wondsworth -•osis Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 31 March 2022 Registered Charitv Registered Company 1126061 03256975 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Contents Chairf5 Review of the Year Reference and Administrative Information Report of the Trustees forthe year ended 31 March 2022 Structure, Governance and Management The Impact of the Covid 19 Pandemic Objertives and Activities for Public Benefrt io How HIV Impacts London 12 Communlty Engagement 15 Green Agenda 16 Financlal Review 16 Future plans 22 Fundraising pollcy 23 Statement of Trustees. responsibilities 24 Notes to the Financial Statements 33 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Chairfs Review of the Year Thls has been my first full year as Chair of the Board where we have been, mostly, free from Government Restrictions, closing our shops, due to the impact of Covid 19. Our shops fully th reopened on 12 April 2021, and we were pleased to welcome back our much-missed customers into our shops. We invested in quality PPE and introduced robust Covid processes and proceduresforthe protection of customers, staff, and volunteers. Ourvolunteer numbers took a hit as many. understandably, were cautious about returning to a public facing role. even with the provision of the safety measures we implemented, but we were very grateful for the support of the many who did return to support our cause of awareness, prevention, and elimination of HIV. Our customers are the pivotal support of our great community HIV charity, and I was delighted to see them back into our shops supporting us. There was still a lot of caution regarding Covid 19 and throughout the yearwe slowly returned to meeting in person, thinking of holidays, and reinstating our ever-popular fundraising and awareness events. It was a mixed year with regards to the events; we were able to run our iconic Red Ribbon Cabaret at the Two Brewers in Clapham and I thank them for thelr continued support of Wandsworth Oasis. It was a fabulous evening. with a full house in attendance, and I want to acknowledge and thank everyone who volunteered their time, especially the very talented acts. Yet, a short time after the Red Ribbon Cabaret, we were compelled to Cancel our Christmas Carol Service as the Covid numbers once again started to increase and we felt the most responsible thing to do was to cancel the service for this year. We hope to reinstate it next year as it is a popular gathering with the wider community. With Covid still in our lives, and our shop staff on the front line, we experienced the inevitable shop closures as a result of staff shortages due to sickness. With the incredible work of the senior management team, we got through it and look forward to returning to 'business as usual. We are chiefly, a grant giving charity, and raise most of our funds from our portfolio of retail shops. Retail Operations efficiency was identified as a critical skill need for us, so we were delighted to appoint a Head of Retail, (lain Burnettl last year. who created our very first Retail Strategy which we started to implement with some great results. The first year of the Retail Strategy focussed on recruitment, training, and development, and we have already seen the results of this investment in the takings at the shops. As part of the Retail Strategy another key appointment to the senior retail team wasthe role of Retail Operations Manager, and we welcome Damian John to the Wandsworth Oasis family. Damian has already made his mark, working with the Head of Retail on growing our eBay presence. We have high anticipation that when we report again next year, we will record significant profits from the e-commerce area. This year. through the hard work of retail operations and fundraising events, we approved and awarded grants totalling £102,470 to organisations worklng directly with people living with and affected by HIV, driving HIV awareness and prevention activities across our communities. The board may consider releasing any retained surplus in our future grant Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 process or will forward to our core reserve, as the impact of the pandemic has highlighted the importance of durability and planning for those 'unexpected' circumstances. Difficult decisions also had to be taken, and sadly we took the necessary step of closing our Streatham shop in September. This shop has not been profitable, despite all the hard efforts of the retail team. We are still focused on growlng and developing our Shop portfolio and are constantly on the lookout for the right shop, in the right location. The need for support and awareness around HIV continues and the battle front is changlng. So as a charity we need to take these trends into consideration as we continue our work, and grow. and develop. With this In mind we are pleased to announce that we have appointed highly experienced consultants from the Worshipful Company of Management Consultants, who will work with us, on a pro bono ba515, to create a 3-5-year strategy. This will be developed over the next financial year, and l am excited to be starting this journey with the Board of Trustees and Senior Management Team. l am also delighted to see the work that has been, and will continue to be, delivered in the staff communication area. All-staff Training workshops are being held on a quarterly basis, allowing staff to discuss challenges. make suggestions and learn about brand awareness, shop legislation, Health & Safety, and much more. Once the 'work' aspect of these meetings is concluded, we invite the volunteers and trustees to join us in a more social settin& where we invite one of our beneficiary organisations to attend and share what they do and how the funds from Wandsworth Oasis helps them deliver this service, and the benefits gained by the ultimate end service user5. We have all learned a lot from these events. I want to thank the CEO, Christine Ansell, and her senior management team for their hard work through these still very challenging times, and their agile response to the challenges faced daily over the past year. On a similar note, my heartfelt thanks go to the Board of Trustees who freelygive of theirtime and expertiseto enable ourwonderful Hlvgrant making charity to grow and thrive. I have enjoyed working with them all and all the success we have experienced over the past year would not have been possible without them. With Covid still in close proximity in our rear-view mirror, I look forward optimistically to a positive year. where with hard work and enterprise, we will identify and grow new and rewarding opportunities to continue delivering benefit and value to the communities we serve. Romeo Effs, Chair- Board of Trustees. Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Reference and Administratlve Information Charity Name: Wandsworth Oasis Tradlng Company Llmlted Charity Commission for England and Wales Registered Charity No". Registered Company No: Registered Office: 1126061 03256975 Unit B204, Tooting Works, 89 Bickersteth Road, London. SW17 9SH Trustees Mr R W Aldridge Mr B Black Mr C Cooper Ms LA Cooper MrREffs Mr J Joubert Mrs L Pinto MrJR WRosam Mr B G Sutherland Mr M Williams Mr C Woolls Chair Resigned 5th October 2021 th Resigned 8 June 2021 Appointed 9th March 2021 Officers Mrs Christine Ansell Ms Gillian Perkins Chief Executive Appointed 3 August 2021 Chief Executive and Company Secretary Resigned 31st October 2021 Head of Finance, Appointed Company Secretary 1st November 2021 Head of Retail Ms Mira Kostadinova Mr lain Burnett Auditor MHA Macintyre Hudson th 6 Floor, 2 London Wall Place London, EC2Y SAU Bankers Reliance Bank Limited Faith House. Lovat Lane, London, EC3R 8EH Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Report of the Trustees for the year ended 31 March 2022 The Trustees present their report and financial statements for the year ended 31 March 2022. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republlc of Ireland (Charities SORP IFRS 1021} and applicable UK accounting standards. Structure. Governance and Management Structure and Objects Wandsworth Oasis Trading Company Limited Iwandsworth Oasis) is a registered charity number 1126061 and company limited by guarantee, number 03256975, governed by its memorandum and articles registered on 26 July 2008 and amended by special resolution on 9 April 2013. Governance The Board of Trustees comprises currently of nine Trustees who are also Directors of the Company. They are elected by its members. Following a revision to the Memorandum and Articles of Association at an EGM in April 2013, Trustees are elected for an initial term of three years and are eligible for re-election on an unlimited basis. Trustees are the sole members of the charity. The Board is a voluntary management committee and has ultimate responsibility forwandsworth Oasis. In March 2021, following recommendations by a Charity Retail Consultancy engaged in July 2020, the Board approved a three-year retail strategy. developed by the newly appointed Head of Retail. At the quarterly meetings the Trustees agree the broad strategy and areas of activity for the charity, including consideration of grant making policy, risk management, reseNes policy and investment. The Board delegates operational responsibility and implementation of policy decisions to the Chief Executive and the small staff team. As noted in this report last year, the current Chief Executive retired in October 2021, six months later than planned. A succession plan has been Implemented wlth the new Chief Executive starting in August 2021 for a comprehensive transition, assuming full responsibility in the role from 1st November 2021. The new Chief Executive and the Chair of theTrustees aim to reset the Charitystrategy; restructure the Committees; and review the recruitment. induction, and training strategy for new and existing trustees in 2022. Experienced consultants from the Worshipful Company of Management Consultants have been appointed in March 2022, on a pro bono basis, to assist the Board of Trustees in this process with developing a 3-5 year strategy to drive the growth Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 and shape the future direction of Wandsworth Oasis. Currently. on appointment, new Trustees sign a model declaration committing them to the giving of their time and expertise. The induction process aims to ensure new Trustees have effective guidance on their legal responsibilities and obligations as well as a good understanding of the work that we do. The induction programme includes a meeting with the Chair, Treasurer and Chief Executive. A welcome pack includes copies of the Governing Document, the most recent report and accounts. a brief history of the charity and a copy of the Charity Commission's Guidance Yhe Essential Trustee: What You Need to Kno￿ and 'Charities and Public Benefit,. As part of the development of Wandsworth Oasis, an on-going training plan will be designed to support the Trustees and an initial training session has been planned for June 2022 to outline roles and responsibilities of a Trustee. All Trustees give of their time freely and no remuneration was paid in this year. Details of Trustee expenses and related party transactions are disclosed in note 6a to the accounts. The Trustees have also developed a code of conduct which includes a formal statement of roles and responsibilities, and a disclosure of interests. Trustees are required to disclose all relevant interests and re8lSterthem with the Chief Executive and in accordance with the chartt¢s policv withdraw from any decisions where a conflict of interest arises. The Charity has in force during the financial year, qualifying third party indemnity provision for the benefit ofthe Trustees. The Charity Is a member of the Charity Retail Association which provides helpful information on good practice, changes in the law relating to charity shops, and acts as an effective lobbyist on behalf of the charity retail sector with the government and regulators. Management The Chief Executive remains responsible for the day-to-day operations of the charity. As the charity grows, the Trustees have indicated that it is important for the staff team to be increased to ensure that processes are streamlined and professionalised across all operations, particularly as we expand and respond to directives from the strategy planning. We have 19 FTE members of staff across our retail and back-office operations. We continue to outsource our HR management. We use Breathe HR management system to manage holidays, sickness, and employee records more effectively. Risk Management The Trustees understand that they have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to mitigate against these risks. The Trustees recognise that, in the dynamic environment in which the charity operates, the risks encountered are continually changing and as a result commissioned an update to the Risk Register which has been completed, however it Is recognised this is not a static document and will be reassessed and updated on a quarterly basis for the Trustees to review at each Board meeting. The Covid pandemic alerted us to a significant number of new risks that the charitv is exposed to, namely unexpected closures, and the contlnued well-being of staff and volunteers. Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 The Trustees consider that the property portfolio represents a particular risk to its operations at this time, particularly with respect to managing dilapidations and ensuring adequate funds are being retained to cover all and any related expenditure and has recruited a Trustee with experience in this area to asslst with management of the risk. A full Risk Assessment was due in 201912020. This was taken over by the requirement to produce a Risk Assessment for reopenlng post Covid 19 lockdown in consultation with staff. The Risk Assessment for the charity, including Health & Safety and Fire, was a priority for early 202112022 and was led by the Head of Retail. We acknowledge the Health & Safety and Fire Risk Assessment audit raised concerns regarding Wandsworth Oasis, legal compliance in certain areas, highlighting certain major refurbishments were urgently required to bring us in line with expected Health & Safety and Fire standards. RAAM Construction Ltd was appointed to fulfil this work which has now been successfully completed. During the year, it was identified there were several individuals, both staff and volunteer5, removing items from shops. either not paying for the items or not adequately paying for them. The charity has a zero tolerance to behaviour of this nature and has taken the appropriate dlsciplinary steps with those involved and submitted a report to the Charities Commission. We appointed an external security consultancy. Lodge Services, in June 2021 who have reviewed and upgraded all CCTV equipment, the Transpeye system (part of Lodge Services) was installed which links the Epos till system to the CCTV. This system sends the Head of Retail an alert of any suspicious activity or out of hour shop activity. Below is an excerpt from the Risk Register hi8hlightin8 some of the key risks the charity has identified and the steps to mitigate those risks: Organisational Health Risk Lack of specific staff training and development, resulting in rlsk to legal compliance, damage to financiallreputation, Health & Safety, loss of life. Lack of identifiable culture, impact on staff and trustee attraction/retention, inhibit donations and partnerships Mitigation Retail training, Gift Aid training; Fire/Fire Marshal training; Health and Safety Policy and training- Liability insurance- Retail Operation Manual. Shop handbook,. Strategy development; Trustee training; Skills analysis,. Staff training; Staff forum; New51etter; regular communications; Staff appraisals,. London Living Wage Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Finance & Governance Risk Significant rate of inflation and Utility Bills potential 50% increase. Reduction in profit and inability to award grants and achieve charity objectives Increasing staff costs- cost of living increase impact, loss of staff, shop closures and inability to deliver to charity objectives. Mitigation Utility contracts are reviewed regularly with price/supplier comparison5, this is currently unprecedented increased risk. Entry level staff pay is at London Living Wage; Looking to increase our revenue and diversify income generation streams. Development of 3-5 year charity wide strategy Improve shop turnover, optimise profits and planned increase in shop portfolio to absorb the cost; Diversify income streams; Break clause after 6 months in CO contratt. New Central Office additional cost of £20k. Lack of CO would result in limited SMT operational development and growth,. lack of management cohesion, business process improvement, and increase profits for grant distribution. Internal theft: reputational and income generation risk. Profit and goods loss. Increased time demand on SMT, increased reliance on HR consultant. Upgraded ccrv: Appointed external security advisers,. Improved processes and procedures,- Retail operations manual, Company handbook; Staff engagement/training/communication Plan to review all policies; creation of Risk Register. review of all legal compliance,. Policy reviews at each board meeting; key policies reviewed annually. Review Policies fit for purpose, reputational and operational risk, inability to achieve charity objectives. financial and legal implications Retail Operations Risk Mitigation Staff training programme; Volunteer contratt in addition to staff contracts; Upgraded CCTV: EPOS fully integrated system since July 2018: Monitored daity activity,. End of day finance reports- Weekly Transpeye report; Staff purchase record; Effective investigation and disciplinary process; pricing gulde; Regular review of processes. Volunteers or staff Epos fraud; defraud company property or stock- retaining receipts: voiding a sale after customer has paid and taking cash; credits for non- existent returns etc; Under-pricing of goods/ selling at a dlscount to colleagues. Adverse reputational damage, financial loss. Wandsworth Oasls Trading Company Limited Trustees, Report and Financial Statements 2022 Lone working- staff exposed to risk of injury, robbery, impact on physical and mental wellbeing Health and Safety policy not enforced by staff, legallfinancial/reputational implications. Risk of injury to staff/volunteers/cLJStomers. Creation of Lone Working Policy. Health & Safety Policy, Buddy system. Staff training on difficult situationslconversations. Retail Specific H&5 Policy created, Stafflvolunteer Training, Retail Operation Manual, charity wide health & Safety Policy The Impart of the Covid 19 Pandemic The third sector is huge, complex, and diverse. Research by the NCVO. highlights that while the pandemic has put the sector under immense pressure, individual charities, experiences vary widely from reduction of services to increasing thelr services and an increase In income to a deterioration or no change. It depends largely on size, location, and type of charity. The experience of Wandsworth Oasis is largely one of very little change to the outcome of this financial year from the previous fully operational year. The charity entered lockdown in a strong position in terms of reserves and management team. The Trustees agreed in December 2020, and again in June 2021 that the charity was and would continue to be a going concern once lockdown was over and we had started to trade again. We reopened after th lockdown on April 12 2021. Reopening the shops brought challenges the sourcing of quality PPE, social distancing. controlling numbers in shops, enhanced cleaning procedures, staff and volunteers getting sick, resulting in our shops being closed occasionally due to challenges with the rota for the first time in 30 years of tradlng. The challenge to keep our shops fully open continued through 2021 and into 2022. The true costs of COVID19 and recovery not only lie in lost fundraising, event income and opportunities, but in the necessary measures to live and work more safely going forward and on our rnental health. Our volunteer numbers have not fully returned to the number pre Covid, with many volunteers understandably concerned about being in an environment meeting and interacting many different individuals and members of the public. We still offer a free confidential mindfulness support line to staff and volunteers who need help. We want our staff and volunteer teams to feel safe and supported, and we are happy to invest in this. Our communications felt broken, stress was caused to many as a result of the impact of Covid and we recognised the need to reinvest in this area to reunitethe whole of Wandsworth Oasis to the One Charity, One Team ethos we had before the pandemic hit. To this end, in November 2021 we started organisation wide meetings to grow the relationship between staff, volunteers and trustees. On a quarterly basis, we close the shops for an afternoon and bring the staff togetherto share recent developments, talk about future plans and run training workshops on topics both recommended by the Senior Retail Team and suggested by the staff themselves. After the training is complete, the volunteers and trustees are invited to join to enable u5 to thank them for their support and share any developments Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 within the charity. To further raise awareness of the importance of the work everyone in their part is fulfilling, we invite a grant recipient to deliver a talk on how they utilise the funds received, and the ultimate benefits gained by the end service users of that organisation. All grants awarded have a focus on HIV. We have increased our Head Office Team during the last year, with the introduction of a new role, Retail Operations Manager in June 2021- a sign of our confidence in the charity retail business and an indication of our strong performance on reopening in April and new Retail Strategy. While positive. this meant our existing Head Office space was too small for effective teamwork and team building. While the office is no longer closed, we had to operate a bookingsystem forthe office. Thankyou to ourclose contacts at Le Bureau and SouthThames College for helping us out with temporary working and meeting space. We are set up to do flexible / home working, but it is not suitable for everyone, and we thrive on the creativitv and ideas of a shared space for most of the time. A key drive for this year has been to identify and secure appropriate office space at an affordable cost to the charity. which has been achieved. In March 2022, we identified office space at Tooting Works (previously known as Trident Business Centrel. which is a social enterprise that since 1998, funds and supports the charity, Business Launchpad, who in turn transform young lives by supporting them gain enterprise and leadership skllls. They offer complete and personalised business guidance and sUPPOrt to young entrepreneurs from across London, aged 16-30. through workshops and I:1 business coaching. We start our next financial year by taking occupancy in April 2022. And finally, the impact of the coronavirus pandemic demands we take a fresh look at plans. The startlng point for this thinking must be what we want to achieve and how we propose to deliver it. Looking around the high streets in many areas, it Seems that organi5ations are responding to these circumstances by taking a hard look at what should be retained and what should be divested from operations. A true review of operational costs. The decision was taken to close our Streatham shop when the lease came up for renewal in September 2021. The shop had been loss making for years; despite everything we tried to successfully turn it round. Clarity of future direction is needed before recalibrating and recasting fundraising and volunteering strategy, too, to take account of fundraising techniques that have emerged and those that have been lost and what the public is telling us about volunteering. This is good and timely news for Wandsworth Oasis as it plans to completely review its overall strategic plan and delivery of the Retail Strategy. This may result in slight tweaks or major adjustments to our financial forecasts and operational budgets and targets having recognised the frailty of business post Covid 19. Objectives and Activities for Publlc Benefit Our charitable objects set out in the company's Memorandum of Association are to relieve sickness amongst persons who are HIV positive or living with AIDS or those affected by io Wandsworth Oasls Tradlng Company Llmited Trustees, Report and Financial Statements 2022 HIV/AIDS, by the provision of care, support, and counselling to those who are HIV positive and people with AIDS and their families and people caring for such persons in particular in the London Borough of Wandsworth, and provide education and training to members of the public in the needs of such persons living with HIV/AIDS and in the better understanding of AIDS. The trustee5 confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year. They agree that as we are primarily a fundraising organisation, and th e refore too small to handle the casework involved in direct support for large numbers of individuals, we will continue to work largely through other charities that can help us achieve our aims by funding projects which will be of benefit to our target client group. Our grants programme is regularly under review to ensure it remains current and relevant. Our Hardship Grants for individuals on referral from an agency is administered by The River House Trust on our behalf. Ensuring our work delivers public benefit We have spent some time assessing the social and public benefit of our work. As a grant giver we use an application form to assess the potential benefit of each piece of work that we fund. Each charity that receives funding from us is required to provide an impact report at the end of the funded year. We also look at the value our shops provide in terms of waste kept out of landfill and cost savings to the local council alongside the opportunities we give to local people to enter the paid or volunteer workforce. The charity aims to establish the impact of Its grants and review its impact reporting during 2022 more clearly. We have Introduced Terms & Conditions the grant recipients must agree to ensuring they deliver on the aims of the grant application and appropriate use of funds awarded to their project or organisation. Grant making policy Restricted funds are given to organisations who can demonstrate the positive impatt of the money on people living with HIV with a predominant focus on Wandsworth and Lambeth boroughs and to charities that provide information that help5 to raise awareness about HIV and how it can be prevented. There is currently a focus on South London boroughs, in particular Wandsworth and Lambeth. The programme is advertised on local forums, the website and in specialist press and is proactively communicated within the HIV sector. Applications presented in the correct format are reviewed against the criteria by the Board of Trustees following recommendations from the Grants Committee. Trustees and staff visit each of the charities it supports at least once in the year following the grant to establish that the funds are being used for the purposes given and to gain a greater understanding of the work of the sector and its emerging challenges. li Wandsworth Oasis Trading Company Llmited Trustees, Report and Financial Statements 2022 We envisage, going forward. with the planned development of a new charity wide 3-5 year strategy, the geographical focus may expand to include geographical areas and communities it is felt retain a higher than average risk of either contracting HIV, require awareness of and to combat the stigma associated with HIV. How HIV Impacts London As a direct impact of Covid 19, there has been a delay in producing up to date HIV statistics. The following is information stated in the UK Health Security Agency report". quoting annual official statisticsldata to the end of December 2020. Covid 19 changed patterns of sexual behaviour in the UK, HIV testing and access to sexual health and HIV services in 2020. Compared to 2019, the number of people tested for HIV at sexual health services ISHS) decreased by 30% in 2020 and almost half147%1 of the 927,760 people testing in 2020 did so online. The Fast Track Cities Report 2021, Evolving HIV Care in London, states London is the region most affected by HIV in England. It Is home to around two-fifths of all people living with HIV in the UK. The 14 English local authorities with the highest rates of diagnosed are all in London, as are 17 of the 20 highest rates of diagnosed prevalence. However, across the citv there is significant local variation, with a fourteen-fold difference in the rates of new HIV diagnoses and a seven-fold difference in rates of diagnosed HIV prevalence among the 33 local authorities in 2019. Of the 1,559 heterosexual people diagnosed with HIV in 2019, 37% were black African men and women. These groupsform the focus of oursupportfunding, although it is often very hard to reach the latter group because of stigma and culture. Approaching half of people receiving specialist HIV care are now aged 50 or over142Y.I, compared to less than one in five in 2007. Almost 40 years on from the emergence of the HIV epidemic, modern HIV treatment now mean5 that people can live with HIV into old age. This does, however, mean that for the first time there is an entire generation of people growing older with HIV which brings with it its own set of new challenges in public health, social care and wellbeing. We particularly welcome applications from organisations working with this group. There is a dearth of data on transgender and non-binary people receiving HIV care in the UK, but Public Health England {PHEI is beginning to redress this: 123 trans people were recorded as accessing HIV care in England in 2017. The vast majority188Yol were trans women. Just over half were living in London, 62Yo were white and 42¥0 were aged between 35 and 49 years. Figures for the proportions diagnosed late, taking HIV treatment, and having an undetectable viral load were the same as for the wider population of people living with HIV. However. the proportion under active psychiatric care116%1 was far higher than for other people living with HIV14%1. We are proud of our role as a Trans Ally and for being the first charity to provide funding for transgender support- counselling and general wellbeing at CliniQ. 12 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 In a report forthe National AIDS Trust researchersfound that, after40 years of HIV. many people still do not know about HIV. are confused by how it is passed on and do not know that people on effective HIV treatment cannot pass on the virus. They do not know that medicine {PrEPI exists which people can take to prevent getting HIV. Many of their references are dated back to the 805 and 90s. They do not think about their sexual health, and they are not getting it checked regularly. Sadly. many people have deeply entrenched stigmatising views either because they do not know about HIV or for reasons linked to homophobia, racism, and gender. One of the key roles we play in the community is breaking down stigma and mainstreaming testing. This recent research demonstrates that we should look at community initiatives that will help understanding about the virus and abolish Stigma. How Our Grant Programme Delivers Public Beneflt Grant recipients offer support to their Specific HIV beneficiaries in a variety of ways, all aligning with the objertives of Wandsworth Oasis as set bythe Trustees of the charity. Below are some examples of how we are specifically delivering to our objectives. Posltlve East: The Re:Assure Women's Project remains London's only tailored service for HIV positive women, who have experienced domestic abuse and are survivors of rape, and are all at an increased risk of poor mental health, co-morbidities, non-adherence to anti-retroviral medication and increased abuse. Due to the grant support received from Wandsworth Oasis Positive East have been ableto Successfully support nearly Ioowomen over the past year, providing them with I'.1 clinical psychology, access to workshops and peer support. and skill building opportunities. Over the course of the project the women have Increased thelr knowledge regarding sexual health & HIV, sexual rights & sexual wellbeing, and their ability to speak of these matters. The participants reported an increase In theSr use of strategies for: managing abusive behaviour within relationships and disclosing their HIV status. They also showed increased self-esteem levels, lower depression, and anxiety scores. st Georges Hospital Courtyard Clinic- This project supports the holistic wellbeing of people living with HIV by providing a massage service. For many individuals living with HIV, chronic body and joints pain are a constant reminder of their condition and the provision of a massage service lowers the physical pain endured and levels of stress, in addition to alleviating tiredness. Between October 2019 and November 2021, there were 233 massage sessions received by 59 patients at the Courtyard Clinic. These number would have been higher had it not been affected by the Covid 19 restrirtions. Of attendees, 52% identified as male and 48% as female. Before the first session each patient was given a pre-questionnaire asking how stressed, tired and how much pain they were feeling on a scale of I to 5. After the third session, these same patient5 were given a post-questionnaire asking the same questlon5. Those who completed the questionnaire reported the following outcomes: 13 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Stress: 25% felt less stressed, 75% felt the same and 0% felt worse. Tiredness: 75% felt less tired, 25% felt the same and 0% felt more tired. The River House Trust: Their mission is 'a better life for people with HIV, and focus is on supporting people as they grow into olderage; particularly if they are affected by poverty. The three main aims are: Reducing the impact of loneliness andlor Isolation. Reducing the impact of poverty. Improving health and wellbeing. The number of people this project directly supports from South West London are: 54 members from Wandsworth and 45 members from Lambeth. Their current total membership is circa 800. The project to reduce the feelings of loneliness or isolation was achieved for 150 people over the 2021-22 year. This was achieved by individuals both male and female, attending the peer lunches, and a specific Women's peer sUPPOrt group. Improved health & wellbeing was achieved by 100 people over the 2021-22 year by attending the hiking group excursions which are well attended by 30 individuals. Members also benefit from the nutritious and well-prepared meals as part of the peer lunches. If members cannot afford to make a £5 contributionto the meal, no charge is madeto them Members also volunteer on other prograrnmes within the River House. During Covid restrictions. the River House Trust provided food parcels for members as many could not leave home to shop or were adversely affected financially. The ultimate beneficiaries of our grant programme are some of the most mar8inalised within our society; the trans and non-binary communities, LGBTQl+, people living with HIV/AIDS and the associated stigma, BAME and those living on or below the poverty line. Our grant recipients reached the end service beneficiaries in following areas.. Holistic, via massage services: 59 Nutritional, by the provision of balanced meals, foodbank service and nutrition education: 200+ Mental and physical wellbein& delivered through peer mentoring, physical activities, social connection. clinical psychology: 500+ Raising awareness, via AidsmapCHAT, 20,000 min views per episode. Implications for prevention There are several approachestothe prevention of HIV transmission which we support, albeit in sm311 ways: Correct and consistent condom use remains an extremely effective way to prevent HIV transmission. Investment in HIV prevention has resulted in moderately high rates of condom use in key populations. Continued funding in prevention activities remains critical in curbing the HIV epidemic. We give out free condoms in our shops and 14 Wandsworth Oasls Trading Company Limited Trustees. Report and Financial Statements 2022 community events. Reductions in undiagnosed infection can be achieved through increasing testing coverage. We work with local authority commissioners and service providers to deliver innovative HIV testing in our shops. We continue to fund the work of NAM who produce important publications for people with an H IV diagnosis in multiple languages. We have funded several innovative programmes aimed at the LGBT community to raise awareness of HIV prevention and safe sexual prartice through open mic forums focusing on modern gay male, in particular, attitudes to sex and drugs, videos and support groups. The external environment and ongoing funding pressures means our small grants programme is increasingly important for small charities who often work with some of the most excluded individuals. The significant increase to the cost of living will compound this further. The trustees are aware of the trends and issues in the settor and attempt to target the funding where it can be most effective. The trustees are pleased that the achievements and the performance of the charity, as set out below, demonstrate concrete progress. Community Volunteer Programme The Trustees and staff greatly appreciate the contribution of volunteers. We have a policy to give all individuals an opportunity to contribute whether it is to improve their language skills- to gain work experience; to give them much needed strurture in their lives or simply an opportunity to interact with others. We have an average of 65 volunteers at present who work in our 9 Shops and central office, helping keep them open seven days a week for an average 8-hour day. This saves the charity approximately £291,610 per annum. Without the contribution of volunteers, we could not fulfil our charitable objectives as effettively. We have started to invest in our Volunteer Programme - to give them and our staff - welcoming and safe environment within which to operate, by introducing quarterly meetings where volunteers can meet the trustees and hear a presentation from a grant recipient on how they spend the money, the staff and volunteers work so hard to make. Our retail team have also instigated a review into our process on attractin8, hiring, and retaining volunteers and have appointed an external consultant highly experienced in this area, who will work for us on a pro bono basis to develop a volunteer strategy. The main activities undertaken by volunteers are customer relations; sorting and pricing donations; shop related financial transactions; shop and window display; and loading and unloading customer vehicles. Community Engagement As a result of the pandemic our community engagement programme was restricted throughout the period of review. with a number of activities sadly cancelled due to the concern of supporters and staff meeting in numbers at close quarters. Our engagementtakes place in our shops, at community led events and at networking meetings across South West London. Although some events were cancelled or restricted, we maintained a level of social 15 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 media interaction and raising awareness of our shops and cause. We reopened our shops In line with Government guidelines in April 2021, but managing the shops was challenging and events could not initially take place because of reduced numbers In shops due to social distancing measures. We were able to proceed with the Red Ribbon Cabaret on I, December 2021, our major fundraising and awareness raising event in the calendar. Which was a great and welcomed success. We have also commenced working in partnership to support a local initiative. Disnay Snatch Game, currently held on a quarterly basis at the Two Brewers in Clapham, who are a long- term supporter of Wandsworth Oasis and whose support is greatly appreciated. The Snatch Games are a mix of fundraising and raising awareness of and fighting the stigma associated with HIV and highlighting the part we play in the HIV area and local community. We continued to engage with the local community on social media. We maintained our communications with key influencers in our community - local civic leaders, local politicians, the local LGBTQ+ community and the local business community. We remain proud of our long-term partnership with South Thames Colle8e, albeit much of our planned activity was postponed, we are looking forward to resuming our involvement with the South Thames College Fashion Show in June 2022. Green Agenda CharSty shops are the orlginal recyclers on the high street and yet we a150 have big issues with waste management to contend with. We are increasingly aware of our commitment to keeplng as much out of landfill a5 possible. We received income from recyclers of £46,178 during the year- mainly textiles. but also media, bric-a-brac, electricals and books. This very loosely equates to about 115 tonnes of textiles being kept out of landfill and many tonnes of books being recycled or donated to education establishments in the third world. It is our aim to set up systems to capture this important data more accurately in the future. We are aware of the probable impact of the increase to cost of living. fuel, and transportation costs, which will adversely affect the income from this area, and we suspect the increase in cost will not be reduced should the initial causes of the Increase diminish or lessen. We continue to look at alternative ways of disposing of unsaleable items to keep income levels as high as possible. Financial Review Principal Funding Sources Wandsworth Oasis operated nine permanent charity shops in 2021- 2022. Our shop in Streatham was closed at the end of September 2021 due to underperformance at the natural end of the shop lease. 16 Wandsworth Oasis Trading Company Limited Trustees. Report and Financial Statements 2022 Our income from sales of donated goods is the main funding source for our operations. We strongly believe in green ethos and recycling agenda, where items should go to landfill only as a last resort. We try to recycle all items not deemed saleable and income from recycling was a signlficant income source for the year. We run several awareness raising and fund generating events in the year that bring in donations and additional funds to support our cause. Financial Performance 2021122 Wandsworth Oasis had a busy year of recovery from the unprecedented impact of the coronavirus pandemic. We did not plan for further lock downs and there were no mandatory restrictions preventing our shops from trading normally. Our financial performance was much stronger than expected. We achieved this with the tireless work of our retail staff team and volunteers and the continuous support of our donors. Efficient cost management meant that Wandsworth Oasis ended with secure financial and liquidity position to support our long-term structural expansion. We almost reached our annual tar8et income, which we consider a succes5 provided the challenging environment of volatile labour market. We estimate to have lost circa IO% of potential annual trading hours with shop closures due to staff sickness and shortages or planned delayed maintenance work to comply with Health and Safety regulations. Income Generation We started the year with one-off state support via the Restart Grants for retail property, distributed from the local councils. We received £40,000 as part of that support. Ourtotal income generated to 31 March 2022 was £1,245,443, which represents almost 10% reduction, comparing to our last period of undisturbed trading of 201912020. This significant shortfall was mainly due not receiving any substantial donations or grants from other organisations or individuals and costs associated with the closure of our shop in Streatham. l. Retail Sales Comparing to results from previous years our total weekly average sale5 of donated goods increased to £21,611, which was a sign of promising annual retail growth. Wandsworth Oasis reclaimed a total of £49,203 from Gift Aid, that is 4% of total income generated. 17 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 We acknowledge the potential loss of revenue due to multiples of unplanned staff shortage and maintenance closures. Despite our reduced shop numbers our retail portfolio managed to achieve better than our historic targets. Our like for like totals of £1,011,350 in 2019 {our last normal trading yearl, versus our most recent trading shows an increased gross total of £59,373. Our retail revenue result is interpreted as follows: Sales Tumover £1,070.724 £1,011,351 £59,373 Ave rsho £118,969 £91,941 £27,028 29. 2021 2019 Totsl increase inal Increase 9sho Iosho s+ Ma Our core fundraising objective was met by 5.87% increase of our retail income which proved that Wandsworth Oasis is taking the right steps in securing our operational stability. We achieved this despite the slowdown to our expansion plan. We did not manage to secure new retail space and we operated one shop less than the number of units in the previous financial year. Most of our nine shops managed to solidify their retailing position. We are regularly monitoring the individual profitability of each shop and taking steps for improvement. 2. Glft Ald We engaged an external service provider to probe our Gift Aid system and complete a full audit. Their report from February 2022 did not flag any major concerns. Our process and audit log are strong, but we need to integrate a robust staff training and refresher, capturing all new joiners and current staff and reiterate about Gift Aid fraud. Our annual claim was submitted in March, and we realised income of £49,203. 3. Recycling Our usual recycling partners land all charity recycling businesses) were struggling due to difficult post pandemic environment. Our income continued to fall because of the instability of the global rag market and the rates offered were lower than previous year5. Though our Income for the year increased to £46,178 which was 60% up from the previous year, our result, was still a 20% reduction to historic best in 2020. We continue to look at alternative ways of disposing of unsaleable items to keep income levels as high as possible. 18 Wandsworth Oasis Trading Company Limited Trustees. Report and Financial Statements 2022 Expenditure Our total annual expenditure for the year to 31 March 2022 was £1,302,732. Our grants dSsbursed for charitable activities of £102,470 form 7.8% of that total. The board of trustees decided to release funds beyond our profits for the annum from surplus accumulated in previous years. Our operations were withing or lower than our budgeted cost for the year, which indicates that we 5crutinise and keep our expenditure to minimum. We strive to optimise our staff numbers and make up, to improve our skills mix. Staff costs represent a substantial portion of our operational requirements and form 46.5% of our expenditure. In the recent financial years, we aimed to build operational reserves that would support the management of anyforeseeable risks. Wandsworth Oasis retained a very strongcash position which 15 maintained within our target for three months of operational reserve. Grants Awarded We approved and disbursed beneficiary funding totalling £102,470 to organisations working directly with people living wffch and affected by HIV and for HIV awareness and prevention activities. The grants awarded went beyond our yearly profit, but the board of trustees agreed about the importance of supporting our charity partners whose activities resumed after considerable lockdown insecurity. The Trustees believed we should balance our grant glvlng capacity with our ability to sustaln ourselves and were able to release funds from our acquired surplus from previous years. Below is a summaryof the projects and organisationsthat wefunded between April 2021 and March 2022. It is worth noting we have committed an annual award of £25,000 for the next two years to the River House Trust, dependant on funds available and our financial stability. 19 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Date Grants Awarded 20ZI- 2022 Amount 1710812021 The Rfver HouseTrust- Focdbank and Peer-lunches £7,OLK) 2810312022 The River House Trust- Peer lunthes for IW+ isdated people livin8 Wlth HIV from the iolder communty,. f￿dbankseNce br 60+finanoally disadvantaged indivlduals £25.000 28103n022 ..CliniQLtd- Hollstic wellbeing 5ervlces and peer mentorlnK £8.580 28103n022 'Positive East- Project ReAssure'. individual cllnical psy¢holoEY* empowemientworkshop5, 1 volunteeropportunitie5, advocacy WOTk £io.wo 2810312022 The Food Chaln IUKI Ltd- HIV Nutrltional Suppirt £20,tKJO 28103n022 'Courtyard Cllnlc- HIV mass•8e and ¥eflexoh)8y sessions £15.000 28-Mar-22 Wandsworth LGBTQ Forum- London Rainbow Plaque Stherne £10.300 28-Mar-22 NAM Publiration5- AidsmapCHAT IDie 30-minute d15cusslon foT latest Hlvtreatments and prevention I&Dec-21 The River Howe Trust- Hardship grant £1,590 Total £102A70 Policy on reserves The Trustees annually review the reserves of the charity to ensure appropriate levels are retained to meet future demands, contingencies, and commitments. Our reserves policy was last updated during our February 2018 Board Meeting when the Board approved a new level of operational reserve. The level was set to unrestricted reserve equal to three months of planned core operational costs based on the approved annual budget forthe year. The level required is determined based on our approved annual budget forthe following year. At the end of the financial year our general retained funds are £506.813 and designated funds are £150,000. The retained funds will maintain the infrastructure and future development of the charity and its volunteers and staff whilst also continuing to support charities that work with people afferted by HIV. At the Board Meeting of 8 March 2022, the trustees reviewed our financial and operational viability. The primary fundraising activities of our organisation arise from the sale of donated goods in our 9 shops. We acknowledge the Health & Safety, and Fire Risk Assessment audit, which raised concerns regarding Wandsworth Oasis, legal compliance in certain areas. This highlighted certain major refurbishments were urgently required in shops to bring them up to expected Health & Safety and Fire standards. We anticipate this will create a higher-than- 20 Wandsworth Oasis Trading Company Limited Trustees. Report and Financial Statements 2022 expected cash flow strains and the costs will be capitalised and expended over the remaining life of the leases. Despite the difficult circumstances and coming Out of Covid-19 pandemic, the Board formed an opinion that Wandsworth Oasis is an ongoing enterprise. The Trustees are not aware of any immediate material uncertainty, disclosures or events that could trigger insolvency in the next 12 months. The Board reviewed its position again on 21 June. Based on the current approved budget for 22123 the operations of our existing retail portfolio and supporting funrtion requires £328,814 quarterly. It was decided that the surplus accumulated in previous financial periods should form part of core reserves. With a view of sustainability, the trustees agreed to level our core reserves to the new quarterly operational budget for the year when possible. Growth In online operations will further support organisational resilience alongside an increased demand for charity shops as the economy recesses. Remuneration and HR The Nominations Commlttee's key responslbllity and activities include reviewlng the staff structure of Wandsworth Oasis, its skills set, knowledge and experience. The nominations committee would annually evaluate staff s level of pay to comply with changes of employment law, taxation, and remuneration. A salary structure with 6 grades, reviewed and updated periodically with the last review taking place in 2022, is used to set salary levels for staff, In March every year the Nominations Committee reviews the inflation rate as published by the Office for National Statistics and agrees any inflationary pay increase for the staff. The Nominations Committee undertakes benchmarking exercises of peer charities with retail portfolio of a simllar size by reviewing reports prepared by charity specialist organisations. Wandsworth Oasis is aiming to embed a culture of high performance that allows our people to thrive and reach their full potential. As part of adopting our new retail strategy the board concluded that we need to consider some staff restructure to support our future growth. We employed a Retail Operations Manager to support our Head of Retail in implementing changes. The Board of trustees agreed we will be offering the London Living Wage as a starting pay package to all staff after the retail staff restructure is completed. Employees engagement has always been considered critical to our succe55 and recognised as such by the senior leadership team. Staff across the whole organisation and the shops have been integral In developing our work and participating In major organisational initiatives. 21 Wandsworth Oasis Trading Company Limited Trustees. Report and Financial Statements 2022 Related Party Transactions During the year Wandsworth Oasls had the following transactions with other organisations in which trustees had interests. The charity made grants totalling £33,590 in the year and £12,594 in the previous year. to the River House Trust, {registered charity (England & Wales) no. 10596961 of which Chris Woolls is Executive Director. The charity has also made the additional commitment to the River House Trust of an addition £25,000 for the next two years, financial stability and income, permitting. Future plans Historically, our business development plans have largely focussed on expanding our retail estate. As we transfer the leadership to a new CEO and Chair it is appropriate that they revisit our strate8ic priorities. Our priorities for the year ending March 2023 will include and not restricted to: Governance Embedding the relationship between the new CEO and Chalr, following a successful handover in August - October 2021 and the commencement of a new 3-year strategy for the charity Reviewing the workings of the Board and recommendations for its development to best support the charity Developing a charity wide 3-5-year strategy Reviewing the training provided for the Trustees and creating a training plan Retail Operations Progressing with and supporting the implementation of the 3-year retail strategy approved by the Board in March 2021 in order to deliver more value to our HIV Support and Prevention Grants Fund and to professionalise and protect the operations and assets. Audit the Health & Safety and Fire Risk Assessment for all shops. ensuring legal compliance. Review current shop portfolio, up8rading facilities and shop style to maximise revenue potential Audit information available to retail staff and supply operational guideline5 to improve Health & Safety, and consistency of service Communications Creating a communications plan to reinforce the One Charity. One Team focus for all Staff and Volunteers to promote sense, and feelin& of being valued, informed, and sUPPOrted 22 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Develop methods to improve inclusion of staff, volunteers, and trustees Fundraising pollcy Wandsworth Oasis does not Use fundraising services, consultants, or external professional fundraisers to undertake its fundraising activities. Fundraising is an area that will be focused on during the current strategy development of Wandsworth Oasls, with diversification of income streams a key component of the future strategy. Our main current approach to fundraising is delivered via external events, organised and run by Wandsworth Oasis Staff and volunteers. We do not directly solicit the publicfor monetary donations and have the facility for voluntary donations to be made by members of the public via our website. Our events are a mix of fundraising and awareness of HIV/AIDS. Our activities are a combination of attending public events and ticketed entertainment events. The public events comprise of fairs and county shows, such as the Lambeth County Show, where we sell items from our portfolio of charity shops. All purchases are processed via portable card payment machines and recorded in our accounts. The entertainment events fundraising currently comprise of our annual Red Ribbon Cabaret and quarterlysnatch Game evenings. Both events provide entertainment from acts who have volunteered their time for no or very little fee, and the profrts from the sale of the tickets are included in our finance reporting. Annually, we support the Positive East initiative, on their Red Run HIV awareness and fundraising event. We promote the event via social media and on our website. Individuals Slgn up to attend the event either on the Wandsworth Oasis or Positive East webslte and nominate which charity they would like their Red Run entrance fee associated with and given to. On occasion, supporters of Wandsworth Oasis will organise and run their own fundraising events, donating all or part of proceeds to us. These external events are a mix of entertainment or sporting activities. When approached by individuals or organisations for fundralslng purposes, we review the background to ensure compliance with our values as an organisation and to identify any areas that may cause future embarrassment or damage to our reputation. We work with these external organisations and individuals to understand the content of the event and their interaction with other parties or groups of individuals and to confirm they are working to the standards expected by the Code of Fundraising Practices. We do not use fundraising services, consultants, or external professional fundraisers to undertake our fundraising activitie5. No members of the public are directly contacted via telephone, email or in writin& to illicit the donation of funds to Wandsworth Oasis. We operate a Gift Aid scheme. To ensure we are operating to a high standard in this area, we deliver Gift Aid specific training to all staff and volunteers as part of induction, with periodical 23 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 refresher trainin8. We have recently conducted a Gift Aid audit by an external facilitator, who reviewed our records and found us to be compliant in this area. We are in the process of registering with the Fundraising Regulator and believe we have complied with the Charities Art 2016: fundraising rules. To date we have received no complaints with regards to fundraising either directly or on behalf of external fundraising activities. No data is shared with orsold to any extem31 agencies. Wandsworth Oasis does not approach vulnerable people to support its works. Statement of Trustees, responsibilities The trustees (who are also the directors of Wandsworth Oasis Trading Company Limited) for the purposes of company lawl are responslble for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republi of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period, In preparing those financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charity SORP Make judgements and estimates that are reasonable and prudent Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: There is no relevant audit information of which the charitable company's auditors are unaware, and The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 24 Wandsworth Oasis Trading Company Limited Trustees. Report and Financial Statements 2022 The trustees are responsible for the maintenance and integrity of the corporate and financial nformation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In preparing this report the Trustees have taken advantage of the small companies, exemptions. The report was approved by the Board of Trustees on 21 September 2022 and was signed on its behalf by: Mr R Effs- Chalr Mr B Black- Trustee 25 Wandsworth Oasls Trading Company Limited Trustees, Report and Financial Statements 2022 Independent Auditor's Report to the Members of Wandsworth Oasls Trading Company Limited Opinion We have audited the financial statements of Wandsworth Oasis Tradlng Company Limited (the 'charitable compan¢) for the year ended 31 March 2022 which comprise the Staternent of Financial Activities. the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2022, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditlng IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance wlth these requlrements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the Trustees, assessment of the entity's ability to continue to adopt the goin8 concern basis of accounting included critical reviews of budgets and forecasts provided. 26 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other information The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other informatlon and. in doing so, consider whether the other information is materlally inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescribed by the Companies Art 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees, report lincorporating the Directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements- and the Directors, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charitable company and it5 environment obtained in the course of the audit, we have not identified material misstatements in the Director< report. 27 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Directors, remuneration specified by law are not made; or we have not received all the infomiation and explanations we require for our audlt; or the Trustees were not entitled to prepare the financial statements in accordance with the small companies, re8ime and take advantage of the small companies, exemptions in preparing the Directors, report and from the requirement to prepare a strategic report. Responsibilities of Trustee5 As explained more fully In the Trustees, responsibilities statement included in the Trustees, Annual Report. the Trustees (who are also the Directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparingthe financial statements, the Trustees are responsible for assessingthe charitable compan¢s ability to continue as a going concern, disclosing, as applicable. matters related to 80ing concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audltorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 28 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Irregularitie5, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to whlch these are capable of detecting irregularities, including fraud is detailed below: Obtaining an understanding of the legal and regulatory frameworks that the entity operates in, focusing on those laws and regulations that had a direct effect on the financial statement5; Enquiry of management to identify any instances of known or suspected instances of fraud; Enquiry of management and those charged with governance around actual and potential litigation and claims; Enquiry of management about any instances of non-compliance with laws and regulations- Reviewing the control systems in place and testing the effectiveness of the controls,. Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accountin8 estimates for bias. Reviewing minutes of meetings of those charged with governance; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less Ilkely to become aware of instances of non-compllance. The risk is also greater regarding irregularities occurring due to fraud rather than errqr, as fraud involves intentional concealment. forgery, collusion, omlssion or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. https:l/www.frc.org.uk/Our- Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-for- auditors/Auditors-responsibilities-for-auditlDescription-of-auditor>responsibilities-for- audit.aspx. This description forms part of our auditorfs report. Use of this report This report is made solely to the charitable compan¢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 stateto them in an auditorfs 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 29 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 company and the charitable companws members as a body, forouraudit work, forthis report, or for the opinions we have formed. Stuart McKay BSC DCA DChA {Senior Statutory Auditor) for and on behalf of MHA Maclntyre Hudson Statutory Auditors London, United Kingdom Date.. 0611212022 30 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 slatEffl￿(é finarridacb¥ib*n¢orporabny an income ènd expenditure aCCOLntl s resrète( 31 Marth Y)22 31 March 202. Un￿striCted Restricted UnTeslritted Ile5trrted rotal Note Oonaiions legacts otherTtad￿g Activities Inve51ments 102.855 l.l4l.567 1.020 101855 1.141567 573.955 9.406 1.427 573,955 569.4D6 1.427 Tdal l.245.442 1,144.788 1.144.78E Raising fund5 Charita￿e artivities Support Awaren￿5 Pteventiun Hardship l.l49.880 3.000 U52,8 985.021 3.QOO 998.021 124.308 14.96l 7.914 2.309 97.818 12.622 97.818 12,622 U.961 7.914 3.764 3.764 Trtal exFWW 1.299.372 3.000 1,302,372 I.OY9.225 3,oryJ L.102.22: 153,930,, 13.OCIJI 156,9 45,563 42,563 T¢MI fund5 br￿9￿fOrward 728,727 4.750 731477 683,164 7,750 690.914 674.797 1.750 6IA547 72&727 4.750 733.477 31 Wandsworth Oasis Trading Company Limited Trustees. Report and Financial Statements 2022 'Wandsworth 08slsTradln¥Comp3ny Ltd Balance sheet A5at 31 March 2022 As reststed 31 March 2021 31 Maith 2022 Note Fixed assets: Intangible asset5 Tangible assets 4.168 55,684 9,786 61,881 59.952 71.667 Current assets: Debtors Cash at bank and in hand io 211,529 589,730 197.793 500,804 801,259 698,596 Creditor5.' amounts falling duewithin one year Grants payable li 60,477 92,380 36,786 li 152.857 36,786 Net current assets Non-current liabilitie5: Provision5 12 31,806 Total netassets 676y7 733,47 Thè fund5 ofthe ¢harlty: Restricted funds Unrestrlttedfunds.. Designated General 13 1,750 4,750 150.000 150.000 S78,727 524,797 Total unre5triLted funds 674,797 728.727 Totsi charlty fund$ 676,547 733,477 The accounts have been prepared in accordance with the provisions applicable to companies Subject to the small companies, regime. Approved bythe Board of Trustees on 21 September 2022 and were signed on its behalf by: Mr R. Effs-chair Mr B. Black-Trust 32 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Ststements 2022 Wandsworth Oa515TradinB Company Ltd ststement ofcash ￿0w$ Forthe yeorendèd 31 March 2022.. Note 31 March Z02Z 31 March 2021 Cash fftowsfrom operatlng artlvliles Net intome/le¥penditurel forthe reKK)rtlng perlod Depreciation chèrge Amortlsatlon I￿.930) 14,607 5,518 11,0201 113,7361 116,075 31,806 42,564 11.264 5.518 11,4271 121,2351 131,8171 Investment Incorne Ilncreasel/decre3se in debtors Increaselldecreasel in creditors Provlsion end of lease dilapidation io li 12 Wetcash provlded by operating artivlties 96,920 4,867 Cash flows from investing artlvltle$'. IAdditionsllDisposal of Flxed Assets Investment in¢ome 18.4111 1.020 1.427 Netcash provlded used In Investlng actlvlties 17,3911 1.427 Change In cash and cash equivalents in the year 88.929 6.294 Cash and cash equlvalents at the beginning ol theyear 500.804 494,510 Cash and cash equivalents atthe end ofthe year 589,730 5W,804 The Charlty has not included an analysis of changes in net debt table as it did not hold any such debt during either the current or prior year. Notes to the Financial Statements for the year ended 31 March 2022 ACCOUNTING POLICIES Basis of preparation The financial statements are prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland {Charlties SORP IFRS 10211 and applicable UK accountlng standards. Wandsworth Oasis Trading Company Limited meets the definition of a public benefit entity under FRS 102. 33 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Financial Statements- Continued for the year ended 31 March 2022 I. ACCOUNTING POLICIES Icontlnuedl Going concern The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements. The Covld-19 pandemic has had a significant impact on the charity, as its 10 shops were closed for several months. In the periods of the first and second lock down the charity was in receipt of Government and Local grants and, by reducing Costs to a minimum, minimal operations were sustained, and reserves not used. After restarting operations in April 2021, the charity regained its financlal strength and the reliance on Government funding was deemed temporary. Growth in online operations will further support organisational resilience alongside an increased demand for charity shops as the economy declines. Based on this the trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a goin8 concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. Incoming resources All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. The Charity receives government grants in respect of furthering its charitable objectives. Income from government and other grants are recognised at fair value when the Charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be reliably measured. If entitlement is not met, then these amounts are deferred. Resources expended Expenditure, including termination benefits, is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent wlth the use of resources. Grants offered subject to conditions which have been met at the year-end date are noted as a commitment but not accrued expenditure. 34 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Financial Statements- Continued forthe year ended 31 March 2022 I. ACCOUNTING POLICIES {contlnuedl Intangible Fixed Assets Intangible fixed assets, which are computer software costs including the costs of developing the charity'5 website, are stated at cost less accumulated amortisation. Costs include the original purchase prlce and costs incurred in bringing the asset into use. Amortisation Is provided to write off each asset over its estimated useful life of five years in accordance with Wandsworth Oasis approved financial procedures. Tangible Fixed Assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life in accordance with Wandsworth Oasis approved financial procedures. Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable. and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at Cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Improvements to property Over the life of the lease Computer equipment 20% on straight-line Office Equipment 20% on straight-line Taxation The charity is exempt from corporation tax on its charitable activtties. Fund accounting Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds that have been set aside for a particular purpose at trustees, discretion. These would otherwise form part of the general reserves of Wandsworth Oasis. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are ralsed for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 35 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Flnancial Statements- Continued for the year ended 31 March 2022 I. ACCOUNTING POLICIES Itontinuedl Lease commltments Rentals paid under operating leases are charged to the Statement of Financial Activitles on a straight- line basis over the period of the lease. Pension costs and other post-retlrement benefits The charitable company operates a defined contrib(rtion pension scheme. Contributions payable to the charitable compan¢s pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Flnancial Instrument5 The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows: Debtors trade debtors, other debtors and grants receivable are basic financial instruments and are debt instruments measured at amortised cost, this can be seen at Note 10. Prepayments and accrued income are not financial instruments. Cash at bank- is classified as a basic financial instrument and is measured at face value. Liabilities - accruals are classified as financial instruments. and are measured at amortised cost, this can be seen at Note 11. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is simply an obligation to deliver services rather than cash or another financial instrument. 36 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Financlal Statements- Continued forthe year ended 31 March 2022 I. ACCOUNTING POLICIES Icontlnuedl Prior year restatements During the year the Trustees reassessed the classification of the £544,370 of Government grants received in response to the Covid-19 pandernic and now consider them to represent unrestricted Income from Donations and Legacies instead of unrestricted Income from Other Trading Activities. Further reassessment of income classification also resulted in the £710 of Fundraising and events income being reclassified from Income from Charitable Activities to Income from Other Trading Activities. The Trustees also reassessed the identification, classification and allocation of expenditure during the year. As a result, total governance costs increased from £4,162 to £33,525, total support Costs increased from £12,381 to £168,185, total costs of raising funds decreased from £1,013,157 to £988,021. Expenditure on charitable activities has also been reanalysed between the Charity's four thematic grant areas. During the year the Trustees also reconsidered which members of staff they believed to represent'senior management, and thus Key Management Personnel. Increasing the number of staff has resulted in the Key Management Personnel Remuneration comparative increasing from £49,403 to £114,190). Notes 2, 3. 5 and 7 have been updated accordingly to detail these restatements, which have not had an impact on the result for the year ended 31 March 2021. Critical accounting estimates and areas of judgment Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In particular, due consideration was given to the potential implications of the COVID-19 pandemic on accountingJudgements made in connection with the 2022 financial statements. The pandemic has not impacted the judgements made. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below- Provision for dilapidations- A provlsion for property dilapidations was created, to account for potential costs associated to put back a property at the end of its commercial lease into the 37 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Ststements 2022 Notes to the Financial Statements - Continued forthe year ended 31 March 2022 I. ACCOUNTING POLICIE5 l¢ontinuedl same condition it was when the lease commenced. Wandsworth Oasls currently leases nine shops of variable size and terms. Our estimated provision for capitalisation stands at £31,806 as of 31 March 2022. Notes DONATIONS AND LEGACIES 31 March 2022 As Restated 3110312021 Other donations 60,095 29,585 UK Government COVID-19 support Job Retention Scheme Buslness Support Grants Local Restrictions Support Grants 2,760 40,000 141,511 371.430 31,429 102,855 573,955 The Government grants detailed above were distributed by the London Boroughs of Lambeth and Wandsworth, which cover the geographical area where the Charity's shops are located. There were no unfulfilled conditions attached to any of the Government grants at either year- end. OTHER TRADING ACtIVlTIES 31 March 2022 A5 Restated 3110312021 Sales of Donated Good5 Recyclin8 and Delivery Fundraising and Events 1.081,496 50,670 9,402 535,806 32.890 710 1,141,568 569,406 INVESTMENTINCOME 31 March 2022 31 March 2021 Deposit account interest 1020 1.427 1,020 1,427 38 Wandsworth Oasis Trading Company Limited Trustees. Report and Financial Statements 2022 Notes to the Financial Statements - Continued for the year ended 31 March 2022 Note ANALYSIS OF EXPENDITURE Charitable Activitlesand Grants Dirett Costs CharitaNe Activitiesand Grants Support Costs 31 March 2022 31 March 2022 Charitab Actlcyltles ants Awarded Support Awareness 85,580 10.300 5.000 1.590 15.192 1,828 1,416 23.536 2.833 1,498 437 124,308 14.961 7,914 2,309 Preventity) Hardship 102.470 18,718 28,304 149,492 As Restated Charitable Activities and Grants As Reststed Direct Costs delivering Charitable Actlcvlfjes As Restated Charitable Actlvkies and Grants % Restated Supportcosrs 31 March 2021 As Resiaied 3110312021 GrantsAwarded Support Awareness 78,753 10,162 11.331 1.462 7,734 998 97.818 12.622 Preventk)n HaTdship 3.030 436 298 3.764 91.945 13,230 9,030 114,205 Dirert Costs-cost of ralslng fvnds 31 March 2022 As Restated 3110312021 Staff costs (note 71 PropÈrty Costs (￿rhead5 Fundraising Costs Volunteeer Expenses End of Lease Dilapldation5 Amortlsation 436,142 380,787 68,756 2,431 11,680 31.806 3.000 218.278 373.742 363,750 80.244 1,676 6,453 3,000 159,156 Support costs 1.152.880 988.021 39 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Flnancial Statements - Continued for the year ended 31 March 2022 Mote Analy515 of support costs 31 March 2022 s Re5tsted 3110312021 Staff cc5ts (note 71 Property Costs Governante C05ts Professional Fees lknrheads 82.645 48,400 8.284 33.525 21.246 56,730 67,307 5,917 81,913 246,58Z 168,185 Analysi5 of Governantrcosts 31 March 2022 Re5tsted 3110312021 Audit of the Financlal Statements Audit- over accrual Board Meetlngs Staff Costs- SMP boèrd suP￿rt 11.000 700 3,60tl ioc> 331 29,494 1.786 53,821 67.307 33.525 Note TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. There were no trustees, expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. 40 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Flnanclal Statements- Continued for the year ended 31 March 2022 Note STAFF COSTS AND KEY MANAGEMENTPERSONNEL staff costswere as fdlows.. 31 March 2022 31 March 2021 Salaries and wages Employer's Nl Contributions Employerfs contrSbuiion to penslon schemes Termin3tion 8enefits 507.206 40.111 28,925 14.557 416,148 24,528 24,190 590.799 464.866 ANALYSIS OF STAFF COSTS AND KEY MANAGÉMÉNT PERSONNÉL Staff c05tswere allocated a5 follDW5'. 31 Mar¢h 2022 As ReAated 31M¥rch 2021 Dirert siaN c05t5 tocharitable activitie5 18,190 13.230 Dirert staff costs fundratslng Staft¢OSts 8overnance 5taffcosts 5UPPOrt 436,142 373.742 53.821 29.494 81645 48,400 590,798 464.866 The total termination benefits for the year were £14.557 of which £5.785 were non- contractual benefits. No staff received benefits in excess of £60,000 in either years. Key management Personnel are consldered to bethe trustees and senlor management of the charity- The total cost of employment of the Key Management personnel was £194,566 {Restated 2021- £114,1901. The nurnber of staff members considered KMP has increased from I to 3 to reflect staff restructure in the year. Staff numbers- the headcount based on number of staff employed during the year was 23. {2021.' 241 41 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Financial Statements- Continued for the year ended 31 March 2022 No INTANGIBLE FIXEDASSETS Software and Website T￿#1 Cost Atthe stsrtof theyeai 27,590 27,590 Atthe end of the year 27.590 27.590 Depreciatlon At the 5tsrt ofthe year Charge for the year 17A04 5.518 17,804 s￿18 Atthe end of the year 23,322 233ZI Net book value At the end of the year 4.268 Atthe start olthe year 9,786 TANGIBLE FIXED ASSETS Leasehold Imprwernents Office Equipment Cofflputerequipment Yotsl Cost Atthe stsrt of the year Additions In year 71.176 8,411 L410 27h80 100,066 8,411 Atthe end of thÈ year 79,587 1.410 27.480 108,477 Depredatlon Atthe stsrtof the year Charge fort￿ year 20.403 1410 16,373 38,186 9,111 5,496 14,607 Ai the end ofthe year 29.514 1.410 21,869 52,793 Netbook value Atthe end of theyear 55.684 Atthe stsrtofthe year 50.774,, 61,881 42 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Financial Statements- Continued for the year ended 31 March 2022 Notes io DEBTORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 31 March 2022 31 March 2021 Trade Debtors Prepayments Rent Deposlts 41,225 99,641 70,663 29,128 91,541 77,125 211.529 197,793 li cRED￿oR$. AMOUNTS FALLING DUE WITHIN ONE YEAR 31 Marth 2022 31 March 2021 Trade Creditors Taxation and social security Accrued Expenses Grants Payable 26,047 17.237 17,194 9Z,380 21.361 11.361 4.060 152,8S7 36.782 Iz PROVISIONS 31 March 2022 31 Marth 2021 At the start of the year Charge forthe year 31,806 End of Lease Dilapidatb)n 31,806 A provision has been made for end of lease dilapidations costs of the current shop portfolio of Wandsworth Oasis. The costs were estimated on comparative previous refurbishment works in the organisation. 43 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Financial Statements - Continued for the year ended 31 March 2022 Notes 13 A MOVEMENfoF FUNDS CURRENfyEAR At the start ol the year Incoming resources and gains Outgoing resoLtrces e￿1 of the and losse5 Website 4.750 13,0001 L7 Tilal RthctedfuNIs 4750 I3,0￿) 1750 Retsil Strategy fund.. Iso,000 Total designated fund5 150.000 150,Th)0 General fund5 578,727 1,245,442 IL2993721 524,797 T(rtal ur*È5trKledfurKb T24727 1245.442 {L293Jni 614797 T(rtal fwKIs L24S442 1¥302Jni 676,547 The Retail strategy fund represent funds set aside to help over the next three years with new organisational development opportunities and upgrading of existing shop portfolio. 13 8 MOVEmE￿oF FUNDS FIUOR YEAR At the start of the year Incoming resources & gains Outgoing resources & Atthe erKIrfthE 105ses Website 7,750 13,0001 479) 7,750 (3,OLX)I 4750 Designated funds.. 150,000 i¥fJyJ Total designated funds 150.000 150.000 General funds 533,164 1.144.788 11.099,2251 578,727 Trtal uNestsKW fvrxls 681164 L144788 140992251 7217 Tdat fi*MIs 69a914 144788 IL1022251 :._ 733A77 44 Wandsworth Oasis Trading Company Limited Trustees, Report and Financial Statements 2022 Notes to the Financial Statements - Continued for the year ended 31 March 2022 Notes NET A5SEtS Unrestricted General Unrestricted Designated TrAal fu￿15 05 01 31 Marth 2022 Restricted Fixed assets Net current assets 58,201 466.596 1.750 59,951 61&596 150,000 524797 L750 674547 PrAYyear UnTe5tricted General Unrestrict Designated TrtAI fthxlsasol 31 Mayth 2022 Restricted Fixed assets Net current assets 66.917 511,810 4,750 71,667 66L81Q 150,000 578.727 o,(KJo 4750 733,477 FINANCIAL COmm￿EN[S 31 Marth 2022 31 March 2021 Land and Buildirys Due in less than l year Due in between 2 and 5 ye< Due after 5 years 334,176 L176,0ty) 794.625 355,500 1.235,661 864.625 2,3(*801 2A55,792 16 TRANSACTIONS WITH RELATED PARTIES AND OTHER CONNECTED ORGANISATIONS The charity made grants totalling £33,590 in the year12021- £12,594) to The River House Trust Ire8lStered charity (England & Wales) No. 10596961 of which Chris Woolls is Executive Director. other than those detailed in Notes 6 and 7 above. there were no other related party transactions in either year. 45