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2022-12-31-accounts

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

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022

Page
Strategic Report 1 to 2
Report of the Trustees 3 to 4
Report of the Independent Auditors 5 to 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 22
Detailed Statement of Financial Activities 23 to 24

OASIS CHURCH COLLIERS WOOD

STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their strategic report for the year ended 31 December 2022.

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 2022.

Directors Responsibilities and Functions:

The Directors listed on Page 3 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 J.R Hillier 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 2022 services on Sundays and Wednesdays were still streamed live and some cell groups continued on Zoom while many chose a hybrid version of meeting sometimes on zoom and sometimes in-person.

Cell groups, Healing Rooms, Bible study, Pastors and Leaders meetings, youth work, children's work, Leadership school, staff meetings and over 60s tea parties are all examples of activities that have been happening regularly during 2022. A 24 hour worship service was also held in December 2022. Baptismal services took place on 3 occasions during the year. Some business meetings have continued on Zoom for convenience. Four Family Nights were held during the year and 35 people welcomed into membership. The new building has been fully functional with snagging problems gradually being sorted.

Apart from at the main centre in Colliers Wood, three church plants have continued at 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). The Asian Fellowship has continued to meet at the main centre in Colliers Wood.

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 450 core members and over 500 others associating with the Church as at 31st December 2022.

-1-

OASIS CHURCH COLLIERS WOOD

STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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 been maintained during the year with a slight increase over budget projections.

Cashflow remains stable and improves month on month.

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.

Risk Register

The Directors have reviewed the risks to which the Company may be exposed and continue to keep the risk register updated on a regular basis. The Company also has a Health and Safety Policy and a Safeguarding Policy, which are also 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 - so far as each of the Directors is aware, there is no relevant audit information (as defined in the Companies Act 2006) of which the company's independent examiner are unaware; and - each of the Directors have taken all the steps that he/she ought to have taken as a director to make himself/herself aware of any relevant information and to establish that the independent examiner is aware of that information.

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 22 September 2023 and signed on its behalf by:

I Berle - Trustee

-2-

OASIS CHURCH COLLIERS WOOD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022. 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 J Takyi Counsellor and Psychotherapist 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

-3-

OASIS CHURCH COLLIERS WOOD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

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 22 September 2023 and signed on its behalf by:

I Berle - Trustee

-4-

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 2022 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:

-5-

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.

-6-

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.

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.

-7-

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.

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

22 September 2023

-8-

OASIS CHURCH COLLIERS WOOD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

2022
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
775,749
143
775,892
Other trading activities
3
7,100
-
7,100
Investment income
4
588
-
588
Total
783,437
143
783,580
EXPENDITURE ON
Raising funds
5
580,484
60,539
641,023
Charitable activities
6
Missions, outreach and evangelism
13,199
2,030
15,229
Social care
65,919
-
65,919
Total
659,602
62,569
722,171
NET INCOME/(EXPENDITURE)
123,835
(62,426)
61,409
Transfers between funds
18
(145,949)
145,949
-
Net movement in funds
(22,114)
83,523
61,409
RECONCILIATION OF FUNDS
Total funds brought forward
1,403,621
2,119,289
3,522,910
TOTAL FUNDS CARRIED FORWARD
1,381,507
2,202,812
3,584,319		 2021
Total
funds
£
755,482
6,451
24
761,957
484,703
1,066
54,087
539,856
222,101
-
222,101
3,300,809
3,522,910

The notes form part of these financial statements

-9-

OASIS CHURCH COLLIERS WOOD

BALANCE SHEET 31 DECEMBER 2022

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
13
850,228
2,349,861
CURRENT ASSETS
Debtors
14
76,258
-
Cash at bank and in hand
467,408
12,438
543,666
12,438
CREDITORS
Amounts falling due within one year
15
(12,387)
(31,669)
NET CURRENT ASSETS
531,279
(19,231)
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,381,507
2,330,630
CREDITORS
Amounts falling due after more than one year
16
-
(127,818)
NET ASSETS
1,381,507
2,202,812
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2022
Total
funds
£
3,200,089
76,258
479,846
556,104
(44,056)
512,048
3,712,137
(127,818)
3,584,319
1,381,507
2,202,812
3,584,319		 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

The financial statements were approved by the Board of Trustees and authorised for issue on 22 September 2023 and were signed on its behalf by:

I Berle - Trustee

The notes form part of these financial statements

-10-

OASIS CHURCH COLLIERS WOOD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

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
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		 2022
£
166,178
(5,899)
(1,951)
158,328
(99,609)
(99,609)
(38,451)
(38,451)
20,268
459,578
479,846		 2021
£
238,131
(5,211)
(1,636)
231,284
(72,684)
(72,684)
(46,632)
(46,632)
111,968
347,610
459,578

The notes form part of these financial statements

-11-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

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
2022 2021
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 61,409 222,101
Adjustments for:
Depreciation charges 76,975 75,299
Interest paid 5,899 5,211
Finance costs 1,951 1,636
Decrease/(increase) in debtors 19,567 (1,573)
Increase/(decrease) in creditors 377 (64,543)
Net cash provided by operations 166,178 238,131
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.22 Cash flow At 31.12.22
£ £ £
Net cash
Cash at bank and in hand 459,578 20,268 479,846
459,578 20,268 479,846
Debt
Debts falling due within 1 year (39,137) 7,469 (31,668)
Debts falling due after 1 year (158,802) 30,984 (127,818)
(197,939) 38,453 (159,486)
Total 261,639 58,721 320,360

The notes form part of these financial statements

-12-

OASIS CHURCH COLLIERS WOOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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.

continued...

-13-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

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		 2022
£
661,402
114,490
775,892
2022
£
7,100
2022
£
588
2022
£
314,672
1,022
7,874
17,833
2,354
4,815
3,023
11,210
148
18,501
58,168
11,266
32,804
21,039
1,366
40,000
76,975
7,850
10,103
641,023		 2021
£
646,342
109,140		 2021
£
646,342
109,140
755,482
2021
£
6,451
2021
£
24
2021
£
224,975
2,469
7,056
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		 2021
£
6,451
2021
£
24
484,703

continued...

-14-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

6. CHARITABLE ACTIVITIES COSTS

6. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
7)
£
Missions, outreach and evangelism 15,229
Social care 65,919
81,148
7. GRANTS PAYABLE
2022 2021
£ £
Missions, outreach and evangelism 15,229 1,066
Social care 65,919 54,087
81,148 55,153
8. SUPPORT COSTS
Governance
costs
£
Raising donations and legacies 10,103
Support costs, included in the above, are as follows:
2022 2021
Raising
donations
and Total
legacies activities
£ £
Auditors' remuneration 8,220 8,186
Legal and professional fees 1,883 1,545
10,103 9,731

continued...

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OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

9. NET INCOME/(EXPENDITURE)

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

2022 2021
£ £
Auditors' remuneration 8,220 8,186
Depreciation - owned assets 76,977 75,299

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
282,495
18,658
13,519
314,672		 2021
£
197,505
12,038
15,432
224,975

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

2022 2021
Employees 17 18
The number of employees whose employee benefits (excluding employer pension costs) exceeded The number of employees whose employee benefits (excluding employer pension costs) exceeded The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was:
2022 2021
£60,001 - £70,000 1 1

continued...

-16-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
755,425
Other trading activities
6,451
Investment income
24
Total
761,900
EXPENDITURE ON
Raising funds
426,583
Charitable activities
Missions, outreach and evangelism
1,066
Social care
54,087
Total
481,736
NET INCOME/(EXPENDITURE)
280,164
Transfers between funds
(125,000)
Net movement in funds
155,164
RECONCILIATION OF FUNDS
Total funds brought forward
1,248,457
TOTAL FUNDS CARRIED FORWARD
1,403,621		 Restricted
funds
£
57
-
-
57
58,120
-
-
58,120
(58,063)
125,000
66,937
2,052,352
2,119,289		 Total
funds
£
755,482
6,451
24
761,957
484,703
1,066
54,087
539,856
222,101
-
222,101
3,300,809
3,522,910

continued...

-17-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

13. TANGIBLE FIXED ASSETS

COST
At 1 January 2022
Additions
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021		 Freehold
property
£
3,616,226
99,609
3,715,835
444,305
74,318
518,623
3,197,212
3,171,921		 Plant and
machinery
£
2,117
-
2,117
1,869
62
1,931
186
248		 Fixtures
and
fittings
£
10,961
-
10,961
7,373
897
8,270
2,691
3,588		 Computer
equipment
£
6,801
-
6,801
5,101
1,700
6,801
-
1,700		 Totals
£
3,636,105
99,609
3,735,714
458,648
76,977
535,625
3,200,089
3,177,457

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		 2022
£
76,258
2022
£
31,668
2,988
1,300
8,100
44,056		 2021
£
95,825
2021
£
39,137
3,367
844
7,800
51,148

continued...

-18-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

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 1.1.22
£
Unrestricted funds
General fund
1,403,621
Restricted funds
Building Fund
1,311,694
Building Development Fund
545,585
Initiatives
719
Conferences/Towards Revival Fund
8,046
Healing Rooms
3,066
Other Specified Gifts
5
Church Extension (Land and Building)
250,174
2,119,289
TOTAL FUNDS
3,522,910		 Net
movement
in funds
£
123,835
(41,912)
(12,729)
(1,896)
-
(2)
-
(5,887)
(62,426)
61,409		 2022
£
127,818
2022
£
31,668
25,305
45,000
57,513
Transfers
between
funds
£
(145,949)
144,249
-
1,700
-
-
-
-
145,949
-		 2021
£
158,802
2021
£
39,137
31,668
55,247
71,887
At
31.12.22
£
1,381,507
1,414,031
532,856
523
8,046
3,064
5
244,287		 2021
£
158,802		 2021
£
158,802
2021
£
39,137
31,668
55,247
2,202,812
3,584,319

continued...

-19-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

18. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 783,437 (659,602) 123,835
Restricted funds
Building Fund - (41,912) (41,912)
Building Development Fund - (12,729) (12,729)
Initiatives 143 (2,039) (1,896)
Healing Rooms - (2) (2)
Church Extension (Land and Building) - (5,887) (5,887)
143 (62,569) (62,426)
TOTAL FUNDS 783,580 (722,171) 61,409

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 1.1.21
£
1,248,457
1,226,191
558,314
671
8,044
3,067
5
256,060
2,052,352
3,300,809		 Net
movement
in funds
£
280,164
(39,497)
(12,729)
48
2
(1)
-
(5,886)
(58,063)
222,101		 Transfers
between
funds
£
(125,000)
125,000
-
-
-
-
-
-
125,000
-		 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

continued...

-20-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

18. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 761,900 (481,736) 280,164
Restricted funds
Building Fund - (39,497) (39,497)
Building Development Fund - (12,729) (12,729)
Initiatives 57 (9) 48
Conferences/Towards Revival Fund - 2 2
Healing Rooms - (1) (1)
Church Extension (Land and Building) - (5,886) (5,886)
57 (58,120) (58,063)
TOTAL FUNDS 761,957 (539,856) 222,101

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 1.1.21
£
1,248,457
1,226,191
558,314
671
8,044
3,067
5
256,060
2,052,352
3,300,809		 Net
movement
in funds
£
403,999
(81,409)
(25,458)
(1,848)
2
(3)
-
(11,773)
(120,489)
283,510		 Transfers
between
funds
£
(270,949)
269,249
-
1,700
-
-
-
-
270,949
-		 At
31.12.22
£
1,381,507
1,414,031
532,856
523
8,046
3,064
5
244,287
2,202,812
3,584,319

continued...

-21-

OASIS CHURCH COLLIERS WOOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

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 1,545,337 (1,141,338) 403,999
Restricted funds
Building Fund - (81,409) (81,409)
Building Development Fund - (25,458) (25,458)
Initiatives 200 (2,048) (1,848)
Conferences/Towards Revival Fund - 2 2
Healing Rooms - (3) (3)
Church Extension (Land and Building) - (11,773) (11,773)
200 (120,689) (120,489)
TOTAL FUNDS 1,545,537 (1,262,027) 283,510

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 (2021: £19,722) and pension contributions of £986 (2021: £986) were paid on behalf of K Clements, the wife of Trustee Mr T Clements.

-22-

OASIS CHURCH COLLIERS WOOD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other trading activities
Conferences, bookstall & sundry
Investment income
Bank interest received
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
Charitable activities
Grants to individuals		 2022
£
661,402
114,490
775,892
7,100
588
783,580
282,495
18,658
13,519
1,022
7,874
17,833
2,354
4,815
3,023
11,210
148
18,501
58,168
11,266
32,804
21,039
1,366
40,000
74,316
62
897
1,700
5,899
1,951
630,920
81,148		 2021
£
646,342
109,140
755,482
6,451
24
761,957
197,505
12,038
15,432
2,469
7,056
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
474,972
55,153

This page does not form part of the statutory financial statements

-23-

OASIS CHURCH COLLIERS WOOD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Support costs
Governance costs
Auditors' remuneration
Legal and professional fees
Total resources expended
Net income		 2022
£
8,220
1,883
10,103
722,171
61,409		 2021
£
8,186
1,545
9,731
539,856
222,101

This page does not form part of the statutory financial statements

-24-