REGISTERED COMPANY NUMBER: 08360755 REGISTERED CHARITY NUMBER.. 1174200 OASIS CHURCH (BIRMINGHAM) Roport of Iho Tru•1$ and Unaudw Flnan¢l•l Statornents lor th• Yoar End•d 31 March 2024
Oa$l$ Church18Srmln9ham) Contents of tho Financial Ststemonts for the Year Endod 31 March 2024 P48 R•wt of Ihg Truslees 1to2 Independent Examlw's ReFQrt Stat•m•nt ol FInalI Acllvthe 88lanc¢ Sh8•t Nolo8 to thè Flnonclal Stal•m•nts 6109 Dgwled Statemanl ol Finawal Aclfvths 10
Oasls Church IBirmlnghaml R•port of the Tru$t•o$ for the Year Eniled 31 MaY¢h 2024 The trustees present their report with the financial slatements of Ihe ¢hairty for the year ended 31 March 2024. The tru5te8s have a(lopt8d the provisions of Atcounting and Reporting by Charithe5.' Statement of R8commended Practice applicable to charities preparing their accounts in accordance th Ihe Financial R8POrtiNJ Sl8nd8rd applicable in the UK and Republic of Ireland IFRS 1021 lelleckn.ve 1 Janvary 2015). OBJECTIVES ANO ACTIVITIES Prlnclpol a¢tlvlty and ¢on$titutJon 08818 Church IBirmingham} 18 8 reglslered Charity whw aim is lo prornoto the t•fvant•rnent of the Chiistian religlon and lo provid8 SUPkKI to those in Ihe eommunity In most e. ACHIEVEMENT ANO PERFORMANce Major a¢tlvltlo8 and •chl•vem•nts Oasis Church (Birrninghaml has continued to und8rtake [JeCts and acllvlls to promote tho Christian roligion and lo provide support to those In the CnmunIty Sn most need. Th8 cor#Jregalon cornes from 8 ¥aTtY of communttles across the city gathering up to 250 people each a8 well as a nuntsrol Iu58h01ds sJllJoinlng online. The work ol the Church cgntres around our communty twlk1ing ¢n Harbome whh ha$ b8en open lor a wide variety of vents. The Grad8 11 li81ed church building has been 18as•d by the Oasis Church lor tho last B year$ but thls ye8r we have ¢ommene•d thg conslderable tssk of raising monèy purchasè thè buildiw explaining the nSiderable Increase In donations Ihis year 6e•n In the account5. In addilth, we have b6•n aw8rdgd a grant from th¢ Communlty Ownershlp Fun(J, whth will enable u5 to pursu& purthasing buildiw In summgr 2024 alongsidè Increasing our sèrvice provisbn lo both the church and local community. Wo host Ver&I meetings Including a r•guler youth grtrtjp. Atsha groups, prayer groups as well as varfou8 wld8r Communty initiatives such as a weekly cornmun6ty calé, a COthworf(ing Space. English Conversation Cl8sse5, 8 Stay and Play group and 8 brand ngw Sensory Space all open for 8nyone 10 8ttend. Our card 8eNc8 L8 always 8 highlight ol th¢ y68r with many VISI Irom the k)cal community in 8tt8nd8nca. Addilionany. w8 havg the prfvilege of hosting a nurnber ol èxt¢rn81 groups In tho buildlng induding an after-h0o1 dub whith al80 pThlds a smal ran¢al Incorng. OulsSd• of thg bulding our 8m811 groups pKovide an OPPtr11Y for rnhl-w¢ek g8lhetlng$ in people's .8$ thally ocrosj the city as a way lo ¢onnoct and anioy communty. We run 'MMday Nh¢ Fooib411' each Wee where bcals gather lo pl8y together. $ well 08 lnhI9 Ihe onnu81 Chtsllgn F(lIbAll F•siival . vthlch alw8y8 woll 8ttèndgd and enjoyed.
Oasls Church IBlmilngh8ml Report of th• Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Rogistergd charlty numbgr 1174200 Reol•t•T•d offi¢• addr•¥s Oasls Church Soulh Street Birmin9ham West MlandS B170DB Tru¢g•s D M GoodlrvJ J D Nèwbdd MKWort JFOX Aeeountants Inftsrrn Accounting Llmiléd Sl Jam88 Hou 65 Mere Green Road Sullon Coldfield Wosl MSdlaTrJ$ B75 5BY 3TATEMeNT OF TRUSTEE8 RESPONSIBILMES The trusteès a responsibl$ lor preparing the Report ol Ihfi Trvsfrc- - anv ihe bnanu¥t statenIS In o¢¢ordanc8 vAth appllcable law and United Kingdom Atcounlino Stand8rd8 Iunited Klngdom G•n8rally Accepted Aecountlng Pr8etie¢l. Includiny Flnanc181 Rgporting S18ndard 102 Tre Financial Reporting Slandard applicabl8 111 the UK and Rèpubllc of Irel8nd'. The law applible lo eharitles In England Wales. thè CharitK?s Act 2011. Charity (Aecounls and Reports) R8gulatk)ns 2008 and Ihe provisi¢J)s of Ihe trust dged requwes Ihe tnJsl8•S to prgpare flnane1818talernents lor 8gch n8n¢i81 year which gfve 8 true and tsir vi8w of Ihe stai8 of affaits of Ihe charity and of th• incorning resouregs and application of resources. IndudiThJ the ineome 8nd exn¢ji1UTe, ol the tharity for that P8ri0d. In prgparlng tts)¥¢ financial 8tstom•nt& the Iru8lees 8r• rtqutred lo 8ele¢l sullable 8ccoun#r4J policits and then appty them c)ywtenty. obsetve tho mglhods and principles th tho Charty SORP., make judgements end estirnales Ihal reasonab and pnJd8nt- $lale whether applicabl? accounting standards ha¥e boon frknd. sut48et to any material dèpartuw dlscloled and explained in the financial stslomenls., prepare the fin8n¢ial stalomenls th& goin9 concem lJa5L% il l¥ Inappropriate to pwurne that the charfty wll continu8 in business. The trustees 8r• le581ble for keepir4J accountirg IOrdS di$c4ose rè8%)nable awjracy al any me tho financk81 poslth)n of the charlty aNI lo enable them io ensure th81 Ihe flnancial 51atements comply th the CharitK8$ Act 2011, the Charity IAcc¢)unts and Reports) Regulations 2008 and ihè w0visn$ ol the trust dead. They are also responSItr for saf8guardirrfJ th8 assels of Ihe tharity hence for t&ThJ reasonabla st8P5 for the pMv8nlion and dete¢lion of Iraud and other irregulartbes. Approved by ordor ofthg board of trustees on I I2021fr and *ned on its behaff by.. D M Gooding- Trusla8 P2
Indopendent Examlner'$ Report to the Trusts•8 of Oasis Church (Blrminghaml We report on Ihe 8rwunts for Ihe year ende<l 31 March 2024 sel out on pages 4 10 9. Re8Pg¢tlvo responsrblll¢l•s of trust••$ and •xaffllnor The charity's trustees (who ale also th8 dire¢tor5 l&r the PUWFtyJ58S of comp8Try lawl are responsible forthe preparatign ol Ihe accounts. The chanty's tnJ$lees cOnSler that an audit is not required for this year lunder Section 144121 of the Charit18s Act 2011 Ilhe 2011 Actll and thal an dependent examination is requirod. H8ving $8tisfi¢d owsefves th8t Ihe chawTrty is nol wtyect io audil under company 18w aThJ 15 eliglblè for indopendent examinalion. it is our responsibility to.. exarnin8 Ihe accounts under Seckn 145 01 the 2011 Ad to follow th8 proceilur88 latd down tn Generd Dtredws gwen by Ihe Charity CornMissn (under Stctign 14515Xbl of the 2011 A¢tl.' and lo Btatts whethe¥ particular mgtteTs have to our atlentlon. Ba81$ ofth• Ind•dent •x•mlnor'$ r•port Our examination was carrSed out in aecordan¢o th Ihe G8n8ral Dk8dlon3 given by the Charlty Commlsskjn. An èxamin8lion Includes 8 review of tho acccKJnting records kept by th• charity and a compartson of th• 8ccounls presented with those records. It also includes consideration ol any uwsual items or disclosures In the accounts, and s•eklng &xplanation$ Irom you as Irusteos concemlng 8ny such rnatters. Th8 prOdUreS undert8k8n do not provlde 811 the evidence that would be required In an aJ1¢, and corwu8nty no opinK)n Is given as to wh8th•r the 8ecounts present 8 Yrue and fair and the report is limlted lo those mallers set ou¢ in iho slBtements below. Indopend•nt •xamln•r's st•l•m•nl In connection with our exwninatSon. matt•r ha8 Cm rjjr allanti.. 111 whkh glvej us ma80nable cause to b•lK8ve thal, in any material resp8¢ the r8qulf•ments to k8•p aOuntIng records in wAnc* vthh sètt 386 an<1 387 01 th8 Compan$ Act 2008., and lo prepare 8ccounls which aceord thg accounting recths, comply with tha 8ccounling roquiremonls of Sections 394 395 of thè Comp8ni•$ Act 2006 and thè mglhods 8nd prlntipl98 ol the St8ltrnent of Recommènded Pr#th¢g'. AcCUnting and Rgporting by CharMi$s have not been 121 to whkh, In oplnkn. allenkn $hol b• drawn In ¢)ftlèr lo enable a u14ndIng ol tho 4ccounl8 to b• reached. P£coL Inform A¢countlng Llm+tsd St James Housè 65 Mere Green Road Sullon Coldf181d West Midlands B75 5BY Page 3
Oasls Church (Blmilnghaml Statement of Flnanci81 Actlvities for the Y•ar Ended 31 March 2024 Year lo 31 March 2024 Total funds Year to 31 March 2023 Total funds Unreslricted lunds R8$tricied fund$ INCOME AND ENDOWMENTS FRO Donatlons and Iogaeies Incoming re50urce5 Irom eharit8trAe at¥rf Investmont income 230.533 16,046 190.6S4 421,187 16.046 437,335 14,129 Total 246.579 190.654 437.233 4S1,464 EXPENDITURe ON Chorltable a¢tlvlll•• Direct eh8rilabl8 expenditure Donations Othèr 11,630 14.450 11,630 14,450 239 053 7.483 15,861 207 505 Total 253.912 11,221 265,133 230,849 NET INCOMEIIEXPENDITUREI Tranaf•r• b•lwo•n fund• 17.3331 179.433 172,100 220,615 N•t mov•ment In fund• 17.3331 179.433 172,1(K) 220,815 RECONCILIATION OF FUNDS Tot•1 funds brought fon¥•rd 108.408 212,120 320,528 99,913 TOTAL FUNDS CARRIED FORWARD 101075 492 628 320 528 CONTINUING OPERATIONS l in¢om& and expenditu ha8 arh8n from conbnuing Actith. Page 4
Oa$ls Church (Blmlnghaml Balance Sh•ot At 31 March 2024 Yearto 31 Year to 31 M8rch 2024 Mareh 2023 Tgt funds Tolal funds Unrestricted funds Restricted fund5 Notes FIXED ASSETS Tangib18 8ssels 308 1,658 CURRENT ASSETS 08btors Cash at bank 13,368 13,368 485 284 10.978 312932 391553 107,099 391,553 498.652 323,910 CREDITORS Amounts fallin9 due wthln one yow 16.332) 16.3321 15.0411 NET CURRENT ASSETS 318869 TOTAL ASSETS LESS CURREIIT UABIUTIES 101.075 391.S53 492,628 320,527 NET A88Ers 101075 391 553 492 628 320 527 FUNDS Unreslrlcted lund8'. G&n8r81 fvnd 10 101,075 108,407 Re3lrfcted funds.. 8ulldlng Fund 391.553 212,120 TOTAL FUNDS 492 628 320 527 For the fmAnc181 year ending 31 M8r¢h 2024 lh8 tharlty was •ntitigd to &x•mptlon frorn audit urthr 80CtkJn 477 of the Comp8ni88 Act 20( ralatin9 lo small companigs. Tru•t••• r•pon8lbllltl•• The rnembtrs have not r•quir8d Ihe tharlty tts oblaln 8Jit of its ac(a)unts for Ihe year In quèstbn In acccKdanc• wrth 8eclion 476., and Th8 trustees a¢krthrfdge Iheir ¥•spon5ibilty for comthrvJ wilh th• requirerrthts of the A¢t vAth fespèet to aCuntIng records and tha preparats'on of awjunts. Th$s8 accounts havè been prepar•d in acciwdancfr the provisths kable to companles subCl to the small eompanies igirnè. Th• financlal statem8nts were approved by the Board ofTrust88s on 23140 koL nd wèr8 signed on its b8hèlf ty.. J D Nowbold- Trustee J Fox. Trust88 M K Wort- Trusteè Page 5
00$1$ Church (Birnlnghaml Notes to th• Finan¢lal Statements for the Ytar Ended 31 Mah 2024 ACCOUNnNG POLICIES Ba•ls of preparfng the financlal •t•ten¥•nta The financial slatemenls of th8 charity, which is 8 publ benefft entity under FRS 102. hBV8 been prepared Sn accordance with the Chariis SORP IFRS 1021 'Accounting and R8Forbng by chane$., Statement of Recornmenéed Practice applicab18 to charitse5 preparing Iheir accounts in accordarKg with th8 Financial Reporting Standard applica0 in the UK and RgpublK ol Irgland IFRS 1021 leffeC've 1 January 20151,. Fln8ncial Reporting Standard 102 Th¢ Financial ReF1n9 Standard appJicabk8 in the UK and Republic of Ireland, 8nd the Charitigs Act 2011. The financial stat8menls l)een prspwed undèr Ihe hlstorfcal cost conventbn, as modified by th8 r8valvatk)n of certain assets. Incom• Incorne is brought Into accounl Ot Ig more Ilkety Ihan N)t that ts econornlc bgn8fft of Iha incom• wlll accrue lo the charfly. Exp•ndbtur• This is recogni$od whgn a Iwbilty is inuJrr•d. or a ton5tructive oNlgation ari8•S, Ihat results In thg paym•nt belng unavoidable. Liabilit$ arè r8cognis8d as soon as an outhow of econornk benefit Is ¢XffiShlgred mor8 likely than not under Ih•18981 con8tnKty've obligatK)n tommrtting th• chanty lo pay out resoureo5. Gov•rnan¢• colts These are the cos1$ 8SSWalgd th the general running ol th8 thgrity and $tralegk mano9ement. r¥ther than t co81s ol Its Charitab ac11wt and day to dty m8nagem•nl. T•x•lJon Thfr charity Is •xempt fr(m tax on Its cknarltèble aclfvth¥. Fund ¥c¢ountlng Unreslricled fund8 Can UBed In 8¢cwdonce th8 Charitable obW98 at th• dls¢rgtlon ol th• Iru8lee8. Rostrltled fijnds ton ¢Y used for parti181 r•$trK¢ed purposes wlthin the ¢)blo¢ts of Ihe charfty. Rg$tflcllon8 arise when sprfd by the donof or when hJThJs 4re r8iS8d fgr partlojlar rgstrfcttsd purpoBes. Publle bon•fft •ntity The eharity m••t$ the definiticffl of a public benofft entty under FRS 102. Assets 8nd liabilit$ ar8 inStlalty r6cognlsed al hislorkal Cost or Iransactvjn Val unless oihvAse slatod in the relav4nl accounting Oicylnole. Oolng ¢¢)nMrn 88sed on the monètary asMt$ •nd human reBouru8 aValtI6 •t 31 Mard) 2024, th• tru#tèe$ beIv+ that the charity Is & goin9 conc•m. VAT Slnc8 the charbty li Th)I VAT Mgrolered. 81 inwt VAT b corwJ wlh Ihe eyn80s to whth it refer6. Page 6
Oa$ls Church IBlrniingham) Notss to thè Flnanclal Statements- ¢Mtlnued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES Ygar to 31 Year to 31 Marth 2024 March 2023 Other <tonath?n$ 8ulkling Fund 230,533 225.215 212 120 421187 437 335 CHARITABLE ACTMTIES COSTS 2023 Totals Fu[Ing of tfviti Dltscl ch8rilabla èxpendilwo tlon8ts)ns Olh•r 11,630 14,450 239 053 7,483 15,861 SUPPORT COSTS Governaneè ctssts Managgment Totals Oth•r r•8ourc•8 •yndgd 239 053 Supwrt CO8ls, Induded In thè #tove. are 8$ foW¢ys'. Ye8rto 31 PAarth 2024 Other rgsources expended Total 8ctbvlt& Year to 31 March 2023 Solaries and asswated costs Premises running costs Prèmises Wulsitn costs Admini$lraUon, t0phone, tr8vd 8t¢ Other expenses Profession81 fees Depreciation 161.219 15,998 11.221 2.898 44,435 1,932 148,557 12,783 2,360 39.362 1,891
Oasls Chur¢h (Bimlnghaml Notes to the Flnan¢lal Stat•m•nts- ¢ontlnu•d for the Year End•d 31 March 2024 TRUSTEES. REMUNERATION AND BENEFITS During th? period ended 31 March 2024 there were trustee e1pn. STAFF COSTS The average monthty nLrmber of pyO0¥ during the peth. klated on the b85ts 01 full tim? equfvalents, W8s 7 12023.. 4.21. TANGIBLE FIXED ASSETS Flxtureg & Flttlngs COST OR VALUATIOM Al l April 2023 litbns 11,073 At 31 March 2024 DEPRECIATION Al 1 AprS12023 Pro¥id•il during th y•ar 9,415 At 31 Mar¢h 2024 NET BOOK VALVE Al 31 March 2023 Al 31 Mah 2024 308 DEBTORS: AMOUNTS FALUNG DUE AFTER MORE ThAN ONE YEAR Year tg 31 March 2024 Year to 31 Mareh 2023 Oth•r dgbtors P4ge 8
Oasls Church {Blrmlnghaml Note$ to the Flnanci81 Stat•m¢nts . contlnued for th• Year Endèd 31 March 2024 CREDITORS.. AMOUNTS FALUNG OUE ThlTHIN ONE YEAR Yearto 31 Marth 2024 Yèar to 31 March 2023 Taxation and social stcurity 0th8r ¢red6tors 3.162 2,658 10. MOVEMENT IN FUNDS Ngt Transfèrs in fundB betsveen fvnd$ At 1.4.23 At 31.3.24 Unr•strl¢¢•d lund8 General fund 108,408 17.3331 101,075 Raslricted funds.. 8uildlng luThY 212.120 179,433 391,553 TOTAL FUNDS 17 N•t movem•nl In fundi. hKhJded in lh• abov• arn aB folm.. Inn R•8tyJrc•$ r¢sovrc•s •xpgnd8d Galn8 8n(l Mtsvgment In 1088es fund8 Unr¢•trl¢t•d fur*d• Ggneral lund 246.579 253.912 17.3331 Restrlct•d funds.. Bullding Fund I.854 179,433 TOTAL FUNOS 11. CONTINGENT LIABILMES AS 8t 31 March 2024 thère re r)0 conlirmjent liabilibes12023.. NII. P&9
Oasls Chur¢h {Bimiln9harnl D•talled Stattment tsf Financlal A¢tivitl96 for the Y¢ar End•d 31 March 2024 Year to 31 Mwch 2024 Y88r to 31 M8r¢h 2023 INCOME AND ENDOWMEMrs Don•8 ond l•ga¢l•8 Othèr donati¢)n5 Bulldlng Fund 230.533 225,215 212 120 421.187 437,335 Incomlng resources from ¢harbtablo acti¥rbe8 Investmont In¢om• Deposit actounl inlero8t 16,048 14.129 Tot•1 In¢omlno rwurc•s 437.233 4S1,464 EXPENDITURE Charlt•bl• •¢tJvltl•• Dlroct chprflablt e¥pendfture 11.630 7,483 Ralsln9 fund• Donations 14,450 15,861 Support co•t• Salaries and a5soclated cos18 Promistrs runnlng c¢)8ts Bulldlng acqulsltbn costs Administralioft, telephw. tr8v•I etc Other 8xnSt D•preclatlon 161,219 15,998 11.221 2.898 44,435 148,557 12,783 2,380 39,362 Gov•man¢• ¢ost• Accountancy 263,201 228,958 1.891 Tot•1 r••oyr¢•* •xp•nd•d 265.133 230.849 N•t In¢om• Ptye 10