2021-08-31-accounts - The Oakes Trust (Sheffield)

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Contents		Page
Reference and administrative details
Trustees'report
Independent examiner's report
Statement of financial	activities	10
Balance sheet
Notes to the financial	statements

				General	Designated	Restricted	Total	Total
				funds	funds	funds	202i	2020
			Notes	E	E	E	E	E
Income from:
Donations, legacies and grants				200,139	2,880	32,398	235,417	161,755
Charitable activities				25,630			25,630	56,784
Other trading activities Investments Total income				388 940 5,99».850		3 398	388 1~840 28 2	4,692 21 200 2 3
Expenditure on:
Charitable activities				142,372	8,216	18,919	169,507	167,759
Other trading activities				1,244			1,244	4,193
Other - running and maintenance		costs
for rental properties				21,239			21,239	21,664
Total expenditure				164,855	8,216	18,919	191,990	193,616
Net income/(expenditure)
before transfers Gross transfers between	funds		6	81,142 ~92,635	(5,336) 93,899	13,479 ~1,264)	89,285	50,815
Net movement in funds				(11,493)	88,563	12,215	89,285	50,815
Fund balances brought forwards				56,067	2,052,158	5,389	2,113,614	2,062,799
Fund balances carded	forwards		17	44574	2,140,721	17604	2202899	2,113,614

FO	R THE YEAR ENDED 31	R THE YEAR ENDED 31	R THE YEAR ENDED 31	AUGUST	2021
3	Income from charitable			activities
						Unrestricted		Restricted		Total	Total
						funds f		funds f		2021 f	2020 f
	Camp fees					25	30			25 630	56 784
	2020 fund split					56	704				56 784
4	Trading activities
						Unrestricted		Restricted		Total	Total
						funds		funds		2021	2020
								f			f
	Sales of clothinq, tuck, ice creams etc Expenditure on raisinq funds: costs ofqoods sold					388 ~1244				388 ~1244	4,692 ~4193
	Net activities for other trading									856	499
	2020 fund split						499				499
5	Income from investments
						Unrestricted		Restricted		Total	Total
						funds f		funds f		2021	2020 f
	Property and land	rental	income			19	840			19840	21 200
	2020 fund split					21	200				21 2110
6	Expenditure on	charitable activities
					General	Designated		Restricted		Total	Total
					fund	funds f		funds f		2021	2020 f
	Camp equipment	and supplies			5,258					5,258	6,367
	Food and catering				28,775					28,775	32,087
	Repairs and maintenance				30,117					30,117	45,209
	Grounds costs				12,241					12,241	8,308
	Health ik safety				1,294					1,294	1,693
	Housekeepinq costs				8,900					8,900	8,930
	Office costs				14,467			18,619		33,086	11,665
	Utilities, council tax and		insurance		28,744					28,744	33,727
	Transport costs				3,640					3,640	4,392
	Miscellaneous				1,932					1,932	564
	Team expenses				5,791				300	6,091	9,594
	Depreciation										I,140
	Loan interest					1,637				1,637	1,817
	Bank charges and	interest			478					478	587
	Independent examination Legal and professional fees				735 142 372	6 ~8	579 21	~1	— 919	735 6 579 169507	735 944 167759
	2020 fund split				165942		817				167759

Taxation
As a charity,	The Oakes Trust (Sheffield)			is exempt	from tax on income		and gains	falling within	the available
tax exemptions to the			extent that these are applied		to its charitable	objects. No tax		charges have	arisen in the
Charitv.
Tangible fixed assets					Freehold			Fixtures
					land and	Leasehold		Fittings ik
					property	property		Equipment	Total
					E			E	6
Cost
At 1September 2020					2132576		710570	57D38	29D0 104
At 31August	2021				2132576		710570	57D38	29DD104
Depreciation
At 1 September 2020					289,820		43,307	57,038	390,165
Charge for the year
At 31August	2021				289020		43307	57030	390165
Net gook value At 31August 2021				~IQ~			667 263	-	2 ~1
At 31August	2020			~10 2756			667 263	—	2440~01
Debtors								2021	2020
								6	6
Fee debtors
Income tax recoverable								10,118	7,084
Other debtors
								10110	7 004
Creditors: amounts			falling due within	one year				2021	2020
								6	6
Trade creditors								14,307	2,547
Fee income received		in	advance					7,367	6,934
Accruals and	other creditors							735	735
Bankloan								5,006	5,006
Otherloans								25 200	25 200
								52615	40422

FOR	THE YEAR ENDED 31AUGUST 2	THE YEAR ENDED 31AUGUST 2	02	1
17	Analysis ofnet assets between funds
						Unrestricted			Designated		Restricted	2021
							funds			funds	funds	Total
							E				E
	Fund balances at 31August 2021 are represented				by:
	Tangible fixed assets									2,510,019		2,510,019
	Current assets						66,983			50,070	17,604	134,657
	Creditors: amounts falling due within one		year				(22,409)			(30,206)		(52,615)
	Creditors: amounts falling due after	more		than
	one vear						44 574			(389.162) 2 140721	tu8~	389162 2 2(22L8)8)
	Prior year comparisor&					Unreined					Rat(feted	2020
							funds				funds	Total
							E				E
	Fund balances at31August 2020are repnsented				byr
	Tangible fixed assets Curn.nt assets						6',283			2,510,019	5389	2,510,019 71,672
	Craddorsi amounts faginq due within one		year				00,21O)			f30,206)		('40,422)
	Qaditorsi amounts falling due alter more			than
	one year						58062			427655 2052358		427655 2323 624
18	Related party transactions
	Paul German, a trustee until 9 March	2021,		made		interest free		loans		in 2013 and	2017. E5,700	was repaid
	during the year and the balance of all	these		loans		at	31 August	2021		was E98,100(2020: E103,800). These
	loans are interest free and are reoavable		bv monthlv			instalments.
	Jo Hopkins, a trustee, and her husband	made		interest			free loans	in	1998and 2005.		Enil was repaid	during the
	year and the balance ofthe loans at 31		August		2021		was E22,500		(2020: E22,500).The loan is interest free
	and repavable in instalments after 12months			of	the	lender giving		notice.

FO	R THE YEAR ENDED 44439
19	Statement ofFinancial activities - prior	veer comparison
				21
		unrustdctad	Oesianated	Restricted		Unrestncted	Desiqnated	Restricted
		funds	firirtla	funds	Total	fuiids	funds	funds	Total
		E	E	E	E	1	1	E	1
	tncome from:
	Donations, leoaoes ahd arants	20D,139	2.880	32,398	235.417	159,923		L832	161.755
	Charitable activities	25,63D			28.630	56.784			56.784
	Other tradinil activibes	388			388	4,692			4.692
	Investments	19840			19840	21200			21200
	Tatal income	245997	2880	32398	281 278	242 599		1832	244431
	expenditure ohr
	Charitable activsies	142,372	8.216	18.919	169.507	165,942	1,817		167.759
	Other tradino activities	1,244			L244	4,193			4,193
	Other - utilities, council tax and insurance
	for rental properties	21,239			2L239	21,664			21,664
	Total expenditure			18919	~tggg	191799	I817		193616
	net income/(expenditure)
	before transfers	81,142	(5,336)	13,479	89.285	50.800	(1,817)	1.832	50.815
	Gross transfers hehveen funds							3557
	Net mowenent In funds	(11,493)	88,563	12.215	8%288	(1.315)	46,741	5.389	50.815
	Fund balances broupht forwards	56,067	2,052,158	5,389	2,113,624	57.382	2,D05,417		2.062,799
	Fund balances carried forwards