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REGISTERED COMPANY NUMBER: 04626166 (England and Wales)
REGISTERED CHARITY NUMBER: 1097395














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OASIS OF HOPE FOUNDATION-UK

OASIS OF HOPE FOUNDATION-UK

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Report of the Trustees 1 to 5

Statement of Trustees' Responsibilities 6

Independent Examiner's Report 7

Statement of Financial Activities 8

Balance Sheet 9

Notes to the Financial Statements 10 to 15

OASIS OF HOPE FOUNDATION-UK (REGISTERED NUMBER: 04626166)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and Aims
The charities objects and principal activities are to raise funds to help the poorest of the poor children of Colombia and the activities in this have been made possible through funding raised by Oasis of Hope Foundation-UK.



Volunteers
The charity is grateful for the team of volunteers who freely give of their time to enable the Charity to function so well.
The value of services donated by volunteers is not included in the Statement of Financial Activities.


Public Benefit
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees/Directors consider how planned activities will contribute to the aims and objectives they have set.


OASIS OF HOPE FOUNDATION-UK (REGISTERED NUMBER: 04626166)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


ACHIEVEMENT AND PERFORMANCE
Charitable activities
OASIS OF HOPE FOUNDATION IN SANTA MARTA, COLOMBIA.

At present we have 315 students registered at the Oasis of Hope School.

In December 2023, 18 students graduated from the school, with the majority of them going on to university or some other form of further education!

The university scholarship fund originally set-up in 2021 continues to function well. The scheme was set up to help students families who can't financially afford the fees - but who's children have the ability to study at university level.

OASIS OF HOPE FOUNDATION WORK FORCE & FACILITIES

We currently have 14 available classrooms with 3 sets of toilets. The administration block consists of director's office with toilet, secretary's office with toilet, waiting room, teachers rest room and library, plus the IT facility and Administration block.

At present we have 19 teachers employed at the Oasis of Hope School, plus school principal, academic coordinator, psychologist, health & safety officer, secretary and cleaner.

The kitchen staff are volunteers who receive a small donation for their loyal contribution to the work.

OASIS - JOB CREATION

The Oasis of Hope foundation in Colombia employs a executive director, administrator, two administration workers, nurse and 4 security staff.

This allows value plus services to be provided to the students and the wider community from which they are drawn including health checks and interventions to promote good health. Clearly the security staff are required to ensure the building, students and staff are safe when within the school grounds.

OASIS OF HOPE FOUNDATION - SOCCER ACADEMY (OASIS LIONS)

This initiative was set-up by Rev. David Taylor in August, 2021. The aim is to reach out to boys and girls in the local community. Many of these young people simply have nothing to do, with little or no infrastructure being in place in these extremely poor neighbourhoods. The academy invites the students in and teaches them life skills and soccer expertise. At present we have 32 students, which includes 4 girls. The academy employs a director, secretary and 2 coaching staff.


CHILDREN'S EDUCATION & OUTREACH PROGRAMMES

Oasis of Hope Foundation provide support and outreach programs across the region of the Atlantic coast of Colombia. The focus of the work is to positively impact those communities that have and are experiencing a degree of social deprivation.

The partnerships which the charity has developed within the communities are both empowering and enabling. Oasis of Hope seeks to free individuals and ultimately communities from the debilitating effects of poverty through access to good quality education and life opportunities. The projects that come under the banner of Oasis of Hope are:


a) CIENAGA SCHOOL
In 2023 the number attending the school was 350.
15 students graduated from high school with many of them going on to university or further education.

b) LA PAZ SCHOOL
In 2023 the number attending the school was 380.
This school is situated in the Guajira, the desert area of Colombia where the school faculty is made up entirely of the Wayuu indigenous population.

c) PUEBLO VIEJO
In 2023 the number attending the Pueblo Viejo project was 180. This outreach provides lunches 3 times a week plus preschool educational study. Many improvements at this project have been made in 2023.


OASIS OF HOPE FOUNDATION-UK (REGISTERED NUMBER: 04626166)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


d) MAICAO PROJECT & PRESCHOOL
In 2023 the Maicao project had 120 children attending - with meals provided from Monday to Friday during the preschool educational timetable.

The students arrive at 7am Monday to Friday and have a comprehensive program until 3pm. The activities include, school lessons, hygiene, brushing teeth, washing hands etc.

The Oasis foundation partner with the local community church in Maicao in providing meals for the Wayuu indigenous groups who live near-by.

LA ISLA COMMUNITY & CHURCH PROJECT

A thriving community action project has now been established. It's envisaged in 2024, the community centre will be constructed, where the church will meet.

TASAJERA

A small piece of land has been rented. Here we hold community project events and meet as a church.

HOUSE OF HOPE - BETHLEHEM
House of Hope in Bethlehem, delivers much services to vulnerable young people in Bethlehem. Oasis of Hope Foundation has developed an informal, mutually supportive relationship with House of Hope Bethlehem to encourage and support their work.


FINANCE DEPARTMENT
The finance department continues to ensure that the financial recording is sound and the services are delivered in a cost-effective way.

Finance sent to Colombia from the UK for the year 2023: £79,438.50


SPONSORSHIP DEPARTMENT
The sponsorship department continues to provide a vital link to the office in the UK. Here vital data is gathered and sent to the UK who then process it.


MEDICAL DEPARTMENT
Glemis Fernandez is our full-time nurse. Free medicines are administered where needed and doctors attend the clinic on a regular basis to hold medical campaigns.

FINANCIAL REVIEW
Reserves policy
Following the retirement of the office manager the charity took the opportunity in this ever changing environment to reassess staffing requirements and in the short term operate purely with volunteers.Once this review is complete it is envisaged a part time employee will be engaged whilst ensuring reserves are maintained in accordance with our policy of a minimum 3 months operating costs.

The Trustees/Directors consider the financial performance of the charity during the year has been satisfactory. The Statement of Financial Activities shows net incoming/outgoing resources for the year of a revenue nature of surplus £10,461 (2022 - deficit £7,108) The total reserves at the year end stand at £59,350 (2022 - £48,889).Free Reserves at the year end stand at £42,750 (2022- £27,259).


Finance sent to Colombia from Oasis of Hope Foundation-Uk for the year 2023 was £79,438.50.


OASIS OF HOPE FOUNDATION-UK (REGISTERED NUMBER: 04626166)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


FUTURE PLANS
Future Plans In the coming year Oasis of Hope Foundation intend to continue to:

- deliver its life changing work in various communities within the Atlantic coast area of Colombia.

- build on the number of students that graduate. Many of these students come from families living in abject poverty. Graduating successfully gives them life changing options in securing further education or work.

- Oasis of Hope will continue to help students attain their full potential, thereby, not only releasing them from the shackles of poverty but will have an added benefit of slowly changing the communities in which they come from.

- positively impact the local communities in which the projects work within providing support and practical help which will alleviate poverty not just in the short term but give communities independence in the future.

In addition: Oasis of Hope is seeking to secure additional funding to enable us to :


-Employ a 'site manager' who would look after all the installations, making sure they are in good working order. We believe this will be cost effective going forward as it will allow issues arising on the site to be addressed in a timely fashion thereby eliminating costs which will arise from lack of timely intervention.


-Oasis of Hope is proactively seeking to secure grant funding as well as continuing to secure the individual gifts it relies on. This funding will allow it to continue to deliver its core services as well as to provide aspirational goals.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association.

Recruitment and appointment of new trustees
The Board of Directors/Trustees is committed to selecting and recruiting trustees with appropriate skills and abilities to reflect and meet the needs of the charity. Prospective persons are approached by the trustees/directors to join the board.

Organisational structure
The board of trustees aims to meet 3 times a year.

Wider network
The charity works closely with other charities and organisations interested in its aims and objectives.

Risk management
The trustees have identified and reviewed the risks to which the charity is exposed and have ensured appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04626166 (England and Wales)

Registered Charity number
1097395

Registered office
Revive Church
Ground Floor, Kingswood House
Ashcombe Road
KINGSTON UPON HULL
HU7 3DD


OASIS OF HOPE FOUNDATION-UK (REGISTERED NUMBER: 04626166)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


Trustees
Rev. D. G Cooper
Mr. N, J , C Lendon (resigned 11.8.24)
Mr. P. T. Gallant
Mr. R. Dixon
Rev D. Taylor
Mr R. J. Saggs
Ms T Wild
Mrs H Button (resigned 17.4.24)

Independent Examiner
Miss C. M. Tams FCA
Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL

Bankers
Royal Bank of Scotland
10 Silver Street
HULL
HU1 1JE

Approved by order of the board of trustees on 1 September 2024 and signed on its behalf by:





Mr. P. T. Gallant - Trustee

OASIS OF HOPE FOUNDATION-UK

STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023


The trustees (who are also the directors of Oasis Of Hope Foundation-Uk for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which 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 those financial statements, the trustees are required to

- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
OASIS OF HOPE FOUNDATION-UK (REGISTERED NUMBER: 04626166)


Independent examiner's report to the trustees of Oasis Of Hope Foundation-Uk ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.








Miss C. M. Tams FCA

Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL

2 September 2024

OASIS OF HOPE FOUNDATION-UK

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 4,942 88,293 93,235 89,796

Investment income 2 385 - 385 69
Total 5,327 88,293 93,620 89,865

EXPENDITURE ON
Raising funds 2,970 - 2,970 21,962

Charitable activities
Core 750 79,439 80,189 75,011
Total 3,720 79,439 83,159 96,973

NET INCOME/(EXPENDITURE) 1,607 8,854 10,461 (7,108 )
Transfers between funds 12 13,884 (13,884 ) - -
Net movement in funds 15,491 (5,030 ) 10,461 (7,108 )

RECONCILIATION OF FUNDS
Total funds brought forward 27,259 21,630 48,889 55,997

TOTAL FUNDS CARRIED FORWARD 42,750 16,600 59,350 48,889

OASIS OF HOPE FOUNDATION-UK (REGISTERED NUMBER: 04626166)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Debtors 10 472 1,437 1,909 2,364
Cash at bank and in hand 43,008 15,163 58,171 47,225
43,480 16,600 60,080 49,589

CREDITORS
Amounts falling due within one year 11 (730 ) - (730 ) (700 )

NET CURRENT ASSETS 42,750 16,600 59,350 48,889

TOTAL ASSETS LESS CURRENT LIABILITIES 42,750 16,600 59,350 48,889

NET ASSETS 42,750 16,600 59,350 48,889
FUNDS 12
Unrestricted funds 42,750 27,259
Restricted funds 16,600 21,630
TOTAL FUNDS 59,350 48,889

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 1 September 2024 and were signed on its behalf by:





Mr. P. T. Gallant - Trustee

OASIS OF HOPE FOUNDATION-UK

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 33% Straight Line

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Donated goods
Donated services by volunteers are not recognised in the Statement of Financial Activities.

2. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
Interest received 385 69


OASIS OF HOPE FOUNDATION-UK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. GRANTS PAYABLE
31.12.23 31.12.22
£    £   
Core 79,439 73,647
The total grants paid to institutions during the year was as follows:
31.12.23 31.12.22
£    £   
Colombia 79,439 73,647


4. SUPPORT COSTS
Governance
costs
£   
Core 750

Support costs, included in the above, are as follows:
31.12.23 31.12.22
Total
Core activities
£    £   
Independent examiners fee 660 630
Insurance 90 734
750 1,364

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Independent examiners fee 660 630

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


7. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.23 31.12.22
Staff - 1

No employees received emoluments in excess of £60,000.


OASIS OF HOPE FOUNDATION-UK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 18,065 71,731 89,796

Investment income 69 - 69
Total 18,134 71,731 89,865

EXPENDITURE ON
Raising funds 21,962 - 21,962

Charitable activities
Core 14,917 60,094 75,011
Total 36,879 60,094 96,973

NET INCOME/(EXPENDITURE) (18,745 ) 11,637 (7,108 )
Transfers between funds 15,288 (15,288 ) -
Net movement in funds (3,457 ) (3,651 ) (7,108 )

RECONCILIATION OF FUNDS
Total funds brought forward 30,716 25,281 55,997

TOTAL FUNDS CARRIED FORWARD 27,259 21,630 48,889

9. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 1,271
Disposals (869 )
At 31 December 2023 402
DEPRECIATION
At 1 January 2023 1,271
Eliminated on disposal (869 )
At 31 December 2023 402
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -


OASIS OF HOPE FOUNDATION-UK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 1,909 2,364

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 730 700

12. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.23 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
General fund 27,259 1,607 13,884 42,750

Restricted funds
Projects in Colombia 21,630 8,854 (13,884 ) 16,600

TOTAL FUNDS 48,889 10,461 - 59,350

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 5,327 (3,720 ) 1,607

Restricted funds
Projects in Colombia 88,293 (79,439 ) 8,854

TOTAL FUNDS 93,620 (83,159 ) 10,461


Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
£    £    £    £   
Unrestricted funds
General fund 30,716 (18,745 ) 15,288 27,259

Restricted funds
Projects in Colombia 25,281 11,637 (15,288 ) 21,630

TOTAL FUNDS 55,997 (7,108 ) - 48,889

OASIS OF HOPE FOUNDATION-UK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 18,134 (36,879 ) (18,745 )

Restricted funds
Projects in Colombia 71,731 (60,094 ) 11,637

TOTAL FUNDS 89,865 (96,973 ) (7,108 )

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
General fund 30,716 (17,138 ) 29,172 42,750

Restricted funds
Projects in Colombia 25,281 20,491 (29,172 ) 16,600

TOTAL FUNDS 55,997 3,353 - 59,350

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 23,461 (40,599 ) (17,138 )

Restricted funds
Projects in Colombia 160,024 (139,533 ) 20,491

TOTAL FUNDS 183,485 (180,132 ) 3,353

Restricted funds consist of gifts and donations given for the purpose of projects in Colombia.

Transfers between funds

Transfers are made from unrestricted funds to meet commitments of the charity in relation to its objects.

20% of restricted donations are transferred to the general funds to cover admin costs.


OASIS OF HOPE FOUNDATION-UK

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


13. RELATED PARTY DISCLOSURES

Total donations from Trustees during the year amounted to £2,124 (2022 - £2124 ).