Charity number: 1024743
OAKWOOD PARK GRAMMAR SCHOOL TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

OAKWOOD PARK GRAMMAR SCHOOL TRUST
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-16

OAKWOOD PARK GRAMMAR SCHOOL TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2023
Trustees
Mr. K. Moody, Head Teacher
Mr. M. Housden, Trustee
Mr. G. Twist, Trustee
Mrs. J. Murton. Trustee
Charity registered
number
1024743
Principal office
Oakwood Park
Maidslone
Kent
ME16 8AH
Independent examiner
MHA
Chartered Accountants
Victoria Court
17-21 Ashford Road
Maidslone
Kent
ME14 5DA
Bankers
Nalwest Bank plc
3 High Street
Maidslone
Kent
ME14 1XU
Page 1

OAKWOOD PARK GRAMMAR SCHOOL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
The Trustees present their annual report together with the financial statements of the Charity for the
September 2022 10 31 August 2023.
Objectives and activities
a. Aims and objectives
The Trustees hold the trust fund and ils income upon trust lo enable them lo assist families and students where
a lack of income prevents them from purch8sing school unifom and games kil, or from being able to go on
school trips or educational visits. The trust also assists the sixth form by purchasing equipment for their annual
fund raising.
The charitable objects are to the furtherance of the education of and for the benefit of children attending
Oakwood Park Grammar School, or for the benefit of any such other exclusively charitable objects and purposes
in the United Kingdom or worfdwide as the Trustees, in their discretion, see fil.
In setting objectives, developing strategies and undertaking aclivilies, the trustees have given careful
consideration lo the Charity Commission's general guidance on public benefit under section 4 of the Charities
Act 2006.
Achlevements and performance
a. Maln achlevements ofthe Charlty
The 6th Form Charities supported in 2022123 were Spadework and Air Ambulance who each received
£1,325.00.
In addition to the 6th Fom) Charities, a donation was made to The Teenage Cancer Trust of £190.81, with the
money being raised by students who held a collection at a Drama Showcase performed in school in April, a
donation of £667.47 was also made to Maidslone & Mid Kent MIND which was raised by students holding a Non-
Unifom) Day in February.
The Trust Fund has continued lo support students and families who experience financial difficulties when paying
for locker rental, revision reSoUr￿s. PE activities etc. including 2 year 9 students who wanted lo complete the
Bronze Duke of Edinburgh Award.
Throughout the year, the Trust Fund made several purchases lo support the school in a variety of ways, these
include..
£2,342.20 for Books for the RE department.
£2,988.70 for New Kil for the Football Teams in the PE department.
£172.50 for Handballs for the PE department.
£166.65 for 2 Gazebos for the PE department.
£90.00 for a Sofa for the Library.
The Trust supported the Theatre Studies department at a cost of £1,253.00 by paying for students to attend and
partake in the Shakespeare School Festival al a local Theatre.
The Senior Sports Celebratory Dinner was also supported with a donation of £902.54 to help towards the cost of
the guest speaker and the Awards presented lo students.
The Theatre Studies department was permilled lo stage a production for the first lime since the covid pandemic
in 2020". The Addams Family, this was well supported with the show raising funds of £834.31 to be carried over
to subsidise the costs of this yearfs production of Bugsy Malone.
Page 2

OAKWOOD PARK GRAMMAR SCHOOL TRUST
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Achlevements and performance Icontlnued)
School kil {clolhingl continues to be sold through Simmons: however, stationery, lies and badges can be
purchased through the school.
The Trust Fund donation for year 7's remains al £100.00 as a one-off payment lo cover 5 years. The year 12
student's donation remains at £30.00 to cover years 12 and 13.
The School Learning ReSoUr￿S Fund account continues with parents making monthly contributions of £5.00.
Flnanclal revlew
a. Funds
General fund incoming resources increased by £47,559 this year to £141,438. Expended resources increased by
£40,257 10 £105,947. Overall this left a surplus on the general fund for the year of £35,491, this compared to a
surplus of £28,189 for the year to 31 August 2022.
Income of £2,259 was received into the staff fund during the year, and with expenditure of £3,358 this left
deficit of £1,099 for the year. compared to a deficit of £192 for the year lo 31 August 2022.
When taken to the Balance Sheet, these movements in the year end had the combined effect of increasing the
charit￿$ nel assets by £34,392 10 £255,570 as at 31 August 2023.
b. Going concern
The Iruslees have reviewed the charity's forecast and projects, and the Iruslees are confident that the charity will
have adequate resources to continue in operational existence for the foreseeable future. The charity continues lo
adopt the going concern basis in preparing ils financial statements.
¢. Reserves pollcy
The reserves of the Charity are held in unrestricted funds. The Trustees monitor projects on an individual basis
to ensure there are sufficient reserves held to meet future project costs and the Charity's legal obligations. Due
to the nature of the Charity, direct costs is influenced by income received 8nd there are sufficient reserves lo
meet the support costs of the Charity.
Structure. governance and management
a. Constltutlon
The charills goveming document is the Trust Deed dated 6 April 1993, as modified by a Deed of Variation dated
30 July 1993. The Trust became a registered charity on 11 August 1993 and is referred lo as the OPGS Trust.
Page 3

OAKWOOD PARK GRAMMAR SCHOOL TRUST
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2023
Structure. governance and management {contlnuedl
b. Methods of appointment or election of Trustees
The number of Tnjstees is restricted to a minimum of four, with no maximum. and may include the following
officials. for the time that they hold office at the School:_
one of the Govemors of the School, appointed by the Govemors.,
the Headmaster of the School.,
one of the other members of leaching staff, who shall be nominated by the Headmaster and appointed by
the Govemors
the Assistant Head Teacher
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees. report and the finaneial statements in accordance with
applicable law and United Kingdom Accounting Standards {United Kingdom Generally Aceepled Accounting
Practice).
The law applicable to chaTrtEs in England & Wales requires the Trustee5 to prepare financial ststemenls for
each financial which gwe a true and fair Mew of the slate of affairs of the Charty and of ils incoming resou￿5
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Chaiilies SORP IFRS 1 D21..
make jLJdgements and accounting estimates that are reasonable and PTudent',
state whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material
departures disclosed and explained in the financial slatemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charty wll continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable ac¢uracy at any time the financial position of the Charity
and enable them to ensure that the financial slalement5 comply with the Charities Act 2011, thg Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safegu2rding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behaw by."
Mr. K. Moody
(Head Teacher)
Date..
14
Page 4

OAKWOOD PARK GRAMMAR SCHOOL TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Indepondent examingr's report to the Trustegs of Oakwood Park Grammar School Trust {'the
Charity.)
I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August
2023.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'the 2011 Act'i.
I report in respect of my examination of the Charills accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl 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 lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by sertion 130 of the 2011 Act,. or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements Con￿rning the form and content of
This report is made solely to the Charitys TTUStees, as a body, in accordan￿ with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the Charitls
Trustees those matters l am reqLJired to slate lo them in an Independent examiner's report and for no other
purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charills TrLJStees as a body, for my work or for this report.
Signed..
Dated.. 07 June 2024
Duncan Co¢hrane-Dyel Bsc BFP FCA
For and on behalf of MHA
Maidstone
United Kingdom
Page 5

OAKWOOD PARK GRAMMAR SCHOOL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2023
Unrg$tricted
funds
2023
Total
funds
2023
Total
funds
2022
Notg
Income from-
Donations and legacies
Charitable activities
38,021
103,507
38,021
103,507
24,356
69,554
780
Other trading activities
Investments
2.169
2.169
98
Totsl income
143,697
143,697
94, 788
Expenditure on:
Raising funds
Charitable activities
878
108.427
878
108.427
601
66,190
Totsl oxpgnditure
109,305
109,305
66,793
Net movement in funds
34.392
34.392
27,997
Reconciliation of funds-
Total funds brought forward
Net movement in fLJnds
221,178
34,392
221,178
34,392
193,181
21,997
Total funds carrled forward
255.570
255.570
221, f 78
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 16 form part of these financial statements.
Page 6

OAKWOOD PARK GRAMMAR SCHOOL TRUST
BALANCE SHEET
AS AT 31 AUGUST 2023
2023
2022
Note
Current assets
Stocks
Debtors
13
14
680
3,026
271,313
578
3, 761
237,982
Cash at bank and in hand
275.019
242,321
Credf(ors' amounts falling due wrthin one
year
15
119.4491
(21, 143)
Net Current assets
255.570
221,178
Total net assets
255,570
221,178
Charity funds
Restricted funds
Unrestricted funds
16
16
255,570
221, 178
Total funds
255,570
221, IT8
The financial statements were approved and authorised for issue by the Trustees and signed on their behaw by..
Mr. K. Moody
(Head Teach r}
@(g)
Dale..
The notes on pages 8 to 16 fomi part of these financial statements.
Page 7

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Ggngral information
Oakwood Park Grammar School Voluntary Fund is a charity registered in England and Wales. The
address of the registered Offi￿ is given on page 1 of the financial statements. The nature of the charitls
operations and principal activities is the assistance of families and students of Oakwood Park Grammar
School in purchasing school uniform, income towards school trips and educational visits.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
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 IFRS 1021 {effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared lo give a 'lrue and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a 'true
and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Oakwood Park Grammar School Trust is an unincorporated charitable trust, and meets thè definition
of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost
or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are presented in sterling which is the functional currency and is rounded to
the nearest £1.
2.2 Going concern
The Trustees consider that there are no materi81 uncertainties about the Charitys ability to continue
as 8 going concern.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be re￿iVed and the amount of income receivable can be measured reliably.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit
lo a third party, il is probable that a transfer of economic benefits will be required in settlement and
the 8mounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the lolal of direct costs and shared costs, including support costs
involved in undertaking each aclivily. Direct costs allribulable to a single activity are allocated direclly
lo that activity. Shared costs which contribute lo more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allo¢ated on the basis of lime spent, and depreciation
charges allocated on the portion of the asset's use.
Page 8

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies Icontinugd)
2.4 Exponditure Icontinuedl
Expenditure on raising funds includes all expenditure incurred by the Charity lo raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitsble trading.
Expenditure on charitable activities is incLJrred on directly undertaking the activities which further the
Charitls objectives, as well as any associated support costs.
2.5 Stock$
Stocks are valued at the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
2.9 Fund accounting
All funds held are unrestricted funds, and can be used in accordance with the charitable objects, at
the discretion of the Trustees. Within the general fund the Trust operates a staff account, which is
used to account for monies received from school staff towards the cost of drinks.
Critical accounting estimatgs and araas of judgement
No key judgements (apart from those involving estimates as disclosed in the notes above) have been
made in the process of applying the above accounting policies.
Page 9

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
In¢omg from donations and 1gga¢i9S
Unrestrictgd
funds
2023
Total
funds
2023
Total
funds
2022
Donations
38,021
38,021
24,356
Total 2022
24,356
24,356
Income from trading activities
Income from fundralslng events
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Lettings
780
Total 2022
780
780
Page 10

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
In¢omg from charitsblg activitios
Unrestrictgd
funds
2023
Total
funds
2023
Total
funds
2022
School Kit and Equipment
School Productions
8,566
2,176
8,020
1,900
14,690
3,461
9,055
4,154
8,649
2,259
40,577
8,566
2,176
8,020
1,900
14,690
3,461
9,055
4,154
8,649
2,259
40,577
9,863
Clubs and Societies
12,753
500
15,075
4,774
8,878
5,856
4,696
909
Physical Education
Revision Guides
UCAS Applications
6th Form Leavers
Lockers
Other
Staff fund
Duke of Ediburgh Award
6,250
Total 2023
103,507
103,507
69,554
Total 2022
69,554
69,554
Investment income
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Bank interest
2,169
2,169
98
Tot812022
98
98
Page 11

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Expgnditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Donations and fundraising
878
878
601
Total 2022
601
601
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2023
Total
2023
Total
2022
Charitable activities
108,427
108,427
66,790
Total 2022
66,190
66,190
10. Analysis of expenditure by activities
Actlvltles
undertaken
dlrectly
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Charitable activities
105,814
2,613
108,427
66,190
Total 2022
64,193
1,997
66,190
Page 12

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
10.
Analysis of exponditurg by a¢tivitig$ Icontinugd)
Analysis of direct costs
Total
funds
2023
Total
funds
2022
Activities
2023
School Kil and Equipment
School Productions
Clubs and Societies
6,122
1,731
11,511
6,122
1,731
11,511
7,902
1,255
10,644
E iii
Revision Guides
Ex-Gralia Payments
6th Form Leavers
Reimbursement to School
10,695
1,770
9,787
15,994
16,901
3,358
27,945
10,695
1,770
9,787
15,994
16,901
3,358
27,945
11,928
1,423
8,165
2, 785
16,806
1,707
2,184
Other
Staff Fund Expenditure
Duke of Edinburgh Award
Total 2023
105,814
105,814
64,793
Total 2022
64,193
64,193
Analysis of support costs
Total
funds
2023
Total
funds
2022
Activities
2023
Bank Charges and Interest
Independent Examination Fee
1,024
1,589
1,024
1,589
465
1,532
Total 2023
2,613
2,613
1,997
Total 2022
1,997
1,997
Page 13

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Indgpgndgnt gxamingrfs rgmunoration
2023
2022
Fees payable to the Charity's independent examiner for the independent
examination of the Charills annual accounts
1,589
1,532
12. Trustees. remuneration and expenses
During the year, no Trustees received any rernuneration or other benefits (2022- £NIL).
During the year ended 31 August 2023, no Trustee expenses have been incurred (2022 - £NIL).
13.
Stocks
2023
2022
School kil
680
578
14. Debtors
2023
2022
Due wlthln one year
Accrued income
3,026
3,761
3,026
3,767
15. Creditors: Amounts falling due within one year
2023
2022
AccrLJals and deferred income
19,449
21, 743
Page 14

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
16.
Statgmgnt of funds
Statgmgnt of funds - current yoar
Balan¢0 at 1
September
2022
Balan¢9 at
31 August
2023
Income Expenditure
Unrestrlcted funds
General Fund
Staff Account
207,368
13.810
141,438
2.259
1105,9471
13,3581
242,859
12.711
221,178
143,697
1109,3051
255,570
Statement of funds - prior year
Balance at
1 September
2021
Balance al
31 August
2022
Income Expenditure
Unrestricted funds
General Fund
Staff Account
179,179
14,002
93,879
909
(65,690)
(1, 101)
207,368
13,810
193, 181
94, 788
(66, 791)
221, 118
17.
Analysis of net assets between funds
Analysis of ngt assgls between funds - curront year
Unrgstricted
funds
2023
Total
funds
2023
Current assets
Creditors due within one year
275,019
{19,449}
275,019
119.449)
Total
255,570
255,570
Page 15

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
17.
Analy$i$ of not a$$ots bgtwggn funds lcontinugdl
Analysis of n9t assots bgtwgen funds - prior ygar
Unreslricted
funds
2022
Total
funds
2022
Current assets
242,321
(27, 743)
242,327
{21, 743)
Creditors due within one year
Total
221,178
221,178
18.
Related party transactions
During the year, the Trust paid £15,994 12022.. £2,785) lo Oakwood Part( Grammar School in regards to
reimbursement of expenses paid.
As at the year end, there were no amounts due to Oakwood Park Grammar School12022.. £Nill.
Page 16