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OASIS CARE AND TRAINING AGENCY (OCTA)

Registered charity 1044521 · accounts filings on the Charity Commission register · also known as SOMALI REFUGEE ACTION GROUP

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Latest income
£10.6m
Latest spending
£10.0m
Registered
1996
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £3,125,033, an increase from the previous year's £2,525,440, driven by a significant profit on the disposal of a property. The trustees report a reasonable expectation that the charity has adequate resources to continue in operation for the near future, despite a decrease in gross income.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£125k)
“The executive director received emoluments in excess of £60,000.” — page 14
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The executive director received emoluments in excess of £60,000.” — page 14
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: protect from unexpected financial risks, maintain working capital, meet unexpected one-off expenditure (held: £3.1m)
“The aim of the reserve policy is to ensure that the charity’s ongoing and future activities are protected from unexpected financial risks. This may include: 1. Unexpected increase or decrease in funding streams or costs. 2. The need to maintain a level of working capital required to meet cash flows needs. 3. The need to maintain specific funds to meet unexpected one-off expenditure impacts.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Sale of property to CEO
“The Charity disposed the freehold property situated at 16 Freeman Way, Hornchurch, RM11 7PH at an agreed price of £1,550,000. It was sold to Mr Mohamed Yusuf who is the CEO of the Charity . The transaction was done at arms length interest free. It was a part disposal and at the date of disposal 70% of the agreed price. The remaining 30% was to be settled in 10 years at the rate £60,000 per annum. He will also pay £10,000 per annum as rent for occupying the remaining 30% of the property.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by GPRS Accountants Limited. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£10.6m
Total spending
£10.0m
Reserves (reported)
£3.1m
Employees
475

Reported reserves equal ~3.7 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/03/2025£10.6m£10.0m
31/03/2024£11.4m£11.3m
31/03/2023£10.6m£10.4m
31/03/2022£9.5m£9.2m
31/03/2021£9.1m£9.0m

Common questions

Is OASIS CARE AND TRAINING AGENCY (OCTA) financially healthy?

The accounts state that unrestricted reserves stood at £3,125,033, an increase from the previous year's £2,525,440, driven by a significant profit on the disposal of a property. The trustees report a reasonable expectation that the charity has adequate resources to continue in operation for the near future, despite a decrease in gross income. Its FY2025 accounts were audited by GPRS Accountants Limited.

What does the highest-paid employee of OASIS CARE AND TRAINING AGENCY (OCTA) earn?

Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.