Company Registration Number: 03364486
Charity Number: 1064155
THE OAKES TRUST (SHEFFIELD)
REPORTS AND UNAUDITED FINANCIAL sfATEMENTS
YEAR ENDED 31 AUGusf 2024

THE OAKES TRusf (SHEFFIELD)
CONTENTS
Page
Reference and administrative details
Tru5tee5' report
Independent examiner's report
ststement of financial activities
io
Balance sheet
li
Statement of cash flows
12
Notes to the financial statements
13-22

THE OAKES TRusf (SHEFFIELD)
LEGAL AND ADMINISTRATION INFORMATION
The Oake5 Trust (Sheffield) is also known a5 The Oakes Holiday Centre.
Legal status
The Oakes Trust (Sheffield) is a company limited by guarantee and a registered charity:
Charity number
Company number
1064155
03364486
Directorsltrustees
Anthony Fisher
Jo Hopkins
Stephen Wilkinson
Helen HaNey
Ian Burton
Ross Graham
Andrew Toward
Chairman
App)inted 23 September 2024
Key management
Daniel Thaw
Billie Thaw
Non-company Director
Non-company Director
Registered Office
The Oakes
Oakes Park
Norton
Sheffield
S8 8BA
Accountants
Seven Hi115 Accountsnts Limited
57 Burton Street
Sheffield
S6 2HH
Bankers
Solicitor
Virgin Money
Fargate
Sheffield
SI 2HE
Ellis-Femior & Negus
5 Market Place
Ripley
Derbyshire
DE5 3BS
Page I

THE OAKES TRusf (SHEFFIELD)
TRUSTEES. REPORT
FOR THE YEAR EJVDED 31 AUGUST2024
The trustees are pleased to present their annual directors, rep)rt together with the consolidated financial
statements of the charity for the year ended 31 August 2024 which are a150 prepared to meet the
requirements for a directors, report and accounts for Companies Act purwses.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and
Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
Objectives and Aims
The charity's objects are to advan￿ the Christian faith and to promote and fulfil such other charitable
purposes beneficial to the community in such areas a5 the charity may from time to time be operating.
The aim of The Oakes Holiday Centre is thr￿fOld. To provide a holiday ￿ntre where 8-18 year olds can:
hear the Christian message
be encouraged in their faith
enjoy a great holiday
Holidays are held for various ages at which the Christian message is presented clearly. The Oakes Trust is
committed to providing children and young people with the opportunity to hear, discuss and ask questions
about what Christianity is, who Jesus is, and what he did and said. There are two meetings per full day plus
a small group discussion time. The meetings involve music, drama, games, quizzes, small group work as
well as dirert teaching.
The young people come from a broad spectrum of beliefs including other faiths and no faith. For some they
have never had Christianity explained to them before and some describe themselves as committed
Christians. For these The Oakes tries to give encouragement and help in living out their faith. The centre is
open to anyone who wishes to attend from whatever background, belief or ability.
Holiday fees are kept to a minimum, with donations making up over half of regular income, to enable
maximum participation. There is a Holiday Fund to ensure that sub5idised places are available to anyone
who requires financial assistance to enable them to tske part in a holiday.
When planning the activities for the year, the trustees have considered the Commission's guidan￿ on public
benefit and, in particular, the specific guidance on charities for the advancement of religion and on fee-
charging.
How the centre runs
The activities undertaken during a typical holiday are designed to help children and young people to develop
a range of abilities, and personal and social skills. Initiative games, Team Building stations, a Climbing Wall
and the Ropes course promote team worK problem solving and confidence. Archery and Axe Throwing are
often new skills for many. Remote Control Cars encourage5 another new Skill and cooperation as they work
in pairs to keep the cars on the track. Rafting and Tunnels cover all the aEx)ve with the added pre55ure of
different environments to cope with i.e. water and being underground.
Page 2

THE OAKES TRusf (SHEFFIELD)
TRUSTEES. REPORT- continued
FOR THE YEAR EJVDED 31 AUGUST2024
By taking children from eight years old The Oakes is often their first overnight trip away from home. This
experience can greatly boost a child's self-confidence and help them as they grow up. The young people will
mix with children from different backgrounds and areas often having to work with them to achieve a task.
This helps social cohesion in the short and long term.
Working with schools provide5 all of this for their pupi15 With the added bonus of a clear explanation of
Christianity fitting in with the RE curriculum, the PSHE and Citizenship syllabus and the current emphasis on
community cohesion and learning outside of the classroom. To quote one school'5 presentation to parents
about their trip to The Oakes...
The Children s Plan reinfor￿5 the fwe aims of Every Child Matters and leaming outside the classroom has
clear links to every one of these outcomes. Participatson not only encourages heathy lifestyles it develops
the personal attributes and soaa/ski/ls that are vital for achÉvement social inclusion, responsible cibzenship
and enterprise and employability. It also helps young people to kam to manage risk. -
A visit to The Oakes develops these personal attributes and social skills for all of the young people and so
has long tem benefits as well.
Dan and Billie Thaw have overall responsibility for The Oake5 whilst the day to day running of the centre is
oVers￿n by the Programme Manager - who deals With the daily organisation of the holidays. The Team
Care Manager is responsible for the well being of the Impact (gap) Team and Residential Trainees (a second
year post Impact Team with greater responsibilities). The Discipleship Manager is responsible for the
spiritual development of Team members. The Operations Manager and Administration Manager are in charge
of all "behind the scenes" operations. These roles make up the Senior Leadership Team (SLT),
responsible to the TrUSt￿s. All Staff are responsible to one of the SLT.
A new (usually multinational) "Impact Team" (gap year) signs on annually to live at The Oakes and work
on the holiday5. The Impact Team also help the Staff to plan and prepare new activities, maintain the house
and grounds, and receive training in a wide spectrum of areas including food hygiene, lifesaving and first
aid, and theological training to enable them to teach and guide the young people. No Stsff, Impact Team or
Residential Trainee members r￿1ve money from The Oakes.
There is also a Support Team which help5 With the holiday5. They are generally ages 15-18, and living at
home in Sheffield or nearby. They sign up for various holidays throughout the year staying on site during the
holidays to help with back-up job5 such a5 cleaning and setting up attivities. They will also have the
opportunity to gain experience working with children and young people under supeNision.
In nomal times the centre greatly benefits from part-time volunteers who come in at least one day a w￿k
to cover tasks such as bookkeeping, Co￿e5￿K)nden￿, holiday bookings, special projects, maintenance work
and gardening.
Page 3

THE OAKES TRusf (SHEFFIELD)
TRUSTEES. REPORT- continued
FOR THE YEAR EJVDED 31 AUGUST2024
Achievements and Performance
The Oakes had a fully booked calendar for 2023-24. We ran 40 holidays. The Summer holidays were fully
booked by June 2024 and a Mums & Daughters holiday LKM)ked in 24 hours. Schools and groups are often
booking for the next year before leaving The Oakes.
A strategic plan was develop￿ during the 2020 bckdown. The six areas of the Strategic Plan are:
l. Young people hearing the Christian message:
1,983 young people heard the Christian message from September 2023 August 2024 over 40 holidays.
This is an increase from the last year (2022-2023) which was 1,942. Holidays are typically in the age
categorie5 of 8-11, 10-14, 11-15 and 14-18, whilst over 15,5 are a150 encouraged to get involved by joining
the Support Team which help5 behind the scenes during the holidays.
9 weekend holidays were held during the 12 months to 31 August 2024. Some of these typically involve two
or three Sunday schools or youth groups plus friends, and they are brought by their leaders. The majority of
young people come from within one hourfs driving distance, for example Leeds, Nottingham, Leicester, Hull
and Sheffield itself. Some travel from further afield including groups from Newcastle and Cambridgeshire. 4
of the weekends in this year were parenvchild (Mums and Daughters, Dad5 and Lads) weekend5. These are
proving very popular and book up within days.
11 holidays of belmeen 3 and 5 days duration were held during the school holidays. Individuals or small
clusters of friends book independently of leaders. We are always really encouraged to welcome back young
people who have visited before with groups. During the summer there were 7 holidays which saw 398 young
people hear The Christian message.
The holiday5 bring young people together from diverse 5(Kial background5 for example a group from a
deprived area of Sheffield with those from Peak Distrirt villages.
During this 12 month pericKI there were 20 school residentials. A clear presentation is given of what
Christians believe, as part of the National Curriculum, and The Oakes works in partnership with the school to
adhere to school guidelines. These school trips also encourage communitylsocial cohesion, provide "Learning
outside the Classroom" adventurous activitie5 and develop team work 5ki115. A number of children from
other faith backgrounds came on these residentials. These schoo15 varied from, for example, Harris
Academy, Rugby (a secondary school) in an urban priority catchment to local Sheffield primary schools.
2. Young people encouraged in their faith:
Over the year young Christians will come on holidays and get encouragement from the meetings and small
group times as well as from interacting with members of The Oakes team and other young Christians.
The over 15's are encouraged to get involved by joining the SuppK)rt Team which helps behind the scenes
during the holidays. There were 18 residential holidays with 32 Supwrt Team during September 2023
August 2024. Many of these retumed to help multiple times. They will also join in with Staff prayers and
have bible study times. Being on the Supp)rt Team has proved to be the main source of encouragement for
many young Christians who are not part of a church youth group.
Team members doing a gap year have regular study day5 throughout the year, often with outside speakers
and the opportunity to attend conferences. They are encouraged to study the bible and live out their faith in
their daily lives.
Page 4

THE OAKES TRusf (SHEFFIELD)
TRUSTEES. REPORT- continued
FOR THE YEAR EJVDED 31 AUGUST2024
3. Young people enjoy a great holiday:
Over the year many young people have enjoyed a great holiday. The Oakes does not advertise and is
recommended by word of mouth. Success for us is whether or not young people want to come back and
want to bring friends t¢JO. This is what happens. A gLX)d indicator is the feedback we receive. After each
holiday the children and their leaders fill out feedback fomi5.
The Holiday Fund provide5 for those who cannot afford full holiday fee5. Thi5 meant that 22 individual
bursaries (£1,784) were awarded. Without this help these young people may not have had a holiday. In
some cases it has provided respite for single parents and carers for children with special needs, including
Autism and Attention Deficit Disorder. In some cases it is giving a holiday for young carers.
4. Team equipped, developed and valued:
The training programme for the Gap Year programmes (Impact Team and Residential Trainees) are
reviewed annually and follow the programme mentioned above. Staff training thi5 year continued to focus on
support raising and budget setting, guided by the trust￿.
5. Growing similar ministries:
The Non-company dirertors have received information on several potential sites where a new centre might
be located. One in particular led to detailed thought and an understanding of the need to have potential staff
members at The Oakes trained up to a level where they could leave to work at a different ￿ntre. There will
also be a need for gcrf)d governance. The Oakes already has this in place and continues to review
governance on an ongoing basis. Potential sites near Doncaster and Inverness were explored. Whilst neither
were purchased the prO￿sS of I￿king at the feasibilty and preparing bids tsught valuable lessons. The
search continues.
6. Developing and building an active supporter base:
Mailings, updating supporters, go out twi￿ a year, an annual letter of thanks is sent to financial supporters
and monthly prayer notes are shared with prayer supporters. Social media is also used to highlight more
immediate holidays and events.
The book "A Story to Tell- written by Billie Thaw sharing the story of GCKI working through The Oakes has
proved very popular. Over 2500 copies have been distributed. The response continues to be very positive
and the story of The Oakes has been spread.
Work on house and grounds:
The Facilities Improvement Plan, which came out of the Strategic Plan, is proving to be successful helping
with planning and budgeting.
Major work included the creation of a new activity, Axe Throwing. The Mudder and Ropes course were both
improved by replacing obsatcles with new ones. A solar system for lighting the path to the bonfire was fitted.
Both driveways had significant work done on them improving aC￿s. 8, The Oakes was re-roofed and The
Gardners Cottage had a new kitchen fitted.
Operational Review
Two new roles of Administration Manager and New Centre Manager were filled in early 2024-25. The
Administration Manager will strengthen the work being done behind the scenes and the New Centre Manager
will work alongside other managers to learn how a ￿ntre runs. This will be in preparation to run a new
ntre. There will also be a review of how the Team department is structured. The weekly stsff
Communcations Lunch continue5 to prove important in improvinging communications between staff. There
has been on-going support from the trustee5 to help staff with their support-raising.
Page 5

THE OAKES TRusf (SHEFFIELD)
TRUSTEES. REPORT- continued
FOR THE YEAR EJVDED 31 AUGUST2024
Financial Review
The Trust gives thanks for the generous supporters who continue to give towards the work, with sufficient
funds available at all times. Monthly repayments on the long tem interest fr￿ loans continued to be made
reducing the overall amount.
The Statement of Financial Artivities for the year 15 set out on page 9 of the financial statements. Income
for the year amounted to £619,421 (2023: £494,127) which includes a non-cash legacy of £125,000. The
main regular income sources are donations and camp fees. Total expenditure amounted to £448,984 (2023:
£366,370). Net movements in funds for the year was a surplus of £170,437 (2023: surplus of £127,757)
resulting in net assets at the year*nd of £2,586,196 (2023: 2,415,759). In 2023 the surplus on the general
fund before transfers was £52,923 (2023: 54,544).
The continued Surplus of general fund5 over the past few years (due to the generousity our supporters) has
allowed the trustees to Set aside some of the surplu5 towards future plan5, in designated funds. This
financial year, the trustees set aside money forfuture loan repayments.
The above, and other loan repayments made in the year, were transferred from general funds, so there was
a surplus after transfer5 of £2,507 on the general fund (2023: surplus of £19,049.)
Reserves
The trustees review the Reserves Policy each year and continue to adopt a risk-based approach to the level
of reserves held, while trusting God for funds to be received when there is a particular need or large project.
It is considered reasonable for the target level of reserves to be in the range of £20,000 to £45,000 in view
of the fact that rese￿e5 will flurtuate during the year, takj'ng account of the levels of cash flow and the
seasonal nature of the main activities of the Holiday Centre.
Properties and associated loans are set aside in a designated fund as described in note 14. The balance as at
31 August 2024 was £2,401,619 (2023: £2,257,419). The accounting value of the vehicle is also set aside in
a designated fund - the accounting value at the year end held in this fund was £17,480 (2023: £21,848). As
noted in the financial review, the trustees have also set aside other designated funds towards specific future
expenditure - as at 31 August 2024 the balance held as cash was £53,702 (2023: £39,500).
Free reserves at 31 August 2024 were £46,668.
Plans for Future Periods
There is on-going strong demand. Enquiries from schools and groups regulary have to be turned down.
There 15 a fully booked calendar for the year ahead with a waiting list for schools and church groups. The
Strategic Plan will continue to be implemented and work on being ready to start a new centre in 2025 will
continue.
In September 2024 the Oakes purchased no I, wrth assistan￿ from donations and interest free loans.
Another loan has been given until the Lodge is sold, the proC￿S of which will be used to repay this loan.
In 2024-25 we aim to submit a site wide planning application to ShefField City Council. This will allow u5 to
plan for future developments. N05. 10 and 11 The Oakes will be r￿rC￿1fed in Mayljune 2025.
Page 6

THE OAKES TRusf (SHEFFIELD)
TRUSTEES. REPORT- continued
FOR THE YEAR EJVDED 31 AUGUST2024
Structure, Governance and Management
Governin
document
The charity is a company limited by guarantee. The charity was incorporated on l May 1997 and registered
as a charity on 28 August 1997. The company is govemed by its Memorandum and Articles of A550ciation.
Trustees
Potential new trustees are considered and, where appropriate, invited to join the board. A new trustee with
financial experience has joined the board. New trustees are inducted in the structure of the trust and the
requirements on them as trustees. Trust￿ training is delivered via Stewardship seminars and when specific
needs arise e.g. new legislation or Charity Commission guidan￿.
The trustee5 continue to implement change initiated by the Truscott management review and now
incorporated and built uwn within the Strategic Plan.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the
company and guarantee to contribute £10 in the event of a winding up. All trustees give of their time
voluntarily and receive no benefits from the charity.
anisational Structure
Dan and Billie Thaw have overall responsibility for The Oakes whilst the day to day running of the centre is
overs*n by the Programme Manager, Team Manager and Operations Manager, who meet regularly as the
Senior Leadership Team. Strategic decisions concerning the long-tem direction of the trust are taken by the
trustees.
Risk mana
ement
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems
are in place to mitigate exposure to the major risks. The major risks to which the charity is exposed, as
identified by the trustees, are reviewed annually (or s￿ner if the need arises) as are the management
procedure5 for these risks.
Page 7

THE OAKES TRusf (SHEFFIELD)
TRUSTEES. REPORT- continued
FOR THE YEAR EJVDED 31 AUGUST2024
Trustees. responsibilities in relation to the finanaal statements
The charity trustees (who are also the directors of the Oakes Trust (Sheffield) for the purposes of company
law) are responsible for preparing a trustees, annual report and financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true
and fair view of the state of affairs of the charitable company and the group and of the incoming resources
and application of resources, including the income and expenditure, of the charity for that period. In
preparing the financial statements, the trustees are required to:
select suitable accounting policies and then app￿ them consistently;
obseNe the method5 and principles in the Charities SORP;
make judgements and estimate5 that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity
and hence taking reasonable Steps for the prevention and detection of fraud and other irregularities.
Small cornpanies regime
The company has taken advantage of the small companies, exemption in preparing the rewrt above.
The trustees declare that they have approved the trustees, report on 16 June 2025.
Signed on behalf of the Ex)ard by:
Anthony Fisher
Trustee
Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE OAKES TRusr
(SHEFFIELD) ("THE COMPANY")
I report to the directors on my examination of the accounts of the Company for the year ended 31 August
2024.
Responsibilities and basis of report
As the directors of the Company you are re5wnsible for the preparation of the accounts in accordan￿ with
the requirements of the Companies Act 2006 Cthe 2006 Act?.
Having satisfied myself that the accounts of the Company are not required to be audit&J under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
company's accounts as carried out under sertion 145 of the Charities Act 2011 ('the 2011 ACV). In carrying
out my examination I have followed the Directions given by the Charity Commission under section 145{5)
(b) of the 2011 Act.
Independent examinerfs statement
Since the Company'5 gr055 income exceeded £250,000 your examiner must be a member of the body listed
in section 145 of the 2011 Act. I confimi that I am qualified to undertake the examination because I am a
member of the Institute of Chartered Accountsnts in England and Wales, which is one of the listed ￿)dIeS.
I have completed my examination. I confimi that no matters have come to my attention in connection with
the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386 of the 2006
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Art other
than any requirement that the accounts give a 'true and fair view which is not a matter considered
as part of an independent examination. or
4. the accounts have not b￿n preparéd in accordance with the methods and principles of the
statement of Recommended Practice for accounting and reporting by charities applicable to
organisation5 preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
I have no COn￿rn5 and have come across no other matters in connection with the examination to which
attention should be drawn in this re￿rt in order to enable a proper understanding of the accounts to be
reached.
Susan Cochrane FCA, DChA
Seven Hi115 Accountsnts Limited
57 Burton Street
Sheffield
S6 2HH
17 Jun 2025
Date:
Page 9

THE OAKES TRUST (SHEFFIELD)
STATEMENT OF FINANCIAL AcfIvITIES
(INCORPORATING THE INCOME AND EXPENDrruRE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
General
funds
Designated Restricted
funds
funds
Total
2024
Total
2023
Notes
Income from:
Donations, legacies and grants
Charitable activities
other trading activities
Investments
other sources
Total income
204,803
208,140
10,969
19,958
125,000
48,798
378,601
208,140
10,969
19,958
1,753
619,421
266,808
193,506
11,933
21,880
+F5,623
125,000
48,798
494,127
Expenditure on:
Charitable activities
Other trading athvities
other- running and Maintenan￿ costs
for rental properties
330,872
7,398
8,166
33,118
372,156
7,398
336,011
11,904
54,430
15,000
69,430
18,455
Total expenditure
392,700
23,166
33,118
+18,984
366,370
Net incomel(expenditure)
before transfers
Gross transfers be￿een funds
52,923
(50,416)
101,834
52,200
15,680
(1,784)
170,437
127,757
17
Net movement in fvnds
2,507
154,034
13,896
170,437
127,757
Fund balances brought forwards
44,161
2,318,767
52,831
2,415,759
2,288,002
Fund balances carried forwards
18
46,668
2,472,801
66,727
2,586,196
2,415,759
The statement of financial activitEs also complies wrth the reqU1￿ments for an incimne and expenditure account under the
Companies Act 2006.
The statement of financial artivit￿5 includes all gains and b)sses recognised in the year.
All income and expenditure derive from continuing activities.
Page 10

THE OAKES TRUST (SHEFFIELD)
BALANCE SHEEr
AS AT 31 AUGUST 2024
2024
2023
Notes
Fixed Assets
Tangible Assets
li
2,652,499
2,531,867
Current Assets
Stocks
Debtors
Cash at bank and in hand
5,257
8,660
215,813
229,730
2,788
9,142
155,821
167,751
12
Creditors: amounts due within one year
13
(69,833)
(38,459)
Net current assets
159,897
129,292
Total assets less current liabilities
2,812,396
2,661,159
Creditors: amounts falling due after more than one year
14
(226,200) (245,400)
Net assets
2,586,196
2,415,759
The funds of the charity:
Unrestricted fvnds
General fund
Designated funds
46,668
2,472,801
2,519,469
66,727
2,586,196
44,161
2,318,767
2,362,928
52,831
2,415,759
15
Restricted fvnds
Total charity funds
16
18
The company is entttled to the exempkn'on from the audit requirement contsined in seciion 477 of the Companies Act 2006,
for the year ended 31 August 2024. The members of the company have not required the company to obtsin and audit in
accordance with sethon 476 of the Companies Act 2iJ)6.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Att with respect to
accountinq records and the preparation of accoun
These accounts have been prepared in accordan￿ with the provisions applicable to small companies subjett to the small
companies reoime and in accordan￿ with FRS102 SORP.
The accounts were approved by the Board on 16 June 2025
Signed on behalf of the Board by:
Anthony Fisher
Trustee
Company Registration Number: 03364486
Page 11

THE OAKES TRUST (SHEFFIELD)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Net incomel(expenditure) for the year (as per the SOFA)
170,437
127,757
Adjustments for:
Depreciation
Investment income - bank interest
Investment income - rentsl propety income
Investment costs - rentsl property
Loan interest accrued
(Increase)/decrease in stock
(Increase)/decrease in debtors
Increase/{decrease) in creditors
Loan waiver
Non-cash legacy
4,368
(1,338)
(18,620)
69,430
1,150
(21,880)
18,455
1,269
(552)
3,135
686
(22,500)
(2,469)
482
31,374
(125,000)
Cash flows from operating activities
Net cash provided byl(used in) operating
activities
128,664
107,520
Cash flows from investing activities
Investment income - bank interest
Investment income - rentsl propety income
Investment costs - rentsl property
Purchase of vehicle
Net cash (used in)Iprovided by investing activities
1,338
18,620
(69,430)
21,880
(18,455)
(22,998)
(49,472)
(19,573)
Cash flows from financing activities
Repayment of borrowing
Net cash provided byl(used in) financial activities
(19,200)
(62,996)
(19,200)
(62,996)
Change in cash and cash equivalents
59,992
24,951
Cash and cash equivalents at the beginning of the year
155,821
130,870
Cash and cash equivalents at the end of the year
215,813
155,821
Page 12

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGusf 2024
Accounting policies
Basis of preparation
The Oakes Trust (Sheffield) is a chartiable company in the United Kingdom limited by guarantee. In the event that the
charity is wound up, the liability in respert of the guardntee is limited to £10 member of the charity. The address of
the registered office is gNen in the charity infomiab.on on page l of these financial statements.
The financial statements have teen prepared in accorda[￿e wtth the Ststement of Recommended Practice.. Accounting
and Reporting by Charities preparing their accounts in accordance the Financial RepNJ￿ng Standard applicable in the UK
and Republic of Ireland (FRS 102) (second edition), the Financial ReForknng Stsndard applicable in the United Kingdom
and Republic of Ireland {FRS102) and with the Chartknes Act 2011.
The charity meets the definition of a public benefrt entity under FRS 102. The financial statements a￿ prepared under
the historical cost convention. The financial statements are presented in sterling which is the funcknonal currency of the
charity and are rounded to the nea￿$t £.
b)
Income
Income is recognised when the charity has entitkment to the funds, any perf0mlan￿ conditions attached to the item{s)
of income have been met, rc is probable that the income will be receive(i and the amount can be measured reliably.
Donations are recognised as income when receivable. ex￿pt insofar as they are incapable of financial measurement.
Income tsx recoverable in relation to donations re￿Ned under grft aid is rec(wJnised at the time of the donation.
Legacy income is recognised as the earlier of the date on which the charity is aware that probate has been granted, the
estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be
made. or when a distribution is received from the estate. If the legacy is in the fomi of an asset other than cash or an
asset listed on a recognised strKk exchange. recognition is subj'ect to the value of the asset being able to be reliably
measured and title to the asset has passed to the charity. Where ￿aCleS have IRen notified to the charity or the charity
is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated
as a contingent asset.
Income from charitable activities is included in the year in which the activity takes place. Income from trading activities is
recc*]nised as earned.
Expenditure and Irrecoverable VAT
Expenditure is recognised On￿ there is a legal or construcbve obligation to make a payment to a third party, it is
probable that settlement will be required and the amount of the obligation can te measured reliably. Irrecoverable VAT
is included within the cateqory of expenditure it relates to.
d)
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreaation. A de Minimis limit on capitalising items
has been set on individual items at £1,000. Depreciation is provided at rates calculated to write off the cost less
estimated residual value of each asset over its ex￿ed useful life. as follow5:
Fixtures, fittings & equipment:
209/0 Straight line
Motor Vehides..
20910 reducing balan
Freehold buildings. and
It is the w)licy of the charity to maintain prO￿rtIeS to such a standard
Leasehold property
that their value is not impaired by the passage of time. The residual value
is similar to it's initial cost therefore depreciation would be immaterial.
No depreciation is provided in respect of freehold land. An impaimient review is cariied out annually on freehold land and
buildings and leasehold properties.
Page 13

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGusf 2024
Accounting policies - continued
Stock
Clothing stock is valued at the h)wer of cost arKI net realisable value.
Debtors
Trade and other debtors are recryJnised at the setuement an￿Unt due after any trade discount offered. Prepayments
are valued at the amount prepaid net of any trade discounts due.
Creditors
Creditors and provision5 are recognised where the chanty has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are nomialty recognised at their settiement amount after allowing for any
trade discounts due.
h)
Financial instruments
The trust only has financial assets and financial liabiltbes of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at trdnsaction value and subsequenuy measured at their settlement value
with the exception of bank loans which are subsequently measured at arr￿)￿sed cost using the effective interest method.
Accumulated funds
General funds are expendable at the discretion of the trustees in furtherance of the objectives of The Oakes Tnjst.
Designated fund5 comprise funds which have been set aside at the dI￿retiOn of the trustees for specific purposes. The
purposes and uses of the designated funds are set out in the notes to the accounts.
Restrirted fund5 are 5ubjett to specific conditrons by donors as to how they may be used. The purposes and uses of the
restricted funds are Set out in the notes to the accounts.
i)
Going concern
The financial statements have been prepared on a going concem basis as the trustee5 believe that no material
Un￿rtaIntieS exist. The trustees have considered the ￿e1 of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is
suffficient with the level of reserves for the charity to be ab￿ to conts.nue as a ooinq concern.
Income from donationsi legacies and grants
General
funds
Designated Restricted
funds
funds
Total
2024
Total
2023
Donations
Grants
Legacies
Loan waiver
204,803
45,798
3,000
250,601
3,000
125,000
238,683
125,000
125 000
378 601
266 808
2023 fund split
266 808
Income from charitable activities
Total
2024
Total
2023
funds
funds
Camp fees
208 140
208 140
193 506
2023 fund split
193 506
Page 14

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGusf 2024
Trading activities
Totsl
2024
Total
2023
funds
funds
Sales of clothing, tuck, ice cream5 etc
Expenditure on raising funds.. costs of gojds sold
Net activities for other trading
10,969
10,969
11,933
29
2023 fund split
29
29
Income from investments
Total
2024
Total
2023
funds
funds
Property arKI land rentsl income
Bank interest
18,620
18,620
21,880
2023 fund split
Expenditure on charitable activities
General
fund
Designated Restricted
funds
funds
Total
2024
Total
2023
Note
Camp equipment and supplies
Food and catering
Repairs and maintenance
Grounds costs
Health & safety
Housekeeping costs
offi￿ costs
utilities, council tax and insurdnce
Transwirt Costs
Miscellaneous
Team expense5
Loan interest
Bank charges and interest
Depreciation
ort costs
Independent examination
Legal and professional fees
15,437
96,178
63,765
26,897
2,250
11,939
25,574
64,126
4,589
867
15,811
15,437
96,178
92,815
26,897
2,250
11,939
27,480
64,126
4,589
873
16,467
18,265
95,825
58,208
32,062
4,014
12,157
19,100
55,748
6,494
186
25,324
1,269
2,257
1,150
29,050
1,906
656
2,282
2,282
4,368
4,368
1,080
1,080
870
330 872
372 156
336 011
2023 fund split
330 307
336 011
Trustee remuneration and expense& and the cost of key management
The trustees were not paid or received any other beneffts from empk)yment with the Charity in the year (2023.. £nil)
neither were they reimbursed expenses during the year (2023: £nil). No charity trustee received payment for
professional or other services supplied to the charity 12023: £nil).
Key management comprise the trustees and the non-company director. There were no financial benefits of the key
management personnel other than those detailed a￿Ve.
See note 19 for further trdnsaLtions related to Trustees and key management.
Page 15

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGusf 2024
Independent examination fees
2024
2023
Independent examination fee
870
Other fees were payable to the independent examiner's organisation were:
Other servi￿5
324
270
Employees
There were no employees during this year or the prewous year.
io
Taxation
As a charity, The Oakes Trust (Sheffiekl) is exempt from tax on income and gains falling within the available tax
exemptions to the extent that these are applied to ILS chartiable objects. No tsx charges have arisen in the Charity.
li
Tangible r￿ed assets
Freehold
land and
property
Fixtures
Fittings &
Equipment
Leasehold
property
Motor
Vehicles
Total
Cost
At I September 2023
Additions
At 31 August 2024
2,132,576
710,570
125 000
57,038
22,998 2,923,182
125 000
22 998 3 048 182
2 132 576
Depreciation
At I September 2023
Charge for the year
At 31 August 2024
289,820
43,307
57,038
1,150
391,315
289 820
Net Book value
At 31 August 2024
1842 756
17 480 2 652 499
At 31 August 2023
1842 756
2 531867
The properties occupied by team are deemed mixed use (so not cla￿rfed as investment properties) but the income and
expenditure relating to these is split out for transpare￿.
12
Debtors
2024
2023
Fee debtors
Income tax recoverdble
4,529
13
Creditors: amounts falling due within one year
2024
2023
Trade creditors
Fee income received in a¢fvan
Accruals and other creditors
Other loans
47.851
13.797
985
16,653
13,871
735
Page 16

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
14
Creditors: amounts falling due after more than one year
2024
2023
Other h)ans
226 200
226 200
245 400
245 400
Loans not wholly repayable within five years other than by instalments:
Loans not wholly repayable within five years
Loans wholly repayable within five years
35,400
198 000
233,400
42,600
210 000
252,600
Loans induded in current liabilities
226 200
245 400
Financial instruments
Loans due in one year or less
Loans due in more than one year but not more than two years
Loans due in more than two years but not more than five years
Loans due in more than fNe years
7,200
54,200
136,600
7,200
66,200
136,600
233 400
252 600
Financial instruments measured at amortised cost comprised the bank loan provided by Triodos Bank, which is secured
against 14 The Oakes and has a variable interest rate, and interest free loans from individuals. The Triodos Bank loan
was ful￿ repaid in the year.
15
Designated funds
The income funds of the charity indude the following designated funds which have been set aside out of unrestricted
funds by the trustees for SLECif￿ pUr￿)Se5.
Funds
blfvld
Funds
clfvid
Income
Expenditure Transfers
Land and buildings
Vehicle
Planning consultancy
Future loan repayments
Building repairs and development
2.257.419
21.848
5.000
19.500
15.000
125.000
19.200
2.401,619
17,480
1,202
52.500
(4,3681
(3.7981
33.000
(15,000)
2 318 767
125 000
2 472 801
Land and buildings
The land and property owned by the Oakes, and the bjans tsken out to fund their purchase, are treated as designated to
give a clearer picture of the unrestricted fr￿ reserves of the chanty. The trdnsfer during the year represents property
and loan movements as explained in note 16.
Vehicle
The purchase and depreciation of a team vehicte - treated as designated to gtve a clearer picture of the unrestricted free
reserves of the charity.
Planning consultancy
Monies set aside towards retro5[￿tive and fuiure planning apFlications for the whole site.
Future loan repayments
Funds are being set aside towards future loan repa￿nents. £33,0(M) was set aside this year.
Building repairs and development
Cosuy roof and other repairs are required across the stte. £15,0￿ vR5 spent on roof repairs this year.
Page 17

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGusf 2024
15
Designated funds - continued
Pnoryearcomparison
Funds
b/fwd Incon￿ E¥penditure Trdnsfers
Funds
Landandbuildings
Planning consultancy
Roofrepairs
Future loan repayn7ents
Suildinq repairs and developn7ent
2 173,192
(1,269)
(1,150)
(1,426)
62,996 2 257,419
22,998
21,848
5,000
19,500
15,000
1,426
(20,500)
(15,000)
22*14 618
55 494 2 318 767
16
Restrirted funds
Funds
blfvld
Funds
clfvid
Income
Expenditure Transfers
Holiday fund
20 year anniversary t￿k
PA and visuals
Roof fund
Lodge extension
New premises
Home office set up
Nol
Other
12.509
1.494
4.147
29.050
5.625
2.998
(1.784)
13,723
1,494
4.147
(29.050)
5,625
1,300
438
40,000
2.800
3.000
40.000
(1,5001
(2.562}
(61
Holiday fund
The fund represents monies given to the Trust to provide holidays for free or at a reduced cost in cases of financial
hardship. The Trust has provided discounted or free holiday pkices totalling £1,784 this year, therefore this amount has
been transferred to the qeneral fund.
20 year anniversary book
Monies given toward the production of a 20 year annNersary ￿￿k, printed during 2020-21. Remaining funds will go
towards the audio boKJk and any reprints.
PA and visuals
Monies raised as part of the 21st Birthday appeal to be spent on PA and visual5.
Roof fund
Monies given towards Ma￿)r r￿f repairs of the centre and other owned properties - ful￿ stent in the year.
Lodge extension
Monies given towards the planned kKlge extension.
New premises
Monies given towards the search for a site for a new centre.
Home office set up
A grant gwen towards the home Offi￿ set up for the new centre manager.
Nol
Given to allow the release of the designated fund loan repayment to contribute towards the purchase of no l.
Page 18

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGusf 2024
16
Restricted funds - continued
Pnoryearcomparison
Funds
b/fwd Incon￿ E¥penditure Trdnsfers
Funds
Hol￿&Y fund
20 year anniversary Lwk
PA and wsuals
Car appeal
Facilities appeal
Roof fund
Lodge eXtens￿n
Other
11,836
1,985
(1,312)
12,509
1,494
4,147
(795)
4,147
18,687
(18 687)
(1,000)
29,050
5,625
70
17
Transfers
Transfers to/(from) the
general fund
Restrirted funds:
Holiday fund
Use of twrsaries
1.784
Designated funds:
Interest free loan repayments
(19.200)
Future loan repayments - set aside
(33,000)
Transfer to/(from) the general fund consists of:
Holiday fund
Loan repayments financed by free reserves
Future loan repayments - set aside
1,784
(19,200)
(33,000)
Page 19

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGusf 2024
18
Analysis of net assets between funds
Unrestricted Designated Restricted
2024
funds
funds
funds
Total
Fund balances at 31 August 2024 are represented by:
Tangible fixed assets
Current assets
Creditors.. amounts falling due within one year
Creditors.. amounts falling due after more than one year
2.652.499
53.702
(7.200)
2,652.499
229,730
(69,833)
109.301
(62.633)
66,727
226 200
2 472 801
226 200
66 727 2 586 196
Pnorye3rcomp3rison
UnrestrKted Des￿nated Restncted
funds
funds
2023
Totsl
Fundbal3nces at31 Auqust2023 are represEntedby.'
Tangible fwedassets
Currentassets
Creditors.. amounts falling due within one year
credito￿.. amounts falling due aftermore U7an year
2 531,867
39,500
(7,200)
2,531,867
167,751
[38 459)
52,831
[31,259)
2 318 767
52 831 2 415759
19
Related party transartions
Dan Thaw and his wife, Billie (key management) made an interest free k)an during 2017. £nil was repaid during the year
and the balance of the loan at 31 August 2024 was £20,CHJO, (2023: £20,OC￿). The loan is interest free and repayable in
instalments after 12 months of the lender grving noti￿.
Total donations and legacies received from trustees, key management. their close family and other connected charities
totalled £143,291 in the year. (2023.. £13,552 donations received of which £5.470 was for restricted purposes).
Oakes Restoration Limited, of which t)an Thaw is a director. was paid £1.114 (2023.. £1,128) for ground rent and the
maintenance and improvement of communal areas of the hou￿ that are owned or rented by the Charity.
The Cambrian Coast Evangelical Trust. of which Jo Hopkins and Bille Thaw are trustees. was paid £1,100 (2023: £1,915)
for rent of accommidation used during team training.
Page 20

THE OAKES TRusf (SHEFFIELD)
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGusf 2024
20
Net debt reconciliation
Other
non-cash
changes
At start
of year Cash flows
At
year end
Cash at bank and in hand
Other loans falling due wtthin l year
Other loans falling due in 1-5 years
Other loans falling due after 5 years
155,821
(7,200)
(202,800)
(42,600)
59,992
7,200
12,000
215,813
(7,200)
(190,800)
(35,400)
(7,200)
7,200
Pnor year comparative
Other
non.cash
changes
Atstart
of year Cash flows
At
yearend
Cash at tsnk and in hand
Otherloans falling due within l year
Otherloans falling due in 1-5years
Otherloans falling due after 5years
Bank loan falling due within l year
Bank loan falling due in 1-5year5
Bank loan falling due after5yea
130.870
(7.200)
(237.300)
(49.800)
(2.226)
(11.355)
(28.946)
24.951
7.200
12.000
155,821
[7,200)
(202,800)
(42,600)
[7.200)
22.500
7.2t
2.226
11,355
28,946
205 957
Other non-cash change5 include a ban waNer of £22,500.
Page 21

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