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2024-08-31-accounts

Registered number: 7236762 Charity number: 1138871

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1
Trustees’ report (incorporating a Directors' report) 2 – 9
Independent auditor’s report 10 – 13
Statement of financial activities 14
Balance sheet 15
Statement of cashflows 16
Notes to the financial statements 17 – 24

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

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

Directors

G Walker P Rose L M Dawes

Company registered number

07236762

Charity registered number

1138871

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

K Agar

Independent Auditor

Mercer & Hole LLP 21 Lombard Street London EC3V 9AH

Page 1

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

The Directors (who are also Trustees of the charity for the purposes of the Charities Act) present their annual report together with the audited financial statements of Oasis Community Hub: Hadley (the company) for the year ended 31 August 2024. The Trustees confirm that the Annual report and financial statements of the company comply with the Companies Act 2006 and Charities Act 2011, the requirements of the company's governing document and the provisions of the Charities SORP 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Structure, governance and management

a. CONSTITUTION

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 27 April 2010 and is a registered charity number 1138871.

The principal objects of the Company are the advancement for the public benefit of education and health, the preservation and protection of public health generally, the relief of persons who are in need, hardship or distress and the prevention and relief of poverty.

The Directors confirm that they have paid due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when setting the charity’s objectives and planning its activities.

b. METHOD OF APPOINTMENT OR ELECTION OF 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, Oasis Community Partnerships).

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF DIRECTORS

Policies for the induction and training of new directors follow those of the ultimate parent, Oasis Charitable Trust.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Oasis Community Hub: Hadley (the Company) is a company limited by guarantee, whose registered number is 7236762. It is also a registered charity, number 1138871. The Company is governed by a Memorandum and Articles of Association of 27th April 2010. The Company is controlled by the Directors who are also the Trustees. Oasis Community Partnerships is the founding member and guarantor. The Company does not have a share capital. Directors are appointed by a majority of other Directors or by 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 the purpose of each Hub is to respond to the issues and needs arising in its own locality, each Hub operates as an independent legal entity but within the Oasis group of organisations and expressing consistently the ethos of Oasis.

e. RISK MANAGEMENT

The Directors have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 2

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

The Directors consider that Oasis Community Hub: Hadley has adequate resources to continue in operational existence for the foreseeable future and, for this reason, the Directors continue to adopt the going concern basis in preparing the accounts.

Objectives and Activities

The objective of the company is to operate as a catalyst for community transformation by facilitating improvements in the lives of individuals and growth in community activity and cohesion. This will be achieved by identifying and understanding the needs and strengths within the community and by applying the Oasis Ethos to everything. The Oasis Ethos is:

Oasis Hubs will typically include activities in education, youth and children’s work, community empowerment, housing, advice and support, personal and spiritual development and health and wellbeing.

Achievements and performance for 2023/24

The vision for Oasis Community Hub: Hadley is 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.

The Hub is in the London borough of Enfield, our work incorporates two Oasis Academies, OA Hadley and OA Enfield, as well as the variety of children, youth and community projects and services delivered through the Oasis Community Hub: Hadley charity.

The Community Hub incorporates three key strands of work across the community, Hadley Youth, Hadley Families and Hadley Communities and this is delivered by a team of 12 Community, Youth and Family practitioners.

Hadley Youth

Hadley Youth Club

We started the year with a new team structure, due to a key funding stream coming to an end. This meant there was a reduced provision going into September 2023. However, the Hadley Youth Project has had a good year with many positive outcomes. Through open access provision, the team seeks to build and support relationships with young people to improve life opportunities, engage the most vulnerable, create pathways of support that increase recognised skills. From a base of positive relationships, the team support targeted needs and work holistically with young people to identify areas where they have strengths, areas where they need encouragement and any potential risk factors at an early stage. All the work carried out is preventative in order that further invention will not be needed in the future.

The Youth Centre offers additional support daily to local young people, adding value to the work of the academies. We are lucky to have the support of our Principals at Oasis Academy Hadley and Oasis Academy Enfield and can continue this supportive work. The youth club continues to deliver out of the new local authority owned Ponders End Youth Centre and we are delivering regular sessions across term time and holiday periods.

Page 3

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

Our Regular Projects include.

Due to the successful application process to the New Deal for Young People fund we have been able to increase our mentoring provision and recruited two new mentors to join our team. This allowed the team to return to full capacity with a slightly different focus.

Attendance has held steady over the last year across our general provision. However we have seen an increase in numbers at our junior sessions, which has highlighted a need for activities for younger children.

Due to our partnership with London Borough of Enfield we have moved our Holiday Activity and Food Fund Sessions to run only at Oasis Academy Enfield. This has increased in popularity and supported the enrichment of Oasis Academy Enfield students. These sessions run throughout the winter, Easter, and summer breaks. The holiday sessions included a hot meal each day, recipe cards for food parcels and activities including sports, leadership training, cooking, and outdoor trips.

Project Number of Young People
OAE HAF Programmes 33
Communityand AcademyMentoring 68
HadleyYouth Club Open Access 743 activeyoung people

Oasis Youth Support at North Middlesex Hospital (OYS @ North Mid)

OYS @ North Mid supports any young person aged 11 to 24 who attend Accident & Emergency due to violent crime or suspected gang involvement. The youth workers offer all young people one-to-one support and work with them for 24 to 48 weeks. They engage with the young people around behaviour patterns, school life, home life, confidence and self-esteem issues and build strategies that help support change. OYS @ North Mid continues to go from strength to strength.

OYS @ North Mid Numbers
Consultation and signposting 96
Intensive longer-term support 77
Young People continuing to engage from
previous year		 67

Page 4

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

Hadley Communities and Families

This year we have continued to fully utilise our Community Spaces on South Street, Ponders End. We have continued to offer a Community Café for the people attending the food pantry, ensuring they get a warm drink and some food while they are waiting to enter the food pantry. 208 families accessed our food pantry throughout the year.

The Community outreach team alongside several valuable volunteers has continued to facilitate the following groups; Knit and Natter, Stay and Play and English classes. Even with reduced staffing capacity the team are still running the Hadley Luncheon Club, which provides a hot lunch and social activity for older residents in the area, 29 individuals access this provision on a regular basis. Group membership has stayed steady this year and has allowed us to offer targeted support for these regular members. The relationships we have developed across this provision have been vital in reducing isolation and loneliness.

As in previous years, the highlight of our Community Outreach Programmes has been our Family Fun Holiday Club which includes a hot meal for all who attend. With the funding we received from a Children in Need Small Grant, we have been able to return to full delivery. The funding supports the provision of 21 family sessions across the year, supporting 93 individuals.

Challenges

Funding has been a challenge for Oasis Community Hub: Hadley and this year the Community Youth Team has been through a restructure. This has reduced the team from 4.5 members to 2.5 members. The start of the 2023-24 financial year we have been working to embed the new team into our community.

The Hub Leader continues to develop the fundraising strategy and draws on support from the trustees and leadership team to implement this.

Page 5

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

1. Relationship of Oasis Community Hub: Hadley to other Oasis companies

The Hub has three relationships with the wider Oasis group:

  1. With the national group of Oasis organisations.

  2. With the Oasis Community Partnerships group.

  3. With Oasis Academy Hadley and Enfield

These relationships are described below as follows

1.1 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.

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 trust 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.

1.2 The Oasis Community Partnerships group

Within this group structure, Oasis Community Partnerships is responsible for all of Oasis’ community development work in the UK. It is the national holding company for 20 local Oasis Community Hubs and one Trading Company, delivering integrated community development work in a number of targeted neighbourhoods across the country.

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

1.3 Oasis Community Hub: Hadley and its partnership with Oasis Academies Hadley and Enfield

Oasis Community Hub: Hadley is governed by a local board of trustees, who oversee all the operational activities and the financial management of the Hub, ensuring that projects are designed to meet local needs and that those projects benefit from any funds raised. As explained above, Oasis Community Hub: Hadley is a subsidiary of Oasis Community Partnerships, which, in turn, is a subsidiary of Oasis Charitable Trust.

Oasis Community Hub: Hadley delivers integrated community development work in Ponders End and Enfield Lock, Enfield and in particular the community surrounding Oasis Academy Hadley (an all-through school) and Oasis Academy Enfield (Secondary), part of the Oasis Community Learning multi-academy trust. One objective of the Hub is to provide wrap around care for students and their parents/carers at the Academies. Therefore, Oasis Community Hub: Hadley works in close partnership with Oasis Academies Hadley and Enfield in order to provide integrated and holistic community transformation.

Page 6

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

Financial review

Total income for the year ended 31 August 2024 amounted to £548,228 (2023: £567,869). Expenditure amounted to £568,671 (2023: £683,492). The overall result is a deficit of £20,443 (2023: £115,623 deficit) leaving retained funds of £334,316 (2023: £354,759).

Reserves

The Directors continue to review the Hub’s need for reserves in line with the guidance issued by the Charity Commission and have adopted a policy to set aside funds of approximately three months running costs which we estimate to be £142,200 (2022/23: £171,000). Many staff are working on restricted projects and therefore the three months running costs are held within restricted funds. We have sufficient reserves to guard against unexpected downturns in financial performance. The total level of funds as at 31 August 2024 is £334,316 (2023: £354,759), with unrestricted funds of £9,240 (2023: £15,823) and restricted funds of £325,076 (2023: £338,936). The reserves policy has therefore been met.

Going concern

The Directors have considered the risks to the Hub, including the current crisis around the increased cost of living and the ability for the Hub to carry out its activities. 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.

Page 7

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

Plans for the future

The Core Leadership Team is developing a new hub vision that will follow a three-year plan. It will have three distinct strands that all link together to form the wider hub vision. These strands are reflected in our project names, Hub Communities, Hub Families and Hub Youth.

In partnership with Enfield Council and the Youth and Family Hub as well as local community groups we are planning to develop a community space in Ponders End that facilitates the local community groups and empowers them to transform their local area. We will create a sustainable approach to this new community space in Ponders End, encouraging co-working spaces, shared usage and greater partnership working.

We will continue to develop the Hub Council membership and support them to get their voice in the wider community and further develop our new team of volunteers finding them routes into employment where appropriate.

A key task is to ensure the license to occupy secured is secure funding for the wider work of the community hub, ensuring we can continue to run the much-needed activities for our young people and intergenerational work in the area.

And finally, we will continue to grow the work that we deliver in the Enfield Lock area to include a small food pantry, mentoring and family support work, additional youth activities that complement what local partners are doing in the area, communal cooking and social networking.

DIRECTORS' RESPONSIBILITIES STATEMENT

The Directors (who are also Trustees of Oasis Community Hub: Hadley for the purposes of charity law) are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 8

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

PROVISION OF INFORMATION TO AUDITOR

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:

AUDITOR

The directors have agreed the continuation of the existing audit arrangement and in accordance with the company's articles, a resolution proposing that Mercer & Hole LLP be reappointed as auditor of the company will be put at a General Meeting.

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 21 January 2025 and signed on their behalf by:

L DAWES

Director

Page 9

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

AUDIT REPORT TO THE MEMBER OF OASIS COMMUNITY HUB: HADLEY

Opinion

We have audited the financial statements of Oasis Community Hub: Hadley (the ‘charitable company’) for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cashflows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 10

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

Independent Auditor’s Report to the Members of Oasis Community Hub: Hadley

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report or the Trustees’ Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purpose of company law), are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

Independent Auditor’s Report to the Members of Oasis Community Hub: Hadley

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Based on our understanding of the company and industry, we identified that the principal risks of noncompliance with laws and regulations related to breaches in Health & Safety and General Data Protection Regulations, and we considered the extent to which non-compliance may have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure, and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Page 12

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our audit report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Cain , Senior Statutory Auditor

For and on behalf of Mercer & Hole LLP, Statutory Auditor

Mercer & Hole LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

21 Lombard Street London EC3V 9AH

Date: 30/01/2025

Page 13

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2024

Note
INCOME FROM:
Donations and grants
2
Charitable activities
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
3
TOTAL EXPENDITURE
NET (EXPENDITURE)/INCOME FOR THE
YEAR, BEING NET MOVEMENT IN FUNDS
Transfers between funds
Total funds at 1 September 2023
TOTAL FUNDS AT 31 AUGUST 2024		 Unrestricted
funds
2024
£
462
63,534
Restricted
funds


2024
£
483,818
414
Restricted
funds


2024
£
483,818
414		 Total
funds
2024
£
484,280
63,948		 Total
funds
2023
£
475,735
92,134
63,996 484,232 548,228 567,869
70,579 498,092 568,671 683,492
70,579 498,092 568,671 683,492
(6,583)
15,823		 (13,860)
338,936		 (20,443)
-
354,759		 (115,623)
-
470,382
9,240 325,076 334,316 354,759

The notes on pages 17 to 24 form part of these financial statements.

Page 14

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

Registered Number: 7236762

BALANCE SHEET AS AT 31 AUGUST 2024

Note
CURRENT ASSETS
Debtors
6
Cash at bank
CREDITORS:amounts falling due within
one year
7
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
8
Unrestricted funds
8
TOTAL FUNDS
£
216,492
143,608		 2024
£
334,316
£
137,004
248,983		 2023
£

354,759
360,100
(25,784)		 385,987
(31,228)
334,316 354,759
325,076
9,240		 338,936
15,823
334,316 354,759

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.

The financial statements were approved by the Directors on 21 January 2025 and signed on their behalf, by:

L DAWES

Director

The notes on pages 17 to 24 form part of these financial statements.

Page 15

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 AUGUST 2024

Analysis of changes in net debt:
1 September
2023
Cash flows
£
£
Cash and cash equivalents
248,983
(105,375)
2024
£
Cash flows from operating activities
Net (expenditure) for the year
(20,443)
Reconciliation to cash generated from operations
(Increase)/decrease in debtors
(79,488)
(Decrease) in creditors
(5,444)
Net cash (used in) operating activities
(105,375)
Cash flow statement
Net cash (used in) operating activities
(105,375)
Net (decrease) in cash in the year
(105,375)
Reconciliation of net cash flow movements to net funds
Net (decrease) in cash in the year
(105,375)
At 1 September
248,983
At 31 August
143,608
Consisting of:
Bank Accounts
143,608
143,608		 2023
£
(115,623)
93,237
(35,786)
(58,172)
(58,172)
(58,172)
(58,172)
307,155
248,983
248,983
248,983
31 August
2024
£
143,608

The notes on pages 17 to 24 form part of these financial statements.

Page 16

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

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

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Company status

The company is a company limited by guarantee, incorporated and domiciled in the UK and is a public benefit entity. Oasis Community Partnerships is the sole member of the company. The address of the registered office is 1 Kennington Road, London, SE1 7QP. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.3 Going concern

The Directors have considered the risks to the Hub, including the current crisis around the increased cost of living, and these include the ability for the Hub to carry out its activities. In reviewing the going concern no material uncertainty has been identified. Sufficient funds are held and there are no future material uncertainties relating to future income and therefore we consider it is appropriate to adopt the going concern approach and the company will continue to adopt the going concern basis in preparing the financial reports.

1.4 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the objectives of the company and have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund.

1.5 Income

Income is included in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy and the likelihood of receipt of the income is probable. Income includes gifts and donations and grants. Gifts and donations are recognised when receivable and grant income is recognised in the period applicable for the grant funding.

1.5.1 Government Grants Where no performance conditions relating to the receipt of the grant, the grant revenue is recognised when received.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

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

Page 17

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

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

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Hub’s operations and activities.

1.7 Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.

1.8 Debtors

1.10 Creditors and provisions

1.11 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.

1.12 Critical accounting judgements and key sources of estimation uncertainty

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

Page 18

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

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

2. DONATIONS AND GRANTS

Donations
Grants
Total income		 Unrestricted
funds
2024
£
-
462
Restricted
funds


2024
£
14,054
469,764		 Total
funds
2024
£
14,054
470,226		 Total
funds
2023
£
11,756
463,979
462 483,818 484,280 475,735

3. CHARITABLE ACTIVITIES

Gross Salaries
National Insurance
Pension Contributions
Consultancy
Training costs
Bank charges
Rent payable
Utility costs
Governance costs
Equipment costs
Travel, subsistence and accommodation
Communication costs
Subscriptions
Sundry consumable supplies
Publicity and promotion
Management fees
General office costs
The costs above are classified as:
Direct
Costs
2024
£
Total
500,566		 Unrestricted
funds
2024
£
53,796
6,169
3,766
630
315
92
-
-
2,375
338
982
-
1,609
32
-
-
475		 Unrestricted
funds
2024
£
53,796
6,169
3,766
630
315
92
-
-
2,375
338
982
-
1,609
32
-
-
475		 Restricted
funds
2024
£
302,162
26,819
18,306
17,271
1,868
-
10,327
3,176
2,000
3,696
4,298
1,806
306
12,144
323
47,628
45,962		 Restricted
funds
2024
£
302,162
26,819
18,306
17,271
1,868
-
10,327
3,176
2,000
3,696
4,298
1,806
306
12,144
323
47,628
45,962		 Total
funds
2024
£
355,958
32,988
22,072
17,901
2,183
92
10,327
3,176
4,375
4,034
5,280
1,806
1,915
12,176
323
47,628
46,437		 Total
funds
2023
£
414,098
37,790
27,314
39,349
1,110
233
5,750
3,228
3,980
3,161
3,020
2,223
1,917
18,682
298
55,845
65,494
70,579 498,092 568,671 683,492
Support
Costs
2024
£
63,730		 Governance
costs
2024
£
4,375		 Total
costs
2024
£
568,671		 Total
costs
2023
£
683,492

Page 19

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

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

4. NET (EXPENDITURE)/INCOME

This is stated after charging:

Auditor's remuneration 2024
£
3,675
3,675		 2023
£
3,500
3,500

During the year, no Director received any remuneration, benefits in kind or reimbursement of expenses (2023: £nil).

5. STAFF NUMBER AND EMOLUMENTS

Staff emoluments
Social security costs
Pension costs
Total		 Total
2024
£
355,958
32,988
22,072		 Total
2023
£
414,098
37,790
27,314
411,018 479,202

The company has no direct employees other than the directors who did not receive any remuneration during the year (2023: nil). All staff are employed by Oasis Community Partnerships, the immediate parent undertaking, and the cost of those staff employed by Oasis Community Partnerships but who work for Oasis Community Hub: Hadley are recharged to the company. The Hub leader is the key management personnel and the salary and pension cost of key management personnel for the year are £63,730 (2023: £111,733).

During the year the average number of employees was 13 (2023: 17). One employee received remuneration amounting to more than £60,000 in the year (2023: one).

The pension costs above relate to a defined contribution scheme, which is operated by Oasis Charitable Trust and were all charged to unrestricted or restricted expenditure, depending on the project the staff member is attributed to.

6. DEBTORS

Trade debtors
Accrued income
Intercompany OCP		 2024
£
49,782
155,017
11,693
216,492		 2023
£
11,964
125,040
-
137,004

Page 20

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

7. CREDITORS: Amounts falling due within one year

Trade creditors
Deferred income
Amounts owed to OCP		 2024
£
14,939
10,845
-
25,784		 2023
£
17,743
-
13,485
31,228

8. MOVEMENT IN FUNDS - 2024

Unrestricted funds
Restricted funds:
Mdx Hospital
Youthwork – CIN
Youthwork
Community Programmes
Reserves
Hub Leader funds
CIN – Holiday Club
Total restricted funds
 Brought
Forward
£
Transfers
between
funds
£
Income
2024
£
Expenditure
2024
£
Carried
Forward
£
15,823
-
63,996
(70,579)
9,240
73,393
-
338,210
(294,303)
117,300
28,146
-
-
(17,363)
10,783
88,052
-
124,581
(134,339)
78,294
76,155
-
11,475
(35,053)
52,577
24,000
-
-
-
24,000
41,646
-
-
(13,054)
28,592
7,544
-
9,966
(3,980)
13,530		 Brought
Forward
£
Transfers
between
funds
£
Income
2024
£
Expenditure
2024
£
Carried
Forward
£
15,823
-
63,996
(70,579)
9,240
73,393
-
338,210
(294,303)
117,300
28,146
-
-
(17,363)
10,783
88,052
-
124,581
(134,339)
78,294
76,155
-
11,475
(35,053)
52,577
24,000
-
-
-
24,000
41,646
-
-
(13,054)
28,592
7,544
-
9,966
(3,980)
13,530		 Brought
Forward
£
Transfers
between
funds
£
Income
2024
£
Expenditure
2024
£
Carried
Forward
£
15,823
-
63,996
(70,579)
9,240
73,393
-
338,210
(294,303)
117,300
28,146
-
-
(17,363)
10,783
88,052
-
124,581
(134,339)
78,294
76,155
-
11,475
(35,053)
52,577
24,000
-
-
-
24,000
41,646
-
-
(13,054)
28,592
7,544
-
9,966
(3,980)
13,530		 Brought
Forward
£
Transfers
between
funds
£
Income
2024
£
Expenditure
2024
£
Carried
Forward
£
15,823
-
63,996
(70,579)
9,240
73,393
-
338,210
(294,303)
117,300
28,146
-
-
(17,363)
10,783
88,052
-
124,581
(134,339)
78,294
76,155
-
11,475
(35,053)
52,577
24,000
-
-
-
24,000
41,646
-
-
(13,054)
28,592
7,544
-
9,966
(3,980)
13,530		 Brought
Forward
£
Transfers
between
funds
£
Income
2024
£
Expenditure
2024
£
Carried
Forward
£
15,823
-
63,996
(70,579)
9,240
73,393
-
338,210
(294,303)
117,300
28,146
-
-
(17,363)
10,783
88,052
-
124,581
(134,339)
78,294
76,155
-
11,475
(35,053)
52,577
24,000
-
-
-
24,000
41,646
-
-
(13,054)
28,592
7,544
-
9,966
(3,980)
13,530
338,936 - 484,232 (498,092) 325,076
354,759 - 548,228 (568,671) 334,316

The Middlesex Hospital fund is to support any young people aged between 11 and 24 that attend the A&E due to violent crime or suspected gang involvement. The young people are offered support and coaching looking at behaviour patterns, home life and other aspects of their well-being. Funds have been set aside to cover future salaries of the youth workers. The carry over fund will be spent in the first quarter of the new financial year.

The Hadley Youthwork project runs sessions at two youth centres where employment skills workshops and motor vehicle workshops are run for the youths. The fund is to cover future salaries of the staff.

Further details of all projects are given on page 4 of the Trustees’ report.

Page 21

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

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

MOVEMENT OF FUNDS – 2023

Transfers
Brought between
Income		 Expenditure Carried
Forward funds 2022 2022 Forward
£ £ £ £ £
Unrestricted funds 27,131 - 63,021 (74,329) 15,823
Restricted funds:
Mdx Hospital 107,124 - 334,909 (368,640) 73,393
Youthwork – CIN 32,466 - 46,731 (51,051) 28,146
Youthwork 190,521 - 27,554 (130,023) 88,052
Community Programmes 59,843 - 54,742 (38,430) 76,155
Reserves 24,000 - - - 24,000
Hub Leader funds 25,733 - 30,923 (15,010) 41,646
CIN – Holiday Club 3,564 - 9,990 (6,010) 7,544
Employability - - - - -
Total restricted funds 443,251 - 504,849 (609,164) 338,936
470,382 - 567,870 (683,493) 354,759
ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2024
Restricted
Unrestricted		 Total
funds funds funds
2024 2024 2024
£ £ £
Current assets 349,132 10,968 360,100
Current liabilities (24,056) (1,728) (25,784)
325,076 9,240 334,316

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2024

ANALYSIS OF NET ASSETS BETWEEN FUNDS – 2023

Current assets
Current liabilities		 Restricted
funds
2023
£
369,949
(31,013)		 Unrestricted
funds
2023
£
16,038
(215)
Total
funds
2023
£
385,987
(31,228)
354,759
338,936 15,823

Page 22

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

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

10. ULTIMATE AND IMMEDIATE PARENT UNDERTAKING

The company is a wholly owned subsidiary of Oasis Community Partnerships (OCP), a company incorporated in England (registered number 08749179) and a registered charity (number 1163889). OCP is the immediate parent company and has the power to appoint and remove trustees. Oasis Community Partnership prepares consolidated financial statements and this is the smallest group for which accounts are prepared that incorporate Oasis Community Hub: Hadley. Copies of these financial statement can be obtained from its registered office at 1 Kennington Road, London, SE1 7QP.

OCP’s principal objectives are to:

Oasis 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: Ashburton Park, and this is the largest group for which accounts are prepared that include this company. Copies of the Oasis Charitable Trust group financial statements are available from its registered office at 1 Kennington Road, London, SE1 7QP.

OCT’s principle objectives are to:

11. RELATED PARTY TRANSACTIONS

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

12. OPERATING LEASES

The hub have a shop front lease, which expires in December 2024. The site is undergoing re-development. At the reporting date the Hub had outstanding commitments for future lease payments under non-cancellable operating leases of £1,750 (2023: £5,250). This is the period from September 2024 to December 2024 when the lease expires.

Page 23

OASIS COMMUNITY HUB: HADLEY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

13. STATEMENT OF FINANCIAL ACTIVITIES – COMPARATIVES

Note
INCOME FROM:
Donations and grants
2
Charitable activities
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
3
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE) FOR THE
YEAR, BEING NET MOVEMENT IN
FUNDS
Transfers between funds
Total funds at 1 September 2022
TOTAL FUNDS AT 31 AUGUST 2023		 Unrestricted
funds
2023
£
2,382
60,639		 Restricted
funds
2023
£
473,353
31,495		 Total
funds
2023
£
475,735
92,134		 Total
funds
2022
£
671,702
35,216
63,021 504,848 567,869 706,918
74,329 609,163 683,492 629,989
74,329 609,163 683,492 629,989
(11,308)
-
27,131		 (104,315)
-
443,251		 (115,623)
-
470,382		 76,929
-
393,453
15,823 338,936 354,759 470,382

Page 24