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2020-08-31-accounts

Charity number: 1138862 Registered number: 7356565

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

DIRECTORS’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1
Trustees' report (incorporating a Directors’ report) 2 – 7
Independent auditor’s report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 – 18

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS

FOR THE YEAR ENDED 31 AUGUST 2020

Directors / Trustees

E Lamont B Simmonds N Goddard

Company registered number

7356565

Charity registered number

1138862

Registered office

1 Kennington Road, London SE1 7QP

Company secretary

D Parr

Independent Auditor

BDO LLP 55 Baker Street London W1U 7EU

Page 1

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2020

The Directors (who are also trustees of the charity) present their annual report together with the financial statements of Oasis Community Hub: Oldham (the Company) for the year ended 31 August 2019. The Trustees confirm that the Annual report and financial statements of the company comply with the Companies Act 2006 and Charities Act 2011, 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[th] April 2010 and is a registered charity number 1138862.

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 TRUSTEES

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 TRUSTEES

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

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Oasis Community Hub: Oldham (the Company) is a company limited by guarantee, whose registered number is 7356565. It is also a registered charity, number 1138862. The Company is governed by a Memorandum and Articles of Association of 27[th] April 2010. The Company is controlled by the Directors who are also the Trustees. Oasis Community Partnerships is the immediate parent and guarantor. The Company does not have a share capital. Directors are appointed by a majority of other 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 decisions.

The Company was established in furtherance of Oasis International Association, 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 there 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: OLDHAM

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS' REPORT) (continued) FOR THE YEAR ENDED 31 AUGUST 2020

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 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: Oldham 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 identifying 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: Oldham 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 Oasis Academies in Oldham

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

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

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS' REPORT) (continued)

Page 3

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

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

3. Oasis Community Hub: Oldham and its partnership with Oasis Academies

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

Oasis Community Hub: Oldham integrates community development in the local area and in particular the communities surrounding Oasis Academies Limeside (primary school), Oldham (secondary school) and Leesbrook (secondary school), all of which are part of the Oasis Community Learning multi-academy trust. One objective of Oasis Community Hub: Oldham is to provide wrap around care for students and their parents/carers at all three Academies. Therefore, Oasis Community Hub: Oldham works in close partnership with Oasis Academy Limeside, Oasis Academy Oldham and Oasis Academy Leesbrook in order to provide integrated and holistic community transformation.

Because the Academies are able to 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: Oldham 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: Oldham has been specifically established to govern our charitable community activities in the area.

Achievements and Performance in 2019/20

Oasis Hub Oldham whilst one Charity has two geographical focus, Hollinwood including Oasis Academy Oldham and Limeside and Leesbrook including Oasis Academy Leesbrook and Clarksfield. The work in Hollinwood has been well established over several years of concentrated effort and during this past year the work in Leesbrook has begun to emerge and become more established.

As with every other charity, Oasis Community Hub Oldham 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 stopped and we quickly had to adjust how we work. Our priority was making sure that our vital food poverty and pastoral support services were able to continue, with the majority of our activity moving to online delivery.

We provided a variety of online youth activities, intensive youth support and mentoring to support the most vulnerable young people in our community, we were also able to provide family craft activities, virtual walks, virtual coffee mornings, 1 to 1 support and our team supported the Oasis national friendship line. We prioritised emergency food provision delivering fresh meals, ingredients bags, salad packs and emergency hampers.

Page 4

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS' REPORT) (continued) FOR THE YEAR ENDED 31 AUGUST 2020

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 support we received form our local Hub Council and community via a crowd funder to support our emergency food provision.

Highlights

Young people:

Young people are core to the work of Oldham Hub though our schools links and youth provision. We have supported 67 young people with bespoke support between December 2019 and August 2020. As part of our Thriving Hollinwood partnership work we run the Youth achievement project which aims to reduce the number of young people not in education or training (NEET). There are two strands to this project – a preventative program focusing on young people identified at being at risk in years 9, 10 and 11 and a reactive program working with young people in the community aged 16 – 24.

Under the preventative strand we have supported 28 young people to look at academic goals and create a career plans, given intensive support to 4 high risk YR 11 students, had 85 ‘1 to ‘1 sessions with 19 students. As part of our reactive program have supported 44 year 11’s to plan for the future and to support their transition from secondary school.

We also focus on health and wellbeing support for young people. This has happened across Hollinwood and Leesbrook face to face where possible and online when more appropriate and has included an online choir, a peer mentoring program, positive relationship support, 1 to 1 mentoring and bereavement support.

Adults and families:

Alongside the programs 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. We have focused this year on offering advice and support including, weekly drop in’s to access free school meal and benefits advice, ways to wages employability support, parenting support and very successful Creative English classes for 30 participants in both Limeside and Clarksfield.

Before Covid restrictions we ran our Hubabuloo holiday program with sessions across all school holidays reaching over 600 individuals, providing free meals and family activities including sports, crafts, dance, drama and growing activities. We also delivered community events at Christmas and during the summer for 200+ attendees and trips to Blackpool illuminations and Oldham Coliseum pantomime. We have also engaged community groups and young people in the Leesbrook area to design a heritage trail which will be installed later in the year.

During Covid restriction the focus of our work had to change from community empowerment activities to a more directed support focus, a large part of that became our emergency food provision, which was greatly enabled by the fantastic support of a small team of volunteers and partner organisations including, Oldham Council, Meals and More, Quorn, Family Action. As part of our emergency food support we:

During the Covid restriction our team were also able to continuing offering support through, zoom coffee mornings, 1 to 1 advice and support and phone calls and a full program of online activities including training, craft, karaoke, quizzes and craft.

Page 5

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS' REPORT) (continued) FOR THE YEAR ENDED 31 AUGUST 2020

Enablers

We have been successful in securing income for our Covid response from various grant funders and crowd funding initiatives. We have also secured funding for our NEET, summer and family resilience programs. We have secured funding to develop a new role supporting the community and families at our Leesbrook locality.

We have worked hard on all areas of charity governance including our data capture and use of the outcome star and this is reflected in the Oasis community partnerships impact report. We have established two new Hub councils at Leesbrook and Hollinwood to ensure our leadership and strategic direction is shaped by member of the young people and is representative of the young people we work with. Oasis Hub Oldham partners with a wide range of community organisations including Regenda Homes, Onward homes, Action together, Oldham council, Thriving Hollinwood, Big Local Oldham, Clarksfield community group, Roundthorn and Roxbury committee and Roundthorn salvation Army.

Financial review

These financial reports demonstrate the financial activity in the period September 2019 to August 2020. In the coming year, there is a desire to further generate sufficient funds to grow and build on activities. The total income for the year ended 31 August 2020 amounted to £94,376 (2019: £170,732). Expenditure amounted to £89,857 (2019: £132,464). The overall result is a surplus of £4,519 (2019: £38,268) leaving retained funds of £116,577 (2019: £112,058).

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 £33,116 for 2019/20. Many staff are working on restricted projects and therefore the three months running costs are held within 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 £116,577 (2019: £112,058), with unrestricted funds of £2,960 (2019: £8,821) and restricted funds of £113,617 (2019: £103,237). 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 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 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

In the upcoming year we plan to continue supporting our local communities based on our ethos of inclusion;

Page 6

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS' REPORT) (continued) FOR THE YEAR ENDED 31 AUGUST 2020

DIRECTORS' RESPONSIBILITIES STATEMENT

The Directors (who are also Trustees of Oasis Community Hub: Oldham 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 15 January 2021 and signed on their behalf by:

Barbara Simmonds Director

Page 7

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

Independent Examiner’s Report to the Members of Oasis Community Hub: Oldham

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: 15/01/2021

Page 8

OASIS COMMUNITY HUB: OLDHAM

(A company limited by guarantee)

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

Note
INCOME FROM:
Donations and legacies
2
Income from charitable activities
2
TOTAL
EXPENDITURE ON:
Charitable activities
3
TOTAL
NET (EXPENDITURE)/INCOME FOR THE
YEAR, BEING NET MOVEMENT IN
FUNDS
Total funds at 1 September 2019
TOTAL FUNDS AT 31 AUGUST 2020		 Unrestricted
funds
Restricted
funds
2020
£
2020
£
755
15,609
6,170
71,842
6,925
87,451		 Unrestricted
funds
Restricted
funds
2020
£
2020
£
755
15,609
6,170
71,842
6,925
87,451		 Unrestricted
funds
Restricted
funds
2020
£
2020
£
755
15,609
6,170
71,842
6,925
87,451		 Unrestricted
funds
Restricted
funds
2020
£
2020
£
755
15,609
6,170
71,842
6,925
87,451		 Total
funds
2020
£
16,364
78,012
94,376		 Total
funds
2019
£
5,942
164,790

170,732

132,464

132,464
38,268
73,790
112,058
12,786
12,786
(5,861)
8,821
2,960		 77,071
77,071		 89,857
89,857
4,519
112,058
116,577
10,380
103,237
113,617

The notes on pages 11 and 18 form part of these financial statements.

Page 9

OASIS COMMUNITY HUB: OLDHAM (A company limited by guarantee)

Registered Number: 7356565

BALANCE SHEET AS AT 31 AUGUST 2020

Note
CURRENT ASSETS
Cash at bank
Debtors
6
CREDITORS:amounts falling due
within one year
7
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
TOTAL FUNDS

£
105,866
10,911		 2020

£



116,577

£
119,353
210		 2019

£



112,058
112,058
103,237
8,821
112,058
116,777
(200)		 119,563
(7,505)




116,577
113,617
2,960
116,577

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 15 January 2021 and signed on their behalf, by:

Barbara Simmonds Director

The notes on pages 11 and 18 form part of these financial statements.

Page 10

OASIS COMMUNITY HUB: OLDHAM (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. 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. Details of the principal activities of the company are given within the Trustees’ Report. The accounts have been prepared in GBP and have been rounded to the nearest pound.

1.3 Going concern

The Directors have considered the risks to the Hub, including the impact of Covid-19, and these include whether funding would be withdrawn if the Hub was unable 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 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.

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 which have been raised by the company for particular purposes. The cost 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 gifts and donations are recognised on receipt.

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 youth and farm activities undertaken to further the purposes of the charity and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred

Page 11

OASIS COMMUNITY HUB: OLDHAM (A company limited by guarantee)

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

1.6 Expenditure (continued)

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.

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.

Page 12

OASIS COMMUNITY HUB: OLDHAM (A company limited by guarantee)

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

2. INCOME

Donations and legacies
Income from charitable activities:
Grants
Invoiced services
Sundry income
Total income from charitable activities
Total Income
3.
CHARITABLE ACTIVITIES
Gross salaries
National Insurance
Pension contributions
Equipment
Consumable supplies
Travel & Subsistence
Publicity
Audit fee
Professional/consultancy fees
Bank fees
Building Maintenance
Training costs
Management charges
Other expenditure
Total
The costs above are classified as:
Direct
Costs
2020
£
Total
80,617		 Unrestricted
funds
2020
£
755
-
60
6,110		 Restricted
funds
2020
£
15,609
48,598
10,738
12,506
71,842		 Total
funds
2020
£
16,364
48,598
10,798
18,616
78,012
94,376
Total
funds
2020
£
40,308
1,958
2,642
304
5,923
1,726
114
360
8,616
283
1,302
3,245
13,197
9,879
89,857
Total
costs
2020
£
89,857		 Total
funds
2019
£
5,942
85,671
24,533
54,586
164,790
170,732
Total
funds
2019
£
52,122
3,692
3,583
1,926
9,466
5,000
283
950
31,790
173
-
3,037
11,900
8,542
132,464
Total
costs
2019
£
132,464
6,170
6,925 87,451
Unrestricted
funds
2020
£
3,291
-
230
-
204
506
-
360
696
283
-
1,802
2,697
2,717		 Restricted
funds
2020
£
37,017
1,958
2,412
304
5,719
1,220
114
-
7,920
-
1,302
1,443
10,500
7,162
12,786 77,071
Support
Costs
2020
£
8,880		 Governance
costs
2020
£
360

Support cost all relate to salaries and wages for supporting and managing the various projects across the Hub.

Page 13

OASIS COMMUNITY HUB: OLDHAM (A company limited by guarantee)

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

The company has no employees other than the directors who did not receive any remuneration during the year (2019: nil). All staff are employed by Oasis Community Partnerships, the immediate parent undertaking, and the cost of those staff employed by Oasis Community Partnerships but who work for Oasis Community Hub: Oldham are recharged to the company. No employee received remuneration amounting to more than £60,000 in the year (2019: nil). The Hub leader is the key management personnel and the salary and pension cost of key management personnel are recognised in Oasis Community Learning’s accounts.

4. GOVERNANCE COSTS

Auditor's remuneration
5.
NET (EXPENDITURE)/INCOME
This is stated after charging:
Auditor's remuneration		 2020
£
360
360
2020
£
360
360		 2019
£
950
950
2019
£
950
950

During the year, no Directors received any remuneration, benefits in kind or reimbursement of expenses (2018: £nil)

6. DEBTORS:

2020 2019
£ £
Trade debtors 6,000 210
Amounts owed by group undertaking 4,911 -
10,911 210

Page 14

OASIS COMMUNITY HUB: OLDHAM (A company limited by guarantee)

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

7. CREDITORS:

Amounts falling due within one year

Trade creditors
Amounts owed to parent undertaking		 2020
£
200
-
200		 2019
£
6,764
741
7,505

8. MOVMENT OF FUNDS - 2020

Unrestricted funds
Restricted funds:
Youth
Community Events
Creative Credit
Community Kitchen
Community Farm
Clarksfield Hardship
Oldham Hardship
Leesbrook Hardship
Total restricted funds
Total funds		 Brought
Forward
Transfer
between
funds
Income
2020
Expenditure
2020
Carried
Forward
£
£
£
£
£
8,821
-
6,925
(12,786)
2,960
22,415
(2,000)
25,000
(23,141)
22,274
1,949
-
29,325
(5,375)
25,899
9,353
(9,353)
-
-
-
54,866
(15,000)
31,895
(30,453)
41,308
14,600
26,353
-
(17,790)
23,163
54
-
-
(50)
4
-
-
375
(112)
263
-
-
856
(150)
706
103,237
-
87,451
(77,071)
113,617
112,058
-
94,376
(89,857)
116,577

The transfers between funds represent funds being transferred from unrestricted funds to the restricted youth project and is for the reallocation of funding in a prior year.

Youth is a restricted fund to support the youth and children’s work within the hub. This fund will be spent in the next year.

Community events is a fund set aside to run and deliver a variety of community events over the next year. Creative Credit is a drama and theatre based project enabling engagement with young people and parents. Community Kitchen is a cooking and health project allowing volunteers to engage and receive training in cooking and catering skills.

Community farm is a project allowing mentoring to take place in the context of running a city farm.

Page 15

OASIS COMMUNITY HUB: OLDHAM (A company limited by guarantee)

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

MOVEMENT OF FUNDS - 2019

Unrestricted funds
Restricted funds:
Youth
Community Events
Creative Credit
Community Kitchen
Community Farm
Clarksfield Hardship
Total restricted funds
Total funds		 Brought
Forward
Transfer
between
funds
Income
2019
Expenditure
2019
Carried
Forward
£
£
£
£
£
23,940
(3,460)
4,030
(15,689)
8,821
1,540
3,460
47,395
(29,980)
22,415
2,789
-
773
(1,613)
1,949
22,130
-
6,126
(18,903)
9,353
14,321
-
72,299
(31,754)
54,866
9,070
-
40,055
(34,525)
14,600
-
-
54
-
54
49,850
3,460
166,702
(116,775)
103,237
73,790
-
170,732
(132,464)
112,058

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2020

Current assets
Current liabilities		 Restricted
funds
Unrestricted
funds
Total
funds
2020
2020
2020
£
£
£
113,617
3,160
116,777
-
(200)
(200)
113,617
2,960
116,577

ANALYSIS OF NET ASSETS BETWEEN FUNDS 2019

Current assets
Current liabilities		 Restricted
funds
Unrestricted
funds
Total
funds
2019
2019
2019
£
£
£
109,168
10,395
119,563
(5,931)
(1,574)
(7,505)
103,237
8,821
112,058

Page 16

OASIS COMMUNITY HUB: OLDHAM (A company limited by guarantee)

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

10. ULTIMATE AND IMMEDIATE 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). OCP 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: Oldham. Copies of these financial statement can be obtained from its registered office at 1 Kennington Road, London, SE1 7QP.

OCP’s principal objectives are to:

Oasis International Association Ltd (OIA) is the Ultimate Parent OIA is 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 Oldham, 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 principal objectives are to:

From September 2020 the Ultimate Parent of the group is Oasis Charitable Trust (OCT). Further information is given in the Post Balance Sheet note 12 below.

11. RELATED PARTY TRANSACTIONS

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

There were no other related party transactions during the year.

Page 17

OASIS COMMUNITY HUB: OLDHAM (A company limited by guarantee)

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

12. 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: Oldham Park continues to be a subsidiary of Oasis Community Partnership, which is a subsidiary of the ultimate parent, Oasis Charitable Trust.

13. STATEMENT OF FINANCIAL ACTIVITIES – COMPARATIVES

INCOME FROM:
Donations and legacies
Income from charitable activities
TOTAL
EXPENDITURE ON:
Charitable activities
TOTAL RESOURCES EXPENDED
NET INCOME FOR THE YEAR, BEING NET
MOVEMENT IN FUNDS
Transfer between funds
Total funds at 1 September 2018
TOTAL FUNDS AT 31 AUGUST 2019		 Unrestricted
funds
Restricted
funds
Total
funds
2019
£
2019
£
2019
£
299
5,643
5,942
3,731
161,059
164,790
4,030
166,702
170,732
15,689
116,775
132,464
15,689
116,775
132,464
(11,659)
49,927
38,268
(3,460)
3,460
-
23,940
49,850
73,790
8,821
103,237
112,058

Page 18