CHARITY REGISTRATION NUMBER: 1067583
Oakhill Education Trust
Financial Statements
31 December 2020
ATHERTON BROOKS LLP
Chartered Accountants & Statutory Auditor
9 Cheam Road
Ewell
Surrey
KT17 1SP

Oakhill Education Trust
Financial Statements
Year ended 31 December 2020
Page
Trustees, annual report
Independent auditorfs report to the members
Statement of financial activities
10
Statement of financlal position
11
Statement of cash flows
12
Notes to the financial statements
The followlng pages do not form part of the financlal statements
Detailed statement of financial activities
13
25
Notes to the detailed statement of financial activities
27

Page 1
Oakhill Education Trust
Trustees. Annual Report
Year ended 31 December 2020
The Irustees present their report and the flnancial statements of the charlty for Ihe year ende
31 Decembar 2020.
Achlevements and perfomianco
We have continued to proviée a Safe, modern and high quality learning environment, Information
Technology infraslruclure and facilitie8 that have enhanced the students, leaming experience through
enabllng the Self Directed Leamlng methodology, Virtual L¢arning and increased physical exercise.
Flnanclal revlew
Thè School is supported and financed principally by School Fees and Income from the Trust's trading
subsidiary ATC Enterprise9 Ltd.
Grants wore, up to the dale of Transfer received from Focus Learning Trust and then Oneschool
Global UK. Capex projects are supported by Donation9 and Grants.
The lolal Incoming resourceg for the year were £771,42912019 - £1,871,951). The restricted Income
consisl mainly of donations from One School Global. Charitable donations generated were £271.985
12019 £325,809) and Other Tradlng Aclivlli8s contributed £3,531 12019 £6,811) to incoming
resources. Expenditure on the charltable activities was £611,53712019 - £1,555.9481 and the cost of
raising funds and other trading activities was £497 12019 £11,587). Donations of £406,487 to
Oneschool Global is the most slgnificanl charitable expenditure. The surplus for the year was
£159,395 and will be ullllsed in achleving future and for the maintenance of the building lo ensure
continuance of the school.
Risk Management
The Trustoes have invesllgated major risks lo whlch th8 charlly 18 exposed and have established and
reviewed systems to miligale them.
The charity continues to revlew its proc8dures and policies to ensure that they are con818tenl with best
practices.
Intemal financlal controls minimise risks by followlng procedures that requlre all transactions to be
correctly authorised and recorded in the accounts of the charity.
In the long temi, in order to supplement the reseNes of the charity other means of fund raising have
been explored. The Trust recelves profits from its 8ubsidiary trading company ATC Enterprises Ltd.
Resgrves
11 is the pollcy of the Trustees to malnlaln unrestrlctsd funds as the free reserves of the Trust, sufficient
to cover the operational expenditure for on8 month. Following the transfer lo Oneschool Global, these
costs are currently cirGa £18,000, excluding donatlonsl for one month, represenllng 1.4°A of the
unreslricled reserves. Donations madè lo OneSchDoI Global are dependent on the amount of Grants
received and income received from the subsldiary. The Trust is holding greater reserves than required
by the policy on the basi5 that the capital loans will need lo be repald in the future. The total amount of
funds held by the charity al 31 December 2020 was £3,530,178 of which £2,242,524 are restricted and
are not available for general use of the charlty.

Pago 2
Oakhill Educatlon Trust
Truste8s' Annual Report f¢ontlnu8d)
Year ended 31 December 2020
Flnanclal revlew (Gontlnu8dJ
Investmonts
The Trust ha5 a trading subsldiary ATC Enterprises Ltd. Th8 Trustees of Oakhill Education Trust, Mr I
Cooper, Mr K Gardiner. Mr D Lynes and Mr D Stanley ar8 persons with significant control of this
company and hold the shares in trust for Oakhill Educ81ion Trust.
Oblgctlves and activltles
Obj8Ct$
The charitable objects of the Trust are the advancement of tho education of children and young
people. The oblecls also include any other charitable purpose for Ihe benefit of the worldwde Christian
fellowship known as the Plymouth Brethren Christian Church.
The trusvs maln activities are the support of Brethren schools and Ihg provbsion of grants to
organlsalKJns that support chlldren and famllies
Ethos
Students attending Brethren school are encouraged lo develop thelr full potential and acquire the
discipline of learning how to learn. while upholding Christian teachings and beliefs.
The truth and aulhorily of the Holy Bible and strong family valu88 underpin thg commitment of the
School lo provide quality in every facet of education - curriculum, leachers, facilities, management and
di8cipline- In a safe and caring envlronmont.
Values
The Trustees are drawn from the Brethren community and the School is commilled to 8 way of Ihfe that
is governed by the Holy Blble. expectlng the conduct of pupi18 and staff consistently lo reflect Bibllcal
values and the specrfic values of the School, whlch Include..
Inlegrlty
uprightness, honesty and decorous conduct, governed by the Holy Bible Carè &
Compassion kindness. consideration and generosity to all;
Respect- for all people. property, opinions and authority,
Responsibility- for our actions, progres$ and environment,,
Commitment- lo self-disciplina and tho pur8UIt of excellence.

Pagg 3
Oakhill Education Trust
Trustees, Annual Roport (¢oniAnuedJ
Year ended 31 December 2020
Objectives and activltles (contlnuvd)
Slgnlflcant Actlvlt105
The Trust has supported the Brethren school in Kenley, providing use of th8 school building and
supporting the educab'on provision provided by Oneschool Global UK.
Pupils who attend the School are oxpecled lo aGI In 8ccordance with the doctrines and practices of the
Brolhren, but there is n¢) other academic or financial selection process for admlssion to the School.
The currlculum is designed to provide opportunities for pupils of varied abllllias and inleresls. The
subjects offered are in lino with the National Curriculum and cover key learning areas. There is an
increasing focus on encouraging and dev8loplng self-directed learning principles with students.
Oneschool Glob81 UK was Incorporated for that purpos¢ and. whilst r¢cognising the responsibilllies of
each relevant local community, il is considered that th8 advantages of providing education through one
organisalion are conslderable and that in partlcular allows..
lal delivery of a single entsly to provide a 8inglg 9mployer of school 8laff',{bl delivery of positive l¢arning
outcomes in line with a slngle, Global vl8ion,' andlc) maximisalion of the b8nefSts of a UK-wide
ecosystem.
ObJectSves
We have referred lo the guSdance conlalned in th8 Charity Commission's general guidance on publlc
benefit and we have had regard to il when rovlewing our aims and objectives, and in planning our
future activities. In particular we consider how planned activitie5 will contribute lo the educational aims
and objectives we have set.
Plans for futura parlods
We intend to contlnue lo support Oneschool Global UK to provide a quality and deliver a con8lStent
and high level of educational experience and outcome for all students and staff, In accordance with the
Trust's ethos and values.
structure, govemance and management
ststus of the Charfty
Oakhill Edu¢alion Trust was conslituled under a Tw$1 Deed on 17 November 1997, and is reglslered
wllh the Charity Commission as a charltable Tnjst, Number 1067583.

Page 4
Oakhill Education Trust
Trustees. Annual Report I￿ntIn￿O￿l
Year ended 31 Decamber 2020
Structure, governance and management (conelnued)
Trustees appolntment, Inductlon and tralnlng
There are clear recruilmenl, Induction and training poll¢ies in place for Trustees which are reviewed on
a regular basis. A prospective Trustee is interviewed by Iwo or three Trustees before being elected at
a Trustees rneellng. The inductlon of a Tru51ee includes studying relevant material and then a period
of tralning and support from fellow Trustees before undertaklng their speciflc area of rasponsibility. No
Trustees are r8muneraled for th9ir services nor do they recelve any contributions for oul-ol-pocket
expenses.
Organlsatlonal strurture and dac151on maklng
Thore are currently 4 Trustees., Mr lain Cooper, Mr Kenneth Gardlner, Mr Damlan Lynes and Mr Daryl
stanley.
Reference and adminlstratlve dotalls
Reglstered charfty name
Oakhlll Education Trust
Charity reglstratlon number
1067583
Prlnclpal offlce
101 Sandy Lane South
Wallinglon
Surrey
SM6 9NW
Th¢ trustees
laln Cooper
Kenneth F Gardiner
D8mlan Lynes
Daryl Stanlgy
Subsldlary Compani06: ATC Enterprises Ltd {81509941
Bankers
Lloyds Bank plc
40 Woodcole Road
Wallinglon
SM6 ONN
Audltor
Atherton Brooks LLP
Chartered Accountants & Statutory Audllor
9 Cheam Road
Ewell
Surrey
KT17 1SP

Page 5
Oakhill Education Trust
Trustees. Annual Report fcontlnu
Year ended 31 December 2020
Events after the end of th• reportlng perlod
There are no 8vent8 afler the end of th8 reporting period that need to be included in the Trustees
Annual Report except for the effect of tha pandemic of Coronavirus that affected the Charity from
March 2020. The Charity is well adapted to online and self-directed learning which has meant that the
education of th8 Students has been abl8 lo continue uninterrupted via onllne meeting platforms. After
maklng appropriate enquiries, the Trustees have a reasonable expectation that the charity has
adequate resources lo continue in operallonal exlslence for thè foreseeable future. For this reason, il
continues to adopt the going concern basis In preparing tho financial slalemenls. Further details
regarding IhÈ adoption of the going concern basls can be found in the Accounting Policies.
The trustees. annual report was approv9d on ..... ....
and signed on behalf of the board of
Iruslees by..
laln Cooper
Trustee

Page 6
Oakhill Education Trust
Independent Auditor's Report to the Members of Oakhill Education Trust
Year ended 31 December 2020
Oplnlon
We have audited the financial slalèmenls of Oakhill Educallon Trust Ilhe 'charill} for the year ended
31 December 2020 which comprise the statement of financial actlvitles, statement of flnancial position,
Slalemenl of cash flows and the related notes, including a summary of significant accounting policies.
The financial reporting framework that has been applled In their prgparalion is applicable law and
United Kingdom Accounting Standards, Including FRS 102 The Financial R8porting Standard
appllcable in the UK and Republlc of Ireland IUnSled Kingdom Genérally Accepted Accounting
Practlcel.
In our opinion the financial statements..
give a true and fair view of the slate of the charitys affairs as at 3108cember 2020 and of its
incomlng resources and applieatlon of resourc85, including its income and expenditure, for the
year then ended.,
have been property prgpared Sn accordance with United Kingdom Generally Accepted Accounting
Praclic8'.
have been prepared in accordance with the requlremenls of the Charllles Act 2011.
Basls for opinion
We conducted our audit in accordance Inlgrnation81 Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the 8udilor's
responsibilities for thé audit of the financial statements section of our report. We are independent of
the charily in accordance ￿th the ethical requirements that are relevant lo our audit of the financlal
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responslbillties in 8ccordance wllh the88 requirements. We believe that the 8udil evldence we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial stalements. we hav8 concluded that the Iruslees, use of the going concern
basis of accounting in the preparatlon of the financial slalemenls is appropriate.
Based on tha work we have pgrfomied, we have not Identified any material uncertalntles relating to
events or conditions that, Individually or Go11ectively, may cast significant doubt on the charitls ability lo
continue as a going concarn for a period of al least twelve monlhs from when the financial statements
are authorised for issue.
Our responsibilitios and the responsibilities of the Iruslees ￿th regP8cI lo golng concern are described
in the relevant sections of Ihls report.

Page 7
Oakhill Education Trust
Independent Auditorfs Report to the Membars of Oakhill Education Trust
(contlnuedl
Year ended 31 December 2020
Other Informatlon
The other informatlon comprises the Information included in the annual report, olher than the financial
slalemenls and our auditor's report thereon. The trustees are responsiblg for the other information.
Our opinion on the financial statements does not cover the other information and, oxcept to the exl8nt
olheMis8 explicilly staled in our report, Wg do not axpress any form of assurance con¢lusion thereon.
In connection with our audit of the financial stal6menls, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsislenl with the
financial slatemgnls or our knowledge obtained in the audit or othenthse appears to be materially
misslaled. If we identify such matèrial Inconsistencies or apparent material misstatements, we are
required lo determine whelhgr there is a material misstatement in the financial statements or a
mat8rial misstatement of the other infoTmallon. If, based on the work we have performed, we conclude
that therè is a material mlsstalemenl of this olhgr information. we are required to report that fact.
We have nolttlng to report in this regard.
Matters on whlch we ore requlrèd to report by excgptlon
In the light of the knowledge and underslandlng of the chartly and Ils envlronmenl obtained in Ihe
course of the audit, we have not identified material mlsslatements in the IruslÈes' report.
We have nothlng lo report In respect of thè followlng matters In relation to whi¢h the Charities Act 2011
requlrès us to report to you If. In our oplnion:
the Informatlon given in the trustees, report Is Inconslstent in any materlal respect with the
financial statements., or
adequate accountlng records have not been kept. or
the flnancial statements are not in agreement wSth the accounting records and returns,. or
we have not received all the Information and explanations we require for our audll.
Responslbllltles of trustees
As explalned more fully in the Irust8es' responsibllitles statement, Ihe trustees are responsible for the
prgparalion of the financial statements and for belng satlsfied that they give a true and fair view, and
for such internal control as the trustees determine is necessary to enable the preparatlon of financial
statements that are froe from Mate￿81 misstatement, whelher due lo fraud or error.
In preparing the fin8nclal slalemenls, the Iru8tees are responslble for assessing the charitls ability to
conllnue as a going concern, discloslng, as applicable, matters rglalerl to going concern and using the
going concern basis of accounting unless the trustees either intend to liquldale the charity or to cease
operation8, or have no realisllc allernatlv8 bul to do so.

Page 8
Oakhill Education Trust
Independent Auditor's Report to the Mombers of Oakhill Education Trust
(cotjllnuedj
Year ended 31 December 2020
Audltor's responslbllltl¢s for the audlt of the flnanclal statements
OUT objeclives are lo obtain reasonable assurance about whether the financial Statements as a whole
are free from material mlsslalemenl, whether due lo fraud or error, and lo issue an audilorfs report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee Ihal
an audll conducted in accordance with ISAS {UKI wlll always delect a material misstatement when il
exists. Misslalemenls can arise from fraud or error and are considered material if. individually or in the
aggregate, they could reasonably be expected lo influencg the econornic decislons of users taken on
the basis of thèse flnanclal ststements.
Irregularities, including fraud, are Instances of non-compliance wlth laws and regulations. We design
procedures in line with our re8ponsibililles, outllned above, lo delecl material misstalemenls in respect
of irregularities, including fr8ud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below..
Ag part of an audll In accordance wlth ISAS, we exercis8 professional judgment and malntaln
professional scepliclsm throughout the audit. W¢ also..
•identlfy and assess the risks of material mlsslatement of the financial statements, whether due lo
fraud or error, design and perform audit proceduTes responsive lo those risks, and obtain audll
8vid8nce that is sufficient and approprlate lo provide a basls for our opinlon. Thè risk of not delecling a
material misslalernent resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misreprgsentalions, or the override of intemal control.
•obtain an undèrstanding of internal control relevant lo the audll In order lo design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effecthveness of the Company's internal control.
•evalu8te the appropriateness of accounting pollcies used and the reasonableness of accounllng
estimates and related disclosuras made by management.
•conclude on the appropriateness of management's use of the going concern basis of accounting and,
based on the audil evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the Companls ability lo continue as a going concern. If
wo conclud8 that a material uncertainly exlsls, we are required lo draw attention In our auditor's report
lo the related disclosures in the financial statements or, if such disclosures are inadequate, lo modify
our oplnion. Our conclusions are based on the audit evidence obtained up lo the date of our auditor's
report. However, future ovgnts or conditions may cause the Company lo cease to continue as a going
concern.
We communicate wth those charged wtth governance regarding, among other matters. the planned
scope and limlng of the audit and significant audit findlngs, Including any significant deficiencies In
internal control that we identify during our audit.

Page 9
Oakhill Education Trust
Independent Auditor's Report to tho Members of Oakhill Education Trust
l¢onlinued)
Year ended 31 December 2020
A further doscriplion of our responsibllllles for the aud51 of the financlal statements is located on the
Financial Reportlng Council's websile al www.frc.org.uklaudltorsresponsibililies. This description
forms part of our auditor's report.
Use of our report
This report is made solely to the charills members, as a body, in accordance with section 144 of the
Charitles Act 2011 and regulations made under section 154 of that Act. Our audit work ha5 been
undertaken so that we might slato to the charity's member5 Ihose mallers we are requlred lo stale lo
them in an auditor's report and for ng Other purpose. To the fullest exlenl permilled by law, we do not
accep
r as9ume respons
lily lo anyone other than the charity and the charity's members as a body,
for ou
dit work. for this
ort, or for the opinions we have formed.
Sundry Sundaran (Senior Slatulory Audllorl
For and on behalf of
Atherton Brooks L LP
Chartered Accountants & Slatulory Audllor
9 Cheam Road
Ewell
Surrgy
KT17 1SP

Page 10
Oakhill Education Trust
Statement of Financial Actlvities
Year ended 31 December 2020
2020
Reslricled
funds Total funds Tot81 funds
2019
Unreslricled
funds
Noto
Income and endowments
Donations and legacies
Charitable activities
other Iradlng activities
Investment Income
17,443
271.985
3.531
252.942
225,528
242,971
271,985
3,531
252,942
771,429
1,237.940
325,809
6.811
301,391
1,871,951
Total Income
545,901
225,528
Expendlture
Expenditure on raising funds..
Costs of raislng donations and
18gaci85
Cost8 of otheT tradlng activities
Expenditure on charitable activities
Total expenditurè
455
42
425,502
425,999
455
42
611,537
612,034
4,466
7,121
1.555,948
1,567.535
10,11
186,035
186,035
Net Income and net movom•nt In funds
119,902
39,493
159,395
304,416
Reconclllation of funds
Total funds brought fomard
Total funds carrled forward
1,335,004
1,454,908
2,035,779
2,075,272
3,370,783
3,530,178
3,066,367
3,370,783
The statement of financial activities Includes all gains and1058es recognised in the year.
All income and expenditure derlve from continuing activities.
Th• notos on pag8s 13 to 23 ftsrm part of thèse finan¢l•l stat•mènts.

Page 11
Oakhill Education Trust
Statement of Flnancial Position
31 Dacembar 2020
2020
2019
(rest8ledl
Noto
Flxed assets
Tangible fixed assets
16 3,729,177
3,898,931
Current assets
Debtors
Cash al bank and in hand
17
9,452
298,009
307,461
256,670
48,845
305,515
Credltors: Amounts falllng dué wlthln one year
Net Current assets
Total assets less CUTrent Ilabllltles
18
6,460
301,001
4,030,178
333,663
(28,1481
3,870.783
Credltors.. Amounts falling due after more than one year
Net assets
19
500,000
3,530.178
500.000
3,370.783
Funds of the Charlty
Reslricled funds
Unreslricled funds
2,075.272
1,454,906
22 3,530,178
2,035.779
1,335,004
3,370,783
Total charlty lunds
These financial 51atem8nls ware approved by the board of Iruslees and authorised for issue on
la....aC.,..&i..., and are Signed on behalf of the board by..
lain Cooper
Trustee
The not•s on pag08 13 to 23 form part of thès• financlal 8tat•monts.

Pagg 12
Oakhill Education Trust
statement of Cash Flows
Year ended 31 December 2020
2020
2019
(rostaled)
Cash flows from operatlng actlvltles
Net income
159.395
304,416
Adjustments for..
Dapreciation of tangible fixed assets
Dividend8, interest and rents from investments
Olher interest receivable and similar incom8
Accrued income
Delerrad income
186,034
212,749
(252,7881 1301,2521
(1541
11391
16,O87}
121,4341
(30,667)
Changes in..
Trade and other debtors
Trade and other creditors
Cash ganeraled from oper8Uong
247,218
1321,116)
12,502
1199,8801
{11,429)
147,6361
Interest received
Nel cash Iroml{used Inl operating acllvitios
154
139
12,656
147,4971
Cash flows from Investlng actlvltiés
Dividends. interest and rents from investments
Purchase of langiblg aysels
Proceeds from sale ol tangib19 assets
Net cash fromllu8ed inl investing activities
252,788
301.252
116,2801 1620,1011
154.462
236,508
1164,387)
Net Increaselldecreasel in cash and cash equlvalents
Cash and cash equivalents at beglnning of year
Cash and cash equlvalents at end of yoar
249,164
48,845
1211,884)
260,729
48,845
298,009
The notes on pag•s 13 to 23 form part ol these Ilnanclal $tat•mènts.

Page 13
Oakhill Education Trust
Notes to the Flnancial Statements
Year ended 31 December 2020
General Informatlon
The charity Is a publ1¢ benefit enllly and a regist¢red charity in England and Wales and is
unincorporated. The address of the principal offlce is 101 Sandy Lane South, Wallington, Surrey,
SM6 9NW.
Statement of compllan¢e
These financial statement$ have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Rgpublic of Ireland,, the Statement of
Recommended Practlce applicable to cha￿lieS pr8parlng thelr accounts in accordance with the
Financial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021 IChariti8s
SORP IFRS 10211 and the Charllies Act 2011.
Accountlng pollcles
Basls of preparatlon
The financial statements have been prepared on the historlcal cost basls, as modified by the
revaluation of certain financial assets and liabilities. The financial statements are prepared in
sterling, which Is the functional currency of the entsty.
Golng concern
There are no material uncertaintles about the charills ability lo continue.
Con$olidatlon
The charity 1$ not required lo prepare consolldated accounts in accordance with the Chorlties Act
2011.
Judgemonts and koy souvces of estlmatlon unGortalnty
The preparation of the flnancial statements requires management lo make judgements,
eslimateg and assumptions that affect the amounts reported. Th9se estimates and ludgemenls
ara continually reviewed and are based on experience and olh8r factors, including expectstions of
future events that are believod to be reasonable under th8 circumstances. There are no
ludgemenls made in the pro¢es8 of applying the entitys accounting policles that have a
significant effect on tho amounts recognised in the financial statements.
Fund accountlng
Unrestricted funds are available for use at the dlscretlon of thg Iruslees lo further any of th8
charills purposes.
Oesignaled funds are unrestrlcled funds earmarked by the trustees for particular future project or
commitment.
Restrlcted funds are subjècted to restrictions on Ihely expendllure declared by the donor or
through the terms of an appeal, and fall into one of I￿0 sub-classes.. re5trfcted income funds or
endowmènt funds.

Page 14
Oakhill Education Trust
Notes to the Financial Statements (eonNnuorf1
Year ended 31 December 2020
Accountlng pollcles (conllnued)
Incomlng resources
All income is included in the statement of financial activitles when entitlement has passed lo the
charity, il is probable that the economic beneflls assoclated with the transaction wll flow to the
charity and the amount can be rellably measured. The following specific policies are applied to
partlcular categories ol income..
income from donations or grants is recognised when thero is evidence of entitlement to the gift,
receipt is probable and its amounl can b8 measurod reliably. Grants relating to performance are
recognised as the Charity earns the rlght to consideratlon by ils performance.
legacy income is racognised when receiptlg probable and enlSllemenl is establishad.
incorne from donated goods Is measured at the fair value of tho goods unless Ihls Is impractical
lo measure reliably, in which case the value is derived from the cost to the donor or the estimated
resale value. Donated facilllies and services ar8 recognised In the accounts when received if the
value can be reliably measured.
income from fundraising ev8nts is recognisod when it is received.
School fees are recognlsed in tha period lo whlch the feas relate.
Dislribuliong recelved from subsidiary undertakings are shown as "Income from group
undertakings and only the amounts act4Jally feceSved aT9 recorded In the financial statements.
Contribution of general volunteers is valued at the total number of hours given to the charity al the
minimum wage rate for 25 years and over.
Resources expended
Expenditure is recognised on an accruals basis as a liability Is incurred. Expendlture includes any
VAT which cannot be fully recovered, and is classified under headlngs of the slalement of
financial activities lo whlch It relates:
expenditure on raising funds Includes the costs of all fundralsing acllvilies. events, non-
charitable trading actlvi118S, And the salg of donated goods.
expenditUTO on charllable acllvities indudes all costs incurred by a charity Sn undertaking
activitles that further Its charitable aims for th8 benefit of Its beneficl8ries, including those
support costs and Gosts relating to tho governance of the charity apportioned lo charitable
aclivilies.
other expenditure Incjudes all expenditure Ihal Is neither related to ralsing funds for the
charity nor part of Ils expenditure on charitable activitles.
All costs arg allocated lo expenditure categorles reflecllng Ihe use of Ihg rèsource. Dlrecl costs
allribulable lo a single activlly are allocated directly lo that acllvlly. Shared costs are apportioned
between the activities they contribute lo on a reasonable, luslifiable and consistent basis.
Tanglble assets
Tangible assets are Initially recorded at cost, and subsequently slated al cost less any
accumulated depreciation and Impairment losses. Any tangible assets carried al revalued
amounts are recorded at Ihe fair value al the dale of revaluation less any subsequent
accumulated depreclalion and subsequent accumulated Impairment losses.

Page 15
Oakhill Education Trust
Notes to the Flnancial Statemants (¢ontlnue¢rfJ
Year ended 31 December 2020
Accountlng policies (conllnuttd)
Tangible assets (Conllnued)
An Increase in the carrying amount of an asset 88 a result of a revaluation, is recognis8d in other
Tecognised gains and losses, unless11 reverses a charge for impairment that has previously been
recognlsed as expenditure wllhin the statement of financial aclivilies. A decrease in Ihe carwng
amount of an assgt as a result of revaluallon. is recognised In other roGognised gains and losses,
except to which it offsets any previous revaluation galn, In which case the loss is shown within
other recognised gains and losses on the statement of flnancial activitie5.
Doprociatlon
All asse1$ purchasod over £500 are capitalised and depreciation is provided on all capilalised
assets from the capital fund as bglow.
Freehold property
Long leasehold property
Fixtures. fillings and equipment
Equipment
Portacabin
straight line lo the year ended 31 December 2038
250/0 reduclng balance
330h straight Ilne
25•h redu¢lng balance
No depreciation Is provided on the freehold land and bulldings and leasehold buildings.
The Improvements to the Kenley Gampus are belng depreciated over the estsmaled useful life,
whlch Is expected to end on 31 December 2038.
Impairment of fixed assets
A re￿eW for Indicator8 of impairment is carried out al each reportlng date, with the recoverable
amount belng estimated where such indlcators exist. Where the carrying value exceeds the
recoverable amount, the asset Is impaired accordingly. Prlor Impairménts are also reviewed for
possible revers81 at e8ch reporting dale.
For the purposes of impaimient tegting, when it Is not posslble lo estimate the recoverable
mount of an Individual asset, an estimate Is mad¢ of the recoverable amount of the c8sh-
generatlng unil to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash Inflows that largely independent of the
cash inflows from other ass91s or groups of assets.

Page 16
Oakhill Education Trust
Notes to the Financial Statements (conllnued)
Year ended 31 December 2020
Accounting poll¢los (eontlnuedl
Flnanclal Instrumonts
A financial asset or a financial liabillty Is recognised only when the entlty becomes a party lo the
orslraclual provisions of the Instrument.
Basic financial instruments are initially re¢ognised at the amount receivable or p8yable including
any related Iran5aGllon cogls, unless th8 arrangement constilules a financing transaction. where it
is recognised al the present value of the future payments discounted at a market rate of Inter@st
for a simllar debt inslrumenl.
Current 8ssets and current liabllllies are subsequently measured al the cash or other
consid8ration ¢xpecl8d lo be paid or received 8nd not discounted.
Debt instruments ar8 subsequently measured al amortised cost. Financial assets that are
measured at cost or amortised cost are reviewed for objective evidence of impairment al the end
of each reporting dale. If there is oblecllve evidence of impairment, an impalrmenl Ioss 18
recognlsed under the appropriate heading in the statement of financial activities in which the Inillal
gain was recognised.
For all equity instNm8nts regardless of significance, and other financial assets that are
individually signiflcanl, these aro assessed indlvldually for impairment. Other financial assets are
either assessed indivldually or grouped on the ba51s of slmllar credit risk characlerislics.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
r6suII in a Carrying amount of the financial asset that exceed8 what the carrying amount would
have been had the impairment not prevlously been recognisad.
Donatlons and legacles
Unrestricted
Funds
ReslriGl8d Total Funds
Funds
2020
Donatlons
Donallons
Donated seNices
1.182
8,592
1,182
8,592
Grants
Focus grants
SEN grants
225,528
225,528
7.669
7,669
17,443
225,528
242,971
Unrestricted
Funds
Restrlcled Total Fsjnds
Funds
2019
Irestaled)
Donatlons
Donations
Donated getViCgS
276,255
64,920
276,255
64,920

Page 17
Oakhill Education Trust
Notes to the Financlal Stataments leonllnuod)
Year ended 31 December 2020
Donatlons and legacles iwnilnu8dJ
Unrestricted
Funds
Restricted Total Funds
Funds
2019
freslatèdj
Grants
Focus grants
SEN grants
685,714
36,275
1,063.164
174,776
860,490
36,275
1,237,940
174.776
Charltablè actlvltlas
Unrestricted Total Funds Unreslricled Total FLJnds
Funds
2020
Funds
2019
(rnsta¢edJ
Fees received
Other income
271,046
939
271,046
939
317,387
8,422
325,809
317,387
8,422
325,809
271,985
271.985
other tradlng actlvitles
Unrestricted
Funds
Restricted Total Funds
Funds
2020
Fundraislng events
Miscellaneous
Rental income
1.148
2,383
1,148
2.383
3,531
3,531
Unrestricted
Funds
Restricted Total Funds
Funds
2019
(rqslatedj
Fundraising events
Miscellaneous
Rental income
851
1,093
4,367
6,311
500
1,351
1,093
4,367
6,811
500
Investment Incomo
Unreslrlcled Total Funds Unreslrlcled Total Funds
Funds
2020
Funds
2019
(réslated)
Income from group undertakings
Bank interest receivable
252,788
154
252,788
154
301,252
139
301,252
139
252,942
252,942
301.391
301,391

Page 18
Oakhill Educatlon Trust
Notas to thé Flnancial Statements (¢ontlnu•dJ
Year ended 31 December 2020
Costs of ra181ng donatlons and legacies
Unreslricled Total Funds Unreslricled Total Funds
Funds
2020
Funds
2019
(rnslotodl
Costs of Yaising donations and legacles
Donations
455
455
4,466
4,466
Costs of other tradlng actlvltlgs
Unrestricted Totsl Funds Unrestrlcted Total Funds
Funds
2020
Fund8
2019
(rest•l8d)
Costs of other trading aotlvllles
Operating Irading company
42
42
7,121
7,121
10. Expendlture on charltable a¢tlvltles by fund type
Unr9slricled
Fund5
Restricted Total Funds
Funds
2020
School costs
Support Gosls
425,21Q
292
186,035
611,245
292
425,502
186,035
611.537
Unreslricled
Funds
Re51ricled Total Funds
Funds
2019
(réstal8dJ
School costs
Support costs
1,174,229
14,508
1.188,737
367,211
1,541.440
14.508
367.211
1,555,948
11. Expenditure on charftable actlvltles by actlvlty type
Aclivlti88
undertaken
direGlly Ssjpport costs
Total funds
2020
Total fund
2019
School costs
Governance costs
611,245
611,245
292
1,541,440
14,508
1,555,948
292
611,245
292
611,537

Pagg 19
Oakhill Educatlon Trust
Notes to the Financial Statements (eontlnued)
Year onded 31 December 2020
12. Net Income
Net income is stated after charglngl(credlling)'.
2020
2019
{rèsiét8d)
Depreciation of tangible fixgd assets
186,034
212,749
13. Audltors remuneratlon
2020
2019
{rest8ted)
Fees pay8blo for the audit of the financial statements
4,512
9,024
Fees payable to the charitys audltor and ils a8so¢Sates for other services..
other assurance seNice8
Other non-audil services
2.178
1.080
1,080
2,178
Th8 Trust has entered into a general limitation of Ilability agreement WTth the auditors on 18th
February 2019 which reslricls the clr¢umslances in whlch the auditors can be held responslble for
losses, surcharges, penalties, Interest or addllional lax Ilabililies, Those circumslanc8s include
the supply of incorrect or Incomplete information. or failure to supply any information or lo act on
the auditors advice or respond promptly lo communications from the auditor.
14. Staff costs
Tho lotal staff costs and employee benefits for th8 reportlng period are analysed as follows:
2020
2019
(rnstal8d)
Wages and salari88
Social socurily Costs
Employer contributions lo pgnsion plans
694,857
56,622
64,514
815.993
The average head count of employees durlng the year was Nll12019.' 231.
No employee recelved employee benefits of more than £60,000 during the year12019'. NIII.
15. Trustee remuneration and expgnsès
No Trustee received any ￿Muneration or recelved any other benefils from employment wllh theSr
charity or related enlily. All related party transactions are at arm8 length and are detailed in Note
25 of the Financlal Statements.
No Iruslees expenses havg bggn Incurred duTing the year.

Page 20
Oakhill Education Trust
Notes to the Financial Statements {conllnuèdJ
Year ended 31 December 2020
16. Tanglble fix•d assets
Land and
buildings
Portacabin
Total
Cost
At 1 January 2020 las restaled)
Addltlons
4,684,206
16,280
4.700,486
31.867
4.716,073
16,280
4.732,353
At 31 Decomber 2020
31,867
Depreclatlon
At 1 January 2020
Chargg for the year
At 31 December 2020
786,641
185,693
972.334
30,501
341
817.142
186,034
30,842
1,003,176
Carrying amount
At 31 December 2020
3,728,152
3,897,565
1,025
3,729,177
3,898,931
At 31 December 2019
1.366
Th8 nel book value of land & buildings as al 31 st December 2020 Is made up of ttte following
properties..
2020
2019
Freehold premises
Kenley sile refurbishment- long term
Freehold land
Primary school improvements
Primary school ground improvements
Total net book value as at 31 st DeGember
715,415
3,127,548
54,600
715,415
2,798.289
54,600
3,897,565
3,568,306
17. Debtors
2020
2019
(résta18dJ
Trade debtors
Prepayments and accrued income
Other debtors
8,223
1,229
250,531
3.592
2,547
256,670
9,452
18. Credltors: Amounts falllng due wlthln one year
2020
2019
(rest8t8d)
Trade creditors
Accfuals and deferred Income
868
5,592
6,460
23,086
310.577
333,663

Pagg 21
Oakhill Education Trust
Notes to the Financial Statements {¢ontlnued)
Year ended 31 December 2020
19. Credltows: Amounts falllng due after moré than onè year
2020
2019
(reslaied)
Oth8r creditor8
5DO,000
500,000
The directors of Central GH Trusl waived interest on the loan with effect from 1 st April 2020 loan.
Repayment is not being sought on thls loan before March 2022 when repayrnenl of the loan will
bg reassgssed.
20. D8ferr¢d Income
2020
2019
(ro$t*¢ed)
At 1 January 2020
Amount released to Income
Amount deferred in year
At 31 December 2020
298,898
1298,898)
298,898
298,898
21. Pensions and other post retlrem•nt benellts
Deflned contrlbutlon plan#
The amount recognlsed In Income or expenditure as an expense in relation to defined
contribution plans was £Nil (2019.. £84,514).
22. Analysls of charltable funds
Unrestricted funds
At
1 January 202
At
31 December
2020
Income Expenditure
General funds
1,335,004
545,901
{425,9991 1,454,906
Al
1 January 201
At
31 December
2019
Income Expenditure
General funds
838,653
1,696,675 (1,200,324) 1,335,004

Page 22
Oakhill Education Trust
Notes to the Financial Statements (¢onllnu¢d)
Year ended 31 December 2020
22. Analysls of charltable funds (¢onllnued)
Restrlcted funds
At
31 December
2020
1 January 202
Income Expenditure
Capital fund
2,035,779
225,528
(186,0351 2,075.272
Al
1 January 201
Al
31 December
2019
Income Expenditure
Capital fund
2,227,714
175,276
1367,2111 2,035,779
23. Analysls of net assets between funds
Unroslricled
Funds
Restdcted Total Funds
Funds
2020
Tanglble fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net asset$
3,729,177
3,729,177
307,461
16,4601
16,460)
1500,0001 (500.000)
3,222,717
3,530,178
307,461
307.481
Unreslricled
Funds
Restricted Total Funds
Funds
2019
Tanglble fix8d assets
Current ass8ls
Creditors less than 1 year
Creditors greater than 1 year
Net assets
3,898,931
3,898,931
305,515
1333.6631 1333,663)
1500,0001 1500,0001
3,065,268
3.370,783
305,515
305,515
24. Prlor year adjustments
A reslatemenl has been made to the 2019 (prior yearl Statement of Financial Position Inole 18..
Credilors.. Amounts falllng due after ona year) lo reclassify £298,898 from Other creditor8 to
Accruals and deferred Income.
The amount of £298,898 h88 been released lo Fee income in tho Statement of Flnanclal actimlies
in the current year. Fee income Is disclosed wllhin note 5 (Charitable acliviliesl.

Page 25
Oakhill Education Trust
Detailed Statement of Financial Activities
Year ended 31 December 2020
2020
2019
Income and endowments
Donatlons and legacles
Donations
Donated services
Focus grants
SEN grants
1,182
8,592
225,528
7,669
276,255
64,920
860,490
36,275
242,971
1,237,940
Charltable activities
Fees received
Other income
271,046
939
317,387
8,422
271.985
325,809
Other trading actlvltles
Fundralsing events
Miscellaneous
Rental Income
1,351
1,093
4,367
1,148
2,383
3.531
6,811
Investment Income
Income from group und8rtakings
Bank interest receivable
252,788
154
301,252
139
252,942
301,391
Total Income
771.429
1,871,951

Page 26
Oakhill Education Trust
Detailed Statement of Flnancial Actlvities (contlnuedl
Year ended 31 December 2020
2020
2019
Expenditure
Costs of raislng donations and legacles
Wageslsalarles
455
4,466
Costs of othar tradlng a¢tlvltlès
Premises costs
42
7.121
Ex￿ndIture on charltable actlvltles
Wages and salaries
Employels NIC
Pension costs
Other establishment
Other molorllravel costs
Legal and professional fees
Depreciation
Premises costs
Administration
Learning Tesources
Relocallonexpenses
Other expenses
Oonaled services
Grants paid lo UK charlliès
Charitable éonalions pald lo One School Global
Redundancy costs
Staff unlforms
694,857
56,622
64.S14
154,463
41,390
14,345
212,749
132,453
22,691
27,402
24,140
24,083
64,949
200
292
186,035
5,383
145
4,513
8,592
406,487
21,037
53
611,537
1,555,948
Total expendlture
612,034
1,567,535
Net Income
159,395
304,416

Page 27
Oakhill Education Trust
Notes to the Detailad Statement of Flnanclal Activitias
Year ended 31 Dacember 2020
2020
2019
Cost5 of ralslng donations and legacles
Costs of raising donations and legacles - Donatlon$
Fundraising - other
455
4,466
Costs of ralslng donatlons and laga¢les
455
4.466
Costs of other tradlng actlvltles
Costs of other tradlng actlvltles . Operatlng tradlng company
Uniform purchases
42
7,121
Costs of othor Iradlng activltles
42
7,121
Expenditure on ¢harltable actlvltles
School costs
A¢tiviti•s undertakén dlrectly
W8geslsalarles
Employerfs NIC
Pension costs
Donated assets
Transport cost
Depreciation
Premises cost
Adminislralion
Learning resources
Relocation expenses
other expenses
Donated services
Grants pald lo UK charitles
Charitable donations pald to One Schts)l Global
Redundancy ctssls
Staff uniforrns
694,857
56,622
64,514
154,463
41,390
212.749
132,453
22,528
27,402
24,140
24,083
64,949
200
186,035
5,383
90
145
4,513
8,592
406,487
21,037
53
611,245
1,541,440
Govomancè costs
Audit fees
Legal and other professional fees
School inspection costs
292
10,592
3,753
163
292
14,508
Expendlture on charltable actlvltles
611,537
1,555,948