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← Oasis Lord's Hill

2024-08-31-accounts

Charity number: 1138872 Registered number: 7236269

OASIS LORD’S HILL

(A company limited by guarantee)

DIRECTORS’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

OASIS LORD’S HILL

(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 – 22

OASIS LORDS HILL

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS

FOR THE YEAR ENDED 31 AUGUST 2024

Directors / Trustees

J Fuller G Crooks N Fayle (appointed 09/07/2024) B Simmonds

Company registered number

07236269

Charity registered number

1138872

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 LORD’S HILL (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) present their annual report together with the financial statements of Oasis Lord’s Hill (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 1138872. The Company was dormant until the transfer of the Oasis Down to Earth farm in September 2017.

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 TRUSTEES

The management of the Company is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association. The appointment of new directors is at the discretion of the existing directors (and/or the Guarantor).

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

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 Lord’s Hill (the Company) is a company limited by guarantee, whose registered number is 7356565. It is also a registered charity, number 1138872. The Company is governed by a Memorandum and Articles of Association of 27 April 2010. The Company is controlled by the Directors who are also the Trustees. Oasis Community Partnerships is the sole member and guarantor. The Company does not have a share capital. Directors are appointed by a majority of Directors or the Guarantor. The Directors have delegated the day to day activity of the Company to the Hub Leader, but retain responsibility for major strategic and governance decisions.

The Company was established in furtherance of Oasis Charitable Trust and Oasis Community Partnership’s intention to deliver individual and community transformation through local community hubs. As each Hub will need to respond to the issues and needs arising in their own locality, and in order to engage local involvement, each Hub will operate as an independent legal entity but expressing the consistent ethos of Oasis.

Page 2

OASIS LORD’S HILL (A company limited by guarantee)

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

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. Currently the current cost of living crisis is the largest risk to the organisation, however actions have been taken to mitigate this risk. The Hub has been very successful in accessing emergency funding and relief grants and as a result is in a very strong financial position for the next 12 months. The Directors consider that Oasis Lord’s Hill 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 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 in 2023/24

Oasis Lords Hill comprises of Oasis Southampton City Farm working as part of the local Oasis Hub alongside Oasis Academy Lords Hill and a preschool. There have been several significant developments and achievements at the Farm and in the wider development of community provision from the hub this year.

In partnership with Oasis Academy Lords Hill a new Strategic Community Development lead has been in post since April 2024. Working across Southampton to build connections and develop the Oasis community provision. This leadership capacity is supporting the ongoing development of the farm and identifying potential new programmes and opportunities to support our local community. That enable us to fulfil the Oasis vision of being a place where everyone is included, making a contribution, and reaching their Godgiven potential.

The Farm’s provision has developed considerably in the last year. The appointment of an Education Lead and Community Lead have increased the capacity to develop the offer at the farm and this is leading to increased visitor numbers and a greater range of provision. As the farm develops, we are ensuring that it keeps the feel of being a sanctuary within an urban area and continues to bring hope and calm to its users.

Adult Day Service

The day service for adults with different needs runs 2 times a week. These groups are supported to take an active role in the day to day running of the farm. Including animal care, maintenance, garden and craft activities.

Page 3

OASIS LORD’S HILL (A company limited by guarantee)

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

Alternative Provision

We offer a tailored learning provision to support our most vulnerable students from Oasis Academy Lords Hill and from other schools and academies in the city on a one to one and group basis. The new education lead has increased bookings for this from schools across the area and we are now at capacity and running a waiting list. We have also launched a group for children who are home educated which is proving popular and providing a valuable service to families, many of whom are home educating in response to their child’s social and emotional needs.

Great Oaks special needs college bring groups to visit 4 times a week to enjoy the space and learn about animal care, as well as boost mental wellbeing.

Holiday and Youth Provision This year has been our busiest yet for holiday provision. The summer holidays saw a growth in our offer. With 440 places attended by 145 different children over a 5-week period. These children benefited from 880 hot nutritious meals and taking part in different activities on the farm, learning new skills and being physically active. For the first time this year we a ran an additional holiday club specifically for children with additional needs. A regular youth club and animal care club have enabled children and young people to attend the farm at weekends and build their skills and knowledge of animal care and farming.

Public Opening and Events The farm site has developed over the year with more for visitors to see and do. Over the course of the year, we have gained 2 new piglets, Margaret and Marigold, ducklings and new Nubian goats. We also still have a range of small animals, with the guinea pigs and reptiles particularly. The garden area has also been developed with the addition of a maze made of raised beds that improve accessibility for all and an increase in the produce grown. We have opened a café and shop area, selling crafts, souvenirs and farm produce, to visitors. A farm trail and craft activities are also available to visitors. Children’s parties are also a popular part of our offer with bookings increasing for this. We have hosted incredibly successful open days this year. Teaming up with Dream Empire events, who organise stall holders has increased the advertising reach. We welcomed over 1200 visitors to each of the spring and summer open days. Weekend and holiday visitor numbers have also increased this year with more people from the community enjoying access to the farm.

Volunteering The farm enjoys the support of almost 60 volunteers. They are involved in animal care, maintenance, gardening and supporting the running of sessions. This year we have developed a volunteer ambassador programme with more experienced volunteers receiving extra training and now supporting new volunteers. We also offer supported volunteering opportunities to those referred by social prescribers and other organisations. We also take animal care students for placements. This summer we ran a successful volunteer celebration event, offering a BBQ and Axe throwing to thank our volunteers and foster a greater sense of community among them. This year we have also launched a youth volunteer programme with a team of 12 young people volunteering at weekends.

The Farm Site Discussions continue with Southampton City Council to obtain a new lease. We hope to come to an agreement with the council in the coming months. There have been ongoing meetings with the Council and with all the Green Lane Site users to try and resolve this issue and get a new lease in place. We have also instigated monthly site user meetings so that we are working together more effectively and sharing the site well. We have continued to develop the outside space at the farm including the construction of outdoor animal handling areas, a new rabbit enclosure and a garden maze. Corporate days and funders have supported these developments.

Wider Hub Provision Developing community provision beyond the farm has been a focus since May 2024. Good connections are being built within the community with other statutory and voluntary youth service providers and community groups. As a result of this we played an active part in summer youth activity and consultation sessions in partnership with Youth Options.

Page 4

OASIS LORD’S HILL (A company limited by guarantee)

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

Developing Children and Young People voice has been an area of focus and opportunity. Pupils from Lords hill Academy have taken part in consultation to influence the direction of future priorities, and 30 Year 10 students had the opportunity to work with The Children’s Society to understand how they can use their voice further to influence decision making.

Relationship of Oasis Lord’s Hill to other Oasis companies

The Hub has two relationships with the wider Oasis group:

  1. With the national group of Oasis organisations.

  2. With the Oasis Community Partnerships group.

These 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.

At a national level, Oasis Charitable Trust is responsible for all Oasis’ activities in the UK and is the parent company for three national subsidiaries. These are:

  1. Oasis Community Learning – a multi-academy 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 Lord’s Hill is a local subsidiary of Oasis Community Partnerships, which, in the same way as the group structure, is also a hybrid model. This enables sharing of resources, best practice and central support functions while Oasis Lord’s Hill operates locally in order to respond appropriately to the needs of the local area. As a result, Oasis Lord’s Hill benefits from higher quality and cheaper infrastructure than it would be able to access as entirely standalone organisation.

Oasis Lord’s Hill is governed by a local board of trustees, who are accountable for the financial management of the Hub, overseeing the development of projects to meet local needs and ensuring that those projects benefit from any funds raised.

Financial review

Total income for the year ended 31 August 2024 amounted to £311,371 (2023: £208,132). Expenditure amounted to £245,413 (2023: £222,341). The overall result is a surplus of £65,958 (2023: £14,209 deficit), leaving retained funds of £161,172 (2023: £95,214).

Page 5

OASIS LORD’S HILL (A company limited by guarantee)

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

Reserves

It is the intention of the Directors that, in due course, Oasis Lord’s Hill retain sufficient funds to cover the running costs for three months, which we estimate to be around £61,350. At 31 August 2024, the charity held unrestricted funds, being the free reserves, of £161,172 (2023: £95,214) and restricted reserves of £nil (2023: £nil).

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 income are committed and furthermore, the Directors are confident that costs will only be incurred to the extent that funding is secured. The Directors are confident that the Hub has adequate resources to continue operating for the foreseeable future and, for this reason, the Trustees continue to adopt the going concern basis in preparing the accounts.

Plans for the future

Our increased leadership capacity at the farm and for the wider hub work will enable us to explore new development in the coming year. Our focus will be on building provision around holistic family support, young people’s wellbeing and young people’s voice and leadership. All within the Oasis ethos of being inclusive, treating people with respect, being hopeful that things can change and having a long-term perspective. The farm provision will be a central part of these plans, but we are also aiming to broaden provision and build wider partnerships within the community.

Holistic Family Support: We will be building links with other providers in the area to ensure families have access to basic needs support at times of need. Seek funding that will support sessional staff to run additional community groups. Including a stay and play and kinship carer group with the local parish church. There will also be a focus on the continued development of family and community opportunities at the farms. Including improved visitor experiences and a toddler group. The development of the farm site including increasing signage to make visits more interesting and inclusive these include signs with BSL signs on them. We are also hoping to develop our garden to include more gardening opportunities for farm users and provide outreach into the community supporting improved physical environments and increased physical activity.

In addition, we are planning to deliver the Oasis Encounter Programme to support parents to build positive relationships with their children.

Discussions continue with Southampton City Council to obtain a new lease. We hope to come to an agreement with the council in the coming months so that we can begin to make decisions about investing in our buildings to create a warmer, environmentally friendly and versatile space that will support all our users. We will also have a continued focus on developing the outside space at the farm, improving enclosures, building an outdoor classroom and adding a reflective space in the garden.

Young People’s Well-being: The farm’s offer to young people will continue to form the central focus of our work for Young People’s wellbeing. Including offering alternative provision sessions to groups and individuals to all the Southampton Oasis academies and to other young people in the city. We are also building a partnership with the Youth Justice Team at Southampton City Council with the view to be able to offer AP for young people in the justice system. We also plan to have a specific Farm Youth Lead role in post this year.

We will be launching 2 new well-being groups with Short Breaks funding to enable young people 11 -16 and young adults 16-25 to benefit from the farm whilst waiting for support for mental health services.

Page 6

OASIS LORD’S HILL (A company limited by guarantee)

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

We will continue to offer holiday provision in school holidays and will adjust our model of funding for these changes (as HAF funding is being reviewed nationally) to work to ensure that this continues to support vulnerable families within our communities.

In addition to the farm’s provision, we are planning to work with the academy to design and deliver support to pupils whose attendance is between 80-85% to support increased attendance. It is likely that this will be part of a mentoring programme that supports wellbeing and helps young people access other opportunities in school, at the farm and in the wider community.

Young People’s Voice and Participation : Building on the work already undertaken as part of the Oasis Aspirations programme at Lords hill Academy we will deliver the voice aspect of the project. In conjunction with The Children’s Society Year 11 pupils will have the opportunity to influence policy recommendations around the Child Poverty Bill and we are hoping they will be able to travel to the Houses of Parliament to present this.

Children and Young People’s voice will also be developed within the hub council and at the farm. At the farm this will build on the youth volunteering opportunities already in place so young people can directly contribute to the development of projects.

Responding to the community consultation undertaken with young people in Summer 2024 we will be seeking to develop provision in partnership with others that responds to the things young people in the community said. Including a focus on litter in the area, having different activities to take part in and events that help to bring the community together.

These plans will all respond to local feedback and fits the local context. It will be done with local people to bring a sense of hope and empowerment that enables all to thrive.

Statement of Directors’ responsibilities

The Directors (who are also trustees of Oasis Lord’s Hill 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 7

OASIS LORD’S HILL (A company limited by guarantee)

TRUSTEES’ REPORT (INCORPORATING A DIRECTORS' REPORT) (continued) 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 to 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 February 2025 and signed on their behalf by:

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John Fuller
Director [fe]
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Page 8

OASIS LORD’S HILL (A company limited by guarantee)

AUDIT REPORT TO THE MEMBERS OF OASIS LORD’S HILL

Opinion

We have audited the financial statements of Oasis Lord’s Hill (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 9

OASIS LORD’S HILL (A company limited by guarantee)

Independent Auditor’s Report to the Members of Oasis Lord’s Hill

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 10

OASIS LORD’S HILL (A company limited by guarantee)

Independent Auditor’s Report to the Members of Oasis Lord’s Hill

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 11

Independent Auditor’s Report to the Members of Oasis Lord’s Hill

OASIS LORD’S HILL (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 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: 24/02/2025

Page 12

OASIS LORD’S HILL (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:
Charitable income
2
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
3
TOTAL EXPENDITURE
NET (EXPENDITURE)/INCOME FOR THE
YEAR, BEING NET MOVEMENT IN
FUNDS
Total funds at 1 September 2023
TOTAL FUNDS AT 31 AUGUST 2024		 Unrestricted
funds
Restricted
funds
2024
£
2024
£
311,371
-
311,371
-		 Unrestricted
funds
Restricted
funds
2024
£
2024
£
311,371
-
311,371
-		 Unrestricted
funds
Restricted
funds
2024
£
2024
£
311,371
-
311,371
-		 Unrestricted
funds
Restricted
funds
2024
£
2024
£
311,371
-
311,371
-		 Total
funds
2024
£
311,371
311,371		 Total
funds
2023
£
208,132

208,132

222,341
245,413
245,413
65,958
95,214
161,172		 -
-		 245,413
245,413
65,958
95,214
161,172

222,341
-
-		 (14,209)
109,423
- 95,214

The notes on pages 16 to 22 form part of these financial statements.

Page 13

OASIS LORD’S HILL (A company limited by guarantee)

T Registered number: 7236269

BALANCE SHEET AS AT 31 AUGUST 2024

2024 2024 2023 2023 2023
Note £ £ £ £
CURRENT ASSETS
Cash at bank 148,578 83,082
Debtors 5 31,730 26,927
180,308 110,009
CREDITORS:amounts falling due within
one year 6 (19,136) (14,795)
NET CURRENT ASSETS 161,172 95,214
NET ASSETS 161,172 95,214
CHARITY FUNDS
Restricted funds - -
Unrestricted funds 7 161,172 95,214
TOTAL FUNDS 161,172 95,214

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 21 February 2025 and signed on their behalf, by:

John Fuller Director

The notes on pages 16 to 22 form part of these financial statements.

Page 14

OASIS LORD’S HILL (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
83,079
65,496
2024
£
Cash flows from operating activities
Net (expenditure)/income for the year
65,958
Reconciliation to cash generated from operations
Increase in debtors
(4,803)
Increase in creditors
4,341
Net cash used in operating activities
65,496
Cash flow statement
Net cash used in operating activities
65,496
Net increase in cash in the year
65,496
Reconciliation of net cash flow movements to net funds
Net increase in cash in the year
65,496
At 1 September
83,082
At 31 August
148,578
Consisting of:
Bank Accounts
148,578
148,578		 2023
£
(14,209)
(3,938)
1,725
(16,422)
(16,422)
(16,422)
(16,422)
99,504
83,082
83,082
83,082
31 August
2024
£
148,578

The notes on pages 16 to 22 form part of these financial statements.

Page 15

OASIS LORD’S HILL (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, 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. Details of the principal activities of the company are given within the Trustees’ Report. The accounts have been prepared in GBP and have been rounded to the nearest pound.

1.3 Going concern

The financial statements have been prepared on a going concern basis. The Directors have considered the risks to the farm, including the current crisis around the increased cost of living and the ability for the farm to carry out its activities. The Directors have confirmed that the major sources of income are committed. Furthermore, the Directors are confident that costs can be managed and controlled to ensure that there is more than sufficient secured income to cover these costs. The Directors are confident that the farm has adequate resources to continue operating for the foreseeable future and, for this reason, the Directors continue to adopt the going concern basis in preparing the accounts.

1.4 Fund accounting

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

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

1.5 Income

Income from charitable activities 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 is probable. Income from donations is recognised on receipt. Gifts and donations are recognised when receivable and grant income is recognised in the period applicable for the grant funding

Page 16

OASIS LORD’S HILL (A company limited by guarantee)

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

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:

• Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Hub’s operations and activities.

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 LORD’S HILL (A company limited by guarantee)

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

2. INCOME

3. Donations
Income from Charitable Activities:
Grants
ALD Sessions
Entrance fees and open days
Venue hire income
Other charitable income
Total Charitable Income
CHARITABLE ACTIVITIES
Wages and salaries
National insurance
Pension cost
Cross charged staffing costs
Premises costs
Building Repairs & Maintenance
Telephone and internet costs
Staff training
Vet Fees
Office costs
Equipment
Consumable supplies
Travel & Subsistence
Animal feed
Management fees
Audit fee
Bank fees
Other expenditure
Total		 Unrestricted
funds
2024
£
15,653
119,735
96,243
76,150
3,295
295		 Restricted
funds
2024
£
-
-
-
-
-
-		 Total
funds
2024
£
15,653
119,735
96,243
76,150
3,295
295
311,371
Total
funds
2024
£
138,713
8,982
7,962
-
9,551
-
3,309
2,855
1,478
808
5,280
26,589
1,775
4,708
23,496
3,750
331
5,826
245,413		 Total
funds
2023
£
14,358
73,889
57,838
30,120
31,500
427
311,371 - 208,132
Unrestricted
funds
2024
£
138,713
8,982
7,962
-
9,551
-
3,309
2,855
1,478
808
5,280
26,589
1,775
4,708
23,496
3,750
331
5,826		 Restricted
funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
2023
£
112,428
7,725
6,058
16,787
11,704
-
4,318
1,180
1,564
796
802
26,348
3,247
5,119
11,832
3,450
277
8,706
245,413 - 222,341

The company has no 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 Lord’s Hill are recharged to the company. No employee received remuneration amounting to more than £60,000 in the year (2023: nil). The Hub leader and deputy are the key management personnel and the salary and pension cost of key management personnel for the year are £36,399 (2023: £59,292).

Page 18

OASIS LORD’S HILL (A company limited by guarantee)

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

CHARITABLE ACTIVITIES (continued)

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.

During the year the average number of employees was 11 (2023: 6).

4. NET (EXPENDITURE)/INCOME

This is stated after charging:

Auditor's remuneration 2024
2023
£
£
3,150
3,000

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

5. DEBTORS:

Trade debtors
Amounts owed from OCL
CREDITORS:
Amounts falling due within one year
Trade creditors
Amounts owed to OCP
MOVEMENT IN FUNDS - 2024
Unrestricted funds
Restricted funds		 2024
2023
£
£
22,470
4,291
9,260
22,636
31,730
26,927
2024
2023
£
£
9,366
11,590
9,770
3,205
19,136
14,795
Brought
Forward
Income
2024
Expenditure
2024
Carried
Forward
£
£
£
£
95,214
311,371
(245,413)
161,172
-
-
-
-
95,214
311,371
(245,413)
161,172		 2023
£
4,291
22,636
26,927
2023
£
11,590
3,205
14,795

6. CREDITORS: Amounts falling due within one year

7. MOVEMENT IN FUNDS - 2024

Page 19

OASIS LORD’S HILL (A company limited by guarantee)

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

7. MOVEMENT IN FUNDS (continued) - 2023

Unrestricted funds
Restricted funds		 Brought
Forward
Income
2022
Expenditure
2022
Carried
Forward
£
£
£
£
101,775
208,132
(214,693)
95,214
7,648
-
(7,648)
-
109,423
208,132
(222,341)
95,214

8. ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2024

Current assets
Current liabilities		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2024
2024
2024
2023
£
£
£
£
180,308
-
180,308
110,009
(19,136)
-
(19,136)
(14,795)
161,172
-
161,172
95,214

ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2023

Current assets
Current liabilities		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2023
2023
2023
2022
£
£
£
£
102,361
7,648
110,009
122,493
(7,147)
(7,648)
(14,795)
(13,070)
95,214
-
95,214
109,423

Page 20

OASIS LORD’S HILL (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

9. ULTIMATE 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 Lord’s Hill. 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 Lords Hill, 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 principal objectives are to:

10. RELATED PARTY TRANSACTIONS

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

• An amount of £nil (2023: £11,081) was paid by Oasis Lord’s Hill to Oasis Community Learning for consultants working within the Hub. At the year-end a balance of £9,260 (2023: £22,636) was owed by Oasis Community Learning to Oasis Lord’s Hill.

• An amount of £155,657 (2023: £126,211) was paid by Oasis Lord’s Hill to Oasis Community Partnerships for staff working within the Hub. At year-end a balance of £9,770 (2023: £3,205) was owed from Oasis Lord’s Hill to Oasis Community Partnerships.

Page 21

OASIS LORD’S HILL (A company limited by guarantee)

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

11. STATEMENT OF FINANCIAL ACTIVITIES – COMPARATIVES

Note
INCOME FROM:
Charitable income
2
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
3
TOTAL EXPENDITURE
NET INCOME FOR THE YEAR, BEING NET
MOVEMENT IN FUNDS
Total funds at 1 September 2022
TOTAL FUNDS AT 31 AUGUST 2023		 Unrestricted
funds
2023
£
208,132
208,132		 Unrestricted
funds
2023
£
208,132
208,132		 Restricted
funds
2023
£
-
-		 Restricted
funds
2023
£
-
-		 Total
funds
2023
£
208,132

208,132
222,341

222,341
(14,209)
109,423
95,214
214,693
214,693
(6,561)
101,775
95,214		 7,648
7,648
(7,648)
7,648
-

Page 22