Charity Registration No. 1118723 OASIS FAMILY CHURCH, WITNEY FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED 31 MARCH 2024 Contents: Pagel-2 Trustees, Report Page 3 Jndependent Examinerfs Report Page 4 Recelpts & Payments Account Page 5 ststement of Assets & Liabilities Page 6 Notes to the Accounts David Cooke & Co Chartered Accountants 5 Briar Close Banbury Oxon. OX16 9DS Page I OASIS FAMILY CHURCH, WITNEY TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees have pleasure in presenting their report and the Financial Ststements of the Church for the year ended 31 March 2024. Reference and Administratlve Details The Church is a Registered Charity no. 1118723. For correspondence purposes, the address is: Oasis Family Church, The Oasis Centre, 11 Fettiplace Road, Witney, OX28 SAP. The charity trustees for the year were as follows: Mr G Dale (resigned 17/9123) Mrs T Dale (resigned 17/9/23] Mrs A Y Smith Mr A Smith (appointed 16/3/24) Mr J Troughear Mrs R Troughear Structure, Governance and Management The Church is constituted as an independent church, and the governing document is a Trust Deed. The Trustees are nominated by the Church Meeting and elerted by the other Trustees. The Trustees. role involves the smooth operation of the premises and governance of the activities takn'ng place at Ceewood Hall. This includes but is noi limited to the managcment of the Child Protection Policy, as well as the employmcnl of staff. Additionally, the Trustees are responsible for employing members and regular attenders in a voluntary capacity, such as assisting with children's work. Reasonable steps have been tsken to ensure the prevention and detection of fraud and other irregularities and to provide reasonable assurance that: l. The Church is operating efficiently and effectively; 2. Assets are safeguarded against unauthorised use or disposition; 3. Proper records are maintained and financial inforniation used with the Church or for publication is reliable; 4. The Church complies with relevant laws and regulations," 5. The systems of control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. These include: (a) Monthly consideration by the Trustees of the financial results; (b) Delegation of authority and segregation of duties; (c) Identification and management of risks. Page 2 OASIS FAMILY CHURCH. WITNEY TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (ConL) Objectives and Activities The Church's aim is the advancement of the Christian faitlL In support of this objective, the church rnay engage in a number of activities, including: Worship and prayer; Evangelism and Mission; Nurture and growth of Christian disciples; Training and equipping the congregation for Christian service; Giving pastoral care; Supporting charitsble social action at home and abroad; Relating in support and fellowship to other Christians. Achievements and Perfornjance Throughout the year the Members have sought to share the gospel through the use of the activities listed above. In addition to the regular Sunday worship meetings the church has been running various weekday meetings online. The church is pleased to contlnue to have good relations with the local community. In carrying out its activities in the year under review, the trustees have had regard to the public benefit guidance issued by the Charity Commission and are satisfied the activities mentioned above have all been for the public benefit Financial Review As shown in the Receipts & Payments Account on page 4. there was an excess of payments over receipts of lust over £11,000 (2023, £8,000). Overall, the financial state of affairs of the Church is considered to be satisfactory. On behalf of the Trustees Date: Page 3 ## **INDEPENDENT EXAMINERS REPORT** ## **TO THE TRUSTEES OF OASIS FAMILY CHURCH, WITNEY** I report on the accounts of the Church for the year ended 31 March 2024, which are set out on pages 4 to 6. ## **Respective responsibilities of trustees and independent examiner** The church's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 44(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. ## It is my responsibility to: - Examine the accounts under section 145 of the 2011 Act; - To follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 (5) (b) of the 2011 Act; and - To state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect - the accounting records were not kept in accordance with section 130 of the Charities - Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and - content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Cooke MA (Oxon) FCA FCIE David Cooke and Co. Chartered Accountants 5 Briar Close, Banbury Oxon. OX16 9DS 19 November 2024 Page 4 OASIS FAMILY CHURCH. ￿TNEy RECEIPTS AND PAYMENTSACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 General Designated 2024 2023 Note Incoming Resource5 Voluntary income: Tithes, offerings & donations Charitable Activities 24.231 14,095 24.231 14,189 17,751 17.542 94 Total incoming resources 38,326 94 38,420 35,293 Resources expended Cost of Generating Funds Charitable Activities 101 48,581 101 48,581 86 43,322 Total Resources Expended 48,682 48,682 43,408 Income less Expenditure (10,356) 94 (10,262) Purchase of capital equipment 885 885 Net Movement of Resources In the Year (11,241) 94 (11,147) (8,115) Transfer between funds (11,241) 94 (11,147) (8,115) Bank & cash balances brought fonvard 56,814 12,500 69,314 77,429 Bank & cash balances carrled forward 45,573 12,594 58,167 69,314 Page 5 OASIS FAMILY CHURCH, WITNEY STATEMENT OF ASSETSAND LIABILITIES ASAT 31 MARCH 2024 General Designated 2024 2023 Note CURRENT ASSETS Cash at Bank & in hand Barclays Barclays - Hakuna a/c Natwest Cash 10,532 10,532 12.594 35.041 22,188 12,400 34,626 100 12,594 35,041 45,573 12,594 58,167 69,314 LIABILITIES Due within one year 495 495 475 Assets less Liabilities 45,078 12,594 57,672 68,839 Approved on Treasur er OASIS FAMILY CHURCH. WITNEY Page 6 NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 l. Accounting Policies The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Church's Financial Statements. nti The Financial Statements are prepared under the Historical Cost Convention. Because the Church's income is under £250,000 the accounts are now prepared on a Receipts and Payments basis, to avoid the need to comply with the Charities SORP (FRS102). come Donations represent cash received during the year, including tax repayments received. Charitable Activities include the hire of the hall for charitable purposes and other events. Investment income comprises interest received from money in deposit accounts. The cost of generating funds are costs incurred in promoting the Church and its work. Charitsble Activlties Expenditure cornprises all expenditure directly related to the Church's objects, including governance costs, General Designated 2024 2023 2. Costs ofGenerating Funds Posters & advertising boards Website costs 101 101 86 101 101 86 3. Charitable Activitles Wages & Salaries (note 4) Visiting speakers Giving Overseas Hall Expenses Shop & Oasis Centre expenses Cost of Events, courses, etc Other giving Youth work Printing, ststionery, Literature. etc. Subscriptions & Courses Insurance Miscellaneous expenses Purchase of equipment Legal fees Independent Examination 6.535 1,643 2,109 18,113 12,015 2,506 1.661 6,535 1,643 2,109 18,113 12,015 2,506 1,661 6,280 1,400 1,371 15,973 9,019 3,408 1,453 442 322 2,168 939 97 1,969 940 77 38 500 475 1,969 940 77 38 500 475 450 48,581 48.581 43,322 4. Employee information Wages, salaries & social security costs 6.535 6.535 6,280 The average number of persons employed during the year was 2 (2023: 2). No employee received remuneration in excess of £60.000 p.a. No trustees received any remuneration or expenses (2023: £nil).