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2024-03-31-accounts

Barmouth Oasis Community Group Ltd. Grwp Cymunedol Abermaw Oasis Cyf

ANNUAL REPORT FOR THE YEAR – 2023-2024

Barmouth Oasis Community Group Ltd received the grant from the Welsh Government for the improvements of the building. After tenders being submitted and contracts prepared there was a problem with a local building firm and so another building firm was sourced from outside the locality and was able undertake the work. Unfortunately, this created a delay and further delays were encountered due to bad weather so works commenced much later in the year and won’t be completed until the next financial year.

The HUB operates all year round within the church unit and the warm space continues in the winter months with financial support for the council and friendships continuing to grow. This continues to provide a space for agencies to connect with people who need their help and signposting is a regular occurrence.

All the provisions such as recycled furniture, free school uniforms, support for the homeless etc all continue to assist people as needed.

The nurserey numbers are continuing to increase with changes in the age ranges as children start full time school and we have children start in the baby room. We were awarded flying start status after our application was successful. This has also contributed to an increase in numbers and added support from the childcare department. We employed someone to particularly focus on the after sdchool club and this has been working well and we were quite full for most parts of the week. We also operated a holiday club during school holidays whilst maintaining opening the nurseery as normal during these times. We have received very positive feedback from parents.

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.

REGISTERED NUMBER: 05010883 (England and Wales)

BARMOUTH OASIS COMMUNITY GROUP LTD

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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 2024

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

BARMOUTH OASIS COMMUNITY GROUP LTD

COMPANY INFORMATION for the Year Ended 31 MARCH 2024

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

Page 1

BARMOUTH OASIS COMMUNITY GROUP LTD

REPORT OF THE DIRECTORS for the Year Ended 31 MARCH 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

C S M Jones

D E Robinson

D G Hooper

M P Harris

H E Lewis

P F Cook

C Barman

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

Page 2

BARMOUTH OASIS COMMUNITY GROUP LTD

INCOME STATEMENT for the Year Ended 31 MARCH 2024

Notes
TURNOVER
Cost of sales
GROSS SURPLUS
Distribution costs
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		 2024
£
161
439,208		 £
240,743
9,487
231,256
439,369
(208,113)
256,267
48,154
1,981
50,135
609
49,526
-
49,526		 2023
£
-
195,806		 £
217,377
4,233
213,144
195,806
17,338
51,034
68,372
28
68,400
691
67,709
509
67,200

The notes form part of these financial statements

Page 3

BARMOUTH OASIS COMMUNITY GROUP LTD (REGISTERED NUMBER: 05010883)

BALANCE SHEET 31 MARCH 2024

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
NET ASSETS
RESERVES
Income and expenditure account		 2024
£
19,703
317,175
336,878
25,360		 £
258,381
311,518
569,899
346,401
223,498
223,498
223,498		 2023
£
12,530
53,214
65,744
4,178		 £
253,973
61,566
315,539
141,567
173,972
173,972
173,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

The notes form part of these financial statements

continued...

Page 4

BARMOUTH OASIS COMMUNITY GROUP LTD (REGISTERED NUMBER: 05010883)

BALANCE SHEET - continued 31 MARCH 2024

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 5 July 2024 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 2024

Balance at 1 April 2022
Changes in equity
Total comprehensive income
Balance at 31 March 2023
Changes in equity
Total comprehensive income
Balance at 31 March 2024		 Retained
earnings
£
106,772
67,200
173,972
49,526
223,498		 Total
equity
£
106,772
67,200
173,972
49,526
223,498

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 2024

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 NIL (2023 - 11).

continued...

Page 7

BARMOUTH OASIS COMMUNITY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

4. OPERATING SURPLUS

The operating surplus is stated after charging:

2024 2023
£ £
Depreciation - owned assets 1,548 381

5. TAXATION

Analysis of the tax charge
The tax charge on the surplus for the year was as follows:
Current tax:
UK corporation tax
Deferred tax
Tax on surplus
6.
TANGIBLE FIXED ASSETS
Freehold
property
Equipment
£
£
COST
At 1 April 2023
253,351
13,614
Additions
-
-
At 31 March 2024
253,351
13,614
DEPRECIATION
At 1 April 2023
-
12,992
Charge for year
-
356
At 31 March 2024
-
13,348
NET BOOK VALUE
At 31 March 2024
253,351
266
At 31 March 2023
253,351
622
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments		 Fixtures
and
fittings
£
375
4,958
5,333
375
992
1,367
3,966
-		 2024
£
-
-
-
Computer
equipment
£
-
998
998
-
200
200
798
-
2024
£
19,112
591
19,703		 2023
£
700
(191)
509
Totals
£
267,340
5,956
273,296
13,367
1,548
14,915
258,381
253,973
2023
£
12,033
497
12,530

continued...

Page 8

BARMOUTH OASIS COMMUNITY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Tax
Accrued expenses
9.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
Other loans - 1-2 years
Private loan
Deferred government grants
Amounts falling due in more than five years:
Repayable by instalments
Private loan		 2024
£
24,352
-
1,008
25,360
2024
£
22,500
95,734
228,167
346,401
95,734		 2023
£
2,662
700
816
4,178
2023
£
25,833
115,734
-		 2023
£
2,662
700
816
4,178
141,567
115,734

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 2024 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

Date: .............................................

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 2024

Turnover
Fees
Donations
Other Income
Cost of sales
Children's general provisions
Hub provisions
GROSS SURPLUS
Other income
Rents received
Sundry receipts
Government grants
Deposit account interest
Expenditure
Donations
Rates & water
Insurance
Light and heat
Repairs to property
Event costs
Directors' salaries
Wages
Pensions
Telephone
Post and stationery
Advertising and website
Training
Licences
Repairs and renewals
Waste services
Sundry expenses
Staff amenities
Sundry Expenses
Accountancy
Professional fees
Legal fees
Carried forward		 2024
£
234,090
5,043
1,610
7,160
2,327
9,330
218,533
28,404
1,981
161
904
2,533
9,753
184,533
-
-
198,672
4,798
1,170
1,293
140
35
380
17,928
2,031
-
1,002
8,625
1,008
2,409
13		 £
240,743
9,487
231,256
258,248
489,504
437,388
52,116		 2023
£
206,968
9,004
1,405
4,233
-
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		 £
217,377
4,233
213,144
51,062
264,206
194,694
69,512

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 2024

Brought forward
Finance costs
Bank charges
Bank loan interest
Depreciation
Plant and machinery
Fixtures and fittings
Computer equipment
NET SURPLUS		 2024
£
433
609
356
992
200		 £
52,116
1,042
51,074
1,548
49,526		 2023
£
731
691
381
-
-		 £
69,512
1,422
68,090
381
67,709

This page does not form part of the statutory financial statements

Page 12

INCOME STATEMENT FOR THE YEAR ENDED 31/03/2024 INCOME STATEMENT FOR THE YEAR ENDED 31/03/2024 INCOME STATEMENT FOR THE YEAR ENDED 31/03/2024 INCOME STATEMENT FOR THE YEAR ENDED 31/03/2024
Year End 31/3/2024 Nursery Community
Turnover
Fees 234,089.73 234,089.73
Donations 5,043.34 233.34 4,810.00
Other Income 1,610.00 1,610.00
240,743.07 234,323.07 6,420.00
Cost of sales
Children's general provisions 7,160.22 7,160.22
Hub Provisions 2,327.31 2,327.31
9,487.53 7,160.22 2,327.31
GROSS SURPLUS 231,255.54 227,162.85 4,092.69
Other income
Rents received 9,330.00 9,330.00
Sundry receipts 218,533.30 218,533.30
Government grants 28,404.00 28,404.00
Deposit account interest 1,980.75 258,248.05 28,404.00 1,980.75 229,844.05
Expenditure 489,503.59 255,566.85 233,936.74
Donations 160.77 160.77
Rates & water 904.29 904.29
Insurance 2,532.55 1,642.00 890.55
Light and heat 9,753.06 8,661.40 1,091.66
Property improvements 184,533.30 184,533.30
Event costs -
Directors' remuneration -
Wages 198,671.91 198,671.91
Pensions 4,797.66 4,797.66
Telephone 1,170.12 1,170.12
Post and stationery 1,292.63 1,292.63
Advertising and website 140.00 140.00
Training 35.00 35.00
Licences 380.23 221.23 159.00
Repairs and renewals 17,928.22 17,830.41 97.81
Waste services 2,030.56 2,030.56
Sundry expenses 8,625.00 8,625.00
Staff amenities 1,002.38 1,002.38
Accountancy 1,008.00 1,008.00
Professional fees 2,409.00 2,409.00
Legal fees 13.00 13.00
Bank charges 432.75 297.34 135.41
Bank loan interest 609.16 609.16
Depn of plant & machinery 1,547.14 439,976.73 1,547.14 243,436.00 196,540.73
NET SURPLUS 49,526.86 12,130.85 37,396.01
Tax -
Deferred tax - - - -
49,526.86 12,130.85 37,396.01
Transfer from Nursery to Community Account 9,020.00
-		 9,020.00
Last year accy paid 816.00 816.00
-
Last year tax paid 700.10
-		 700.10
49,526.86 3,226.75 46,300.11
BALANCE SHEETS AS AT 31/03/2024 BALANCE SHEETS AS AT 31/03/2024 BALANCE SHEETS AS AT 31/03/2024 BALANCE SHEETS AS AT 31/03/2024
Year End 31/3/2024 Nursery Community
Fixed Assets
Freehold prop 253,351.40 253,351.40
Improvements to property
Equipment 265.86 265.86
Fixtures & fittings 3,966.72 3,966.72
Computer equipment 798.40 798.40
258,382.38 5,030.98 253,351.40
Current Assets
Trade debtors 19,112.43 19,112.43
Prepayments 590.61 206.36 384.25
Cash in hand 306.39 306.39
Bank account no. 1 18,474.33 18,474.33
Bank account no. 2 239,709.15 15,028.40 224,680.75
Bank account no. 4 58,686.11 58,686.11
336,879.02 53,127.91 283,751.11
Creditors
Trade creditors 24,354.10 24,354.10
Accrued expenses 1,008.00 1,008.00
Tax - -
- 25,362.10
 - 24,354.10
 - 1,008.00
Loans
Deferred grants 228,166.70 228,166.70
Barclays Loan 22,500.21 22,500.21
Private loan 95,733.90 95,733.90
- 346,400.81
 - 22,500.21
 - 323,900.60
223,498.49 11,304.58 212,193.91
Reserves
Brought forward 173,971.63 8,077.83 165,893.80
Surplus for the year 49,526.86 3,226.75 46,300.11
223,498.49 11,304.58 212,193.91
INCOME STATEMENT FOR THE YEAR ENDED 31/03/2024 31/03/2024
Community Unrestricted Restricted
Turnover
Fees
Donations 4,810.00 4,810.00
Other Income 1,610.00 1,610.00
6,420.00 6,420.00 -
Cost of sales
Children's general provisions
Hub Provisions 2,327.31 2,327.31
2,327.31 - 2,327.31
GROSS SURPLUS 4,092.69 6,420.00 2,327.31
-
Other income
Rents received 9,330.00 9,330.00
Sundry receipts 218,533.30 218,533.30
Government grants
Deposit account interest 1,980.75 229,844.05 1,980.75 11,310.75 218,533.30
Expenditure 233,936.74 17,730.75 216,205.99
Donations
Rates & water
Insurance 890.55 890.55
Light and heat 1,091.66 143.57 948.09
Property improvements 184,533.30
Event costs
Directors' remuneration
Wages
Pensions
Telephone
Post and stationery
Advertising and website
Training
Licences 159.00 159.00
Repairs and renewals 97.81 97.81
Waste services
Sundry expenses 8,625.00 8,625.00
Staff amenities
Accountancy 1,008.00 1,008.00
Professional fees
Legal fees
Bank charges 135.41 135.41
Bank loan interest
Depn of plant & machinery 12,007.43 2,336.53 194,204.20
NET SURPLUS 221,929.31 15,394.22 22,001.79
Tax
Deferred tax - - -
221,929.31 15,394.22 22,001.79
Transfer from Nursery to Community Account 9,020.00 9,020.00
Last year accy paid 816.00
-		 816.00
-
Last year tax paid 700.10 700.10
230,833.41 24,298.32 22,001.79
BALANCE SHEET AS AT 31/03/2024 BALANCE SHEET AS AT 31/03/2024 BALANCE SHEET AS AT 31/03/2024 BALANCE SHEET AS AT 31/03/2024
Community Unrestricted Restricted
Fixed Assets
Freehold prop 253,351.40 253,351.40
Improvements to property 184,533.30
Equipment
Fixtures & fittings
Computer equipment
437,884.70 253,351.40 -
Current Assets
Trade debtors
Prepayments 384.25 384.25
Cash in hand
Bank account no. 1
Bank account no. 2 224,680.75 1,980.75 222,700.00
Bank account no. 4 58,686.11 31,217.62 27,468.49
283,751.11 33,582.62 250,168.49
Creditors
Trade creditors
Accrued expenses 1,008.00 1,008.00
Tax - -
- 1,008.00
 - 1,008.00
 -
Loans
Deferred grants 228,166.70 228,166.70
Barclays Loan
Private loan 95,733.90 95,733.90
- 323,900.60
 - 95,733.90
 228,166.70
-
396,727.21 190,192.12 22,001.79
Reserves
Brought forward 165,893.80 165,893.80 -
Surplus for the year 230,833.41 24,298.32 22,001.79
396,727.21 190,192.12 22,001.79
INCOME STATEMENT FOR THE YEAR ENDED 31/03/2024 FOR THE YEAR ENDED 31/03/2024
Restricted Building Community Hub
Turnover
Fees
Donations
Other Income
- - -
Cost of sales
Children's general provisions
Hub Provisions 2,327.31 2,327.31
2,327.31 - 2,327.31
GROSS SURPLUS 2,327.31
-		 - 2,327.31
-
Other income
Rents received
Sundry receipts 218,533.30 184,533.30 34,000.00
Government grants
Deposit account interest 218,533.30 184,533.30 34,000.00
Expenditure 216,205.99 184,533.30 31,672.69
Donations
Rates & water
Insurance
Light and heat 948.09 948.09
Property improvements 184,533.30 184,533.30
Event costs
Directors' remuneration
Wages
Pensions
Telephone
Post and stationery
Advertising and website
Training
Licences
Repairs and renewals 97.81 97.81
Waste services
Sundry expenses 8,625.00 8,625.00
Staff amenities
Accountancy
Professional fees
Legal fees
Bank charges
Bank loan interest
Depn of plant & machinery 194,204.20 184,533.30 9,670.90
NET SURPLUS 22,001.79 - 22,001.79
Tax
Deferred tax - - -
22,001.79 - 22,001.79
Transfer from Nursery to Community Account
Last year accy paid
Last year tax paid
22,001.79 - 22,001.79
BALANCE SHEET AS AT 31/03/2024 BALANCE SHEET AS AT 31/03/2024 BALANCE SHEET AS AT 31/03/2024
Restricted Building Community Hub
Fixed Assets
Freehold prop
Improvements to property
Equipment
Fixtures & fittings
Computer equipment
- - -
Current Assets
Trade debtors
Prepayments
Cash in hand
Bank account no. 1
Bank account no. 2 222,700.00 222,700.00
Bank account no. 4 27,468.49 5,466.70 22,001.79
250,168.49 228,166.70 22,001.79
Creditors
Trade creditors
Accrued expenses
Tax - -
- - -
Loans
Deferred grants 228,166.70 228,166.70
Barclays Loan
Private loan
228,166.70
-		 228,166.70
-		 -
22,001.79 - 22,001.79
Reserves
Brought forward - -
Surplus for the year 22,001.79 - 22,001.79
22,001.79 - 22,001.79