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2023-08-31-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 2023

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 – 9
Independent examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 – 17

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 2023

Directors

S Culy A Mullens (resigned 9 February 2023) S Barriscale (resigned 9 January 2024) R Arnott (appointed 21 December 2023) S Forrest (appointed 9 February 2023)

Company registration number

12515168

Charity registration number

1189489

Registered office

1 Kennington Road, London, SE1 7QP

Company secretary

K Simmonds

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 2023

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 2023. 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 2023

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 2024.

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 aspire to develop work in close collaboration. A number of new initiatives have transpired this year as part of this approach. Equally existing programmes have benefited from an adapted approach to meet local needs.

The charity’s priority continues to be supporting families and individuals in ways that have ensured that all of their basic needs are met followed by further support over time to improve individual circumstances. We still consider ourselves to be a small charity in its infancy, however we feel that we are at a vital point in our development where we have an established core programme and growing reputation.

We have many supporters including project partners and those who have accessed our services, we feel that this has created a strong movement for local people wanting to support us to influence local changes but equally committing to support this.

Our work continues to highlight the impact felt across the wider geographical area than the immediate Academy community. It is therefore encouraging that local people bring ideas to us as well as considered solutions to local issues. Together through a range of bespoke and tailored initiatives we hope to continue to work with local people in this way with the collective objective of making it a better place to live and work for everybody full of hopeful opportunities.

A Summary of key Projects:

Family Support

Page 3

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2023

Food Programmes

Health & Wellbeing

Children and Youth Work Development

This year with support of the #Iwill fund we have been able to develop and think more about the shape of our future youth and children’s work. This particular fund has enabled us to do this ensuring that the work being explored and created has children and young people at the centre of this. Those involved have been able to develop their own project and programme with the support of the team alongside them. The group has launched a Community Kitchen Club giving the young people and opportunity to work alongside a trained chef to prepare meals each week for the local community as part of a café set up.

Page 4

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2023

Within the local Academy children have launched a Fun Squad with the Community Teams support and have been trialling ideas with their peers with a view to establish a youth group.

Training and Education

Key Achievements:

Page 5

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2023

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 54 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 6

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2023

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 2023 amounted to £90,349 (2022: £66,328. Expenditure amounted to £63,548 (2022: £50,541). The overall result is a surplus of £26,801 (2022: £15,787).

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. 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.

Plans for the future

Over the next year the Warndon Community Hub plans to focus further on developing its capacity and sustainability. Building upon the commitment of the community team inclusive of our volunteers we now feel confident that the programme currently on offer meets the needs of those that access the current offer with a degree of flexibility to respond to emerging needs as well as opportunities. We now want to build our resilience as a small local charity and commit to the current offer. Our strategy is such that we want to be able to reach more people and offer them the same level of support experienced by others. There is a demand for our support but we want to ensure that we are able to commit to this by growing our team and ensuring our facilities can meet the need of this.

Family Support: High Level support will remain a priority for the local Hub. This work is part of our core offer and will be a focus for working towards securing longer term funding. There is a need to secure our team for a longer period of time to really enable us to commit to working with people long term. We will work in others ways to bring further capacity to the team and will draw upon our large network of local partners to explore other services that can deliver locally from our space under the umbrella of our family support package.

Food: We will continue to work alongside Worcester Foodbank to provide a pickup point as part of a satellite. No w that this work is becoming part of our core offer we will seek to explore funding to enable us a s a team to continue to facilitate this. This will be vital as often clients that access the satellite require further support and we would like to be able to provide further capacity to support this need.

A project previously named Fairshare has recently been rebranded as ‘Too Good to Throw’ this has been a conscious move to continue to remove any stigma around accessing our food provisions and to promote the advantages of accessing our food programmes that prevent food waste and have a positive impact on the environment as a result.

Health, wellbeing & Environmental:

An expanding priority for us will be to explore opportunities with local NHS partners to ensure that families have access to ensuring that their basic health needs are met. We will work with the local community to ensure that

Page 7

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2023

their voices are heard and explore what services could be offered to improve the health wellbeing and life chances of local people.

Equally following the success of the Active family’s pilot & subsequent Active Adults programme funded by Sport England & Active Hereford & Worcestershire we hope to continue to work with existing partners to create sustainability within popular programmes to ensure that adults and families are able to get active together. We also hope to work with Bike Worcester and the Academy to set up a bike bus this next year. The bike bus will seek to be a fun and environmentally friendly alternative for families to choose how they travel to school.

We are excited about being able to bring an idea to life with one of our volunteers taking an active role in developing a community kitchen garden. With a number of subsidiary projects connected to this we following funding from the Peoples Postcode Lottery & Inclusive Communities fund the garden will provide local people with opportunities to create more sustainable food sources for them and their family. The project ‘Get Set Grow’ will enable local people to get involved, volunteer, and develop a wide-ranging set of skills. Those involved will be able to embrace local outdoor spaces available to them, get connected to nature and learn about local environmental issues as well as assets on their doorstep.

Enterprise & Education:

As part of our sustainability we will be working towards creating an income generation plan that will include exploration of a range of enterprising events across the year that would support to raise vital funds for the charity. As a team we feel that we have capacity amongst the volunteer team currently to support with this.

We will equally continue to partner with the Academy to enable accessibility to preloved 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.

We are committed to being part of the Oasis Living Room campaign and as part of our ‘Get Set Grow’ Tuesday Brunch & Open House opportunities we will continue to make technology and free Wi-fi available. This provision will support the wider community to manage Universal Credit, housing applications and seek other support as well as offer space and support for individuals to enrol on courses and use the Hub space for flexible study.

The Level 2 training Teacher Training programme continues to be well received and will continue with us working with Worcestershire Adult Education and the Academy for student placements. We hope to highlight the opportunities earlier for the future and will explore taster sessions and coffee mornings with the provider earlier in the year to raise awareness of the opportunity.

Volunteering: We are privileged to have a committed core team of volunteers with an empowering skill set. Existing volunteers can support the onboarding of new volunteers within projects as they know projects well. Our growth and sustainability will draw upon this to empower existing volunteers as well as draw in further voluntary support to enable us all to collectively work towards securing the future of existing projects, but equally the longterm development and expansion of our work.

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).

Page 8

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE PERIOD ENDED 31 AUGUST 2023

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:

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 09/01/2024 and signed on their behalf by:

S Culy

Director

Page 9

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 2023.

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: 08/04/2024

Page 10

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 2023

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 2022
TOTAL FUNDS AT 31 AUGUST 2023		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds

2023
£
2023
£
2023
£
2022
£
1,579
2,552
4,131
36,456
450
79,780
80,230
24,348
5,756
232
5,988
5,524
7,785
82,564
90,349
66,328
8,557
54,991
63,548
50,541
8,557
54,991
63,548
50,541
(772)
27,573
26,801
15,787
1,625
40,083
41,708
25,921
853
67,656
68,509
41,708

The notes on pages 13 to 17 form part of these financial statements.

Page 11

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

BALANCE SHEET AS AT 31 AUGUST 2023

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

£
68,606
4,231		 2023

£



68,509

£
36,966
7,853		 2022

£



41,708
72,837
(4,328)		 44,819
(3,111)




68,509 41,708
60,268
8,241		 40,083
1,625
68,509 41,708

For the period ending 31/08/2023 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 09/01/2024 and signed on their behalf, by:

S Culy Director

The notes on pages 13 to 17 form part of these financial statements.

Page 12

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

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 13

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE PERIOD ENDED 31 AUGUST 2023

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.

1.7 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.9 Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets held at amortised cost comprise cash and bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors.

1.10 Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

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 14

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE PERIOD ENDED 31 AUGUST 2023

2. INCOME

INCOME
Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Gifts and Donations 1,579 2,552 4,131 36,456
Grants 450 79,780 80,230 24,348
Other Income 5,756 232 5,988 5,524
7,785 82,564 90,349 66,328
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
Restricted
funds
Total
funds
Total
funds
2023
£
2023
£
2023
£
2022
£
5,685
31,363
37,048
13,538
300
-
300
275
70
-
70
46
-
4,275
4,275
4,266
390
5,924
6,314
6,551
372
2,159
2,531
1,816
-
4,250
4,250
18,254
145
-
145
195
368
559
927
735
-
692
692
679
122
3,749
3,871
2,081
1,105
2,020
3,125
2,105
8,557
54,991
63,548
50,541
2023
2022
£
£
300
275

During the period, no Directors received any remuneration (2022: nil). During the period, no Directors received any benefits in kind (2022: nil). During the period, no Directors received any reimbursement of expenses (2022: nil).

Page 15

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE PERIOD ENDED 31 AUGUST 2023

5. CREDITORS: Amounts falling due within one year

Creditors
Intercompany		 2023
£
3,886
442
4,328		 2022
£
3,091
20
3,111

6. STATEMENT OF FUNDS

Unrestricted funds
Restricted Funds:
Family Support
Food Pantry
Environmental
Youth and Community
Community Soup		 Brought
Forward
Income
2023
Expenditure
2023
Carried
Forward
£
£
£
£
1,625
7,785
(8,557)
853
33,345
43,051
(45,625)
30,771
4,671
3,375
(2,998)
5,048
2,067
23,638
-
25,705
-
10,250
(4,987)
5,263
-
2,250
(1,381)
869
41,708
90,349
(63,548)
68,509

7. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current assets
Creditors due within one year		 Unrestricted
funds
Restricte
d funds
Total
funds
2023
£
2023
£
2023
£
4,231
68,606
72,837
(490)
(3,838)
**(4,328) **		 Total
funds
2022
£

44,819

(3,111)
3,741
64,768
68,509		 41,708

Page 16

OASIS COMMUNITY HUB: WARNDON

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 AUGUST 2023

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 £4,250 (2022: £18,254) for management costs and £nil (2022: £1,104) for expense recharges to other group companies.

At the year-end a balance of £442 was owed by the hub to OCP (2022: £20)

There were no other related party transactions.

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