Charity registration number 1158195 OASIS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
OASIS CONTENTS Pagg Chairfs statement Trustees report Statement of trustees responsibilities Independent auditorfs report Statement of financial activities 14-15 Balance sheet 16 Statement of cash flows Notes lo the financial ststemenls 18-36
OASIS CHAIR'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 A Message from the Chalr This has been a year of significant Changes for Oasis. Back in June, we held a 'lislening day, where staff. volunteers and clients shared their experiences and ideas with trustees. Hearing first-hand the passion, commitment, hard work, shared values and creative ideas of everyone at Oasis was both humbling and exating. It marked the start of a renewed commitment to connect decisiDn-making with people 'on the ground, and we are now iDurneying together towards embedding co-production in all we do. In July, we purchased 69b Splott Road, the building we have leased from the Methodist Circuit since 2014. Thanks to the Welsh Government Community Facilities Programme, Tudor Trust and Moondance Foundation for their funding support and making the purchase possible. We also transitioned to a Charitable Incorporated Organisation ICIOI during the year so our govemance structure was the most appropriate to our assets and activities. In August. Reynette Roberts MBE. our Founder and Chief Executive Officer, announced her retirement from her role after 15 years of inspirational vision and setvice. Vlhat began as a simple droTrin service with three volunteers has flourished into a vital organisation with a staff of 23, welcoming as many as 200 asylum seekers and refugees per day, with the help of over 250 volunteers. Reynette's compassion and commitment lo restoring dignity and belonging lo those Oasis serves is deeply embedded across the whole team. She leaves a strong legacy which we are excited to carry forward. In September, Oasis celebrated its 1 5th anniversary, we said goodbye to Reynette and welcomed Tomos Owen, our Integration Team Lead. as Interim CEO. Tomos has done an incredible job of Carrying us through this lime of transition. leading the team well and establishing strong foundations for this next chapter. He has led with humility, deep integrity, openness, kindness and respect, and we are so grateful for all he brings to Oasis. Following a thorough search we are delighted lo welcome our new perrnanent CEO, Susie Venlris-Field, in April 2024. As Chief Executive of the Welsh Centre for International Affairs, Susie has grown a dynamic team and developed a broad portfolio of work and brings with her a wealth of experience. Crucially, Susie shares our values and culture and a passion for Wales, vision of Sanctuary. The board of trustees has also been changing. Alison Yandall, our new Treasurer, joined us in April, and has been working closely with Helen Verily, who joined us as Chief Operating OffIr early in 2023, to ensure our systems are robust and our financial position is secure. Finally, we are delighted to welcome a new Chair in April 2024. Sally Jones-Evans brings to the board 30 years of general management and business experience, and 10 years, experien of board and charity governance in the private, public and not-for-profit sectors. Her passion for tackling injustice, and her calm, confident leadership style will be a significant asset to Oasis. The board of Iruslees would like lo thank our funders and supporters for making this work possibl& Above all, our deepest thanks lo our staff and volunteers your unwavering passion and hard work through limes of uncertainly in this year of enormous transition has been remarkable. Thank you for all the amazing work you do lo wpport people seeking asylum, offering a warm Welsh welcome. and making 'San¢luary Nation. a bil more of a reality each year. Becky Matyus, Chair of Trustees
OASIS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial slalemènts have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the ¢harily's goveming document, the Charities Act 2011 and "Accounting and Reporting by Charities." Slalemenl of Recommended Practice applicable lo charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" ObJectlv&s and actlvltles Introduction For a more visual representation of 2023, our Im Our Vision To provide a warm Vvelsh welcome to asylum seekers and refugees. Our Mls$lon To help asylum seekers and refugees integrate into their local and wider Welsh communities. Our Values At Oasis we.. Engage We are a welcoming community who value empowering and restoring the dignity of every individual, helping them lo flourish in Wales. Involve We look lo co-produce and co-deliver our activities and services wth clients and provide a safe Spa for them lo build community and networks of support. Integrate As a Nation of Sanctuary, Wales welcomes asylum seekers and fUgeeS who enrich our communities wth their diverse skills, cultures and languages. Our pernianent home We were thrilled to purchase 69b Splott Road as our permanent home this year, thanks to the Welsh Government, Moondance and Tudor Trusll Owning the building gives u5 an opportunity lo plant roo15, enhance the building to beneff( our clents, and lo make our operations more sustainable and environmentally friendly. We carried out a sutvey with 54 of our service users... 96% said Oasis feels like a community 89.fi said the building is very inviting
OASIS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements and perfom)ance What a year it's beenl We are so grateful lo everyone who helped make 2023 a success. January." Oasis opens as a warm space on Saturday mornings - offering soup and a cuppa to our clients and neighbours. February. We won the He8h & Well-Being award for Mind-spring al the Cardiff Life Awards. March.. We held an Open Day, welcoming our community to Celebrate our impact in 2022. March.. Oasis celebrated Nowruz in collaboration with Welsh National Opera. April.. Natacha rLJns the London Marathon. raising £1.500 for Oasis May.. Oasis raises money for Mind-spring dLJring Mental Health Vveek, doubling donations with the help of The Big Give. June.. Cawryn Ellis, The Gentle Good and Parisa Fouladi play a gig al Cb Ifor Bach in Refugee Week. July." Oasis food trailer at Ta1 and Our Lens, Our Story exhibition al The Old Library in collaboration with ffoto and Menlercaerd dd August". Wlh the support of the Welsh Govemment, we buy our buildingl August." Greenman festival September.. We celebrate our 15th anniversary October.. Cardiff Marathon. Secret Garden Takeover November.. Oasis is part of the Ci>op Local Community FLJnd December.. Our Christmas Imsh campaign beats its target Journey through Oasis Take a journey through Oasis lo understand the wide-ranging support, services and activities we offer to aSuM seekers and refugees al every point in theirjoumey through the asylum process. Arrlval at Oasls In 2023, we welcomed over 3,500 asylum seekers and refugees lo Oasis wth a wami Welsh welcome. Every new arrival is welcomed by a dedicated Reception volunteer. Visitors meet one of our Triage Officers who play a pivotal role in carrying out a basic needs assessment to assess the most appropriate assistance required and begin signposting clients lo ServIS and support available al Oasis. We can provide emergency support or advocate on behalf of people facing issues with housing or finance. Where appropriate, we engage with other agencies lo ensure our clients receive the necessary support. Case study '1 became an asylum seeker in November 2018. 1 foun(l out about Oasis a few weeks later Ihmugh Mwant Help. I was living a shad house and I was really sIggling with the kS and had no place to go for anything. I didn't know anyone. I started coming lo Oasis and went to the Women's groups, the English classes and [an Oasis staff member] helped me to enrol at Cardiff and Vale College. l enjoyed conving for a cup of coffee and lo relax, I believed the people ther8 f< for me, they understood wh&re I came from and they underslood my troubles. Oasis cfftated a fabulous community formy kids lo play, lo blend, somewhere they could belong. Oasis helped me lo see that lin not an ext in this place, lin not a useless pe, you just need to be persistent. Oasis gave me confidence lo start a new Caer and start a new job. I would encourage anyone who can help with doi?alions or funding or volunteenng al Oasis to help because asylum seekers need places that give us a point to start with, to integrate, lo feel home, to feel safe and unjudged, whatever their background, whatevei they are suffering, whatevertheir id&nlNty. It's a place lo be 'you' and f&el love and acceptance.
OASIS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Gettlng Settled Arriving in a new country and not knowing the systems in place to access support can be overwhelming and challenging, particularly with a language barrier. Navigating processes - how to pay bills, the education and health care systems. and aSsing employment carries an added element of difficulty. We help people seeking sanctuary integrate into life in the UK wth a wide range of support services. casewo support.. A critical part of our work is sirnply to listen, and then advise and support asylum seekers on integrating in the UK. Our Integration caseworkers specialise in one-t¢>one support on a variety of complex issues - enrolmenl in schools. access to medical care. solicitors and legal support, and help with finance and budgeting. During 2023, we delivered casework support for 1,100 people across 3,945 appointments. Parenl and Child Joumey Our Families Triage OffIr at Oasis runs the Parent & Child Journey project lo empower and support families as they navigate the complexities of settling In the UK. This four-week program is led by someone with lived experience of seeking asylum, and focuses on communicab.on skills and play techniques. Parent5 are familiarised with children's rights in the UK, which can differ significantly from their home country, and enhances the well-being and welfare of the parent and child. In a re¢enl survey of 32 participants, 1000kn found the project beneficial, noting improvements in Confidence and a heightened sense of connertion within their family. English classes at Oasis.. Language is key to integration in the UK, and al Oasis we run daily drop-in classes that cater to all levels. Every week we offer 25 hours of free classes in English and Welsh. Classes are infomial and address learnws, real-lrfe experience and needs, improving language skills, cultural understanding and confidence. As safe Spa5, our language classes allow for open discussion on a range of topics, from housing lo finan5, building vital social bonds among newcomers. Case study In January 2023, Amir (name changed) was assessed by REACH as Pre-Entry and was told he could not start college until September. Instead, he came regularly to Oasis classes. Prior to his college course, Amir was reassessed by REACH as Entry 2, effectively skipping levels that would have taken two years to o)mplete. Amir attributes this lo the'friendly, nature of Oasis, ESOL provision that encourages authentic communication. Mental Health Support Seeking sanctuary Can be an incredibly isolating and difficult process. We take a proactive approach, addressing the mentsl health challenges that asylum seekers face by connecting individuals with resources lo empower and equip them with the necessary tools lo acclimalise lo life in the UK and cope ¥Mth the challenges Ih&y experience. Mind-spnng.. Mind-spring is a 7 week group course designed to increase awareness of the psychological prosseS around trauma. Participants develop a sense of personal autonomy and learn effective coping mechanisms to deal wf(h the challenges they face. The strength of Mind-spring is rooted in ils development and delivery by refugees and asylum seekers, making il a highly innovative programme. Topics remain pertinent lo the specific challenges migrant communities face and each cohort is run in the mother tongue of each group- currently available in 11 languages. In 2023, we worked in partnership with other organisations to develop an effective way to evaluate the impact and success of the Mind-spring programme. Using the NHS Patient Health Questionnaire IPHQI and WHO-5 Wellbeing Index, we can track the mental health of participants and determine outcomes, comparing their responses at the beginning and end of the programme and thus determining Its impact. In 2023 we fallted 12 cohort5 in 8 languages, supporting 113 sanctuary seekers wth their mental health and welkbeing.
OASIS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 From survey data, 360k of participants fell 'cheerful and in good spirits, all or most of the time prior to taking part in Mind-spring,. after the programme, this increased lo 650kn who fell 'cheerful and in good spirV(s' al or most of the lime. The DerS.. This co-produced project aims to support young people with their mental health through discussion groups and advisory panels lo explore the issues they face. In 2023, the project engaged with 116 people aged 16 to 25, including a number of Unaccompanied Asylum Seeking ChilLlren IUASCI. We collaborated with public and third sector organisalions and NHS departments including Ffologallery, Museum Vwales, Flatfotm, Cardiff Council, Cardiff University, Mess Up The Mess, Princes Trust and the NHS DHI Department. Houslng Support Thrive at Home aims to help refugee families settle into their new home, increase access to support ServIS and facilitste their integration. Secure and sustainable housing plays a critical role in the overall well-being and successful settlement of refugees. C{production is a key element, as an individual's experiences informs the housing support services provided by Oasis. This includes housing workshops, drop-in advice sessions, and improved referral pathways with organisalions such as Speakeasy Advice Centre and Welsh Refugee Council Move On Services. Case Study Layla Iname changed) was referred to the Housing Officer al Oasis. She had recently had a baby, her fourth child, and was complaining about back pain. In conversation with Layla, we leamed that due to their recently granted refugee status and low income, the family were unable to afford a bed and were sleeping on an uncomfortable mattress on the floor, which aggravated her back pain. As refugees on low income, Layla and her husband are enliued to a Discretionary Assistance Fund IDAFI from the Welsh Government. The fund aims lo help families obtain essential furniture. Our Housing Officer, Deena, helped Layla lo submit a DAF application. In less than a month the couple had a new bed and her sleep and her overall well-being has improved. Layla is very grateful for the support provided by Oasis. Volunteering Opportunitias We are thankful for our loyal pool of volunteers who offer over 400 work hours to Oasis every week Their extraordinary commitment enables us lo deliver a wider range of services and projects. We welcome over 280 volunteers, many of whom have lived experien of the asylum process. Volunteering enables our clients to grow in confidence, learn new skills, Improve their English and build relationships with the local community. Their contribution makes Oasis the place it is. Recognising the pivotal role our volunteers play, we encourage their involvement in shaping the ongoing development of Oasis. Participation in meetings fosters a sense of belonging, ownership and Collaboration. Our Volunteer Coordinator. holds regular events and monthly raffles, with opportunities for volunteers to connect and contribute to Oasis. This sense of community is vital to the SucsS and atmosphere of Oasis. A leslament to our commitment to exllen, Oasis achieved the WCVA Investing in Volunteers Qualty Standard in 2023. This milestone reflects the value we place on volunteering and ensures people know the impact their contribution makes to our work. 'Th8 fi1 place that helped lo improve my mental health since anFving in Cardrff was Oasis. The fi1 m&mb8r ol staff I mel made me feel $0 welcome. Oasis is an amazing place and l always fe81 beller after I'v& been there. I now feel part of a community and when l am walking in Cardiff l am greeted by people from Oasis, I feel I have started to make friends. Reception volunteer at Oasis Food at Oasis Every weekday we serve a nutritious lunchtime meal lo asylum seekers and refugees through our project, The Plate. This plays a pivotal role in relieving financial hardship and offering consistent support for people. We also provide exira meals to client5 who lack cooking facilities and face destitution or financial challenges.
OASIS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our kitchen team is fully trained in the preparation of healthy, cost-effeclive meals, continually exploring recipes within our food budget while maintaining nutritional value, safety and hygiene. Our unique kitchen environment appeals to individuals, both locally and from our client group, who support Oasis through a shared love of food. Meaningful relationships have flourished bebNeen people who may not have crossed paths before meeting in the kitchen. It's a safe space for volunteers lo learn about the people behind the label asylum seeker and fUgee and allows for understanding and awareness built on kindness - and cooking togetherl The escalating cost of ingredients posed a significant challenge lo our lunch service this year. sought food donations from our local community, foodbanks and allolmenls across Cardiff. Receiving an abundance of vegetable donations has allowed our kfcchen team to prepare healthy and cosl-effective meals. While The Plate came to an end in 2023, we are excited to launch our new kitchen project, plat Mawr. Covering many of the same aims, Plat Mawr will continue lo provide a daily weekday meal to people seeking sanctuary but will also introduce cookery workshops. These will equip our clients with the knoTMedge lo cook nulrilious meals on a budget using a variety of equipment, and bridge language barriers that might pose an issue when food shopping. Of 66 clients surveyed, 79% said that receiving a lunchtime meal al Oasis helps them with the rising cost of food. 39,873 meals served in 2023. Case Study Rita first came to Oasis as an asylum seeker, and soon began volunteering in the kitchen. When she initially came to Oasis, she was struggling with her mental health. The kitchen team supported and encouraged her to come to Oasis and meet people, rather than being isolated al home. Rita is passionate about helping people in need. As a member of the Plate team at Oasis, seeing clents enjoying the food she prepares helps wth her sense Df well-being and self-confidence. As soon as Rita gol her slalus and was eligible to work, she joined the team as a Kitchen Assistant. She shares dishes and flavours from her culture, Including her famous jollof rice. Rita says 'Volunleering [al Oasis] prepared me for the futu by leaching a lol of things, like hokv lo handle the kitchen. I leamed how lo talk to people and approach people. 118amed about cultural expectations in the LIK., OurThanks Our funders enable us to offer meaningful, holistic and consistent support to refugees and asylum seekers across Wales. We owe you all a heartlelt Thank You for your support of our work. Tudor Trust Nationwide The National Lottery Welsh Government People's Posl¢ode Lottery Garfield and Weston AB Charitable Oak Foundation Community Foundation Wales Comic Relief Moondan Heritage Lottery Fund Migrant Help And to our funders that wish lo contribute qui811y.
OASIS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our 88 regular donors provide consislenl generosity and support. Your donations make a difference lo the lives of people seeking sanctuary. Your support is invaluable. Collaborating with our creative and innovative partners continues to strengthen our provision of engaging services and activities and enhances their quality and impact. Looking ahead We are excited for the year ahead and look forward lo welcoming our new CEO, Susie Ventris-Field in the Spring. Susie is passionate about helping Vwales become a Nation of Sanctuary and helping Oasis in the next stage of our journey. .1 f881 incredibly privileged and 8xciled to join lh8 team al Oasis. l am looking fonvard lo listening, leaming and CCreatIng a SttegY that builds on all the slrengfhs Oasis already has so we can continue to support cunEllt and futu clients an(1 play a part in making sure Wales is tmly a nation of sanctuary.. Susie Ventris-Field At such a crucial Iransilion, Oasis will be working wth key stakeholders lo run a multilingual consullalion to develop our strategy, which we hope will meet the needs of our present and future dients. Cc>produclion is essential lo ensuring the views of people seeking sanctuary are at the heart of our organisational growth and development. Operating as a frontline regional charity, we are hopeful that the strategy will infomi how we can effectively hamess our influence on a national scale lo shape syslemalic change. Here's to a brilliant 2024 of growth where we continue to bLJild and develop our relationships within our community. As always, we will endeavour to remain a warm and welcoming space for asylum seekers and refugees, empowering and restoring the dignity of individuals seeking sanctuary. Flnanclal rovlew The nel surplus for the year was £388,273 12022.. £33,384 deficit). Unrestricted funds showed a surplus of £2,37512022." £31,660 dttficitl, with restricted funds showing a surplus of unspent funds received in the year of £85,89812022. £1,724 deficill. The funding of £300,000 from Welsh Government for the purchase of the bLJilding, and £20,000 from Tudor Trust received towards the cost of purchasing the building has been classified as a restricted capital fund in the year. Unrestricted funds at the year-end are showing a deficit position of £61,22512022.. £63,600 deficit). The charity has carried forward into 2024 reslricled revenue funds of £228,785 12022.. £142.8871 to enable the charity to continue activities as described in note 20. Risk Management Policy The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place lo mibgale exposure to major risks. A Risk Management Policy outlines the charity's overall approach to managing risk. As part of this, the Risk Register is reviewed at every Finance and Risk Committee Meeting and Trustee meeting. Reserves Policy The TrLJStees have set a policy with a medium-temi goal to hold an unrestricted reserve suificient to restructure or dissolve the Charity in the event of an unexpected loss of income, or inability to balance our income and expenditure. On the basis of our current operating CDSts, the target reserves policy is sel al £85,665 of unrestricted reserves. The Trustees recognise that they do not hold unrestricted reserves to this value al present, and have sel a plan with senior management lo advan towards f( al pace. The Reserves Policy is reviewed annually as a minimum and more regulady should circumstances require Ifor example, an increase or decrease in our annual turnover, or any material change in our activities). This Reserves Policy was reviewed, updated and approved by the Oasis Trustees on 9 August 2024, in line with guidance by the Charity Commission.
OASIS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, gov8rnanca and management Organisational structure The charity Icharily number 11581951 is a Charitable Incorporated Organisalion and is controlled by its governing document. The CIO was registered on 8 August 2014. On 31 July 2023 the assets, liabileS and activities were transferred into the CIO from the previous unincorporated trust (charity number 11313061. Recruitment and appointment of trustees Trustees are appointed at a general meeting., the members of the charity may, by ordinary resolution, appoint a ttuslee or the Iruslees may appoint a trustee themselves. A trustee is appointed and holds office until the next Annual General Meeting. If not re-appointed at the AGM they should then vacate office. New Iruslees are given an induction lo the organisation and their responsibilities. Key Management Personnel The key management pèrsonnel are considered lo be the the CEO and Deputy CEO. Trustees receive no remuneration.
OASIS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Reference and Admlnlstratlve Detslls Charlty Name Oasis Charty Number 1158195 Trustees The trustees who served during the year under review and since the year end were as follows.. Sally Jones-Evans- appointed 29 February 2024 Alison Yandall appointed 20 April 2023 Ewen McAlpine Rebecca Matyus Michael Ash-Edwards Hani Shadad Dr Eleanor Morgan Prln¢lpal Offlce 69B Sploll Road Cardiff CF24 2BW Auditors Azels Audit Services Ty Drew Lime Tree Court Cardiff Gale Business Park Cardiff CF23 8AB Bankers Sanlander Customer Service Centre Bridle Road Boolle Merseyside L30 4GB Key Management Personnel Mrs R Roberts MBE- CEOIDireclDr to September 2023 Mr R Eynon- Deputy CEO to December2022 MrT Owen- Interim CEO from September 2023, Deputy CEO from March 2024 Ms S Venlris-Field- CEO from March 2024 The trustees report was approved by the Board of Trustees. A Yandall Dated.. 12 September 2024
OASIS STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees are responsible for preparing the Trustees Report and the financial stslements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view Df the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financi81 stslemenls, the trustees are required to". select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting stsndards have been followed, subject lo any material departures disclosed and explained in the financial statements", and prepare the financial stslements on the going concern basis unless il is inappropriate to presunE that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply wth the Charities Act 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 10-
OASIS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF OASIS Oplnlon We have audited the financial statements of Oasis (the 'charity'l for the year ended 31 December 2023 which comprise the statement Df financial activities, the balan sheet, the statement of cash flows and notes to the financial stslemenls, including significant accounting policies. The finanaal reporting framework that has been applied in their preparation Is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the finanei81 slatemenls". give a true and fair view of the slate of the charity's affairs as at 31 December 2023 and of its incoming resources and appli¢alion of resources. for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorts spOnSIbl1rt1eS for the audit ol the financial slalements section of our report. We are independent of the charity 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 obtsined is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatemenls, we have concluded that the trustees use of the going concem 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 UnrtaIntieS relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial slalements are authorised for issue. Our responsibilities and the responsibilities of the trustees wth respect lo going concern are described in the relevant sections of this report. Other inforniation The other information comprises the information included in the annual report other than the finala1 statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opiniDn on the financial statements does not cover the other infomialion and we do not express any fomi of assurance conclusion Ihereon. Our responsibility is lo read the other Information and, in doing so, consider whether the other Information is materially inconsistent wth the financial slalements or our knedge obtained in the course of the audit, 01 otherwise appears to be materially misstated. If we identify such malerral Inconsi51encies or apparent material misstslemenls, we are required lo determine whether this gives rise lo a material misstalemenl in the financial stslemenls themselves. If, based on the work we have performed, we conclude that there is a material misstslement of this other information, we are required lo report that fact. We have nothing to retx)rt in this regard. Matters on which wg ar& requirod to report by 8xception We have nothing to report in respect of the followng mallers in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us lo report lo you if, in our opinion.. the infomiation given in the financial ststemenls is inconsislenl in any material respect with the trustees report., or sufficient accounting records have not been kept,. Dr the financial slalements are not in agreement with the accounting records.. or we have not received all the information and explanations we reqLJire for our audit.
OASIS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OASIS Responslbllltles of trustees As explained more fully in the staternent of trustees responsibilities, the trustees are responsible for the preparation of the finanaal statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees delemiine is neSSary to enable the preparation of financial statements that are free from material misslalement, whether due lo fraud or error. In preparing the financial stalemenls, the trustees are responsible for assessing the charity's ability lo continue as a going concem, disc105ing, as applicable, matters related lo going concern and using the going concem basis of accounting unless the Iruslees either intend to Cease operations, or have no realistic altemalive but to do so. Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under se¢lion 144 of the Charities Act 2011 and report in accordan ¥Mth the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misstatement, whelher dLJe to fraud or error, and to iSSLJe an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslalement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or In the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https.'Il www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report. Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities, Induding fraud, are instances of non-compliance with laws and regulations. We design procedures in line wth our responsibilities, outlined above on the Financial Reporting Council's website, lo delect material misslalements In respect of irregularities, including fraud. We obtain and update our understanding of the enlily, its activities, ils control environment, and likely future developments, including in relation lo the legal and regulatory framework applicable and how the entity is ¢omplying with that frameworf(. Based on this understanding. we identify and assess the risks of material misstatement of the financial stslements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary lo applicable laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which induded". Enquiry of management and those Charged with governan around actual and potential litigation and claims as well as actual, suspected and alleged fraud., Reviewng minutes Df meetings of those charged with governance., Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the enlily through enquiry and inspection,. Reviewing financial statement disclosures and testing to supporting documentation lo assess compliance with applicable laws and regulations", Performing audit work over thè risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness. evaluating the business rationale of significant Iransa¢lions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including those leading to a material misslalement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wlh a law or regulation 15 removed from the events and transactions reflècted in the financial stalemenls, as we will be less likely lo become awarè of Instances of norpcomplian¢e. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentslions, or the override of intemal control. 12-
OASIS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OASIS Other matters Under the Charities Act 2011, the charity was exempt from audit for the year ended 31 December 2022. As a consequen, the financial statements of the charity for the year ended 31 Dember 2022, which form the basis for the corresponding figures presented In the current period's finanaal stalemenls, were unaudited. For the year ended 31 Dernber 2023, the trustees were no longer able lo lake advantsge of the exemption from audit available under the Charitie5 Act 2011. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" las amended) in preference lo the Accounting and Reporting by Charities." Slalement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations bul has now been withdrawn. This has been done in order for the finanryal slalements lo provide a true and fair view in accordance with current GenerallyAccepled Accounting Practice. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities IAccounls and Reportsl Regulations 2008. Our audit work has been undertaken so that we might stale lo the charity's trustees those matters we are required to slate lo them In an auditor'5 report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have fomied. Aw hthF 17 September 2024 Azets Audit Services Charter9d A¢¢ountsnts statutory Auditor Ty Derw, Lime Tree Court Cardiff Gate Business Park Cardiff United Kingdom CF23 8AB Azets Audit Services is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006. 13-
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OASIS BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Flxgd assets Tangible assets 14 327,932 37,247 Current assets Debtors Cash at bank and in hand 15 47,043 217,989 103,225 140,139 265,032 243,364 Creditor$: amounts falllng dug wlthln one year 16 1109,1811 1181,1571 Net current assets 155,851 62.207 Total assets less current Ilabllltles 483,783 99,454 CredFtors: amounts falllng due after more than one year 18 116,2231 120,1671 Not assets 467,580 79.287 Income funds Restricted funds- general Restricted funds- Caprtal Funds Unrestricted funds 20 21 228,785 300,000 161,2251 142,887 163,6001 467,560 79,287 The financial statements were approved by the Trustees on . 12 September 2024 A Yandall Trusta8 16-
OASIS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from opgratlng actlvltlgs Cash generated from operations 25 79,079 106,295 Investing activities Restricted capital funding Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Investment income received 300,000 1300,0001 12,0091 1,126 378 Net cash generated fromllused inl Investing activities 378 18831 Financing activities Repayment of bank loans 11,6071 Net cash used In flnanclng actlvltles 11,6071 Net increase in cash and cash equivalents 77,850 105,412 Cash and cash equivalents at beginning of year 140,139 34,727 Cash and cash equivalents at end of year 217,989 140,139 17-
OASIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charity infomiation Oasis is a charitable incorporated organisats'on. The principal Offi is 69B Splott Road, Cardiff, CF24 2BW. 1.1 Accountlny conventlon The financial statements have been prepared in accordance wth the charity's goveming document, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The financial slalements have departed from the Charities (Accounts and Reportsl Regulations 2008 only lo the exlenl required lo provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn. The financial stslemenls are prepared in sleding, which is the functional currency of the charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 18-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng poll¢lg$ Icontlnugdl Morygr accounting The financial statements represent the combined finanaal position of Oasis Cardiff (Charity Number 11313061 and Oasis (Charity Number 11581951. On 31 July 2023 the assets, liabilities and operations of Oasis Cardiff were transferred into Oasis. In accordance with the SORP, as the conditions of this ieconslruclion being Irealed as a merger were mel, the principles of merger accounting have been adopted lo account for this Iransaclion. Current Reporting Period Oasis Cardiff Pre-merger Oasis Pre. Merger Oasis Post-merger Total Total Income Total Expenditure Nel incomellexpenditurel Other gainslllossesl Net movement in funds 1,071,680 628,930 442.750 406.817 461,293 154,4771 1,478,497 1,090,223 388,273 442,750 154,4771 388,273 Previous Reporting Period Oasis Cardiff Oasis Total Total Income Total Expendiluie Net incomel ex enditLJre Other gainslllossesl Net movement in funds 977.344 1,010,728 33.3841 977.344 1,010,728 33.3841 133.3841 133.3841 Total funds brought forward Total funds carried forward 112.871 112,671 112.871 112,671 Ana sis of net Assets at the date of Me er Oasis Cardiff Oasis Total NetAssets 522,037 522,037 Represented by- Unrestricied Funds Reslricled Capital Funds Restricted Funds 43.015 300,000 179.022 522,037 43.015 300,000 179.022 522,037 Total Funds 19-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng poll¢lg$ Icontlnugdl 1.2 Golng ¢oncgrn Trustees are aware of the current deficit on unrestricted reserves however plans are ongoing lo address this wth 2024 results to dale and 2025 projections indicating improved performance. Increased levels ol fundraising and sound financial management underpin future plans lo reduce this deficit. Al the time of approving the financial slalements. the Iruslees therefore have a reasonable expectation that the charity has adequate resources lo Continue in operational existence for the foreseeable ftjlure. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are funds which are available for use at the discretion of the charity's members in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. These funds are for use in a particular area or for specific purposes, the use of which is restricted to that area of purpose. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance condity'ons have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance condrtions require deferral of the amount. Income lax recoverable in relation to donations receivèd under GiftAid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or otherwse if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Incoming resources from charitable activities includes income received under contract or where enlillemenl lo grant funding is subject lo specific performance conditions. This income is recognised as the lated sèrvices are provided and there is enlillement, probability of receipt and the amount can be measured with sufficient reliability. In¢ome is deferred when the amounts received are in advance of the perfomiance of the service or event to which they relate. 1.5 Expenditure Expenditure is re¢ognised once there is a legal or constructive obligation to make a payment to a third party, il is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes all costs relating to the furtherance of the charitys objectives as slated in the trustees report and their associated support costs. Suptx)rt cost5 have been allocated between governance costs and other support. Support costs included central functions and have been allocated lo activty cost categories on a basis consislenl with the use of resources. Governance costs Comprise all costs involving public accountability of the charity and ils compliance with regulation and good practice. -20-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng poll¢lg$ Icontlnugdl 1.6 Tangibl8 fixad assets Tangible fixed assets are inf(ially measured al cost and subsequently measured al cost or valuation, net of depreciation and any Impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and buildings Fixtures and fittings Motor vehicles Land not depreciated. Buildings 2°A straight line basis 250/0 reducing balance 25Qh reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Freehold Building depreciation - no depreryalion will be Charged in the year of acquisition, and a full yeaff s depreciation will be Charged in the year of disposal. Items purchased over a value of £1,000 are capitalised. Below this level the items are expensed through the income and expenditure account. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impaimienl loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 1.9 Financial instruments The charty has elected to apply the provisions of Section 11 'Basic Financial InstTuments' and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sellle on a net basis or lo realise the asset and setue the liability simultaneously. BasiTC financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. 21
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng poll¢lg$ Icontlnugdl Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and subslanlially 811 the risks and rewards of ownership to another enlily, or rf some significant risks and rewards of ownèrship are retained bul control of the asset has transferred lo another party that is able lo sell the asset in its entirely lo an unrelated third paty. Basic financial liabilitses Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable thin one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are dis¢harged or cancelled. 1.10 Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required lo be recognised a5 part of the cost of stock or fixed assets. The cost of any unused holiday enlidemenl is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. 1.11 Ratiroment bgnefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Taxation As a registered charity, Oasis Cardiff is enlilled lo the exemption from laxalion in respect of income and Capital gains received writh sections 521-536 of the Income Tax Act 2007 and section 256 of the Taxation of Chargeable Gains Act 1992 to the exienl that these are applied lo ils charitable objects purposes only. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other Sour$. The eslimales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. -22-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donatlons and legacles Unrestricted Unrestricted funds funds 2023 2022 Donations and gifts Grants re1vable for core activities 89.259 62,500 57,775 125,000 151,759 182,775 Donations and gifts Donations Gift aid 83,312 5,947 56,195 1,580 89,259 57,775 Grants receivable for core activities The Tudor Trust 62,500 125,000 62,500 125,000 -23-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltable actlvltles Charitablg Charitablg Income Income 2023 2022 Grants Support services income Rentsl income 1,160,805 60,864 31,821 570,135 138,045 27,162 1,253,290 735,342 Analysis by fund Unrestricted funds Restricted funds - Capitsl Funds Restricted funds- general 341,203 320,000 592,087 294,680 440,662 1,253,290 735,342 Grants Big Lottery Comic Relief Nationwide Building Society HL Blancott MOOndan FoLJndation BL Mind our Futurès Communty Foundation in Wales Oak Foundation Tudor Trust Welsh Government Other 102,681 54,000 101,077 24,829 25,000 183,422 72,212 96,398 60,000 72,325 24,788 85,417 20,000 300,000 277,582 231,207 1,160,805 570,135 Other tradlng actlvllles Unrestrlcted Unrestrlcted funds funds 2023 2022 Website sales Catering income 755 63,908 1,041 51,863 Other trading activities 64,663 52,904 -24-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Investments Unrestricted funds Total 2023 2022 Interest receivable 378 Other income Unrestricted Unrestricted funds funds 2023 2022 Miscellaneous income 8,407 6,323 -25-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 8 Charltable actlvltles 2023 2022 staff costs Depreciation Staff travel Staff training Legal and professional fees Food provisions & other provisions Project expenses Professional and ¢onsullancy project costs Bad debts written off Staff welfarè English language teaching costs 614,044 1,482 8.152 7,634 19,545 651,421 1,976 11,915 21,097 2,515 135,720 43,139 2,532 118 40,218 57,173 31,318 142 41,557 872,585 819,114 Share of support costs (see note 101 Share of governance costs Isee note 101 129,714 29,831 123,774 24,691 1,032,130 967,579 Analysis by fund Unreslricled funds Restricted funds - Capitsl Funds Restricted funds- general 524,214 20,000 487,916 526,763 440,816 1,032.130 967.579 Raising funds Unrestricted Unr9Stricted funds funds 2023 2022 Goods sold including catering costs 58,094 43,149 58,094 43,149 -26-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 Depreciation Rent Light & heat Insurance Telephone & IT services Stationery & postage Premises repairs & maintenance Irrecoverable VAT Miscellaneous Costs Subscriptions ProfiVLoss on sale of fixed assets 7,833 14,192 38,839 4,799 7,347 2,924 7,833 14,192 36,839 4,799 7,347 2,924 10,258 18.303 12,442 5,343 9.849 6,332 10,258 18,303 12,442 5,343 9.849 6,332 22,926 17,912 8,334 8,884 22,926 17,912 6,334 8,884 38,320 11,321 4,159 10,180 38,320 11,321 4,159 10,180 12761 12761 12,7331 12,7331 Book keeping and accountancy fees Independent examiners fees Audit fee5 17,831 17,831 18,341 18,341 6,350 6,350 12,000 12,000 129,714 29,831 159,545 123,774 24,691 148,465 Analysed betteen Charitable activits'es 129,714 29,831 159,545 123,774 24,691 148,465 Governance costs indudes payments of £12,000 for the 2023 audit 12022." £6,350 for indepèndent examination). 11 Employees The average monthly number of employees during the year was". 2023 Number 2022 Number Office staff 26 28 Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 562,708 40.357 10,979 593,850 46.787 10,784 614,044 651,421 -27-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Employ99$ Icontlnugdl Employees earning > £60k ND employee earned more than £60,000 during the current or prior period. Key management personnel The gross benefits received by key management personnel lotslled £85,341 12022". £107,468). Redundancy and termination costs During the year the charity made redundancy payments tolalling £5,61312022' £6,000). There were no employees whose annual remuneration was more than £60,000. 12 Trustees None of the Iruslees lor any persons connected with them) ceiVed any remuneration or benefits from the charity during the year. 13 Taxation The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo ils charitable objects. 14 Tangible fixed assets Land and Fixtures and Motor vehicles buildings fittings Total Cost At 1 January 2023 Additions Disposals 95,275 27,507 122.782 300,000 110,4621 300,000 110,4621 Al 31 December 2023 300,000 84,813 27,507 412,320 Depreclatlon and Impalment Al 1 January 2023 Depreciation charged in the year Eliminated in respect of disposals 72,969 5,572 110,4621 12,566 3,743 85,535 9,315 110,4621 At 31 December 2023 68,079 16,309 84,388 Carrylng amount At 31 December 2023 300,000 16,734 11,198 327,932 Al 31 December 2022 22,306 14,941 37.247 -28-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Debtors 2023 2022 Arnounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 44,525 95,672 3,264 4,289 2,518 47.043 103,225 16 Crgdltors: amounts falllng du9 wlthln ong year 2023 2022 Notes Bank loans Other taxation and social security Deferred income Trade creditors Other creditors Accruals 19 2,337 15,929 17,763 128,633 29.552 1,692 3,517 17 61,213 1,973 27,729 109,181 181,157 17 Deferred Income 2023 2022 Other deferred income 128,633 Deferred income is included in the financial statements as follows.. 2023 2022 Deferred income is included within.. Current liabilities 128,633 Movements in the year.. Deferred income al 1 January 2023 Released from previous periods Resour$ deferred in the year 128,633 1128,6331 23,412 123,4121 128,633 Deferred income al 31 December 2023 128,633 -29-
OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Credltors: amounts falllng due after more than one year 2023 2022 Notes Bank loans 19 16,223 20,167 19 Loans and overdrafts 2023 2022 Bank loans 18,560 20,167 Payable wthin one year Payable after one year 2,337 16,223 20,167 The loan is unsecured with interested charged at 30h per annum. 30-
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OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Restrlcted funds - Capltal Funds These are restricted funds which are material to the charity's activities made up as follows". Balance at 1 January 2023 Incomlng r8sourc88 Resourc88 Balanco at expended 31 Docemb8r 2023 Welsh Government Capital fund Tudor Trust 300,000 20,000 300,000 120,0001 320.000 120,0001 300,000 Welsh Govenment - provided a capital grant in the year in order to purchase the charity's operating base at 69 Splott Road. Cardiff. See Note 14. Tudor Trust- funding provided towards costs in relation lo purchasing the property. 34-
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OASIS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 23 Related party transactlons During 2023 £Nil12022 £5,840) was paid to Redefined Futures Limited. The fomer CEO, fomer Deputy CEO and his wife are directors of the company. 24 Operating lease commitments Al the reporting end date the charity had oulstsnding ¢ommilmenls for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2023 2022 Within one year Between two and five years In over five years 2,720 6,719 167 2,635 6,029 9,606 8,664 25 Cash generated from operations 2023 2022 Surpluslldeficill for the year 388,273 133,3841 Adjustments for". Investment income recognised in statement of financial a¢livf(ies Restricted capital funding Depreciation and impairment of tangible fixed assets 13781 1300,0001 9,315 12,234 Movements in working capital". Decrease in debtors Increase in creditors IDecreasellincrease in deferd income 56,182 54,320 1128,6331 633 21,591 105,221 Cash generated from operations 79,079 106,295 26 Anatysis of changes in net funds At 1 January 2023 Cash flows At 31 D8cemb8r 2023 Cash al bank and in hand 140,139 77,850 217,989 Loans falling due within one year Loans falling due after more than one year 12,3371 3,944 12,3371 116,2231 120,1871 119,972 79,457 199,429 36-