Company number: 05300083 (England and Wales)
Charity number: 1107554
Oasis Aquila Housing Ltd
(A company limited by guarantee)
Directors Report and Financlal Statements
For the year ended 31 Augusl 2024

Oasis Aqulla Housing Ltd
(Trading as Oasis Community HousinE- A company limited by guarantee)
Contents
Page
Report of the Trustees
2-11
Independent auditors, report
12-14
Slatemenl of financlal activllies
15
Balance sheet
16
Notes to the financial statements
17-29

Oasi5 Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by guaranteel
Report of the Trustees
For the year ended 31 August 2024
INTRODUCTION
The 2023-24 Financial Year has seen the breadth and depth of our work continue to respond lo the steady growth
of homelessness. This is in spite ofthe economic headwinds of the ongoing Cost of Living crisis. and an
environment in which income generation has never been more challenging.
Within this context the numbers of people that WG are supporting has remained fairly steady, however, the diversity
and complexity of thos& we support has increased. This diversity has been driven largely by the growing number of
rgfugees Goming into our services., whilst the complex challenges facing those we support arise out of a
comblnalion of both the increasing absence of public sector servic8s. and our growing understanding of the Impact
of trauma on homelessness.
Correspondingly, our income has grown in the financial year by £228k. Our expenditure has decreased by £151k.
However, il is the growth of our work on the ground that best illustrates the currenl direction and core purpose of
our mission. Some of the standout slalislics of the last year include..
30,507 actions of all kinds taken by our siaff team to support those we serve across our work over the course
of the year, this is a 3.10 increase on the prior year.
More than 1,250 individuals supported through our services - whilst this is a small 3.80/0 fall in the cumulative
number of individuals we have been supporting since the previous year. the actions to support these
individuals (as above) has risen showing an increase in the breadth of our work.
910 individuals engaging with one of our Crisis Services.
335 times we directly prevented or alleviated homelessness.
900/0 of women sUPPOrted by our Empower domestic abuse team said they fell safer as a result. The total
number of women supported has risen to 217. a 400A increase on the prior year.
196 Indlviduals or families housed In our supported accomrnodalion, of which 105 are Individuals housed In our
2417 Home supported accommodation (excluding Children).
In addition, we have continued to branch out into new a￿aS of work as opportunities have arisen. One of the most
significant new developments for OCH during 2023-24 has been our shorl-term emergency supporled
accommodation project in Houghton-le-spring. We are working in partnership with Sunderland Council to provide
self-conlained flats with 2417 support for individuals who have experienced rough sleeping. Also, in 2023-24 we
successfully tendered for work within Galeshead,. this will be mobilised in 2024-25 financial year and will provide
Housing First solution for up to 20 individuals in Gateshead and South Tyneside,. 2417 Supporled Accommodation
and Emergency Accommodation for people who have experienced rough sleeping or homelessness who also have
multiple and complex needs: and an Outreach and Resettlement service in Gateshead and South Tyneside. W8
are looklng forward to bringing these additional services to the Gateshead and South Tyneside areas in 2024-25
and beyond.
In the general election in July 2024, our Chief Executive David Smith was elected as a Member of Parliamonl and
therefore, resigned from Oasis Community Housing with immediate effecl. The Board appointed Sarah Lister, our
Chief Operating Officer, as Acting Chief Executive to provide stability and Continuily to the charity. Recruitment for
a permanent Chiéf Executive commenced in 2025.
OUR ADVOCACY WORK
Following the launch of our research-led. homelessness advocacy campaign, Tackling Trauma, Ending
Hom818ssness In 22-23, our advocacy work has continued al pace.
This campaign is based on research thal we commissioned from Northumbria University and which shows,
amongst other startling statistics, that 94¥0 of people facing homelessness have also experienced trauma in their
lives. Furthermore, the research demonstrates Ihal homelessness itself is a trauma, with 28 % of respondents
reporting trauma as a result of the process of becoming homeless (e.g. domeslic abuse), and 38 % reported
traumatic experiences as a fesult of being homeless {e.g. never feeling physically or psychologically safe). Indeed,

Oasis Aqulla Housing Ltd
(Trading as Oasis Community Housing - A company limited by guarantee)
Report of the Trustees
For the year ended 31 August 2024
65010 of people directly link trauma and its impact to their Current housing situation suggesting trauma is often a
trigger for homelessness.
Over the course of 2023-24, the campaign has continued to grow. and we have participated in numerous
opportunities to Share our findings within academic symposia, the media, Local Authorities and directly with political
parties at the party confarences. The report is calling for:
The establishment of minimum siandards for Ihe delivery of trauma-informed homelessness support
services.
The development and roll out of a national Irauma-informed training programma in England, mandaled for
Local Authorities and providers of commissioned homelessness servicas.
The requirement for Local Authorities to only commission services supporting people experiencing
homelessness that are trauma-informed, psychologically-informed and person-centred.
The development of dedicated mental health pathways for p8ople experiencing homelessness that
acknowledge and reflect the challenges posed by tha chaos of homelessn&ss and the impact of trauma.
The next focus for the campaign will be to continue lo bring the campaign to prominence wlth the new Labour
government and we have invited all of the local MP'S which have an Oasis Community Housing project in their area
to visit our projects and hear about the work we have done and conlinue to do on Irauma.
OUR CONTEXT, OUR ACTIVITIES AND OUR ETHOS
Oasis Community Housing {OCH) is a charily wilh 40 years of experience of providing a Christian response to
homelessness and disadvantage. Our expertise and emphasis is on providing bespoke housing and support to
those facing crisis and particularly homelessness.
This continues to find ils expression in four broad activities, which cover all our work.. Home (Supported
Accommodation). Basis {Crisis Services), Aspire (Employability and Financial Capability Programmesl and
Empower (Domestic Abuse Support). Each of these broad activities 15 Outlined in grealer detail below.
We do this work because we believe all people are made in the image of God, have inherent worth and are created
to be loved. We believe the image of God is expressed most fully together in community.
Our vlslon Is.. For everyone to be part of a community where they are included, belong and have what they need
to reach their God-given polential.
Our mlsslon Is: To transform communiti8s by creating access to housing, 8ddr8ssing homelessness and
journeying with p8opl& as th8y fulfil their God-given pot8ntial.
OCH Is a subsidiary of the Oasis Charltabl8 Trust (OCTI which brings togglher the following organisatlons to create
integrated, empowered and inclusive communities so that all people experience whol8ness and fullness of Ilfe. The
olher subsidiaries of OCT are..
Oasis Community Learning - a Multi-Academy Trusl running 52 primary and secondary schools across
England
o Oasis Community Parlnerships- a Community-based charity doing grassroots community developmanl,
including youth work and other locally-owned projects in 18 hubs across England
Oasis Restore-a secure school enabling young people to live their b8sI lives, through education well-being
& hope. It will care for children aged 12-18 who ar8 on remand and sentenced to custody by th8 Courts.
Stop The Traffik- a charity whose aim is to bring an end to human trafficking.
Oasls Communlty Houslng's A¢tlvlty
Oasls Community Housing has a strong track record in supporting vulnerable people to become Ihrivlng,
contributing members of the local community. Our core activity since inceplion has been in the field of supported
housing, which we call Home. Through this work. we have developed specialist services lo support homeless
young people, homeless yOL¢ng mums and their children. and increasingly anyone who finds themselves homeless.
Our aim is to provide qualily accommodation and holistic support, while promoting independence at all times.

Oasi5 Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by guaranteel
Report of the Trustees
For tho year ended 31 August 2024
We also operale drop-in centres for individuals facing a homelessness Grisis and a continuum of accommodation
along a spectrum, including Housing First provision. and a range of other activities for those in crisis, which we call
Basis.
Furthermore, we address the causes of homelessness by working with those affected by Domestic Abuse, which
we call Empower and by barriers to employment, which we call Aspire. We undertake all of Ihis activity because in
some way these issues contribute to the causes or consequences of homelessness.
Oasls Community Houslng's Ethos:
Our ethos is rooted in the Christian faith and we have five core values. which come from elements of this faith,
reflected in the life and work of Jesus. These values are:
Hope - We have a deep sense of hope that things can change and be transformed, regardless of what the
currenl circumstances may say. We will encourage those we serve to dream big dreams.
Worth - We believe in the inherenl worth and dignity of all people. we will therefore treat everyone equally,
respecting differ8nc8s.
Incluslon - Everyone has a need lo belong. So we are passionate about including everyone.
Perseverance - We are committed to People and communities for th8 long term. and wlll give s6cond, third
and fourth chances.
Llfe - We will work to enable 'life in all its fullness, to b6 a reality for those we work with.
Our organisalion is comprised of staff and volunteers from all faiths and none, but all our staff understand and
sympalhise with the Christian ethos and values of Oasis Community Housing and commit to embedding these
values in their work.
We consider our Christian ethos to be a reason to champion equal opportunities, stemming from our belief that all
are made in God's image, and we are commitled lo both Ihe transformation of communities and lo the inclusion of
ev8ry parson in that process. It is because of our Chrislian ethos. not in spite of it. that in all that we do Oasis
Community Housing will:
Serv8 and respect all people regardless of their age. dlsabillly, gender, race, elhnlc orlgin, religion or
beliefs, pregnancy or maternity status, marital or civil partnership status, sexual orienlalion, physical and
mental capacity.
Acknowledge the freedom of people of all failhs and none lo both hold and to express their beliefs and
convictions respectfully and freely, within the limits of the UK law.
Never impose its Chrislian faith or belief on others.
Oasls Community Houslng's Strategy
Oasis Community Housing believes Ihal by delivering S8￿IceS of a high quality, infused with our ethos and values,
we will be successful in supporting people to overcome challenges and fulfil their potential.
The past year has been the final year of our 3-y8ar organisalional stralegy, the objectives of which are..
Our Growth.. To have a substantial range of all of our activities in at least four English regions
Our Leadership.. To be sought out as a valued and respected homelessness charity by key stakeholders in
the Church, local aulhorily, housing associations, government departments and the wider sector
Our Ethos.. To ensLrre that our Chrisl-Gentred ethos and values remain central to the way that we work, and
that we are articulating it in the way that we talk about it to others
Our Sustalnablllty.. To be a financially resilient organisation with a sustainable and mixed income stream
Our Team: To ensure we hav& the right people. processes and tools to support these straleglc objectives
Our assessment at the end of the third year Is that in all objectives we have made good progr8ss across all five
objectives. Although, some objectives naturally have not come to fruition, this is mainly due to a change in focus by
the charity. Strategy evolves and responds to emerging opportunities and challenges. Thus, some objectives
included in the existing strategy may have become less relevant andlor applicable and new ones have emerged.
Nonetheless. we have delivered in the following areas:
Our Growth: We have activities in five English regions

Oasis Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Report of the Trustee5
For the year ended 31 August 2024
Our Leadership.. We have further developed our trauma campaign and are sought oul as a recognised
partner in this area. We have good relalionships across local authorities, housing associations and with
wider sector through Homeless Link.
Our Ethos.. We have continued lo develop our Christ-cenlred elhos and values, particularly through the
work of our Director of Chaplaincy and through the lenders we submit.
Our Sustalnabllity.. We have grown our unreslricted income and Gapacity in this area and aim to further
develop this in our new strategy.
Our Team.. We have undertaken a large amount of work to ensure that we have tha right paople, in the
right place, doing the right thing.
2024.27 Strategy
Our 2024-27 Strategy was developed during the year, however, our Chief Execulive, David Smith, was elected to
Parliament in the July election and Iherefore, the formal implementation of the full new strategy has been placed on
hold until a new permanent Chief Executive is in post. The Board approved a drafl slrategy for Oasis Community
Housing lo follow at the Board Meeting on 11 July 2024 to include the following objectives:
1) Insplr8 and Influence change wlthln the homelessness system - We will become 8 leading example of
best practice and continuous improvement within the hom8lessn8ss sector, advocating for our approach
and using the voices of both our staff and those we serve, in order to change th8 homelessness system for
the good of the people we s8rve.
2) Alm to grow the number of people whom we are supportlng through our person.centred approach
by 50 /0 and enable more of them to move on and contribute lo flourlshlng community - We will bring
a slep-change lo the scale of our work in order to do our part to tackle homelessness where we work.
3) Develop the flnanclal sustainability of the charlty We will take aclion to ensure that the sources of
income which fund our work are more varied and have signtficanlly greater longevily in 2027 than in 2024.
RESOURCING AND SUPPORTING OUR WORK
During 2023-24 we refocused our Business D8v8lopmenl Unil into a Fundraising and Communications T8am. Th@
team continued to work hard to secure bolh Unrestricted Income (URI) and Restricled Income (Rl). Our ov8rall
performance on URI, continued to be strong in challenging circumstances as we secured £253,950 (2023..
£262,090) that was directly attributed to our fundraising activity in the year. Our overall unrestricted Income
(excluding rental & contract income) was £292.562 {2023: £301.697).
How8V8r, we must also set these achievements against the ambitious growth targets that we were unable lo meet
in the year- especially our £500k URI target. Meeling this largel was largely dependent upon us being able to
build our fundraising capacity in the Soulh East in order lo lap into potential new income streams and supporters.
Through a restructure of the Fundraising and Communications Team. we recruited a Philanthropy and Partnerships
Manager who has a particular focus on the South East, however, we are unlikely lo see the fruits of this new post
until well into 2024-25.
Nevertheless, many of our fundralslng products and initiatives. had landmark years. For Instance, our annual
Giving a Home Christmas fundralsing campaign raised over £120k, the largest sum we have ever achieved in
single fundraising appeal. Equally, our major events such as our Black and Gold Ball and our participation in the
Great North Run saw strong returns on our investment. We also developed crucial new partnerships with local
businesses in the North East.
These results in what is undoubtedly a very difficult fundraising environment for all charities in the UK show that our
mission remains compelling to potential supportèrs and thal our investment in fundraising remains the correct
approach.
Our Fundralslng Standards
We are members of the Chartered Institute of Fundraising and signatories to their Code of Fundraislng Practice.
Amongst other things, this means that any communications to the public made in the course of carrying oul
fundraising activity shall be truthful and reflect our ethos and values. that our appeals will slate whether funds
raised are for general funds or a specific purpose, and Ihat all money raised via fundraising activities will be for th8
stated purpose of the appeal and will comply vrilh the organisation's staled mission and purpose.
Vvhere fundraising is carried oul on our behalf. il is done $0 by wrporate volunteers or church and community
groups. In order to 5UPPOrt this process and maintain our standards. we employ slaff to work closely with these

Oasis Aqulla Housing Ltd
(Trading as Oasi5 Community Housing- A company limited by guarantee)
Report of the Trustees
For the year ended 31 August 2024
volunteers and supporters, and they are given relevant guidance where necessary. Furthermore, we have a
Fundraising Statement which summarises our standards and approach to fundraising, and which is available for
volunteers and other supporters.
All personal information collected by OCH is confidential. is not for sale or lo be given away or disclosed to any
third party without consent, and complies fully wilh GDPR standards. Nobody directly or indirectly employed by or
volunteering for OCH accept commissions. bonuses or payments for fundraising aclivilies on behalf of the
organisallon, and no general solicilalions are undertaken by lelaphone or door-to-door.
We have had no fundraising complaints in the last financial year, however If someone wants to make a complalnt
about our fundraising, we will tell them about our complaints procedure and provide it to them in writing upon
request.

Oasis Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Report of the Trustees
For the year ended 31 August 2024
FINANCIAL REVIEW
In addition to the work of our Fundraising and Communications Team mentioned above, we have also begun to
lean more heavily into securing sustainable income for our work via tendering for new contracts or for existing
contracts when they are renewed or extended. During the year we successfully secured the contract for emergency
supported accommodation in HoLtghton-le-Spring and various conlfacts for Multiple and Complex Needs in
Gateshead and South Tyneside. We also tèndered for. and won, contracts for the Young Person's supporled
accommodation services in Gateshead. These new contracts will be mobillsed during the spring of 2025, with the
new servlces being delivered from June 2025.
We also continue to receive a large proportion of our income from Housing Benefit and rent.. £1,893,74812023',
£1,765,791 }.
Our financial results are shown on page 15. Incoming resources tolalled £4,743,863 (2023.. £4,516.0901 of which
£1,378,37012023: £1 ,350.3431 related to restricted funding for specific projects. Resources expended tolalled
£4,470,71012023: £4.622.040).
Overall, we have a surplus In the year of £273.154. (2023: surplus of £104.062). General unreslrict8d reserves are
showlng as £584,484 (2023.. £457,442). Net assets carried forward at the year4nd are £3,384,82212023:
£3,111,668).
This year there was a net surplus on restricted income of £195,698 (2023: surplus £94,341). These fluctuations
largely reflect the timing of receipts from some of our funders who either make mulli-year grants or within the
framework of the UK Financial Year. This means Ihal we record expenditure for some grants in th8 current year,
bul income from the grant{s) in previous financial years and vice versa.
Our unrestricted reserves increased by £127,042 during the year. whilst this still falls short of what our policy
requires, we continue to work towards increasing ihem.
Reserves pollcy
The Board has a target for our cash reserves which we believe is adequale for ensuring sufficient cash flow for the
charity and to meet all our obligations.
The Board have set the reserves level to aim for al £700,000, being 3 months budgeted staff costs, non-residential
rent, rates and loan repayments. At the end of the year unrestricted reserves were £584.484 being 2.5 months of
these Costs.
Whilst we are not yel al our cash r8serves larg8t cash reserves target, the charity holds a significant level of assets
In the form of residential properties. Should the charity require additional finances we are abl8 to lake the decision
to sell some of our properties to provide the funds required and our reserves policy acknowledges this additional
form of capital the charity has access to.
Al the end of the financial year, we held designated funds of £2.057.725 {2023'. £2,107,311) including a revaluation
reserve of £470,733 (2023: £470.733) details of which can be found in Note 17. Details of other designaled funds
can also be found in this note.

Oasis Aqulla Houslng Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Report of the Trustees
For the year ended 31 August 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered company number:
Registered charily number:
Registered office:
05300083 (England and Wales)
1107554
FL 14, 7-8 Delta Bank Road, Metro Riverside Park. Gateshead, NE119DJ
Advlsors
Auditors:
CLA Evelyn Partners. 17 Queens Lane. Newcastle upon Tyne, NE11 RN
Solicitors:
Ward Hadaway, Sandgate House. 102 Quayslde. Newcastle upon Tyne. NE1
3DX
Bankers:
Unity Trust Bank pl¢. Four Brindley place, Birmingham, B12JB
Triodos Bank, Deanery Road, Bristol, BS1 SAS
Ecology Building Sociaty, 7 Balton Way, Silsden. Keighl8y, BD20 OEE
Nationwide Bulldlng Society. Kings Park Road, Moulton Park. Northampton,
NN3 6NW
The Charity Bank Llmited. Fosse House, 182 High Street. Tonbrldge, TN9 1 BE
Directors and Trustees
The directors of the charitable company are its trustees for the purpose of charily law. The truslees and officers
serving during the year and since the year end were as follows..
NW Salisbury BA (Honsl ACIB Appointed April 2014 (Chair from 07 July 2021 >
K Ginks BA (Hons) PG Dip MRICS Appointed November 2015
Bishop M Bryant 8A (Hons) Appointed 22nd January 2018
A Morris BEng {Honsl CIMA Appointed November 2018
A Griffilhs PhD, MA & BA (Hons) Appointed 26 January 2022
W Wailhaka MBA CIMA Appolnted 26 January 2022
S Coles Bsc MBA DIC FRSA Appolnted 4 October 2024
J Wood Appointed 4 October 2024
Trustees who stepped down durlng Ihe perlod
R Tierney BA (Hons) Appointed 26 January 2022, stood down 19 Seplember 2023
F Bowman, MBA CIWFM FCMI Appointed 03 August 2021, stood down 9 May 2024
J Norton BA (Hons) Appointed 26 January 2022, slood down 12 July 2024
Key management personnel
The key management personnel are the non-executive directors of the organisation, who are r8sponsibl8 for the
day-to-day management of the charily's a¢livilies'.
Chief Executive Offi¢er'. D W Smith MA (Hons). MPhil. commenced in post September 2016, left 11 July 2024
Chief Operating Officer: S Lister BA (Hons). FCA, commenced in post June 2018, became Acting Chief Executive
Officer 8 July 2024
Director of Chaplaincy.. P Conn, changed role from September 2022
Director of Programmes.. C Wood, commenced in post September 2022, left 19 July 2024
Director of Housing.. J Gauden-Hand (LLB). commenced in post April 2014

Oasis Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Report of the Trustees
For the year ended 31 August 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing documenl
The charily is controlled by its governing documents, a deed of trusl, and constituted as a limited company, limited
by guarantee, as defined by the Companies Act 2006. A new Memorandum and Articles were adopted in April
2014.
Oasis Aquila Housing {Irading as Oasis Community Housing slnce September 2018) is a charitable company
limited by guaranleo, incorporated on 30 November 2004 and registered as a charity on 11 January 2005. The
company was established under a Mamorandum of Association which established the objects and powers of the
charitable company and is governed under its Articles of Association. In the event of the company being wound up
members are required to conlribute an amount not exceeding £10.
Recruitmenl and appolntment of Board
The directors of the company are also the trustees under charity law. Under the r8quir8ments of the M8morandum
and Articles of Association the trustees are elected lo serve for a period of three years after which they can be re-
81ecled in accordance with the Articles up to a maximum of three terms. All the initial trustees were appointed as
subscribers to the Memorandum and Articles ofAssoGiation.
Truslee induction and training
Most Irustees are already familiar with the practical work of the charity. Additionally, new trustees are invited and
encouraged lo allend a series of short meetings with the Chief Executive Officer, Chair and Senior Management lo
familiarise themselves wilh the charity and the context within which It operates. These cover.,
The obligations with th8 Board.
The main documents which set out the operational framework of the charity including the Memorandum
and Articles of Association.
Resourcing and the current financial position as set out in the latest published accounts.
Future plans and objectives.
Responsibilities and Delegation of Authorlty
The trustees are responsible for the strategic direclion and policy of the charity. At presenl we have eight Iruslees
from a variety of professional backgrounds relevant lo the work of the charity.
A schemo of delegation is in place and day to day responsibility for the provlslon of the services rests with the Chief
Executive (CEO) along with the Executive Team of Directors. The CEO is responsible for ensuring thal the charity
delivers on the Charitable Objects, vision and mission of the charity, including through the selting of time-bound
strategies that turn these into tangible objectives.
The Chief Operating Offlcgr {COO) lak8s a18ad on the strategic development of the finance and support servlces
of Oasis Communlly Housing, ensuring we have the right policies, process8s, compliance and fesourc8S that we
need in order to deliver the highest quality support to both our slaff and those we empower through our frontline
services. In addition, Ihe COO is also responsible for the day to day operations of the charily. line-managing the
Director of Programmes and the Director of Housing.
The Director of Housing is responsible for the strategic development of our Supported Housing and ensuring the
day to day operational management of our supported housing projects across England runs effectively. The
Director of Programmes is responsible for tha strategic development of our Crisis Services, Employabilily and
Domestic Abuse Programme5 and ensuring the day to day operational management of these is effective. Bolh are
responsible for ensuring that their respective projecl teams are supervised and supported and ensuring that the
teams continually develop their skills and working praclices in line with good practice.
Related party relationships
Oasis Community Housing Ltd is a wholly owned subsidiary of Oasis Charitable Trust {OCT) Company Limited by
Guarantee number 2818823 and Regislered Charity number 1026487. The relalionship is governed by an
Intra-Group Agreement. N Salisbury is a director of OCT in addition to Oasis Community Housing.
Pay policy

Oasls Aquila Houslng Ltd
(Trading as Oasis Community Housing - A company limited by guarantee)
Report of the Trustees
For the year ended 31 August 2024
The pay of the Chief Executive is set by the Board. The Board of Trustees hold an annual remuneration sub-
comrnillee where pay awards or Cost of Living increases are agreed. The pay of all senior staff, with the exception
of the Chief Executive follow the pay scales of the organisation which are evaluated according to the
responsibilities of the post, with set grades and increments of pay. We are an accredited Real Living Wage
employer and ensure that our staff receive a real living wage in both the North East and London. Our Salary Scales
were reviewed and updated in November 2022 in relation lo bolh inftationary pressures brought on by the Cost of
Living crisis, and in the light of increases to the Roal Living Wago. The pay of the Chief Executive is benchmarked
with charities of comparable scale and reach and approved by the Oasis Community Hotjsing HR & Remuneration
subcommittee.
Rlsk management
The Board reviews the risks faced by the charity on a quarterly basis, mainlaining a risk register of the major risks
faced by the charity and the strategies in place to manage the risk effeclively. The greatesl risks faced by the
charity currently are financial risks and risks relating lo the characteristics of the clients. Funding streams are
monitored closely by the trustees al full Board level and through the Finance. Audit and Risk Subcommittee,
attended by the Chair, Vice Chair and Executive Team. Staff and volunteers are subject lo DBS procedures and
lon8 working strategies are In plac8 and regularly r8viewed to ensure the safety of staff and servlce users.
During the period the Safeguarding. Health & Safety Subcommitte8 has met three times to provlde governance
oversight of all Safeguarding activity throughout the charity. This ensures that the Safeguarding of children and
vulnerable adults remains a key priorily in Ihe governance of the organisation and that our Safeguarding Strategy is
owned at the highest level.
Our governance and executive oversight are enhanced by the day-lo-day operational focus that the senior
leadership of the staff have on both health & safety and safeguarding. Our Health & Safety Officer keep5 our H&S
awareness and practice up to date through regular inspections and staff training. and every Project Team Leader is
the H&S lead wilhin their own project lo ensure bolh authorily and accountability. In 2023-24 we received an
external Health & Safely Audit lo obtain an external perspective, and we have been implementing the
recommendations over the past 9 months.
10

Oasis Aqulla Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Report of the Trustees
For the year ended 31 August 2024
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The trustees (who are also directors of Oasis Communily Housing Ltd for the purposes of company law) are
responsible for preparing the Directors. report and the financial statements in accordance with applicable law and
United Kingdom AGGounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the slate of affairs of th8 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 lo-
select suitable accounting policies and then apply Ihem consistently-
observe the methods and principles in the Charities SORP:
make judgements and estimates Ihat are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject to any malerlal departur8S
disclosed and explain8d in the financial statements-
prepare the financial statements on a going concern basis unless it is inappropriate to presum8 that the
charilable company will continue in operation.
The Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime the financial position of the ¢harilabl8 company and 8nable them to ensure that the financial slat8menls
comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
So far as each of the trustees Is aware at the time the report Is approved:
there is no relevant audit Information of which the charitable company's auditors are unaware, and
the Directors have taken all steps Ihal Ihey ought lo have taken to make Ihemselv8s aware of any relevant
audit information and to establish Ihat the auditors are aware of that information.
Audltors
In accordance with the compelitiv8 tender undertaken in 2022 CLA Evelyn Partners were reappointed as auditors.
Thls report was approved by the Irustees on 11.10.71 2fand signed on their behalf, by:
v(LJ
N W Salisbury BA (Hons) ACIB
Chair

Oasls Aquila Housing Ltd
{Tradlng as Oasis Community Housing- A company limited by guarantee)
Independent Auditors. Report to the members of Oasis Aquila Housing Ltd
For the year ended 31 August 2024
Opinion
We have audited the financial stalements of Oasis Aquila Housing Limited (the 'charitable company,) for the year
ended 31 August 2024 which comprise Ihe Statement of Financial Activities. Ihe Balance Sheet and notes to the
financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounling Standards. including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Ropublic of Ireland (United
Kingdom Generally Accepted Accounting Praclice).
In our opinion the financial stalemenls:
give a true and fair vi8w of the stale of the charitable company's affairs as al 31 August 2024, and of ils
Incoming resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance wilh the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit In accordance wlth Intemational Standards on Auditing {UK> (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in th8 auditor responsibilities for the audit of
the financial statements sectlon of our report. We are indep8ndent of the charitable company in accordance with
the ethical requirement5 Ihat are relevant to our audit of the financial statements in Ihe 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.
Concluslons relatln9 to going con¢ern
In auditing the financial slalements, we have concluded thal the trustees, use of the 90ing concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on th8 work we have performed. we have not identified any material uncerlainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to continue
as a going concern for a period of al least twelve months from when the financlal statements are aulhorised for
issue.
Our responsibililies and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
Other informatlon
The other information comprises the information included in the trustees annual report, other than the financial
slalements and our auditor's report Ihereon. The Iruslees are responsible for Ihe other information contained wilhin
the annual report. Our opinion on the financial slalements does not cover the other information and, except to the
extent otherwise 8xplicilly stated in our report, W8 do not express any form of assurance conclusion thereon. Our
responsibllity is lo read the other information and. in doing so, consider whether the other information is materially
inconsistent with the financial stalemenls or our knowledge obtained in the course of lh8 audit Of olh8rwise
appears to be malerially misstated. If we identify such material inconsistencies or apparent materlal misstat8ments,
we are required to determine whether this gives rise lo a malerlal misstatement In the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this olh8r information, we are required to report that fact.
We have nothing to report in this regard.
Oplnions on other malters prescribèd by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report (incorporating the directors, report) for the financial year for
which the financial statements are prepared is consistent with the financial statemenls., and
the directors. report has been prepared in accordance with applicable legal requirements.
12

Oasis Aqulla Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Independent Auditors, Report to the members of Oasls Aquila Housing Ltd
For the year ended 31 August 2024
Matters on which we are requlred lo report by exception
In the light of the knowledge and understanding of the charitable company and its envirorlment obtained in Ihe
course of the audit, we have nol identified material misstatements in the directors, report.
We have nothing lo report in respect of the following mallers in relation to which the Companies Acl 2006 requires
us to report lo you if, in our opinion:
adequate accounting records have not been kepl, or returns adequate for our audit hav8 not been receiv8d
from branches not visited by us., or
the financial statements are not in agreement wilh tho accounling records and relurns. or
certain disclosures of directors, remuneration specified by law are not made.. or
we have not reGelved all the information and explanations we require for our audit; or
the Iruslees were not enlilled to prepare the financial slalernents in accordance with the small companies,
regime and take advantage of the small companies. exemptions in preparing the directors, report and from
the requirement to prepare a slrategic report.
Responslbllltles of trusteas
As explained more fully in th8 trustees, responsibllilies statement. th8 trust8es (who are also the directors of the
charltable Gompany for the purposes of company law) are responsibl8 for th8 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
determlne Is necessary to enable the preparation of financial slatemenls that are free from material misslatemenl,
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, mallers related 10 90ing concern and using the going
concern basis of accounting unless the trustees either intend lo liquidate the charitable company or lo cease
operations, or have no realistic alternative bul lo do so.
Audltor responslbllltles for the audit of the financlal statèmants
Our objecliv8s are to obtain reasonable assuranc8 about whether the financial statements as a whole are free from
material misslalement, whether due lo fraud or error, and to issue an auditor's r8POrt that includes our opinion.
Reasonable assurance is a high level of assurance. but Is nol a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstalement when il exists. Misstalem8nls can arise from fraud or
error and are considered material if, individually or in Ihe aggregale, they could reasonably be expected lo
influence the economic decisions of users taken on Ihe basis of these financial stalemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We deslgn procedures in
line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including
fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below..
We obtained an understanding of the legal and regulatory framework applicable lo the charitable company itself
and the industry in which il operates. We identified areas of laws and regulalions that could reasonably be
expected lo have a material effect on the financial slalemenls from our sector experience and through discussion
wilh the directors and other management. The most significant were identified as the Charities Act 2011, the
Companies Act 2006, UK GAAP (FRS 102} and rel8vanl lax legislation. We considered the ext&nt of compliance
with those laws and regulations as part of our audit procedures on the related financial slatemgnls. Our audlt
procedures included..
confirming with the trustees and management whether they have any knowledge or susplclon of fraud;
obtaining an underslanding of the internal controls established lo mitigate risks related to fraud or non-
compliance with laws and regulations;
assessing the risk of management override of contro15. including lesting a sample of journal entries..
obtaining confirmation directly from the banks to verify the balance as al the last day of the accounling
year.,
reviewing minutes of those charged with governanGe', and.
challenging the assumptions and judgemenls made by management in significant accounting estimates,
principally the valuation of the property portfolio.
A further description of our responsibilities is available on the FRC'S website
at.. hll s'.Ilwww.frc.or
.uk/auditorslaudit-assurancelaudilor-s-res
onsibililies-for-Ihe-audil-ol-Ihe-fildescrl lion-of-
Ihe-auditor/oE2 %80 /099s-res
onsibililies-for This description fomis part of our auditor's report.
13

## **Oasis Aquila Housing Ltd** 

## **(Trading as Oasis Community Housing - A company limited by guarantee)** 

## **Independent Auditors' Report to the members of Oasis Aquila Housing Ltd** 

## **For the year ended 31 August 2024** 

## **Use of our 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. 

**Craig Henderson (Senior Statutory Auditor) For and on behalf of CLA Evelyn Partners Chartered Accountants and Statutory Auditors** 

6 March 2025 17 Queens Lane Newcastle upon Tyne NE1 1 RN 

14 



Oasls Aquila Housing Ltd
(Tradlng as Oasis Community Housing- A Company limited by Euarantee)
Statement of Financial Activities
For the year ended 31 August 2024
Unrestricted
Unrestricted Designated
Funds
Funds
Restricted
Funds
Total
2024
Total
2023
Note5
Income:
Donations
Grants
Charitable Activities
Rental Income
Contract Income
Other Income
Investment income
Other trading activities
Fundraising
138,856
37,292
20,779
1.357,591
159,635
1,394,883
213,723
1,339,872
1,893,748
1,167,978
6,571
19,029
1.893,748
1.167,978
6,571
19,029
1,765,791
1,098,259
15,725
3,484
102,019
102,019
79,236
3,365,493
1.378,370
4,743,863
4.516,090
Expendlture..
Raising funds
Charitable activitles
Loss on revaluation
303.153
2,934.697
3,061,726
1,182,672
303.153
4.167.556
281,061
4,340,517
462
50,187
17
3.237.850
50,187
1,182,672
4.470.709
4,622,040
Net Incomellexpend5ture>
127,643
(50,187)
195,698
273.154
(105,950)
Transfers be￿een funds
17
(601)
601
Other recognls8d galns
Gains on revaluation of fixed
assets
210,012
Net movement In fund$
127,042
(49,586)
195,698
273,154
104,062
Reconclliatlon of funds
Total funds brought forward
457,442
2,107.311
546,915
3.111,668
3,007,606
Total funds carrled forward
584,484
2.057.725
742,613
3.384.822
3,111,668
The Statement of Financial Activities includes all gains and losses recognised in the year.
All Incomlng resources and resources expended derive from continuing activilles.
15

Oasls Aquila Housing Ltd
{Trading as Oasis Community Housing- A company limited by Euaranteel
Balance Sheet
As at 31 August 2024
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Notes
Fixed Assets:
Tangible assets
13
2.603,336
2,603.336
2.648,717
Current Assets
Debtors
Cash at bank and in hand
14
622,251
418,012
179,618
562,995
801.869
981,007
363,474
1,088,601
1.040,263
742,613
1,782,876
1,452,075
Liabilities:
Creditors.. Amounts falling due within
one year
15
(478,953)
{478.953)
1466.086)
Nel Current assèts
561.310
742,613
1,303,923
985,989
Total assets less current Ilabilltles
3,164.646
742,613
3,907,259
3,634,706
Creditors.. Amounts falling due after
more than one year
16
(522,437)
(522,437)
{523,038)
Net assets
2,642.209
742,613
3.384,822
3,111,668
The funds of the charity:
Unrestricted funds..
Gen8ral fund
Designated funds
584,484
2.057,725
457,442
2,107,311
2.642,209
742,613
2,564,753
546,915
Restricted funds
Total Funds
17
3,384,822
3,111,668
These financial statements have been prepar8d in accordance with th8 provisions applicable to companies
subject to Ihe small companies regime.
ed by the Board of Trustees on ..lI.1.￿l2%nd slgned on their behalf by:
Appro
N W Salisbury BA {Hons)
Chair
IB
Company Number.. 05300083
The notes on pages 17 to 29 fomi part of these financial stalements.
16

Oasis Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
Accountlng policies
Basis of preparation
The financial slalemenls have been prepared in accordance wilh Accounting and Reporting by Charities..
Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) iSSLted in October
2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Iraland IFRS
102), the Charities Act 2011, Ihe Companies Act 2006 and UK Generally Accepted Practice.
Oasls Aqulla Housing Ltd meets the definltlon of a public benefit under FRS 102. The financial statomenls
are prepared under the historical cost convention or transaction value unless otherwise slated in the
relevant accounting policy nolels). The financial statements are prepared in Sterling which is the functional
currency of th6 charity and rounded to the nearest £.
The significant acLounling policies applied in the preparation of these financial statemenls are set out
below. These policies have been consistently applied to all years presented unless otherwise slated.
Golng concern
The financial slalements hav8 been prepared on a going concern basls, which th8 trustees believe Is
posslble based on their cash flow forecasls and projections. This includes stress testing th8 finances of the
business to account for severe bul plausible downside scenarios such as the non-renewal of certain
contracts. The Iruslees have considered the level of funds held and the expected level of income and
expenditure for al least 12 months from aulhorising these financial stalemenls. Annual budgets take into
account the current difficult economic difficulties as they relate to funding and increasing costs and are
monitored on a monthly basis. Based on the budgels and Ihe cash flow forecasts prepared the trustees
consider that the charity has sufficient reserves in place lo be able to conlinue as a 90ing concern.
Funds
Unreslrict8d funds are available for use al the discretion of the trustees in furtherance of the general
objectives of the charltable company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been sel aside by th8 trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are lunds which are lo be used in accordance with specific restrictions imposed by donors
which have been raised by the company for particular purposes. The cost of raising and adminislering such
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes
to the financial statements.
Incomlng resources
All incoming resources are Included in the Slatement of Financlal Activities when the charity has
enlillemenl lo the funds, any performance conditions hav8 been mel. the amount can be measured reliably
and it is probablo that the income will be received.
Donations are recognised when receivable
Grant in¢ome is recognised where there is entitlement, receipt of the funds are probable and the amount
can be measured with reasonable c8rtainty. If the￿ are conditions attached lo the grant and this requires a
level of performance before entitlement can be obtained then income is deferred until those conditions are
fully mgt or the fuifilment of those conditions is within tha control of the charity and it Is probable that th8y
will be fulfilled.
Income from charitable activities includes income received under contract and rental income. Contract
income is subject lo specific performance conditions and is recognised as earned. Income received to
deliver services over a specific period covering more than one financial year is accounled for over the
specific period. Rental income in the form of housing benefit is recognised in the period to which it relates
and rental income received from the service user is recognised on receipt.
Investment income relates to interest eamed through holding assets on deposit.
17

Oasls Aqulla Houslng Ltd
(Trading as Oasi5 Community Housing - A company limited by guarantee)
Notes to the flnancial statements
For the year ended 31 August 2024
In accordance with the Charities SORP (FRS 102), the general volunteer lime is not recognised, refer to
the trustees rèport for more information about their contribution.
Expenditure and irrecoverable VAT
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive
obligation to make payments to third parties, it is probable that the seltlement will be required and th8
amount of the obligation can be measured reliably.
Irrecoverable VAT is charged againsl the cost in which the expenditure was incurred.
Support cost allocation
Support costs are those that assist the work of the charity but do not directly represenl charitable activities
and include office costs, governance costs and administrative payroll costs. They are incurred directly in
support of expenditure on the objects of the charily.
Tanglble flxed assets
Tangible fixed assets are stated at cost (or de8m8d cost) except fully owned freehold & long leasehold
propertles which ar8 at valuatlon, less accumulated deprecialion and accumulated impairment losses.
Depreciation is provided on all assets at rates calculated to write off the cost or valuation, less eslimaled
residual value, over their eslimaled useful economic lives as follows:
Freehold property
Freehold property - part owned
Long leasehold
Leasehold improvements
Motor vehicles
Computer and fixtures
Valuation and 2% straight line
Cost and 2¥0 Straight line
Valuation and 20/0 straight line
Cost and 330/0 Straight lin8
Cost and 250/• Straight line
Cost and 33% straight line
The assets residual values and useful life are reviewed. and adjusted as appropriale, at the end of each
reporting period. The effect of any change is accounted for prospectively.
Debtors
Trade and other debtors ar8 recognised at the settlement amount due aft8r eny trade dlscount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and In hand
Cash at bank and cash in hand Includes cash and short term highly liquid Investments with a short maturity
of three months or18ss from the date of acquisition or op8ning of the deposit or similar account.
1.10 Crgdltors and provlslons
Creditors and provisions are recognised where the charity has a p￿sent obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their
settlement after allowing for any trade discounts due.
1.11
Flnanclal Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as baslc financial
Instruments. Basic financial instruments are initially ￿CogniSed at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the effective interest melhod.
1.12
Penslons
The charitable company contributes to ils parent company's defined contribution pension scheme for
employees. The annual contributions payable are charged to the Statement of Financial Activities.
18

Oasis Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by Euarantee)
Notes to the financial statements
For the year ended 31 August 2024
1.13 Tax
The charily is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered lo pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets
the definition of a charitable company for UK corporation lax purposes.
1.14 Exemptlon from preparlng a cash flow statement
Exemption has been taken from preparing a cash flow statèments on tha grounds that the charity is
included in a set of consolidated accounts.
Legal status
Oasis Aquila Housing Ltd is a company limited by guaranlee (No 05300083> and not having a share
capital. In the event of the company being wound up, the liabilily in respect of the guarantee is limited to
£10 per member of the charity.
19

Oasis Aquila Housing Ltd
{Trading a5 Oasis Community Housing- A company limited by guarantee)
Notes to the flnanclal 5tatement5
For the year ended 31 August 2024
Comparatlve Statement of Flnan¢ial Actlvities
Unrestricted
Unrestrlcted Designated
Funds
Funds
Restricled
Funds
Total
2023
Total
2022
Not•s
Income:
Donations
Grants
Charilable Activities
Rental Income
Contract Income
Other Income
Investment income
Other trading activities
Fundraising
Other
182,854
20,398
30,869
1,319,474
213,723
1,339.872
150,174
1,160,966
1.765,791
1.098,259
15,725
3.484
1,765,791
1,098,259
15.725
3.484
1,806,167
1,069,609
30,525
1,232
79.236
79.236
52.045
13
3,165.747
1,350,343
4,516,090
4,270,731
Expendlturo:
Raising funds
Charitable activities
Loss on revaluation
281,061
3,011,675
281,061
4,340.517
462
229,448
4,165,896
72,840
462
1,256,002
17
3,292.736
73,302
1,256.002
4,622.040
4,395.344
Nel Incomel{6xpendlture)
(126.989)
(73,302)
94.341
(105.950)
{124,613)
Transfers between funds
17
8,989
(8.989)
other recognlsed galns
Gains on revaluation of fixed
assets
210,012
210,012
47,050
Net movomenl In funds
(118.000)
127.721
94.341
104,062
{77.563)
Recon¢lllatlon of funds
Total funds brought forward
575,442
1,979.590
452.574
3,007,606
3,085,169
Total funds carrled forward
457,442
2,107.311
546,915
3.111,668
3.007.606
The Statement of Flnancial Activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
20

Oasls Aqulla Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
Donations & grants
2024
2023
Donations
Grants
159,635
1,394,883
213,723
1,339,872
1.554,518
1,553,595
All donations are generated through the Fundraising and
Communications Team.
Analysls of grants
2024
2023
Barbour
Benefact Trust
Blg Give
Community Foundallon Tyne & Wear & Northumberland (Linden
Family Fund)
Community Foundation Tyne & Wear & Northumberland (P&G Fund)
Durham County- Community Foundation
Durham Counly Council (MHCLG>
Garfield Weston Foundation
Galeshead Council
Gateshead Council (Financial Capability)
Gateshead Council IMHCLG)
Gateshead Council (Safer Streets)
Gatashead Council (Wellbeing Works)
Hospital of God at Grealham
Grassroots
Harry Curelon Fund
Heart of England Community Foundation
Jack Petchy Foundation
Julia and Hans Rausing Trust
Landaid Charilable Trust
Leeds Building Society
National Lottery Community Fund {BBO Moving On Tyne & Wear)
National Lottery Community Fund IBBO Wise Steps)
National Lottery Community Fund (Help though Grisisl
National Lottery Community Fund (Reaching Communltles-
Gateshead)
National Lottery Communlty Fund (Reaching Communities -
Sunderland)
North East Ar8a Miners Social Welfare Trust Fund
North East Probalion Service
Northumberland Estates
Northumbria Police & Crim8 Commissioner
Northumbria Police & Crime Commissioner (MOJ DAJSV Community
Fund)
Northumbria Police & Crime Commissioner (Supporting Victims Fund)
Ofsted GMBC Granl
SafeLives (The Circle Fund)
Screwfix Foundation
Sir James Knotl Trust
Social Bite
Souter Charitable Trust
10.000
25,500
15,000
10,000
5,000
6,000
293,683
20.000
10,165
20.000
10.000
658,479
275,599
20.833
10,000
1,000
10.000
4,500
10,000
1,800
2,760
7,183
21,650
45,766
48.582
17.481
5,600
74,234
20.000
100.000
100,000
33,000
1,000
10,000
5,000
1,000
45,000
51,684
17,883
2.000
57,200
47,500
5,000
20,000
5,800
1,000
20.000
3,000
21

Oasis Aqulla Housing Ltd
(Trading as Oa515 Community Hou5ing- A company limited by guarantee)
Notes to the flnancial statements
For the year ended 31 August 2024
Analysis of grants (continued)
South Tyneside Counci5
Stewardship (Thompson Fund)
Sunderland City Council (MHCLG)
Sunderland City Council (Oulreach)
Tesco Community Grant5
The Charity of Sir Rlchard Whitlingham
The Virgin Money Foundation
WA Handley Charity Trust
Other
9.350
5,000
74,795
5,000
1,375
33,334
2,000
1,000
102,479
117,473
162,962
33.333
54.783
1,394.883
1.394,884
Income from charltable actlvltlgs
2024
2023
Home
Basis
2,954,140
114,157
2,818,950
60,825
3,068,297
2,879,775
Income from inv8Stm8nts
All of the charitable company's investment income arises from the money held in inlerest bearing deposit
accounts.
Expendlture on charltable actlvltles
Dlrect
Costs
Support
Costs
2024
2023
Home
Basis
Empower
Aspire
2,316,374
843,688
115,795
51.932
469.454
306,357
44,216
19,740
2.785,828
1,150,045
160,011
71,672
2,846,683
1,127,576
157.912
208,346
3.327.789
839,767
4,167,556
4,340,517
Support costs above Include Govemance costs as shown below
2024
2023
Home
Basis
Empower
Aspire
27.264
19,922
2.875
1.284
28,369
19,908
2,931
4,092
51.345
55.301
Expendlture on fundralslng
2024
2023
Staff costs
Event & olher costs
214,743
88,410
192,618
88.443
303,153
281.061
22

Oasis Aquila Housing Ltd
(Trading a5 Oasis Community Hou5inE - A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
Allocatlon of support costs
Office
premises
Office
runnlng
Staff
Total
Home
Basis
Empower
Aspira
269,726
194,090
28.446
12,699
87,206
24,858
3,588
1.602
115.520
84,410
12,183
5,439
472,452
303,358
44,217
19,740
504,961
117,254
217,552
839,767
As the charity's activities are primarily staff based the support costs have been allocated in line with staff costs.
Governance costs
2024
2023
staff costs
Office runnlng
Recrullment
Audit
42.858
1.647
44,042
4.419
6,840
6,840
51,345
55,301
10.
Net Incomel(expendlture) for the year
This is staled after charging:
2024
2023
Depreciation of tangible fixed assets owned by the charlty..
Depreciation of No3 Cerise Road
Depreciation of Revalued Properties
Loan interest paid
2,404
51,619
50,187
43,315
47.050
34.234
Audltors remuneration
2024
2023
Fees payable to the charity's auditors for the audit of th8 annual accounts
7,800
6,840
12.
Analysls of staff costs, trustee remuneratlon and expenses, and the cost of key management
personnel.
Staff costs Were as follows:
2024
2023
Wages and salaries
Social security costs
Other pension costs
2,234,653
179.802
133,921
2,192,034
186,753
145,176
2.548,376
2,523,963
23

Oasis Aqulla Housing Ltd
(Trading as Oasi5 Community Housing- A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
The average monthly number of employees during the year was as follows:
2024
Number
2023
Number
Chief Executive
Project staff
Adminislralion and support
73
22
73
22
96
96
One member of staff received remuneration in excess of £60,000 (2023 - None).
The charity trustees were nol paid or received any other benefits from employment In the year {2023 - £nil).
No charity trustee r8ceived payment for professional or olher services supplied to the charity (2023 - £nil).
During the year 2 trustees were reimbursed £687 for expenses {2023- £1.331 was reimbursed to 7 trustees).
The key management personnel of the charity comprise the Chief Executive Officer and the Executive team.
The total employee benefits of the key management personnel of the charity were £247,651 (2023 - £253,726).
13.
Tanglble fixed assels
Freehold
part.
Long Computers
owngd leasehold
& Ilxtures
Freehold
property
Total
Cost
At 1 September 2023 2.125,002
Additions
Disposals
Revaluation
156,850
390,000
2,671,852
7,210
7,210
At 31 August 2024
2,125,002
156,850
390,000
7,210 2,679,062
Depreclatlon
Al 1 September 2023
Charge for year
Disposals
Revaluation
23.135
3.137
23,135
52,591
38.850
8.200
2,404
Al 31 August 2024
38.850
26,272
8,200
2,404
75,726
Net book value
Al 31 August 2024
2,086,152
130,578
381,800
4,806 2.603.336
At 31 August 2023
2,125,002
133.715
390,000
2.648.717
The part owned property is a property in which Oasis Aquila Housing has an equity interest of 49.660
24

Oasis Aquila Housing Ltd
{Trading as Oasis Community Housing- A company limited by guarantee)
Note5 to the financial statements
For the year ended 31 August 2024
In respect of the assets slated at valuations the comparable historical cost and depreciation are as follows
Freehold
Long
Property Leasehold Total 2024
Cost
At 1 September 2023
Additions
Disposals
1,688,928
529.390
2,218,318
Al 31 August 2024
1,688,928
529,390
2.218.318
Depreciation
Al 1 September 2023
Charge for year
Disposals
378,324
33,870
89,411
10.616
467,735
44,486
At 31 August 2024
412,194
100,027
512,221
Nel book value
At 31 August 2024
1.276,734
429,363
1,706.097
At 31 August 2023
1.310,604
439,979
1,750,583
Fully owned freehold and leasehold properties We￿ valued in August 2023 by McGillivrays Chartered Surveyors
and Bradley Hall Chartered Surveyors.
14.
Debtors
2024
2023
Trade debtors
Other debtors
Prepaymenls & accrued income
532,211
3.714
265.944
124,791
7,948
230,735
801,869
363,474
15.
Credllors: amounts falllng due wlthln one year
2024
2023
Bank loans
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
43,162
108,056
39,495
121,574
166,666
43,162
121,87
44,251
98,966
133,540
478,953
441,796
Deferred Income comprises contracts relating to future periods.
Balance at 1 September 2023
Amounts released to income earned from charitable activities
Amounts deferred in the year
76,621
(76,621>
54,771
Balance at 31 Augusl 2024
54,771
25

Oasis Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Note5 to the financlal statements
For the year ended 31 August 2024
16.
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
522,437
523,038
Bank loans are analysed as follows:
Due within 1 year
Due within 1-2 years
Due within 2-5 years
Due after more than 5 years
43.162
43,162
479.275
43,162
43,162
479,876
565,599
566,200
The bank loan is secured by way of a legal charge over part of the properly portfolio. The repayments are spread
over 25 years but the remaining balance is fully repayable after 10 years {August 2026). Interest is payable at
2.250/0 abov8 base rate on the principal amount.
17.
Fund reconclllatlon
Year ended 31 Au
ust 2024
Balance at
1 Sept 2023
In¢omlng
Resourcos
Resources
expended
Galnl
Balance at
10$$ 31 Aug 2024
Transfers
Unrestrlcted funds
General fund
457.442
3,365,493 (3.237.850)
(601)
584,484
Deslgnated funds
Prop8rty fund
Revaluation reserve
Maintenance fund
1,611,784
470,733
24.794
(50,187)
601
1,562,198
470,733
24,794
2,564,753
3.365.493 (3,288.037)
2,642.209
Restrlcted funds
Home
Basis
Empower
Aspire
97,580
320,110
22.276
106.949
146,693
1,089,222
116.750
25.705
(48.564)
(955,943)
(135,460)
{42,705)
195,709
453,389
3,566
89,949
546,915
1.378,370 (1,182,672)
742,613
Total funds
3,111,668 4,743,863 {4,470,709)
3,384,822
26

Oasls Aquila Housing Ltd
(Trading as Oasis Community Housing - A company limited by guarantee}
Notes to the flnancial statements
For the year ended 31 August 2024
17.
Fund reconciliation (continued)
Year ended 31 Au
ust 2023
Balance at
1 Sept 2022
Incomlng
Resources
Resources
expended
Gainl
Balance at
loss 31 Aug 2023
Transfers
Unrestricted funds
General fund
575,442
3.165.747 {3.292.736)
8,989
457,442
Deslgnated funds
Property fund
Revaluation reserve
Elizabeth House
refurbishment fund
Maintenance fund
Systems upgrade fund
Beneficiary fund
1,584,127
338,016
(50.187)
78.306
(77,295)
(462)
210,012
1,611,784
470,733
5.000
24,794
12,653
15,000
(5,000)
24,794
{12.653)
(5,000)
{10,000)
2.555,032
3,165,747 {3.365.576)
209,550
2.564,753
Reslrlcted funds
Home
Basis
Empower
Aspire
29.733
270.042
24.074
128,725
105.063
1,003.108
124.752
117,420
{37,219)
(953,038)
{126,550)
(139.195)
97,577
320,112
22,276
106,950
452,574
1.350,343 {1,256.002>
546,915
Total funds
3,007,606
4,516.090 (4,621,578)
209,550
3,111,668
Pro
ert fund
The fund represents the nel book value of all properties held less the revalualion res8rve, related borrowings and
properties held for sale. Transfers are made each year to achieve this.
Revaluation reserye
The fund represents the excess of valuations over Ihe origin81 cost of revalued properties and is held as a
designated reserve unlil disposal of the relaled property or a lower valuation is made.
Elizabeth House refurbishm8nt
This fund is to cover Ihe costs of planning for a proposed summer house lo be used as m8eting space for residents
Maintenance fund
The cost of planned maintenance work on our properties which has been calculaled over a 3 year period. There
has been no expenditure during the year due to postponing expenditure until some key related contracts are
renewed.
S sten7S U
rade fund
The charity's systems upgrade was completed during the year.
Beneficia
fund
This fund was to provide a mentoring scheme for our male residents wilhin our Southwark Project. A pilot scheme
was run during this and the previous year which came under budget. The charily has decided not to continue with
this project for the foreseeable future, therefore the balance of the fund has been transferred back to unreslrided
reserves.
27

Oasis Aquila Housing Ltd
(Trading as Oasis Community Housing- A company limited by guarantee)
Notes to the financial Statements
For the year ended 31 August 2024
Restrlcted funds
Home
The Home Fund represents funding received to increase access lo housing. This includes funds lo improve and
refurbish our portfolio of properties, as well as funding for menial health support and our Transitions Fund.
Basis
The Basis Fund represents funding receive(J lo provide services to people in crisis, those who are either homeless
or likely to be. It includes funds received for the operating of our Basis Drop In's in Gateshead and Sunderland. It
includes funds received to provide our Housing Firsl type model - Basis Beds and our direct access homeless
accommodation.
ower
The Empower fund represents funding received to work with victims of domestic abuse and sexual violence.
As
The Asplre Fund represents funds recelved to deliver employabilily servlces to those who face barriers lo
employment across the North East.
18.
Analysls of net assets between funds
For the
ear ended 31 Au
USI 2024
Unrestrlcted Restrlcted
funds
funds
Total
funds
Tangib18 fix8d assets
Current assets
Creditors due wlthin one year
Creditors due in more than one year
2,603,336
1,040,263
(478,953)
(522.437)
2,603,336
1,782,876
(478,953)
1522,437)
742,613
2.642,209
742.613
3,384,822
For the
ear ended 31 Au
ust 2023
Unrestrlcted Restrlcted
funds
funds
Total
funds
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
2,648,717
905,160
(466,086)
(523,038)
2,648,717
1,452,075
(466,086)
(523,038)
546,915
2,564,753
546,915
3,111.668
19.
Leases
28

Oasis Aquila Housing Ltd
(Trading as Oa515 Community Housing- A company limited by guarantee)
Notes to the financial statements
For the year ended 31 August 2024
The future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
Not later Ihan one year
Later than one and not later than five years
1.177
1,177
20.
Related party transactlons
At the year-end Ih8r8 was an amount of £36,575 owed to Oasis Charitable Trust (2023 - £20,063 owed to Oasis
Charitable Trust), this entity is connected to Oasis Aquila Housing Ltd
21.
Panslons
Pension contributions payable for the y@ar ended 31 August 2023 amounted to £145,176 (2022- £138,088).
Analysls of changes In net debt
22.
At15ep
2023
Cash
flows
At 31 Aug
2024
Long term borrowings
Short lerm borrowings
(523,038)
(43.162)
601
1522,437>
(43,162)
Total liabllilies
Cash & cash equivalents
(566,200)
1.088,601
601
(107,593)
(565,599)
981,007
522.401
{106,9921
415,408
29