**Registered number: 10581583 Charity number: 1172915**
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
**(A company limited by guarantee)**
**DIRECTORS' REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2025**
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the company, its trustees and advisers**|1|
|**Directors' report**|2 – 7|
|**Examiners’ report**|8|
|**Statement of financial activities**|9|
|**Balance sheet**|10|
|**Notes to the financial statements**|11 - 16|
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
**REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025**
## **Directors**
S Culy F Yafai C Spence S Harewood (resigned 26 November 2025) F Osborne (appointed 21 January 2025)
## **Company registered number**
10581583
## **Charity registered number**
1172915
## **Registered office**
1 Kennington Road, London, SE1 7QP
## **Company secretary**
K Agar
## **Independent examiner**
Mr Matt Ryan, FCCA
_Numbers Ltd_
Page 1
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
The Directors (who are also Trustees of the charity for the purposes of the Charities Act) present their annual report together with the independently examined financial statements of Oasis Community Hub: Foundry & Boulton (the company) for the year ended 31 August 2025. The Directors confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Charities SORP 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Structure, governance and management**
## **a. CONSTITUTION**
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 24/01/2017 and is a registered charity number 1172915.
The principal objects of the Company are the advancement for the public benefit of education and health, the preservation and protection of public health generally, the relief of persons who are in need, hardship or distress and the prevention and relief of poverty.
## **b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS**
The management of the company is the responsibility of the Directors who are elected and co-opted under the terms of the Trust deed. The appointment of new directors is at the discretion of the existing directors (and/or the Guarantor).
## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF DIRECTORS**
Policies for the induction and training of new directors follow those of the Parent and Guarantor, Oasis Community Partnerships.
## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING**
Oasis Community Hub: Foundry & Boulton (the Company) is a company limited by guarantee, whose registered number is 10581583. It is also a registered charity, number 1172915. The Company is governed by a Memorandum and Articles of Association of 24th January 2017. The Company is controlled by the Directors who are also the Trustees. The company was founded by Oasis Charitable Trust, however Oasis Community Partnerships is the immediate parent and sole member. The Company does not have a share capital. Directors are appointed by a majority of Directors or the Guarantor. The Directors have delegated the day to day activity of the Company to the Hub Leader, but retain responsibility for major strategic and governance decision.
The Company was established in furtherance of Oasis Charitable Trust and Oasis Community Partnership’s intention to deliver individual and community transformation through local community hubs. As each Hub will need to respond to the issues and needs arising in its own locality and in order to engage local involvement each hub will operate as an independent legal entity but expressing the consistent ethos of Oasis.
## **e. RISK MANAGEMENT**
The Directors have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Page 2
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2025**
The Directors consider that Oasis Community Hub: Foundry has adequate resources to continue in operational existence for the foreseeable future and, for this reason, the Directors continue to adopt the going concern basis in preparing the accounts.
## **Objectives and Activities**
The objective of the company is to operate as a catalyst for community transformation by facilitating improvements in the lives of individuals and growth in community activity and cohesion. This will be achieved by identifying and understanding the needs and strengths within the community, and by applying the Oasis Ethos to everything. The Oasis Ethos is:
- A passion to include everyone
- A desire to treat everyone equally, respecting differences
- A commitment to healthy and open relationships
- A deep sense of hope that things can change and be transformed
- A sense of perseverance to keep going for the long haul
Oasis Hubs will typically include activities in education, youth and children’s work, community empowerment, housing, advice and support, personal and spiritual development and health and wellbeing.
## **Achievements and Performance in 2024/25**
## **Vision and Mission**
The Oasis vision is for community – a place where everyone is included, making a contribution and reaching their God-given potential.
Our mission is to build stronger communities, where there is no one left out. We do this by strengthening the local neighbourhoods we are part of, working to ensure people have exceptional opportunity to thrive. This last year has been a year of increased community engagement as the new team continues to develop.
As Oasis Community Hub: Foundry & Boulton our aim is to work as part of our community, understanding the issues that impact our specific neighbourhoods of Handsworth and Winson Green, and together to find practical ways of responding to structural injustice and inequality. Our response is centred around our Food Pantry which operates two days a week on Tuesdays at Foundry and Wednesdays at Boulton. We offer a £5 weekly shop which includes 11 items, plus free fruit and veg, free toiletries and free items from our Eco Corner, such as cooking oil and various spices. In general, each member will take home at least £30-35 worth of items for their £5, which is a significant weekly saving. We also offer a 4 for 3 advance shop for £15, which helps members budget on a monthly basis and means they have food secured in advance. We also offer a cut price £2 shop to our volunteers as a thank you for their time and effort. We have around a dozen volunteers without whom the Pantry couldn’t function.
## **During the last year we have had 88 Pantry sessions, catering to 2,115 people and 396 unique individuals. We have provided 50,760 meals to our local community and saved our local community £58,162 in food shopping.**
We see our Pantry as a gateway to our local community and this year we have been able to radically improve our wrap around care allowing us to begin to build community around the Pantry, so that a Pantry shop is not just transactional but also relational.
Page 3
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Warm Welcome**
We have been able to do this by incorporating our Warm Welcome space into the Pantry so that all customers are offered refreshments when shopping, along with an opportunity to stop and chat with our team. **At least half of our customers spend over 15 minutes on their shop because they stay to chat.** We have been able to do this all year round and not just in winter.
## **Advocacy**
As relationships of trust develop we have also been able to increase our advocacy support to our Pantry community as volunteers taking on more responsibility have freed up staff capacity to support the community in this way. We support people in a wide range of issues such as; applying for Secondary school places, energy bills, searching for work, interacting with the benefit system, passport applications, eVisa, homelessness, early release from prison etc. Our advocacy work has increased threefold during the last year. **We have spent 262 advocacy hours working with 133 unique individuals throughout the year.**
## **Wellbeing Workshops**
We have also been able to offer a series of regular wellbeing workshops running alongside the Pantry such as art therapy, pottery, felting, seated yoga, gardening as well as practical workshops such as English conversation sessions run by local volunteers and Slow cooker and Air fryer courses, plus a few DIY workshops run by Shelter.
## **Team Development**
Another key strand of work for us this last year was the development of our team of **four part time workers and 12-15 volunteers.** All our volunteers are inducted by the local leadership and mentored by other more experienced volunteers. Volunteers are from the local community, living within a 10-minute walk from our community spaces.
Volunteering at the Pantry has enabled local people to increase their confidence and develop their skillset both in a work and a personal setting. We aim for volunteering to be both a step on the pathway to employment if desired and also a means of personal development, where people learn not just practical but interpersonal skills that will help them relate across all areas of their lives. To this end we have introduced monthly team development meetings from January 2025 and asked a local group called Peacemakers to run an eight session course for us. As the name suggests the course is centred round being at peace with ourselves and others – relevant skills to learn for interaction with awkward customers but also with our own friends and families.
## **Summer Holiday Club**
We have once again been able to provide Summer Holiday activities through the HAF programme - **running eight days of activities at the start of summer holidays with 280 attendees of whom 52 were unique attendees.**
## **Community events**
And along with local partners such as Warm Earth and Newbigin Community Trust we organised three major community events on Oasis Academy Foundry field in September, November and April. **Nearly 800 people from our local community attended these events.**
## **Relationship of Oasis Community Hub: Foundry & Boulton to other Oasis companies**
The Hub has three relationships with the wider Oasis group:
1. With the national group of Oasis organisations
2. With the Oasis Community Partnerships group
3. With the Oasis Academies Foundry and Boulton
Page 4
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2025**
These are described below as follows:
## **1. The national Oasis Group**
The Oasis family of charities in the UK has been structured to enable the entire group to benefit from working together towards national objectives while at the same time being able to deliver maximum impact in local communities. The challenge of running a national charity is in ensuring the correct needs are being addressed in local communities, while the advantage is working collaboratively at a national level to minimise cost locally and benefitting from the value of interdependent working. This ‘hybrid structure’ has been developed to ensure that local ownership and oversight is achieved whilst leveraging economies of scale.
At a national level, Oasis Charitable Trust is responsible for all Oasis’ activities in the UK and is the parent company for three national subsidiaries. These are:
1. Oasis Community Learning – a multi-academy chain running 53 academies across England
2. Oasis Community Partnerships – a charity delivering community development work
3. Oasis Community Housing – a housing charity supporting vulnerable adults and young people
## **2. The Oasis Community Partnerships Group**
Within this group structure, Oasis Community Partnerships is responsible for all of Oasis’ community development work in the UK. It is the national holding company for 20 local Oasis Community Hubs and one Trading Company, delivering integrated community development work in a number of targeted neighbourhoods across the country.
Oasis Community Hub: Foundry & Boulton is a local subsidiary of Oasis Community Partnerships, which, in the same way as the group structure. This enables sharing of resources, best practice and central support functions while Oasis Community Hub: Foundry & Boulton operates locally in order to respond appropriately to the needs of the local area. As a result, Oasis Community Hub: Foundry & Boulton benefits from higher quality and cheaper infrastructure than it would be able to access as entirely standalone organisation.
## **3. Oasis Community Hub: Foundry & Boulton and its partnership with Oasis Academies**
Oasis Community Hub: Foundry and Boulton is governed by a local board of trustees, who are accountable for the financial management of the Hub, overseeing the development of projects to meet local needs and ensuring that those projects benefit from any funds raised. As explained about Oasis Community Hub: Foundry and Boulton is a subsidiary of Oasis Community Partnerships, which in turn is a subsidiary of Oasis Charitable Trust.
Oasis Community Hub: Foundry and Boulton delivers integrated community development work in the Winson Green area of Birmingham and in particular the community surrounding Oasis Academies Foundry and Boulton (primary schools). One objective of Oasis Community Hub: Foundry and Boulton is to provide wrap around care for students and their parents/carers at the Academy. Therefore, Oasis Community Hub: Foundry and Boulton works in close partnership with Oasis Academies Foundry and Boulton in order to provide integrated and holistic community transformation.
Because the Academies are able to articulate strong educational outcomes from the role of Hub Leader, a portion of their salary is funded from the Academy budget. The Academies are accountable to the Department for Education and Education Funding Agency, who rigorously regulate the spend of statutory funds and are therefore only able to fund community roles which have clear and identifiable educational outcomes for students. However, Oasis Community Hub: Therefore, Oasis Community Hub: Foundry and Boulton has been specifically established to govern our charitable community activities in the area.
Page 5
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Financial review**
The total incoming resources during the year ended 31st August 2025 amounted to £152,545 (2024: £168,732). Expenditure amounted to £151,307 (2024: £139,716). The overall result is a surplus of £1,238 (2024: £29,016) leaving retained funds of £92,481 (2024: £91,243) split £23,132 (2024: £1,007) in unrestricted reserves and £69,349 (2024: £90,236) in restricted.
## **Reserves**
The Directors continue to review the Hub’s need for reserves in line with the guidance issued by the Charity Commission and have adopted a policy to set aside funds of approximately three months running costs which we estimate to be £37,800 for 2025/26. Many staff are working on restricted projects and therefore the three months running costs are held within both unrestricted and restricted funds. We have sufficient reserves to guard against unexpected downturns in financial performance. The total level of funds as at 31 August 2025 is £92,481 (2024: £91,243), with unrestricted funds of £23,132 (2024: £1,007) and restricted funds of £69,349 (2024: £90,236). The reserves policy has therefore been met.
## **Going concern**
The Directors have considered the risks to the Hub, including the impact of the cost of living crisis. The Directors have confirmed that the major sources of grant funding are committed and the delivery of the activities can be adjusted to ensure that guidelines around social distancing can still be applied. Furthermore, the Directors are confident that costs will only be incurred to the extent that funding is secured. The Directors are confident that the Hub has adequate resources to continue operating for the foreseeable future and, for this reason, the Trustees continue to adopt the going concern basis in preparing the accounts.
## **Plans for the future**
## **Core offer**
We remain committed to delivering our core services, which include:
- Advice and Support for individuals and families
- Workshops that build skills and confidence
- Food Pantries and Warm Welcome Spaces to tackle food insecurity and isolation
- Holiday Activities for children and young people
- A Successful Volunteer Programme that empowers local people to make a difference
## **Expanding Our Reach**
We are delighted to now be working alongside two additional Oasis academies within our community— bringing the total to four. Over the next year, we aim to create meaningful opportunities for relationshipbuilding with children and families connected to these schools, fostering a sense of belonging within a trusting, positive, and life-giving community.
## **Listening and Acting Together**
Between September and October, we will complete a community listening exercise to understand the primary concerns of local residents. From October to December, we will share these findings widely and, moving into 2026, work with individuals who want to be part of the solution. Our goal is to build a local community movement—empowered and enabled to take action on the issues that matter most. As always, we will be guided by our principle: No One Left Out.
## **Building a Community Plan**
Together with local people, we will develop a community-led plan—a plan created and owned by residents, fostering a greater sense of agency and enabling them to see themselves as agents of change.
Page 6
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2025**
## **Strengthening Partnerships**
We are committed to improving provision for children, young people, and families. central to this is working in a more integrated way with others. We will continue to strengthen existing partnerships and build new relationships with local organisations. With access to several community spaces, we will seek to make the most of these assets for the benefit of all.
## **DIRECTORS' RESPONSIBILITIES STATEMENT**
The Directors (who are also Trustees of Oasis Community Hub: Foundry and Boulton for the purposes of charity law) are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the Directors on 27 April 2026 and signed on their behalf by:
S Culy
Director
Page 7
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **EXAMINERS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
I report on the accounts of the charity for the year ended 31 August 2025.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- 1) which give me reasonable cause to believe that in any material respect the requirements: a. to keep accounting records in accordance with section 130 of the 2011 Act; and b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _**Mr Matt Ryan, FCCA**_
32 High Street, Wendover, Bucks, HP22 6EA
Date: 27 April 2026
Page 8
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2025**
|**Note**
**INCOME**
Gifts & Donations
2
Grants
2
Other Income
3
**TOTAL INCOMING RESOURCES**
**EXPENDITURE**
Charitable activities
4
**TOTAL**
**MOVEMENT IN TOTAL FUNDS FOR THE**
**YEAR - NET INCOME/(EXPENDITURE)**
**FOR THE YEAR**
Transfer between funds
_Total funds at 1 September 2024_
**TOTAL FUNDS AT 31 AUGUST 2025**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**funds**
_Total_
_funds_
**2025**
**£**
**2025**
**£**
**2025**
**£**
_2024_
_£_
**285**
**16,404**
**16,689**
_6,635_
**13,210**
**66,698**
**79,908**
_105,782_
**14,271**
**41,677**
**55,948**
_56,315_
**27,766**
**124,779**
**152,545**
_168,732_|
|---|---|
||**5,641**
**145,666**
**151,307**
_139,716_
**5,641**
**145,666**
**151,307**
_139,716_
**22,125**
**(20,887)**
**1,238**
_29,016_
_-_
_1,007_
_90,236_
_91,243_
_62,227_
**23,132**
**69,349**
**92,481**
_91,243_|
The notes on pages 11 and 16 form part of these financial statements.
Page 9
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee) REGISTERED NUMBER: 10581583**
## **BALANCE SHEET AS AT 31 AUGUST 2025**
|**Note**
**CURRENT ASSETS**
Cash at bank
Debtors
6
**CREDITORS:**amounts falling due
within one year
7
**NET CURRENT ASSETS**
**NET ASSETS**
**CHARITY FUNDS**
Restricted funds
Unrestricted funds
**TOTAL FUNDS**|
**£**
**127,313**
**-**|**2025**
**£**
**92,481**|_2024_
_94,981_
_1,540_|
|---|---|---|---|
||**127,313**
**(34,832)**||_96,521_
_(5,278)_|
||||
_91,243_|
|||**92,481**|
_91,243_|
|||**69,349**
**23,132**|
_90,236_
_1,007_|
|||**92,481**|
_91,243_|
For the year ending 31/08/2025 the company was entitled to exemption under section 479a of the Companies Act 2006 relating to subsidiary companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the Directors 27 April 2026 and signed on their behalf, by:
S Culy
Director
The notes on pages 11 to 16 form part of these financial statements.
Page 10
**OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005, applicable accounting standards and the Companies Act 2006.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity
## **1.2 Company status**
The company is a company limited by guarantee incorporated and domiciled in the UK and is a public benefit entity. Oasis Community Partnerships is the sole member of the company. The address of the registered office is 1 Kennington Road, London, SE1 7QP. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
## **1.3 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
## **1.4 Income**
All incoming resources are included in the Statement of financial activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy and the likelihood of receipt of the income is gifts and donations are recognised on receipt.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
• Expenditure on charitable activities includes the costs of educational activities undertaken to further the purposes of the charity and their associated support costs.
• Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the College’s educational operations and activities..
## **1.6 Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
Page 11
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1.7 Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
- **1.8 Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.9 Financial instruments**
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets held at amortised cost comprise cash and bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors.
## **1.10 Critical accounting judgements and key sources of estimation uncertainty**
In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.
In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.
Page 12
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **2. INCOME**
|**INCOME**|||||
|---|---|---|---|---|
|Gifts & Donations
Grants
Voluntary Income|**Unrestricted**
**funds**
**2025**
**£**
**285**
**13,210**|**Restricted**
**funds**
**2025**
**£**
**16,404**
**66,698**
**83,102**|**Total**
**funds**
**2025**
**£**
**16,689**
**79,908**
**96,597**|_Total_
_funds_
_2024_
_£_
_6,635_
_105,782_|
||**13,495**|||_112,417_|
## **3. OTHER INCOME**
|Income from Other Activities
**4.**
**CHARITABLE ACTIVITIES**
Staffing
Consultancy costs
Training
Equipment
Subscriptions
Travel and subsistence
Consumable supplies
Management charges
Office costs
Bank charges
Grants payable
Food pantry costs
Other costs
Total Costs||**Unrestricted**
**funds**
**2025**
**£**
**14,271**|**Restricted**
**funds**
**2025**
**£**
**41,677**|**Total**
**funds**
**2025**
**£**
**55,948**|_Total_
_funds_
_2024_
_£_
_56,315_|
|---|---|---|---|---|---|
|||**Unrestricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**7**
**105**
**16**
**-**
**-**
**528**
**78**
**2,610**
**-**
**2,297**|**Restricted**
**funds**
**2025**
**£**
**84,674**
**1,277**
**2,113**
**27**
**8,164**
**1,664**
**165**
**28,008**
**205**
**3**
**-**
**11,870**
**7,496**
**145,666**|**Total**
**funds**
**2025**
**£**
**84,674**
**1,277**
**2,113**
**34**
**8,269**
**1,680**
**165**
**28,008**
**733**
**81**
**2,610**
**11,870**
**9,793**
**151,307**|_Total_
_funds_
_2024_
_£_
_75,865_
_690_
_92_
_1,408_
_1,536_
_1,806_
_391_
_32,962_
_2,043_
_50_
_2,788_
_9,093_
_10,992_|
|||**5,641**|||_139,716_|
Page 13
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **5. NET INCOMING RESOURCES / (RESOURCES EXPENDED)**
This is stated after charging:
|**2025**
**£**
Independent Examiners fee
**542**
During the year, no Directors received any remuneration (2045 - £nil).
During the year, no Directors received any benefits in kind (2024 - £nil).
During the year, no Directors received any reimbursement of expenses (2024 - £nil).
**6.**
**DEBTORS**
**2025**
**£**
Debtors
**-**
**-**
**7.**
**CREDITORS:**
**Amounts falling due within one year**
**2025**
**£**
Creditors
**688**
Intercompany
**34,144**
**34,832**|_2024_
_£_
_410_
_2024_
_£_
_1,540_
_1,540_
_2024_
_£_
_3,707_
_1,571_
_5,278_|
|---|---|
Page 14
**OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **8. STATEMENT OF FUNDS**
|**Unrestricted funds**
**Restricted funds:**
Big Lottery
Youth Club
U5’s Project
Summer Projects
Food Projects
Hub Leader
Community|**Brought**
**Forward**
**£**
_1,007_
_33,252_
_624_
_2,048_
_11,834_
_38,676_
_-_
_3,802_|
**Transfer**
**between**
**funds**
**£**
**-**
**(33,252)**
**-**
**-**
**-**
**33,252**
**-**
**-**|
**Income**
**2025**
**Expenditure**
**2025**
**Carried**
**Forward**
**£**
**£**
**£**
**27,766**
**(5,641)**
**23,132**
**-**
**-**
**-**
**-**
**-**
**624**
**-**
**-**
**2,048**
**5,901**
**(4,459)**
**13,276**
**83,994**
**(138,435)**
**17,487**
**28,009**
**-**
**28,009**
**6,875**
**(2,772)**
**7,905**|
|---|---|---|---|
||_91,243_|
**-**|
**152,545**
**(151,307)**
**92,481**|
## **9. ULTIMATE PARENT UNDERTAKING**
The company is a wholly owned subsidiary of Oasis Community Partnerships, a company incorporated in England (registered number 08749179) and a registered charity (number 1163889). Oasis Community Partnership prepares consolidated financial statements and this is the smallest group for which accounts are prepared that incorporate Oasis Community Hub: Foundry & Boulton. Copies of these financial statement can be obtained from its registered office at 1 Kennington Road, London, SE1 7QP.
OCP’s principle objectives are to:
- To deliver integrated community development work in a number of targeted neighbourhoods across the country
- To grow and develop Oasis hubs across the country
- To facilitate regional improvement networks
- To ensure the Oasis Ethos is promoted nationally and that best practise is implemented throughout the hubs.
Oasis Charitable Trust (OCT) is the Ultimate Parent and is a company incorporated in England (registered number 02818823) and a registered charity (registered charity number 1026487). Oasis Charitable Trust prepares consolidated financial statements which include the results of Oasis Community Hub: Foundry & Boulton, and this is the largest group for which accounts are prepared that include this company. Copies of the Oasis Charitable Trust group financial statements are available from its registered office at 1 Kennington Road, London, SE1 7QP.
OCT’s principle objectives are to:
- To ensure that the national group of organisations is governed well and in accordance with Oasis theology and ethos
- To maintain the cohesion of the family of Oasis organisations in the UK by ensuring that the Oasis vision, mission, and ethos is understood and implemented across the group of organisations
- To lead the integration of work across the subsidiaries and to grow and develop Oasis Hubs – the Oasis model of community transformation
- To promote the corporate message of Oasis
Page 15
## **OASIS COMMUNITY HUB: FOUNDRY & BOULTON**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **10. RELATED PARTY TRANSACTIONS**
- In the year Oasis Community Partnerships provided support services of £7,321 (2024 - £7,488). At year end there is a balance of £34,144 owed by the Hub to Oasis Community Partnerships (2024: £1,571).
- An amount of £82,935 (2024: £37,376) was paid by the company to Oasis Community Partnerships for staff working within the Hub.
Page 16