# **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 2025**
## **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 – 8|
|**Independent auditor’s report**|9 – 12|
|**Statement of financial activities**|13|
|**Balance sheet**|14|
|**Statement of cashflows**|15|
|**Notes to the financial statements**|16 – 23|
## **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 2025**
## **Directors**
G Walker (resigned 21 January 2025) P Rose L M Dawes
S Ravi Varma (appointed 12 November 2024)
## **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 3 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 2025**
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 2025. 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 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 2025**
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:
- A passion to include everyone.
- A desire to treat everyone equally, respecting differences.
- A commitment to healthy and open relationships.
- A deep sense of hope that things can change and be transformed.
- A sense of perseverance to keep going for the long haul.
Oasis Hubs will typically include activities in education, youth and children’s work, community empowerment, housing, advice and support, personal and spiritual development and health and wellbeing.
## **Achievements and performance for 2024/25**
At Oasis Community Hub: Hadley, we aim to transform our local community into a place where everyone feels included, valued, and connected. Working in partnership with Oasis Academies Hadley and Enfield, we deliver a wide range of children’s, youth, and community projects through three key strands—Hadley Youth, Hadley Families, and Hadley Communities—led by a dedicated team of 12 practitioners committed to creating meaningful change and lasting impact.
## **Hadley Youth**
## **Hadley Youth Project**
The Hadley Youth Project delivered positive outcomes for hundreds of young people through open-access provision that builds trust, identifies strengths, and addresses risks early. Our preventative, holistic approach reduces future interventions, while our Youth Centre and Ponders End Hub provide regular term-time and holiday programs in partnership with local schools.
Our Core Projects
- **Youth Club (Mon & Tue)** – Open-access sessions (15:30–19:30) focused on social skills, positive relationships, and peer support.
- **Partnership Youth Club (Wed)** – Co-led with Enfield Youth Development Service, offering workshops and focused activities.
- **Bell Lane Youth Centre** – Community-based open-access sessions (16:00–18:00).
- **Targeted Accredited Workshops** – Cooking, sports, arts, and life skills.
- **Girls Work** – Activities tailored to the needs of girls and young women.
- **1:1 Mentoring** – In-school and community-based mentoring by youth workers or trained volunteers.
- **Group Mentoring & Short Projects** – Six-week programs on wellbeing, safety, and relationships, delivered in schools.
- **Young Leaders Programme** – Developing leadership skills and volunteering opportunities.
- **Residential Trips** – Outdoor experiences that build confidence and teamwork.
- **Holiday Activities** – Sports, cooking, leadership training, and outdoor trips at Oasis Academy Enfield.
- **Junior Club** – Open sessions for 8–13-year-olds every Friday.
Page 3
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2025**
- **After-School Football Clubs** – For ages 8–11.
## **Why Our Model Works**
One of our greatest strengths is the **consistent presence of youth workers** in spaces where young people feel comfortable—schools, community hubs, and local centres. This continuity means young people can move through different projects based on their needs and interests, from **1:1 support during challenging times** to **skills-based clubs and leadership programs** .
Unlike external agencies, our embedded youth workers can **follow up on concerns** , work in partnership with schools and families, and provide ongoing support that makes a real difference.
## **Impact in Numbers**
- **OAE Holiday Activity & Food Programmes:** 78 young people
- **Community and Academy Mentoring:** 73 young people
- **Hadley Youth Club Open Access:** 623 young people
Attendance remains strong across all projects, and we are proud to deliver from a modern, purpose-built facility at Ponders End Youth & Family Hub—ideally located near schools and transport links. Our reach has expanded beyond Oasis Academy Hadley students to include young people from schools across the borough. Our partnership with the London Borough of Enfield has strengthened our Holiday Activity and Food Fund sessions, now hosted exclusively at Oasis Academy Enfield. These sessions have grown in popularity, offering **hot meals, recipe cards, sports, leadership training, and outdoor trips** during winter, Easter, and summer breaks.
## **Oasis Youth Support at North Middlesex Hospital (OYS @ North Mid)**
OYS @ North Mid provides **specialist support for young people aged 11–24** who attend Accident & Emergency as a result of violence, aggression, or exploitation. Our team works holistically to **identify and reduce risk factors** , offering immediate care and connecting young people to **sustainable networks of support within their communities** .
This approach ensures that vulnerable young people are not left isolated after a crisis but instead receive **consistent, long-term help** to rebuild safety and stability in their lives.
## **Impact in Numbers**
- **Consultation and Signposting:** 123 young people
- **Intensive Longer-Term Support:** 69 young people
- **Continuing Engagement from Previous Year:** 27 young people
## **Hadley Communities and Families**
This year brought significant change as our lease on community spaces ended due to the regeneration of Ponders End. While this was a challenge, it also created an opportunity: we strengthened our partnership with the Local Authority Youth & Family Hub, which now hosts many of our core projects in a modern, accessible space.
## **Supporting Families in Need**
Our **Community Café** continues to provide a warm, welcoming environment for those accessing the food cupboard. Families enjoy a hot drink and snack while waiting for pantry services, ensuring dignity and care during difficult times. Over the year, **180 families** accessed our food pantry, led by our dedicated Family Support Worker and a team of local volunteers.
Page 4
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Early Years Engagement**
We deliver a weekly **Rhyme Time** session for parents and carers with preschool children at the Youth & Family Hub. These sessions not only support early learning but also introduce families to a wide range of services available on-site.
Our **Stay & Play** sessions at Oasis Academy Hadley remain popular, offering fun, safe spaces for young children while raising awareness of the school’s nursery and primary phases as future education options. **Holiday Activities for Families**
During school holidays, our Family Support Team runs clubs for families with children under 10. These sessions include sports, games, arts and crafts, and offsite trips—always ending with a shared hot meal, reinforcing our commitment to community and togetherness.
## **Challenges**
This year brought significant transitions for Oasis Community Hub: Hadley.
- **Loss of Community Space:** The regeneration of Ponders End meant we had to vacate our dedicated community spaces, reducing some activities. However, this challenge opened the door to **stronger partnerships** with the Local Authority Youth & Family Hub, enabling us to continue delivering core projects in a shared space.
- **Leadership Changes:** Staff changes within our leadership team prompted a review of working arrangements, resulting in **improved project delivery and collaboration** .
- **Funding Uncertainty:** As the year closes, future funding streams remain unclear. To address this, our Hub Leader is actively developing a **fundraising strategy** with support from trustees and the leadership team.
## **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.
Page 5
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2025**
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.
## **Financial review**
Total income for the year ended 31 August 2025 amounted to £649,488 (2024: £548,228). Expenditure amounted to £639,391 (2024: £568,671). The overall result is a deficit of £21,827 (2024: £20,443 deficit) leaving retained funds of £344,413 (2024: £334,316).
## **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 £164,725 (2023/24: £142,200). 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 2025 is £312,489 (2024: £334,316), with unrestricted funds of £19,331 (2024: £9,240) and restricted funds of £293,158 (2024: £325,076). 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 6
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Plans for the future**
Looking ahead, we are committed to **growth, sustainability, and deeper community impact** .
- **New Hub strategic plan:** Our Core Leadership Team is shaping a three-year plan built around three interconnected strands— **Communities, Families, and Youth Work** —to guide our work and amplify our impact.
- **Strengthening Governance and Volunteering:** We will continue to evolve the **Hub Council model** , recruit and support members to amplify community voices, and develop volunteer pathways into employment where possible.
- **Securing Funding:** A key priority is securing a **licence to occupy and sustainable funding** to maintain essential youth and intergenerational activities.
## **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:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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 7
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **TRUSTEES’ REPORT (INCORPORATING A DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2025**
## **PROVISION OF INFORMATION TO AUDITOR**
Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:
- so far as that Director is aware, there is no relevant audit information of which the charitable company's auditor is unaware, and
- that Director has taken all the steps that ought to have been taken as a Director in order to be aware of any information needed by the charitable company's auditor in connection with preparing its report and to establish that the charitable company's auditor is aware of that information.
## **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 15 April 2026 and signed on their behalf by:
## **L M DAWES**
Director
Page 8
**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 2025 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:
- give a true and fair view of the state of the charitable company’s affairs as at 31 August 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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 9
**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:
- the information given in the Trustees’ Report, which includes the Directors’ Report prepared for the purposes of Company Law for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Directors’ Report which is included in the Trustees’ Report, has been prepared in accordance with applicable legal requirements.
## **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:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit, or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees’ Report and from the requirement to prepare a Strategic Report.
## **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 10
**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**
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company’s internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.
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**OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view).
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **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.
Steve Robinson _, 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
3 Lombard Street London EC3V 9AH Date: 13 May 2026
Page 12
## **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 2025**
|**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 2024_
**TOTAL FUNDS AT 31 AUGUST 2025**|**Unrestricted**
**funds**
**2025**
**£**
**5,815**
**75,681**|
**Restricted**
**funds**
**2025**
**£**
**509,420**
**58,572**|
**Restricted**
**funds**
**2025**
**£**
**509,420**
**58,572**|**Total**
**funds**
**2025**
**£**
**515,235**
**134,253**|_Total_
_funds_
_2024_
_£_
_484,280_
_63,948_|
|---|---|---|---|---|---|
||**81,496**|**567,992**||**649,488**|_548,228_|
||**71,405**|**567,986**||**639,391**|_568,671_|
||**71,405**|**567,986**||**639,391**|_568,671_|
||**10,091**
**-**
_9,240_|**6**
**-**
_325,076_||**10,097**
_-_
_334,316_|_(20,443)_
_-_
_354,759_|
||**19,331**|**325,082**||**344,413**|_334,316_|
The notes on pages 16 to 23 form part of these financial statements.
Page 13
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **Registered Number: 7236762**
## **BALANCE SHEET AS AT 31 AUGUST 2025**
|**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**|
**£**
**199,012**
**154,083**|**2025**
**£**
**344,413**|
_£_
_216,492_
_143,608_|_2024_
_£_
_334,316_|
|---|---|---|---|---|
||**353,095**
**(8,682)**||_360,100_
_(25,784)_||
||||||
|||**344,413**||_334,316_|
|||**325,082**
**19,331**||_325,076_
_9,240_|
|||**344,413**||_334,316_|
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 15 April 2026 and signed on their behalf, by:
## **L M DAWES**
Director
The notes on pages 16 to 23 form part of these financial statements.
Page 14
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 AUGUST 2025**
|**Analysis of changes in net debt:**
**1 September**
**2024**
**Cash flows**
**£**
**£**
Cash and cash equivalents
_143,608_
**10,475**
**2025**
**£**
**Cash flows from operating activities**
Net income/(expenditure) for the year
**10,097**
Reconciliation to cash generated from operations
Decrease/(increase) in debtors
**17,480**
Decrease in creditors
**(17,102)**
**Net cash generated/(used in) operating activities**
**10,475**
**Cash flow statement**
Net cash generated/(used in) operating activities
**10,475**
**Net (decrease) in cash in the year**
**10,475**
**Reconciliation of net cash flow movements to net funds**
Net increase/(decrease) in cash in the year
**10,475**
At 1 September
_143,608_
**At 31 August**
**154,083**
Consisting of:
Bank Accounts
**154,083**
**154,083**|_2024_
_£_
_(20,443)_
_(79,488)_
_(5,444)_|
|---|---|
||_(105,375)_|
||_(105,375)_|
||_(105,375)_|
||_(105,375)_
_248,983_|
||_143,608_|
||_143,608_|
||_143,608_|
||**31 August**
**2025**
**£**
**154,083**|
The notes on pages 16 to 23 form part of these financial statements.
Page 15
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **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 16
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
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**
- 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.
- **1.9 Cash at bank and in hand**
- Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.10 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.
## **1.11 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**
- In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.
In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.
Page 17
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **2. DONATIONS AND GRANTS**
|Donations
Grants
Total income
**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**
**2025**
**£**
Total
**570,725**||**Unrestricted**
**funds**
**2025**
**£**
**-**
**5,815**
**5,815**
**Unrestricted**
**funds**
**2025**
**£**
**47,453**
**5,986**
**3,447**
**5,455**
**-**
**441**
**-**
**-**
**4,410**
**279**
**1,177**
**587**
**826**
**294**
**50**
**-**
**1,000**|**Unrestricted**
**funds**
**2025**
**£**
**-**
**5,815**|**Unrestricted**
**funds**
**2025**
**£**
**-**
**5,815**|
**Restricted**
**funds**
**2025**
**£**
**4,016**
**505,404**|
**Restricted**
**funds**
**2025**
**£**
**4,016**
**505,404**|**Total**
**funds**
**2025**
**£**
**4,016**
**511,219**|_Total_
_funds_
_2024_
_£_
_14,054_
_470,226_
_484,280_
_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_
_568,671_
_Total_
_costs_
_2024_
_£_
_568,671_|
|---|---|---|---|---|---|---|---|---|
||||**5,815**||**509,420**||**515,235**||
||||||**Restricted**
**funds**
**2025**
**£**
**336,217**
**35,550**
**22,701**
**18,040**
**190**
**-**
**-**
**3,466**
**317**
**4,149**
**11,240**
**303**
**204**
**2,830**
**807**
**89,301**
**42,671**||**Total**
**funds**
**2025**
**£**
**383,670**
**41,536**
**26,148**
**23,495**
**190**
**441**
**-**
**3,466**
**4,727**
**4,428**
**12,417**
**890**
**1,030**
**3,124**
**857**
**89,301**
**43,671**||
|||**71,405**|||**567,986**||**639,391**||
|||**Support**
**Costs**
**2025**
**£**
**63,939**||**Governance**
**costs**
**2025**
**£**
**4,727**|||**Total**
**costs**
**2025**
**£**
**639,391**||
Page 18
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **4. NET (EXPENDITURE)/INCOME**
This is stated after charging:
|Auditor's remuneration|**2025**
**£**
**4,410**
**4,410**|_2024_
_£_
_3,675_|
|---|---|---|
|||_3,675_|
During the year, no Director received any remuneration, benefits in kind or reimbursement of expenses (2024: £nil).
## **5. STAFF NUMBER AND EMOLUMENTS**
|Staff emoluments
Social security costs
Pension costs
Total|**Total**
**2025**
**£**
**383,670**
**41,536**
**26,148**|_Total_
_2024_
_£_
_355,958_
_32,988_
_22,072_|
|---|---|---|
||**451,354**|_411,018_|
The company has no direct employees other than the directors who did not receive any remuneration during the year (2024: 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 £58,672 (2024: £63,730).
During the year the average number of employees was 14 (2024: 13). No employees received remuneration amounting to more than £60,000 in the year (2024: 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|**2025**
**£**
**6,800**
**168,717**
**23,495**
**199,012**|_2024_
_£_
_49,782_
_155,017_
_11,693_|
|---|---|---|
|||_216,492_|
Page 19
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **7. CREDITORS:**
## **Amounts falling due within one year**
|Trade creditors
Deferred income|**2025**
**£**
**8,682**
**-**
**8,682**|_2024_
_£_
**14,939**
**10,845**|
|---|---|---|
|||**25,784**|
## **8. MOVEMENT IN FUNDS - 2025**
|**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**
**2025**
**£**
**Expenditure**
**2025**
**£**
**Carried**
**Forward**
**£**
_9,240_
**-**
**81,496**
**(71,405)**
**19,331**
_117,300_
**-**
**354,469**
**(321,349)**
**150,420**
_10,783_
**(10,783)**
**-**
**-**
**-**
_78,294_
**10,783**
**171,758**
**(200,959)**
**59,876**
_52,577_
**13,530**
**10,980**
**(17,086)**
**60,001**
_24,000_
**-**
**-**
**-**
**24,000**
_28,592_
**-**
**30,785**
**(28,592)**
**30,785**
_13,530_
**(13,530)**
**-**
**-**
**-**|**Brought**
**Forward**
**£**
**Transfers**
**between**
**funds**
**£**
**Income**
**2025**
**£**
**Expenditure**
**2025**
**£**
**Carried**
**Forward**
**£**
_9,240_
**-**
**81,496**
**(71,405)**
**19,331**
_117,300_
**-**
**354,469**
**(321,349)**
**150,420**
_10,783_
**(10,783)**
**-**
**-**
**-**
_78,294_
**10,783**
**171,758**
**(200,959)**
**59,876**
_52,577_
**13,530**
**10,980**
**(17,086)**
**60,001**
_24,000_
**-**
**-**
**-**
**24,000**
_28,592_
**-**
**30,785**
**(28,592)**
**30,785**
_13,530_
**(13,530)**
**-**
**-**
**-**|**Brought**
**Forward**
**£**
**Transfers**
**between**
**funds**
**£**
**Income**
**2025**
**£**
**Expenditure**
**2025**
**£**
**Carried**
**Forward**
**£**
_9,240_
**-**
**81,496**
**(71,405)**
**19,331**
_117,300_
**-**
**354,469**
**(321,349)**
**150,420**
_10,783_
**(10,783)**
**-**
**-**
**-**
_78,294_
**10,783**
**171,758**
**(200,959)**
**59,876**
_52,577_
**13,530**
**10,980**
**(17,086)**
**60,001**
_24,000_
**-**
**-**
**-**
**24,000**
_28,592_
**-**
**30,785**
**(28,592)**
**30,785**
_13,530_
**(13,530)**
**-**
**-**
**-**|**Brought**
**Forward**
**£**
**Transfers**
**between**
**funds**
**£**
**Income**
**2025**
**£**
**Expenditure**
**2025**
**£**
**Carried**
**Forward**
**£**
_9,240_
**-**
**81,496**
**(71,405)**
**19,331**
_117,300_
**-**
**354,469**
**(321,349)**
**150,420**
_10,783_
**(10,783)**
**-**
**-**
**-**
_78,294_
**10,783**
**171,758**
**(200,959)**
**59,876**
_52,577_
**13,530**
**10,980**
**(17,086)**
**60,001**
_24,000_
**-**
**-**
**-**
**24,000**
_28,592_
**-**
**30,785**
**(28,592)**
**30,785**
_13,530_
**(13,530)**
**-**
**-**
**-**|**Brought**
**Forward**
**£**
**Transfers**
**between**
**funds**
**£**
**Income**
**2025**
**£**
**Expenditure**
**2025**
**£**
**Carried**
**Forward**
**£**
_9,240_
**-**
**81,496**
**(71,405)**
**19,331**
_117,300_
**-**
**354,469**
**(321,349)**
**150,420**
_10,783_
**(10,783)**
**-**
**-**
**-**
_78,294_
**10,783**
**171,758**
**(200,959)**
**59,876**
_52,577_
**13,530**
**10,980**
**(17,086)**
**60,001**
_24,000_
**-**
**-**
**-**
**24,000**
_28,592_
**-**
**30,785**
**(28,592)**
**30,785**
_13,530_
**(13,530)**
**-**
**-**
**-**|
|---|---|---|---|---|---|
||_325,076_|**-**|**567,992**|**(567,986)**|**325,082**|
||**_334,316_**|**-**|**649,488**|**(639,391)**|**344,413**|
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 20
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
_MOVEMENT OF 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_|
## **9. ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2025**
|Current assets
Current liabilities|**Restricted**
**funds**
**2025**
**£**
**328,739**
**(3,657)**|**Unrestricted**
**funds**
**2025**
**£**
**24,356**
**(5,025)**|**Total**
**funds**
**2025**
**£**
**353,095**
**(8,682)**
**344,413**|
|---|---|---|---|
||**325,082**|**19,331**||
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS – 2024**
|Current assets
Current liabilities|**Restricted**
**funds**
**2024**
**£**
**349,132**
**(24,056)**|**Unrestricted**
**funds**
**2024**
**£**
**10,968**
**(1,728)**|
**Total**
**funds**
**2024**
_£_
**360,100**
**(25,784)**
**334,316**|
|---|---|---|---|
||**325,076**|**9,240**||
Page 21
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **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:
- To deliver integrated community development work in a number of targeted neighbourhoods across the country.
- To grow and develop Oasis hubs across the country.
- To facilitate regional improvement networks.
- To ensure the Oasis Ethos is promoted nationally and that best practise is implemented throughout the hubs.
Oasis 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:
- To ensure that the national group of organisations is governed well and in accordance with Oasis theology and ethos.
- To maintain the cohesion of the family of Oasis organisations in the UK by ensuring that the Oasis vision, mission, and ethos is understood and implemented across the group of organisations.
- To lead the integration of work across the subsidiaries and to grow and develop Oasis Hubs – the Oasis model of community transformation.
- To promote the corporate message of Oasis.
## **11. RELATED PARTY TRANSACTIONS**
During the year the company made the following transactions with other group companies:
- An amount of £451,354 (2024: £411,018) was paid by the Hub to OCP in respect of staff recharges. In addition, £42,636 (2024: £41,496) was paid to OCP for management recharges to cover support from the service teams for the year. At year-end a balance of £23,495 (2024: £11,693) was owed to the Hub by OCP.
- An amount of £10,877 (2024: £12,073) was paid by the Hub to Oasis Academy Hadley in respect of staff recharges.
There were no other related party transactions.
Page 22
## **OASIS COMMUNITY HUB: HADLEY**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **12. STATEMENT OF FINANCIAL ACTIVITIES – COMPARATIVES**
|**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**|
|---|---|---|---|---|
||**63,996**|**484,232**||**548,228**|
||**70,579**|**498,092**||**568,671**|
||**70,579**|**498,092**||**568,671**|
||**(6,583)**
_15,823_|**(13,860)**
_338,936_||**(20,443)**
_-_
_354,759_|
||**9,240**|**325,076**||**334,316**|
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