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
- 1 -

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.

OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Structure, governance and management
The charitable company is a company limited by guarantee and does not have share capital. It is governed by its Memorandum and Articles of Association dated 10 January 1997.
The charitable company is registered with the Charity Commission for Nothern Ireland. The charitable company is also recognised as a charity with 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
Mr J Hart
Mrs F R Balmer
Mr R V Chapman
Mr J W S Preston

The trustees of the charitable company are also directors for the purposes for charity law. Under the requirement of the Memorandum and Articles of Association, trustees are appointed and retire by rotation every three years at the annual general meeting. The number of trustees is not subject to a maximum but is not less than two.

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. NI031842

The trustees' r eport was approved by the Board of Trustees.

Mr J J Proctor
Trustee
Dated: 18 November 2025
OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OASIS YOUTH CENTRE LIMITED
- 3 -

I report on the financial statements of the charitable company for the year ended 31 March 2025, which are set out on pages 5 to 11.

Responsibilities of trustees and examiner

As the trustees of the charitable company (and also its trustees for the purposes of charity 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charitable company as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

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

4

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).

OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF OASIS YOUTH CENTRE LIMITED
- 4 -

Independent examiner's 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
Co Armagh
BT62 3PB
Dated: 18 November 2025
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
- 5 -
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.

OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 6 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
8
386
2,304
Investments
9
71,062
184,908
Cash at bank and in hand
127,326
11,454
198,774
198,666
Creditors: 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 section 386 of the Act and for preparing financial statements 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 otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with 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 18 November 2025
Mr J J Proctor
Trustee
Company registration number NI031842 (Northern Ireland)
OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
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 a mounts 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.
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)
- 8 -
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.

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)
- 9 -
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 p aymen ts 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 funds
Unrestricted 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.

OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
4
Grants payable
Unrestricted funds
Unrestricted 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
0
0
There were no employees whose annual remuneration was more than £60,000.
OASIS YOUTH CENTRE LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
386
2,304
9
Current asset investments
2025
2024
£
£
Short term investments
71,062
184,908
10
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
592
595
11
Related party transactions

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

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