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← Oasis Community Hub: Mayfield

2024-08-31-accounts

Registered number: 07237014 Charity number: 1138867

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

DIRECTORS' REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1
Directors' report 2 - 8
Examiners’ report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 – 17

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024

Directors

JK Fuller B Simmonds G Crooks N Fayle (Appointed 9 July 2024)

Company registered number

07237014

Charity registered number

1138867

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: MAYFIELD

(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: Mayfield (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 27/04/2010 and is a registered charity number 1138867.

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 Trust deed. 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 Parent and Guarantor, Oasis Charitable Trust.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Oasis Community Hub: Mayfield (the Company) is a company limited by guarantee, whose registered number is 07237014. It is also a registered charity, number 1138867. 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. Oasis Charitable Trust is the founding member and guarantor. 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 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 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 2023.

Page 2

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

The Directors consider that Oasis Community Hub: Mayfield 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 in 2023/24

Oasis Hub Mayfield, known as East Southampton, comprises a range of holistic community work focused in East Southampton (Sholing, Woolston. Weston, Thornhill, Merry Oak, Harefield and Itchen), in partnership with Oasis Academies Sholing and Mayfield. There have been a number of significant developments and achievements in this community provision this year.

A new Strategic Community Development lead has been in post since April 2024, working across Southampton to build connections and develop the Oasis community provision. This leadership capacity is supporting the ongoing development of the hub and identifying potential new programmes and opportunities to support our local community. That enable us to fulfil the Oasis vision of being a place where everyone is included, making a contribution, and reaching their God-given potential

The Harefield Hub

In March of this year, we celebrated the official opening of the Oasis Hub space in Harefield. We took over the lease of this community space from a charity that was closing, SO18 Big Local. This has given us a community base from which to run activities and enabled key aspects of community provision to continue within this geographic location. The space is used to run our own groups and other organisations also have access to the space -including Youth Options to support their detached youth work, the local GP surgery to run patient courses, Local Police and Community Together Meetings and local churches for prayer meetings.

Our own provision includes a morning living room space, bringing people together in the community for company and activity. A core group established in the summer term, with regular meets to do craft and have a hot drink and chat with one another.

Youth Work

Detached and club based youth work has been delivered across the area. The detached work has been delivered in partnership with other youth providers and been targeted to areas with a high incidence of antisocial behaviour. We have been able to use our youth van to provide a focus and support the delivery of this work. This has enabled us to build good professional relationships and increase provision for young people in the area.

Page 3

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

At the Harefield hub we have built up a regular youth club with 10 -15 young people attending each session, supported by hub staff and a volunteer team. The group take part in games and activities that give them something constructive to do, enable them to build relationships with trusted adults and learn to play and cooperate with one another. Some sessions also offer a particular focus on life skills, for example creating and caring for ‘egg babies’ and contributing their voice and views to future developments of provision.

We have also secured a good relationship with Southampton City Council Young Carers Team and work in partnership with them to deliver a fortnightly youth club for young carers from the Harefield Hub. This is 2 groups, one for primary aged children and one for secondary aged young carers. Working with the social work team we provide a fun and safe place for these groups to come together. So that they can have a space that meets their needs, gives them a break from their responsibilities and where they can seek help and advice.

Over the summer holidays alongside our weekly provision, we also took part in a collaboration with other providers and Young Southampton to run activity and consultation sessions across the area. The hub took the lead on the one closest to the Harefield hub and young people had an opportunity to come and try out new activities such as archery and bowling as well as football and some giant games on Bentley Green. We engaged with 60 young people and they were able to share their views about the area, what they wanted to see happen locally and the issues that matter most to them. In addition to the other youth providers local councillors and local police also attended these events which helped the young people see that these people are there to help them too. This built positive connections in the community and provided free fun activities across the holiday.

Our free Saturday club has continued to run at Mayfield Academy. 15 -20 children attend this each week and have the opportunity to take part in a wide variety of sports, games and craft. All the young people spend at least some of the time being active. This helps to build healthy habits and gives them a chance to let off steam in a safe and fun way. Through this we have built positive relationships with families and been able to support with other needs and signpost to our other provision. We have also built our youth volunteering with some young leaders. Giving them the opportunity to volunteer as part of their Duke of Edinburgh Awards and also build their skills and confidence in a supportive way.

A group of 12 identified pupils from Mayfield and Sholing academies have also taken part in the Oasis Aspirations programme. Engaging in youth worker led mentoring sessions and also activities around employability. We have also delivered Grief and Loss courses at both academies to support bereaved students.

Holiday Provision

In all the school holidays throughout the year, including half terms, we have run activity and food programmes. Children who qualify for free school meals have been funded through HAF funding and other families have been able to access the activities at a modest cost. This has been run out of Mayfield Academy enabling the children to benefit from the school facilities, taking part in sports activities, fitness, fun games and craft activities. This summer we also partnered with Plus You, another local charity who provided the meals each day. Over the course of the year we provided 403 hot meals through this programme. These sessions provided a further opportunity for young leaders to volunteer, learning leadership skills and supporting the children who attended.

Oasis Community Pantry

Our community pantry has continued to run successfully from the Highpoint venue supporting people living in the SO18 and SO19 postcodes. Clients have been referred from the Oasis Academies, other schools, GPs and social prescribers. The pantry supports with food needs, allowing people to pay £5 each time they come. They are then able to choose 15 items of shopping coming to an average value of £20 -25. This enables people to be empowered to have choice but also stretch their income. Hub staff and volunteers are also able to signpost people to further advice and support from other agencies. As well as offering additional emergency support referrals for the foodbank and utility bills.

Page 4

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024

Food donations come from local businesses, members of the public, the academies and we have also continued our relationship with The Big Difference to reduce food waste in the city. This year we have also engaged with the Southampton food partnership to be involved in discussion and plans for Southampton to be a sustainable food place.

We have been able to increase the hours of the pantry lead this year to enable her to spend time on sourcing food donations and completing the necessary administration.

Prom Dress Hire

The prom dress hire enables students to affordably hire a dress or suit for their prom. This increases the affordability of Prom making it accessible to more students and also reduces the waste associated with fast fashion so reduces the environmental impact of prom too. Members of the local community have been generous in donating dresses and suits meaning there is a wide range of choice of styles and sizes. This year we needed to move our storage out of Mayfield Academy and are currently renting space in a community library. Throughout the spring and summer term the venue was opened, supported by hub staff and volunteers to enable students to come and try and choose outfits.

Relationship of Oasis Community Hub: Mayfield 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 Academies Mayfield and Sholing

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 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

Page 5

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2024

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

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

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

Oasis Community Hub: Mayfield delivers integrated community development work in the community surrounding Oasis Academy Mayfield (secondary school). One objective of Oasis Community Hub: Mayfield is to provide wrap around care for students and their parents/carers at the Academies. Therefore, Oasis Community Hub: Mayfield works in close partnership with Oasis Academies Mayfield and Sholing in order to provide integrated and holistic community transformation.

Financial review

The total incoming resources during the year ended 31st August 2024 amounted to £67,299 (2023: £89,081). Expenditure amounted to £76,234 (2023: £72,251). The overall result is a deficit of £8,935 (2023: £16,830 surplus) leaving retained funds of £59,098 (2023: £68,033).

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

The new leadership structure of the hub, with the community development lead now in post and a new hub team leader, following the retirement of the previous hub leader, gives us new capacity to develop our provision locally and in partnership with the Oasis Lordshill Hub. All within the Oasis ethos of being inclusive, treating people with respect, being hopeful that things can change and having a long-term perspective.

Ensuring our provision is sustainable and responding to local need is central to our development plans. We will focus on engaging with the local users of the Harefield Hub and other partners in the Harefield area, including the local primary school and churches to develop and deliver provision that meets the holistic needs of families. A key aspect of this will be to recruit and develop a local volunteer team so that there can be a greater variety of activities and opening at the Harefield hub. Meeting the needs of people of different ages across the community. We also plan to tie in the development of provision at the hub and in other venues with supporting a journey to greater independence for our food pantry users, so they no longer need to use it. Including exploring the possibility of providing wellbeing sessions and debt advice.

Page 6

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2024

In our youth work we will focus on the well-being of young people. We will aim to build a good partnership with Southwest Rail, our current funders. Recruiting a new youth worker to deliver on this project is a key first step and working with other providers in the area to deliver detached work at key sites reducing anti-social behaviour and building relationships with young people to give them trusted adults to talk to and to signpost to other opportunities. We will also be delivering mentoring within the academies. Particularly supporting pupils identified by the academies as needing support with self-esteem, confidence and attendance. As part of this we will work with community rail to deliver confidence to travel sessions, enabling young people to learn about and experience how to plan and undertake a train journey.

Developing further opportunities for young people’s voice and leadership across the work of the hub and within the academies is a priority this year. We will support the academies, through hub staff capacity, to take up opportunities to develop student voice. This will include supporting young people from both Mayfield and Sholing to take part in the National Oasis Youth Leadership conference and working on more local projects including piloting a youth Pact meeting with the Police team at Sholing Academy. As well as developing meaningful youth voice with the Hub Council. We will also be exploring opportunities to work with the Lordshill hub to have a stronger voice across the city advocating for issues that matter most to the young people in the communities we serve.

Income generation needs to be a key area this coming year to sustain and develop our provision. As part of this we plan to develop our prom dress hire. Enabling Oasis students to have the early opportunities to choose their outfits but then looking at other groups who may be interested in more affordable hiring for occasions into the summer. For example, students from other local schools, university students and blue light workers. This will enable us to increase our revenue from hire as well as support other groups within the community. As part of this we will also be looking to relocate the stock to enable easier access and to be able to create a fun experience when people come to browse and try on. We will also be seeking other sources of income to support the breadth of our work, including building further links with local businesses and grant funding.

Working closely with the communities of Oasis Academy Mayfield and Oasis Academy Sholing will be at the heart of our plans for the coming year. Supporting wellbeing priorities, including attendance. As well as establishing a partnership with the newly opened Oasis Church Southampton. There will be a focus on linking provision so that we can share resources across the different localities and provide a journey for people to be able to build independence and confidence. Including: establishing a journey from initial referral to the food pantry to being in a position to no longer need this support or to be involved in the running of it to build skills and confidence; and different opportunities in our youth work so young people are able to build their skills and leadership and also be aware of and have the confidence to access other support to meet their needs. Enabling people to feel empowered and have opportunities to fulfil their God given potential will be central to our decision making and ongoing development of provision.

DIRECTORS' RESPONSIBILITIES STATEMENT

The Directors (who are also Trustees of Oasis Community Hub: Mayfield 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:

Page 7

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

DIRECTORS' REPORT (cont.) FOR THE YEAR ENDED 31 AUGUST 2024

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 9 April 2025 and signed on their behalf by:

John Fuller Director

Page 8

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

EXAMINERS’ 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: 9 April 2025

Page 9

OASIS COMMUNITY HUB: MAYFIELD

(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 & Donations
2
Grants
2
Other Income
2
TOTAL INCOMING RESOURCES
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
£
5,876
-
5,876
5,774
-
30,320
30,320
53,187
17,214
13,889
31,103
30,120
23,090
44,209
67,299
89,081
28,101
48,133
76,234
72,251
28,101
48,133
76,234
72,251
(5,011)
(3,924)
(8,935)
16,830
9,241
58,792
68,033
51,203
4,230
54,868
59,098
68,033

The notes on pages 12 and 17 form part of these financial statements.

Page 10

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee) REGISTERED NUMBER: 7237014

BALANCE SHEET AS AT 31 AUGUST 2024

2024 2024 2023 2023
Note £ £ £ £
FIXED ASSETS
Tangible assets 5 6,695 6,695 9,035
CURRENT ASSETS
Cash at bank 51,983 62,305
Debtors 6 3,961 1,680
55,944 63,985
CREDITORS:amounts falling due within
one year 7 (3,541) (4,987)
NET CURRENT ASSETS 52,403 58,998
NET ASSETS 59,098 68,033
CHARITY FUNDS ,
Restricted funds 54,868 58,792
Unrestricted funds 4,230 9,241
TOTAL FUNDS 59,098 68,033

For the year ending 31/08/2024 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 9 April 2025 and signed on their behalf, by:

John Fuller Director

The notes on pages 12 to 17 form part of these financial statements.

Page 11

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS 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.

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.

1.4 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 gifts and donations are recognised on receipt.

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.

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 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.

Page 12

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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.

1.12 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: MAYFIELD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

2. INCOME

Gifts & Donations
Grants
Other Income
Voluntary Income		 Unrestricted
funds
2024
£
5,876
-
17,214		 Restricted
funds
2024
£
-
30,320
13,889
44,209		 Total
funds
2024
£
5,876
30,320
31,103
67,299		 Total
funds
2023
£
5,774
53,187
30,120
89,081
23,090

3. CHARITABLE ACTIVITIES

Consultancy costs
Consumables
Independent exam fee
Equipment
Event costs
Bank charges
Depreciation
Insurance
Food costs
Grants payable
Other expenditure
Staff costs		 Unrestricted
funds
2024
£
1,576
3,687
410
926
737
154
-
-
140
-
20,471
-		 Restricted
funds
2024
£
2,055
8,045
-
285
2,135
-
2,340
-
1,696
-
1,583
29,994
48,133		 Total
funds
2024
£
3,631
11,732
410
1,211
2,872
154
2,340
-
1,836
-
22,054
29,994
76,234		 Total
funds
2023
£
2,389
13,636
300
9,567
6,919
179
2,340
2,298
2,439
13,220
10,111
8,853
28,101 72,251

Page 14

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

4. NET INCOMING RESOURCES / (RESOURCES EXPENDED)

This is stated after charging:
2024 2023
£ £
Auditor's remuneration 410 300
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).

5. TANGIBLE FIXED ASSETS

Cost
At 1 September 2022
Additions
At 31 August 2024
Depreciation
At 1 September 2023
Charge for the year
At 31 August 2024
Net book value
At 1 September 2023
At 31 August 2024
6.
DEBTORS:
Debtors
Intercompany		 Motor Vehicles
£
13,000
-
13,000
3,965
2,340
6,035
9,035
6,695
2024
2023
£
£
-
1,680
3,961
-
3,961
1,680		 Motor Vehicles
£
13,000
-
13,000
3,965
2,340
6,035
9,035
6,695
2024
2023
£
£
-
1,680
3,961
-
3,961
1,680
2024
£
-
3,961
3,961
1,680

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OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: Amounts falling due within one year

Creditors
Intercompany		 2024
£
3,541
-
3,541		 2023
£
4,387
600
4,987

8. STATEMENT OF FUNDS

Unrestricted funds
Restricted funds:
HAF
Opening Schools Project
3G Pitch
Community Pantry
Detached Youthwork		 Brought
Forward
Income
2024
Expenditure
2024
Carried
Forward
£
£
£
£
9,241
23,090
(28,101)
4,230
14,224
10,107
(7,985)
16,346
228
1,242
(1,281)
189
2,500
-
-
2,500
7,436
8,682
(11,678)
4,440
34,404
24,178
(27,189)
31,393
68,033
67,299
(76,234
59,098

9. 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: Mayfield. 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

Page 16

OASIS COMMUNITY HUB: MAYFIELD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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.

OCT’s principle objectives are to:

10. RELATED PARTY TRANSACTIONS

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

An amount of £29,994 (2023: £8,853) was paid by the Hub to OCP in respect of staff recharges. At year-end a balance of £3,961 (2023: £600 was owed by the Hub to Oasis Community Partnerships) was owed to the Hub by Oasis Community Partnerships.

There were no other related party transactions.

Page 17