Charlty reglstratiDn number 1159713 (England and Wales} OASIS COMMUNITY CHURCH ABERDARE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Caladine Chortered Cerlified Accountants
OASIS COMMUNITY CHURCH ABERDARE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Richards Mr J Davies Mrs L Durkin Miss B Harris Mr L Neyton Mr G Lewis (Appointed 25 November 2024) Charity numbqr IEngland and Wales) 1159713 Independent examiner John Caladine FCCACTAFCIE Caladine Limited Chantry House 22 Upp8rton Road Eastbouma Easl Sussex BN21 1BF
OASIS COMMUNITY CHURCH ABERDARE CONTENTS Page Trustees, report Independent examinerfs report statement of financial activpbes statement of financial position Notes to the financial ststements 7-17
OASIS COMMUNITY CHURCH ABERDARE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and ffinancial statements for the year ended 31 March 2025. The financial statements h3ve been prepared in accordance with the accounts.ng policies set out in note 1 to the financial statements and comply with the charity's governing document: the Charities Act 2011, FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and the Charities SORP "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 IFRS 1021" Objectives and aetivities The objects of Oasis GDmmunty Church as stated in its con5tiiution are. a) The advancernent of the Christian faith in accordance Wbth the dortrines of Affinity." and to the extent that the same do ngt conflirt Mrith this first object.. bl For the benefit of the residents of Aberdare and the surrounding area, on the basis of eqL]ality of opportunty and in accordance with the law relating to discrimination. by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advanGe education, promote good health and to provide faalities for recreational and other leisure time occupation, in the interests of social and spiritual welfare: with the object of improving the conditions of life for the residents- and c> The relief of poverty. Public benefit The tnjstees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustees have endeavoured to identify the needs within the community and establish and maintain its activities accordingly. Achievements and perforniance Significant activities and achieVennIS against objeGlives Significant activities undertaken during the year indude various weekly services and meettngs to facilitate Christian expression and teaching. Various community focused actiwties induding weekly dubs for parents and tots, childrenlyouth clubs and coffee moming continue. The food panty helps support individuals and families in the local area in addition to a fumilure eYding scheme which are funded through suggested donations. Challenge Valleys also continue to provide a hub to support people in addiction through to recovery. During the year the charity also started an extension project to provide additional spaGe to accommodate the growth of these groups. The charity's community focused inbliatives are all well supported by the communtty- Significant growth is evident in each of the organised ath"vities. A number of people have 'tumed their lives around. and making better life choices due lo the influence of the charity- Financial review Tol31 income during the year was £447.312 12024. £172.529) and totsl expenditure during the year was £175,309 12024. £147.452) resulting in a surplus of £272.003 (2024.. sufplus of £25.0771 Total funds at 31 July 2024 amounted to £1.006.542 (2024. £734.539) of which £327.941 (2024-£327.9411 were held as cash al bank. ReseNes policy Rèserves are held to allow for more strategic planning in relation to the future development of buildings and facilities. Free reserves (unrestricted funds excluding fixed assets) at the year end amounted to £183,495 (2024.. £ 151,3241.
OASIS COMMUNITY CHURCHABERDARE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Stru¢ture, govoman¢¢ and management The Gharity Is a Chantable Incorporated Organisalion (Clo) and is governed by its constitution. The trustees who senied during the year and up to the date of signature of the finanaal statements were.. Mr J Richaids Mr J Davies Mrs L Durkin Miss B Harris Inr L Neyton Mr G Lewis (Appointed 25 Novernber 2024) Recruitment and appointment of truslees Trustees are appointed by rmIn10n to a meeting of thè seNing tnjstees. who give consideration as to suitabi5ity of the nominee. The nominee may be appointed as a trustee by a resolution passed at a propedy convened meeting of th@ sgrving charity trustees. The rus repo wa ved by the Board of Trustees. Mr Richards
OASIS COMMUNITYCHURCH ABERDARE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OASIS COMMUNITY CHURCH ABERDARE I report to the trustees on my examination of the financial statements of Oasis Community Church Aberdare (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the tharity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. report in respect of my exaTninab'on of the charity's financial statements (xrried out under sectton 145 of the Charities Act 2011. In carrying out my examinalion I have followed lhe Directions given by the Charity Gommission under section 145{51(bl of Ihe Charitie5 Act 2011. Independent examinerfs sLitement Since Ihe charity's gross income exGeeded £250.000. the independent examiner must be a member of a booy listed in seciion 145 of Ihe Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Associats'on of Chartered Certified Accountants, which is one of the listed bodies. Your attention is drawn to the frad that the charity has prepared the financial statements in accordance with the relevant version of the Staternent of Recommended Practice applicable to ch2rib.es preparing their financial statements in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations has now been withdrawn. l understand that this has been done in order for the financial stalements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practi. I have completed my examination. I confirm that no matters have come to my attention in ctsnneclic>n with the examination giving me cause to believe that in any material respecl.. accounting records were not kept in respect of the charrty as required by sedion 130 of the Charitie5 Act 2011. the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of finanual statements set out in Ihe Charities {AGcounts and Reports) Regljlations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examinab'on. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 18F Date.. , 201
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OASIS COMMUNITY CHURCH ABERDARE STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Property, plant and equipment 12 677.783 579,814 Current assets Trade and other receivables Cash at bank and in hand 13 15.639 327,941 18,401 142.725 343,580 {14,821) 161.126 {6,401) Current liabilities 14 N&t current assgts 328,759 154,725 Total assets less current liabilities 1.006.542 734.539 The funds of the charity Restrided incorne funds Unrestricted funds - general Unrestricted funds - designated 16 18 17 143,431 861,278 1,833 960 731,138 2,441 1.006.542 734.539 fin eial stateme r8 approved by the tnjstees on ............. Richard5
OASIS COMMUNITY CHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity inforniation Oasis Community Churth Aberdare is a Charitable Incorporated Organi5ation (CIO) and is govemed by its constitution. 1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's goveming document, the Charities Act 2011, FRS 102 "The Financial Reporb-ng Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" The chanty is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for tharities applying FRS 102 rather than the version of the Slaternent of Recommended Practice which is referred to in the Regulation5 but which has since been withdrawn. The financial statements are prepared in sterfing.. which is the funGtional GunCY of the charity. Monetary amounts in these ffinancial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, Imodified to include Ihe revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out belovi. 1.2 Going ¢oncem At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to conts.nue in operab.onal existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial ststements. 1.3 Charitable funds Unrestricted funds are available for use at Ihe discretion of the trustees in lurtherance of their charilable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and use5 of the restricted funds a set out in the notes to the financial statements. Endowment funds a subject to specific eonditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been rnet, the amount5 can be measured reliably. and it is probable that income will be ieceived. Cash donations are recognised on receipt_ Other donations are recognised once the charity has been notified of the donation. unless performance condits'ons require deferral of the amount. Income tax recoverable in felatian to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on ceipt or otherwise rf the charity has been notified of an impending distribution. the amount is known, and reipt is expected. If the amount is nol known, the legacy is treated as a contingent asset
OASIS COMMUNITY CHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) 1.5 Expenditure Exp8nditure is recognised once Ihere is a legal or cDnstTuctive obligation to transfer economic benefit to a third paty, il is probable that a Iransfèr of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs of each aclivity are made up of the total of direct StS and shared costs, InGluding support costs involved in undertakirbg each activity. Direct costs attributable to a single activity are allocated directly to Ihal activity. Shared costs which contribute to more than one acts.vity and support costs which are not attributable to a single actr.vity 8re apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent. and depreciats-on charges are allocated on the portion of the asset's use. 1.6 Property. plant and equipment Property. plant and equipment are initially measured al cost and subsequently measured al cnst or valuation. net of depreaation and any impaillent losses_ Depreciation is recognised so as to wite off the Gost or valuation of assets less their residual values over their useful lives on the following basis= Freehold land and buildings Fixlures and fittings Equipment Motor vehicles 2% str3ight line 12.5% straight line 250k gtraight line 200A straight line 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 reu)gni5ed in the statement of finan(ial activities. 1.7 Impaimient of nonurrent assets At each reporb.ng end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those asset5 have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order tD determine Lhe extent of the impairnient loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at call with banks. other short-temi liquid investments with original rnaluriiies of three months or less: and bank overdrafts. Bank overdrafts are shown within borrowings in current liabiliti-e5. 1.9 Ftnancial instruments The charity has elected to apply the provisions of Section 11 "Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments_ Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the ontractual provisions of the instrurnent. Financial assets and liabilities are offset, with the net amounts presented in the financial statement5, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a nel basis or to realise the assei anrj settle the liability simultaneously.
OASIS COMMUNITY CHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial assets Basic financial assets. which include trade and other receivables and cash and bank balances, are inilially measured at transaction price including tT8nsaclion costs and ale subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a ffinanng transaction. where the transaction is measured at the present value ot the future receipts discounted at a market rate of interest. Financial assets classified as receivable ivithin one year are not amortised. Basic financial liabilities Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction pri unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a maTket rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequenlly Carried at amor115ed cost. using the effeclive interest rate method. Trade payables are obligations to pay for goods or 5etvices that have been acquired in the ordinary ¢our5e of operations from suppliers. Amounts payable are dassih.ed as current liabilities if payment is due within one year or less. IT not, mey are preseniecl as nOn-cuen1 Iiatsilttle5_ Tra(Je payatsles are reGognised initially at transaction pricE and subsequently measJred at amortised cost using the effective interest mpthod. Derecognititjn of financial liabHRles Financial liabilities are derecognised vthen the charity's contraclual obligab.ons expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is ieGognised IT] the period in which the employee's services are received. Termination trtnefits are recognised immediately as an expense when the charity is demonstrably committed lo terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit sthemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the chariiy's accounting polictes, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated assumptions are based on historical expeaenee and other factors that are considered to be relevant. AGtual re5uIt5 may differ from these estimates. The estimates and undertying assumptions are reviewed on 3n ongoing basi5. Revisions to accounting estimates are recognisÈd in the period in which the estimale is revised where the revision affects only that period, or in Ihe period of the revision and future periods where the revision affects both currer.t and future periods.
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OASIS COMMUNITYCHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities UnrestriGted funds 2025 Unrestricted funds 2024 Charitable activities Ministry Dutreach income 26,850 22,235 Income froTn invostments Unrestricted Unrestrbcted funds funds 2025 2024 Interest receivable 2,847 1.876 Other income Unrestricted Unrestricted nds funds 2025 2024 Solar panel income Hall hire 1,709 1,025 1,682 2,734 1,682 11
OASIS COMMUNITY CHURCHABERDARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Charitable actlvlties Charitable activities 2025 2024 Direct costs Stsff costs Depreciation and impairment Ministry outreach Donations Utilibes Insurance Repairs, Mainlenan and building work 58.312 27,687 43.342 8,125 11,403 5,861 9.359 49,481 23.443 37,570 9,600 5,295 5,273 5,684 164,089 136.346 Share of support and governance costs (5Be note 8) Support GovemanGe 9,420 1.800 8,473 2,633 175,309 147,452 Analysis by fund Unrestricted funds - general Unrestricted funds - designated Restricted funds 151.798 12.587 10,924 143.850 3,602 175,309 147,452 Support costs alloGated to activities 2025 2024 Printing and stationery Telephone. intemet and IT costs Staff training Bank charges Fees and subscriptions Sundry costs Govemance costs 3,941 3,088 601 759 912 119 1,800 3,414 1.471 1,076 792 749 971 2,633 11,220 11.106 Anal sed behveen: Charitable actiwties 11,220 11,106 12-
OASIS COMMUNITY CHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activthes (Continued) 2025 2024 Govemanco costs compri80: Independent examination 1,800 2,633 1,800 2,633 Trustees During the year Mr M Harris and Mrs M Harris. parents of Miss B Haffis (trustee), were employed by the Church. These employments were in ptace before her appointrnent as a trustee and are on normal market temis. Aside trom this, none of the trustees (or any persons connected V•ryth them) received any remuneration or benefft5 from the charity during the year. Expenses of £2.254 were reimbursed to trustees and their related parties. During the year donations of £39,297 were received from trustees and thr related parties. 10 Employees The average monthly number of employees during the year was". 2025 Number 2024 Number Support staff Employment Costs 2025 2024 Wages and salarie5 Social security cost5 Other pension costs 57.249 48,005 582 894 1.063 58,312 49,481 There were no employees whose annual muneratIon was more than £60,000. 11 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13
OASIS COMMUNITY CHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Property, plant and equwpment Freehold land Fixtures and Equipment Motor Total and bulldings fitting5 vehiGles Cost At 1 April 2024 Additions 597.796 110.343 33.156 62,891 644 10,432 14,669 704,275 125,656 At 31 March 2025 708.139 33.156 63,535 25,101 829,931 Depreclation and impairment At 1 April 2024 Depreciation charged in the year 57.633 14.163 14.137 48.341 5,459 4,350 3.920 124.461 27.687 At 31 March 2025 71.796 18,282 53,800 8.270 152,148 Carrying amount At 31 March 2025 636,343 14,874 9.735 16.831 677,783 At 31 March 2024 540.163 19.019 14,550 6.082 579,814 13 Trade and other rocgivables 2025 2024 Amounts falling due within one year: Trade receivables Other receivables Prepayments and accrued income 45 15,840 2.516 13,404 2.235 15.639 18,401 14 Currènt liabolities 2025 2024 Other taxation and social security Trade payables Other payables AcGrua15 and deferred income 1.739 9,158 2,124 1,8DO 430 1.193 1,898 2,880 14,821 6,401 15 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profrt or loss in respect of defined contribution schemes 1,063 894 14-
OASIS COMMUNITY CHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Retirement beneflt schemes (Continued) The tharity operates a defined wntrtbution pension scheme for all qualifying employees. The assets of the scheme are held Separately from those of the charity in an independenuy administered fund. 16 Reslricted funds The restricted funds of the charity comprise the unexpended balances of donations and gr2nts held on trust subject to specrfic conditions by donors as to h¥ they may be used. At 1 ApTil 2024 Incoming resources Resources expended Transfers At 31 March 2025 Pantry fvnd Extenslon Tunol 960 15,580 250.445 (2,540) (8,384) (14,000) 1104,630) 143,431 960 272.025 110.924) {118,630) 143,431 Prevlous year= At 1 April 2023 Incoming resources Resource5 expended Transfers At 31 March 2024 Community facilities programme Pantry fund Community initiatives fund 540 960 3,062 (540) 960 13.062} 4,562 {3,602) 960 Panty fund - in 2024-25 income included a grant of £14.000 to purchase a vehicle for the project. The transfer of £14,000 out of the fund represents the use of this grant for the purchase of a vehicle which was c2pitalised in the year_ Extension fund - in 2024-25 Ihe church recEived a grants of £256.445 for this work. Most of the spending on the extension is being capitalised. The transfer out from the fund of in 2024-25 represenls expenditure on the project whith was capitalised in the year. 15-
OASIS COMMUNITY CHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Unrestricted lunds - designated These are unrestricted funds which are material to the charity's adivities. At 1 April 2024 Incoming resources Resources expendgd Tronsfers At 31 March 2025 Challenge Valleys 2.441 11.979 (12,587) 1,833 Previous year. At 1 April 2023 InGoming resources Resources expended Transfer5 At 31 March 2024 Challenge Valleys 23.325 PD,884) 2,441 Challenge Valleys - this fund contains monies provided lowards out addiction and outreach activities. 18 Unrestricted funds The unrestricted funds of the chanty comprise the unexpended balanS of donations and orants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricled fdnds by the truslees for speofic purposes. At 1 April 2024 Incoming resources Resources expended Trdn5fers At 31 March 2025 General funds 731,138 163.308 {151,798) 118.630 861,278 Previous year: At 1 Aprll 2023 InGoming resources Re50urce5 expended Transfers At 31 March 2024 General funds 686.137 167.%7 (143.850) 20,884 731.138 19 Analysis of net a55ets between funds Unrestricted Unrestricted funds funds general desi9nated 2025 2025 Restricted funds Totsl 2025 2025 At 31 March 2025.. Property, plant and equipment Current assetsl(liabilities) 677,783 183,495 877,783 328,759 1.833 143,431 861.278 1,833 143,431 1,006,542 16-
OASIS COMMUNITY CHURCH ABERDARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analysis of net assets between funds (Contlnuedl Unrestricted Unrestricted funds funds general designated 2024 2024 Restricted nds Totsl 2024 2024 At 31 March 2024: Property, plant and equipment Current assetsl(liabililies) 579,814 151.324 579,814 154,725 2.441 731.138 2,441 960 734.539 20 Related paty transactions There were no disck)sable related party transactions during the year {2024 - none). 17-