## **Barmouth Oasis Community Group Ltd. Grwp Cymunedol Abermaw** ## **ANNUAL REPORT FOR THE YEAR –** Barmouth Oasis Community Group Ltd. was established in 2003 as a ‘Not for Profit’ Company limited by guarantee initially to enable the setting up and running of Barmouth Oasis Nursery. Over the years, the Group began providing more and more community facilities and became a Registered Charity on 10[th] June 2022. We took ownership of our building – Elephant Works, Barmouth – in September of 2017 having been tenants of its former owner for many years, the Nursery, Barmouth Elim Pentecostal Church and Barmouth Printers all holding separate leases. Elephant Works is a very old building having had a variety of uses over its long life including a snooker hall, furniture store and even an ammunition factory during the war. Needless to say, the building needs to be repaired and redeveloped to make full use of the potential it offers. Since owning the building, BOCG has been seeking grants to enable the redevelopment work to take place. Many grant applications have been made with some limited success but significantly during this year we have received an Expression of Interest Approval from the Welsh Government for a grant of £300,00.00. The full application is in progress, and we anticipate approval in early 2023-2024. In total, our budget for the redevelopment works exceeds £700,00.00 so there is still a long way to go to reach our goal, with more applications for grants continually being made. The Group recognises that need for community facilities in Barmouth. The building currently provides space for the Oasis Nursery, Barmouth Elim Church, Revelation Charity Shop, Barmouth Printers, South Gwynedd Foodbank, Barmouth Foodshare Scheme, a Community Support Group, Barmouth Choir, the Batala Drumming Band, Social Services, Y Bont Family Support Charity, through these various groups we are able to help people of all ages by reducing poverty, loneliness and isolation, providing a safe and welcoming place. In the summer of 2022, we were approached by the Betsi Cadwaladr Health Board and Gwynedd Council asking us to consider becoming a Community Hub, one of many now operating throughout Gwynedd and across North Wales. It had been recognised that our activities were providing many facilities that other Hubs provided, including support groups, a warm space, foodbank, recycled furniture, free school uniforms, support for the homeless, private counselling rooms etc. We agreed to become a Community Support Hub and now work closely with Gwynedd Council and BCUHB. The hub host the warm space twice a week on Mondays and Thursdays between 10am and 2pm, has 6 volunteers that help every session providing tea and coffee facilities plus a lunch consisting of soup, a filled roll, crisps and a pudding during the winter months. An attendee of the support group and warm space has said “ Thank you for everything you have done for me through the support group, it has literally changed my life for the better”. Barmouth Oasis Nursery is a full day care nursery and employs 13 staff, 3 staff members left during the year but were replaced. We currently support 73 families through customised sessions to suit the needs of the parent/carers. We work with social services to provide sessions to support individual cases that need care and support packages. This year we helped Ukrainian refugees with placements, uniforms, general clothing, furniture and friendly support. The setting provided a holiday club for all teacher training days and school holidays, we provided wrap around care in the form of school drop off and collections for after school club. We worked closely with the local Cylch Meithrin to suit parent/carers needs for childcare. We are an approved setting and therefore were able to offer the free 30 hours welsh government childcare scheme for 3 - 4 years, affecting 8 - 10 families. We are registered and inspected by the Care Inspectorate for Wales. We provided a 2 course hot cooled meal every week day at lunchtime for the children and a light 2 course tea at 4pm for nursery children and after school children. ## **Trustees and Volunteers** ## **Trustees:** Reverend Dawn Robinson - Chair Carol Jones - Secretary and Treasurer David Hooper Matthew Harris Elfed Lewis Caroline Barman Peter Cook ## **Volunteers:** Kath Smith Marilyn Whitehouse Anna Harper Angie Bryan Helen Hooper ## Reverend Faye Bentham ## Carol Jones We attach the accounts for the whole year with a breakdown for when we became a charity. |Turnover
Fees
Donation
Other Income
Children's general provisions
Rents received
Government grants
Deposit account interest
Rates and water
Insurance
Light and heat
Event Costs
Directors' remuneration
Wages
Pensions
Telephone
Post and stationery
Advertising and website
Training
Licences
Repairs and renewals
Waste services
Sundry expenses
Accountancy
Legal fees
Bank charges
Bank loan interest
Depreciation
Deferred tax
Corporation tax
Taxable @ 19%|**Dr**
**Cr**
33,099.34
1,395.00
-
539.53
750.00
-
0.99
131.23
546.45
979.72
-
1,961.00
26,071.04
603.15
65.29
62.20
-
102.00
-
77.91
-
85.84
-
-
153.17
182.04
190.59
700.10
32,260.67
35,435.92
3,684.76
700.10
**01/04/22-10/06/22**|**Dr**
**Cr**
173,867.42
7,609.10
1,405.00
3,693.19
5,250.00
45,034.00
27.41
627.88
1,477.22
4,107.28
250.00
-
125,965.26
2,459.41
689.24
1,188.47
1,640.00
98.40
159.00
21,827.97
937.29
1,750.77
816.00
13.00
577.62
509.17
381.40
169,168.57
233,192.93
64,024.36
**11/06/22-31/03/23**|**Dr**
**Cr**
206,966.76
9,004.10
1,405.00
4,232.72
6,000.00
45,034.00
28.40
759.11
2,023.67
5,087.00
250.00
1,961.00
152,036.30
3,062.56
754.53
1,250.67
1,640.00
200.40
159.00
21,905.88
937.29
1,836.61
816.00
13.00
730.79
691.21
381.40
190.59
700.10
201,429.24
268,628.85
67,709.12
**Whole year**| |---|---|---|---| **REGISTERED NUMBER: 05010883 (England and Wales)** ## **BARMOUTH OASIS COMMUNITY GROUP LTD** **REPORT OF THE DIRECTORS AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023** **----- Start of picture text -----**
Page
Company Information 1
Report of the Directors 2
Income Statement 3
Balance Sheet 4
Statement of Changes in Equity 6
Notes to the Financial Statements 7
Report of the Accountants 10
Detailed Income and Expenditure Account 11
**----- End of picture text -----**
**BARMOUTH OASIS COMMUNITY GROUP LTD** ## **COMPANY INFORMATION for the Year Ended 31 MARCH 2023** **----- Start of picture text -----**
DIRECTORS: C S M Jones
D E Robinson
D G Hooper
M P Harris
H E Lewis
P F Cook
C Barman
REGISTERED OFFICE: Canolfan Oasis Centre
Unit 7
Park Road
Barmouth
Gwynedd
LL42 1PH
REGISTERED NUMBER: 05010883 (England and Wales)
ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB
**----- End of picture text -----**
Page 1 **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **REPORT OF THE DIRECTORS for the Year Ended 31 MARCH 2023** The directors present their report with the financial statements of the company for the year ended 31 March 2023. ## **DIRECTORS** The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report. C S M Jones D E Robinson D G Hooper M P Harris H E Lewis Other changes in directors holding office are as follows: F Bentham - resigned 2 May 2022 P F Cook - appointed 13 October 2022 C Barman - appointed 13 October 2022 This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** C S M Jones - Director 11 December 2023 Page 2 ## **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **INCOME STATEMENT for the Year Ended 31 MARCH 2023** |Notes
**TURNOVER**
Cost of sales
**GROSS SURPLUS**
Administrative expenses
Other operating income
**OPERATING SURPLUS**
4
Interest receivable and similar income
Interest payable and similar expenses
**SURPLUS BEFORE TAXATION**
Tax on surplus
5
**SURPLUS FOR THE FINANCIAL YEAR**|2023
£
217,377
4,233
213,144
195,806
17,338
51,034
68,372
28
68,400
691
67,709
509
67,200|2022
£
128,698
4,202
124,496
135,416
(10,920)
23,257
12,337
2
12,339
183
12,156
2,309
9,847| |---|---|---| The notes form part of these financial statements Page 3 **BARMOUTH OASIS COMMUNITY GROUP LTD (REGISTERED NUMBER: 05010883)** ## **BALANCE SHEET 31 MARCH 2023** |Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
9
**PROVISIONS FOR LIABILITIES**
**NET ASSETS**
**RESERVES**
Income and expenditure account|2023
£
12,530
53,214
65,744
4,178|£
253,973
61,566
315,539
(141,567)
-
173,972
173,972
173,972|2022
£
10,102
17,011
27,113
9,603|£
254,354
17,510
271,864
(164,901)
(191)
106,772
106,772
106,772| |---|---|---|---|---| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The notes form part of these financial statements continued... Page 4 **BARMOUTH OASIS COMMUNITY GROUP LTD (REGISTERED NUMBER: 05010883)** ## **BALANCE SHEET - continued 31 MARCH 2023** The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2023 and were signed on its behalf by: C S M Jones - Director The notes form part of these financial statements Page 5 **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **STATEMENT OF CHANGES IN EQUITY for the Year Ended 31 MARCH 2023** |**Balance at 1 April 2021**
**Changes in equity**
Total comprehensive income
**Balance at 31 March 2022**
**Changes in equity**
Total comprehensive income
**Balance at 31 March 2023**|Retained
earnings
£
96,925
9,847
106,772
67,200
173,972|Total
equity
£
96,925
9,847
106,772
67,200
173,972| |---|---|---| The notes form part of these financial statements Page 6 **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023** ## 1. **STATUTORY INFORMATION** Barmouth Oasis Community Group Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 20% on reducing balance ## **Taxation** Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. ## **Deferred tax** Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. ## **Pension costs and other post-retirement benefits** The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 11 (2022 - 11). continued... Page 7 **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023** ## 4. **OPERATING SURPLUS** The operating surplus is stated after charging: **----- Start of picture text -----**
|||| |---|---|---| |2023|2022| |£|£| |Depreciation - owned assets|381|251| **----- End of picture text -----**
## 5. **TAXATION** ## **Analysis of the tax charge** The tax charge on the surplus for the year was as follows: **----- Start of picture text -----**
|||| |---|---|---| |2023|2022| |£|£| |Current tax:| |UK corporation tax|700|2,357| |Deferred tax|(191)|(48)| |Tax on surplus|509|2,309| **----- End of picture text -----**
## 6. **TANGIBLE FIXED ASSETS** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Fixtures| |Freehold|and| |property|Equipment|fittings|Totals| |£|£|£|£| |COST| |At 1 April 2022| |and 31 March 2023|253,351|13,614|375|267,340| |DEPRECIATION| |At 1 April 2022|-|12,611|375|12,986| |Charge for year|-|381|-|381| |At 31 March 2023|-|12,992|375|13,367| |NET BOOK VALUE| |At 31 March 2023|253,351|622|-|253,973| |At 31 March 2022|253,351|1,003|-|254,354| |7.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR| |2023|2022| |£|£| |Trade debtors|12,033|9,623| |Prepayments|497|479| |12,530|10,102| **----- End of picture text -----**
continued... Page 8 **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023** **----- Start of picture text -----**
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 2,762
Trade creditors 2,662 3,704
Tax 700 2,357
Accrued expenses 816 780
4,178 9,603
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Other loans - 1-2 years 25,833 29,167
Private loan 115,734 135,734
141,567 164,901
Amounts falling due in more than five years:
Repayable by instalments
Private loan 115,734 135,734
**----- End of picture text -----**
Page 9 **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF BARMOUTH OASIS COMMUNITY GROUP LTD** As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to nine and you consider that the company is exempt from an audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. E W Owen & Co Glyndwr Buildings Glyndwr Street Dolgellau Gwynedd LL40 1BB 11 December 2023 This page does not form part of the statutory financial statements Page 10 **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2023** |**Turnover**
Fees
Donations
Other Income
**Cost of sales**
Children's general provisions
**GROSS SURPLUS**
**Other income**
Rents received
Government grants
Deposit account interest
**Expenditure**
Rates & water
Insurance
Light and heat
Event costs
Directors' salaries
Wages
Pensions
Telephone
Post and stationery
Advertising and website
Training
Licences
Repairs and renewals
Waste services
Protective clothing
Sundry expenses
Accountancy
Legal fees
**Finance costs**
Bank charges
Bank loan interest
Carried forward|2023
£
206,968
9,004
1,405
6,000
45,034
28
759
2,024
5,087
250
1,961
152,036
3,063
755
1,251
1,640
200
159
21,906
937
-
1,837
816
13
731
691|£
217,377
4,233
213,144
51,062
264,206
194,694
69,512
1,422
68,090|2022
£
122,968
5,730
-
6,500
16,757
2
628
1,925
4,601
-
5,692
109,527
2,343
782
1,646
140
228
-
4,615
621
439
707
780
13
478
183|£
128,698
4,202
124,496
23,259
147,755
134,687
13,068
661
12,407| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 11 **BARMOUTH OASIS COMMUNITY GROUP LTD** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2023** |2023
£
Brought forward
**Depreciation**
Plant and machinery
**NET SURPLUS**|2022
£
£
68,090
381
67,709|£
12,407
251
12,156| |---|---|---| This page does not form part of the statutory financial statements Page 12