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2022-08-31-accounts

Registered number: 12515168 Charity number: 1189489

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Directors 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 – 16

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE PERIOD ENDED 31 AUGUST 2022

Directors

S Culy A Mullens D Yong (resigned 3/12/21) S Barriscale (appointed 11/11/21)

Company registration number

12515168

Charity registration number

1189489

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

DJ Parr (resigned 5 July 2022) K Simmonds (appointed 5 July 2022)

Independent examiner

Mr Matt Ryan, FCCA Numbers Ltd

Page 1

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2022

The Directors (who are also Trustees of the charity for the purposes of the Charities Act) present their annual report together with the audited financial statements of Oasis Community Hub: Warndon (the company) for the year to 31 August 2022. 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 12[th] March 2020 and is a registered charity number 1189489.

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 Articles of Association. 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 Ltd.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Oasis Community Hub: Warndon (the Company) is a company limited by guarantee, whose registered number is 12515168. It is also a registered charity, number 1189489. The Company is governed by a Memorandum and Articles of Association of 12[th] March 2020. 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 AND GOING CONCERN

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: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2022

The risks and impact of the cost of living crisis 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.

The Directors consider that Oasis Community Hub: Warndon 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:

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

Oasis Community Hub Warndon along with its surrounding community continue to be impacted by the legacy of the Covid-19 pandemic. Over the last 18 months programmes have been adapted and developed to allow for a degree of flexibility to allow for continued change so that the work would be able to respond to the complex needs of the most vulnerable families within society. The charity’s priority has continued to be supporting families and individuals in ways that have ensured that all of their basic needs were met followed by further support over time to improve individual circumstances.

For a small charity still in its infancy the work continues to highlight the impact felt across a much wider geographical area than the immediate Academy community that was once the case. For example there has been a healthy and almost instant return of families wanting to attend activity as soon as covid restrictions were eased. Committed families who frequently used the hub prior to the pandemic have returned along with a new wave of families and adults completely new to the work now accessing regular provision. The team continue to be encouraged by support from the immediate and surrounding community, often receiving contributions from local business and volunteers wishing to contribute to making the community a better place for everybody. This has been particularly encouraging to see as the team work towards growing a local movement as it appears to be evolving very organically as more local people invite others to support or take part in community Hub life.

A Summary of key Projects:

Page 3

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2022

Key Achievements:

Page 4

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2022

Relationship of Oasis Community Hub: Warndon 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 Warndon

These are described 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.

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 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: Warndon 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: Warndon operates locally in order to respond appropriately to the needs of the local area. As a result, Oasis Community Hub: Warndon benefits from higher quality and cheaper infrastructure than it would be able to access as entirely standalone organisation.

3. Oasis Community Hub: Warndon and its partnership with Oasis Academies

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

Oasis Community Hub: Warndon delivers integrated community development across the hub and in particular the communities surrounding Oasis Academy Warndon. One objective of Oasis Community Hub: Warndon is to provide wrap around care for students and their parents/carers at the Academy. Therefore, Oasis Community Hub: Warndon works in close partnership with Oasis Academy Warndon in order to provide integrated and holistic community transformation.

Page 5

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2022

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: Warndon 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: Warndon has been specifically established to govern our charitable community activities in the area.

Financial review

The total incoming resources during the year ended 31st August 2022 amounted to £66,328 (2021: £57,825. Expenditure amounted to £50,541 (2021: £31,904). The overall result is a surplus of £15,787 (2021: £25,921).

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. 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

Over the next year the Warndon Hub plans to focus on developing programmes as a direct response to local need and the legacy of the covid-19 pandemic. We will continue to build strong local partnerships to ensure connectivity between services enabling us to help families to access a range of support on their own doorstep in response to the following themes identified by those who currently access the Community Hubs programme.

Family Support: High Level support will remain a priority for the local Hub. The team will seek to work to secure funding that will enable the team security over a longer more sustained period of time. The charity will continue to work with and grow work with existing and new organisations and experienced professionals to ensure the best outcomes for those accessing our support. We will continue to build relationships with local housing providers to support families at risk of homelessness or living in temporary accommodation. The team will seek further opportunities to support individuals into employment, volunteering or training as the Building Better Opportunities work currently funded though a local housing association comes to an end next year.

The Stay & Play opportunities will expand across the week largely due to the capacity brought by experienced volunteers passionate to grow this work. It is hoped that a number of sessions will run from the nursery building within the Academy to enable more families to access stay and play opportunities but will equally help to influence school choices.

Work will continue to grow and develop with partners from within the Living well service, NHS and Action for Children to provide a range of parenting support such as parenting programmes and drop ins to ensure families are able to access support to ensure their families basic health care needs are met.

Food: A review of the foodbank satellite project will take place to ensure that the project meets the needs of clients locally and is sustainable going forward for both organisations. Distribution of FairShare projects will continue term-time only providing 30 parcels per week. There is increased demand for this programme and the team are looking to upscale the provisions of further parcels subject to funding and volunteer capacity. The fresh parcels enable families to move away from food dependence with our support. Alongside the parcel provision a weekly café will run to enable people to keep war, stay connected and seek advice and support from trained staff,

Page 6

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2022

volunteers and visiting partners to support with a variety of needs including availability of Domestic Abuse Champions, local housing providers and the carers association initially.

Health, wellbeing & Environmental: Following the success of the Active family’s pilot with Oasis Waterloo and Sport England opportunities will be sought to extend the programme to enable more families to get active together to improve mental health and wellbeing. After listening to local families, the provision will be extended to include sessions for adults until March 2023 after receipt of additional funding for this from Sport England. The charity would like to further explore the connections made between family support work and signposting in to the Active Adults and families programmes to offer additional support and initiatives around mental health support as well as food nutrition.

We want to embrace our outdoor spaces and look at ways to maximise their potential, with a particular focus on our community garden and spaces available within the Academy. The team of Hub Councillors will work with the Wildlife Trust to develop the school pond and explore other opportunities to enable the local community to get connected to nature and learn about local environmental issues as well as assets on their doorstep.

Enterprise & Education: Working closely with the Academy to enable accessibility to pre loved school, uniform, shoes and warm winter coats, building volunteer capacity to enable further pop up sale events to generate income for the advancement of the charity. As part of the Oasis Living Room campaign opportunities and capacity will be explored to enable the return of a successful learning café which will utilise available technology and internet access. This provision will support the wider community to manage Universal Credit, housing applications and seek other support as well as offer space and support to enrol on courses and use the Hub space for flexible study.

In anticipation of the Level 2 training programme being well received we anticipate to continue to work with a local learning provider and the Academy to continue to this programme with placements in the Academy on an annual basis. We would also hope to increase the number of courses to support different access points into learning for both families and adults wishing to upskill and take on new challenges increasing their employment prospects.

Volunteering: There has been a significant increase in volunteer interest and commitment during the last 12 months. The grown of the volunteer team has been enabled by capacity within the team to recruit and support volunteers but equally the interest in volunteering as grown organically. The Hub team hope to build upon this by sharing volunteer stories to enable further recruitment to increase capacity across all community activity as well as develop particular volunteer profiles including roles to support with more targeted work around fundraising for example. The team will also work closely with other partners and as a team to continue to bring further opportunity and resource to the volunteer team so that individuals can develop their skills, confidence and selfesteem too.

DIRECTORS' RESPONSIBILITIES STATEMENT

The Directors (who are also Trustees of Oasis Community Hub: Warndon 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:

Page 7

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2022

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 16 January 2023 and signed on their behalf by:

S Culy

Director

Page 8

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF OASIS COMMUNITY HUB: WARNDON

I report on the accounts of the charity for the period ended 31 August 2022.

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: 16 January 2023

Page 9

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2022

Note
INCOME FROM:
Gifts & Donations
2
Grants
2
Other Income
2
TOTAL
RESOURCES EXPENDED
Charitable activities
3
TOTAL RESOURCES EXPENDED
MOVEMENT IN TOTAL FUNDS FOR THE
YEAR - NET (EXPENDITURE) / INCOME
FOR THE YEAR
Total funds at 1 September 2021
TOTAL FUNDS AT 31 AUGUST 2022		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds

2022
£
2022
£
2022
£
2021
£
1,894
34,562
36,456
7,846
-
24,348
24,348
42,106
5,524
-
5,524
8,233
7,418
58,910
66,328
57,825
7,789
42,752
50,541
31,904
7,789
42,752
50,541
31,904
(371)
16,158
15,787
25,921
1,996
23,925
25,921
-
1,625
40,083
41,708
25,921

The notes on pages 12 to 16 form part of these financial statements.

Page 10

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

BALANCE SHEET AS AT 31 AUGUST 2022

Note
CURRENT ASSETS
Cash at bank
Debtors
5
CREDITORS:amounts falling due
within one year
6
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
6
Unrestricted funds
6
TOTAL FUNDS

£
36,966
7,853		 2022

£



41,708

£
27,238
2,325		 2021

£



25,921
44,819
(3,111)		 29,563
(3,642)




41,708 25,921
40,083
1,625		 33,925
1,996
41,708 25,921

For the period ending 31/08/2022 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 have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Directors on 16 January 2023 and signed on their behalf, by:

S Culy Director

The notes on pages 12 to 16 form part of these financial statements.

Page 11

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2022

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS 102) applicable to charities preparing their accounts in accordance with FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

Under FRS 102 the charity claims an exemption for preparing a cash flow statement. The parent company (Oasis Community Partnerships), prepares consolidated accounts, which include a group cash flow statement and the hub companies are consolidated into this.

1.2 Company status

The company is a company limited by guarantee incorporated and domiciled in the UK and is a public benefit entity. The sole member of the company is Oasis Community Partnerships and it’s 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 £10.

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 or which have been raised by the company for particular purposes. The costs 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 probable. The incoming resources includes gifts and donations and grants.

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 hub’s operations and activities.

Page 12

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE PERIOD ENDED 31 AUGUST 2022

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.

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.

1.11 Reconciliation with previously accepted Generally Accepted Accounting Practice

In preparing the accounts, the directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. In their estimation, the impact of transitioning is not material to the financial statements and therefore the restatement of comparative items is not required. The transition date was 1 September 2014.

Page 13

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE PERIOD ENDED 31 AUGUST 2022

2. INCOME

Unrestricted
funds
2022
£
Gifts and Donations
1,894
Grants
-
Other Income
5,524
7,418		 Unrestricted
funds
2022
£
Gifts and Donations
1,894
Grants
-
Other Income
5,524
7,418		 Restricted
funds
Total
funds
2022
£
2022
£

34,562
36,456

24,348
24,348

-
5,524		 Total
funds
2021
£

7,486

42,106

8,233
7,418
58,910
66,328
57,825

3. CHARITABLE ACTIVITIES

Staff costs
Governance costs
Bank charges
Consultancy
Food
Equipment
Management costs
Telephone costs
Consumables
Subscriptions
Travel and Subsistence
Other costs
4.
NET INCOMING RESOURCES
This is stated after charging:
Independent examination fee		 Unrestricted
funds
2022
£
3,031
275
46
-
24
-
2,420
195
177
679
236
706

Restricted
funds
Total
funds


2022
£
2022
£

10,507
13,538

-
275

-
46

4,266
4,266

6,527
6,551

1,816
1,816

15,834
18,254

-
195

558
735

-
679

1,845
2,081

1,399
2,105

Restricted
funds
Total
funds


2022
£
2022
£

10,507
13,538

-
275

-
46

4,266
4,266

6,527
6,551

1,816
1,816

15,834
18,254

-
195

558
735

-
679

1,845
2,081

1,399
2,105

Total
funds


2021
£

-

450

16

1,585

4,738

719

19,631

71

2,835

850

-

1,009

31,904
2021
£
250
7,789
42,752
50,541
2022
£
275

During the period, no Directors received any remuneration. During the period, no Directors received any benefits in kind. During the period, no Directors received any reimbursement of expenses.

Page 14

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE PERIOD ENDED 31 AUGUST 2022

5. CREDITORS: Amounts falling due within one year

Creditors
Intercompany		 2022
£
3,091
20
3,111		 2021
£
2,255
1,387
3,642

6. STATEMENT OF FUNDS

Unrestricted funds
Restricted Funds		 Brought
Forward
Income
2022
Expenditure
2022
Carried
Forward
£
£
£
£
1,996
7,418
(7,789)
1,625
23,925
58,910
(42,752)
40,083
25,921
66,328
(50,541)
41,708

7. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
Restricte
d funds
Total
funds
Total
funds
2022
£
2022
£
2022
£
2021
£
Current assets
4,736
40,083
44,819
29,563
Creditors due within one year
(3,111)
-
(3,111)
(3,642)
1,625
40,083
41,708
25,921		 Unrestricted
funds
Restricte
d funds
Total
funds
Total
funds
2022
£
2022
£
2022
£
2021
£
Current assets
4,736
40,083
44,819
29,563
Creditors due within one year
(3,111)
-
(3,111)
(3,642)
1,625
40,083
41,708
25,921		 Unrestricted
funds
Restricte
d funds
Total
funds
Total
funds
2022
£
2022
£
2022
£
2021
£
Current assets
4,736
40,083
44,819
29,563
Creditors due within one year
(3,111)
-
(3,111)
(3,642)
1,625
40,083
41,708
25,921
1,625
40,083
41,708		 25,921

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OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 AUGUST 2022

8. 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: Warndon. 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: Warndon, 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:

9. RELATED PARTY TRANSACTIONS

During the period the company paid £18,254 (2021: £19,631) for management costs and £1,104 (2021: £500) for expense recharges to other group companies.

At the year-end a balance of £20 was owed by the hub to OCP (2021: £1,387)

There were no other related party transactions.

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