33%straight	line

					Unrestricted
				Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2021	2020
			Notes		F	E	E	E
Income:
Donations				122,021		39,000	161,021	163,435
Grants				63,983		1,083,633	1,147,616	1,093,188
Charitable Activities
Rental Income				1,894,881			1,894,881	1,725,834
Contract Income				1,139,828			1,139,828	964,606
Other Income				23,886			23,886	27,816
Investment income				1,992			1,992	1,688
Other trading activities
Fundraising				30,776			30,776	95,368
Other				620			620	17,029
				3,277,987		1,122,633	4,400,620	4,088,964
Expenditure:
Raising funds				199,844			199,844	175,931
Charitable activities			7	2,853,445	38,012	1,336,321	4,227,778	3,561,808
				3,053,289	38,012	1,336,321	4,427,622	3,737,739
Net income/(expenditure)				224,698	(38,012)	(213,688)	(27,002)	351,245
Transfers between		funds	17	79,778	(79,778)
Other recognised	gains
Gains on revaluation		offixed
assets					172,500		172,500
Net movement in	funds			304,476	54,710	(213,688)	145,498	351,245
Reconciliation offunds
Total funds brought		forward		223,315	1,957,409	758,947	2,939,671	2,588,426
Total funds carried		forward		527,791	2,012,119	545,259	3,085,169	2,939,671

For the year ended 31Augus 4. Donations &grants	t 2022
											2022	2021
											E	f.
Donations											150,174	161,021
Grants											1,160,966	1,147,616
											1,311,140	1,308,637
All donations are generated	through		the Business Development					Unit.
Analysis ofgrants
											2022	2021
												F
National Lottery Community	Funds	-	Talent	Match								66,667
The Peter Vardy Foundation												109,551
Charities Aid Foundation												59,688
Community Foundation												63,795
Landaid Charitable Trust												70,000
Merce rs												57,855
Baynes												30,000
MCN Consortium B8Q Foundation CCG											5,000	2,600 5,000 22,818
NatWest Circle Fund MFS Investment Management												2,500 5,000
Southwark Council											5,168	34,494
Zonta London Fund											260	520
Jack Petchey Foundation (Big Give)											750
Blue Stone Collaborative											900	3,100
Communities CAN (North East) Ltd											1,000
Community Foundation Serving Tyne			8 Wear and Northumberland						(Muckl	e LLP)	1,000
Akzo Nobel											1,000
The Barbour Foundation											1,000
The Durham Masonic Benevolence		Fund									1,000
Sandra Charitable Trust Jack Petchey Foundation											1,000 1,200
The WA Handley Charity Trust											2,000
National Lottery Community	Fund (BBOMoving				On Tyne		8 Wear)				2,500
Sir John Priestman Charitable Trust											2,500
Community Foundation Serving Tyne			8 Wear and Northumberland								3,000
The Samuel Storey Family Charitable			Trust								3,000
Gateshead Council Jack Petchey Foundation (Reignite Fund) Safe Lives (The Circle Fund)											6,182 4,000 5,000	7,500 1,000
Community Foundation Serving Tyne			8 Wear and Northumberland						(Linde	n Family
Fund)											5,000
Changing Futures											18,095
DWP Access to work											8,701
Gateshead Council (Financial Capability)											8,750
National Lottery Community	Fund (Awards for All)										10,000
Northumbria Police 8 Crime	Commissioner			(MOJ DNSV Community					Fund		10,300
National Lottery Community	Fund (Help through				Crisis)						32,914
National Lottery Community	Fund (BBOWise Steps)										33,460	26,159
Fulfilling Lives											37,457
Northumbria Police &Crime	Commissioner			(Supporting		Victims Fund)					48,448	47,373
National Lottery Community	Fund (Reaching			Communities			-Sunderland)				66,500
National Lottery Community	Fund (BBOMoving				On Tyne &Wear)						80,289	77,101
National Lottery Community	Fund (Reaching			Communities			-Gateshead))				100,000

Barclays	Bank			100,000
Durham	County	Council	MHCLG	548,170	448,468
Other				5,422	6,427
				1,160,966	1,147,616

5.
	2022	2021
	f,	E
Home Basis	2,876,591 29,710	2,529,074 524,841
Aspire		4,680
	2,906,301	3,058,595

. Expenditure on charitabl	e activities
	Direct	Support
	Costs	Costs	2022	2021
Home	2,347,243	371,455	2,718,698	2,962,220
Basis	828,905	230,414	1,059,319	947,104
Empower	118,297	39,799	158,096	123,542
Aspire	173,227	56,556	229,783	194,912
	3,467,672	698,224	4,165,896	4,227,778

upport costs above include Govern	ance costs as shown below
	2022	2021
	F	E
Home	31,779	28,085
Basis	19,712	12,244
Empower	3,405	1,684
Aspire	4,838	3,505
	59,734	45,518

. Allocation ofsupport cos	ts
		Office	Office
	Staff	premises	running	Total
			E
Home Basis	176,143 109,262	26,588 16,493	168,724 104,659	371,455 230,414
Empower	18,873	2,849	18,077	39,799
Aspire	26,819	4,048	25,689	56,556
	331,097	49,978	317,149	698,224

								2022	2021
Staff costs Legal fees								35,715	36,758 3,204
Office running								5,011	156
Recruitment								13,368
Audit								5,640	5,400
								59,734	45,518
0. Net income/(expenditure)					for the year
This is stated	after charging:
								2022f	2021
Depreciation	of	tangible	fixed	assets owned		by the charity:		51,619	17,728
Loan interest	paid							16,425	14,854
1. Auditors		remuneration
								2022	2021
								E
Fees payable	to	the charity's		auditors for the		audit ofthe annual	accounts	5,640	5,400

Staff costs were as follows:
	2022	2021
		F
Wages and salaries Social security costs	2,020,806 173,482	2,001,740 149,335
Other pension costs	138,088	127,373
	2,332,376	2,278,448

The average	monthly
		2022	2021
		Number	Number
Chief Executive		1	1
Project staff		76	80
Administration	and support	22	24
		99	105

13. Tangible fixed	assets (as re	stated)
		Freehold
	Freehold	part-	Long	Leasehold	Motor	Computers
	property K	owned F	leasehold	improvementsf	vehicles	8 fixtures E	Total
Cost
At 1 September 2021 Additions Disposals Revaluation	1,942,502 11,136	156,850	410,000	24,294	4,080 (4,080)	52,470	2,590,196 11,136 (4,080)
At 31August 2022	1,953,638	156,850	410,000	24,294		52,470	2,597,252
Depreciation
At 1 September 2021 Charge for year Disposals Revaluation	38,850 (38,850)	16,665 3,333	8,200 (8,200)	24,294	4,080 (4,080)	51,234 1,236	96,273 51,619 (4,080) (47,050)
At 31 August 2022		19,998		24,294		52,470	96,762
Net book value
At 31 August 2022	1,953,638	136,852	410,000				2,500,490
At 31 August 2021	1,942,502	140,185	410,000			1,236	2,493,923

In respect ofthe assets	stated at valuati	ons the compa	rable historic
	Freehold	Long
	Property	Leasehold	Total
Cost
At 1 September 2021	1,795,903	539,331	2,335,234
Additions	11,136		11,136
Disposals
At 31August 2022	1,807,039	539,331	2,346,370
Depreciation
At 1 September 2021	337,024	69,443	406,467
Charge for year	35,919	10,787	46,706
Disposals
At 31 August 2022	372,943	80,230	453,173
Net book value
At 31 August 2022	1,434,096	459,101	1,893,197
At 31 August 2021	1,458,879	469,888	1,928,767

Surveyors and reviewed by the directo 14. Debtors	rs in November	2022 to ensure valuatio	ns remain reasonable.
			2022	2021
				F
Trade debtors Other debtors Prepayments 8 accrued income			515,169 10,438 226,096	408,652 4,661 285,512
			751,703	698,825
15. Creditors: amounts falling due within one		year
			2022	2021
			F	E
Bank loans Trade creditors Social security and other taxes Other creditors Accruals and deferred income			43,162 102,909 43,964 91,242 133,540	24,714 111,355 39,475 76,706 222,520
			414,817	474,770
Deferred income comprises contracts	relating to future periods.
Balance at 1 September 2021 Amounts released to income earned Amounts deferred in the year	from charitable	activities		104,412 (104,412) 76,621
Balance at 31August 2022				76,621

6. Creditors: amounts falling du	e after more than one year
		2022	2021
Bank loans		535,185	575,174
Amounts falling due in more than 5	years:
Bank loans more than 5 years payable	by instalments	362,538	476,319

Year	ended	31 Au	ust 2022
			Balance at	Incoming	Resources		Gain/	Balance at
			1Sept 2021	Resources	expended	Transfers	loss	31Aug 2022
					F	E		E
Unrestricted	funds
General fund			527,791	3,090,866	(3,010,538)	(32,677)		575,442
Designated	funds
Property fund Revaluation reserve			1,554,783 338,016		(50,383)	79,727 (47,050)	47,050	1,584,127 338,016
Elizabeth House
refurbishment fund Maintenance fund Systems upgrade Beneficiary fund		fund	5,000 44,000 25,320 30,000		(19,206) (12,667) (15,000)			5,000 24,794 12,653 15,000
Support costs fund			15,000		(15,000)
			2,539,910	3,090,866	(3,122,794)		47,050	2,555,032
Restricted funds
Home Basis			77,878 345,408	48,349 806,387	(96,494) (881,753)			29,733 270,042
Empower			42,139	78,191	(96,256)			24,074
Aspire			79,834	246,938	(198,047)			128,725
			545,259	1,179,865	(1,272,550)			452,574
Total funds			3,085,169	4,270,731	(4,395,344)		47,050	3,007,606

Year ended	Au	ust 2021
		Balance at	Incoming	Resources		Gain/	Balance at
		1Sept 2020	Resources	expended	Transfers	loss	31Aug 2021
				F			E
Unrestricted funds
General fund		223,315	3,277,987	(3,053,289)	79,778		527,791
Designated funds
Property fund Revaluation reserve Property development Elizabeth House	fund	1,594,925 165,516 28,221		(13,332)	(26,810) (28,221)	172,500	1,554,783 338,016
refurbishment fund Maintenance fund Systems upgrade fund Housing management Loan repayment Beneficiary fund Support costs fund	fund	20,000 44,000 10,000 44,747 50,000		(20,000) (4,680)	5,000 20,000 (44,747) (50,000) 30,000 15,000		5,000 44,000 25,320 30,000 15,000
		2,180,724	3,277,987	(3,091,301)		172,500	2,539,910
Restricted funds
Home Basis Empower Aspire		83,260 511,683 57,433 106,571	336,127 589,017 80,819 116,670	(341509) (755,292) (96,113) (143,407)			77,878 345,408 42,139 79,834
		758,947	1,122,633	(1,336,321)			545,259
Total funds		2,939,671	4,400,620	(4,427,622)		172,500	3,085,169

F	or the	earended 31Au ust 2022
			Unrestricted	Restricted	Total
			funds	funds	funds
				E	f.
Tangible Current Creditors Creditors	fixed assets due due	assets within one year in more than one year	2,500,490 1,004,544 (414,817) (535,185)	452,574	2,500,490 1,457,118 (414,817) (535,185)
			2,555,032	452,574	3,007,606

F	orthe	earended31Au ust2021
			Unrestricted	Restricted	Total
			funds	funds	funds
			F	E
Tangible Current Creditors Creditors	fixed assets due due	assets within one year in more than one year	2,493,923 1,063,017 (441,856) (575,174)	578,173 (32,914)	2,493,923 1,641,190 (474,770) (575,174)
			2,539,910	545,259	3,085,169

Change to the balan	ce s	heet
				As previously		As restated
Fixed assets Freehold part owned	- accumulated		depreciation	reported 3,333	Adjustment F 13,332	31 Aug 2021 f. 16,665
Funds
Designated Property	fund			1,568,115	(13,332)	1,554,783
Change to the statement		offinancial	activities
Expenditure				(4,214,446)	(13,332)	(4,227,778)
Net income/(expenditure)		for the year		(13,670)	(13,332)	(27,002)