REGISTERED COMPANY NUMBER: 08360755 REGISTERED CHARITY NUMBER: 1174200 OASIS CHURCH (BIRMINGHAM) Report of the Trustees and UnaudSted Flnanclal Statements for Ihe Y•ar Ended 31 Mar¢h 2025 *AEGZ9VMO• 0811212025 COMPANIES HOUSE A12
33
Oa$l$ chUh (Blrmlngham) Contents of the Flnanclal Stalements for the Year Ended 31 March 2025 Page ReFlOrt of the Trustees Ito3 Independent Exfjminer's Report Ststement of Financial Activities Balance Sheet Notes to tho Financial Statements 71010 Detalled Stat8m8nl of Finonclal Actlvi11o$ 11
Oasls chh (Blrmlngham) Report of the Twsteos for the Year Ended 31 March 2025 The trustees present their pOrt with the ffinancial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounllng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffactive 1 January 2015)- STRUCTURE, GOVERNANCE AND MANAGEMENT Oasis Church {Bimingham) is a ¢haritable company limited by guarantee and is governed by its Memorandum and Articles of Association, adopled on 9 August 2017. The trustèes are responsible for the overall governance of the charfly. New Iruslees are appolnled through consultallon with the elders and the board of truslees. They nom)ally serve a temi of three years. after which they may be reappointed for a further lenn if willing and wllh Ihe agreement of both the elders and the board. The board of trustees meots al least four times a year to overs88 strategy, compliance, and the stewardship of resources. Oay-to4ay management of the church's aclivits'es is delegatéd lo the staff team and voluntéers. who aro rosponsible for tho delivery of ministry, Gommunily engagemenL and operallonal support OBJECTIVES AND ACTIVITIES Oa$ls Chur¢h (Birmlnghaml exists lo advance the Christlan faith and provide 5UPPOrt to those most in need wllhln our local cornmunity. We gather a congr8galion of up lo 250 people weekly. with 8dditional households engaging online. In planning our aclivities, trustees have had regard to the Charity Commission's guidance on public benefit. Our ministry Includes Sunday worship, 188¢hlng, pr8yer, and pastoral care, alongside a wlde range of acllvllles designed to seThe Ihe wider community. This is centred in our church building In Harborne, now owned by Ihe charity followin9 ils purcha58 in September 2024. During the year we hosled.. regular youth groups. Alpha groups, and prayer groups; a weekly community f0. a cfrworklng space. English eonversalion ¢lasses, a "Stay and Pla group, and a now 8ensory space, 811 open lo Ihe public; our annual carol SolCO, a Significanl point of connection wilh the local community; and exlemal groups incSudlng an after-school dub, generating a modest rental income. Beyond the buildlng, we fa¢ililat9 5rn811 mld-week groups across the Clty, and weekly'monday Nlght Football" sessions, which provide opportunities for communily, wellbeing, and connectson. ACHIEVEMENT AND PERFORMANCE This year has been particularly significant for the life of the church. Acquisition of Ihe building.. After leasing the Grade11 Ilsted Methodisl ¢hur¢h buildlng sin¢e 2017, wo Successfully purchased the property in summer 2024. Thls was made possible through the g8n8rosity of our congreg8ts.on (who together gave in th• region of £400.000 induding Gift Aid), a grant from Ihe Govemment'$ Community Ownership Fund. and a small mortgage. Establishment of the Soulh Street Community Hub.. The Community Ownership Fund grant also provided resources to launch this new vènlure. We appoinled a Communlty Hub Manager, who has strengthened exlstlng initiatives (community café. ctrworking hub, Slay and Play, and En91ish conversation classes) and started new projects to ensure the building Is a welcoming place for all. Suslaining core mlnislries.. Alongside these developments, we conllnued to deliver the full range of church and community activities described above, maintaining strong levels of engagemonl across worship, discipleship, and outreach. Community engagement highlights.. Our carol service onc• again attradod significant alléndance from local residents. while Monday Night F¢)otball and the National Christian Football Festival gave further opportunllies for relationship building acros$ Birmingham. The trustees are encouraged by the generosty, resilience, and growth demon$lraled in this year, and look lotward to bulldlng on Ihls momentum. Pag8 1
Oas18 Church (Blrnilngham) Roport ol the Trustses for the Year Ended 31 March 2025 HNANCIAL REVIEW Incomè this year was significantly higher than in previous years, reflecting extraordinary congregational giving towards Ihe bulldlng purchase lapprox. £400,000 across this year and the previous yearl and the grant awarded from tho Communlly Ownorship Fund. Regular giving has also Increased, 6nabling the trustees to support the ongoing mortgage payments. A portion of funds has been sel aside for known essential repairs lo the roof and Structu of the building. The tnJstees recognise that fundralslng for these works. as well as for Iho long-t8rn.suslalnabllity of the South Street Communtty Hub {including the salary of the Hub Manager). bwll be key prionlies going fop•vard. To SUPPDrt this, a Fundraising Cowordinator has been appoinled lo oxplore external grant opportunitios. The trustees confirm that the charity remains a golng concern and has sufficiont r¢sepS to Gontinue operating in the foreseeable future. PLANS FOR THE FUTURE In tho coming yaar, Oasls Church (Birmlnghaml intends to: compl818 essential roof and slruclural repairs to the building., onllnue lo d•volop and expand the South Street Community Hub, ensuring Ils 8UStalnablllty through comblnalK)n of grants, donations, and incom&gener81ing a¢livilies- make greater use of the building's rooms for exlernal bookings, conference$, and events, to provide further income and cornmunity Conne10n. and maintain and slrengthon Ih? core minislry of worship, disciaship. and pastoral care. REFERENCE AND ADMINISTRATIVE DETAILS Reg181ered charlty numbgr 1174200 R•gl$l•r•d *)ffl¢• and prln¢lpal •ddr••• Oasis Church South Sireel Bimln9ham West Mldlands B17 OD8 Trusl••s Kwort D M Gooding J D Newbold JFOX R Blab9r lapwnled In May 2024) Accountsnts Inform Accounting Limlled Sl Jam8s House 65 Mere Green Road Sutton Coldfield West Midlands 875 58Y Pago 2
Oasis Church IBlrmlngham) Report of the Trustees for the Year Ended 31 March 202S STATEMENT OF TRUSTEES RESPONSIBILMES The Iruslees are responsible for pparing the Report of the Truslees and the financial statements in accordance with applicable law and United Kingdorn Accounting Standards {Uniled Kingdom Genèrally Accepted Accounting Practice). including Financial Reporting Slandard 102 Yhe Financial Reporting Standard applicable in the UK and Repubh'¢ of Iraland.. The law applicable to charitiès in England and Wales. the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the Irusl deed req¢Jire$ the trustees lo prepare financial slatemenls for each financial year which give a true and fair vigw of the stste of affalrs of the Charity and of the incoming resources and appli¢alion of resource$, including the income and expenditure, of the charity for that perlod. In preparing those financlal statements the Iruslees are required io seloct suitable aoUntIng policies and then apply them consislently: obseNe the methods and principles in the Charity SORP., mak8 judg8m8nls and estimates that are reasonable and prudent: slate whether applicable accounling slondards have been followed. subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concem ba818 unless11 Is inappropriale to presume thBt the charity VAII contlnuè In buslnéss. Thfr Iwstees are responsible for keeping prOr accounting records which disclose with reasonable accura¢y al any time the financial poslllon of the charity and lo enabl8 them to ensure that th6 financial st8lemènts comply with the ChaTiti8s Act 2011, th8 Charity {Accounts and Reports) Regulations 2008 8nd the provislons of the trust deed. They are also responsible for safeguarding the assets of tho charity and hénce for taking raasonable slops for th8 prevenllon and detection of Iraud and other irregularities. Approved by order of the board of trustees on 2? nd slgned on Ils behall by.. O M Goodlng - Trusleo Pago 3
Indep?nd•nt ExamSnor's Report lo lh• Tru$t¢¢$ of Oasls Church {8irn)ingham) We report on the accounts for the year ended 31 March 2025 set out on pages 5 to 10. Respoctiv• r•sponslbllllh$ of trustees and ¢xamln•r The charity's trustees (who are also the director5 for the purposes of company law) are responsible ft)r the preparallon of the accounts. The ¢haiity's trustees consider that an audit is not required for this year lundor Section 14412) of th8 Charftles Ad 2011 (the 2011 Act)) and that an Independent examlnation is requlied. Having satisfied ourselves that the ¢harity is not subject lo audit under company law and is eligible for independ8nt examination. it is our responsibility to.. examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down In the Genoral DiTectiDns gNen by the Charity Commisslon {under Se¢llon 14515)Ibl of the 2011 Acl)., and lo state whethér particular matters have come to our attention. B•sis of th• indopèndenl examin•r'8 report Our examination was carried oul in accordance the General Dirnctions given by the Charity Commission. An examination includes a review of the accounting records kepl by the charity and a ¢omparison of the accounts presented with thosè Trcords. 11 also includes consideration of any unusual ilems or disclosures in Ihe a¢counls, and Seeking explanations from you as trustees concerning any Such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audil, and con5equenlfy no opinlon is given as lo whether the acUnts present a 'true and lalr vlew. and the report Is Ilmiled lo those matters set out In Ihe statements below. Independent examlner'g st•t•m•nt In connedion with our examination, no matter has come lo our attention: (1) which give8 U8 reasonable Cause to believe th81, in any materlal respect, the fequirements lo keep accounting records in accordance with Section 386 and 387 of the Companles Act 2006,, and lo prepare accounts which accord wilh Ihe accounllng records, comply wllh thè accountlng requirements of Sectlons 394 and 395 01 the Compani8s Act 2006 and with the methods and princlple5 ol.th8 Stslement of Recomméndèd Practlce; A¢Unng and Reporting by Chadtlos havè not been 12) lo which, in our opinion, attention should be drawn in order to enable a proper understanding of Ihe accounts to be reachod. I nk1- AcCoaLl Infom) A¢c(wnting Llmlled Sl James House 65 Mere Green Road Sutton Coldfield West Midlands 875 5BY S ecr¥I)e{ 2025 Page 4
Oasls Church IBirnilngharn) Statement of Flnan¢lal Actlvltles for thè Year Ended 31 Mar¢h 2025 Yearto31 Yearlo31 March 2025 March 2024 Total fvnds Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Incoming resources from charitabl8 activities Investment income 307.315 17,879 50.989 358,304 17,879 421.187 16.046 Total 325,194 50,989 378,183 437,233 EXPENDITURE ON Charltabla actlvltles Direct charitablo Oxponditure Donations Other 23.118 13.200 246 036 23,118 13,200 270 561 11,630 14,450 239 053 Total 282,354 24,525 306,879 265.133 NET INCOMEI{EXPENDITURei 42,840 26,464 69,304 172,100 Tr•n8f•rJ bgtw••n fvnd• N•t mov•m•nt In funds 42,840 26,464 69,304 170,100 RECONCILIATION OF FUNDS Total funds brought forward 101.075 391,553 492,628 320.528 TOTAL FUNDS CARRIED FORWARD 143915 418017 561932 492 628 CONTINUING OPERATIONS All income and exp6ndllure has arlsen from contlnulng acllvS1108. Page 5
Oasls Church (Birmingham) Balanc• She•1 Al 31 March 2025 Yearto 31 March 2025 Total fvnds Year lo 31 March 2024 Totsl funds Unrestricted funds Restrlcted funds Notès FIXED ASSETS Tangible assets 3,003 514.607 517,610 308 CURRENT ASSETS Debtors Cash at bank 13,368 1S1 336 249 995 152,380 98,659 251.039 498,652 CREDITORS Amounts falling due wllhln one year {11,468} 111,468) (6.3321 NET CURRENT ASSETS 140 912 239 571 492 320 TOTAL ASSETS LESS CURRENT LIABiunES 143,915 613,266 757,181 492,628 CREDITORS Amounts falling due after one year 10 195 249 195 249 NET ASSETS 143915 418017 561932 492 628 FUNOS Unreslricled funds.. General fund 11 143.915 101.075 Reslrlcled funds.. 8uildin9 Fund 418,017 391.553 TOTAL FUNDS 561932 492 628 For the financial year ending 31 March 2025 the chanty was entltled to ex8mpllon from audit under section 477 of the Companies Act 2006 relaling to small companios. TfU$t••s r•$pon•lbllltl•s The members have not required th8 chaiity to obtaln an audit ol Ils accounts for the year In question In accordance wlth $e¢lion 476., and The trustees acknowledge IheiT responSiblty for Complying with the requirements of the Art with respect to ac¢ounting rerdS and the preparalion of accounts. These accounts have been prepared in accordance wlth Ihe provisions opplicable to companles Sublect to the small companies regime. The financial sialemenls ere approved by the Board of Trustees on 21 2025 and were signed on its behalf by: R A 81aber- Trustee J D Newbold- Trustee J Fox- Trustee M K Wort- Twstee Page 6
Oasls Church {81nnlnghaffl} Notes to Ihe FSnancSal Statements for th• Y•ar Endgd 31 March 2025 ACCOUNTING POLICIES B¥sls of preparlng th• financlal statomants The financial statements of the ¢harity, which is a public benefit entity under FRS 102, have been prepared accordance with the Charities SORP IFRS 102) 'A¢¢ounling and Reporting by Charities: Siatemenl of Recommendèd Practice applicable to charities preparing Iheir accounts in aw)rdance with the Financial Reporling Standard applicable in the UK and Republic of Ireland IFRS 1021 leff¢ctive 1 January 2015}'. Finan¢io1 Reportlng Standard 102 'The Financial Reporting Standard applicabie in the UK and Republic ol Ireland. and the Charities Act 2011. The financial stalements have been prepared under the historical cost convenlion, as modifiéd by the revaluatlon of cartain assets. Incomo Income is brought into account when It Is more Ilkely than nol Ihal the economic benefit of the Income will accn to the charity. Exp•ndltur• Thls Is recognised when a Ilabllity Is Incurred. or a ¢onstrucllve obligatlon arlses. that results In the payment bel unavoidable. Liabilities are recognise¢J as soon as an outftow of economic benefrt is considered more likely than not undér th8 legal or construclivo obligallon mMIttn9 the ¢harity io pay out ra8ourc88. Gov•man¢o CO8t8 These are the costs associated with the general runnlng of the charity and its slrategic management. rather than the costs of ils charitable a¢livilies and day to day managemenl, T•x¥llon The charity Ts exempt from lax on rts Charitsble activities. Fund •¢¢ountlng Unreslrlcled funds be u8ed In accordance wllh the chJritable objeclive8 81 the dlgcretion ol the trustees. Restricted funds Can only be used for particular restricted purposes vlithin the objects of the charity. Restrictions arise when specified by Ihe donor or when funds are raised for particular restricted purposes. Publlc b•n•fit entlty The charity meets the definllion of a public benefil enlity under FRS 102. Assets and liabllllles are Inlllally cognised at historical cost or trans8clion value unless otherwise staled in the relevant accounting policylnote. Golng conc•m Based on the rnon8tary assets and human resources available al 31 March 2025, the trustee$ b81ieve that the charity Is a going concern. VAT Since the charity Is not VAT regislered, all Input VAT Is charged wSth the expense8 to whlch il ref•rs. Page 7
Oasis Church IBlmilngham> Notes to the Financial Statements - contlnued for the Year Endèd 31 March 2025 DONATIONS AND LEGACIES Yearto 31 Yearlo 31 March 2025 March 2024 Othèr donotion$ Building Fund 307,315 230.533 421 187 CHARrrABLE ACTIVITIES COSTS 2024 Totals Fundlng of acllvllles Oireel chèriloble expenditure Donallons Othor 23,118 13,200 270 561 11,630 14,450 239 053 306 879 265 133 SUPPORT COSTS Govemancg ¢oslJ Monagemenl Totals Other resources expended 268 569 270 561 Support costs, Included In the above, are as lollows: Year lo 31 March 2025 Other resources expended Totsl activiti8S Yeor to 31 March 2024 Salari8s and associaltd costs Premlses running cost$ Premises 8CqUlSltion costs Administration, telephone, travel etc Other expenses Professional fees Depreciation Mortgage interest 193,756 31,024 161.219 15,998 11,221 2,898 44.435 1.932 1.350 3,227 31.590 1,992 935 239 053 Pag8 8
Oasis Chur¢h {8lrmlngham Notes lo Iho Flnancl¥l Stat•m•nts- contlnu•d lor the Year Ended 31 March 2025 TRUSTEES, REMUNERATION AND BENEFIT8 During the period ended 31 March 2025 there were no trustee expenses. STAFF COSTS The 8ver8go monthly numbor of émployees during the period, ¢alcul8led in the basis of full lime equivalents. was 5 (2024 '. 7). TANGIBLE FIXED ASSETS Flxturos & Flttlngs Bulldlnos COST OF VALULATION At 1 Apfll 2024 Addltions 11,073 Al 31 March 2025 DEPRECIATION At 1 April 2024 Providing during the year 10,765 Al 31 March 2025 NET BOOK VALUE At 31 Merch 2024 At 31 March 2025 DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YeAR Year to 31 March 2025 Year to 31 March 2024 Other deblors 13,368 Page g
Oa$ls Church IBirmingham) Notes to the Flnanclal Ststements - ¢ontlnuod for the Year Ended 31 March 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Yearto 31 March 2025 Year to 31 March 2024 Taxation and Social security Other creditors 3,733 3.162 10. CREDITORS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR This relates to the mortgage taken out on the purchase of the property. 11, MOVEMENT IN FUNDS Net movement Transferg in funds belween funds Al 1.4.24 At 31.3.25 Unre8lrfcl•d funds General fund 101,075 42,840 143,91 S Rtri¢l9d funds.. Building lund 391,553 26,464 418,017 TOTAL FUNDS 492 628 561932 N81 movement In funds. included In Ihé above arg os follows: Incoming resou5 Resourceg expended Galns and Movemenl in 105ses funds Unrestrlctad funds General fund 325,194 282,354 42,840 Restrict8d funds.. Building Fund 50,989 24,525 26.464 TOTAL FUNDS 376 183 306 879 12. CONTINGENT LIABIUTIES During the year a grant of £250,000 was received to facilitate the purchase of the building. The tem)s of the grant are such 'lhat should the propety be sold svilhin the first seven years of advance.. a proportion of Ihe proceeds on sale equivalent to the original proportion of the acquisition cost 1$ repayab18 {33 /•). The value ol this cannot be dfrfinod as it relates to potential sales proceeds. Therè are no plans for sale of lh8 building wlthln this timeframe. There were no contingent liabilities during the year ended 31 March 2024. Page 10
Oas1$ Church (Birmingham) Dètalled Slatoment of Flnan¢lal Actlvltles for tho Y•ar Ended 31 March 2025 Yearto 31 March 2025 Year lo 31 March 2024 INCOME ANO ENDOWMENTS Donollon$ and legacie5 Other (lonation$ Buildlng Fund 307,315 230,533 358.304 421,187 Incoming resourcès from charitabl6 activities 17.879 16,048 Inv•slm•nt Incomo Deposil account Interest Total Incomlng r•gourc•$ 376,183 437,233 EXPENDITURE Charltabl• actlvltl•s Direct eharit8blè exp8ndllure 23,118 11,630 Ral8lng funds Donations 13,200 14,450 Support ¢o$ts Salaries and assoclaled costs Premises runnin9 costs Building acquisllion cost8 Admlnislratson, telephone, travel elc Other expenses Depreciation Mortgage interest 193,758 31,024 161,219 15,998 11,221 2,898 44,435 1,350 3,227 31,590 935 304,887 283,201 Governance costs Accounlancy 1,992 1,932 Total r•sour¢•s •xp•nd•d 306.879 265,133 Nèt in¢om• 172 100 Page 11