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2022-08-31-accounts

Charity number: 1138901 Registered number: 07237600

OASIS COMMUNITY HUB: ASHBURTON PARK

(A company limited by guarantee)

DIRECTORS’ REPORT AND INDEPENDENTLY

EXAMINED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1
Directors' report 2 – 6
Examiners' report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 – 14

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

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

FOR THE YEAR ENDED 31 AUGUST 2022

Directors / Trustees

G Walker (resigned 7 November 2022) P Rose (resigned 7 November 2022) P J Campbell P U Anike (appointed 5 July 2022) D Charles-Lambert (appointed 12 October 2022) D E Trott (appointed 12 October 2022)

Company registered number

07237600

Charity registered number

1138901

Registered office

1 Kennington Road, London SE1 7QP

Company secretary

D J Parr (resigned 5 July 2022) K Simmonds (appointed 5 July 2022)

Independent examiner

Mr Matt Ryan, FCCA Numbers Ltd

Page 1

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2022

The Directors (who are also trustees of the charity) present their annual report together with the financial statements of Oasis Community Hub: Ashburton Park (the company) for the year ended 31 August 2022. The Directors confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Charities SORP 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Structure, governance and management

a. CONSTITUTION

The Company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 27[th] April 2010 and is a registered charity number 1138901.

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 International Association Ltd.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Oasis Community Hub: Ashburton Park (the Company) is a company limited by guarantee, whose registered number is 07237600. It is also a registered charity, number 1138901. The Company is governed by a Memorandum and Articles of Association of 27[th] April 2010. The Company is controlled by the Directors who are also the Trustees. The company was founded by Oasis Charitable Trust, however Oasis Community Partnerships is the immediate parent and sole member. The Company does not have a share capital. Directors are appointed by a majority of Directors or the Guarantor. The Directors have delegated the day to day activity of the Company to the Community Hub Leader, but retain responsibility for major strategic and governance decision.

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

Page 2

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

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

e. RISK MANAGEMENT AND GOING CONCERN

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

The risks and impact of the cost of living crisis have been assessed by the Directors and they are satisfied that risks have been mitigated wherever possible. We have confirmed grant commitments from our major funders covering the period up to and beyond August 2022.

The Directors consider that Oasis Community Hub: Ashburton Park 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:

Achievements and Performance

2021/22 has been a year of change for Oasis Hub Ashburton Park. Our Hub leader left in early 2021 and despite two rounds of recruitment we ere unable to recruit a new Hub Leader. Despite the challenges around recruitment, it presented us with an opportunity to serve our community in a unique way and therefore to provide a time of consolidation and give time to re-group we made the decision to commission a local charitable organisation ‘Reaching Higher’ to deliver a 12-month youth programme.

Youth Club: The Youth Club is held at Samuel Coleridge Taylor Centre, Suffolk Road, SE26 6XX. This is every Thursday night 6.30pm-8.30pm. Reaching Higher host football in the hall, board games in one room, table tennis tournaments in another room, arts and crafts activities in one room and anime club in the projection room . The Youth Club has been a growing success. There has been an increasing interest of unique users and approx. 85% of young people that Reaching Higher mentor have begun to attend the Youth Club also. There has been an influx of referrals from Social Care, Early Help and Youth Offending Services and these young people have also been safely integrated into Youth Club which has provided a positive influence and a safe space for those more vulnerable and at-risk young people. Reaching Higher have partnered up with local community groups to have discussions with the young people around hygiene, social action projects and policing within our communities. We have been able to offer wide range of activities from indoor sports, dance, cooking, board games, roller skating and arts and crafts. 49 young people regularly attend the youth club each week.

Holiday Activities: Holiday activities were delivered through the Easter and Summer holidays and were really well attended. Lots of activities were on offer including barbering workshops, water fights, football tournaments, dance, baking, cooking and nail workshops. Young people gave really great feedback. 469 children and young people attended the holiday activities throughout the year

Page 3

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

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

After Schools Clubs: After school clubs are run across all the Oasis schools including Drama After School Club in Oasis Shirley Park Primary, Creatives, Football & Basketball in Oasis Byron, Football, Basketball, Creative Arts & Media and Drama after school clubs across Oasis Academy Arena, Coulsdon and Shirley Park.

Mentoring: 30 young people from OA Arena, AO Shirley Park have received 1-2-1 mentoring

Relationship of Oasis Community Hub: Ashburton Park to other Oasis companies

The Hub has three relationships with the wider Oasis group:

  1. With the national group of Oasis organisations

  2. With the Oasis Community Partnerships group

  3. With the Ashburton Park Academies

These are described below as follows:

1. The national Oasis Group

The Oasis family of charities in the UK has been structured to enable the entire group to benefit from working together towards national objectives while at the same time being able to deliver maximum impact in local communities. The challenge of running a national charity is in ensuring the correct needs are being addressed in local communities, while the advantage is working collaboratively at a national level to minimise cost locally and benefitting from the value of interdependent working. This ‘hybrid structure’ has been developed to ensure that local ownership and oversight is achieved whilst leveraging economies of scale.

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

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

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

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

2. The Oasis Community Partnerships Group

Within this group structure, Oasis Community Partnerships is responsible for all of Oasis’ community development work in the UK. It is the national holding company for 19 local Oasis Community Hubs and one Trading Company, delivering integrated community development work in a number of targeted neighbourhoods across the country.

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

Page 4

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

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

3. Oasis Community Hub: Ashburton Park and its partnership with Oasis Academies

Oasis Community Hub: Ashburton Park is governed by a local board of trustees, who are accountable for the financial management of the hub, overseeing the development of projects to meet local needs and ensuring that those projects benefit from any funds raised. As explained above, Oasis Community Hub: Ashburton Park is a subsidiary of Oasis Community Partnerships, which in turn is a subsidiary of Oasis Charitable Trust.

Oasis Community Hub: Ashburton Park delivers integrated community development work in the community surrounding Oasis Academy Ryelands (primary school), Oasis Academy Arena (secondary school) and Oasis Academy Shirley Park (all-through school). One objective of Oasis Community Hub: Ashburton Park is to provide wrap around care for students and their parents/careers at the Academies. Therefore, Oasis Community Hub: Ashburton Park works in close partnership with all three Oasis Academies in order to provide integrated and holistic community transformation.

Financial review

The total incoming resources during the year ended 31[st] August 2022 amounted to £26,979 (2021: £31,589). Expenditure amounted to £38,662 (2021: £32,981). The overall result is a deficit of £11,683 (2021: deficit of £1,392) leaving retained funds of £11,659 (2021: £23,342).

Reserves

It is the intention of the Directors that in due course Oasis Community Hub: Ashburton Park will establish and retain sufficient funds to cover the running costs for three months

Going concern

The Directors have considered the risks to the Hub, including the impact of the cost of living crisis, and these include the ability for the Hub to carry out its activities in an environment where social distancing rules are expected to be in force for some time. The Directors have confirmed that the major sources of grant funding are committed and the delivery of the activities can be adjusted to ensure that guidelines around social distancing can still be applied. Furthermore, the Directors are confident that costs will only be incurred to the extent that funding is secured. The Directors are confident that the Hub has adequate resources to continue operating for the foreseeable future and, for this reason, the Trustees continue to adopt the going concern basis in preparing the accounts.

Plans for the future

The Reaching Higher Contract runs to the end of December 2022. There has been a really positive response to their work both by Academies and young people and we do want to continue to support this work. However, whilst we have had no Hub Leader, we have had no one to drive and grow the work and the team of the local Hub. Our priority in 2022/23 is therefore to appoint a Hub Leader who can continue to develop our partnership with Reaching Higher but can also grow the breadth and the depth of our youth and wider community work across the whole Hub.

Page 5

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

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

DIRECTORS' RESPONSIBILITIES STATEMENT

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

Company law requires the Directors to prepare financial statements for each financial year. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are required to:

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

This report was approved by the Directors on 24 January 2023 and signed on their behalf by:

Peter Campbell

Director

Page 6

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

EXAMINER’S REPORT FOR THE YEAR ENDED 31 AUGUST 2022

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

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Mr Matt Ryan, FCCA

32 High Street, Wendover, Bucks, HP22 6EA

Date: 24 January 2023

Page 7

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2022

Unrestricted
funds
Restricted
funds
Note
2022
£
2022
£
INCOME
Gifts & Donations
2
-
-
Grants
-
-
Other Income
26,979
-
TOTAL
26,979
-
RESOURCES EXPENDED
Charitable activities
3
34,662
4,000
TOTAL
34,662
4,000
MOVEMENT IN TOTAL FUNDS FOR
THE YEAR – NET
INCOME/(EXPENDITURE) FOR THE
YEAR
(7,683)
(4,000)
Transfers between funds
11,870
(11,870)
Total funds at 1 September 2021
7,472
15,870
TOTAL FUNDS AT 31 AUGUST 2022
11,659
-		 Total
funds
2022
£
-
-
26,979
26,979
38,662
38,662
(11,683)
-
23,342
11,659		 Total
funds
2021
£

863
5,600
25,126

31,589


32,981

32,981

(1,392)
-
24,734
23,342

The notes on pages 10 and 14 form part of these financial statements.

Page 8

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

BALANCE SHEET AS AT 31 AUGUST 2022

Note
CURRENT ASSETS
Cash at bank
Accounts receivable
5
CREDITORS:amounts falling due
within one year
6
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
TOTAL FUNDS

£
19,768
-		 2022

£



16,659

£
10,638
12,954		 2021

£



23,342
19,768
(8,109)		 23,592
(250)




11,659 23,342
-
11,659		 15,870
7,472
11,659 23,342

For the year ending 31/08/2022 the company was entitled to exemption under section 479a of the Companies Act 2006 relating to subsidiary companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Directors on 24 January 2023 and signed on their behalf, by:

Peter Campbell Director

The notes on pages 10 and 14 form part of these financial statements.

Page 9

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005, applicable accounting standards and the Companies Act 2006.

1.2 Company status

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

1.3 Fund accounting

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

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.

1.4 Income

All incoming resources are 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 gifts and donations are recognised on receipt.

1.5 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 educational activities undertaken to further the purposes of the charity and their associated support costs.

• Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred

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

Page 10

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

FOR THE YEAR ENDED 31 AUGUST 2022

1.6 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

1.8 Creditors and provisions

1.9 Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets held at amortised cost comprise cash and bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors.

1.10 Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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

In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting 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.

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

Page 11

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

FOR THE YEAR ENDED 31 AUGUST 2022

2. INCOME

Unrestricted
funds
Restricted
funds
Total
funds
2022
£
2022
£
2022
£
Gifts & Donations
-
-
-
Grants
-
-
-
Other Income
26,979
-
26,979
26,979
-
26,979
3.
CHARITABLE ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
2022
£
2022
£
2022
£
Staff costs
-
-
-
Consultancy
31,333
4,000 35,333
Other expenditure
3,329
-
3,329
Total Direct Costs
34,662
4,000
38,662
4.
NET INCOMING RESOURCES / (RESOURCES EXPENDED)
This is stated after charging:
2022
£
Auditor's remuneration
275
During the year, no Directors received any remuneration (2021 - £NIL).
During the year, no Directors received any benefits in kind (2021 - £NIL).
During the year, no Directors received any reimbursement of expenses (2021 - £NIL).
5.
DEBTORS
2022
£
Intercompany
-
-		 Total
funds
2021
£
863
5,600
25,126
31,589
Total
funds
2021
£
18,046
1,148
13,787
32,981
2021
£
250

2021
£
12,954
12,954

Page 12

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

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

6. CREDITORS: Amounts falling due within one year

Creditors
Intercompany		 2022
£
8,109
-
8,109		 2021
£
250
-
250

7. STATEMENT OF FUNDS

Unrestricted funds
Restricted funds:
ESOL
Community Fund
Boxing
Food Surplus
Youthwork
Hub Leader Funding		 Brought
Forward
Transfers
between
funds
Income
2022
Expenditure
2022
Carried
Forward
£
£
£
£
£
7,472
11,870
26,979
(34,662)
11,659
-
-
-
-
-
-
-
-
-
-
4,000
-
-
(4,000)
-
1,682
(1,682)
-
-
-
7,188
(7,188)
-
-
-
3,000
(3,000)
-
-
-
23,342
-
26,979
(38,662)
11,659

8. ULTIMATE PARENT UNDERTAKING

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

OCP’s principle objectives are to:

Page 13

OASIS COMMUNITY HUB: ASHBURTON PARK (A company limited by guarantee)

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

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:

9. RELATED PARTY TRANSACTIONS

In the year Oasis Community Partnerships recharged expenses of £2,235 (2021 - £1,500) for support costs.

At the year end nothing was due to or from Oasis Community Partnerships (2021: £12,954 was owed to the Hub by the parent company,

Page 14