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2021-08-31-accounts

Registered number: 10615979 Charity number: 1172925

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its trustees and advisers 1
Directors' report 2 – 8
Independent examiner’s report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 18

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021

Directors

S Culy (appointed 11/11/21) S Harewood F Yafai (appointed 11/11/21) Dr K Draper (resigned 2/12/21) BA Simmonds (resigned 2/12/21)

Company registered number

10615979

Charity registered number

1172925

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

D J Parr

Independent auditor

Mr Matt Ryan, FCCA Numbers Ltd

Page 1

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2021

The Directors (who are also Trustees of the charity for the purposes of the Charities Act) present their annual report together with the unaudited financial statements of Oasis Community Hub: Hobmoor (the company) for the year ended 31 August 2021. The Trustees confirm that the Annual report and financial statements of the company comply with the Companies Act 2006 and Charities Act 2011, 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 13/02/2017 and is a registered charity number 1172925.

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.

The Directors confirm that they have paid due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when setting the charity’s objectives and planning its activities.

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 ultimate parent, Oasis International Association.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Oasis Community Hub: Hobmoor (the Company) is a company limited by guarantee, whose registered number is 10615979. It is also a registered charity, number 1172925. The Company is governed by a Memorandum and Articles of Association of 13th February 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.

The risks and impact of Covid-19 have been assessed by the Directors and they are satisfied that risks have been mitigated wherever possible. We have confirmed grant commitments from our major funders covering the period up to and beyond August 2022.

Page 2

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2021

The Directors consider that Oasis Community Hub: Hobmoor 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 identify and understanding the needs and strengths within the community and by applying the Oasis Ethos to everything. The Oasis Ethos is:

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.

Relationship of Oasis Community Hub: Hobmoor 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 Oasis Academy Hobmoor

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 52 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

Page 3

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee) DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2021

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 19 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: Hobmoor is a local subsidiary of Oasis Community Partnerships, which, in the same way as the group structure, is also a hybrid model. This enables sharing of resources, best practice and central support functions while Oasis Community Hub: Hobmoor operates locally in order to respond appropriately to the needs of the local area. As a result, Oasis Community Hub: Hobmoor benefits from higher quality and cheaper infrastructure than it would be able to access as entirely standalone organisation.

3. Oasis Community Hub: Hobmoor and its partnership with Oasis Academy Hobmoor

Oasis Community Hub: Hobmoor 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: Hobmoor is a subsidiary of Oasis Community Partnerships, which in turn is a subsidiary of Oasis Charitable Trust.

Oasis Community Hub: Hobmoor delivers integrated community development work in the community surrounding Oasis Academy Hobmoor (primary school). One objective of Oasis Community Hub: Hobmoor is to provide wrap around care for students and their parents/carers at the Academy. Therefore, Oasis Community Hub: Hobmoor works in close partnership with Oasis Academy Hobmoor in order to provide integrated and holistic community transformation.

Because the Academy is able articulate strong educational outcomes from the role of Hub Leader, a portion of their salary is funded from the Academy budget. The Academy is 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: Hobmoor has a broader purpose in providing community interventions for the entire area and therefore there are a range of additional community roles and programmes which must to be funded in other ways. Therefore, Oasis Community Hub: Hobmoor has been specifically established to govern our charitable community activities in the area.

Achievements and Performance in 2020/21

As with every other charity, at Oasis Community Hub: Hobmoor we are heavily impacted by the Covid-19 pandemic, since March 2020 when the national lockdown was imposed and further compounded by local restrictions. This has had a substantial impact on our work; the majority of our face-to-face work stopped until March and then we slowly opened up as restrictions allowed. Our priority was making sure that our vital food poverty and pastoral support services were able to continue. Whilst this time has been significantly challenging; it has presented us with opportunities to serve our community in a unique way and build an effective community movement.

Oasis Community Hub: Hobmoor is particularly focused in the South Yardley area of Birmingham. It is strategically located on the boundary of three wards: South Yardley, Tyseley and Hay Mills, and Yardley West and Stechford, although it also worked across the whole South Yardley constituency during the pandemic.

Page 4

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee) DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2021

The work of the Hub incorporates the formal education delivered by Oasis Academy Hobmoor and Hobmoor Community Centre, as well as many community projects that are run alongside them to support students, their families and the wider community. The Hub has made a transformational change to the life of the local community in several ways. In 2020/21 the Hub had:

Total Participants: 1515 Unique Participants: 896 Total Meals provided: 19864 Total Participant Hours: 19988 Total Number Attended: 4572 Unique Attendees Across All Criteria: 896

A summary of key projects this year:

Oasis Pantry Hobmoor

As we moved to a new phase of the Pandemic and the closure of last year’s food parcel distribution centre, Oasis Community Hub: Hobmoor opened a Your Local Pantry, on Thursday 3[rd] December at South Yardley Methodist Church in response to an unprecedented need, supporting families and individuals who struggle to pay their bills to gain access to affordable healthy food.

It is part of a national franchise Your Local Pantry owned by Church Action Against Poverty. Services, training and advice are provided by Birmingham Thrive. Essentially, we have set up a corner shop using rooms in the church. People can apply to become members or by referrals from the NNS, Early Help, Local Health Centres or other organisations. Members pay a £4 membership fee each time they come to the shop. Typically, they would choose 13 items to take away. 3 items valued at over £1.50 and 10 other items. They fill their basket with what they choose, just like in a shop. They typically take away food worth between £20 -£25 each visit. Members therefore have the opportunity to ‘stretch’ their income. The pantry project is an exemplary example of partnership working and empowering the community, a video showing the impact can be viewed on our YouTube channel.

Holiday Programmes and Covid 19 Oasis Summer Sessions

Over the last year, we provided eight weeks of holiday provision tackling Holiday Hunger and inactivity in Young People. Due to the lockdown restrictions, we were not able to provide any sessions during February half term. However, we had a very busy summer offering a holiday club and community day trips that involved:

Unique Attendees Across All Activities: 695 Provided Meals: 2864 Total Participant Hours: 17778:6 Total Number Attended: 2882

Page 5

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee) DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2021

Oasis Lionhearts’ Football Club

The Lionhearts’ Football Club has continued to develop over the year with reduced numbers due to Covid -19. 64 individual Young People being involved taking part in physical exercise and gaining new skills each week. For the first time an Under14s team completed a season in the Central Warwickshire Youth League. We also ran a successful campaign with support from local councillors to get the football pitches reinstated on the local park, Oakland Recreation Ground. Check out our YouTube channel for more information.

Hobmoor Community Centre

The Community Centre was significantly affected by Covid -19 regulations and had to close. We began to offer a limited programme of activities including Adult Education and Young People’s activities from April 2021 as restrictions were lifted.

Empower, Equip and Enjoy Volunteer Project

Empower, Equip and Enjoy. The aim of the project is to Empower and Equip volunteers for the neighbourhood. We have also developed a clear pathway for Young Volunteers through sport. We delivered a Level 1 Sports Leadership course, an FA Basic Referee and an FA Level 1 Coaching course as part of the pathway. An unexpected outcome during the lockdown was the acceleration of this project. Community assets came together and formed a community movement to meet the food needs across the Consistency together with the MP’s office. Through innovation, resources were combined in an imaginative way. The project was affectively put on hold due to Covid-19 Restrictions. Our end of year vlogs can be found on our YouTube channel.

Financial review

Total income for the year ended 31 August 2021 amounted to £160,371 (2020: £256,728). Expenditure amounted to £207,774 (2020: £167,099). The overall result is a deficit of £47,403 (2020: £89,629), leaving retained funds of £148,588 (2020: £195,991).

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 £41,944 for 2021/22. 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 2021 is £148,588 (2020: £195,991), with unrestricted funds of £13,363 (2020: £35,440) and restricted funds of £135,225 (2020: £160,551). The reserves policy has therefore been met.

Going concern

The Directors have considered the risks to the Hub, including the impact of Covid-19, and these include a reduction in lettings income and the ability for the Hub to carry out its activities in an environment where social distancing rules are expected to be in force for some time. 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.

Page 6

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee) DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2021

Plans for the future

Oasis Community Hub: Hobmoor will continue to be a community hub for education, health and wellbeing for South Yardley and Oasis Academy Hobmoor, so that all who enter are transformed and leave with a better life story. It will remain an expression of the wider Oasis Vision of being committed to transforming communities by working in an inclusive way, so that all people experience wholeness and fullness of life. We will continue to innovate by putting local people in the lead.

Our aims for the immediate future are:

  1. Rebuild a programme of Adult Education and other activities in the community centre that meet the needs of the community.

  2. Volunteers and paid staff will resume some existing activity, offering support and advocacy so that families and individuals can become more financially and emotionally resilient lifting Young People out of poverty.

  3. Help other local organisations to recover so they are not a loss to the neighbourhood both financially and through partnership working.

  4. Reconnect the different groups in our community so they may thrive together and find capacity to tackle challenges in the future.

We will always work in line with Covid-19 Government Guidelines and in a way that minimises the spread of the virus through robust risk assessment.

Page 7

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee) DIRECTORS’ REPORT (Cont.) FOR THE YEAR ENDED 31 AUGUST 2021

DIRECTORS' RESPONSIBILITIES STATEMENT

The Directors (who are also Trustees of Oasis Community Hub: Hobmoor 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 in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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:

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.

PROVISION OF INFORMATION TO AUDITOR

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:

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 02/02/2022 and signed on their behalf by:

S Culy Director

Page 8

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF OASIS COMMUNITY HUB: HOBMOOR

I report on the accounts of the charity for the year ended 31 August 2021.

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:

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:

have not been met; or

Mr Matt Ryan, FCCA

32 High Street, Wendover, Bucks, HP22 6EA

Date: 07/01/2022

Page 9

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2021

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
TOTAL
EXPENDITURE ON:
Charitable activities
4
TOTAL
NET INCOME FOR THE YEAR, BEING
NET MOVEMENT IN FUNDS
Total funds at 1 September 2020
TOTAL FUNDS AT 31 AUGUST 2021		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds

2021
£
2021
£
2021
£
2020
£
397
455
852
4,736
1,410
158,109
159,519
251,992
1,807
158,564
160,371
256,728
23,884
183,890
207,774
167,099
23,884
183,890
207,774
167,099
(22,077)
(25,326)
(47,403)
89,629
35,440
160,551
195,991
106,362
13,363
135,225
148,588
195,991

The notes on pages 12 and 18 form part of these financial statements.

Page 10

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee) REGISTERED NUMBER: 10615979

BALANCE SHEET AS AT 31 AUGUST 2021

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

£
162,411
18,488		 2021

£



148,588

£
190,404
7,055		 2020

£
180,899
(32,311)		 197,459
(1,468)




148,588 195,991
135,225
13,363		 160,551
35,440
148,588 195,991

For the year ending 31/08/2020 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.

The financial statements were approved by the Directors on 02/02/2022 and signed on their behalf, by: :

S Culy Director

The notes on pages 12 to 18 form part of these financial statements.

Page 11

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

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 Going concern

The Directors have considered the risks to the Hub, including the impact of Covid-19, and these include a reduction in lettings income and the ability for the Hub to carry out its activities in an environment where social distancing rules are expected to be in force for some time. 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 Directors continue to adopt the going concern basis in preparing the accounts.

1.4 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.

1.5 Income

All income is 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 probable. Grant income is recgonsied when the company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable the income will be received and the amount can be measured reliably.

1.6 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 on charitable activities includes the costs of educational activities undertaken to further the purposes of the charity and their associated support costs. 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 Hub’s operations and activities.

Page 12

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1.7 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.

1.8 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.

1.9 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.

1.10 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.

1.11 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 13

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Gifts & Donations Unrestricted
funds
2021
£
397		 Restricted
funds
2021
£
455
455		 Total
funds
2021
£
852
852		 Total
funds
2020
£
4,736
397 4,736

3. INCOME FROM CHARITABLE ACTIVITIES

Grants
Venue Hire Income
SLA income
Other income
Charitable Income		 Unrestricted
funds
2021
£
502
706
-
202		 Restricted
funds
2021
£
141,743
445
4,100
11,821
158,109		 Total
funds
2021
£
142,245
1,151
4,100
12,023
159,519		 Total
funds
2020
£
214,048
24,809
3,800
9,335
1,410 251,992

Page 14

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 4. EXPENDITURE ON CHARITABLE ACTIVITIES

Gross Salaries
National Insurance
Pension Contributions
Training
Travel and subsistence
Equipment
Other costs
Management costs
Bank charges
Subscriptions
Consultancy
Consumables
Rent payable		 Unrestricted
funds
2021
£
633
-
-
25
4
-
12,118
-
112
815
3,392
2
6,783		 Restricted
funds
2021
£
38,575
2,071
2,148
432
9,478
4,411
20,122
27,432
-
3,314
50,960
17,505
7,442
183,890		 Total
funds
2021
£
39,208
2,071
2,148
457
9,482
4,411
32,240
27,432
112
4,129
54,352
17,507
14,225
207,774		 Total
funds
2020
£
37,614
2,045
2,109
3,911
10,098
7,962
34,195
169
3,781
50,856
1,187
13,172
23,884 167,099

The costs above are classified as:

Total Direct
Costs
Support
Costs
Governance
costs
Total
costs
Total
costs
2021
£
2021
£
2021
£
2021
£
2020
£
180,092
27,432
250
207,774
167,099

5. NET INCOME

This is stated after charging:

Independent examiners fee

2021 2020
£
250 200

During the year, no Directors received any remuneration, benefits in kind or reimbursement of expenses (2020 - £nil).

Page 15

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

6.
DEBTORS
Trade debtors
7.
CREDITORS:
Amounts falling due within one year
Trade creditors
Amounts owed to parent undertaking		 2021
£
18,488
18,488
2021
£
31,514
797
32,311		 2020
£
7,055
7,055
2020
900
568
1,468

8. MOVEMENT IN FUNDS – 2021

Unrestricted funds
Restricted funds:
Youth
Community
Adult Education
Football
Reaching Communities		 Brought
Forward
Income
2021
Expenditure
2021
Carried
Forward
£
£
£
£
35,440
1,807
(23,884)
13,363
19,176
65,519
(52,849)
31,846
22,541
28,509
(36,182)
14,868
17,724
1,031
(18,730)
25
6,114
3,645
(3,797)
5,962
94,996
59,860
(72,332)
82,524
195,991
160,371
(207,774)
148,588

The Youth project is a fund set aside to deliver various youth projects within the community including holiday programmes.

The football project is a football club for young people to take part in physical exercise and gaining new skills and consisted of five teams. Reaching Communities is funded project delivering support services to many of the local young people and members of the community.

Page 16

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

8. MOVEMENT IN FUNDS – 2020

Unrestricted funds
Restricted funds:
Youth
Community
Adult Education
Football
Reaching Communities		 Brought
Forward
Income
2020
Expenditure
2020
Carried
Forward
£
£
£
£
37,461
34,907
(36,928)
35,440
10,960
22,603
(14,387)
19,176
3,666
30,349
(11,474)
22,541
505
31,355
(14,136)
17,724
10,555
8,073
(12,514)
6,114
43,215
129,441
(77,660)
94,996
106,362
256,728
(167,099)
195,991

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2021

Current assets
Current liabilities		 Restricted
funds
Unrestricted
funds
Total
funds
2021
2021
2021
£
£
£
163,098
17,801
180,899
(27,873)
(4,438)
(32,311)
135,225
13,363
148,588

ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2020

Current assets
Current liabilities		 Restricted
funds
Unrestricted
funds
2020
2020
£
£
161,819
35,640
(1,268)
(200)

Total
funds

2020

£

197,459

(1,468)

195,991
160,551
35,440

Page 17

OASIS COMMUNITY HUB: HOBMOOR

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

10. 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: Hobmoor. 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:

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: Ashburton Park, 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:

11. RELATED PARTY TRANSACTIONS

During the year the company made the following transactions with other group companies:

There were no other related party transactions.

Page 18