Oak Tree Anglican Fellowship Trust Trustees Report Financial Accounts for the year ended 31 December 2024 Charle3 & Ass4xiate Clwk• Owi. Bsc (H(Muk MS4 FCIL MCIPP. AFA. ATA
OAK TREE ANGLICAN FELLOWSHtP TRUST coKrEKrs Page3to4 Lxgal and Administrative Information Page 5 Indendent Examinetrs RepK)rt Pa8e6to7 Review of the pericm Page 8 Ststement of Financial Activities Page 9 Balance Sheel Pa8es 10 to 13 Notes to the Financial Statements
OAK TREE ANGLICAN FELLOWSHtP TRUST LEGAL AND ADMD41STRATIVE INFORMATION Name: Oak Tr¢e Anglican Fellowship Trust. The name of the trust w&$ changed by deed on 14 March 201 O from the Oak Tree Charitable Trust to the Oak Tree Angli&qn Fellowship Trusl. Registered Cbarity Number: 1067145 To comply with a provision of the Charilies Ac¢ which required all previously excepied charities I churches with gross income in excess of £ 100.000 io individually regisier with the Charities Commission, the Oak Tree Anglican Fellowship, a non-parochial church in the Church of England gifted all of its assels to the Trusl effective 31* March 2010. The charity had previously been registered by the Fellowship to undertake various charitable a¢livities which were no longer Ing pursued. Truslees: The Trusiees of the charity during the year were: Revd Tim Sudworth (Chairperson) Simon Brev¥Ster (Treasurer) Carol)m Hope (Warden) At th¢ Annual Generdl Meeting of I l May 2025. the new elecloral roll was published with a rnembership of 39. AdVIry Cburch Council Durin8 th¢ year the following served &$ members of the ACC: Revd T. Sudworth Mrs S. Miller Miss C. Hope Mr S. Br¢wsier E. 12wis Miss E. Benwell Miss S. Alvis Minister in char8e Curatc Warden Treasurer Page 3
OAK TREE ANGLICAN FELLOWSHIPTRUST LEGAL AND ADMIN ISTRATIVE INFORMATION (¢onlinued) The polic) of the fellowship 15 10 give away ai leasi l /0 of its mcome to other causes. The givin8 fund Is under the &dministralion olihe ACC. The giving is divided 80°/o to the (living Committee and 200/0 lo the Vicar's Discrelionary Account. Governiog Inylrumenl: The Tru was esthblished by a deed of trust dated 4. Novembcr 1997. Correspondence Addr¢sJ: 216 Acton High Strc¢t London W3 9NX Primgry Bankers.. Santander UK plc Business Banking 301 Si Vincent Street Gl&sgow G2 5N"I Pa8t 4
The Oak Tree Anglican Fellowship Trust Independent ExamIne8 report on the financlal statements To the trustees of The Oak Anglican Followshlp Trust I report on the financial statements fof the year ended 31 Dececmber 2024 sel out on pa9es 8 - 13 This report Is made sdety to the Trustees of The Oak Tree Anglican Felltywship Trust, as a body, In accordance wrth regulalv)ns m under section 145 of Ihe Chants Ad 2011 My work has been undertaken so that I might State to the Truslees matters l am require(110 State to them in an Independent Exarninerfs reF arKI for no other pUrFe. To the fullest extenl PeThnittj by law, I do not apt or assume respongbilty to anyone than the chanty arKI chanS trustees for my independent examination for this repyt. or for the ststernent I have gplen bell Resi)ective responsibilltles of Trustees and indepefthnt examiner As Chanty Ifustees for the purposes of charty law, a responsible lor the preparation of the linancial statements The Trustees consider that an audrt Is not require(I for this year under section 14412) of the Charrties Acl 2011 (the 2011 Act) and that an independent examinabon Is needed Having satisfied my5eW that the Charity is ncrt sulect to an audrt under ccKnpany law and Is eligible for independent examinatK)n. rt is my resp)nsibility to a) examine the accounts under section 145 of the 2011 Act: b) follow the prccedures laid dcywn in the general Directions given by the Chanty Commissioner8 under section 145151{bl of the 2011 Act. and cl Stale whether particular matters have come lo my attentm Basis of independent examiner'5 statement My examination was camed out in accordance wrth the genernl DIrts given by the Chanty Ccfflmission. An examinatson Includes a revithv of the wntsng records kept by the Chty. and a comparison of the accounts presented wrth those records 11 also sncl(Kles considerat1 cl any unusual items or disclosures in the accounts and seeking explanthons frcrn you as Trustees ccrfKeming any such matters The procedures undertaken do not prowde all the that be requir&1 In an audrt. and consequenuy no qjinion Is given as to whether the accounts present a "true fair vwi" and the report is limrted to those matters set out In the slateJnenl bel Independent examiner's statement In connection with my examinon, no matter has come to my attentN)n". 1) which gives me reaSonae cause to believe that In any matenal respect the requirements a) to keep accounting records in xcordance wth Section 130 of the Charities Act., and b} to prepare accounts which a¢cord with the oUntIng records. comply wrth the accounting requirements of the Charities Act have not been met or 2) to which. in my opinron. attention shcwld be drwm in ordef to enable a proper understanding of the counts to be reached. 12th May 2025 Charté8 Osei. B& (Hons). MSC. FCIE. MCIPP, AFA. ATA Flal 3, 11 Rochdale Way Depfford London SE8 4LY Date Page 5
OAK TREE ANGLICAN FELLOWSHIP TRUST REVIEW OF THE YEAR ENDED 31 DECEMBER 2024 Structure, Govern4Dce and managemenl The Oak Tr¢¢ Anglican Fellowship is part ofthe Church of England and prior to the regulations that came into force part of the Charities Ac( fell under its Charitsble Registratton and shared its Charitable Objectives. Changes introduced by the Charitics Acl requirtd all previously exceWcd charities and hurches with a gross income in excess of £1 00,(KX) to individually register with the Charity Commission. To comply with this requiremenl in March 2010 the Oak Tree Anglican ellowship gifted all of its assets and liabilities to the Oak"free Angli&3n Fellowship Trusl. The Fellowship is fomally govemed b) its Trustees. Objectii'es and Activities Founded in (kiober 1993 al the invitation of the Bishop of Willesden, Oak Tree w&s established to be a new, experimental church in ihe Acton aa. Although fully part of the Church ofEnglaniL Oak Trec is dilTereni from the traditional parish church. I laving no sct geographical boundarie& Oak Tree sees the whole of Acton. with its 85,000 residcnts, as ils mission area working w'ith the oiher churches of the areas io help meet needs and create comrnunity. Its primary 8Ctivily is to meet for prayer. worship teaching and fellowship fornially on a Sunday, bui also infonnally during the w'eek in small groups. The Fellowship runs a Christians Against Poverty centre and other l(Kal projects to serve the residents of Acion on an ongoing b&sis. Financial Review The Fellowship w&8 without a pernianent home since il was founded in I W3. In 2009 the Diocese of London purch&sed a Community centre in the heart of Acton for Oak Tree to occupy. refurbishment work commenced in ihe summer of 201 O and the Fellowship was able to occupy the building in January 201 l . In 2024. lotsl incoming resources for the ycar were £91k (2023.. £94k) and expenditure £86k (2022: £94k) re.sulting in a surplus of £5k (2023.. brcak-even) for the riod. Unrestricted funds increased by £3k (2023.. refflain¢d stsble) during the peri ai £114k (2023-. £1 I I k) Public Benefit The charity acknowledges its requirement to demonstrale clearly thal it must have charitable purposes or 'airns' that are for the public benefit. The Trustees confirni that ihey have paid due regard to the Charity Commission guidance on public benefit before deciding whai activiiies the charity should undertake. Pa8e 6
OAK TREE ANGLICAN FELLOWSHIP TRUST REVtEW OF THE YEAR ENDED 31 DECEMBER 2024 (continued) Reserv Policy The Trustees have considcred the Icvel of reserves thcj wish to re12in. appropriat¢ to th¢ needs of ihe trust. This is based on the lellowship's si7£ and the l¢vel of financial comrniiments held. The Trustees aim lo ensur¢ the fellowship will be able lo continue lo fulfill its charitable objLYtivcs cvcn if there is a iemFx)rw shortlall in income or unexpected expendilure. The Truslees will endeavour nol lo sel a5id¢ funds unl&ily. The rcservcs or the fellowship have been buih up over receni years lo fund ihe fit oul costs of its ncw building, the final stsge ofwhich was completed durin8 2013 with (he refurbishmenl of the lift. The Tnee$ are conscious thal &$ 8 number of items pul in a5 part of the fit out in 2010r2011 come to the end of their working lifc then they will need lo be replaced and thus reserves are maintaind for this. Risk Jissessmeut The Trnstees actively review the major risks which the trusi faces on a regular basis and lieve that mainlaining the frce r¢serves sthted. combined wilh the annual TeVi¢W of the controls over key financial systems Carried out on an annual basis. will provide suificienl resources in the event of adver5c conditions. The Truste¢s havc also examined other operational and b1n% risks which they face and confirm that they have estsblishcd sySt¢ms to mitigale the STgnificant risks. The Trustees also pSure that safeguardin8 and vther non- financial p)licies are regularly review¢d in line with Church of England g(y)d practice Trusteoq, Responsibilities The Charities Act requires the Trustees to prepare fmancial staiements for each financial year which give a true and faTr view of the slate of affairs of the trust and the surplus of the trust for that Peri1. In preparing those financial statement5 the Trusl¢es are rquired io: Select suitable accounting PKJlicies and apply Ihem consistenily Mak¢ judgments and eslimates th are rcasonable and prndent Prepare financial slatemenis on a going concern basis unless it Is inappropriate (o Presume thai the tn1 will conlinue in existence. The TTU51ees arc restM)nsibl¢ fur kL¢pin8 pro[ a(ivuiiliJi¥ rLLvr(l& wliiLlI disi10 willi reasonable accuracy al any time ihe financial EM)silion of the tn1. They are reswnsible for safeguarding the assets of the trua and hence for laking reasonable sleps for the prevenlion and detection of fraud and other irregularities. Signa on behalf of th¢ Trustees ..... Prini Name.. Tim Sudworth Simon BreM'st¢r Date: May 9th 2025 Page 7
Tbe ()ak Tree AnRlic¥n "¢ll0W¥hil) Trusl %I'AI'LMLNT OV WINAN('IAI. AC-I'IVII'IL%i F•r th• y••r •md•d JI D••mb•r 1014 Vr'• ¥& 21n iQ2J IN(X)M l thd l so.jjh 56,SJ6 S5.QY• 2b 21 224 JJ.909 JJ.909 J¥.fplO TOTAL IIYCOME 21 J766 tXPKNDITURE 16.022 51$ i.i¥o 17.717 413,527 TOTAL Ps&s Jij i.iio 87.717 gJ.527 T iN(ThIIP4GifAifGOIT4C} AL1cK8 4.62$ 21 11.1801 2,912 23Q TRANSFER 8ETWE£N FUNDS I10.oJJi {10,o%JI IIDOISI IU,051 Nrf MOVEMKNf IN VUNDS 1s.i)01 7.ljo 2,r112 231) AIANfF.8 BROLIOHT PORWARD AT Imuvy 1, 3034 BALANCr CARRIBD FORWARfJ AT DK*ntrf JI. 2034 .7 2228 1.8)J 110,913 111.b74 gj 2,249 15.216 I iJ.t1th5 Mnvem•nts rn•w¥u Ind #ll InINI loj8w •Tv •tKbV¢. All i)f th¢ or8•n}lI(l,.4 0r#110nX ur¢ rlujcd [lInUIn¥. o• rn p•p 9 th 13 ft)fft wi ol'ilx llnwwl•l •w•rn¢nll.
The Oak Tree AnRlican Fellowship Trust BAI.ANfF. SIIELT AT JI DEfW.MBKR 2014 tkcember 2025 2024 P4••E FIXED ASSF.TS JO.890 J4,579 C.IIRRF.NT AET5 LkM(¥Y Cuh •[ bnk Ind In hd 6.402 76.924 5.787 71.J56 83J26 77.143 CREDITO$.. AMOUNTS FALLING DUK WITIIIN ()NE YF.AR 18091 NET CURREKf ASSETS 11975 76JJ4 NET ASSETS I lJ.863 FUNDS OV THE TRusr Rwfrlci•d Fundi Chw¢h pknbhl Fwd 2.221 VDr••trtdd Fu•ds L)¢•iry Ol¥m• lJ216 1.086 I,H3J 9.919 18.280 9J.JJO 98.767 101.685 Totrl F••d• 113.165 Appmv•d by rn¢ knillw ydlohlp Tr1 m I l May 202$ siwd i Prnbl Simon E4mvsl¢r
The Oak Tree Anglican Fellvwshii) Tru%1 NOTES TO THE FINANCIAL STA TF.MENIS For lh• yur end JI De¢ernb¢r 2024 ACCOIINTINC. POLICIES ITh¢ flnADi1 ¥ICn haw¢ prtp•rcd in &rordancc wilh thc c'hurrh Aon11n$ Kc8U1IOns 1997 iv¥Lth¢r wilh opp11ble xcouniini sthnd•rdi athd tht ('1185 M)KP lThe nn•nLi•l thwrneni ve tr¢n uryjet lh¢ hi011¢11 coxl con¥¢niiDn Lkner•l fijnds rrpr¢xni iht luftdi of OTAF th•1 •re noi Jubjw li) Iny speiiil reytriclt1 thclr And Dr¢ ¥•ilthle for pplicaiion io the Fncr•l puryx)s ofthe Ol'AF deJiy•id • pKUlar puwwyc by Ihe Al'c. Irr 50 unruin¢tcd. TrtsodAsJrfy Histi)riL4lly llxe4 purrhknx b¢u) wniien off when wuirul. Wilh th¢ movc i(J • rrtymthui h(¢ •nd ihe si8nifi£•nt exid11Urt with Ihix, th¢ tiuxl nibw xthn¢d 10 14pitaJiJe All filcrfl purrhLK% 4nd d¢prniAlc Ihcm ov¢r iheir us¢hJl lif¢ w Ahown In nai¢ 4 Con4Crnt¢d prnpty ¢xiluded (rom the Cn[l lTry xyiion 10 {21 of lh¢ ('huniic¥ ALI 2()1 I &1 amMdcd Thcrt h45 no chan8c 10 the TrI)n1 policiu Iv•niKm Tulcs •nd mrthoth 0[ntIn) sin¢¢ I1 y¢Ar. and no chth8e5 to the wewious 1]4COMING RLSOURCES (•t•enl Pl••rf Clvl Vklr'x 'ftril tr¥ndJ F•qd F•hd• 1024 202J PlUed Gl¥ini Unplanne4J Givw8 In¢orn¢ r¢¢ov¢red on Givini Collethonj {op¢n pl) li •ll Gift Day To1 Volunw IDCO(ne 44.724 2.OJ2 9.780 44.724 2.032 Y.7An 46.35 i.i¥x 7.132 J6.5J6 50.336 Intom• from lov#l•b••l Bank Inwm 202 21 21 224 202 224 Oth•r Ineom• Gift for Chriyi•n win Poyeny w Propffj inc<*m¢ (3•in on dljpowl IJ8 27.Tn 6.lJ8 27.772 2.820 JJ.7 J3.%19 JJ.w J8,610 P•4e 10
The Oak Tree Anglican FelloiTrship Trust N(yfES TO THE FINthCIAL ATEmEr5 (eoDrinBed) For the vear ended 31 December 2024 3 RESOURCES F.XPF.NDED Gtmerl Planti GrMe 'iearfs Fu•d 2023 Ja Ch•ritsble Aetivlties Aissionarj and chari¢able giving: Missions Agena¢s ond OrtiO5 Individuals 515 515 1.180 1,695 13.775 14.775 515 MiniSTry Di(KtyD quota 18.C 18.(KM) Workn"n8 expenses of incumbent OffiLr (x>sts IT28 19.452 1728 19.452 3.768 19.305 Adminbstrdlor coss Invited STr4kLYs 21180 21180 23.074 Parsonage house 757 757 8?5 Assjstsnt stsff 3.283 3.283 2.A67 Church expenses 21.204 21.204 Hir¢ of build 21.204 21.2(M 19.9?9 Depreciation of la8ehold iDyov¢ments & other 3.724 3.724 880 1.105 Upkew of 5ervice5 Worship & Sound Con)muni(¥ions 1.545 1.046 5235 .545 1.046 5.23) 1.158 297 TrdifiAg coA% Childm's Wofk TehIng ial events 297 1,939 1,939 1.081 L236 1.294 Evangelistic work CAP ¢(tsts 502 50? 1.19? 8,602 9.104 8.60? 9.1(M 9.144 31X) 31K) ,717 io TOTAL EXPENSES 86.022 515 1.180 93.12,
The Oak Tree Anglican Fellowship Trust NOTES TO THE FtNANCIAL ST ATEMENTS (cootinued) For the yeor tnded 31 December 2024 FIXED A&SETS l.e&8ehold Fumiiur¢ Audio visual UlprrI IT equipmenl 21251 7,691 l¥lOPS and othcr irnpn)vements Fixturcs & filtsn d elcLtruI Co A5 al l January 2024 Additions At 31 Decernbcr 2024 13.073 2&869 16¥.1SX4 113.073 26.869 21.251 7.691 168.884 Deprecilon As Ai l Janvary 2024 Charge for the year At 31 December 2024 SL 10 ycars SL S yt¥r5 26.869 SL 4 y5 SI. 3 year5 21212 5.592 16 933 6.525 .596 1776 83JT2 134,269 3.724 137.994 26.W 21228 Nrt bk value * 31 D¢ccmlxr 2024 book ye 31 DecemtKr 2023 29.701 32.4TI 23 1,166 30.890 39 34.615 2024 2023 DEBTORS Income tax rttov¢r8ble (Jher debtors 933 802 5.230 6.163 4.985 5.787 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 351 351 Crediiofs for 80(Mls and services X09 809 STAFF co AND NUMBERS GTOSS Wages and Salaries Employ¢rfs Nlonal Insurw Costs P¢nsion contributs.ons 21.320 1.234 19.263 l.CQ7 414 22.734 ?0.6X4 The TTt operates payoll under the Inland Revenue's PA YF. schem¢. Our 2 employees (2 part time) were engaged dircctly in actt"vities re]Ing io the work of the Tn1. No employee received emoluments of over £60,0. FUND MOVEMEKTS AND DESCRipfioNS Ba]8nce 31-D-23 Inwne ExpendiDJr¢ Trdnsfcr Balance 31-tkc-23 .647 86.022 110.055) 88.384 G•nenl Fupd: 93.814 DesigDted FuDds: Giving Vi¢¥fs Discrrtionary 515 1.180 1.695 7.644 2.411 10,055 19 j)7 11428 2.196 14.624 ?2.984 Restrict¢d Fwnd: ChuTch Planting 22 2.244 87,717 113.612 TOTALS iio )ffi9 P4e 12
'hi' ()ak 'l'ri'i' .Knkyli&iin I, i'lliiii %liii) I'rii%l Fvi ihe i eli. ¢iidThl .11 lkieiiil 21124 Ikyrripiions.. (Jll'inR.' Ihis dLYlSSllftfLxJ hind ryTh'likS X {)% {)f ¥r4Xt Inc4Nn%' lif ik irnli 11114 i nthiiiliijlirn bi 1024 102J Missions: A8tncies: Dl."(' DisJsl¥f apwIIs Others iin&,r I. l.LX)11 IndiYiduls: ('lair¢ (inmble Vi¢ar's Diytrttioniry Fund.. th15 4k..Iwnoi¥xI hind rgc¥lith ? ol'¥n)ss Ill(1. vl- . t¥.Ik)iisliip arKI Is nd1iiinister M A cltIdli1al ba¥'is li)r Ihe $iipp4)n of IiMlii'idiiAls or 01111saI1l No pai In13 fo iThJibidu41s duntw illi ik4r I l.IXJ() Churf h PIAnlini F¥nd'. Ihl" Trusi's onli f¥'siricl¥MI fund Is li)r IiK.Il ouir¥ach WKI ¢I)uh pl.Illlii ilhich proi iths turds for ll¢aCheS lo ini111111 PAYMENTS TO THE TRIISTEES AND OTHER RF.I,ATED PARTIF.S Tim Sudiiorth ITThJittl rccLiikxI i 40 IXI OMI sInK BrLiStir ITThsiiX') rKTh'lii jRlh) 11 In ¢xwise ffimbun¢nKiits dunns lh¥ lar No ish¢r paink15 iiLrt' m4&. 11) t. 4h¢1 Irusi¢L dunn8 this rintini1 Icuroliii Flo ITrn$l&X) L iiill No 1.[ nli11a1 lrnnsac1i ity)k plac¢ clwrit! and t1 inisic¢s or .Iii! li lili IlK'ni dunn¥ & itar