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2020-08-31-accounts

Registered number: 07237012 Charity number: 1136930

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Directors and advisers 1
Directors' report 2 – 8
Independent examiners’ report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 18

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2020

Directors

JK Fuller BH Silvey (resigned 13/11/2019) K Williams B Simmonds (appointed 13/11/2019)

Company registration number

07237012

Charity registration number

1136930

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

DJ Parr

Independent examiner

Mr Matt Ryan, FCCA

Numbers Ltd

Page 1

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2020

The Directors (who are also Trustees of the charity for the purposes of the Charities Act) present their annual report together with the audited financial statements of Oasis Community Hub: North Bristol (the company) for the year ended 31 August 2020. 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 27th April 2010 and is a registered charity number 1136930.

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.

The Directors confirm that they have paid due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when setting the charity’s objectives and planning its activities.

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, Oasis Community Partnerships).

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: North Bristol (the Company) is a company limited by guarantee, whose registered number is 07237012. It is also a registered charity, number 1136930. 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 International Association, Oasis Charitable Trust and Oasis Community Partnerships 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.

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 exposure to the major risks.

Page 2

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2020

The risks and impact of Covid-19 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 2021.

The Directors consider that Oasis Community Hub: North Bristol 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 strengths 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.

Relationship of Oasis Community Hub: North Bristol 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 the North Bristol Academies

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 52 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

Page 3

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2020

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: North Bristol 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: North Bristol operates locally in order to respond appropriately to the needs of the local area. As a result, Oasis Community Hub: North Bristol benefits from higher quality and cheaper infrastructure than it would be able to access as entirely standalone organisation.

3. Oasis Community Hub: North Bristol and its partnership with Oasis Academies

Oasis Community Hub: North Bristol 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: North Bristol is a subsidiary of Oasis Community Partnerships, which, in turn, is a subsidiary of Oasis Charitable Trust.

Oasis Community Hub: North Bristol delivers integrated community development across North Bristol and in particular the communities surrounding Oasis Academies Long Cross (primary school), Bank Leaze (primary schools) and Brightstowe (secondary school). One objective of Oasis Community Hub: North Bristol is to provide wrap around care for students and their parents/carers at the Academy. Therefore, Oasis Community Hub: North Bristol works in close partnership with Oasis Academy Long Cross, Oasis Academy Bank Leaze and Oasis Academy Brightstowe in order to provide integrated and holistic community transformation.

Because the three Oasis Academies are able articulate strong educational outcomes from the role of Hub Leader, a portion of their salary is funded from the Academy budgets. The Academies are 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: North Bristol 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: North Bristol has been specifically established to govern our charitable community activities in the area.

Achievements and Performance 2019/20

Oasis Community Hub: North Bristol is particularly focused in the Lawrence Weston, Shirehampton, Sea Mills and Avonmouth areas in the northern edges of Bristol. Although since the outbreak of the epidemic, we have extended some of our detached provision into the Southmead area.

The work of the hub incorporates the three Oasis Academies in the area, as well as the variety of projects and services run through the OHNB charity. The vision for OHNB charity is to develop grassroots initiatives that empower residents through providing opportunities to develop new skills, leadership potential and positive life experiences.

As with every other charity, Oasis Community Hub North Bristol has been heavily impacted by the Covid-19 pandemic, especially since March 2020 when the national lockdown was imposed. This has had a substantial impact on our work; the majority of our face-face work was paused so that we could quickly adjust how we work. Our priority was making sure that our support services were able to continue, with the majority of our activity moving to online delivery.

Page 4

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2020

For young people we provided a variety of online youth activities, intensive youth support and mentoring to support the most vulnerable young people in our community. For families we were also able to provide 1:1 support through online sessions, phone calls and doorstep visits.

We prioritised emergency support through issuing food vouchers, delivering food hampers and providing gas and electric fuel top ups. We also provided families with internet access in their homes. Whilst this time has been significantly challenging; it has presented us with opportunities to serve our community in a unique way, and our increased online presence has helped raise our profile. This was particularly evident in the support we could provide our local partners, many of whom had to pause activity entirely. This was also evidenced in the dramatic 300% increase in referrals for family support.

Highlights

Youth Programmes:

Over this year, we have continued to develop our youth support programmes and have worked with over 500 young people. In particular, our targeted and 1:1 support programmes have seen substantial development. Our reflection of changes in need in the area over the last 12 months has led us to develop a new model of delivery that will launch fully on the 1[st] September 2020. This new model of delivery will see the closure of our Juicy Blitz Youth Involvement Project Premises and us relocating our youth programmes to more appropriate venues to provide greater impact for young people.

Our new model is based around 3 core areas:

The purpose of detached is to go out into the community and engage with young people where they are, providing key information to keep them safe, facilitate positive activities to engage in and to identify any young people at risk to refer to our crisis support programmes.

Covid-19 saw a move to online delivery for the majority of our youth programmes. We ensured regular support for our most vulnerable young people through 1:1 mentoring and doorstep visits. Our online delivery programme provided a great opportunity for us to engage with a new group of young people that had previously not accessed our provision.

Community Shop:

Oasis Community Shop is located in the heart of the community and is one half a workshop area where we run arts, craft and textile courses for the local community and the other half being a shop area where we sell the items we make alongside donated children’s clothes and toys.

This year, we have been working hard to develop 2 aspects of the shop: income and community opportunities. Prior to lockdown our income had increased by 25%. We were also working hard to develop our volunteering programmes to maximise the support provided.

Page 5

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2020

Covid-19 saw the closure of the shop for 4 months which made a huge impact on our income generation. If it weren’t for the continuation of funding from Bristol City Council, it is likely we would have had to close. Postlockdown, we have seen a return of all of our wonderful volunteers and a return to thriving sales. This has enabled us to look positively towards 2020/21.

Support and Advice:

Alongside the programmes we offer young people we seek to support our local families and communities to be empowered, to have the support they need, feel safe and live with hope and aspiration. Our staff team are available to provide advice and support to local residents through 1:1 sessions and referrals to relevant local support services. Areas we can help include: finance, budgeting, housing and benefits, emotional support, parenting, child behaviour issues, support with children’s educational issues, developing connections and friendships in the community.

During Covid-19 lockdown, we saw a 300% increase in referrals to our family support team. Most of the need centered around finance; access to food and gas and electric and mental health support.

This year we provided: 1:1 Family Support: 80 families Group Therapy Dog Sessions: 28 students Food Vouchers: 45 Food Hampers: 270 Cooked Meals: 660 Gas/electric top ups: 45 Internet packages: 15

Holiday Programmes:

Throughout each school holiday we run a rich and varied holiday programme for children in the local area. This is made up of open access session and targeted programmes.

Targeted programmes: these programmes are targeted at our most vulnerable children and are accessible by invitation only. During the summer we ran 3 full weeks of sessions and then 1 week during each of the other holidays.

Open access sessions: these are workshops and activities available to all local children and some sessions are designed for the whole family. We run at least 2 sessions a week during each holiday. During the summer holidays, we were one of only 2 organisations providing summer activities in the area. We provided 5 days a week of activities with over 300 children and young people taking part. Activities included kayaking sessions, sports sessions, peer led activities, lunch provision and arts and craft activities.

Enablers:

We have been successful in securing income for our Covid response from various grant funders and individual donations. We have also secured funding for our Youth, summer and family resilience programs and funding to develop a new role developing our family resilience programme.

We have worked hard on all areas of charity governance including our data capture and use of the outcomes star and this is reflected in the Oasis Community Partnerships impact report. We have established a new Hub council to ensure our leadership and strategic direction is shaped by our local community.

Oasis Hub North Bristol partners with a wide range of community organisations including Ambition Lawrence Weston, Shirehampton Community Action Forum, Creative Youth Network, Young Bristol, Learning Partnership West, Bristol City Council, Lawrence Weston Community Farm, Highgrove Church, North Bristol Food Bank.

Page 6

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2020

Plans for the future

In the upcoming year we plan to continue supporting our local communities based on our ethos of inclusion. We will be developing 2 new hub spaces:

Hub House: This will be a partnership with Oasis Academy Long Cross and will form the new base for our hub team. Within this site, we will be developing a student and family cookery zone, a food club pantry and 1:1/small group space.

Hub Zone: This will be a new hub space developed at Oasis Academy Bank Leaze. From here we will improve our presence within the academy and provide a space to run activities with students and parents.

We will seek to grow and develop our community movement and will give a particular focus to developing opportunities for students and residents to become a “Change Maker” within their community through social action projects.

For our youth work, we aim to embed our new delivery model to ensure a consistent and sustainable approach to our work with young people. We also plan to develop our youth work in the Shirehampton area.

For our family work, we aim to develop our family resilience programme, providing targeted support when and where it is needed the most.

We will continue to offer support to those in our local communities including emergency food provision and in other ways as appropriate in response to the current Covid-19 situation.

Financial review

The total income during the year ended 31st August 2020 amounted to £150,883 (2019: £135,737) and expenditure was £131,956 (2019: £153,450). Overall the hub reported a surplus of £18,927 (2019: deficit of £17,713). As at 31 August 2020 net assets were £92,920 (2019: £73,993).

Reserves

The Directors continue to review the Hub’s need for reserves in line with the guidance issued by the Charity Commission and have adopted a policy to set aside funds of approximately three months running costs which we estimate to be £33,000 for 2019/20. Many staff are working on restricted projects and therefore the three months running costs are held within both unrestricted and restricted funds. We have sufficient reserves to guard against unexpected downturns in financial performance. The total level of funds as at 31 August 2020 is £92,920 (2019: £73,993), with unrestricted funds of £10,258 (2019: £8,864) and restricted funds of £82,662 (2019: £65,129). The reserves policy has therefore been met.

Going concern

The Directors have considered the risks to the Hub, including the impact of Covid-19, and these include a reduction in lettings income and the ability for the Hub to carry out its activities in an environment where social distancing rules are expected to be in force for some time. 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.

Page 7

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2020

DIRECTORS' RESPONSIBILITIES STATEMENT

The Directors (who are also Trustees of Oasis Community Hub: North Bristol 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 in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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.

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 21 January 2021 and signed on their behalf by:

JOHN FULLER Director

Page 8

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

INDEPENDENT EAXMINER’S REPORT FOR THE YEAR ENDED 31 AUGUST 2020

I report on the accounts of the charity for the year ended 31 August 2020.

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: 21 January 2021

Page 9

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2020

Note
INCOME FROM:
Donations and legacies
2
Activities for generating funds
Charitable activities
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
3
TOTAL EXPENDITURE
NET EXPENDITURE FOR THE YEAR, BEING
NET MOVEMENT IN FUNDS
Transfers between funds
9
Total funds at 1 September 2019
TOTAL FUNDS AT 31 AUGUST 2020		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds

2020
£
2020
£
2020
£
2019
£
13,211
127,162
140,373
123,155
89
6,621
6,710
9,344
3,800
-
3,800
3,238

17,100
133,783
150,883
135,737

16,321
115,635
131,956
153,450
16,321
115,635
131,956
153,450
779
18,148
18,927
(17,713)
615
(615)
-
-
8,864
65,129
73,993
91,706
10,258
82,662
92,920
73,993

The notes on pages 12 to 18 form part of these financial statements.

Page 10

OASIS COMMUNITY HUB: NORTH BRISTOL

(A company limited by guarantee) REGISTERED NUMBER: 07237012

BALANCE SHEET AS AT 31 AUGUST 2020

Note
CURRENT ASSETS
Debtors
7
Cash at bank
CREDITORS:amounts falling due within
one year
8
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
9
Unrestricted funds
9
TOTAL FUNDS

£
-
96,331		 2020

£



92,290

£
2,781
74,389		 2019

£



73,993
96,331
(3,411)		 77,170
(3,177)




92,290 73,993
82,662
10,258		 65,129
8,864
92,920 73,993

For the year ending 31/08/2020 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 were approved by the Directors on 21 January 2021 and signed on their behalf, by: :

JOHN FULLER Director

The notes on pages 12 to 18 form part of these financial statements.

Page 11

OASIS COMMUNITY HUB: NORTH BRISTOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Company status

The company is a company limited by guarantee incorporated and domiciled in the UK and is a public benefit entity. The sole member of the company is Oasis Community Partnerships. 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 £10.

1.3 Going concern

The Directors have considered the risks to the Hub, including the impact of Covid-19, and these include the ability for the Hub to carry out its activities in an environment where social distancing rules are expected to be in force for some time. 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 Directors continue to adopt the going concern basis in preparing the accounts.

1.4 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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund.

1.5 Income

Income is 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. Income includes gifts and donations and grants.

1.6 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 Hub’s operations and activities.

Page 12

OASIS COMMUNITY HUB: NORTH BRISTOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1.7 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.

1.8 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.

1.9 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.

1.10 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.

1.11 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.

2. DONATIONS AND LEGACIES

Donations
Grants
Voluntary income		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2020
£
2020
£
2020
£
2019
£
4,175
7,072
11,247
743
9,036
120,090
129,126
122,412
13,211
127,162
140,373
123,155

Page 13

OASIS COMMUNITY HUB: NORTH BRISTOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

3. CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES
Staff Costs:
Consultants
Salaried Staff
Governance Costs:
Audit fee
Other Direct Costs:
Rent
Training
Office costs
Telephone and Internet costs
Insurance
Rates
Utilities
Bank charges
Management charges
Travel & subsistence
Subscriptions/registrations
Publicity
Other costs
Grants payable others
Equipment		 Unrestricted
funds
2020
Restricted
funds
2020
Total
2020
Total
2019
£
£
£
£
-
160
160
2,985
11,346
69,122
80,468
85,753
160
200
360
800
-
15,570
15,570
15,430
-
80
80
490
-
579
579
1,642
1,320
1,667
2,987
-
-
871
871
1,461
-
-
-
1,119
-
2,590
2,590
2,601
22
70
92
119
-
5,200
5,200
10,197
818
1,250
2,068
4,120
144
835
979
851
-
53
53
674
2,450
11,963
14,413
17,240
-
-
-
1,480
61
5,425
5,486
6,488
16,321
115,635
131,956
153,450

Staff working within the hub are employed by Oasis Community Partnerships Trust and costs are charged to the hub

4. GOVERNANCE COSTS

Auditor’s remuneration

Total Total
funds funds
2020 2019
£ £
360 800

Page 14

OASIS COMMUNITY HUB: NORTH BRISTOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

5. STAFF NUMBER AND EMOLUMENTS

Staff emoluments
Social security costs
Pension costs
Total		 Total
Total
2020
£
2019
£
70,380
76,134
3,718
4,590
6,371
5,029
80,469
85,753

During the year the average number of employees was 5 (2019: 7). No employee received remuneration amounting to more than £60,000 in the year (2019: nil).

The pension costs above relate to a defined contribution scheme, which is operated by Oasis Charitable Trust and were all charged to unrestricted or restricted expenditure, depending on the project the staff member is attributed to.

6. NET EXPENDITURE

This is stated after charging:

2020 2019
£ £
Auditor’s remuneration 360 800

During the year, no Director received any remuneration, benefits in kind or reimbursement of expenses (2019 - £NIL).

7. DEBTORS

Amount owed by group undertakings 2020
2019
£
£
-
_2,781 _

8. CREDITORS:

Amounts falling due within one year

Trade creditors
Amount owed by group undertakings		 2020

£
637
2,774
3,411		 2019
£
3,177
-
3,177

Page 15

OASIS COMMUNITY HUB: NORTH BRISTOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

9. STATEMENT OF FUNDS - 2020

Oasis Hub - General
Juicy Blitz - Restricted
Community - Restricted
Friends of Long Cross - Restricted
Family Support - Restricted
Community Shop - Restricted
Total restricted funds
Total Funds		 Brought
Forward
Transfers
between
funds
Incoming
resources
Resources
Expended
Carried
Forward
£
£
£
£
£
8,864
615
17,100
(16,321)
10,258
41,264
-
84,980
(77,309)
48,935
615
(615)
-
-
-

4,585
-
-
(280)
4,305
770
-
6,470
(6,084)
1,156
17,895
-
42,333
(31,962)
28,266
65,129
133,783
(115,635)
82,662
73,993
-
150,883
(131,956)
92,920

Juicy Blitz is a restricted project youth involvement programme. It is a health, education and participation project for young people aged 10-19 and the funds will be used during the coming year. Friends of Long Cross is a parents group who have run a number of events and fundraisers for the children of Long Cross Academy. These funds will be available for the students in the coming year.

STATEMENT OF FUNDS - 2019

Oasis Hub - General
Juicy Blitz - Restricted
Community - Restricted
Friends of Long Cross - Restricted
Holiday Programmes - Restricted
Carnival - Restricted
Domestic Abuse – Restricted
Family Support - Restricted
Community Shop - Restricted
Total restricted funds
Total Funds		 Brought
Forward
Transfers
between
funds
Incoming
resources
Resources
Expended
Carried
Forward
£
£
£
£
£
3,269
7,966
1,301
(3,672)
8,864
52,409
-
85,303
(96,448)
41,264
9,700
-
1,200
(10,285)
615

3,027
-
3,592
(2,034)
4,585
1,648
-
275
(1,923)
-
6,020
(6,020)
-
-
-
1,946
(1,946)
-
-
-
-
-
6,347
(5,577)
770
13,687
-
37,719
(33,511)
17,895
88,437
(7,966)
134,436
(149,778)
65,129
91,706
-
135,737
(153,450)
73,993

Page 16

OASIS COMMUNITY HUB: NORTH BRISTOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2020

Restricted Unrestricted Total
funds funds funds
2020 2020 2020
£ £ £
Current assets 86,073 10,258 96,331
Current liabilities (3,411) - (3,411)
82,662 10,258 92,920
ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2019
Restricted Unrestricted Total
funds funds funds
2019 2019 2019
£ £ £
Current assets 67,490 9,680 77,170
Current liabilities (2,361) (816) (3,177)
65,129 8,864 73,993

11. ULTIMATE PARENT UNDERTAKING

The company is a wholly owned subsidiary of Oasis Community Partnerships (OCP), a company incorporated in England (registered number 08749179) and a registered charity (number 1163889 CP is the immediate parent company and has the power to appoint and remove trustees. Oasis Community Partnership prepares consolidated financial statements and this is the smallest group for which accounts are prepared that incorporate Oasis Community Hub: North Bristol. 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:

The ultimate parent undertaking is Oasis International Association Ltd (OIA), a company incorporated in England (registered number 4255992) and a registered charity (registered charity number 1098100). Oasis International Association prepares consolidated financial statements which include the results of Oasis Community Hub: North Bristol, and this is the largest group for which accounts are prepared that include this company. Copies of the Oasis International Association Ltd group financial statements are available from its registered office at 1 Kennington Road, London, SE1 7QP.

OIA’s principle objectives are to:

Page 17

OASIS COMMUNITY HUB: NORTH BRISTOL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

From September 2020 the Ultimate Parent of the group is Oasis Charitable Trust (OCT). Further information is given in the Post Balance Sheet note 13 below.

12. RELATED PARTY TRANSACTIONS

At year end there is a balance of £2,774 (2019: £2,781 owed to the Hub by Oasis Community Partnerships) owed by the Hub to Oasis Community Partnerships. There were no other related party transactions.

13. POST BALANCE SHEET EVENT

On 1 September 2020 a change to the structure within the Oasis Group took place with Oasis Charitable Trust (OCT), becoming the ultimate parent of the group. Oasis International Association (OIA, the previous ultimate parent), became a subsidiary of OCT. Oasis Community Hub: North Bristol continues to be a subsidiary of Oasis Community Partnership, which is a subsidiary of the ultimate parent, Oasis Charitable Trust.

14. STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVES

Note
INCOME FROM:
Donations and legacies
2
Activities for generating funds
Charitable activities
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
3
TOTAL EXPENDITURE
NET EXPENDITURE FOR THE YEAR, BEING NET
MOVEMENT IN FUNDS
Transfers between funds
9
Total funds at 1 September 2018
TOTAL FUNDS AT 31 AUGUST 2019		 Unrestricted
funds
Restricted
funds
Total
funds

2019
£
2019
£
2019
£
1,234
121,921
123,155
67
9,277
9,344
3,238
3,238
1,301
134,436
135,737
3,672
149,778
153,450
3,672
149,778
153,450
(2,371)
(15,342)
(17,713)
7,966
(7,966)
-
3,269
88,437
91,706
8,864
65,129
73,993

Page 18