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2024-08-31-accounts

Registered number: 14437401 Charity number: 1201598

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

DIRECTORS' REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Directors and advisers 1
Directors' report 2 – 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 – 13

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024

Directors

E Jayes M Thornton D White

Company registration number

14437401

Charity registration number

1201598

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: ISLE OF SHEPPEY

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024

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: Isle of Sheppey (the company) for the year ended 31 August 2024. 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 24[th] October 2022 and is a registered charity number 1201598.

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 Charitable Trust.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Oasis Community Hub: Isle of Sheppey (the Company) is a company limited by guarantee, whose registered number is 14437401. It is also a registered charity, number 1201598. The Company is governed by a Memorandum and Articles of Association of 24[th] October 2022. 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: ISLE OF SHEPPEY

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024

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 2023/24

Oasis Hub Isle of Sheppey was registered as a charity in 2022 and activities within the hub have formed part of the Oasis Charitable Trust accounts up to the end of August 2024.

Relationship of Oasis Community Hub: Isle of Sheppey 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 Isle of Sheppey

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.

Page 3

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024

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

3. Oasis Community Hub: Isle of Sheppey and its partnership with Oasis Academies

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

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

Financial review

The total incoming resources during the year ended 31st August 2024 amounted to £83,677 (2023: £nil). Expenditure amounted to £40,434 (2023 £nil). The overall result is a surplus of £43,243 (2023: £nil) leaving unrestricted funds of £43,243 (2023: £nil).

Going concern

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. The charity is available for funding opportunities.

Plans for the future

The plan is to establish community activity over the next 12 months in conjunction with support from the local academies.

The vision for the charity is to see transformed people and transformed communities where every person is valued and can reach their full potential. Our mission is to establish a local place of activity that provides integrated, high quality and diverse services to benefit the whole person and the whole community, “360 degree delivery”. We will do this by bringing together the Oasis values, resources, expertise, diverse range of activities, partnerships and operations to create Oasis 360 degrees.

Page 4

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2024

DIRECTORS' RESPONSIBILITIES STATEMENT

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

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 8 April 2025 and signed on their behalf by:

M Thornton

Director

Page 5

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

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

I report on the accounts of the charity for the year ended 31 August 2024.

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: 8 April 2025

Page 6

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2024

Note
INCOME FROM:
Gifts & Donations
2
Grants
2
Other Income
3
TOTAL
RESOURCES EXPENDED
Charitable activities
4
TOTAL RESOURCES EXPENDED
MOVEMENT IN TOTAL FUNDS FOR THE
YEAR - NET (EXPENDITURE) / INCOME
FOR THE YEAR
Total funds at 1 September 2023
TOTAL FUNDS AT 31 AUGUST 2024		 Unrestricted
funds
Restricted
funds
Total
funds
Total
Funds

2024
£
2024
£
2024
£
2023
£
23,458
-
23,458
-
41,275
-
41,275
-
18,944
-
18,944
-
83,677
-
83,677
-
40,434
-
40,434
-
40,434
-
40,434
-
43,243
-
43,243
-
-
-
-
-
43,243
-
43,243
-

The notes on pages 9 to 13 form part of these financial statements.

Page 7

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

BALANCE SHEET AS AT 31 AUGUST 2024


Note
£
CURRENT ASSETS
Cash at bank
10,752
Debtors
7
45,000
55,752
CREDITORS:amounts falling due
within one year
8
(12,509)
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
TOTAL FUNDS
Note
£
CURRENT ASSETS
Cash at bank
10,752
Debtors
7
45,000
55,752
CREDITORS:amounts falling due
within one year
8
(12,509)
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
TOTAL FUNDS		 2024
£



43,243		 2023

£
-
-
55,752
(12,509)		 -
-

-
43,243
-
-
43,243
-

-
43,243
-

For the year ending 31/08/2024 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 8 April 2025 and signed on their behalf, by:

M Thornton Director

The notes on pages 9 to 13 form part of these financial statements.

Page 8

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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 9

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 AUGUST 2024

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 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 10

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 AUGUST 2024

2. VOLUNTARY INCOME

Gifts and Donations
Grants		 Unrestricted
funds
Restricted
funds
Total
funds
Total
Funds
2024
£
2024
£
2024
£
2023
£
23,458
-
23,458
-
41,275
-
41,275
-
64,733
-
64,733
-

3. OTHER INCOME

Other Income Unrestricted
funds
Restricted
funds
Total
funds
Total
Funds
2024
£
2024
£
2024
£
2023
£
18,944
-
18,944
-
18,944
-
18,944
-

4. CHARITABLE ACTIVITIES

Wages & salaries
Equipment
Consumable supplies
Food supplies
Bank charges
Governance costs
Grants payable
Other costs		 Unrestricted
funds
Restricted
funds
Total
funds
Total
Funds
2024
£
2024
£
2024
£
2023
£
23,921
-
23,921
-
887
-
887
-
5,931
-
5,931
-
7,022
-
7,022
-
55
-
55
-
350
-
350
-
228
-
228
-
2,040
-
2,040
-
40,434
-
40,434
-

5. NET INCOMING RESOURCES

This is stated after charging:

Independent examination fee

2024 2023
£ £
350 -

During the year, no Directors received any remuneration (2023: nil). During the year, no Directors received any benefits in kind (2023: nil). During the year, no Directors received any reimbursement of expenses (2023: nil).

Page 11

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: Amounts falling due within one year

Creditors
Intercompany		 2024
£
7,455
5,054
12,509		 2023
£
-
-
-

7. STATEMENT OF FUNDS - 2024

Unrestricted funds
Restricted Funds		 Brought
Forward
Income
2024
Expenditure
2024
Balance
2024
£
£
£
£
-
83,677
(40,434)
43,243
-
-
-
-
-
83,677
(40,434)
43,243

8. ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2024

Unrestricted Restricted
funds funds Total 2024
2024 2024
£ £ £
Current assets 55,752 - 55,752
Creditors due within one year (12,509) - (12,509)
43,243 -
43,243
ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2023
Unrestricted Restricted Total
funds funds funds
2023 2023 2023
£ £ £
Current assets - - -
Creditors due within one year - - -
- -
-

ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2023

Page 12

OASIS COMMUNITY HUB: ISLE OF SHEPPEY

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) FOR THE YEAR ENDED 31 AUGUST 2024

9. 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: Isle of Sheppey. 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: Ashburton Park, 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:

10. RELATED PARTY TRANSACTIONS

During the year transactions passed from OCP to the hub were £5,054. At the year-end a balance of £5,054 (2023: £nil ) was owed by the hub to OCP.

There were no other related party transactions.

Page 13