Charity number: 1024743
OAKWOOD PARK GRAMMAR SCHOOL TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

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 2024
Trustees
Mr. K. Moody, Head Teacher (resigned 15 January 2025)
Mr. M. Housden. Trustee
Mr. G. Twist, Trustee
Mrs. J. Murton. Trustee
Charity registered
number
1024743
Principal office
Oakwood Park
Maidstone
Kent
ME16 8AH
Independent examiner
MHA
Chartered Accountants
Victoria Court
17-21 Ashford Road
Maidstone
Kent
ME14 5DA
Bankers
Natwest Bank plc
3 High Street
Maidstone
Kent
ME14 1XU
Page 1

OAKWOOD PARK GRAMMAR SCHOOL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the financial ststements of the Charity for the
September 2023 to 31 August 2024.
Objectives and activities
a. Aims and objectives
The Trustees hold the trust fund and its income upon trust to enable them to assist families and students where
a lack of income prevents them from purchasing school uniform and games kit, or from being able lo 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 worldwide as the Trustees, in their discretion. see fit.
In setting objectives. developing strategies and undertaking activities. the trustees have given careful
consideration to the Charity Commission's general guidance on public benefit under section 4 of the Charities
Act 2006.
Achievements and perfomiance
a. Main achievements of the Charity
The two 6th Form Charities supported in 2023124 were Dandelion who received £1,898.00 and MSF Drs Abroad
who received £1,142.00.
In addition to the 6th Form Charities, a donation was made to The Maidstone Homeless Centre of £859.75, with
the money being raised by students holding a non-uniform day in De￿mber 2023, donations of £94.50 to
Cancer Research and £129.50 to Centre for Mental Health were also raised by holding cake sales.
The Trust Fund has continued to support students and families who experience financial difficulties when paying
for locker rental, revision resources, PE activities etc. induding paying the entry fee for a student to represent
England at the Schools Intemational Athletics Cross Country held in Dublin.
The Trust supported deparlments within the school by making the following purchases:
£1,394.00 for 4 refurbished laptops for the IT department.
£1,266.00 for a VEO Technologies camera, tripod and case for the PE department.
The Trust made a donation of £25,599.00 to the main school account, of which £12,799.50 was donated towards
a Barrel Canopy for the students to have an outside seating area at break and lunchtimes. with the remaining
balan￿ of £12,799.50 being a donation for general school resources.
The Theatre Studies department staged a production of Bugsy Malone with the Trust supporting the production
by way of a £490.99 donation.
School kit (clothing) continues to be scld through Simmons" however, stationery, ties and badges can be
purchased through the school.
Page 2

OAKWOOD PARK GRAMMAR SCHOOL TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and perforniance (continued)
The Trust Fund donation for year 7's remains at £100.00 as a on￿ff payment to cover 5 years. The year 12
student's donation remains at £30.00 to cover years 12 and 13.
The School Learning Resources Fund account continues with parents making monthly contributions of £5.00.
Financial review
a. Funds
General fund incoming resources decreased by £32.287 this year to £109.151. Expended resources decreased
by £1,912 to £104,035. Overall this left a surplus on the general fund for the year of £5,116, this compared to a
surplus of £35,491 for the year to 31 August 2023.
Income of £2,618 was re￿iVed into the staff fund during the year, and with expendilure of £3,233 this left a
deficit of £615 for the year, compared to a deficit of£1,099 for the year to 31 August 2023.
When taken to the Balan￿ Sheet, these movements in the year end had the combined effect of increasing the
charitls nel assets by £4,501 to £260,071 as at 31 August 2024.
b. Going concern
The trustees have reviewed the chariws forecast and projects, and the trustees are confident that the charity will
have adequate reSoUr￿S to continue in operational existen￿ for the foreseeable future. The charity continues to
adopt the going concem basis in preparing its financial statements.
c. Reserves policy
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 Chariws legal obligations. Due
to the nature of the Charity, direct costs is InflUen￿d by income re￿iVed and there are sufficient reserves to
meet the support costs of the Charity.
Structure, governance and management
a. Constitution
The charity's governing 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 to as the OPGS Trust.
Page 3

OAKWOOD PARK GRAMMAR SCHOOL TRUST
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, govemance and management (continued
b. Methods of appointment or election of Trustées
Thp niimber of TnJstees is restricted to a rninimum of four, wtth no maximum, and may include the foll¢)wing
offiGials, for the time that they hold Offi￿ at tlie 8choDI-_
on8 of tha GovÉmors of the School, appointed by the Govemors"
the Headmaster of the School"
one of the other members of teaching staff, who shall be nominated by the Headmaster and appointed by
the Governors
the Assistsnt Head Teacher
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and UnitÈd Kingdom Accounting Standards (United Kingdom Generally AGGepted Accounting
Practice).
The law appliGable to chartties in Eiigldrid & Wale5 ieguires the Trustees to prepare financial statements for
each financial which qwe a true and fair view of the state of affairs of the Chartty and of its incoming rp.qnlir￿S
and application of rÈ￿urce$, including its income and 8xpendrf(u￿, for that period. In preparing these finanGial
stateiiieiits, the Trusteeb dre required to".
select suilable accounting policies and then apply them consistently"
obscrve the methods and principle¥ of the Charities SORP {FRS 102>".
make judgements and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards {FRS 102) have been followed. subject to any material
departures disclosed and explained in the financial statements:
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Chanty wll continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charitvs transactions and disclose with reasonable accuracy at any time the financi81 posttion of the Charity
and enable them to ensure that the financial ststements compty wth the Chartties Act 2011, the Charity
(Accounts and Reports} Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charrty and hence for taking reasonable step5 for the prevention and detectioIi uf
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Mr. M. Housden
Trustee
Date:
Page 4

OAKWOOD PARK GRAMMAR SCHOOL TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Independent examinerfs report to the Trustees of Oakwood Park Grammar School Trust {'the
Charity,)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August
2024.
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 (￿e 2011 Act,).
I report in respect of my examination of the Charitys 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 145{5}(b) of the 2011 Act.
Independent examinerfs 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 that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the form and content of
This report is made solely to the Charitys Trustees. as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent examiner's report and for no olher
purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body. for my work or for this report.
Signed-
Dated.. 23 May 2025
Duncan Cochrane-Dyet Bsc BFP FCA
For and on behalf of MHA
Maidstone
United Kingdom
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales
(registered number OC455542)
Page 5

OAKWOOD PARK GRAMMAR SCHOOL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charilable activities
Investments
22.968
85,110
3,691
22.968
85,110
3,691
38,021
103,507
2,169
Total income
111,769
111,769
143,697
Expenditure on:
Raising funds
Charitable activities
1,708
105,560
1,708
105,560
878
108.427
Total expenditure
107,268
107,268
109, 305
Net movement in funds
4.501
4,501
34,392
Reconciliation of funds:
Total funds brought forward
Net movement in funds
255,570
4,501
255,570
4,501
221,178
34,392
Tolal funds carried forward
260.071
260.071
255, 570
The Statement of financial activities indudes all gains and losses recognised in the year.
The notes on pages 8 to 16 fomi part of these financial statements.
Page 6

OAKWOOD PARK GRAMMAR SCHOOL TRUST
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Current assets
stocks
Debtors
Cash at bank and in hand
12
13
420
2N67
275.455
680
3.026
271,313
278.342
275,019
Credttors.. amounts falling due wrthin one
year
14
(18,271)
(19,449)
Net current assets
260.071
255.570
Total net assets
260,071
255,570
Charity funds
Restricted funds
15
Unrestricted funds
15
260.071
255.570
Total funds
260.071
255, 570
Th@ finanr.ial statements were approved and aLthorised for issue by the Trusteos and signod on their beha]f by.
Mr. M. Housden
Trustee
Date:
Icii,
The notes on pages 8 to 16 fom part of these financial statements.
Page 7

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General information
Oakwood Park Grammar School Voluntary Fund is a charity registered in England and Wales. The
address of the regislered office is given on page 1 of the financial statements. The nature of the charitys
operations and principal activities is the assistance of families and students of Oakwood Park Grammar
School in purchasing school unifomi, 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 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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'tnJe and fai¢ view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charilies.. Statement of Recommended
Practi￿ effective from 1 April 2005 which has Sin￿ been withdrawn.
Oakwood Park Grammar School Trust is an unincorporated charitable trust. and meets the 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 material uncertainties about the Charitys ability to Ix)ntinue
as a 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 received and the amount of income re￿1vable can be measured reliably.
2.4 Expenditure
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 setuement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity- Shared costs which contribute to 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 allocated on the basis of time 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 2024
Accounting policies (continued)
2.4 Expenditure (continued)
Expenditure on raising funds indudes all expenditure incurred by the Charity lo raise funds for its
charitable purposes and indudes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activtties is incurred on directly undertaking the activities which further the
Charivs objectives, as well as any associated support costs.
2.5 Stocks
Stocks are valued at the lower of cost and net 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 at bank and in hand indudes 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 at the Balan￿ sheet date as a result of a past
event, it 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 lo account for monies received from school staff towards the cost of drinks.
Critical accounting estimates and areas of judgement
No key judgements (apart from those involving estimates as disdosed in the notes above) have been
made in the prO￿sS of applying the above accounting policies.
Page 9

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
22,968
22,968
38,021
Total 2023
38,021
38,021
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
runds
2023
School Kit and Equipment
School Productions
7,132
1,272
7.479
7,132
1,272
7,479
8,566
2,176
8,020
1,900
14.690
3,461
9,055
4.154
8,649
2,259
40.577
Clubs and Societies
Physical Education
Revision Guides
14,955
2,912
9,634
4.266
7.063
2.618
27.779
14,955
2.912
9,634
4,266
7,063
2,618
27,779
UCAS Applications
6th Form Leavers
Lockers
Olher
Staff fund
Duke of Ediburgh Award
Total 2024
85,110
85,110
103,507
Total 2023
103.507
103.507
Page 10

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Bank interest
3,691
3,691
2,169
Total 2023
2,169
2,169
Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations and fundraising
1,708
1,708
878
Total 2023
878
878
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Tolal
2024
Total
2023
Charitable activities
105.560
105,560
108.427
Total 2023
108,427
108,427
Page11

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
osts
2024
Total
funds
2024
Total
funds
2023
Charitable activities
103.424
2,136
105,560
108.427
Total 2023
105,814
2,613
108,427
Analysis of direct costs
Total
funds
2024
Total
funds
2023
Activities
2024
School Kit and Equipment
School Productions
Clubs and Societies
6,410
2,597
8,049
11,150
1,275
9,391
28.912
11.746
3.233
20.661
6,410
2,597
8,049
11,150
1.275
9,391
28,912
11,746
3,233
20,661
6,122
1,731
11,511
10.695
1,770
9,787
15,994
16,901
3,358
27.945
Revision Guides
Ex-Gratia Payments
6th Form Leavers
Reimbursement to School
Olher
Staff Fund Expenditure
Duke of Edinburgh Award
Total 2024
103,424
103,424
105,814
Total 2023
105.814
105,814
Page 12

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by activities (continued)
Analysis of support costs
Tolal
funds
2024
Total
funds
2023
Activities
2024
Bank Charges and Interest
Independent Examination Fee
522
1,614
522
1,614
1,024
1,589
Total 2024
2,136
2.136
2,613
Total 2023
2,613
2,613
10.
Independent examinerfs remuneration
2024
2023
Fees payable to the Chariws independent examiner for the independent
examination of the Charitys annual accounts
1,614
1,589
11.
Trustees. remuneration and expenses
During the year, no Twstees re￿iVed any remuneration or other benefits (2023 - £NIL).
During the year ended 31 August 2024. no Trustee expenses have been incurred (2023- £NIL).
12.
Stocks
2024
2023
School kit
420
680
Page 13

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13.
Debtors
2024
2023
Due within one year
Accrued income
2.467
3,026
2,467
3.026
14. Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
18,271
19,449
Page 14

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. Statement of funds
Statement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Income Expenditure
Unrestricted funds
General Fund
242,859
12,711
109,151
2,618
{104,035}
(3,2331
247,975
12,096
Staff Account
255,570
111,769
{107,268}
260,071
statement of funds - prior year
Balance at
1 September
2022
Balance at
31 August
2023
Income Expenditure
Unrestricted funds
General Fund
Slaff Account
207.368
13.810
141,438
2,259
(105,947)
(3,358)
242,859
12,711
221.178
143.697
(109,305)
255,570
16. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Current assets
278,342
(18.271)
278,342
(18.271)
Creditors due within one year
Total
260,071
260,071
Page 15

OAKWOOD PARK GRAMMAR SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Current assets
Creditors due within one year
275,019
(79,449)
2T5,019
(19,449)
Total
255.570
255,570
17.
Related party transactions
During the year, the Trust paid £3,313 (2023: £15,994) to Oakwood Park Grammar School in regards to
reimbursement of expenses paid.
As at the year end, there were no amounts due to Oakwood Park Grammar School {2023.' £Nil).
Page 16