OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Oasis Community Hub: Wintringham

2023-08-31-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 2023

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 2023

Directors

S Cross C Prendergast N Whittle L J Baxter (appointed 9 February 2023)

Company registered number

07237722

Charity registered number

1138869

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

K Simmonds

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 2023

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 2023. 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 2023

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 2022/23

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 current issues in the last few year, especially as we have had to respond quickly to the 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 2023

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 we have seen a increase in the take up on this over the last year with the following take up in each year group. Nursery and Reception = 97%

Year 1 = 91% Year 2 = 94% Year 3 = 87% Year 4 = 81% Year 5 = 92% Year 6 = 89%

Community Pantry & Food parcels : Through our partnerships with Fairshare, volunteer collections from Aldi and some amazing community donations this year 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 1134 adults and 1248 (2382) with 4 meals for 4 day = 38,112 meal meals. We also have a free food scheme as part of our community zero waste projects (funded by Orsted) 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 these items are put outside the community space and people are able to help themselves with no judgement or questions. On average we have distribute 10-12 supermarkets crates a week of fresh food to the local community.

“ We have a new baby and my wife is currently on maternity leave and I’m at college in my last year studying to be an electrician.

We saw your post about the free food outside, that is why I rang you to see where you were. We’re really struggling at the moment to feed ourselves as maternity pay isn’t much and this is a god send. With this food we can create a few dishes to see us through the next few days.

Youth Provision : We provide a year-round open access youth club facility and holiday provision, which is attended by up to 80 young people registered between 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 have ran Activities: 9 (Mentoring, Pop up Boxing, Cycle Maintenance, Discos, youth clubs),we have ran 238 sessions and had 213 Participants.

Family Support: The social and economic pressures of cost of living have been enormous for our families on low income, creating a perfect storm of financial hardship, lack of work, children not in school and trying to rebuild their 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.

Our two main priorities this year continue to be pastoral support and emergency food, recognising that mental health, hunger and warmth 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.

Page 4

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2023

We have listened to what our families have been telling us and grown our offer to ensure that we are able to engage with whole families in activities that supported health and wellbeing and education. We ran 17 different activities with 705 sessions being delivered, such as parent and baby session including stay and play, baby massage, Holiday activities, Training course such as First Aid, Makaton family link nurture programmes. Family support sessions linked with partners such as Employment, Benefit checks, housing support. Wellbeing sessions such as gardening, and cooking.

We have been able to support over 469 individuals through these sessions and can see the positive impact that it has had on their own household, wellbeing and the wider community.

Community empowerment and Zero waste 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. We have worked with a local group Branches for Change who are developing our pre-loved baby and small toddler clothes which are cleaned, steamed, and packaged then promoted on Facebook.

In June we teamed up with R-evolution charity to pursue the development of a community bike barn allowing us to repair and repurpose bikes back into the community in the first 5 weeks we saw the following outputs,

Number of Bike Fixes 68. Number of people engaged on the project 170. Number bike loans 21. (12 children bikes gifted to the project due to the demand for children’s bikes) Number of volunteer hours added to the project 35hrs.

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.

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.

Page 5

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2023

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.

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 2022 to August 2023. 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 2023 amounted to £187,595 (2022: £102,050).

Page 6

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2023

Expenditure amounted to £173,234 (2022: £100,672). The overall result is a profit of £14,361 (2022: £1,378) leaving retained funds of £58,849 (2022: £44,488).

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. 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. Many staff are working on restricted projects and therefore the three months running costs are held within both unrestricted and restricted funds. We have sufficient reserves to guard against unexpected downturns in financial performance.

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 and Zero waste work alongside looking at the way we sustain our youth 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 aim to deliver 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 bike 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.

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 again for our hub in 2023/24 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.

Page 7

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2023

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.

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 09/01/2024 and signed on their behalf by:

==> picture [81 x 58] intentionally omitted <==

S Cross Director

Page 8

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

EXAMINERS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2023

I report on the accounts of the charity for the year ended 31 August 2023

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

==> picture [140 x 63] intentionally omitted <==

Mr Matt Ryan, FCCA

32 High Street, Wendover, Bucks, HP22 6EA

Date: 08/04/2024

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 2023

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 2022
TOTAL FUNDS AT 31 AUGUST 2023		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds

2023
£
2023
£
2023
£
2022
£
1,136
4,560
5,696
515
11,750
155,638
167,388
80,488
6,406
8,105
14,511
21,047
19,292
168,303
187,595
102,050
36,634
136,600
173,234
100,672
36,634
136,600
173,234
100,672
(17,342)
31,703
14,361
1,378
18,965
25,523
44,488
43,110
1,623
57,226
58,849
44,488

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 2023

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
£
54,890
5,578		 2023

£



58,849
£
41,309
4,000		 2022

£
44,488
60,468
(1,619)		 45,309
(821)




58,849 44,488
57,226
1,623		 25,523
18,965
58,849 44,488

For the year ending 31/08/2023 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 09/01/2024 and signed on their behalf, by:

==> picture [81 x 58] intentionally omitted <==

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 2023

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 2023

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

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 2023

2. INCOME

Donations
Grants
Other		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2023
£
2023
£
2023
£
2022
£
1,136
4,560
5,696
515
11,750
155,638
167,388
80,488
6,406
8,105
14,511
21,047
19,292
168,303
187,595
102,050

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
2023
£
2023
£
2023
£
2022
£
14,567
51,549
66,116
45,062
414
-
414
-
1,168
359
1,527
218
6,359
12,360
18,719
8,382
295
2,816
3,111
2,455
611
212
823
520
-
-
-
-
1,380
15,797
17,177
10,415
-
20,184
20,184
264
918
972
1,890
1,508
706
140
846
843
300
-
300
275
8,000
18,210
26,210
7,500
150
4,685
4,835
8,678
259
-
259
170
1,507
9,316
10,823
14,384
36,634
136,600
173,234
100,672

4. NET INCOMING RESOURCES / (RESOURCES EXPENDED)

This is stated after charging:

Auditor's remuneration 2023
2022
£
£
300
275

During the year, no Directors received any remuneration (2022 - £NIL). During the year, no Directors received any benefits in kind (2022 - £NIL). During the year, no Directors received any reimbursement of expenses (2022 - £NIL).

Page 14

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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		 2022
2021
£
£
5,578
4,000
5,578
4,000
one year
2023
2022
£
£
864
328
755
493
1,619
821
Brought
Forward
Income
2023
Expenditure
2023
Carried
Forward
£
£
£
£
18,965
19,292
36,632
1,625
11,792
27,025
25,638
13,179
92
5,558
5,164
486
-
-
-
-
987
4,390
2,989
2,388
12,652
123,978
96,140
40,490
-
7,351
6,670
681
44,488
187,594
173,233
58,849		 2021
£
4,000
4,000
2022
£
328
493
821

Page 15

OASIS COMMUNITY HUB: WINTRINGHAM

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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 Oasis Community Partnerships charged £7,296 (2022 - £5,952) for recharged costs. At the year-end there is a balance of £755 (2022: £493) owed by the Hub to Oasis Community Partnerships.

There were no other related party transactions.

Page 16