**Charity registration number NIC101348 (Northern Ireland) Company registration number NI031842** 

## **OASIS YOUTH CENTRE LIMITED** 

**(A COMPANY LIMITED BY GUARANTEE)** 

**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 



## **OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION** 

## **Trustees** 

Mr J J Proctor Mr J Hart Mrs F R Balmer Mr R V Chapman Mr J W S Preston 

**Secretary** Mr J J Proctor **Charity number (Northern Ireland)** NIC101348 **Company number** NI031842 **Principal address** 15 Dorchester Park Portadown Craigavon Co Armagh BT62 3EA **Registered office** 15 Dorchester Park Portadown Craigavon Co Armagh BT62 3EA 

**Independent examiner** 

GMcG PORTADOWN 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB 



## **OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3 - 4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 11|





## **OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025** 

The trustees present their annual report and financial statements for the year ended 31 March 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: 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)” (as amended for accounting periods commencing from 1 January 2019). 

## **Objectives and activities** 

The principal activity of the charitable company is supporting other local charities and local financial organisations connected to a charity. 

The objectives for which the charitable company is established, and thereby providing public benefits, are to: 

- Disseminate financial aid to individuals, charitable organisations and youth groups, to enable them to improve the conditions of life for those living throughout the world. 

They aim to provide: 

- Advancement in education; 

- Advancement in religion; 

- Relief for those in need by reason of youth, age, ill health, disability, financial hardship or any other disadvantage. 

The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charitable company should undertake. 

## **Achievements and performance** 

The charitable company did not undertake charitable activities on its own account during the year. Instead, the charitable company made three donations totalling £2,500 (2024 - £4,500).  Further details of these donations can be found at note 4 to the accounts. 

## **Financial review** 

The surplus of funds for the year amounted to £111 (2024 - £1,717 surplus).  Reserves at the year end consisted of £198,182 (2024 - £198,071) in unrestricted funds. 

## **Plans for the future periods** 

The charitable company will continue to award grants to charitable organisations which they consider meet the objectives of the charitable company until such times that the reserves are depleted.  Subsequently the charitable company will be wound up. 

## **Reserves policy** 

As disclosed above, it is the intention of the trustees to award grants until such times as the reserves are fully depleted. 

- 1 - 



OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure. governance and management
The charitable company is a company limited by guarantee and does not have share capital. It is govemed by its
Memorandum and Articles of Association dated 10 January 1997.
The charitable company is registered the Charity Commission for Nothem Ireland. The charitat￿e company
is also ￿cogniSed as a charity wth HM Revenue & Customs, under registration number XN45774.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were..
Mr J J Proctor
MrJHart
Mrs F R Balmer
Mr R V Chapman
Mr J W S Preston
The trustees of the charitable company a￿ also directors for the purposes for charity law. Under the requirement
of the Memorandum and Articles ofAsso¢iation, trustees are appointed and retire by rotation every Ihree years at
the annual general meeting. The number of trustees is not subject to a maximum but is not less than ￿0.
None of the trustees have any beneficial interest in the charitable company. All of the trustees are members of
the company and guarantee to contribute £1 in the event of winding up.
The day to day running of the charitable company has been designated to Mr J J Proctor, trustee.
In preparing this report, the trustees have taken advantage of the small companies exemptions provided by
section 415A of the Companies Act 2006.
Registered Office..
15 Dorchester Park
Portadown
Craigavon
Co Armagh
BT62 3EA
Charity Registration No. NIC101348
Company Registration No. N1031842
The trustees, report was approved by the Board of Trustees.
Mr J J Proctor
Trustee
Dated..

CHAkTEKED ACCOUNTANTS
OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OASIS YOUTH CENTRE LIMITED
I report on the financial ststements of the charitable company for the year ended 31 March 2025, which are set
outon pages 5t0 11.
Responsibilities of trustees and examiner
As the twstees of the charitable company (and also its trustees for the purposes of chartty law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 (the 2006 Act).
It is my responsibility to..
examine the financial statements under section 65 of the Charities Act-
follow the procedures laid down in the general Directions given by the Charity Commission for
Northern Ireland under section 65(9)(b) of the Act- and
state whether particular matters have come to my attention.
Basis of independent examiners. report
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charitable company as required by section 386 of the
Companies Act 2006.
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of the Companies
Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a
matter considered as part of an independent examination. or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their financial statements in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland {FRS 102).
17 ma￿de￿ille Strert
PORTADOWN
Alfred House
19 Alfred Street
BELF.Lgr BT2 8EQ
DX3910 NR Belfast SO
Century House
40 Crescent BuSin￿S Park
IJSBUILN
BT28 2GN
Craigavon
BT62 3PB
Tel: +44 (0)28 3833 2801
FaY:+44 (0)28 3835 0293
Td= +44 (0)28 9031 1113
Fax: +44 (0}28 9031 OTn
Tel: +44 (0)28 9260 7355
Fax:+M lo}28 9260 1656
GM¢GiSatyadingn￿￿0fGmC￿Gr0UPljY￿il¢&RryN￿..￿t059￿￿Xt￿f thTetloT5ava￿ab1eat￿i%teTedof￿-e

OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF OASIS YOUTH CENTRE LIMITED
Independent examinevs statement
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements to
be reached.
Gillian Johnston ACA
GMCG PORTADOWN
17 Mandeville Street
Portadown
Craigavon
CoArmagh
BT62 3PB
Dated. I.G...1￿￿&l Qcgs

## **OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Investments|**2**|3,206|6,809|
|**Total income**||3,206|6,809|
|**Expenditure on:**||||
|Charitable activities|**3**|3,095|5,092|
|**Total expenditure**||3,095|5,092|
|**Net income and movement in funds**||111|1,717|
|**Reconciliation of funds:**||||
|Fund balances at 1 April 2024||198,071|196,354|
|**Fund balances at 31 March 2025**||198,182|198,071|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

- 5 - 



OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notss
Current assets
Debtors
Investments
Cash at bank and in hand
2,304
184,908
11,454
71,062
127,326
198,774
198,666
Credltors: amounts falling due within
one year
10
(592)
(595)
Net current assets
198,182
198,071
The funds of the charitable Company
Unrestricted funds
198,182
198,071
198,182
198,071
The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006, for the year ended 31 March 2025.
The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records
which comply with sedion 386 of the Act and for preparing financial ststements which give a true and fair view of
the state of affairs of the charitable company as at the end of the financial year and of its incoming resources and
application of resources, including its income and expenditure, for the financial year in accordance with the
requirements of sections 394 and 395 and which othewse comply with the requirements of the Companies Act
2006 relating to financial statements. so far as applicable to the charitsble company.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance vrith section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on ......... ...... ......
r J J Proctor
Trustee
Company re9iStration number N1031842 {Northem Ireland)

**OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

## **1 Accounting policies** 

## **Charity information** 

Oasis Youth Centre Limited is a private company limited by guarantee incorporated in Northern Ireland.  The registered office is 15 Dorchester Park, Portadown, Craigavon, Co Armagh, BT62 3EA. 

## **1.1 Accounting convention** 

The financial statements have been prepared in accordance with the charitable company's governing document,  the Companies Act 2006 and “Accounting and Reporting by Charities: 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)” (as amended for accounting periods commencing from 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102. 

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. 

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus, although it is the intention of the trustees to eventually wind up the charitable company, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company. 

## **1.4 Incoming resources** 

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

- 7 - 



**OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **1 Accounting policies (Continued)** 

## **1.5 Resources expended** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. 

## (i) Charitable activities 

This comprises all the resources applied by the charity in undertaking its work to meet its charitable objectives. 

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the Statement of Financial Activities once the recipient of the grant has provided the specified service or output. 

Where the charitable company gives a grant without performance conditions, these are recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. 

Direct costs relate to expenditure directly related to providing care and support in the community. 

## (ii) Governance costs 

Governance costs include the costs of governance arrangements which relate to the general running of the charity. 

Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources. 

## **1.6 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of six months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## **1.7 Financial instruments** 

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 

- 8 - 



**OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** 

## **1 Accounting policies (Continued)** 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled. 

## **2 Income from investments** 

||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Interest receivable|3,206|6,809|



All amounts in the current and prior year are unrestricted in nature. 

## **3 Expenditure on charitable activities** 

||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Direct costs**|||
|General expenses|34|13|
|Grant funding of activities (see note 4)|2,500|4,500|
|**Share of support and governance costs (see note 5)**|||
|Governance|561|579|
||3,095|5,092|
|**Analysis by fund**|||
|Unrestricted funds|3,095|5,092|



All amounts in the current and prior year are unrestricted in nature. 

- 9 - 



## **OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

|**4**|**Grants payable**|||
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Grants to institutions:|||
||The Salvation Army|1,000|1,000|
||Southern Area Hospice|1,000|1,000|
||St Vincent de Paul|500|500|
||Newry Baptist Church|-|1,000|
||Thomas Street Methodist Church|-|1,000|
|||2,500|4,500|
|**5**|**Support costs allocated to activities**|||
|||**2025**|**2024**|
|||**£**|**£**|
||Governance costs|561|579|
||**Analysed between:**|||
||Unrestricted funds|561|579|
|||**2025**|**2024**|
||**Governance costs comprise:**|**£**|**£**|
||Accountancy|561|579|
|||561|579|



## **6 Trustees** 

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. 

## **7 Employees** 

The average monthly number of employees during the year was: 

||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|



There were no employees whose annual remuneration was more than £60,000. 

- 10 - 



## **OASIS YOUTH CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

|**8**<br>**Debtors**<br>**Amounts falling due within one year:**<br>Other debtors<br>**9**<br>**Current asset investments**<br>Short term investments<br>**10**<br>**Creditors: amounts falling due within one year**<br>Accruals and deferred income<br>**11**<br>**Related party transactions**|**2025**<br>**£**<br>386<br>**2025**<br>**£**<br>71,062<br>**2025**<br>**£**<br>592|**2024**<br>**£**<br>2,304|
|---|---|---|
|||**2024**<br>**£**<br>184,908|
|||**2024**<br>**£**<br>595|
||||



There were no disclosable related party transactions during the year (2024 - none). 

- 11 -