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2023-08-31-accounts

Registered number: 07237013 Charity number: 1136924

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS' REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1
Directors' report 2 – 8
Examiner’s report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 16

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2023

Directors

B Simmonds (resigned 20 September 2022) E Lamont (resigned 20 September 2022) N Goddard (resigned 20 September 2022) P A Hardcastle C Henderson O McGrattan

Company registered number

07237013

Charity registered number

1136924

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

K Simmonds

Independent examiner

Mr Matt Ryan, FCCA

Numbers Ltd

Page 1

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

The Directors (who are also Trustees of the charity for the purposes of the Charities Act) present their annual report together with the unaudited financial statements of Oasis Community Hub: MediaCityUK (the company) for the year ended 31 August 2023. The Directors confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Charities SORP 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Structure, governance and management

a. CONSTITUTION

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 27 April 2010 and is registered charity number 1136924.

The principal objects of the Company are the advancement for the public benefit of education and health, the preservation and protection of public health generally, the relief of persons who are in need, hardship or distress and the prevention and relief of poverty.

b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS

The management of the company is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association. The appointment of new directors is at the discretion of the existing directors (and/or the Guarantor).

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF DIRECTORS

Policies for the induction and training of new directors follow those of the ultimate parent, Oasis International Association.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Oasis Community Hub: MediaCityUK (the Company) is a company limited by guarantee, whose registered number is 07237013. It is also a registered charity, number 1136924. The Company is governed by a Memorandum and Articles of Association of 27th April 2010. The Company is controlled by the Directors who are also the Trustees. The company was founded by Oasis Charitable Trust, however Oasis Community Partnerships is the immediate parent and sole member. The Company does not have a share capital. Directors are appointed by a majority of Directors or the Guarantor. The Directors have delegated the day to day activity of the Company to the Hub Leader, but retain responsibility for major strategic and governance decision.

The Company was established in furtherance of Oasis Charitable Trust and Oasis Community Partnership’s intention to deliver individual and community transformation through local community hubs. As each Hub will need to respond to the issues and needs arising in its own locality and in order to engage local involvement each hub will operate as an independent legal entity but expressing the consistent ethos of Oasis.

Page 2

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

e. RISK MANAGEMENT

The Directors have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

The risks and impact of the cost of living crisis have been assessed by the Directors and they are satisfied that risks have been mitigated wherever possible.. We have confirmed grant commitments from our major funders covering the period up to and beyond August 2022.

The Directors consider that Oasis Community Hub: MediaCityUK has adequate resources to continue in operational existence for the foreseeable future and, for this reason, the Directors continue to adopt the going concern basis in preparing the accounts.

Objectives and Activities

The objective of the company is to operate as a catalyst for community transformation by facilitating improvements in the lives of individuals and growth in community activity and cohesion. This will be achieved by identify and understanding the needs and issues within the community and by applying the Oasis Ethos to everything. The Oasis Ethos is:

Oasis Hubs will typically include activities in education, youth and children’s work, community empowerment, housing, advice and support, personal and spiritual development and health and wellbeing.

Achievements and Performance 2022/23

The vision for Oasis Community Hub: MediaCityUK is to endeavour to bring about community transformation; helping to create a local community where people of all ages and situations feel included, know they can contribute and realise a deep sense of belonging. We aim to achieve this through the delivery of a range of services and opportunities that respond to local need through Oasis Community Hub: MediaCityUK Church and Oasis Academy MediaCityUK. Our MediaCityUK hub is particularly focussed in the Ordsall and Langworthy areas of Salford.

Capacity at the hub increased with the appointment of a new Community and Family Worker in November 2022.

Increased capacity in the team enabled an increased focus on fundraising, explaining the increase in funds raised in 2022/23 to over £100,000 again. Fundraising to this level is required to keep staffing levels as they currently are.

We’ve had 430 unique individuals attend our community hub projects a total of 4,624 times in 2022/23, almost double the number of engagements in 2021/22. An additional 2,621 people attended our 75 events, with over 1,500 meals provided to the community. This is split across all streams of youth work, advice and support, community empowerment and spiritual development.

Page 3

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

Youth Work

Our Friday night youth club project ran throughout 2022/23 has been attended by an average of 20 young people, aged 10-16, every week. The project was funded as part of the Salford Violence Reduction Unit (VRU) partnership (until October 23). The programme includes outreach community projects giving disadvantaged young people opportunities to engage in activities such as sports, creative arts, music projects and cooking skills.

Our Lead Youth Worker and Church and Community Youth Worker continued to focus on supporting Oasis Academy MediaCityUK students transition and integrate back to school life, improve wellbeing and encourage engagement with their peers. Here are some of the activities we did:

During each school holiday, our hub delivered a substantial holiday programme in partnership with Salford Community Leisure and funded by Healthy Activities Fund (HAF). The Healthy Holidays programme enabled local children and young people to engage in a variety of sports, arts and craft activities. The hub team provided everyone attending with a hot, healthy, and nutritious meal every day during the annual school holidays – 32 days over 8 weeks. The holiday programme aims to bridge the social inclusion gap and reduce crime prevalent in the area by signposting young people to positive and engaging activities, whilst combatting holiday hunger through the food provision.

PlaySpace and family activities

PlaySpace is weekly, term-time stay and play session on Thursday mornings in the community hub for babies to pre-school aged children. We have an average of 16 families attending each week, with 98 different families attending throughout the year, all from the local community and from a diverse range of backgrounds and ethnicity. PlaySpace has been essential to our families in reducing isolation, improving their mental wellbeing and providing parental support.

We ran Oasis-a-go-go, our free family activity session during the school holidays. Oasis-a-go-go happened every Thursday during school holidays and was aimed at families (children must be accompanied), offering free, fun activities like arts, crafts and games. All children attending received a picnic lunch. This was a huge success with an average of 23 families (57 people) at each session.

Page 4

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

Advice, Support and Food Provision Projects

Through links with our hub council, we launched a monthly series of local Business Network meetings for local residents and business owners in partnership with The Growth Company. Attended by 96 individuals, the bimonthly meetings allow for networking, business support and employment advice, empowering local people to develop and grow their business and career pathways.

We have supported 34 individuals providing emergency hardship support, family support and food provision. This includes delivering essential food parcels at Christmas to local families, plus additional festive food treats and family gifts. Supported by the Business Network meeting attendees, our Christmas Appeal was the most successful yet, with an influx of gift and food donations.

The Oasis MediaCityUK Community Food Store, a weekly food store giving people (who live and work locally to us) access to affordable food, went from strength to strength in 2022/23. For just £3.50 a week they can leave with £12-15 worth of food, whilst having the dignity of choice to choose their food items for their family. Open for 49 weeks of the year, the food store supported 67 different families over the year, with an average of 16 families attending each week. The food store is also a sustainability project, reducing food waste by receiving food items from Fareshare that would otherwise have gone to waste.

Community Empowerment

Talk English Café focusses on supporting people of different ethnicities to develop English Language skills within a safe, informal setting. They can practise English together through conversation and games and can build community. We’ve had 39 unique individuals attend over the year, with an average of 6 attending each week. With a small group, developing positive relationships is at the heart of the project and individuals can come into an intentional space to build positive relationships with staff, volunteers and other members of the community. All of this creates a sense of belonging and empowerment so individuals can bring about their own transformation and change their life circumstances.

We organised various events throughout the year aimed at developing community cohesion, pride, sustainability, and empowerment. This included activities such as litter picks, community coffee morning, clothes swaps, and tabletop sales.

We hosted our first Christmas Fayre in December, with 250 attendees coming together to celebrate with music, refreshments, gift stalls, crafts and family entertainment. It was a highlight of the year for our hub team as we had people from all our projects attending plus new faces too. We also celebrated the King’s Coronation, with 40 people from our community coming together to celebrate with music, afternoon tea and Coronation themed games and crafts.

MediaCityUK Church

The hub team continue to work in partnership with the United Reformed Church to resource the Church and Community Projects in the hub with Rev. Ruth Watson an integral part of the hub team. Ruth has led Christmas, Easter, Eid, Holi and Diwali celebrations within the academy and wider community, including making and delivering cards and festive gifts and treats. Together with the Church and Community Youth Worker, Ruth successfully re-launched MediaCityUK Church on Sunday mornings on Pentecost, with regular Sunday worship each week.

All the hub community projects are a practical expression of MediaCityUK Church with our minister taking the lead on most of these projects. She also hosts monthly Helpful Habits sessions for all local Oasis staff and residents exploring the 9 habits and ethos and helping us all to become the best version of ourselves.

Page 5

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

Relationship of Oasis Community Hub: MediaCityUK to other Oasis companies

The Hub has three relationships with the wider Oasis group:

  1. With the national group of Oasis organisations

  2. With the Oasis Community Partnerships group

  3. With Oasis Academy MediaCityUK

These are described below as follows:

1. The national Oasis Group

The Oasis family of charities in the UK has been structured to enable the entire group to benefit from working together towards national objectives while at the same time being able to deliver maximum impact in local communities. The challenge of running a national charity is in ensuring the correct needs are being addressed in local communities, while the advantage is working collaboratively at a national level to minimise cost locally and benefitting from the value of interdependent working. This ‘hybrid structure’ has been developed to ensure that local ownership and oversight is achieved whilst leveraging economies of scale.

At a national level, Oasis Charitable Trust is responsible for all Oasis’ activities in the UK and is the parent company for three national subsidiaries. These are:

  1. Oasis Community Learning – a multi-academy chain running 54 academies across England

  2. Oasis Community Partnerships – a charity delivering community development work

  3. Oasis Community Housing – a housing charity supporting vulnerable adults and young people

2. The Oasis Community Partnerships Group

Within this group structure, Oasis Community Partnerships is responsible for all of Oasis’ community development work in the UK. It is the national holding company for 19 local Oasis Community Hubs and one Trading Company, delivering integrated community development work in a number of targeted neighbourhoods across the country.

Oasis Community Hub: MediaCityUK is a local subsidiary of Oasis Community Partnerships, which, in the same way as the group structure, is also a hybrid model. This enables sharing of resources, best practice and central support functions while Oasis Community Hub: MediaCityUK operates locally in order to respond appropriately to the needs of the local area. As a result, Oasis Community Hub: MediaCityUK benefits from higher quality and cheaper infrastructure than it would be able to access as entirely standalone organisation.

3. Oasis Community Hub: MediaCityUK and its partnership with Oasis Academy MediaCityUK

Oasis Community Hub: MediaCityUK is governed by a local board of trustees, who are accountable for the financial management of the hub, overseeing the development of projects to meet local needs and ensuring that those projects benefit from any funds raised. As explained above, Oasis Community Hub: MediaCityUK is a subsidiary of Oasis Community Partnerships, which, in turn, is a subsidiary of Oasis Charitable Trust.

Oasis Community: MediaCityUK integrates community development in the local area and in particular the communities surrounding Oasis Academy MediaCityUK (secondary school) in Ordsall, Salford. One objective of Oasis Community Hub: MediaCityUK is to provide wrap around care for students and their parents/carers at the Academy. Therefore, Oasis Community Hub: MediaCityUK works in close partnership with the Academy in order to provide integrated and holistic community transformation.

Page 6

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

Because the Academy is able articulate strong educational outcomes from the role of Hub Leader, a portion of their salary is funded from the Academy budget. The Academy is accountable to the Department for Education and Education Funding Agency, who rigorously regulate the spend of statutory funds and are therefore only able to fund community roles which have clear and identifiable educational outcomes for students. However, Oasis Community Hub: MediaCityUK has a broader purpose in providing community interventions for the entire area and therefore there are a range of additional community roles and programmes which must to be funded in other ways. Therefore, Oasis Community Hub: MediaCityUk has been specifically established to govern our charitable community activities in the area.

Financial review

These financial reports demonstrate the financial activity in the period September 2022 to August 2023. In the coming year there is a desire to further generate sufficient funds to grow and build on activities. The total incoming resources during the year ended 31st August 2023 amounted to £103,687 (2022: £56,204). Expenditure amounted to £100,395 (2022: £86,709). The overall result is a surplus of £3,292 (2022: deficit of £30,505) leaving retained funds of £74,026 (2022: £70,734).

It is the intention of the Directors that in due course Oasis Community Hub: MediaCityUK will establish and retain sufficient funds to cover the running costs for three months.

Going Concern

The Directors have considered the risks to the Hub, including the cost of living crisis. The Directors have confirmed that the major sources of grant funding are committed and the delivery of the activities can be adjusted to ensure that guidelines around social distancing can still be applied. Furthermore, the Directors are confident that costs will only be incurred to the extent that funding is secured. The Directors are confident that the Hub has adequate resources to continue operating for the foreseeable future and, for this reason, the Trustees continue to adopt the going concern basis in preparing the accounts.

Plans for the future

To achieve our Oasis Community Hub: MediaCityUK vision and aims, we are committed to inclusion, equality, healthy relationships, hope and perseverance and this permeates all aspects of the life and culture of our hub.

The hub’s objective for this coming year is to continue all youth, community and Church projects and to expand the current offer to ensure projects maintain their high quality and relevance within the context of the community. We aim to deepen the relationships we have with our hub users and weave connections through a variety of projects and opportunities.

The cost-of-living emergency continues to be a huge priority for our hub in 2023/24 by keeping our doors open as an Oasis Living Room throughout the week. Offering a safe, warm space that feels like a home from home – hub users can come in, make a drink, use the kitchen, use our computers, read a book or play a game – all things that make our hub truly theirs. The community food store will address food poverty issues and provide a sustainable food provision project based on a membership system. The community food store empowers and dignifies the community in providing choice, whilst also reducing food waste from local supermarkets. We will look to offer additional poverty support and prevention through digital provision, pre-loved clothes and goods swaps and cooking/nutrition help, and signposting people to other organisations for additional support.

Page 7

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

The team also plan to offer more community empowerment projects, with wellbeing, employability and business support, ESOL skills and community pride at the heart of this. Building on last year’s engagement projects through initiatives such as clothes swaps, litter picks and community café, we also plan on introducing wellbeing activities such as Zumba, walking group and a community choir.

Our youth work is to continue with a weekly Friday night club, holiday clubs and 1:1 and group mentoring activities, including the Grey to Gold wellbeing project. Starting in October 2023, we will support 20 year 10 students through the NCS-funded Oasis Aspirations project, helping young people be the best versions of themselves. Our projects will continue to be youth-led, whilst increasing how loudly we hear that youth voice, through work with Oasis Academy student leaders, youth hub councillors and youth club forum events.

The hub team is fully funded for 2023/24, but discussions are underway with United Reformed Church to extend the placement of the Special Categories Minister and the funding for the Church and Community Youth Worker into 2026, to enable long-term planning for the future of MediaCityUK Church and Community Hub. As always, fundraising is a priority for all hub roles beyond 2024, again to provide longevity and sustainability for all hub projects.

Together as a team, with our community work, links with Oasis Academy MediaCityUK and leading MediaCityUK Church, we will champion character transformation and personal and spiritual wellbeing throughout the Hub, focussing on developing people socially, spiritually and morally through Oasis’ ‘9 Habits’ and Oasis Ethos.

DIRECTORS' RESPONSIBILITIES STATEMENT

The Directors (who are also Trustees of Oasis Community Hub: MediaCityUK for the purposes of charity law) are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs 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 these financial statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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.

Page 8

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

For the financial year in question the company was entitled to exemption under section 479a of the Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the Directors on 09/01/2024 and signed on their behalf by:

C Henderson Director

Page 9

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 AUGUST 2023

I report on the accounts of the charity for the year ended 31 August 2023

.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Mr Matt Ryan, FCCA

32 High Street, Wendover, Bucks, HP22 6EA

Date: 08/04/2024

Page 10

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2023

Note
INCOME
Gifts and Donations
Grants
Other Income
TOTAL INCOMING RESOURCES
2
EXPENDITURE
Charitable activities
3
TOTAL
MOVEMENT IN TOTAL FUNDS FOR THE
YEAR - NET INCOME/(EXPENDITURE)
FOR THE YEAR
Total funds at 1 September 2022
TOTAL FUNDS AT 31 AUGUST 2023		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds

2023
£
2023
£
2023
£
2022
£
2,092
5,751
7,843
8,931
500
89,950
90,450
46,903
812
4,582
5,394
370
3,404
100,283
103,687
56,204
7,242
93,153
100,395
86,709
7,242
93,153
100,395
86,709
(3,838)
7,130
3,292
(30,505)
4,873
65,861
70,734
101,239
1,035
72,991
74,026
70,734

The notes on pages 12 to 16 form part of these financial statements.

Page 11

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee) REGISTERED NUMBER: 7237013

BALANCE SHEET AS AT 31 AUGUST 2023

2023 2023 2022 2022
Note £ £ £ £
CURRENT ASSETS
Cash at bank 76,581 68,484
Debtors 5,443 3,394
82,024 71,878
CREDITORS:amounts falling due within
one year 5 (7,998) (1,144)
NET CURRENT ASSETS 74,026 70,734
NET ASSETS 74,026 70,734
CHARITY FUNDS
Restricted funds 72,991 65,861
Unrestricted funds 1,035 4,873
TOTAL FUNDS 74,026 70,734

For the year ending 31 August 2023 the company was entitled to exemption under section 479a of the Companies Act 2006 relating to subsidiary companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Directors on 09/01/2024 and signed on their behalf, by:

C Henderson Director

The notes on pages 12 to 16 form part of these financial statements.

Page 12

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005, applicable accounting standards and the Companies Act 2006.

1.2 Company status

The company is a company limited by guarantee, incorporated and domiciled in the UK and is a public benefit entity. Oasis Community Partnerships is the sole member of the company. The address of the registered office is 1 Kennington Road, London, SE1 7QP. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.

1.4 Income

All incoming resources are included in the Statement of financial activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy and the likelihood of receipt of the income is probable.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

• Expenditure on charitable activities includes the costs of educational activities undertaken to further the purposes of the charity and their associated support costs.

• Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the College’s educational operations and activities.

Page 13

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2023

1.6 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

1.7 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.9 Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets held at amortised cost comprise cash and bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors.

1.10 Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

1.11 Reconciliation with previously accepted Generally Accepted Accounting Practice

In preparing the accounts, the directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. In their estimation, the impact of transitioning is not material to the financial statements and therefore the restatement of comparative items is not required. The transition date was 1 September 2014.

Page 14

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2023

2. INCOME

Unrestricted
funds
Restricted
funds
Total
funds
2023
£
2023
£
2023
£
Gifts & Donations
2,092
5,751
7,843
Grant
500
89,950
90,450
Other Income
812
4,582
5,394
Voluntary Income
3,404
100,283
103,687
3.
CHARITABLE ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
2023
£
2023
£
2023
£
Staffing costs
-
57,177
57,177
Consultancy costs
-
1,160
1,160
Training
537
70
607
Equipment
19
1,987
2,006
Food
1,065
5,143
6,208
Office costs
191
-
191
Consumables
175
860
1,035
Management fees
1,000
18,997
19,997
Subscriptions
1,070
1,026
2,096
Independent exam fees
335
-
335
Bank fees
97
-
97
Other expenditure
2,719
6,733
9,452
Coordinators
-
-
-
Website
34
-
34
Total costs
7,242
93,153
100,395
4.
NET INCOMING RESOURCES / (RESOURCES EXPENDED)
This is stated after charging:
2023
£
Auditor's remuneration
335
During the year, no Directors received any remuneration (2022 - £NIL).
During the year, no Directors received any benefits in kind (2022 - £NIL).
During the year, no Directors received any reimbursement of expenses (2022 - £NIL).		 Unrestricted
funds
2023
£
2,092
500
812		 Restricted
funds
2023
£
5,751
89,950
4,582
100,283
Restricted
funds
2023
£
57,177
1,160
70
1,987
5,143
-
860
18,997
1,026
-
-
6,733
-
-		 Total
funds
2023
£
7,843
90,450
5,394		 Total
funds
2022
£
8,931
46,903
370
3,404 103,687 56,204
Unrestricted
funds
2023
£
-
-
537
19
1,065
191
175
1,000
1,070
335
97
2,719
-
34		 Total
funds
2022
£
50,476
-
252
4,266
2,210
230
601
14,312
2,544
275
44
8,139
1,800
1,560
7,242 86,709
2022
£
275

Page 15

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2023

5. CREDITORS: Amounts falling due within one year

CREDITORS:
Amounts falling due within one year
Creditors
Intercompany		 2023
£
1,688
6,311
7,999		 2022
£
790
354
1,144

6. STATEMENT OF FUNDS

Unrestricted funds
Restricted funds:
Youth
Church General
Empowerment
Holiday Provision
Family Support		 Brought
Forward
Transfer
between
funds
Income
2023
Expenditure
2023
Carried
Forward
£
£
£
£
£
4,873
-
3,404
7,242
1,035
22,308
-
34,068
37,686
18,690
16,537
-
26,615
24,652
18,500
10,609
-
23,506
12,530
21,585
-
-
-
-
-
16,407
-
16,094
18,285
14,216
70,734
-
103,687
100,395
74,026

7. ULTIMATE PARENT UNDERTAKING

The company is a wholly owned subsidiary of Oasis Community Partnerships, a company incorporated in England (registered number 08749179) and a registered charity (number 1163889). Oasis Community Partnership prepares consolidated financial statements, and this is the smallest group for which accounts are prepared that incorporate Oasis Community Hub: MediaCityUK. Copies of these financial statement can be obtained from its registered office at 1 Kennington Road, London, SE1 7QP.

OCP’s principle objectives are to:

Oasis Charitable Trust (OCT) is the Ultimate Parent and is a company incorporated in England (registered number 02818823) and a registered charity (registered charity number 1026487). Oasis Charitable Trust prepares consolidated financial statements which include the results of Oasis Community Hub: Ashburton Park, and this is the largest group for which accounts are prepared that include this company. Copies of the Oasis Charitable Trust group financial statements are available from its registered office at 1 Kennington Road, London, SE1 7QP.

Page 16

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2023

OCT’s principle objectives are to:

8. RELATED PARTY TRANSACTIONS

During the year the company made the following transactions with other group companies:

There were no other related party transactions.

Page 17