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2023-12-31-annual-return

COMPANY REGISTRATION NUMBER: NI032295 CHARITY REGISTRATION NUMBER: NIC 100881

Oasis - Caring in Action Company Limited by Guarantee

Financial Statements 31 December 2023

Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN

Oasis - Caring in Action

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2023

Page
Trustees' annual report (incorporating the director's report) 1
Independent auditor's report to the members 13
Statement of financial activities (including income and
expenditure account) 19
Statement of financial position 20
Statement of cash flows 21
Notes to the financial statements 22
The following pages do not form part of the financial statements
Detailed statement of financial activities 36
Notes to the detailed statement of financial activities 38

Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2023

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 December 2023.

Chair's report

We as a board of trustees remained focused during 2023 on consolidating the more appropriately sized business in our collective rented premises.

This strategy agreed with professional advisers has brought relative stability and resulted in clear robust governance within OCIA ltd and ultimately it ensures we run operations on a firm and sustainable operating model.

Little did we know at the beginning of the year how much this model would be tested as we drew near the end of our financial year.

The nature of our charity means we are totally reliant on our partner funders to which we are very grateful, but as we saw first-hand this carries risks, should the funding fail to materialise.

The Antrim Hub, which had been such a vital link for the Antrim community was unable to get its funding renewed and although we tried to keep them operational for three months by using reserve monies to pay wages until a further application was submitted, this also failed leaving us in the horrible position of having to close the Hub down and pay redundancy to all the staff from our reserves.

This was a sad loss to our operation and a lesson for the future to us all that we are at the behest of funders and need to always be on the lookout for alternative sources of income.

We do continue to oversee the management of the Antrim Foodbank, which provides a vital role in the community.

This whole situation was compounded by the loss of our CEO who due to severe illness had to take time off from work and eventually retire due to ill health at end of the year. We wish him a speedy recovery and thank him immensely for all that he did in raising OCIA from the ashes and setting us on a much firmer foundation.

This event again tested our governance and demonstrated the need for succession planning within the organisation, which was something we had been looking at earlier in the year and had asked for a study to be done. It is imperative that we learn from this going forward in order that we have backups for all our management, to avoid any future disruption to our services.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Despite this challenging end to 2023, we made significant progress through the year against a background of a continuing cost of living crisis and the residual effects of the covid pandemic, which caused social isolation for many vulnerable people. By God's help and enabling we still managed to meet and even exceed our goals in the community, providing a much-needed service for those in need in all generations.

We continued to narrow our focus on the core long established activities of the charity that were and are still performing well in their own right. These activities typically exist to offer support, training and resources to individuals and thereby empowering and changing lives on a personal, family, and community perspective.

The board and CEO's emphasis has been on protecting and developing our core activities, overseeing the implementation of clear and accountable financial discipline, reducing debt where possible and ensuring we have a sustainable financial footing through 2023 and well beyond. All this whilst assessing current and future economic headwinds and dealing with the current cost of living crisis.

We are seeing first hand across all programmes the heartache caused by people being displaced from their homelands and arriving in the province and we commend our excellent staff for welcoming them into our OASIS home across all sites.

It is really important that we put on record our sincere thanks to groups such as:

plus the very generous donations from the public and local churches around the Antrim foodbank.

We continue to witness the many personal testimonies which support the impact of the charity's work. As always this has been a most pleasing aspect and is at the heart of our Christian ethos to look after the neediest in society.

We are confident moving in to 2024 of OCIA's ability to perform strongly within its means and realise opportunities to further develop its work supporting lives within the community.

On behalf of the board of OCIA we should like to record our gratitude to all management and staff for their outstanding commitment to provide such valuable services.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

We especially wish to convey our thanks and best wishes to Stephen Cruise as he battles illness. We are praying for a speedy recovery and welcome Ken Humphrey as our new CEO.

Oasis Caring in Action simply exists as a demonstration of God's love in the communities we serve.

It has been a privilege to lead the charity in pursuit of its aims to alleviate the challenges facing the impoverished and isolated in our society.

We are looking forward with fresh enthusiasm to our continued service.

Donald Eastop Chairman

Reference and administrative details

Registered charity name Oasis - Caring in Action Charity registration number NIC 100881 Company registration number NI032295 Principal office and registered 81-83 Castlereagh Street office Belfast County Antrim BT5 4NF The trustees Mrs Helen Newell (Appointed 10 June 2023) Mr James McKay Mr Michael Patterson Mr Donald Eastop Mr Stephen Todd (Resigned 21 February 2024) Mr David Mark Auditor Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN Bankers Ulster Bank Limited Arches Retail Park Belfast BT5 4AF

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Solicitors Hewitt & Gilpin 73 Holywood Road Belfast BT4 3BA

Structure, governance and management

Oasis-Caring in Action is a company limited by guarantee, incorporated on 22 April 1997, accepted as a charity for tax purpose by HM Revenue and Customs on the 22 April 1997 and registered with the Charity Commission for Northern Ireland on 1 April 2015. It is governed by its Memorandum and Articles of Association dated 18 April 1997 and amended on 17 October 2002 and 20 March 2015. These were further updated on 10 March 2023.

The key personnel of the Charity are the CEO and the Managers of Finance, Early Years, Imago, Antrim Hub and Foodbank, Princes Trust and Good Morning Oasis.

Organisational Structure

The charitable company is governed by its Memorandum and Articles of Association. The company is not-for-profit and limited by guarantee. The liability of members is limited to £1.

New directors are briefed about their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee, the decision-making process, the business plan and the recent financial performance of the charity. They are free to discuss any issue with other directors or key employees. Directors are encouraged to attend any appropriate external training events which will facilitate the undertaking of their role.

Public Benefit Activities

Oasis Caring in Action has been set up to relieve poverty and to provide facilities in the interests of social welfare using a community development process. It desires to help improve the conditions of life of the inhabitants of Northern Ireland (mainly East Belfast) and its environs and to work with partners in other disadvantaged areas of the world.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Objectives and activities

Our purpose and activities (including mission statement):

The purposes of the charity are

The vision that shapes our activities is focussed upon meeting the needs of those who find themselves impoverished or marginalised in our society. To this end, the trustees have considered the Charity Commissions guidance on public benefit.

The charity relies on grants, donations from individuals and income from fees.

Affordability and access are of paramount importance to Oasis and is reflected in our pricing policy (for after schools and childcare provision).

We endeavour to ensure that our activities are accessible to all within our community, irrespective of background. This is evident in the diversity present in all levels of our charity.

Our mission statement is:

Oasis exists as a practical demonstration of God's love for the communities of East Belfast and Antrim.

We offer training and resources wishing to see people empowered within their personal, family and community lives as practical evidence of God's love. The following priorities presently guide our work;

 Offering affordable and accessible early years provision in partnership with Health and Social Services, thus providing childcare places, family visitation, and support for vulnerable parents. We will also offer after-school full-day services.

 Offering programmes focussed upon education for those who have been unable to benefit in that regard from school life.

Oasis Strategic Aims

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Vital to our role in the community is participation in Community groups seeking to achieve similar purposes:

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Achievements and performance

In 2023 we achieved our primary goal of running OCIA on a firm financial footing whilst ensuring the Board supported staff to maintain the programs that have served participants well across Inner East Belfast and Antrim. Having completed the execution of the Strategic plan out-laid in agreement with the Board of Oasis and BDO we then faced into a cost of living crisis , which has affected both staff and clients throughout 2023. The cost of living crisis aligned to the paralysis within NI Govt has meant 2023 has been more difficult than even the Covid 19 years. We, nonetheless, have continued to fulfil our objectives.

Many demanding situations were unearthed by the staff. They identified solutions, established plans of action with clients and executed these to perfection to the joy and appreciation of all. The dedicated staff were indeed a real life saver on occasions.

Oasis Caring in Action Belfast: What we do!

Imago Project delivered professional medium term 1-1 Befriending for those suffering from anxiety and depression or any mental health situations. We deliver the service to in excess of 84 individuals for up to 6 months on a one to one basis.

During 2023 we have seen improvement in people's lives. We exceeded our agreed targets and saw many outstanding results due to the effort deployed by the staff. Many individuals were given sufficient support and confidence to allow them to fully function in the community. They experienced increased self-esteem and self-confidence and the well-being of the community at large increased as a result

Imago Self Help Groups (Mental Health Programme) continued with the help of existing clients and volunteers,: Programmes carried out included Art, History, Knit and Knatter, Fishing and Music, Through 2023 we had the privilege of delivering a substantive program that allowed many individuals to get their lives back on track. We met every client either in person or remotely via phone or facetime, always going the extra mile to ensure we helped touch the lives of the most vulnerable positively. Imag o Men's Self Help Groups: In 2023 the men's self-help groups have continued to enjoy a Belfast centric breakfast group. Led by one of the Imago befrienders, the group has grown from strength to strength throughout 2023.

Imago Overview

In 2023 Imago received 186 referrals. The target had been set at 160. Contact had been made during the year with 1841 individuals. The imago team see huge changes in clients with regard to their mood and well-being. The work is established on trusting relationships, allowing clients to confide in and relax with staff. The Imago team require 30 more hours of work and need a resource with which to secure those supplementary hours of work.

Early Years continued to deliver excellent and affordable childcare sought by parents and by statutory agencies. We accommodated up to 85 children every week. Oasis continued to make a difference in the lives of many families and children. This area continued to get particular focus throughout 2023 as we invested to ensure we made it fit for purpose to ensure that children are looked after in a positive and uplifting setting, with updated equipment and well-trained staff. We continued to provide a car for school pickups.

Family Support We have a family support program linked into the local Family Support Hubs which carries out visits to those needing assistance within the environ of their home, to help parents / carers with bringing up and educating their children. The two key workers also act as a sign-posters to help the parents /carers seek out help with education , finance, housing or whatever the needs of the family happen to be.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Princes Trustee Team We ran three team programs through 2023 catering for 27 16 -24 year olds. assisting them on a journey of discovery often from very dark and difficult places and isolation. A few weeks into their programme, the young people show evidence of thriving. They make presentations to their group, raise money for other charitable works in their community, have a new cohort of friends , have a safe place to come and talk through challenging truths and have a much better outlook. This is all achieved over a 12 week period. All young people are sign-posted towards the next stage to continue their improvements when the programme ends.

Good Morning Oasis provides a befriending service for elderly, vulnerable and isolated people in South and East Belfast. Over the past year we have offered support and friendship on a daily basis to 260 people by offering a Good Morning telephone call. As well as forming strong relationships and gaining the trust of our service users, we have offered support and advice, and have sign-posted our users to many different services available to the community. Many different people from South and East Belfast are on the service and for many different reasons. We can confidently say that in the past year, we have built upon existing relationships and have welcomed many new people on to the service and have introduced them to the benefits of the Oasis Good Morning Telephone Service. We are building relationships with external organisations such as the Red Cross. In the future, we hope to maintain the high standards for our service and to be able able to expand by bringing on as many new clients as as possible.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Achievements and performance (continued)

Oasis Caring in Action, Antrim - What we do!

The Oasis Antrim Community Hub flourished, addressing a range of community needs in Antrim, not least the poor mental health and wellbeing needs within the local community which had been exacerbated by the cost of living crisis. The Centre now has 98 adults every week. Participants attend various programmes designed to improve their mental health and wellbeing to enable them to develop networks which will support them as they integrate back into the community. The Oasis Antrim Community Partnership Advisory Group continued to ensure that the Centre is inclusive and works collaboratively to identify and respond to the needs of local people. The group comprises representatives from the community and voluntary sectors, civic society, elected representatives, the local council, Oasis Caring in Action, and funders.

 Adult Befriending: 29 women were connected through this programme by the Adult Befriender in 2023. 'Support Bubbles' continued to provide valuable structures for people to help one another. This comprises women coming together for a chat over a coffee and undertaking fun activities such as nail painting, drawing groups and swimming.

 Family Support: The Family Liaison Lead worked with 47 families in 2023. This work included the design and implementation of action plans tailored to the needs of each family. These families are supported in a variety of ways to increase their confidence, to equip them to deal with problems that arise and to create a more resilient family unit overall. The Smile Baby Programme is a 4-week programme designed for babies born during the year. In 2023 a total of 24 babies were engaged over two programmes. The Nurture Hub weekly sessions facilitated 10 mothers and their babies in 2023 to relax and do gentle exercises and stretching for general wellbeing. The weekly Walk & Talk Group encouraged mums and children to come together, chat, make friends while enjoying light exercise. The Summer Programme brought 22 parents / carers and their children together on a weekly basis (one morning per week during the 2023 summer months)

 Core Women's Group (CWG): In addition to volunteering with other groups within the Centre the CWG continues to meet weekly. CWG in partnership with Christian Fellowship Church (CfC) supported the School Uniform Scheme in Antrim in 2023. This was a very timely initiative given the financial strain on families brought about by the cost-of-living crisis.

 Friendship Hub: This Friendship Hub is a monthly initiative that links into the Chatty Café Initiative from the Antrim & Newtownabbey Loneliness Network. This was initially a drop in facility; however, the scale of the attendance (18 women) and duration (2.5 hrs) has necessitated its transition from a drop-in facility to a more formal group with speakers on issues and experts addressing the group on relevant topics.

 Self Care for a Positive Mindset Group is a six-week course that was run seven 8 times in 2023 to a total of 84 women. Many of the attendees indicated that this group gave them a reason to get up in the morning.

 Crafty Ladies: These 14 women meet weekly and work to a detailed timetable meticulously planned in advance.

 Multicultural Group: This group has been highly successful is bringing together women from Antrim and Syrians within the Antrim community. The women come together to learn about one another's' cultures and enjoy crafting together. 26 Women attended two summer multi-cultural outings in the summer of 2023.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Achievements and performance (continued)

masks and sell them with the proceeds going to the Oasis Antrim Foodbank. It expanded in membership and range to include knitting baby clothes for women-in-need and making jewellery, tote bags and pictures. The proceeds are used to support other charities in the area.

ACSH bring together women in the community with the local Boots Pharmacist to address, and reduce health inequalities. The goal is for participants is to optimise the health and well-being supports available from the local pharmacy. This includes informal advice and guidance on, dealing with anxiety, relaxation, and sleep, exercising your brain, herbal remedies and managing pain.

The Men's Group ACSH under the leadership of an Oasis board member commenced a Men's Group in 2022. Twelve men of varying ages participated in this group which meets weekly for chat, craic, and trips to locations they have expressed an interest in.

Antrim Foodbank

Antrim foodbank is part of the Trussell Trust's 400-strong network of food banks, which provides three days' nutritionally balanced emergency food and support to people who are in crisis. From a substantive base in 2021 there was a marked increased need and the crisis continued in 2023 with an estimated rise of 60% in the numbers of the Antrim community now availing of their local Foodbank. To strengthen the underpinning infrastructure, the Foodbank Volunteer Support Group continues to meet on a a quarterly basis. It supports in excess of 40 foodbank volunteers and provides training and development on the effective running of the foodbank, new working procedures and health and safety.

Central Administration - Oasis caring in Action

We continued to sustain the number of staff that would enable us to support the Project and to provide the personnel needed to sustain our range of programmes. The reduction in funding for the Voluntary and Community sector continued to present a major challenge for us. The loss of European Social Funding (following Brexit) significantly raised the number of Projects requesting funding from a smaller field of sources. A significant amount of time was spent preparing funding applications in 2023 and in in maintaining flows of reports to funders who did support us. We (The Board and I) are very grateful to the staff, funders , donors and volunteers at Oasis across all sites who have made the continuance of our valuable programmes possible in 2023 and for their hard work in making Oasis the dynamic organisation it is today. We will work throughout the coming year to manage our finances in a prudent manner to match the hard work and endeavour that is delivered day in day out.

Our Volunteers

OCIA across all sites is very involved in the community and relies heavily on voluntary help. Alongside some 20 volunteers who help with oversight and governance we have over 40 volunteers who help directly in the running of the projects. Our volunteer policy allows us to manage this body of valued workers effectively.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

Financial review

We incurred a net loss £2035 for the year to December 2023. By 31st December 2023 we have implemented changes to our policies and procedures across the charity. We have updated our financial processes and procedures document for the seventh time in 2023 . OCIA is debt free and we work at clearing all creditors within 30-45 days It has been a necessarily slow process due to us working hard to limit damage around the human aspect and the public benefit aspect but OCIA has now been fully restructured and we have a clearly re-focused team who will ensure they support the excellent staff who run the projects now and who did so through 2015 to 2023 whilst this restructure change in circumstances was evolving. We believe we can look forward to the future with renewed confidence. We are looking at Board Development and Succession Planning including leadership training in 2024.

Plans for future periods

It is our intention to run our multi-faceted charity on a prudent and balanced basis. We are committed to providing the following programmes in 2024:

Early Years Family Support Funder: Funder: BHSCT Early Years Sponsored Daycare Funder: Funder: BHSCT Early Years 0-4 Childcare Funder: Funder: Pathway Imago Befriending : Funder: Public Health Agency Princes Trust Youth Programme: Funder: Princes Trust Good Morning Oasis: Funder: NI Housing Executive Department for Communities Oasis General and Premises Funder: Belfast City Council

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' 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 charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

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Oasis - Caring in Action

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2023

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

The trustees' annual report and the strategic report were approved on 4 September 2024 and signed on behalf of the board of trustees by:

Mr James McKay Trustee

Mr Donald Eastop Trustee

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Oasis - Caring in Action

Company Limited by Guarantee

Independent Auditor's Report to the Members of Oasis - Caring in Action

Year ended 31 December 2023

Opinion

We have audited the financial statements of Oasis - Caring in Action (the 'charity') for the year ended 31 December 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Oasis - Caring in Action

Company Limited by Guarantee

Independent Auditor's Report to the Members of Oasis - Caring in Action

(continued)

Year ended 31 December 2023

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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Oasis - Caring in Action

Company Limited by Guarantee

Independent Auditor's Report to the Members of Oasis - Caring in Action (continued)

Year ended 31 December 2023

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Oasis - Caring in Action

Company Limited by Guarantee

Independent Auditor's Report to the Members of Oasis - Caring in Action (continued)

Year ended 31 December 2023

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 the nature of the industry and sector, control environment and business performance including the design of the remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

 results of our enquiries of management about their own identification and assessment of the risks of irregularities;

 the matters discussed among the audit engagement team including significant component audit teams and relevant internal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance with the UK Companies Act and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their ability to operate or to avoid a material penalty.

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Oasis - Caring in Action

Company Limited by Guarantee

Independent Auditor's Report to the Members of Oasis - Caring in Action (continued)

Year ended 31 December 2023

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

17

Oasis - Caring in Action

Company Limited by Guarantee

Independent Auditor's Report to the Members of Oasis - Caring in Action (continued)

Year ended 31 December 2023

As explained more fully in the Trustees' Responsibilities Statement (set out on page 10 ), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK). Those standards require us to comply with the Financial Reporting Council's (FRC's) Ethical Standard for Auditors', in the circumstances set out in note 24 to the financial statements.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Conor Dolan (Senior Statutory Auditor)

For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN

4 September 2024

18

Oasis - Caring in Action

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2023

2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 40,836 7,049 47,885 96,083
Charitable activities 6 305,412 690,979 996,391 928,735
Other trading activities 7 2,449 – 2,449 111
Investment income 8 6,769 – 6,769 2,672
───────── ───────── ──────────── ────────────
Total income 355,466 698,028 1,053,494 1,027,601
═════════ ═════════ ════════════ ════════════
Expenditure
Expenditure on charitable activities 9,10 (66,666) (993,988) (1,060,654) (1,028,482)
───────── ───────── ──────────── ────────────
Total expenditure (66,666) (993,988) (1,060,654) (1,028,482)
═════════ ═════════ ════════════ ════════════
───────── ───────── ──────────── ────────────
Net expenditure 288,800 (295,960) (7,160) (881)
═════════ ═════════ ════════════ ════════════
Transfers between funds (355,464) 355,464 – –
───────── ───────── ──────────── ────────────
Net movement in funds (66,664) 59,504 (7,160) (881)
Reconciliation of funds
Total funds brought forward 511,567 136,975 648,542 649,423
───────── ───────── ──────────── ────────────
Total funds carried forward 444,903 196,479 641,382 648,542
═════════ ═════════ ════════════ ════════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 22 to 34 form part of these financial statements.

19

Oasis - Caring in Action

Company Limited by Guarantee

Statement of Financial Position

31 December 2023

2023 2022
Note £ £
Fixed assets
Tangible fixed assets 16 22,317 19,228
Current assets
Debtors 17 39,280 56,421
Cash at bank and in hand 676,369 659,719
───────── ─────────
715,649 716,140
Creditors: amounts falling due within one year 18 (96,584) (86,826)
───────── ─────────
Net current assets 619,065 629,314
───────── ─────────
Total assets less current liabilities 641,382 648,542
───────── ─────────
Net assets 641,382 648,542
═════════ ═════════
Funds of the charity
Restricted funds 196,479 136,975
Unrestricted funds 444,903 511,567
───────── ─────────
Total charity funds 21 641,382
═════════		 648,542
═════════

These financial statements were approved by the board of trustees and authorised for issue on 4 September 2024, and are signed on behalf of the board by:

Mr Donald Eastop Trustee

The notes on pages 22 to 34 form part of these financial statements.

20

Oasis - Caring in Action

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 December 2023

2023 2022
£ £
Cash flows from operating activities
Net expenditure (7,160) (881)
Adjustments for:
Depreciation of tangible fixed assets 7,397 6,408
Other interest receivable and similar income (6,769) (2,672)
Interest payable and similar charges 1,543 1,550
Accrued expenses/(income) 81 (20,149)
Changes in:
Trade and other debtors 17,270 (1,300)
Trade and other creditors 9,548 (23,885)
──────── ────────
Cash generated from operations 21,910 (40,929)
Interest paid (1,543) (1,550)
Interest received 6,769 2,672
──────── ────────
Net cash from/(used in) operating activities 27,136 (39,807)
════════ ════════
Cash flows from investing activities
Purchase of tangible assets (10,486) –
──────── ────────
Net cash used in investing activities (10,486) –
════════ ════════
Net increase/(decrease) in cash and cash equivalents 16,650 (39,807)
Cash and cash equivalents at beginning of year 659,719 699,526
───────── ─────────
Cash and cash equivalents at end of year 676,369 659,719
═════════ ═════════

The notes on pages 22 to 34 form part of these financial statements.

21

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 81-83 Castlereagh Street, Belfast, County Antrim, BT5 4NF.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

22

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

23

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Equipment - 25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

24

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

Oasis Caring in Action is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity

25

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

5. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
Gifts/Donations Income - restricted – 7,049 7,049
Gifts/Donations income - unrestricted 40,836 – 40,836
──────── ─────── ────────
40,836 7,049 47,885
════════ ═══════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations
Gifts/Donations Income - restricted – 12,351 12,351
Gifts/Donations income - unrestricted 83,732 – 83,732
──────── ──────── ────────
83,732 12,351 96,083
════════ ════════ ════════
6. Charitable activities
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Antrim and Newtownabbey Borough Council – 37,979 37,979
APEX Housing 2,300 – 2,300
Belfast City Council – 17,625 17,625
Belfast Health & Social Care Trust – 77,058 77,058
Big Lottery Fund – 29,882 29,882
CLEAR Project – 1,712 1,712
Tesco – 625 625
Community Development and Health Network – 20,000 20,000
Community Foundation – 69,499 69,499
East Belfast Community Development Agency – 7,000 7,000
Department of Communities – 87,434 87,434
Department for Justice – – –
Henry Smith – 59,200 59,200
HSC Public Health Agency – 127,228 127,228
Garfield Weston – 10,000 10,000
Northern Ireland Housing Executive – 8,250 8,250
Pathway Fund – 30,000 30,000
Princes Trust – 56,182 56,182
Trussell Trust – 48,627 48,627
Early Years - CRSF – – –
HMRC – – –
Lifestart Foundation – – –
Belfast City Council - Heart Project – – –
Fees and Earned Income 303,112 2,678 305,790
───────── ───────── ─────────
305,412 690,979 996,391
═════════ ═════════ ═════════

26

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

6. Charitable activities (continued)

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Antrim and Newtownabbey Borough Council – 36,474 36,474
APEX Housing – – –
Belfast City Council – 13,640 13,640
Belfast Health & Social Care Trust – 64,848 64,848
Big Lottery Fund – 19,883 19,883
CLEAR Project – 5,118 5,118
Tesco – 875 875
Community Development and Health Network – 8,000 8,000
Community Foundation – 139,953 139,953
East Belfast Community Development Agency – – –
Department of Communities – 71,767 71,767
Department for Justice – 2,950 2,950
Henry Smith – 59,195 59,195
HSC Public Health Agency – 118,204 118,204
Garfield Weston – – –
Northern Ireland Housing Executive – 7,500 7,500
Pathway Fund – 30,000 30,000
Princes Trust – 54,600 54,600
Trussell Trust – 28,670 28,670
Early Years - CRSF 10,707 – 10,707
HMRC 2,387 – 2,387
Lifestart Foundation 380 – 380
Belfast City Council - Heart Project 204 – 204
Fees and Earned Income 253,380 – 253,380
───────── ───────── ─────────
267,058 661,677 928,735
═════════ ═════════ ═════════
7. Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Other income 2,449 2,449 111 111
═══════ ═══════ ════ ════
8. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Bank interest receivable 6,769 6,769 2,672 2,672
═══════ ═══════ ═══════ ═══════

27

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

9. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Charitable activities 58,056 923,944 982,000
Support costs 8,610 70,044 78,654
──────── ───────── ────────────
66,666 993,988 1,060,654
════════ ═════════ ════════════
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Charitable activities 117,464 831,415 948,879
Support costs – 79,603 79,603
───────── ───────── ────────────
117,464 911,018 1,028,482
═════════ ═════════ ════════════

10. Expenditure on charitable activities by activity type

Activities
undertaken Total funds Total fund
directly Support costs 2023 2022
£ £ £ £
Charitable activities 982,000
70,044		 1,052,044 1,016,100
Governance costs –
8,610		 8,610 12,382
─────────
────────		 ──────────── ────────────
982,000
78,654		 1,060,654 1,028,482
═════════
════════		 ════════════ ════════════
11. Analysis of support costs
Analysis of
support costs Total 2023 Total 2022
£ £ £
Staff costs 65,552 65,552 59,521
Premises 2,539 2,539 3,400
Communications and IT 1,095 1,095 –
General office 858 858 2,750
Finance costs – – 1,550
Governance costs 8,610 8,610 12,382
──────── ──────── ────────
78,654 78,654 79,603
════════ ════════ ════════
12. Net expenditure
Net expenditure is stated after charging/(crediting):
2023 2022
£ £
Depreciation of tangible fixed assets 7,397 6,408
═══════ ═══════

28

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

13. Auditors remuneration

Fees payable for the audit of the financial statements

2023 2022
£ £
8,610 8,400
═══════ ═══════

14. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2023 2022
£ £
Wages and salaries 708,147 715,289
Social security costs 41,724 42,356
Employer contributions to pension plans 11,224 11,282
Redundancies 10,028 –
───────── ─────────
771,123 768,927
═════════ ═════════

The average head count of employees during the year was 44 (2022: 57).

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

Key Management Personnel

The key management personnel of the Charity were the CEO, together with the Managers of Finance, Early Years, Imago, Antrim, Princes Trust and Recall. The total employee benefits of the key management personnel were £258,626(2022: £233,694)

15. Trustee remuneration and expenses

The Charity Trustees were not paid or received any benefits from employment with the Charity in the year, neither were they reimbursed expenses during the year. No Trustee received payment for professional or other services supplied to the Charity.

29

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

16. Tangible fixed assets

Fixtures and Motor
fittings vehicles Equipment Total
£ £ £ £
Cost
At 1 January 2023 26,201 20,000 15,426 61,627
Additions 139 – 10,347 10,486
──────── ──────── ──────── ────────
At 31 December 2023 26,340 20,000 25,773 72,113
════════ ════════ ════════ ════════
Depreciation
At 1 January 2023 20,160 12,502 9,737 42,399
Charge for the year 1,494 1,874 4,029 7,397
──────── ──────── ──────── ────────
At 31 December 2023 21,654 14,376 13,766 49,796
════════ ════════ ════════ ════════
Carrying amount
At 31 December 2023 4,686 5,624 12,007 22,317
════════ ════════ ════════ ════════
At 31 December 2022 6,041 7,498 5,689 19,228
════════ ════════ ════════ ════════
17. Debtors
2023 2022
£ £
Trade debtors 7,709 23,440
Prepayments and accrued income 21,478 29,314
Other debtors 10,093 3,667
──────── ────────
39,280 56,421
════════ ════════
18. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 7,350 –
Accruals and deferred income 55,571 66,194
Social security and other taxes 25,977 11,481
Other creditors 7,686 9,151
──────── ────────
96,584 86,826
════════ ════════
19. Deferred income
2023 2022
£ £
At 1 January 2023 57,794 83,123
Amount released to income (57,794) (83,123)
Amount deferred in year 46,961 57,794
──────── ────────
At 31 December 2023 46,961 57,794
════════ ════════

30

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

20. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £11,224 (2022: £11,282).

21. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At
At 1 January 31 December
2023 Income Expenditure Transfers 2023
£ £ £ £ £
General funds 511,567 355,466 (66,666) (355,464) 444,903
═════════ ═════════ ════════ ═════════ ═════════
At
At 1 January 31 December
2022 Income Expenditure Transfers 2022
£ £ £ £ £
General funds 581,662 353,573 (117,464) (306,204) 511,567
═════════ ═════════ ═════════ ═════════ ═════════
Restricted funds
At
At 1 January 31 December
2023 Income Expenditure Transfers 2023
£ £ £ £ £
Early Years 6,329 111,008 (381,228) 263,891 –
Imago 2,164 128,140 (128,404) – 1,900
Recall - Good Morning
Belfast 5,002 41,203 (47,463) 5,065 3,807
Foodbank 33,546 59,765 (61,153) 37,786 69,944
Princes Trust – 56,182 (64,695) 12,512 3,999
CEO – 46,381 (47,672) 1,291 –
Antrim - Other – 28,667 (61,986) 33,319 –
General restricted funds 27,637 29,847 (10,407) 1,600 48,677
Antrim - Community
Foundation 37,844 47,697 (80,855) – 4,686
Antrim - Henry Smith 4,570 57,120 (42,959) – 18,731
Big Lottery Dormant
Funding 19,883 19,883 (24,612) – 15,154

31

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

21. Analysis of charitable funds (continued)

ANBCC - Good
Relations Funding – 8,333 (4,981) –
3,352
ANBCC- Hardship Fund – 25,000 (10,000) –
15,000
BCC- Hardship Fund – 7,000 (7,000) –
–
Antrim-BOI Cost of
Living Grant – 21,802 (20,573) –
1,229
Antrim- Garfield Weston – 10,000 – –
10,000
───────── ───────── ───────── ─────────
─────────
136,975 698,028 (993,988) 355,464
196,479
═════════ ═════════ ═════════ ═════════
═════════
At
At 1 January 31 December
2022 Income Expenditure Transfers
2022
£ £ £ £ £
Early Years 14,153 100,447 (360,107) 251,836
6,329
Imago – 123,962 (122,002) 204
2,164
Recall - Good Morning
Belfast 7,027 44,283 (47,583) 1,275
5,002
Foodbank 30,659 41,456 (79,246) 40,677
33,546
Princes Trust 5,006 54,792 (64,492) 4,694
–
CEO – 44,134 (44,447) 313
–
Antrim - Other – 26,447 (33,575) 7,128
–
General restricted funds 10,916 17,809 (1,088) –
27,637
Antrim - Community
Foundation – 139,953 (102,109) –
37,844
Antrim - Henry Smith – 59,195 (54,625) –
4,570
Big Lottery Dormant
Funding – 19,883 – –
19,883
ANBCC - Good
Relations Funding – 1,667 (1,744) 77
–
ANBCC- Hardship Fund – – – –
–
BCC- Hardship Fund – – – –
–
Antrim-BOI Cost of
Living Grant – – – –
–
Antrim- Garfield Weston – – – –
–
──────── ───────── ───────── ─────────
─────────
67,761 674,028 (911,018) 306,204
136,975
════════ ═════════ ═════════ ═════════
═════════

32

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

21. Analysis of charitable funds (continued)

Transfers have taken place in the year due to funding received in the year by fees deemed to be unrestricted. Transfers have taken place to restricted funds to set against the projects.

Afterschool's

A restricted grant to fund an afterschool's group.

Daycare

Restricted grants to fund daycare programme activities.

Family Support

Funding to provide support for vulnerable families needing assistance in their own homes.

Pathways

Restricted grant for providing support to families with children 0-4years.

Imago

A restricted grant to fund a befriending project for people with mental health issues.

Department for Communities - CEO

This was funding granted by the department to cover the salary of the CEO of Oasis - Caring in Action.

Department for Communities -IT

Grant to purchase new IT equipment for the organisation.

Antrim - Youth

Funding to provide an education programme and support for young people disengaged from education and at risk.

Antrim - Foodbank

Restricted grants to fund a foodbank in the Antrim area for individuals and families struggling to make ends meet.

Antrim - Hub

Funding to provide a community support hub providing a safe place for individuals to meet.

Recall

A restricted grant to run a telephone befriending service available to elderly and vulnerable residents in the Belfast area.

33

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

22. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Tangible fixed assets 22,317 – 22,317
Current assets 472,209 243,440 715,649
Creditors less than 1 year (49,623) (46,961)
(96,584)
───────── ───────── ─────────
Net assets 444,903 196,479 641,382
═════════ ═════════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Tangible fixed assets 1,860 17,368 19,228
Current assets 538,739 177,401 716,140
Creditors less than 1 year (29,032) (57,794)
(86,826)
───────── ───────── ─────────
Net assets 511,567 136,975 648,542
═════════ ═════════ ═════════

23. Corporation tax

The Company is a registered charity, and as such is entitled to tax exemptions on income and profits in furtherance of the charity's primary objectives.

24. Ethical standards

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

25. Contingencies

A contingent liability exists to repay grants and Trust monies received should certain conditions not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offers have been, or will be, complied with and no liability is expected.

26. Analysis of changes in net debt

At
At 1 Jan 2023 Cash flows 31 Dec 2023
£ £ £
Cash at bank and in hand 659,719 16,650 676,369
═════════ ════════
═════════

34

Oasis - Caring in Action

Company Limited by Guarantee

Management Information

Year ended 31 December 2023

The following pages do not form part of the financial statements.

35

Oasis - Caring in Action

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 December 2023

2023 2022
£ £
Income and endowments
Donations and legacies
Gifts/Donations Income - restricted 7,049 12,351
Gifts/Donations income - unrestricted 40,836 83,732
──────── ────────
47,885 96,083
──────── ────────
Charitable activities
Antrim and Newtownabbey Borough Council 37,979 36,474
APEX Housing 2,300 –
Belfast City Council 17,625 13,640
Belfast Health & Social Care Trust 77,058 64,848
Big Lottery Fund 29,882 19,883
CLEAR Project 1,712 5,118
Tesco 625 875
Community Development and Health Network 20,000 8,000
Community Foundation 69,499 139,953
East Belfast Community Development Agency 7,000 –
Department of Communities 87,434 71,767
Department for Justice – 2,950
Henry Smith 59,200 59,195
HSC Public Health Agency 127,228 118,204
Garfield Weston 10,000 –
Northern Ireland Housing Executive 8,250 7,500
Pathway Fund 30,000 30,000
Princes Trust 56,182 54,600
Trussell Trust 48,627 28,670
Early Years - CRSF – 10,707
HMRC – 2,387
Lifestart Foundation – 380
Belfast City Council - Heart Project – 204
Fees and Earned Income 305,790 253,380
───────── ─────────
996,391 928,735
───────── ─────────
Other trading activities
Other income 2,449 111
─────── ────
Investment income
Bank interest receivable 6,769 2,672
─────── ───────
──────────── ────────────
Total income 1,053,494 1,027,601
════════════ ════════════

36

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 December 2023

2023 2022
£ £
Expenditure on charitable activities
Charitable activities
Activities undertaken directly
Wages and salaries 642,595 655,768
Employer's NIC 41,724 42,356
Pension costs 11,224 11,282
Redundancy costs 10,028 –
Rent 16,107 31,091
Rates & water 478 392
Light & heat 15,224 17,478
Repairs & maintenance 22,623 34,716
Insurance 11,931 6,553
Vehicle expenses 1,853 1,123
Equipment hire 181 –
Motor/travel costs 4,553 6,090
Legal and professional fees 24,689 1,551
Telephone 7,718 9,992
Printing, postage and stationary 6,801 4,617
Depreciation 7,397 6,408
Bank charges 1,543 –
Beneficiary costs 82,430 63,292
Advertising 2,856 1,438
Staff training and expenses 4,886 4,388
Subscriptions and membership renewal 2,977 2,941
Tutor costs 3,800 3,700
Volunteer expenses 926 3,712
Certification 486 1,420
Resources 15,285 11,018
Gifts/Donations 4,321 5,584
Hospitality 16,634 12,799
Capital expenditure 296 –
Early Years Lunches 12,879 8,323
Bad debt 3,546 –
General running costs 4,009 847

Carried forward

───────── ───────── 982,000 948,879

38

Oasis - Caring in Action

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 December 2023

2023 2022
£ £
Brought forward 982,000 948,879
───────── ─────────
982,000 948,879
───────── ─────────
Support costs
Wages and salaries 65,552 59,521
Rent 848 1,531
Light & heat 1,691 1,869
Telephone 858 1,110
Bank charges – 1,550
Admin Support Costs – 559
Subscriptions and donations 1,095 1,081
──────── ────────
70,044 67,221
──────── ────────
Governance costs
Governance costs - accountancy fees – 3,982
Governance costs - audit fees 8,610 8,400
─────── ────────
8,610 12,382
─────── ────────
──────────── ────────────
Expenditure on charitable activities 1,060,654 1,028,482
════════════ ════════════
──────────── ────────────
Net expenditure (7,160) (881)
════════════ ════════════

39