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 2024

FOR

OASIS OF HOPE FOUNDATION-UK

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

Notes to the Financial Statements

9

to

14

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 2024. 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.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

OASIS OF HOPE FOUNDATION IN SANTA MARTA, COLOMBIA.

At present we have 320 students registered at the Oasis of Hope School.

In December 2024, 21 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 20 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 28 students. 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 enduring 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 2024 the number attending the school was 325.

22 students graduated from high school with many of them going on to university or further education.

We have now established a partnership programme with Convoy Hope who will provide lunch's for 300 students 5 times a week.

b) LA PAZ SCHOOL

In 2024 the number attending the school was 375.

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 2024 the number attending the Pueblo Viejo project was 200. This outreach provides lunches 5 times a week plus preschool educational study all sponsored by Compassion International.

d) MAICAO PROJECT & PRESCHOOL

In 2024 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 2025, the community centre will be constructed, where the church will meet. Completion date scheduled for June, 2025

Stop Press News: The construction of the building known as the 'House of Hope' is now complete (August, 25).

Incorporated into the work will be a preschool for 50 children sponsored by Compassion International. Textiles for Hope: sewing machines, knitting and crochet initiatives. Art for Hope, creative opportunities for students and community sponsored by Heart Church, Nottingham.

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 2024 was £68,972.

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.

STOP PRESS NEWS: a partnership has been entered into with Malteser International a faith-based organization based in Switzerland. This new initiative will focus on aid for pregnant women in La Isla, Pueblo Viejo and the Vista Hermosa neighbourhood where the Oasis of Hope Foundation is located.

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 deficit -£2,067 (2023 - surplus £10,461) The total reserves at the year end stand at £57,283 (2023- £59,350 ).Free Reserves at the year end stand at £34,993 (2023- £42,750).

Finance sent to Colombia from Oasis of Hope Foundation-Uk for the year 2024 was £68,972.36.

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 provide:

Oasis of Hope Foundation in 2025 hope to commence the construction of a building entitled, 'The Hope Centre'. This building will benefit the surrounding community, church and school. It's envisaged that a 350 seat auditorium will be the main feature of the building with space for many other initiatives to take place there.

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

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)

Mr M Dixon (appointed 18.8.25)

Ms S Smith (appointed 18.8.25)

Independent Examiner

Miss C. M. Tams FCA

Smethurst & Co

12 Abbey Road

GRIMSBY

DN32 0HL

Bankers

Royal Bank of Scotland

10 Silver Street

HULL

HU1 1JE

TRUSTEES' RESPONSIBILITY STATEMENT

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.

Approved by order of the board of trustees on 17 September 2025 and signed on its behalf by:

Mr. P. T. Gallant - Trustee

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 2024.

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

12 Abbey Road

GRIMSBY

DN32 0HL

17 September 2025

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3,817

65,783

69,600

93,235

Investment income

2

428

-

428

385

Total

4,245

65,783

70,028

93,620

EXPENDITURE ON

Raising funds

2,343

-

2,343

2,970

Charitable activities

Core

780

68,972

69,752

80,189

Total

3,123

68,972

72,095

83,159

NET INCOME/(EXPENDITURE)

1,122

(3,189

)

(2,067

)

10,461

Transfers between funds

11

(8,879

)

8,879

-

-

Net movement in funds

(7,757

)

5,690

(2,067

)

10,461

RECONCILIATION OF FUNDS

Total funds brought forward

42,750

16,600

59,350

48,889

TOTAL FUNDS CARRIED FORWARD

34,993

22,290

57,283

59,350

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

9

441

1,273

1,714

1,909

Cash at bank and in hand

35,326

21,017

56,343

58,171

35,767

22,290

58,057

60,080

CREDITORS

Amounts falling due within one year

10

(774

)

-

(774

)

(730

)

NET CURRENT ASSETS

34,993

22,290

57,283

59,350

TOTAL ASSETS LESS CURRENT LIABILITIES

34,993

22,290

57,283

59,350

NET ASSETS

34,993

22,290

57,283

59,350

FUNDS

11

Unrestricted funds

34,993

42,750

Restricted funds

22,290

16,600

TOTAL FUNDS

57,283

59,350

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 17 September 2025 and were signed on its behalf by:

Mr. P. T. Gallant - Trustee

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

31.12.24

31.12.23

£

£

Interest received

428

385

3.	GRANTS PAYABLE

31.12.24

31.12.23

£

£

Core

68,972

79,439

The total grants paid to institutions during the year was as follows:

31.12.24

31.12.23

£

£

Colombia

68,972

79,439

4.	SUPPORT COSTS

Governance

costs

£

Core

780

Support costs, included in the above, are as follows:

31.12.24

31.12.23

Total

Core

activities

£

£

Independent examiners fee

690

660

Insurance

90

90

780

750

5.	NET INCOME/(EXPENDITURE)

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

31.12.24

31.12.23

£

£

Independent examiners fee

690

660

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

4,942

88,293

93,235

Investment income

385

-

385

Total

5,327

88,293

93,620

EXPENDITURE ON

Raising funds

2,970

-

2,970

Charitable activities

Core

750

79,439

80,189

Total

3,720

79,439

83,159

NET INCOME

1,607

8,854

10,461

Transfers between funds

13,884

(13,884

)

-

Net movement in funds

15,491

(5,030

)

10,461

RECONCILIATION OF FUNDS

Total funds brought forward

27,259

21,630

48,889

TOTAL FUNDS CARRIED FORWARD

42,750

16,600

59,350

8.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024 and 31 December 2024

402

DEPRECIATION

At 1 January 2024 and 31 December 2024

402

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

1,714

1,909

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

774

730

11.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.1.24

in funds

funds

31.12.24

£

£

£

£

Unrestricted funds

General fund

42,750

1,122

(8,879

)

34,993

Restricted funds

Projects in Colombia

16,600

(3,189

)

8,879

22,290

TOTAL FUNDS

59,350

(2,067

)

-

57,283

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

4,245

(3,123

)

1,122

Restricted funds

Projects in Colombia

65,783

(68,972

)

(3,189

)

TOTAL FUNDS

70,028

(72,095

)

(2,067

)

Comparatives for 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

Comparative 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

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

Net

Transfers

movement

between

At

At 1.1.23

in funds

funds

31.12.24

£

£

£

£

Unrestricted funds

General fund

27,259

2,729

5,005

34,993

Restricted funds

Projects in Colombia

21,630

5,665

(5,005

)

22,290

TOTAL FUNDS

48,889

8,394

-

57,283

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

9,572

(6,843

)

2,729

Restricted funds

Projects in Colombia

154,076

(148,411

)

5,665

TOTAL FUNDS

163,648

(155,254

)

8,394

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 for the period 1st January to 30th June 2024 From 1st July 2024 the 20% for admin costs has been suspended, this may be reinstated should admin support arrangements change.

12.	RELATED PARTY DISCLOSURES

Total donations from Trustees during the year amounted to £1,964 (2023- £2,124 ).