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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 07877036 (England and Wales) REGISTERED CHARITY NUMBER: 1147040

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

OASIS CHURCH COLLIERS WOOD

GBJ LLP Statutory Auditor Sterling House 27 Hatchlands Road Redhill Surrey RH1 6RW

OASIS CHURCH COLLIERS WOOD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Page
Strategic Report 1 to 3
Report of the Trustees 4 to 5
Report of the Independent Auditors 6 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 23
Detailed Statement of Financial Activities 24 to 25

OASIS CHURCH COLLIERS WOOD

STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their strategic report for the year ended 31 December 2021.

The Directors present their strategic report and financial statements of Oasis Church Colliers Wood (Registered Company Number 07877036 and Registered Charity Number 1147040) for the period ended 31st December 2021.

Directors Responsibilities and Functions:

The Directors listed on Page 1 are the signatories to this Report. The method of appointing and discharging Directors is that the current Directors have the power to appoint additional Directors or to discharge existing Directors, but there are overall requirements that the number of Directors is not less than three nor more than seven and that Directors are required to be members of Oasis Church, Colliers Wood.

The Directors are responsible for preparing the strategic report, the annual report and financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year.

The Directors have no retained professional legal advisers; their bankers are National Westminster Bank plc of 16 Wimbledon Hill Road, Wimbledon SW19. Dzifa Ayidah remained as Treasurer. Duncan Moass serves as Company Secretary. The Independent Examiner is N.I Green of GBJ LLP, Sterling House, 27 Hatchlands Road, Redhill, Surrey RH1 6RW.

The Directors have quarterly meetings during which they examine the financial reports and activities as well as look at their other governance obligations.

Aims and Objectives:

Oasis Church Colliers Wood operates as a local Church in the Colliers Wood area of southwest London. Whilst it is independently constituted it is affiliated to the London Baptist Association and Evangelical Alliance.

Activities:

The activities of the Church are the usual ones which could be expected of an evangelical Church, being Sunday worship services, a range of weekly meetings at the Church (for Church members and serving the wider Church body), meetings of Church members in homes, evangelistic outreaches, etc.

During 2021, the in-person activities that had been suspended in accordance with Government regulations were gradually reinstated with appropriate Covid 19 precautions in place and from September 2021 levels and types of activities were very much in line with church life pre covid, with services on Sundays and Wednesdays being still streamed live and many cell groups continuing on Zoom or choosing a hybrid version of meeting sometimes on zoom and sometimes in-person.

Cell groups, Healing Rooms, Bible study, Pastors and Leaders meetings, Men's Listening Post, youth work, children's work, Leadership school, staff meetings and over 60s tea parties are all examples of activities that have been happening regularly in person since September 2021. A 24 hour worship service was also held in December 2021. Baptismal services were delayed until 2022. Some business meetings have continued on Zoom for convenience. Family Nights were restarted in September 2021 and between September and December 2021, 22 people were welcomed into membership. There had been considerable reshuffling during the Covid period so many new people had been attending, while many had also not yet returned so an accurate number of members and friends at December 2021 would be difficult to determine. The youth building was finished during 2021 with the exception of snagging and teething issues that are ongoing.

Apart from at the main centre in Colliers Wood, many activities in the three church plants: Epsom at the Longmead Centre, Sefton Road, in Walton-on-Thames at Walton Youth Centre, Elm Grove, Walton on Thames and in Redhill, at Salfords Primary School, Copsleigh Avenue were rearranged to conform to Government guidelines and as with the main church have all restarted normal activities. The Asian Fellowship has continued to meet at the main centre in Colliers Wood.

Page 1

OASIS CHURCH COLLIERS WOOD

STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

During the year, Directors continued to ensure that the Company complied with the requirements of GDPR and data protection.

With reference to size, the Church had 434 core members and nearly 300 others associating with the Church as at 31st December 2021.

Leadership: The leadership structure of the Church is that there is a full-time pastor (Sam Onyenuforo), two part-time pastors who serve at our plants in Epsom and the Asian Fellowship, and staff fulfilling various ministry and administrative roles; along with the pastors, there are unpaid elders with shared overall responsibility for the Church and others holding responsibility for the Church work.

Finance

The primary source of the income is derived from donations and legacies given by Church members. The church's income has largely been maintained during the year despite the closure of all activities.

The measures taken by the Elders and Directors of Oasis Church (Colliers Wood) and the smaller church plants of Epsom, Walton and Redhill to reduce outgoings and retain income over the covid shut down periods seem to have been successful and there has been no serious deficit in the finances of the church as a result of the pandemic and the church made use of HMG furlough payments for staff in 2020 and 2021. Cashflow remains stable even after the building projects recommenced.

The Company has various designated and restricted funds, listed in the accounts, including a "Jubilee Fund" that receives 10% of the Church income and any other specific gifts. This fund is administered by a minimum of three members. This is overseen by the Directors and was set up for the advancement of the Christian faith, and/or as an expression of Christian love. These gifts continue to be given.

The directors remain satisfied that the church's financial position remains secure despite the pandemic.

Risk Register

The Directors have reviewed the risks to which the Company may be exposed and have developed a risk register which is reviewed and updated quarterly. The Company also has a Health and Safety Policy and a Safeguarding Policy, which are reviewed on a regular basis.

Reserves Policy

The Directors have developed a reserves policy which is reviewed every year. It is anticipated that any surplus income, at the close of the year, would be carried forward during the following year while retaining sufficient funds to meet the charity's stated or planned commitments.

The Directors aim to have reserves amounting to not less than GBP 200,000 on an ongoing basis.

Disclosure of Information to Independent Examiner:

In the case of each of the persons who are Directors of the Company at the date when this report was approved:

This confirmation is given and should be interpreted in accordance with the provisions of S418 of the Companies Act 2006.

Approved by order of the board of trustees on 25 October 2022 and signed on its behalf by:

Page 2

OASIS CHURCH COLLIERS WOOD STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 l Berle- Trustee Page 3

OASIS CHURCH COLLIERS WOOD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07877036 (England and Wales)

Registered Charity number

1147040

Registered office

1-27 Fortescue Road Colliers Wood London SW19 2EA

Trustees

D Moass Crown Prosecutor I Berle Retired NHS Manager A A Alli Accountant T Q M Clements Administrator Miss J Takyi Miss A C Johnson

Company Secretary

D Moass

Auditors

GBJ LLP Statutory Auditor Sterling House 27 Hatchlands Road Redhill Surrey RH1 6RW

Bankers

NatWest Bank PLC 16 Wimbledon Hill Road Wimbledon London SW19 7ZD

Page 4

OASIS CHURCH COLLIERS WOOD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Oasis Church Colliers Wood for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which 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 those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

In so far as the trustees are aware:

AUDITORS

The auditors, GBJ LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 25 October 2022 and signed on its behalf by:

I Berle - Trustee

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF OASIS CHURCH COLLIERS WOOD

Opinion

We have audited the financial statements of Oasis Church Colliers Wood (the 'charitable company') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (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 Auditors' 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 other 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 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 charitable company'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 Report of the Independent Auditors 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.

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 this gives rise to a material misstatement in the financial statements themselves. 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:

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF OASIS CHURCH COLLIERS WOOD

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 Strategic Report and the Report of the Trustees.

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 Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes 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 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF OASIS CHURCH COLLIERS WOOD

Our 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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We enquired of management concerning the Company's policies and procedures relating to:

The Company is subject to many laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. We identified the following laws and regulations as the most likely to have a material effect if non-compliance were to occur; United Kingdom Generally Accepted Accounting Practice, the Companies Act 2006, tax legislation, anti-bribery legislation, GDPR and employment law.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by evaluating management's incentives and opportunities for manipulation of the financial statements. This included the evaluation of the risk of management override of controls. We determined that the principal risks were in relation to:

It is the audit partner's assessment that the audit team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF OASIS CHURCH COLLIERS WOOD

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 auditors' 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.

N I Green (Senior Statutory Auditor) for and on behalf of GBJ LLP Statutory Auditor Sterling House 27 Hatchlands Road Redhill Surrey RH1 6RW

25 October 2022

Page 9

OASIS CHURCH COLLIERS WOOD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Missions, outreach and evangelism
Social care
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
755,428
57
755,485
6,451
-
6,451
24
-
24
-
-
-
761,903
57
761,960
426,586
58,120
484,706
1,066
-
1,066
54,087
-
54,087
481,739
58,120
539,859
280,164
(58,063)
222,101
(125,000)
125,000
-
155,164
66,937
222,101
1,248,457
2,052,352
3,300,809
1,403,621
2,119,289
3,522,910		 2020
Total
funds
£
709,890
5,040
79
(87)
714,922
558,363
6,174
34,168
598,705
116,217
-
116,217
3,184,592
3,300,809

The notes form part of these financial statements

Page 10

OASIS CHURCH COLLIERS WOOD

BALANCE SHEET 31 DECEMBER 2021

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
872,565
95,825
447,239
543,064
(12,008)
531,056
1,403,621
-
1,403,621		 Restricted
funds
£
2,304,892
-
12,339
12,339
(39,140)
(26,801)
2,278,091
(158,802)
2,119,289		 2021
Total
funds
£
3,177,457
95,825
459,578
555,403
(51,148)
504,255
3,681,712
(158,802)
3,522,910
1,403,621
2,119,289
3,522,910		 2020
Total
funds
£
3,180,072
94,252
347,610
441,862
(126,316)
315,546
3,495,618
(194,809)
3,300,809
1,248,457
2,052,352
3,300,809

The financial statements were approved by the Board of Trustees and authorised for issue on 25 October 2022 and were signed on its behalf by:

I Berle - Trustee

The notes form part of these financial statements

Page 11

OASIS CHURCH COLLIERS WOOD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Finance costs paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2021
£
238,131
(5,211)
(1,636)
231,284
(72,684)
-
(72,684)
(46,632)
(46,632)
111,968
347,610
459,578		 2020
£
244,462
(6,239)
(1,780)
236,443
(72,172)
182
(71,990)
(37,195)
(37,195)
127,258
220,352
347,610

The notes form part of these financial statements

Page 12

OASIS CHURCH COLLIERS WOOD

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 222,101 116,217
Adjustments for:
Depreciation charges 75,299 74,274
Loss on disposal of fixed assets - 87
Interest paid 5,211 6,239
Finance costs 1,636 1,780
Increase in debtors (1,573) (18,910)
(Decrease)/increase in creditors (64,543) 64,775
Net cash provided by operations 238,131 244,462
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.21 Cash flow At 31.12.21
£ £ £
Net cash
Cash at bank and in hand 347,610 111,968 459,578
347,610 111,968 459,578
Debt
Debts falling due within 1 year (49,762) 10,625 (39,137)
Debts falling due after 1 year (194,809) 36,007 (158,802)
(244,571) 46,632 (197,939)
Total 103,039 158,600 261,639

The notes form part of these financial statements

Page 13

OASIS CHURCH COLLIERS WOOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 14

continued...

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

2. DONATIONS AND LEGACIES

Donations
Gift aid
3.
OTHER TRADING ACTIVITIES
Conferences, bookstall & sundry
4.
INVESTMENT INCOME
Bank interest received
5.
RAISING FUNDS
Raising donations and legacies
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Church running costs
Youth and childrens' work
Publicity and advertising
Office expenditure
Property maintenance
Music and worship
Social and recreational
Ministerial and pulpit fees
Training and volunteers
Tithe to Jubilee
Depreciation
Interest payable and similar charges
Support costs		 2021
£
646,345
109,140
755,485
2021
£
6,451
2021
£
24
2021
£
224,975
2,469
7,059
12,966
2,340
3,143
462
7,912
374
15,946
40,825
1,972
9,564
12,122
1,246
49,454
75,299
6,847
9,731
484,706		 2020
£
615,638
94,252		 2020
£
615,638
94,252
709,890
2020
£
5,040
2020
£
79
2020
£
324,070
1,239
6,931
14,350
1,373
4,090
457
1,237
10
6,916
34,695
7,825
6,926
8,652
2,323
46,315
74,274
8,019
8,661		 2020
£
5,040
2020
£
79
558,363

Page 15

continued...

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

6. CHARITABLE ACTIVITIES COSTS

6. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
7)
£
Missions, outreach and evangelism 1,066
Social care 54,087
55,153
7. GRANTS PAYABLE
2021 2020
£ £
Missions, outreach and evangelism 1,066 6,174
Social care 54,087 34,168
55,153 40,342
8. SUPPORT COSTS
Governance
costs
£
Raising donations and legacies 9,731
Support costs, included in the above, are as follows:
2021 2020
Raising
donations
and Total
legacies activities
£ £
Auditors' remuneration 8,186 7,500
Legal and professional fees 1,545 1,161
9,731 8,661

Page 16

continued...

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Auditors' remuneration 8,186 7,500
Depreciation - owned assets 75,299 74,275
Deficit on disposal of fixed assets - 87

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2021
£
197,505
12,038
15,432
224,975		 2020
£
272,712
14,210
37,148
324,070

The average monthly number of employees during the year was as follows:

2021 2020
Employees 18 18

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2021 2020
£60,001 - £70,000 1 1

Page 17

continued...

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
653,394
Other trading activities
5,040
Investment income
79
Other income
(87)
Total
658,426
EXPENDITURE ON
Raising funds
500,312
Charitable activities
Missions, outreach and evangelism
2,234
Social care
34,168
Total
536,714
NET INCOME/(EXPENDITURE)
121,712
Transfers between funds
(60,000)
Net movement in funds
61,712
RECONCILIATION OF FUNDS
Total funds brought forward
1,186,745
TOTAL FUNDS CARRIED FORWARD
1,248,457		 Restricted
funds
£
56,496
-
-
-
56,496
58,051
3,940
-
61,991
(5,495)
60,000
54,505
1,997,847
2,052,352		 Total
funds
£
709,890
5,040
79
(87)
714,922
558,363
6,174
34,168
598,705
116,217
-
116,217
3,184,592
3,300,809

Page 18

continued...

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

13. TANGIBLE FIXED ASSETS

COST
At 1 January 2021
Additions
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Freehold
property
£
3,543,542
72,684
3,616,226
371,984
72,321
444,305
3,171,921
3,171,558		 Plant and
machinery
£
2,117
-
2,117
1,787
82
1,869
248
330		 Fixtures
and
fittings
£
10,961
-
10,961
6,178
1,195
7,373
3,588
4,783		 Computer
equipment
£
6,801
-
6,801
3,400
1,701
5,101
1,700
3,401		 Totals
£
3,563,421
72,684
3,636,105
383,349
75,299
458,648
3,177,457
3,180,072

The freehold property is held in trust for Oasis Church Colliers Wood by the London Baptist Property Board Limited, and acts as security for the loans from the London Baptist Property Board Limited.

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Gift aid due
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 17)
Social security and other taxes
Other creditors
Accrued expenses		 2021
£
95,825
2021
£
39,137
3,367
844
7,800
51,148		 2020
£
94,252
2020
£
49,762
-
375
76,179
126,316

Page 19

continued...

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Other loans (see note 17)
17.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Other loans
18.
MOVEMENT IN FUNDS
At 1.1.21
£
Unrestricted funds
General fund
1,248,457
Restricted funds
Building Fund
1,226,191
Building Development Fund
558,314
Initiatives
671
Conferences/Towards Revival Fund
8,044
Healing Rooms
3,067
Other Specified Gifts
5
Church Extension (Land and Building)
256,060
2,052,352
TOTAL FUNDS
3,300,809		 Net
movement
in funds
£
280,164
(39,497)
(12,729)
48
2
(1)
-
(5,886)
(58,063)
222,101		 2021
£
158,802
2021
£
39,137
31,668
55,247
71,887
Transfers
between
funds
£
(125,000)
125,000
-
-
-
-
-
-
125,000
-		 2020
£
194,809
2020
£
49,762
39,873
77,292
77,644
At
31.12.21
£
1,403,621
1,311,694
545,585
719
8,046
3,066
5
250,174		 2020
£
194,809		 2020
£
194,809
2020
£
49,762
39,873
77,292
2,119,289
3,522,910

Page 20

continued...

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building Fund
Building Development Fund
Initiatives
Conferences/Towards Revival Fund
Healing Rooms
Church Extension (Land and Building)
TOTAL FUNDS		 Incoming
resources
£
761,903
-
-
57
-
-
-
57
761,960		 Resources
Movemen
expended
in funds
£
£
(481,739)
280,164
(39,497)
(39,497)
(12,729)
(12,729)
(9)
48
2
2
(1)
(1)
(5,886)
(5,886)
(58,120)
(58,063)
(539,859)
222,101

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Building Fund
Building Development Fund
Initiatives
Conferences/Towards Revival Fund
Healing Rooms
Other Specified Gifts
Church Extension (Land and Building)
TOTAL FUNDS		 At 1.1.20
£
1,186,745
1,149,851
571,043
4,099
8,044
2,858
5
261,947
1,997,847
3,184,592		 Net
movement
in funds
£
121,712
16,340
(12,729)
(3,428)
-
209
-
(5,887)
(5,495)
116,217		 Transfers
between
funds
£
(60,000)
60,000
-
-
-
-
-
-
60,000
-		 At
31.12.20
£
1,248,457
1,226,191
558,314
671
8,044
3,067
5
256,060
2,052,352
3,300,809

Page 21

continued...

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building Fund
Building Development Fund
Initiatives
Healing Rooms
Church Extension (Land and Building)
TOTAL FUNDS		 Incoming
resources
£
658,426
55,766
-
281
450
(1)
56,496
714,922		 Resources
Movemen
expended
in funds
£
£
(536,714)
121,712
(39,426)
16,340
(12,729)
(12,729)
(3,709)
(3,428)
(241)
209
(5,886)
(5,887)
(61,991)
(5,495)
(598,705)
116,217

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Building Fund
Building Development Fund
Initiatives
Conferences/Towards Revival Fund
Healing Rooms
Other Specified Gifts
Church Extension (Land and Building)
TOTAL FUNDS		 At 1.1.20
£
1,186,745
1,149,851
571,043
4,099
8,044
2,858
5
261,947
1,997,847
3,184,592		 Net
movement
in funds
£
401,876
(23,157)
(25,458)
(3,380)
2
208
-
(11,773)
(63,558)
338,318		 Transfers
between
funds
£
(185,000)
185,000
-
-
-
-
-
-
185,000
-		 At
31.12.21
£
1,403,621
1,311,694
545,585
719
8,046
3,066
5
250,174
2,119,289
3,522,910

Page 22

continued...

OASIS CHURCH COLLIERS WOOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,420,329 (1,018,453) 401,876
Restricted funds
Building Fund 55,766 (78,923) (23,157)
Building Development Fund - (25,458) (25,458)
Initiatives 338 (3,718) (3,380)
Conferences/Towards Revival Fund - 2 2
Healing Rooms 450 (242) 208
Church Extension (Land and Building) (1) (11,772) (11,773)
56,553 (120,111) (63,558)
TOTAL FUNDS 1,476,882 (1,138,564) 338,318

Included in Restricted Funds are: Building Funds, which are for the Church building and the Initiative Fund for Church Initiated projects. Other specified gifts are short-term funds comprising individuals' gifts for specific purposes.

19. RELATED PARTY DISCLOSURES

During the year, a salary of £19,722 (2020: £17,007) and pension contributions of £986 (2020: £859) were paid on behalf of K Clements, the wife of Trustee Mr T Clements.

Page 23

OASIS CHURCH COLLIERS WOOD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other trading activities
Conferences, bookstall & sundry
Investment income
Bank interest received
Other income
Gain on sale of tangible fixed assets
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Church running costs
Youth and childrens' work
Publicity and advertising
Office expenditure
Property maintenance
Music and worship
Social and recreational
Ministerial and pulpit fees
Training and volunteers
Tithe to Jubilee
Freehold property depreciation
Plant and machinery depreciation
Fixtures and fittings depreciation
Computer equipment
Bank loan interest
Bank charges		 2021
£
646,345
109,140
755,485
6,451
24
-
761,960
197,505
12,038
15,432
2,469
7,059
12,966
2,340
3,143
462
7,912
374
15,946
40,825
1,972
9,564
12,122
1,246
49,454
72,322
82
1,195
1,700
5,211
1,636
474,975		 2020
£
615,638
94,252
709,890
5,040
79
(87)
714,922
272,712
14,210
37,148
1,239
6,931
14,350
1,373
4,090
457
1,237
10
6,916
34,695
7,825
6,926
8,652
2,323
46,315
70,870
110
1,594
1,700
6,239
1,780
549,702

This page does not form part of the statutory financial statements

Page 24

OASIS CHURCH COLLIERS WOOD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Raising donations and legacies
Charitable activities
Grants to individuals
Support costs
Governance costs
Auditors' remuneration
Legal and professional fees
Total resources expended
Net income		 2021
£
55,153
8,186
1,545
9,731
539,859
222,101		 2020
£
40,342
7,500
1,161
8,661
598,705
116,217

This page does not form part of the statutory financial statements

Page 25