REGISTERED CHARITY NUMBER: 1167917
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Oasis Centre for Young People
Johnstone Howell & Co
104 Whitby Road Ellesmere Port Cheshire CH65 0AB
Oasis Centre for Young People
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Oasis Centre for Young People
Report of the Trustees
for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The charity is a Charitable Incorporated Organisation (CIO) formed on 29 June 2016.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the CIO is to advance in life and help young people through:
-
The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life and
-
Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1167917
Principal address
Coronation Road Ellesmere Port Cheshire CH65 9AA
Trustees
Mrs R H Lewis (resigned 26/8/20) Miss J A Moss (resigned 26/8/20) Mrs R D Spicer Mrs S Earps Mrs D Lightfoot Mrs B Bensley Mr B Andrews (appointed 18/9/20) Ms H Cottrell (appointed 15/6/21)
Independent Examiner
Mr A M Bagnall FCA Johnstone Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 0AB
Page 1
Oasis Centre for Young People Report of the Trustees for the Year Ended 31 March 2021
Approved by order of the board of trustees on 25 January 2022 and signed on its behalf by:
Mrs R D Spicer - Trustee
Page 2
Independent Examiner's Report to the Trustees of Oasis Centre for Young People
Independent examiner's report to the trustees of Oasis Centre for Young People
I report to the charity trustees on my examination of the accounts of Oasis Centre for Young People (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr A M Bagnall FCA Johnstone Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 0AB
25 January 2022
Page 3
Oasis Centre for Young People
Statement of Financial Activities for the Year Ended 31 March 2021
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - - Other trading activities 2 11,296 43 Investment income 3 1 - Total 11,297 43 EXPENDITURE ON Raising funds - 1,858 Charitable activities Sports facilities 18,395 1,407 Junior youth club - 222 Other - - Total 18,395 3,487 NET INCOME/(EXPENDITURE) (7,098) (3,444) RECONCILIATION OF FUNDS Total funds brought forward 15,010 10,423 TOTAL FUNDS CARRIED FORWARD 7,912 6,979 |
2021 2020 Total Total funds funds £ £ - 11,079 11,339 16,319 1 5 11,340 27,403 1,858 3,055 19,802 13,945 222 - - 811 21,882 17,811 (10,542) 9,592 25,433 15,841 14,891 25,433 |
2021 2020 Total Total funds funds £ £ - 11,079 11,339 16,319 1 5 11,340 27,403 1,858 3,055 19,802 13,945 222 - - 811 21,882 17,811 (10,542) 9,592 25,433 15,841 14,891 25,433 |
|---|---|---|
| 27,403 3,055 13,945 - 811 |
||
| 17,811 | ||
| 9,592 15,841 |
||
| 25,433 |
The notes form part of these financial statements
Page 4
Oasis Centre for Young People
Balance Sheet 31 March 2021
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 7 1 - CURRENT ASSETS Cash at bank 7,911 6,979 NET CURRENT ASSETS 7,911 6,979 TOTAL ASSETS LESS CURRENT LIABILITIES 7,912 6,979 NET ASSETS 7,912 6,979 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 1 14,890 14,890 14,891 14,891 7,912 6,979 14,891 |
2020 Total funds £ 1 25,432 |
|---|---|---|
| 25,432 | ||
| 25,433 | ||
| 25,433 | ||
| 15,010 10,423 |
||
| 25,433 |
The financial statements were approved by the Board of Trustees and authorised for issue on 25 January 2022 and were signed on its behalf by:
Mrs R D Spicer - Trustee
Mrs D Lightfoot - Trustee
The notes form part of these financial statements
Page 5
Oasis Centre for Young People
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
Taxation
The charity is exempt from 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 6
continued...
Oasis Centre for Young People
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. OTHER TRADING ACTIVITIES
3.
| Hire of premises Shop income INVESTMENT INCOME Deposit account interest |
2021 £ 11,295 44 11,339 2021 £ 1 |
2020 £ 16,270 49 |
|---|---|---|
| 16,319 | ||
| 2020 £ 5 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Junior youth club leader No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies - Other trading activities 16,271 Investment income 5 Total 16,276 EXPENDITURE ON Raising funds - Charitable activities Sports facilities 13,793 Other 599 |
2021 2 Restricted funds £ 11,079 48 - 11,127 3,055 152 212 |
2020 2 Total funds £ 11,079 16,319 5 27,403 3,055 13,945 811 |
2020 2 Total funds £ 11,079 16,319 5 27,403 3,055 13,945 811 |
|---|---|---|---|
| 27,403 3,055 13,945 811 |
continued...
Page 7
Oasis Centre for Young People
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
7.
8.
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| fund | funds | funds | |
| £ | £ | £ | |
| Total | 14,392 | 3,419 | 17,811 |
| NET INCOME | 1,884 | 7,708 | 9,592 |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 13,126 | 2,715 | 15,841 |
| TOTAL FUNDS CARRIED FORWARD | 15,010 | 10,423 | 25,433 |
| TANGIBLE FIXED ASSETS | |||
| Computer | |||
| equipment | |||
| £ | |||
| COST | |||
| At 1 April 2020 and 31 March 2021 | 594 | ||
| DEPRECIATION | |||
| At 1 April 2020 and 31 March 2021 | 593 | ||
| NET BOOK VALUE | |||
| At 31 March 2021 | 1 | ||
| At 31 March 2020 | 1 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,010 | (7,098) | 7,912 |
| Restricted funds | |||
| Junior youth club | 8,176 | (2,037) | 6,139 |
| Special projects | 2,247 | (1,407) | 840 |
| 10,423 | (3,444) | 6,979 | |
| TOTAL FUNDS | 25,433 | (10,542) | 14,891 |
continued...
Page 8
Oasis Centre for Young People
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,297 | (18,395) | (7,098) |
| Restricted funds | |||
| Junior youth club | 43 | (2,080) | (2,037) |
| Special projects | - | (1,407) | (1,407) |
| 43 | (3,487) | (3,444) | |
| TOTAL FUNDS | 11,340 | (21,882) | (10,542) |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 13,126 | 1,884 | 15,010 |
| Restricted funds | |||
| Junior youth club | 1,553 | 6,623 | 8,176 |
| Special projects | 1,162 | 1,085 | 2,247 |
| 2,715 | 7,708 | 10,423 | |
| TOTAL FUNDS | 15,841 | 9,592 | 25,433 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,276 | (14,392) | 1,884 |
| Restricted funds | |||
| Junior youth club | 9,890 | (3,267) | 6,623 |
| Special projects | 1,237 | (152) | 1,085 |
| 11,127 | (3,419) | 7,708 | |
| TOTAL FUNDS | 27,403 | (17,811) | 9,592 |
continued...
Page 9
Oasis Centre for Young People
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 13,126 | (5,214) | 7,912 |
| Restricted funds | |||
| Junior youth club | 1,553 | 4,586 | 6,139 |
| Special projects | 1,162 | (322) | 840 |
| 2,715 | 4,264 | 6,979 | |
| TOTAL FUNDS | 15,841 | (950) | 14,891 |
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 | 27,573 | (32,787) | (5,214) |
| Restricted funds | |||
| Junior youth club | 9,933 | (5,347) | 4,586 |
| Special projects | 1,237 | (1,559) | (322) |
| 11,170 | (6,906) | 4,264 | |
| TOTAL FUNDS | 38,743 | (39,693) | (950) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 10
Oasis Centre for Young People
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | - | 1,238 |
| Grants | - | 9,500 |
| Subscriptions | - | 341 |
| - | 11,079 | |
| Other trading activities | ||
| Hire of premises | 11,295 | 16,270 |
| Shop income | 44 | 49 |
| 11,339 | 16,319 | |
| Investment income | ||
| Deposit account interest | 1 | 5 |
| Total incoming resources | 11,340 | 27,403 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 1,858 | 2,506 |
| Sporting activity and equipment | - | 549 |
| 1,858 | 3,055 | |
| Charitable activities | ||
| Ground rent | 80 | 80 |
| Rates and water | 2,637 | 3,262 |
| Insurance | 1,126 | 1,090 |
| Light and heat | 13,347 | 8,133 |
| Telephone | 441 | 543 |
| Building maintenance | 1,283 | 673 |
| Household and cleaning | 597 | 164 |
| 19,511 | 13,945 | |
| Support costs | ||
| Management | ||
| Postage and stationery | - | 50 |
| Finance | ||
| Sundries | 51 | 53 |
This page does not form part of the statutory financial statements
Page 11
Oasis Centre for Young People
| Finance Information technology Computer equipment Governance costs Accountancy and payroll charges Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31 March 2021 2021 2020 £ £ - 99 462 609 21,882 17,811 (10,542) 9,592 |
Detailed Statement of Financial Activities for the Year Ended 31 March 2021 2021 2020 £ £ - 99 462 609 21,882 17,811 (10,542) 9,592 |
|---|---|---|
| 17,811 | ||
| 9,592 |
This page does not form part of the statutory financial statements
Page 12