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← Oasis Church Colliers Wood

2024-12-31-accounts

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

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OASIS CHURCH COLLIERS WOOD

GBJ Financial Limited 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 2024

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 2024

The trustees present their strategic report for the year ended 31 December 2024.

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 2024.

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 Auditor is GBJ Financial Limited, 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 2024, services on Sundays and Wednesdays continued to be streamed live, and cell groups continue to meet in person, on Zoom or a mixture of the two. Cell groups, Healing Rooms, Bible study, Pastors and Leaders meetings, youth work, children's work, the Leadership school, staff meetings and over 60s tea parties are all examples of activities that have been happening regularly during 2024. The community café which started in 2023 continues to welcome anyone from the local community every Thursday. One off events included an open Picnic in the Park, and a 24 hour worship service, which was held in December 2024. Baptismal services took place on two occasions during the year. Elders' meetings and Directors' meetings have continued on Zoom for convenience. Four 'Family Night' meetings ('business' meetings open to all church members) were held during the year and 37 new members were welcomed in 2024. The new building continues to be fully utilised with a prayer room open on weekdays, and a new media suite was also commissioned. Four interns have been employed during the year, experiencing the breadth of the ministries at Oasis Church.

Apart from at the main centre in Colliers Wood, the three church plants 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) have continued to meet, as has the Asian Fellowship centre in the main premises in Colliers Wood. The elders deployed one of Oasis pastoral staff to start and lead a new church plant in Portugal in March 2024, which is flourishing.

-1-

OASIS CHURCH COLLIERS WOOD

STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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

The Church had 504 core members and over 600 others associating with the Church as at 31st December 2024.

Leadership: The leadership structure of the Church is that there is a full-time pastor (Sam Onyenuforo),five part-time pastors who serve at our plants in Epsom, Walton, Redhill, the Asian Fellowship, and in Portugal. Staff fulfil 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. During 2024 the Elders decided to make final completion of elements of the New Building (tarmac the car park, bring front stairs into compliance with building regulations, bringing security through both buildings up to the same standard, completion of the Media Suite). Combined with significant urgent roof repairs and redecoration throughout and all the usual repairs and renewals, meant that expenditure against the budget line for the building was overspent. This was a planned once off decision.

The Company has various designated and restricted funds, listed in the accounts, including a "Jubilee Fund" that receives and distributes 10% of the Church income and other specified gifts. This Jubilee 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 24 September 2025 and signed on its behalf by:

-2-

OASIS CHURCH COLLIERS WOOD

STRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

I Berle - Trustee

-3-

OASIS CHURCH COLLIERS WOOD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024. 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 Financial Limited Statutory Auditor Sterling House 27 Hatchlands Road Redhill Surrey RH1 6RW

Bankers

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

-4-

OASIS CHURCH COLLIERS WOOD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

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 Financial Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 24 September 2025 and signed on its behalf by:

I Berle - Trustee

-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 2024 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).

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.

-6-

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

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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.

-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.

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.

-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.

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

24 September 2025

-9-

OASIS CHURCH COLLIERS WOOD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

2024
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
1,015,410
5,746
1,021,156
Other trading activities
3
7,800
-
7,800
Investment income
4
6,155
-
6,155
Total
1,029,365
5,746
1,035,111
EXPENDITURE ON
Raising funds
5
857,430
59,785
917,215
Charitable activities
6
Missions, outreach and evangelism
69,500
13,998
83,498
Social care
81,172
-
81,172
Total
1,008,102
73,783
1,081,885
NET INCOME/(EXPENDITURE)
21,263
(68,037)
(46,774)
Transfers between funds
18
(74,000)
74,000
-
Net movement in funds
(52,737)
5,963
(46,774)
RECONCILIATION OF FUNDS
Total funds brought forward
1,374,166
2,298,285
3,672,451
TOTAL FUNDS CARRIED FORWARD
1,321,429
2,304,248
3,625,677		 2023
Total
funds
£
996,960
7,350
4,858
1,009,168
765,788
63,768
91,480
921,036
88,132
-
88,132
3,584,319
3,672,451

The notes form part of these financial statements

-10-

OASIS CHURCH COLLIERS WOOD

BALANCE SHEET 31 DECEMBER 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
13
809,722
CURRENT ASSETS
Debtors
14
117,223
Cash at bank and in hand
415,286
532,509
CREDITORS
Amounts falling due within one year
15
(20,802)
NET CURRENT ASSETS
511,707
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,321,429
CREDITORS
Amounts falling due after more than one year
16
-
NET ASSETS
1,321,429
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
2,319,803
-
93,205
93,205
(16,314)
76,891
2,396,694
(92,446)
2,304,248		 2024
Total
funds
£
3,129,525
117,223
508,491
625,714
(37,116)
588,598
3,718,123
(92,446)
3,625,677
1,321,429
2,304,248
3,625,677		 2023
Total
funds
£
3,155,459
113,429
543,320
656,749
(37,175)
619,574
3,775,033
(102,582)
3,672,451
1,374,166
2,298,285
3,672,451

The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2025 and were signed on its behalf by:

I Berle - Trustee

The notes form part of these financial statements

-11-

OASIS CHURCH COLLIERS WOOD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

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		 2024
£
42,171
(4,174)
(2,072)
35,925
(50,753)
(50,753)
(20,001)
(20,001)
(34,829)
543,320
508,491		 2023
£
135,977
(7,306)
(2,253)
126,418
(31,048)
(31,048)
(31,896)
(31,896)
63,474
479,846
543,320

The notes form part of these financial statements

-12-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING CASH FLOW FROM OPERATING CASH FLOW FROM OPERATING
ACTIVITIES
2024 2023
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (46,774) 88,132
Adjustments for:
Depreciation charges 76,687 75,675
Interest paid 4,174 7,306
Finance costs 2,072 2,253
Increase in debtors (3,794) (37,171)
Increase/(decrease) in creditors 9,806 (218)
Net cash provided by operations 42,171 135,977
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.24 Cash flow At 31.12.24
£ £ £
Net cash
Cash at bank and in hand 543,320 (34,829) 508,491
543,320 (34,829) 508,491
Debt
Debts falling due within 1 year (25,005) 8,689 (16,316)
Debts falling due after 1 year (102,582) 10,136 (92,446)
(127,587) 18,825 (108,762)
Total 415,733 (16,004) 399,729

The notes form part of these financial statements

-13-

OASIS CHURCH COLLIERS WOOD

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

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...

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OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

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		 2024
£
899,476
121,680
1,021,156
2024
£
7,800
2024
£
6,155
2024
£
444,594
1,731
7,590
35,803
2,443
5,336
2,347
7,970
6
15,162
161,147
14,126
30,611
20,132
6,412
66,431
76,687
6,246
12,441
917,215		 2023
£
847,981
148,979		 2023
£
847,981
148,979
996,960
2023
£
7,350
2023
£
4,858
2023
£
399,382
5,260
5,710
27,101
2,633
5,816
2,418
7,064
2,042
13,473
83,334
9,675
29,496
27,898
2,341
46,795
75,675
9,559
10,116		 2023
£
7,350
2023
£
4,858
765,788

continued...

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OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

6. CHARITABLE ACTIVITIES COSTS

6. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
7)
£
Missions, outreach and evangelism 83,498
Social care 81,172
164,670
7. GRANTS PAYABLE
2024 2023
£ £
Missions, outreach and evangelism 83,498 63,768
Social care 81,172 91,480
164,670 155,248
8. SUPPORT COSTS
Governance
costs
£
Raising donations and legacies 12,441
Support costs, included in the above, are as follows:
2024 2023
Raising
donations
and Total
legacies activities
£ £
Auditors' remuneration 9,088 8,441
Legal and professional fees 3,353 1,675
12,441 10,116

continued...

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OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. NET INCOME/(EXPENDITURE)

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

2024 2023
£ £
Auditors' remuneration 9,088 8,441
Depreciation - owned assets 76,687 75,678

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2024
£
398,764
30,375
15,455
444,594		 2023
£
363,650
20,892
14,840
399,382

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

2024 2023
Employees 21 20

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

2024 2023
£60,001 - £70,000 1 1

continued...

-17-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
875,621
Other trading activities
7,350
Investment income
4,858
Total
887,829
EXPENDITURE ON
Raising funds
703,404
Charitable activities
Missions, outreach and evangelism
63,768
Social care
59,998
Total
827,170
NET INCOME
60,659
Transfers between funds
(68,000)
Net movement in funds
(7,341)
RECONCILIATION OF FUNDS
Total funds brought forward
1,381,507
TOTAL FUNDS CARRIED FORWARD
1,374,166		 Restricted
funds
£
121,339
-
-
121,339
62,384
-
31,482
93,866
27,473
68,000
95,473
2,202,812
2,298,285		 Total
funds
£
996,960
7,350
4,858
1,009,168
765,788
63,768
91,480
921,036
88,132
-
88,132
3,584,319
3,672,451

continued...

-18-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

13. TANGIBLE FIXED ASSETS

COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Freehold
property
£
3,745,716
50,753
3,796,469
593,290
75,929
669,219
3,127,250
3,152,426		 Plant and
machinery
£
2,117
-
2,117
1,977
35
2,012
105
140		 Fixtures
and
fittings
£
12,128
-
12,128
9,235
723
9,958
2,170
2,893		 Computer
equipment
£
6,801
-
6,801
6,801
-
6,801
-
-		 Totals
£
3,766,762
50,753
3,817,515
611,303
76,687
687,990
3,129,525
3,155,459

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
Gift aid due
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 17)
Other creditors
Accrued expenses		 2024
£
117,223
2024
£
16,316
1,873
18,927
37,116		 2023
£
113,429		 2023
£
113,429
2023
£
25,005
3,870
8,300
37,175

continued...

-19-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

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
Net
movement
At 1.1.24
in funds
£
£
Unrestricted funds
General fund
1,374,166
21,263
Restricted funds
Building Fund
1,438,272
(41,158)
Building Development Fund
520,127
(12,729)
Initiatives
90,371
(7,825)
Conferences/Towards Revival Fund
8,046
-
Healing Rooms
3,063
(438)
Other Specified Gifts
5
-
Church Extension (Land and Building)
238,401
(5,887)
2,298,285
(68,037)
TOTAL FUNDS
3,672,451
(46,774)
2024
£
92,446
2024
£
16,316
15,000
45,000
32,446
Transfers
between
funds
£
(74,000)
74,000
-
-
-
-
-
-
74,000
-		 2023
£
102,582
2023
£
25,005
15,000
45,000
42,582
At
31.12.24
£
1,321,429
1,471,114
507,398
82,546
8,046
2,625
5
232,514		 2023
£
102,582		 2023
£
102,582
2023
£
25,005
15,000
45,000
2,304,248
3,625,677

continued...

-20-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

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
Healing Rooms
Church Extension (Land and Building)
TOTAL FUNDS
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 1.1.23
£
1,381,507
1,414,031
532,856
523
8,046
3,064
5
244,287
2,202,812
3,584,319		 Incoming
resources
£
1,029,365
-
-
5,699
47
-
5,746
1,035,111
Net
movement
in funds
£
60,659
(43,759)
(12,729)
89,848
-
(1)
-
(5,886)
27,473
88,132		 Resources
expended
£
(1,008,102)
(41,158)
(12,729)
(13,524)
(485)
(5,887)
(73,783)
(1,081,885)
Transfers
between
funds
£
(68,000)
68,000
-
-
-
-
-
-
68,000
-		 Movement
in funds
£
21,263
(41,158)
(12,729)
(7,825)
(438)
(5,887)
(68,037)
(46,774)
At
31.12.23
£
1,374,166
1,438,272
520,127
90,371
8,046
3,063
5
238,401
2,298,285
3,672,451

continued...

-21-

OASIS CHURCH COLLIERS WOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

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
£
887,829
-
-
121,339
-
-
121,339
1,009,168		 Resources
expended
£
(827,170)
(43,759)
(12,729)
(31,491)
(1)
(5,886)
(93,866)
(921,036)		 Movement
in funds
£
60,659
(43,759)
(12,729)
89,848
(1)
(5,886)
27,473
88,132

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 1.1.23
£
1,381,507
1,414,031
532,856
523
8,046
3,064
5
244,287
2,202,812
3,584,319		 Net
movement
in funds
£
81,922
(84,917)
(25,458)
82,023
-
(439)
-
(11,773)
(40,564)
41,358		 Transfers
between
funds
£
(142,000)
142,000
-
-
-
-
-
-
142,000
-		 At
31.12.24
£
1,321,429
1,471,114
507,398
82,546
8,046
2,625
5
232,514
2,304,248
3,625,677

continued...

-22-

OASIS CHURCH COLLIERS WOOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

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 1,917,194 (1,835,272) 81,922
Restricted funds
Building Fund - (84,917) (84,917)
Building Development Fund - (25,458) (25,458)
Initiatives 127,038 (45,015) 82,023
Healing Rooms 47 (486) (439)
Church Extension (Land and Building) - (11,773) (11,773)
127,085 (167,649) (40,564)
TOTAL FUNDS 2,044,279 (2,002,921) 41,358

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 £19,026 (2023: £20,709) and pension contributions of £951 (2023: £1,035) were paid on behalf of K Clements, the wife of Trustee Mr T Clements.

-23-

OASIS CHURCH COLLIERS WOOD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

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
Bank loan interest
Carried forward		 2024
£
899,476
121,680
1,021,156
7,800
6,155
1,035,111
398,764
30,375
15,455
1,731
7,590
35,803
2,443
5,336
2,347
7,970
6
15,162
161,147
14,126
30,611
20,132
6,412
66,431
75,929
35
723
4,174
902,702		 2023
£
847,981
148,979
996,960
7,350
4,858
1,009,168
363,650
20,892
14,840
5,260
5,710
27,101
2,633
5,816
2,418
7,064
2,042
13,473
83,334
9,675
29,496
27,898
2,341
46,795
74,665
46
964
7,306
753,419

This page does not form part of the statutory financial statements

-24-

OASIS CHURCH COLLIERS WOOD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Raising donations and legacies
Brought forward
Bank charges
Charitable activities
Grants to individuals
Support costs
Governance costs
Auditors' remuneration
Legal and professional fees
Total resources expended
Net (expenditure)/income		 2024
£
902,702
2,072
904,774
164,670
9,088
3,353
12,441
1,081,885
(46,774)		 2023
£
753,419
2,253
755,672
155,248
8,441
1,675
10,116
921,036
88,132

This page does not form part of the statutory financial statements

-25-