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2022-08-31-accounts

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 2022

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 – 8
Examiners’ report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 – 16

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 2022

Directors

E Lamont (resigned 6 July 2022) B Simmonds (resigned 6 July 2022) N Goddard (resigned 6 July 2022) S Cross (appointed 11 November 2021) C Prendergast (appointed 5 July 2022) N Whittle (appointed 28 April 2022)

Company registered number

07237722

Charity registered number

1138869

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

DJ Parr (resigned 5 July 2022) K Simmonds (appointed 5 July 2022)

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 2022

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 2022. 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 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 2022

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 2022.

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:

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 2021/22

The vision for Oasis Community Hub: Wintringham is to endeavour to bring about community transformation; helping to create a local community where people of all ages and situations feel included, know they can contribute and realise a deep sense of belonging. We aim to achieve this through the delivery of a range of services and opportunities that respond to local need. Our Hub is particularly focussed on the South Ward of Grimsby

The work of the hub incorporates two Oasis Academies, OA Nunsthorpe and OA Wintringham, as well as the variety of projects and services that are run through the Oasis Community Hub. We are an organisation striving to be “of” its community and our staff, volunteers and trustees have connections to our local area or have lived experience of the kinds of social difficulties we support people to overcome.

As with every other charity, Oasis Community Hub Wintringham has been heavily impacted by the Covid-19 pandemic, especially we adapted to a new normal and things have quickly changed again to bring another national cost of living crisis. This has had a substantial impact on our work; most of the family support has again become focused around food and fuel poverty support, and we quickly had to adjust how we work. Our priority was making sure that our vital food, fuel poverty and pastoral support services were able to continue, whilst delivery of activities that enable people to come together again such as baby massage and peer to peer support also happened. Whilst this time has been significantly challenging; it has presented us with opportunities to serve our community in unique ways and allowed us to listen to the community needs and build great community empowerment.

Page 3

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2022

Breakfast club: Hub funding secured via Greggs provided free breakfasts for students at Oasis Academy Nunsthorpe before school as part of the talking breakfast. The breakfast club is important in two ways, it ensures that several vulnerable students are provided with something to fuel them first thing in the morning, and it enables Hub staff and volunteers to spend a bit of extra time building developmental relationships. Talking Breakfast allows us to offer breakfast to every student at Oasis Academy Nunsthorpe during term time.

Community Pantry & Food parcels : Through our partnerships with Fairshare the Hub runs a food pantry which opens two days a week on a Tuesday and Friday 10-12noon. 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 family is identified as urgently in need of a food parcel due to difficult circumstances, they can access support within 24 hours. This service has been vital during the past 12 months, providing 8040 meals. We also have a community fridge scheme which provides fresh goods such as bread, fruit, veg etc that is still good but would have been thrown away due to supermarkets best before dates.

Youth Provision : We provide a year-round open access youth club facility and holiday provision, which is attended by up to 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; 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. We were also able to re-start the ‘pop up boxing’ initiative in partnership with the local authority.

Family Support: The social and economic pressures of the Covid pandemic have been enormous for our families on low income, creating a perfect storm of financial hardship, lack of work, children not in school and none of the normal support networks. Our parents struggled with loss of income and the rising cost of living, struggling to pay for food, utilities, housing, and child related costs. Although the Covid crisis has subsided, we are now seeing the impact of the cost-of-living crisis. Our two main priorities this year continue to be pastoral support and emergency food, recognising that mental health and hunger were the real issues that families were dealing with. Our Family Support team were able to remove the barriers for families to navigate the support services available. This approach was invaluable in enabling us to identify families who were struggling, we were able to build relationships and provide holistic support to meet their needs and prevent escalation of challenges that families were experiencing. We ran 22 different activities with 63 sessions being delivered, such as baby massage, gardening, and cooking, engaging with whole families in activities that supported health and wellbeing and education. As the restrictions have eased, we have been able to re-instate one to one support sessions, begin a Family Links programme, start a Parent and Toddler group and a Grandparent/Carer group.

Community empowerment projects : We have continued to work alongside 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 small new income stream by selling pre-loved baby and small toddler clothes which are cleaned, steamed, and packaged then promoted on Facebook.

Community space : The Hub operates from a community space at OA Nunsthorpe which is being developed into a fully functioning multi-purpose space. This space is focused on community needs and several community projects are being developed to run from this space. We are looking into developing a letting strategy to support sustainability.

Page 4

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2022

Relationship of Oasis Community Hub: Wintringham 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 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:

  1. Oasis Community Learning – a multi-academy chain running 53 academies across England

  2. Oasis Community Partnerships – a charity delivering community development work

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

2. The Oasis Community Partnerships Group

Within this group structure, Oasis Community Partnerships is responsible for all of Oasis’ community development work in the UK. It is the national holding company for 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.

Page 5

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2022

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.

Financial review

These financial reports demonstrate the financial activity in the period September 2021 to August 2022. 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 2022 amounted to £102,050 (2021: £177,152).

Expenditure amounted to £1 (2021: £184,710). The overall result is a profit of £1,378 (2021: deficit of £7,558) leaving retained funds of £44,488 (2021: £43,110).

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 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

Building on learning and feedback from our community and moving forward our strategy over the next year is to build on our Community Empowerment work. There will be two strands to our strategy:

A youth empowerment programme which is aimed at young people aged 8-15 living in south ward, who are identified as vulnerable and where SEND/school exclusions/alternative education provision/NEET is an identified risk. We will be delivering 2 evenings a week a targeted youth provision that provides opportunities to broaden horizons through engaging in new activities such as sports, creative arts, and drama projects. We will deliver a youth leadership project supporting young people to develop leadership skills through incentivised volunteering & community action campaigns in the local neighbourhood. In addition, we will build on our mentoring programme supporting young people to progress towards a future where they are actively engaged and contributing. Our passion is to empower local people to develop their skills and knowledge and so as part of our youth programme we will be working with partners to develop a foundation course for youthwork, which will provide a great opportunity for community volunteers with aspirations to develop as Youth workers. We will also continue to provide a family holiday programme throughout the year.

Page 6

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2022

Our family empowerment programme will be aimed at families living in south ward, supporting them to overcome social and economic disadvantages and achieving their full potential. As part of the programme, we will continue to develop our family learning programme that empowers parents to look after the health, wellbeing, and education of their children. We will also continue to develop and deliver our activities that empower parents to develop positive social networks, take care of their own health and well-being, manage their home and money, and develop skills, knowledge, and confidence to be actively engage and contributing.

The cost-of-living emergency is a huge priority for our hub in 2022/23 by opening our doors as an Oasis Living Room throughout the week. Offering a safe, warm space that feels like a home from home, hub users can come in, make a drink, use the kitchen, use our computers, read a book, or play a game, all things that make our hub truly theirs. Our community food projects will address food poverty issues and provide a sustainable food provision.

Together as a team, with our community work, links with Oasis Academies, we will champion character transformation and personal and spiritual wellbeing throughout the Hub, focussing on developing people socially, spiritually, and morally through Oasis’ ‘9 Habits’ and Oasis Ethos.

DIRECTORS' RESPONSIBILITIES STATEMENT

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

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.

Page 7

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2022

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 18 January 2023 and signed on their behalf by:

S Cross Director

Page 8

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

EXAMINERS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2022

I report on the accounts of the charity for the year ended 31 August 2022.

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: 18 January 2023

Page 9

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 2022

Note
INCOME
Donations
2
Grants
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
Total funds at 1 September 2021
TOTAL FUNDS AT 31 AUGUST 2022		 Unrestricted
funds

2022
£
-
18,350
11,507		 Restricted
funds
Total
funds
Total
funds
2022
£
2022
£
2021
£

515
515
2,514

62,138
80,488
167,821

9,540
21,047
6,817
29,857
72,193
102,050
177,152
23,142
77,530
100,672
184,710

77,530
100,672
184,710

(5,337)
1,378
(7,558)

30,860
43,110
50,668

25,523
44,488
43,110
23,142
6,715
12,250
18,965

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

Page 10

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee) REGISTERED NUMBER: 7237722

BALANCE SHEET AS AT 31 AUGUST 2022

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
£
41,309
4,000		 2022

£



44,488
£
57,796
-		 2021

£


43,110
45,309
(821)		 57,796
(14,686)




44,488 43,110
25,523
18,965		 30,860
12,250
44,488 43,110

For the year ending 31/08/2022 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 18 January 2023 and signed on their behalf, by:

S Cross Director

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

Page 11

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

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 12

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

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.

1.8 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 nassets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

1.11 Reconciliation with previously accepted Generally Accepted Accounting Practice

In preparing the accounts, the directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. In their estimation, the impact of transitioning is not material to the financial statements and therefore the restatement of comparative items is not required. The transition date was 1 September 2014.

Page 13

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

2. INCOME

Donations
Grants
Other		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2022
£
2022
£
2022
£
2021
£
-
515
515
2,514
18,350
62,138
80,488
167,821
11,507
9,540
21,047
6,817
29,857
72,193
102,050
177,152

3. CHARITABLE ACTIVITIES

Staffing costs
Building repairs and maintenance
Training
Equipment
Office costs
Telephone costs
Summer holiday programme costs
Travel & subsistence
Consumable supplies
Promotion & publicity
Subscriptions
Examination fees
Management charges
Consultancy
Bank charges
Other expenditure
Total Direct Costs		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2022
£
2022
£
2022
£
2021
£
10,228
34,834
45,062
41,498
-
-
-
1,003
-
218
218
5,333
1,960
6,422
8,382
11,997
55
2,400
2,455
399
-
520
520
1,008
-
-
-
58,875
16
10,399
10,415
11,020
-
264
264
2,763
1,508
-
1,508
468
715
128
843
1,521
275
-
275
250
7,500
-
7,500
29,803
-
8,678
8,678
11,427
170
-
170
163
715
13,667
14,384
7,182
23,142
77,530
100,672
184,710

4. NET INCOMING RESOURCES / (RESOURCES EXPENDED)

This is stated after charging:

2022 2021
£ £
Auditor's remuneration 275 250
During the year, no Directors received any remuneration (2021 - £NIL).
During the year, no Directors received any benefits in kind (2021 - £NIL).

During the year, no Directors received any reimbursement of expenses (2021 - £NIL).

Page 14

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

5. DEBTORS:

Debtors
6.
CREDITORS:
Amounts falling due within
Creditors
Intercompany
7.
STATEMENT OF FUNDS
Unrestricted funds
Restricted funds:
Youth
Friends
Simon Consultancy
Breakfast Clubs
Hub & Family Support		 2021
2020
£
£
4,000
-
4,000
-
one year
2022
2021
£
£
328
13,552
493
1,134
821
14,686
Brought
Forward
Income
2022
Expenditure
2022
Carried
Forward
£
£
£
£
12,250
29,857
(23,142)
18,965
2,640
21,125
(11,973)
11,792
92
-
-
92
7,407
-
(7,407)
-
601
4,950
(4,564)
987
20,120
46,118
(53,586)
12,652
-
43,110
102,050
(100,672)
44,488		 2020
£
-
-
2021
£
13,552
1,134
14,686

Page 15

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

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.

OCP’s principle objectives are to:

Oasis Charitable Trust (OCT) is the Ultimate Parent and is a company incorporated in England (registered number 02818823) and a registered charity (registered charity number 1026487). Oasis Charitable Trust prepares consolidated financial statements which include the results of Oasis Community Hub: Wintringham, 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:

9. RELATED PARTY TRANSACTIONS

In the year the Oasis Community Partnerships charged £5,952 (2021 - £5,952) for recharged costs. At the year end there is a balance of £493 (2021: £1,134) owed by the Hub to Oasis Community Partnerships.

There were no other related party transactions.

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