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← Oasis Community Hub: Mediacityuk

2024-08-31-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 2024

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 2024

Directors

P A Hardcastle C Henderson O McGrattan (resigned 31 August 2024) G Bolton-Hale (appointed 1 May 2024)

Company registered number

07237013

Charity registered number

1136924

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

K Agar

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 2024

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 2024. 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 2024

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 2025.

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 2023/24

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.

Staff capacity at the hub remained the same in 2023/24 with no regular staff members recruited or leaving. Fundraising efforts were successful, again raising over £100,000 to maintain staffing levels and project costs.

We’ve had 504 unique individuals attend our community hub projects a total of 6,433 times in 2023/24, almost a 40% increase in the number of engagements in 2022/23. An additional 2,516 people attended our 41 events. We also provided over 21,000 meals to our community. This is split across all streams of youth work, advice and support, community empowerment and spiritual development.

Youth Work

Our Friday night youth club project ran throughout 2023/24 has been attended by an average of 24 young people, aged 10-16, every week. The project was funded as part of the Salford Violence Reduction Unit (VRU) partnership (until March 2025). 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.

Page 3

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

Our Lead Youth Worker and Church and Community Youth Worker continued to focus on supporting Oasis Academy MediaCityUK students in their school life, improving wellbeing and encouraging 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 Holiday Activities and Food programme (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 14 families attending each week, with 79 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 has been a popular event, with over 70 people signed up to each session, and 52 different families attending over the year.

Advice, Support and Food Provision Projects

We continued our local Business Network meetings for local residents and business owners in partnership with The Growth Company and utilising the expertise of our hub council. Attended by 60 individuals, the bi-monthly meetings allow for networking, business support and employment advice, empowering local people to develop and grow their business and career pathways.

We have supported 46 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. A local company that attended the Business Network meetings made a substantial donation to our Christmas Appeal making this year’s hampers and gifts the biggest and best yet.

Page 4

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

The Oasis MediaCityUK Community Food Store continued to grow in popularity in 2023/24. Our weekly food store for gives local people the dignity of choice to choose their food items for their family. Open for 49 weeks of the year, the food store supported 82 different families over the year, with an average of 19 families attending each week, an increase of 25% from 2022/23. 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 37 unique individuals attend over the year, with an average of 7 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 have a plan to grow develop this project into a Creative English group in 2024/25 to encourage more community members to attend.

We hosted our annual Christmas Fayre in December, with 150 attendees coming together to celebrate with music, refreshments, gift stalls, crafts and family entertainment.

We held our first Community Iftar in March 2024, with 78 community members coming together to break fast as the sun set. It was a highlight of the year for our hub team as we had people of all faiths and none attending, young people, families and individuals coming together to celebrate.

As planned, we introduced a selection of wellbeing activities to our community hub including a weekly Women’s Walking Group, slow-cooker cooking course and intergenerational choir. The purpose of the projects is to improve the wellbeing of our community members, whilst developing community cohesion, pride and empowerment. The most successful of the new wellbeing activities is the weekly Family Zumba with 55 individuals attending over the year and reporting an improvement in their physical health and mental wellbeing.

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. Our minister also completed 10 years of ministry this year, so took a 3 month sabbatical from April 2024, returning to us refreshed and ready to continue building MediaCityUK Church.

All the hub community projects are a practical expression of MediaCityUK Church with our minister taking the lead on most of these projects. She provides chaplaincy support to our hub community, students and staff, exploring the 9 habits and ethos and helping us all to become the best version of ourselves.

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:

Page 5

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

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 53 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 20 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.

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.

Page 6

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

Financial review

These financial reports demonstrate the financial activity in the period September 2023 to August 2024. 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 2024 amounted to £127,009 (2023: £103,687). Expenditure amounted to £117,390 (2023: £100,395). The overall result is a surplus of £9,619 (2023: £3,292) leaving retained funds of £83,645 (2023: £74,026).

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.

Again, the cost-of-living emergency continues to be a huge priority for our hub in 2024/25 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. Our Zumba class offers a free exercise class improving health and wellbeing with no costly monthly membership fees like many fitness institutions. We will look to offer additional poverty support and prevention through digital provision, pre-loved clothes swaps, healthy cooking support and adding an Oasis Academy MediaCityUK uniform swap shop.

The team also plans to continue more community empowerment projects, with wellbeing, employability/business support, ESOL skills and community pride at the heart of this. Celebration events such as Community Iftar and Christmas Fayre will continue bringing cohesion, compassion and joy to our community.

Our youth work is to continue with open-access and targeted youth groups, weekly Friday night club, holiday clubs and 1:1 and group mentoring activities, including completion of the Safer Streets art project and Oasis Aspirations project, helping young people be the best versions of themselves. Oasis Academy MediaCityUK have funded an additional Youth Mentoring Practitioner in our team to support up to 30 of their most vulnerable students with issues such as attendance, behaviour, wellbeing and low self-esteem. 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.

Page 7

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

The hub team is fully funded for 2024/25. The United Reformed Church have agreed to extend the funding for the Church and Community Youth Worker and Special Categories Minister into 2026, enabling long-term planning for the future of MediaCityUK Church and Community Hub. As always, fundraising is a priority for all hub roles beyond 2025, 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.

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 11 April 2025 and signed on their behalf by:

C Henderson Director

Page 8

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 AUGUST 2024

I report on the accounts of the charity for the year ended 31 August 2024

.

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: 11 April 2025

Page 9

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 2024

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 2023
TOTAL FUNDS AT 31 AUGUST 2024		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds

2024
£
2024
£
2024
£
2023
£
2,112
3,319
5,431
7,843
-
113,487
113,487
90,450
4,080
4,011
8,091
5,394
6,192
120,817
127,009
103,687
1,819
115,571
117,390
100,395
1,819
115,571
117,390
100,395
4,373
5,246
9,619
3,292
1,035
72,991
74,026
70,734
5,408
78,237
83,645
74,026

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

Page 10

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee) REGISTERED NUMBER: 7237013

BALANCE SHEET AS AT 31 AUGUST 2024

2024 2024 2023 2023
Note £ £ £ £
CURRENT ASSETS
Cash at bank 46,789 76,581
Debtors 35,797 5,443
Intercompany 5,967 -
88,553 82,024
CREDITORS:amounts falling due within
one year 5 (4,908) (7,998)
NET CURRENT ASSETS 83,645 74,026
NET ASSETS 83,645 74,026
CHARITY FUNDS
Restricted funds 78,237 72,991
Unrestricted funds 5,408 1,035
TOTAL FUNDS 83,645 74,026

For the year ending 31 August 2024 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 11 April 2025 and signed on their behalf, by:

C Henderson Director

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

Page 11

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2024

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 12

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2024

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 13

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2024

2. INCOME

Unrestricted
funds
Restricted
funds
Total
funds
2024
£
2024
£
2024
£
Gifts & Donations
2,112
3,319
5,431
Grant
-
113,487
113,487
Other Income
4,080
4,011
8,091
Voluntary Income
6,192
120,817
127,009
3.
CHARITABLE ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
2024
£
2024
£
2024
£
Staffing costs
-
54,489
54,489
Consultancy costs
-
3,291
3,291
Training
3
1,548
1,551
Equipment
305
1,166
1,471
Food
181
9,353
9,534
Office costs
216
8
224
Consumables
26
461
487
Management fees
-
32,628
32,628
Subscriptions
69
181
250
Independent exam fees
410
-
410
Bank fees
93
-
93
Other expenditure
516
12,432
12,948
Coordinators
-
-
-
Website
-
14
14
Total costs
1,819
115,571
117,390
4.
NET INCOMING RESOURCES / (RESOURCES EXPENDED)
This is stated after charging:
2024
£
Auditor's remuneration
410
During the year, no Directors received any remuneration (2023 - £NIL).
During the year, no Directors received any benefits in kind (2023 - £NIL).
During the year, no Directors received any reimbursement of expenses (2023 - £NIL).		 Unrestricted
funds
2024
£
2,112
-
4,080		 Restricted
funds
2024
£
3,319
113,487
4,011
120,817
Restricted
funds
2024
£
54,489
3,291
1,548
1,166
9,353
8
461
32,628
181
-
-
12,432
-
14		 Total
funds
2024
£
5,431
113,487
8,091		 Total
funds
2023
£
7,843
90,450
5,394
6,192 127,009 103,687
Unrestricted
funds
2024
£
-
-
3
305
181
216
26
-
69
410
93
516
-
-		 Total
funds
2023
£
57,177
1,160
607
2,006
6,208
191
1,035
19,997
2,096
335
97
9,452
-
34
1,819 100,395
2023
£
335

Page 14

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2024

5. CREDITORS: Amounts falling due within one year

CREDITORS:
Amounts falling due within one year
Creditors
Intercompany		 2024
£
4,908
-
4,908		 2023
£
1,688
6,311
7,999

6. STATEMENT OF FUNDS

Unrestricted funds
Restricted funds:
Youth
Church General
Empowerment
Holiday Provision
Family Support		 Brought
Forward
Transfer
between
funds
Income
2024
Expenditure
2024
Carried
Forward
£
£
£
£
£
1,035
-
6,192
(1,819)
5,408
18,690
-
27,635
29,098)
17,227
18,500
-
49,283
(39,170)
28,613
21,585
-
27,793
(30,379)
18,999
-
-
-
-
-
14,216
-
16,106
(16,924)
13,398
74,026
-
127,009
117,390
83,645

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 15

OASIS COMMUNITY HUB: MEDIACITYUK

(A company limited by guarantee)

Notes to the accounts FOR THE YEAR ENDED 31 AUGUST 2024

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 16