Registered number: 07237722 Charity number: 1138869
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
DIRECTORS' REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its trustees and advisers | 1 |
| Directors' report | 2 – 7 |
| Examiners’ report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 15 |
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2020
Directors
E Lamont B Simmonds N Goddard
Company registered number
07237722
Charity registered number
1138869
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: WINTRINGHAM
(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 unaudited financial statements of Oasis Community Hub: Wintringham (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 28 April 2010 and is registered charity number 1138869.
The principal objects of the Company are the advancement for the public benefit of education and health, the preservation and protection of public health generally, the relief of persons who are in need, hardship or distress and the prevention and relief of poverty.
b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS
The management of the company is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association. The appointment of new directors is at the discretion of the existing directors (and/or the Guarantor).
c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF DIRECTORS
Policies for the induction and training of new directors follow those of the immediate parent, Oasis Community Partnerships.
d. ORGANISATIONAL STRUCTURE AND DECISION MAKING
Oasis Community Hub: Wintringham (the Company) is a company limited by guarantee, whose registered number is 07237722. It is also a registered charity, number 1138869. 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 Partnership’s intention to deliver individual and community transformation through local community hubs. As each Hub will need to respond to the issues and needs arising in its own locality and in order to engage local involvement each hub will operate as an independent legal entity but expressing the consistent ethos of Oasis.
Page 2
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
DIRECTORS’ REPORT (Cont.) 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: Wintringham 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:
-
A passion to include everyone
-
A desire to treat everyone equally, respecting differences
-
A commitment to healthy and open relationships
-
A deep sense of hope that things can change and be transformed
-
A sense of perseverance to keep going for the long haul
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: Wintringham to other Oasis companies
The Hub has three relationships with the wider Oasis group:
-
With the national group of Oasis organisations
-
With the Oasis Community Partnerships group
-
With the local Oasis 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:
- Oasis Community Learning – a multi-academy chain running 52 academies across England
Page 3
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
DIRECTORS’ REPORT (Cont.)
FOR THE YEAR ENDED 31 AUGUST 2020
-
Oasis Community Partnerships – a charity delivering community development work
-
Oasis Community Housing – a housing charity supporting vulnerable adults and young people
2. The Oasis Community Partnerships Group
Within this group structure, Oasis Community Partnerships is responsible for all of Oasis’ community development work in the UK. It is the national holding company for 19 local Oasis Community Hubs and one Trading Company, delivering integrated community development work in a number of targeted neighbourhoods across the country.
Oasis Community Hub: Wintringham 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: Wintringham operates locally in order to respond appropriately to the needs of the local area. As a result, Oasis Community Hub: Wintringham benefits from higher quality and cheaper infrastructure than it would be able to access as entirely standalone organisation.
3. Oasis Community Hub: Wintringham and its partnership with Oasis Academies
Oasis Community Hub: Wintringham 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: Wintringham is a subsidiary of Oasis Community Partnerships, which, in turn, is a subsidiary of Oasis Charitable Trust.
Oasis Community Hub: Wintringham integrates community development in the local area and in particular the communities surrounding Oasis Academies Nunsthorpe (primary school), and Wintringham (secondary school). One objective of Oasis Community Hub: Wintringham is to provide wrap around care for students and their parents/carers at the Academies. Therefore, Oasis Community Hub: Wintringham works in close partnership with Oasis Academies Nunsthorpe and Wintringham in order to provide integrated and holistic community transformation.
Because both 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: Wintringham 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: Wintringham has been specifically established to govern our charitable community activities in the area.
Achievements and Performance 2019/20
As with every other charity, Oasis Community Hub Wintringham 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. 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 and build great community empowerment.
Breakfast club: Hub funding secures free breakfasts for students at Oasis Academy Nunsthorpe and Wintringham before school and at morning break via Greggs and Magic Breakfast. The breakfast clubs are important in two ways: firstly, it ensures that a number of vulnerable students are provided with something to fuel them first thing in the morning; secondly it enables Hub staff and volunteers to spend a bit of extra time with those students. The Breakfast club feeds an average of 130 students at Oasis Academy Nunsthorpe and
Page 4
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2020
40 at Oasis Academy Wintringham per day. Due to Covid restrictions the breakfasts are now served in each classroom at the Primary and year groups at Secondary. During the lockdown period we managed to maintain this service via support of Magic Breakfast by delivering direct to homes then through Amazon which consisted of bagels, beans and cereals.
Community Pantry & Food parcels : As part of the Hub partnerships with We Are One foundation the Hub now has its own food pantry which opens two days a week on a Tuesday and Friday 1-3pm. Direct referral access to the food parcel scheme is provided as well as referrals from local agencies such as children’s services, health visitors etc. If a student or family is identified via the academies as urgently in need of a food parcel due to difficult circumstances, the Hub is able to access support within 24 hours. This service was vital during the covid lockdown period assisting over 40 families per week especially as we had no breakfast club or access to free school meals but since we have been able to resume this service, we are now back down to our normal levels of around five per week. The Hub makes use of this service to provide emergency food assistance to families at both academies and has now grown to the wider community. The Hub also has a community fridge scheme which provides fresh goods such as bread, fruit, veg etc that is still good but would have been thrown away via supermarkets due to best before dates.
Youth Provision : The Hub provides a year round open access youth club facility and holiday provision, which is attended by 30 young people weekly aged 8-16. The programme includes; outreach community projects supporting disadvantaged young people; opportunities to engage in activities such as sports, creative arts and drama projects; provision of a programme of holiday activities including family day trips; early intervention projects with younger children aged 8-13, building positive relationships and creating pathways into wider youth provision; Developing leadership programmes such as young people leading local social action programmes within the community; developing local and global citizenship. This year we also partnered with our local authority in North East Lincolnshire and developed a new initiative ‘pop up boxing’ which was very successful and had over 100+ children and young adults taking part from across the area unfortunately this as now been put on hold due to covid.
Family Support: The Hub employed a Family Support worker in April 2020 and despite the Covid-19 restrictions was able to engage with 60 families a week through keep in touch calls and established one to one relationships with a smaller number of families through door-step visits supporting with issues including debt, housing and evictions, mental health, food/fuel poverty, ASB and parenting support.
Summer Sessions – Due to covid and the social distancing restrictions we couldn’t deliver a lot of our normal activities however, we were still able to provide several events during this period targeting families, young people 8-11years and 12-16years. The Hub created sessions based around parenting skills, support and educational themes, these were a mix of social distancing activities and interactive zoom sessions. Kit bags were produced for the interactive sessions covering arts, crafts, cooking and physical activities. These were hugely popular and included everything they needed to make the interactive sessions successful. We also maintained the food pantry service during this time.
Community empowerment projects : The Hub still works with the community to empower and support them to set up and own their own projects including a group of volunteers who now run the day to day work of the food pantry. One of our volunteers has created a new small income stream by selling pre-loved baby and small toddler clothes which are cleaned, steamed and packaged then promoted on Facebook. Going forward our aim from January 2021 is to set up a small play group and we are hoping to source funding to develop kit bags so we can develop initiatives online as well as within the centre covid committing. We have changed the way that Friends of Oasis fundraise this year as we have identified the families cannot afford to pay for all the fundraising by different organisations in the community, so we are now all working together to run larger events.
Community space : The Hub has now begun working from a community space at OA Nunsthorpe which is being developed into a fully functioning multi-purpose space. This space is focused around community needs and a number of community projects are being developed to run from this space.
Page 5
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2020
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 incoming resources during the year ended 31st August 2020 amounted to £87,407 (2019: £69,848).
Expenditure amounted to £72,315 (2019: £64,652). The overall result is a surplus of £15,092 (2019: £5,196) leaving retained funds of £50,668 (2019: £35,576).
It is the intention of the Directors that in due course Oasis Community Hub: Wintringham will establish and retain sufficient funds to cover the running costs for three months.
Going concern
The Directors have considered the risks to the Hub, including the 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 Trustees continue to adopt the going concern basis in preparing the accounts.
Plans for the future
Our objective for this coming year is to continue to expand our current offer to ensure our projects maintain their high quality and relevance within the context of our community. Alongside this we will be building a greater focus on developing enterprise into our projects to help bring about sustainability
Going forward we have some exciting plans and activity being developed for of our youth work 8-16 year olds. This will consist of undertaking targeted work with young people who are at risk of CSE, CCE and County lines supporting them into positive activities.
We are working to build parental and community engagement in the life of Oasis Hub South Grimsby through establishing a robust volunteer programme that builds individual and community capacity and support the Oasis community Hub work. We have developed a family support programme and will roll this out in 2020/21 including monthly workshops based on practical home skills giving parents’ key skills in looking after and maintaining their homes. The workshops will focus on things such as painting & decorating, Joinery, basic electrics and car maintenance etc. Twelve Little Duckling sessions will also be launching from January these will include a coffee and guest speaker and will run once per month. These sessions will be aimed at parents and be a mix of advice and information, giving parents the skills and knowledge about what is available within their local area. A parent and baby group will also be established. These sessions will cover 12 topics all around child development such as health & diet, teeth hygiene, toilet training, learning through play etc.
Page 6
OASIS COMMUNITY HUB: WINTRINGHAM
(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: Wintringham 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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
For the financial year in question the company was entitled to exemption under section 479a of the Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the Directors on 15 January 2021 and signed on their behalf by:
B Simmonds
Director
Page 7
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
EXAMINERS’ 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:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
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:
- 1) which give me reasonable cause to believe that in any material respect the requirements: a. to keep accounting records in accordance with section 130 of the 2011 Act; and b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Matt Ryan, FCCA
32 High Street, Wendover, Bucks, HP22 6EA
Date: 15/01/2021
Page 8
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2020
| Note INCOME Voluntary income 2 Activities for generating funds 2 TOTAL INCOMING RESOURCES EXPENDITURE Charitable activities 3 TOTAL MOVEMENT IN TOTAL FUNDS FOR THE YEAR - NET INCOME/(EXPENDITURE) FOR THE YEAR Transfer between funds Total funds at 1 September 2019 TOTAL FUNDS AT 31 AUGUST 2020 |
Unrestricted funds Restricted funds Total funds Total funds 2020 £ 2020 £ 2020 £ 2019 £ 5,591 79,856 85,447 68,467 1,562 398 1,960 1,381 |
|---|---|
7,153 80,254 87,407 69,848 |
|
| 3,770 68,545 72,315 64,652 3,770 68,545 72,315 64,652 3,383 11,709 15,092 5,196 176 (176) - - 1,624 33,952 35,576 30,380 5,183 45,485 50,668 35,576 |
The notes on pages 11 and 15 form part of these financial statements.
Page 9
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee) REGISTERED NUMBER: 7237722
BALANCE SHEET AS AT 31 AUGUST 2019
| Note CURRENT ASSETS Cash at bank 4 Debtors 5 CREDITORS:amounts falling due within one year 6 NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Restricted funds Unrestricted funds TOTAL FUNDS |
£ 51,562 - |
2020 £ 50,668 |
£ 36,388 1,165 |
2019 £ 35,576 |
|---|---|---|---|---|
| 51,562 (894) |
37,553 (1,977) |
|||
| 50,668 | 35,576 | |||
| 45,485 5,183 |
33,952 1,624 |
|||
| 50,668 | 35,576 |
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 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 15/01/2021 and signed on their behalf, by:
B Simmonds
Director
The notes on pages 11 to 15 form part of these financial statements.
Page 10
OASIS COMMUNITY HUB: WINTRINGHAM
(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 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.
1.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.
1.4 Income
All incoming resources are included in the Statement of financial activities when the company is legally entitled to the income, the amount can be quantified with reasonable accuracy and the likelihood of receipt of the income is probable.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
1.5 Resources expended
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 11
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
1.6 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
- 1.7 Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.8 Creditors and provisions
- Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
1.9 Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets held at amortised cost comprise cash and bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors.
1.10 Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.
In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.
1.11 Reconciliation with previously accepted Generally Accepted Accounting Practice
In preparing the accounts, the directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. In their estimation, the impact of transitioning is not material to the financial statements and therefore the restatement of comparative items is not required. The transition date was 1 September 2014.
Page 12
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
2. INCOME
| Donations Grants Other Voluntary Income |
Unrestricted funds Restricted funds Total funds Total funds 2020 £ 2020 £ 2020 £ 2019 £ 1,276 2,050 3,326 29,472 4,315 77,806 82,121 38,995 1,562 398 1,960 1,381 7,153 80,254 87,407 69,848 |
|---|---|
3. CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2020 | 2020 | 2020 | 2019 | |
| £ | £ | £ | £ | |
| Staffing costs | - | 21,507 | 21,507 | 22,879 |
| Building repairs and maintenance | - | 2,500 | 2,500 | 469 |
| Training | - | 463 | 463 | 40 |
| Equipment | - | 6,729 | 6,729 | 7,925 |
| Office costs | 164 | 1,364 | 1,528 | 392 |
| Travel & subsistence | 9 | 5,109 | 5,118 | 6,694 |
| Promotion & publicity | - | 1,726 | 1,726 | 2,496 |
| Subscriptions | 19 | 772 | 791 | 137 |
| Examination fees | 200 | - | 200 | 200 |
| Consultancy | - | 24,178 | 24,178 | 17,113 |
| Bank charges | 135 | - | 135 | 155 |
| Other expenditure | 3,243 | 4,197 | 7,440 | 6,152 |
| Total Direct Costs | 3,770 | 68,545 | 72,315 | 64,652 |
| NET INCOMING RESOURCES / (RESOURCES EXPENDED) | ||||
| This is stated after charging: | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Auditor's remuneration | 200 | 200 |
4. NET INCOMING RESOURCES / (RESOURCES EXPENDED)
During the year, no Directors received any remuneration (2019 - £NIL). During the year, no Directors received any benefits in kind (2019 - £NIL). During the year, no Directors received any reimbursement of expenses (2019 - £NIL).
Page 13
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
5. DEBTORS:
| Debtors 6. CREDITORS: Amounts falling due within one year Creditors Intercompany |
2020 £ - - 2020 £ 416 478 894 |
2019 £ 1,165 |
|---|---|---|
| 1,165 | ||
| 2019 £ 290 1,688 |
||
| 1,977 |
7. STATEMENT OF FUNDS
| Unrestricted funds Restricted funds: Food Youth Nunny Money Friends 20 Most Vulnerable Imagination Library Simon Consultancy Breakfast Clubs Hub & Family Support Holiday Activities |
Brought Forward Transfers between funds Income 2020 Expenditure 2020 Carried Forward £ £ £ £ 1,624 176 7,153 (3,770) 5,183 23 (23) - - - 2,984 - 10,000 (2,672) 10,312 5,180 - - (430) 4,750 1,415 - 343 (1,658) 100 150 - - (139) 11 1,782 - - (867) 915 9,670 - 9,547 (12,868) 6,349 2,566 - 1,530 (2,613) 1,483 9,959 - 58,834 (47,229) 21,411 223 (153) - (69) 154 |
|---|---|
| 35,576 - 87,407 (72,315) 50,668 |
8. 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: Wintringham. Copies of these financial statement can be obtained from its registered office at 1 Kennington Road, London, SE1 7QP.
Page 14
OASIS COMMUNITY HUB: WINTRINGHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
OCP’s principle objectives are to:
-
To deliver integrated community development work in a number of targeted neighbourhoods across the country
-
To grow and develop Oasis hubs across the country
-
To facilitate regional improvement networks
-
To ensure the Oasis Ethos is promoted nationally and that best practise is implemented throughout the hubs.
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: Wintringham, 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:
-
To ensure that the national group of organisations is governed well and in accordance with Oasis theology and ethos
-
To maintain the cohesion of the family of Oasis organisations by ensuring that the Oasis ethos is understood and implemented across the group of organisations
-
To grow and develop Oasis hubs
-
To promote the corporate message of Oasis
From September 2020 the Ultimate Parent of the group is Oasis Charitable Trust (OCT). Further information is given in the Post Balance Sheet note 10 below.
8. RELATED PARTY TRANSACTIONS
At year end there is a balance of £478 (2019: £1,688) owed by the Hub to Oasis Community Partnerships.
There were no other related party transactions.
9. 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: Wintringham continues to be a subsidiary of Oasis Community Partnership, which is a subsidiary of the ultimate parent, Oasis Charitable Trust.
Page 15