Charlty règistrallon number 1064524 Company reglstratlon number 033886711England and Wal￿) OAKLEAF ENTERPRISE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 OAKLEAF ENTERPRISE LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs LAndrews Mr R W Maybury Mr P J Bevan Mr J W ￿"ndelI Mr M Harrison Cllr A M Go(*fv4in MrA Lilleyman Mr R M Lloyd Mr S KA Michel Ms A Barnpou (Appointed 27 July 2023) (Appointed 25 July 2024) Secretary Mr J W lfjndell Charity number 1064524 Company number 03388671 Registered offic8 101 Walrmjt Tree Close Guildford Surrey GU14UQ Auditor Moore {S(Krth) LLP Sutte 3. se￿nd Floor Friary Court 1 >21 High Street Guil(fft)rd Surrey GU13DG Bankers Metro Bank plc 1 Southampton Row London WC1 B SHA Solicitors Moore Barl(yAI LLP The Oriel Sydenham Road Guildford Sutrey GU13SR OAKLEAF ENTERPRISE CONTENTS Page Chairfs Statement CEO Report Tnjslees. rep)rt 4-10 statement of Tnjstees, responsibilities 11 Independent auditorfs repcmt 12-15 stateM￿rt of financial a(Aivities 16-17 Balance sheet 18 Siatement of cash flows 19 Noles to the financial statements 20-41 OAKLEAF ENTERPRISE CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 As Oakleaf has grown over the last fve years. in tenns of income. members of staff and number of dients supported. the Board recognised that Oakleaf needed to strengthen its govemance to ensure that the Charity remains on a stable footing. Following operational and Board thanges in approath made over the last two years. 202312024 has seen significant improvements in our g0veman￿. Key achievements indude:_ 1. Successful navigation wr first full financial audit, as dislinct from an independent examination. 2. Achieving a financial perfOrn￿n￿ better than plan." a significant ai*Jievement in the current ecY)n￿liC dimate. 3. Implementing changes. supported by Uoyds Foundation. to strengthen Boarrl govemance POBt a DigiBoard Audit of the Board". a. Development and irrplementation of fjve year strategic goals tkAt thill enable Oakleaf to grow svstainably. i. Relocate lo a better and more sustainable location. ii. Drive to in¢￿ase funding and shift the balance to a signifi¢ant majority of unrestrfjcted funding as we build organisational flexibilty to address the thanging needs and increasing size of our dient base. i. Build strength and depth in our organisational skills to improve robustness of the organisation in the event of business disruption. Improve our ability to collect. analyse and use data to highlight how we imparA and improve the lives of others and to improve our organtsational effediveness. Increase our reach a￿osS a broader and more diverse dient base ensuring that our services, wheiher provided directy or indiredy. at8 accessible to minority and underserved groups. b. Butlding doser relationships belween the Board and the members of Oakleafs senior management team through their regular attendance at Board meetings to present and discuss issues important to Ihem. 4. Risk Management improved by introducing risk appetiie measures that enabIe us to drtve mitigation efforts that are efflLaent in time. effort and cost to implement. Through the efforts of its staff and volunteers. Oakleaf has Gontinued to strengthen its role in the community, This is a key foundatr'on stone that enable5 Oakleaf to grow support for its clierrts. It also importantly enables Oakleaf to raise awareness of the impact of mental health on the wider community and, through training and leaming events. build a support nelwork that enables its dients to gain a safe foothold bac* into 'nomial life,. l am extremely proud of the efforts of our staff and Volunte￿ in this spa￿. The Lottery funded Employment project, as mentiongj by c￿T CEO in his reporL has been an outstanding success. Far more Clients than had originally been forecast have athieved sustained employment. Through this athievement we have been able. once again, to serxjre the support of the Lottay Fund. I very much look fonvard to seeing how our collaboration and partnership wilh Guildford Ac*ion can adiieve even greater outcomes enabling marginalised members of our SOGiety to gain worth￿1[e employme I would like to thank our existing donors for their continued support and welcome our new donors lo Ihe Oakleaf family. Imthout your kindness and generosity, we would be able to survive. I would also like to recognise the significanl efforts of our staff and vdunteers. Through your continued and n(xyudgemental support of our dients. you make a huge difference to their lives. On our Clients. behalf I would like to say Thank You. orraine Andrews Chair of the Board Date: . OAKLEAF ENTERPRISE CEO REPORT FOR THE YEAR ENDED 31 MARCH 2024 When dients start their journey vath Oakleaf it is often commenced with some degree of trepidation and anxiety. Although many individuals wll have undertaken an informal visit prior to c¥Jmin9 to an activity. very littte prepares anyone for what could be similar to memories of the first day at school. Hopefully through repetition. forging relationships and enjoyment. dients overcome their fears, becoming less isolated and more confident. l arn a￿ayS mindful that this jovmey comes with a lot of change and thallenge, which is what I feel as l embark on my own joumey of reflecting back over a year of activities. My report is obviously not a direct corr¢)aTison but as the organisation continues its joumey there are some similafilies. as I reflect upcrf) a variety of adivities and training, celebrate positive outcomes and leam fr(xn unsuccessknl ventures. The enty point for all dients is their inilial introduclion and at the end of ￿ year we￿e received 427 new referrals. Once the dient ¢ommence5 their journey Ihrough Oakleaf. we count individual attendances at every activity or training provided by us. whith resulted in 8.722 unique visits at year end. One of the many outcomes we trath are clients entering employment and we are pleased lo report that 49 thnts started work during the same period. Our Brtdge the Gap project whith wotks wrth adults who have complex needs. encompassing - mental ill-health, domestic abuse. criminal ju51ice. homelessness and substance abuse. has gone from strength to Strength. We moved from two fulplime support workers to an additional 50% part-time WOTker, all carrying a maximum caseload and delivering critical input8. Harking back to my earfier references about relati¢)nships, these are essential for the success of the proiecL as for many, trust has been damaged and is yet PNOtal for enabling support and progression. Work¢ng across the county, predominantty on an outreach basis, the skills of our team have been eXc￿tiOnal in developing positive and ￿poWer￿ng relationships. Looking at outcx)m6s for Ihis dient group. we see a decrease in negative behaviour resuits.ng in crists and less dependence upon acJJte facakiies. twt increased positive engagement with support servi¢e5. Due to a lack of slalutory fvnding. we sadly saw the cessation of our Young Aduhs Safe Haven trial at 31 March 2024. ￿lIst financial 5UPPOrt was lacking. the need remained consistent. The service helped many young people who were often at high risk of suicide. and although we had to dose this speofic sèrvice. we are thankfulty able to divert dienls into our main Safe Haven. We are delighted wilh ow National Lottery. Pathways to project. It has achieved its projected objecb"ves. with the number of dients being supported, those gainirvj meaningful employment, increastng their confidence, decreasing soctal isolation and attaining qualificalrons. As the three year pr¢ie¢t draws to a dose, we are very excited to have been Suc￿ssfUl wilh a new fve year application. detailed under Yhe Future" bdow. Across our services we Measu￿ and review numerous different individual performance outcomes. For some these will be the gaining of a qualification, for others a new skilt or interest. going right through lo tsaving Oakleaf and gaining employmenL In many ways it seems slighlly perveT5e that we measure success when someone leaves Oakleaf, but ihankfully this is usually part of a dient's positive journey. There are other ￿ng1tUd1nal markers used. Oft￿ referred to as sofi oUt￿mes, but nonelheless of eqtsal value to a dient. lthat I believe has far more impact than all the data we collect are the individual client Gase siudies. some of which I have shared below. On8 client on his own ioumey has leamt to be creative. gain n8w sh"Ils and remember what he is ￿pable of as opposad to what he wuld not do. He lelt that his time at Oakleaf bmughf leaming. laughter, friendship and fun - 'tlme to ftirget about the difficult things,. As his confidence gffjw, he fett realtyproud of whal he had achi8vad, he says." 'Oakleaf I￿￿ helped me beyond words. It has made me feel human agaln. steve Another dient whose primary focus was on IT refierAs". "Qakleaf has glven me a whole new outlook on Jlfe. These days i find soclal engagement In a wort sethng much easler aml n￿re natural. I no longer feel as though I'm conflned to that old comfort zone l once relied upon, avoiding everyone and everything that was unfamiliar to me. l am focused on broadening my horizons and taklng charye. at work and In Ilfe.. Simon Simon above, is an excellent example of someone who engaged wilh Oakleaf for a variety of (x)urses and wellbeing activities. Ultimalely. he progTrssed to working as a volunteer. before taking tha final steps to move away from 08kleaf and th8n into omployment. OAKLEAF ENTERPRISE CEO REPORT FOR THE YEAR ENDED 31 MARCH 2024 Re5ationshlps within our staff tearn are important Ixrt we recognise for the majority these also form part of their own unique joumey as we viitnessed B O)uple of the team moving on. Some key and enduring friendships are fomied and for many their rektionship Oakleaf ￿rtinueS. volunteering in support of fundraisng artivitse5, As many will know recsuitment has ￿en challenging over the last 12 mnths. but. ultimately. have always succeeded in securing the right person for the role. Nobody is the same as trieir prede¢e550r and change aws happens but wlh it comes a wealth of new perspectives and opportunities f￿ both the new team member and the organisation. The Future As alluded to above we have been fjuccessful with a new partnership bid to the Nationat L¢)ttery, entitled 'Paths to Success.. This is a very exoting opy￿tunIty for us as we have se¢xred a Fyoject for five years and will be working in partnership with Guildford Action. a local tharity which works with the homeless ￿MmunIty- This new initiative will enable both thaTities to achieve a Lx)mmon goal. u8￿g eath c*herfs skills aTKI experienceg to the benefit of the charities. res Clive Stone CEO Date: ZS: lo..:Z* OAKLEAF ENTERPRISE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees who are also DireLtors of the Charity for the purposes of the Companies Act 2006. present their report vAih the financial statements of the Charity for the year ended 31 Marth 2024. The Trustees have adopted the provisions of Accounting and Reporting by Chartlies: Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ wilh the Fsnancial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 102) (effedive 1 January 2019). Oblectlves and activities Thé Charity's primary ol¥'ec* is worded within its Arlides of Assoc#ation and its Goveming Do(%M￿l lodged with the Chanty Commission i.e. °to relieve and support persons with mental and physi￿1 heallh dfficulties, including those with special needs, by the provision of a range of ocujpational training [8￿1￿leS and counselltng" and to advance the education of persons vlith mental and physical health drfficultses by the proviston of vocaliond skills training.. Oakleaf as a charity regTStered with the Charity Commission. give5 due regard to public benefit and considers that the range and volume of activities it wovides and reflected in this report meel the requirements of Public Benefit. Suth acti￿tIeS and training are accessible and indusive Wbth no barriers to entry, especially for those who may be considered as living within poverty rx suffering from a disability (specifically mental i[￿health). Objects. alms and activities The principal object5 of the Charity are to support and improve the lives of people suffering with mental ill-heallh. physical disabilities and special needs. The main aim of the Charity is to enable its dients to improve their lives through accessing the seNices it delivers. The main activities undertaken to further this aim are= to demse with each client a personal development programme" the provision of a wide range of confidence building ￿￿1beIng adivities v4hich are designed to improve and address physical and menlal ilkheatth: to provide indi1￿dUal cour•selling services enabling dienls lo build personal lechniques to manage and improve their menlal ill-health- to provide the opportunty to participate in a supportrve worf( environment wlh a variety of vocalional traning appli¢ations', to offer a range of ocLvpational based aclivitses leading to in(xeased confidenc£ and the potential to acquire and sustain employment. to enable dients with complex needs to access a more unified set of 5eNices from multiple provider organisations through projects such as Bridge the Gap., and to provide advice and support for those accessing fijrlher educational opportunities andlor work placement training induding training in CV writing. job seardi skills, personal presentalion, interview techniques and the development of employment application& The Charity measures ils perfomiance against its objects thnjugh the improvements in the mentsl health of its clients. princ4pally by using tre Recovery Star (for mentsl heath arKI Y￿lIbeIng), and by the use of semi4nnual client suNeys to lake stsGk of the eXpe￿nCeS armj views of ttM)se ac￿sIng its services and participating in the activities it provides. The servi￿$ and acbvibes provided by the Charity are delivered with the invaluable rnpth of its volunteers, to whom we are very graleful for Iheir supporL Volunteers out roles s￿h . working on a one-t￿One basis in our IT training area: a STnall number of (￿r counsellors, post qualification, provide a few Fmjurs of counsellirw each weeK four volunteers cover the organisation's Re￿pti(￿ across the course of a week. we have occasional input and guidance from a volunteer teadiing literacy and numeTacM,' and a number of volunteers who offer support to our fundraising events on an ad hoc basis. The Trustees are satisfied that these adivities aTe cJried out for public benefft, havlng due TegaTd for the guidance given by the Charity Commission. OAKLEAF ENTERPRISE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perforniance Duiing the reporting period the Charity has undertaken 2.028 counselling sessions SUPPOrting 200 dients. All dient attendan￿S are held and trathed through Lamplight. the organisation's dient database. From general dient surveys and speafic surveys comparing pre and post counselling sessions we know that the PTOViSion of counselling, (up to a maxtmum of 18 sessions), made a significant differen￿ to the wellbeing of our dients. IAfjth the expanwon of the senti￿8 to meet ongoing need and increased complexty of work we recruited three qualified counsellors who now manage 23% of all sessions attended, the rest being provided by trainee counsellors under dose supe￿I810n. A range of wellbeing acbwts.es have been delivered during the period induding yoga. tsi-thi. liieraw and numerary. football. mindfulness and lfjck Start a physical fithess programme all of which ha¥e engaged a total of 325 dients across the year. Suw results deaty show that the altendance of aLtivity sessions enables dierts to build confiden￿, improve seff-esteem and also to meet with others Ihereby reducing their social isolation. 259 dients have been recorded on Lamplight arKI supported by the Charity's Employment Project of ￿hOM in the region of 49 have gained sustainable employment Such outcomes are again tracked through Lamplighl and additionalty logged in an Excel programme. Mentsl ill-health has been shi)Ydn to redu￿ significantly a person's abilty to find and suslain employment, so suppcyting those dients who are able - and aspire - to rettAm lo the Work￿ace. is a key aim for the Charity. Client surveys and Recovery Star are the Iwo key meck￿￿8MS by Ythich Ihe Charity measures Its perfomiance against its stated aims. During the reporbng period ts¥o client surveys have been undertaken. We are delighted that we had more respondents than the prior year. An average of the Iwo survey results Show Ihal 81 % of our dients fell more confident through attending Oakleaf activities 82% of dients fdt less isolated 61Okn of dients felt that attending Oakleaf inyoved Iheir mental wellbeing Clients consistenty give positive feedback about the daily y￿lIbeIng prograrrwne and the Charity continues to Use this infom)ation to shape and plan future activities. Despite the ffinanoal constraints and feelings of anxiety many of our dients are facing. feedback suggests they value facevto-face interaction. As a result, thè Chanty is taking further steps to address isolation. such as hosting free wdlbeing cafe sessions eath weeK to drive an incrEase in dients retuming to its premises and helping to redu￿ so(aal isolation. Through the use of surveys, by recor￿ted to the appropriate fund" and ctrbtained and reviewed fund analysi5 workings to ensure that the calculation5 werB CO￿eCt and agreed to the accounting recon15. There are inherent limitations in ow audit procedLres dese￿￿ed above. The more removed that laws and regulations are from finanoal transadions. the less likely it is that we would become aware of noTrcompliance. Auditing standards also limit the audit procedures required to identify non-compliance wth laws and regulations to enquiry of the directors and other management and the inspection of regulartty and legal correspondence. rf any. Material misstalernents that arise due to fraud ￿ be harder lo detect than those that arFse from error as they may involve deliberate sxncealment or collusion. We corrllnunicate with those charged with governan￿ regarding. among other matter5, Ihe planned scope and timing of the audit and significant audit findings. induding any signfficant deficlencies in intemal controls that we identfy during OUT audiL 14- OAKLEAF ENTERPRISE INDEPENDENT AUDITOR'S REPORT {CO￿lNUED} TO THE TRUSTEES OF OAKLEAF ENTERPRISE Use of our report This report is made solety lo the tharitys trustees. as a body. in a)nditions have been meL the amounts can be measured reliabty. and it is probable that income will be received. -20- OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles (Continued) t)onations represent income from general donation& These are accx)unted for when received or when Ihere is certainty that they will be received. Grants represent income from Local Authori￿￿. other statutory bodies and trusts. Grants are accounted for when they are received or when any perfomiance related condrtb)ns are met. Rental income is aGcounted for on an accruals basi5. Event income is accounted for n the year in vthich the event is held. Interest r￿1vable is accounled for on an acuuals basis. Donated gifts for audions are recognised as incx)me vlhen they are received. 8nd are valued at the equivalent market V81ue. A crxresponding amount is then recognised as expenditu￿ when the items are sold at auction. In accordance with the Charities SORP (FRS 102), volunteer time is not reco3nised. 1.5 Expendtture Expendtture is recognised once there is a legal or rxJnstnJcts"ve o￿lgatiOn to transfer economic benefit to a third paty. it is probable that a transfer of eCi￿oMiC benefrts viill be required in settlemenL and Ihe amount of the oblioation can be measured reliably. All expenditure is acoounted for on an accfuals basis and is indusive of irrecoverable VAT. ExpeNfiture is recognised when there is a legal or constnKtive obligation to make payments to third parties. tt is probable that settlement viill be require(l and the Obligati￿ Can be measured reliably. As described in the Report of the Trustees. the Chaiity's principal activity is the support of people V￿th Tnental and physical health difficulties, induding those wilh special needs, through the development of skills and WOTk placeTnent Iraining. All costs incajrred in the training and development of thes6 skills are allocated btheen cost of raising funds. direct tharitable expenditure and sur4JOrt costs. Expenditure 15 dassified under the following activty headings: Costs of raising funds. comwising Ihe costs relaling to donations. grants and their assooated support ¢osts. Expenditure on charitable acttvities, corryjrising the costs of ddivering services and other activities undertaken to further the p￿)oseS of the Chanty and their assocaated support costs. Support r￿sts are those c£￿ts ￿+hICh assist the work of the Charity but ¥e not directy related to tharitable actiwties. Support costs indude general property maintenance. Ir￿uranCe, salayies and administrative expenses. These ¢0sts are allo¢*ed beiween costs of raising funds and provision of iraining and acttvibes on the following basis: Ba818 of Allocation Square footage Payroll (FTEJ Payroll (FfE} Payroll (FfE) Propety and general maintenance Insurance General salaries, rernjitment and penslon costs Administrative costs 21 OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (co￿rINUED} FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continuod) 1.6 Tanglble fixed assets Tangible fixed assets are intliauy measured at cosl and subsequently measured at cost 01 valuation, net of deweciation and any impairnient losses. Deweciation is recxjgnised 50 as to write off the cost OT valuation of assels less their residual values over their usefijl lives on the following bases: Plant and machinery Motor vehides 3 years straight line 5 years straight line The gain or loss arising on the disposal of an asset is detemiined as the difference belrnn the sale proceeds and the carrytng value of trie asseL and is recognised in the statement of financial activities. 1.7 Fixed asset investments Fixed asset investments are initially measured at trdnsadion price exduding transaction costs. and are subsequently measured at fair value at each reporting date. Changes in lair value are recognised in net incornel(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the Charity. Control is the pov￿ to govem the financial and operating pc4i(ies of the entity so as to obtain benefits from its activities. 1.8 Impairnient of fixed assets At each reporting end date. the Charity reviews the ￿rryIng amounts of its tangible assets to determtne whether there is any indi¢2tion that those assets have suffered an impairment105s. If any such indution exists. the recoverable amount of the asset is estimated in order to determine the exlent of the impairment loss (rf any). q.9 Stocks Stod(s are stated at the lower of rx)st and net realisable vaue. after making due allowance for obsolete and slow moving objects. Net realisable value is the estimated selling price less all eslimated costs of completion and costs to be incurred in marketsng. selling and distribulion. 1.10 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at call wtth banks. other short-terrn liquid investments with original maturities of three mnths or less. and bank overdrafts. Bank overdrafts are shomni iihin borrowings in curTent liabilities. 1.11 Financial instrumènts The Chanty has ele￿ed to apply Ihe provisi￿5 of Seclion 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its fjnancial instruments. Financial instruments are recogni5ed in the Charity's balan￿ sheet ￿en the Charity becomes party lo the contractual provisions of the instrument. Financial assets and labilities are offset, the net amounts pRsented in the finanrial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to 8ettte on a net basis OT to realise the asset and selue the liabilty simultaneously. -22- OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollGies (Continued) Basic financial assets Basic financial assets. which indude debtors and cash and bank balances. are initially measured at transaction pri￿ induding transaction costs and are subsequently L31fied at amortised I)￿t using th& effective interest method unless the arrangement constitutes a financing transaction, where the transaction 15 measured at the present value of the futu￿ receipts discounted at a market Tate of interest. Finanaal assets dassified as receivable wthin one year are not amortised. Basic financial liabilities Basic financial liabilities. induding creditors and bank loans are initially recognised at transaction price unless the arrangement constituies a financing transathon. where the debt instrument is measured at the present value of the fijiure paymenis discounted at a market rate of interest. Financial liabTrlities dassified as payable wilhin one year are not amortised. Debt instruments are subsequenity rxrried at amortised cost using Ihe effeclive interest rate method. Trade creditors are obligations to pay for goods or Servi￿ that have been ar4uired in the ordinary course of operations from suppliers. Amounts payable are dassified as ￿rrent liabililies rf payment is due wthin one year or less. If not. they are presented as non-current liabt'lilies. Trade ueditors are Tecognised initially at transaction price and subsequenty measured at amortlsed cost usirvJ the eifective interest method. Derecognltlon of financial liabilities Financial liabilities are derecognised when the Charity's ￿ttraCtual obligaiions expira or are disdlarged or cancelled. 1.12 Taxation The Charity is exempt from corporation tax on its chwitable activbties. 1.13 Employee beneffts The cost of any unused holiday ￿￿ttIernent is recognised in the period in whith the empEoyee's se￿I￿S are received. Tem)ination beneffts are recognised immedialely as an expense when the Charity is demon8trably ￿MmItted to teminate the employment of an employee or to provide tennination benefits. 1.14 Retlrement benefits Payments lo defined ¢ontribull￿ retirement benefft schemes are charged as an expense as they fall due. Critical accountlng estimate5 and judgements In the application of the Charity's accounting poticaès. Ihe Tnsstees are required to make Judgements. estimates and assumptions aboui the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and asscrtaated assumptions are based on historical experience and olher fa(knrs that are ￿nSidered to be relevanL Adual results may differ from these estimates. The estimate5 and underfying assumptions aTe reviewed on an ongoin9 basis. Revisions lo acownting estimates are recognised in the period in vthith the estimate is revised vAiere the reVI￿On affects cnly that pwiod. or in the period of the revision and future periods where the revision affects both cuThent and future peri¢)ds. The trustees do not believe there are any uitical accounting e￿iMate5 orjudgemen -23- q•1 In o¢oo OVO 000 0￿)0 v(N 000 0￿)0 Oin* ONr *¢D 00 i o ¢DLnoo 00 0￿0 to Tr- OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitabla activilios Provision of Provision of training and trainlng and activities activitias 2024 2023 Development and tralning projects PerfOrrnan￿ related grants for provision of training and activities 115.117 113.840 395,984 409.094 511.101 522,934 Anatysis by fund Unrestricted fund5 Restrided funds 116.287 394,814 114.98S 407,949 511,101 522.934 Perfomiance related grants - Restrlcted CataSyst- Safe Haven Project Catalyst- Peer Support Worker Project Catslyst- Communty Connections Proje£* Enterprise Development Programme (on behalf of Aecws- Foundation for Sccial Enterprise)- Social Enlerprise Project Social Enterprise Support Fund (via Unftd)- Soaal Enterprise Projed Catalyst- Young Adult Saf8 Haven Project National Lottery Community Fund- Pathvmys to Work Surrey County Council- B Ttdge the Gap Projec4 Surrey County Council - Bridge the Gap travel Surrey County Council - HOPE Project 58,978 12,263 58,080 59.032 10,760 58,080 9,249 32.569 39.465 112,763 80.031 37,435 131,430 86,450 10.178 6,000 394,814 407,949 Induded in the above are govemment grants totalling £96.628 (2023 - £86.031). -26- OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from other trdding activities Unrestricted Restricted funds funds 2024 2024 Total Unrestrlcted Restrlctsd funds funds 2023 2023 Total 2024 2023 Miscellaneous income Fundraising events Mental Health Training and counselling income 898 12.677 4,492 49,595 4,492 50.595 550 13.227 1.000 38.940 38.940 32.082 32.082 Other trading adivities 52,515 550 53.065 86,169 1.000 87.169 Income from invastments Unrestricted Unrastricted fund8 funds 2024 2023 Rental income Interest receivable 16.560 5.464 16,540 2.167 22,024 18.707 Other Income Unrestricted Unrestrlcted funds funds 2024 2023 Net gain on disposal of langible fjxed assets Other In￿Me 192 1.190 237 237 1,382 -27- C> (a) *ooJ oro a) ( OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendrture on charitsble activities Admln costs Admin costs 2024 2023 Dlrect costs Staff costs Deprec4atlon and impainnent Other costs for Provision of train￿9 and aclivibes 485,261 6.924 135.599 435.580 12,901 121.787 627.784 570.228 Share of support and governance costs (se8 note 11) Support Goveman 273,676 13.068 287,086 14,072 914.528 871.386 Analysls by fund Unrestricted funds Restricted funds 375.087 539.441 330.625 540,761 914.528 871,386 10 Net movement In funds 2024 2023 The net movement in funds 15 stated after thargIn￿(credIting). Fees payable for the audit of thantvs fmancaal statements DeprecÉation of O￿Tred tangible fixed assets Lossl(profit) on disposal of tangitrAe fixed assets 10,500 6,924 9.950 12.901 (192) OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Support Gosts Support Governance osts Gosts 2024 Support Govornanc8 costs costs 2023 Staff costs Propety and general maintenance 134.089 134.089 158,671 158.671 111.815 6.476 51.887 111.815 6.476 51,887 102.689 6,653 51.482 102,689 6,653 51.482 Insurance Administrative c*>sts Audit fees Accountancy Legal and professional Trustee expenses 10.500 1.455 10.500 1.455 9.950 1.750 1.500 872 9.950 1.750 1.500 872 1.113 1,113 304.267 13.068 317.335 319,495 14.072 333.567 Anatysed belween Fundraising (See note 8) Charitable aciivities (See Note 9) 30.591 30,591 32.409 32.409 273.676 13.068 286,744 287.086 14.072 301,158 304.267 13.068 317.335 319.495 14,072 333.567 12 Trustees The Trustees did not receive any remuneration or other beneffts for the year ended 31 March 2023 (2023 - none). No Twstees (2023- none) were Teimbursed in the year ￿ expenses (2023- £nil). Induded in the year are donations of £Nil. In 2023 there were donations of £1,550 made by three Trustees. One Trustee (2023 - one) donated a gift in knnd of £93 (2023 - £204). Three Trustees {2023 - five) purd)ased tid(ets for events in the year at a value of £606 (2023 - £2.370). and two trustees (2023- none) purchased bags and cards at a value of £2212023 - £Nil). The Charity purchased Directors and Offi￿r$ Liability Insuranc& for the benefft of the Trustees at a c05t of £1.134 (2023- £1,174). No grant <2023 - one grant) was re￿iVed from Sury Cwnty Cou￿Al as a result of a Trustee nomirylion (2023- £107). No Trustee (2023- one) paid for w)holstery seTVi(zs in the yew of £nil (2023 - £90). -30- OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (Co￿rINuED) FOR THE YEAR ENDED 31 MARCH 2024 13 Employees The average montNy number of employees durin9 Ihe year ￿dS. 2024 Number 2023 Number 38 42 Employment ¢osts 2024 2023 Wages and salaries Soaal seiyjrity costs Olher pension costs 658.568 45.074 17,109 628,225 43.132 15.598 720.751 686.955 The FTE for 2024 is 23 employees {2023 - 23). There were no employees whose annual remuneralion vrds mwe Ihan £60.000. Remunerdtlon of key management personnel The remuneration of key management personnel was as fr)11 2024 2023 A9gregate (x)mpensation 182.546 63,694 Aggregate compensation has incxeased on wior year due to the indusion of the Senior Management Team as key management personnel. 14 Net galnsl(losses) on Investments Unrestricted Unrostricted funds funds 2024 2023 Net unrealised gainsl{losses) on investments 27.774 (4.186) 15 T8xation The Charity is exempt from tax on incorne and gains falling wtthin seclion 505 of the Taxes Act 1988 or se¢lion 252 of the Taxalion of Chargeable Gains Act 1992 to the extent that these are applied to its d)aritable objeGts. 31- OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Tangible fixed assets Plant and machI￿ry Total vèhlclos Cost At 1 April 2023 Addiiions Disposals 117.052 6.621 (6.807) 67.270 184.322 6.621 (6.807} At 31 March 2024 116.886 67,270 184.136 Depreciation and impairnient At 1 April 2023 Depreciation charged in the yeaT Eliminated in respect of disposals 111,349 6,924 (6.807) 67,270 178,619 6.924 (6.807) At 31 Marth 2024 111,466 67,270 178.736 Carrying amount At 31 March 2024 5,400 5.400 At 31 March 2023 5,703 5,703 17 Fixed ass8t Inv8stmentB Listed Other Investmènts Inveslments Total Cost or valuation At 1 April 2023 Valuation changes 209.260 27,774 209.261 27.774 At 31 Marth 2024 237,034 237,035 Carrying amount At 31 Mardi 2024 237,034 237,035 At 31 March 2023 209.260 209.261 2024 2023 Other investments comprise: Notes Investments in subsidiaries 18 Flxed asset inveslments revalued The historical cost of the listed investments is £200,000 (2023- £21JJ.000). OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 17 Flxed asset investments (Continued) The listed investhients were valued on an open market basis on 31 Marth 2024 by Charities Ethical Investrnent Fund. 18 Subsldlarles Details of the Charity's subsidtaries at 31 March 2024 are as folow5: Name of undertaking Registsr8d Nature of buslness Class of % Held shares hold Direct IndFrect Oakleaf Ente￿TISe Trading England & V￿leS Dormant Limiled Ordinary 100.00 19 Stocks 2024 2023 Raw materials and consumables 1,891 6.681 20 Debtors 2024 2023 Amounts falllng due within one year: Trade debtors Other debtors Prepayments and accrued income 1.191 5.423 39.411 11.113 9.660 40.402 46.025 61.175 21 Credltors: amounts falllng duo wlthln one year 2024 2023 Not88 Other taxation and social se￿Ity Deferred income Trade creditors Amounts owed to subsidiary undertakings Other creditors Accnjals 15.732 13.185 30,824 14,245 42,613 32.280 22 1,606 30,119 1.626 52.010 91.467 142,775 OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Deferred Incomè 2024 2023 Other deferred inccthe 13.185 42.613 Deferred income is indLKJed in the financFal statements as ft4lows: 2024 2023 Dekned income is induded vAthin: Current Iiabilrties 13.185 42.613 Movements in Ihe year: Deferred inccyne at 1 Aprit 2023 Released from previous peri¢)ds Resources defe￿ed in the year 42,813 (42.613) 13.185 89.051 (89.051) 42.613 Deferred income at 31 Mard) 2024 13,185 42.613 The deferred income relates to grants for future periods. 23 Rotiremont bonofit schemes 2024 2023 Defined contribution 8chemes Charge to profft or loss in respect of defined a)ntribJtion 5themes 17.1Q9 15.598 The Charity provTdes a defined contribution pension scheme to all of its qualifying empltjyees. The assets of the scheme are held separately from those of the Charity in an independently administered ￿nd. There was no amount outstanding at the year end (2023 - £ni Unrestrlcted fvnds The unrestricted funds of the (*arity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds v4hich have been set aside out of unTeslTided fund5 by the truslees f￿ specific purposes. At 1 April 2023 Incomlng Resource5 resource5 expended Transfers Gains and At 31 March losses 2024 General funds 414.230 407,966 (509.310) 3.939 27.774 344.599 OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Unrestrlcted funds {ContinuedJ Previous year= At 1 April 2022 Incoming Resources resources expended TransfoTS Gains and At 31 March losses 2023 General funds 366.380 514.811 (465.112) 2.337 (4.186) 414.230 -35- oooiofxtDCO po)tnoo)Inro 40) #P-m ot5)VrO￿ (o Il) 00 tr• ￿￿¢￿1￿1￿)i00 r 17J 0> *X) J fo IJ) •) Inrnin QOLr)000 00 c¥ (D (y oi ¢J> oi o o L)t tn2 J(n CLEO 0 O Oi ￿ OthLL 8LL o J J @LLZCJfJ- fn JLL vo&_ £c EC Eoèc> uuSOLLLirJui￿¥￿OSu{0uZ￿VLu>uJvLL I OAKLEAF ENTERPRISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible a55ets Investments Current assetsloiabilities) 5,400 237.035 102,164 5,400 237.035 199.767 97.603 344.599 97.603 442.202 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Investmenls Current as5etslOiabilitie3) 5.703 209.261 199.286 5.703 209.261 287.251 87.985 414,230 87.985 502.215 27 Operating lease commiiments Lessee At 31 March 2024 the Charity had outstanding commitM￿ts for future minimum lease payments under non- Ca￿11able operating leases. vthith fall due as follows- 2024 2023 Wthin one year 68,931 66.126 The operating lease c