Charity number: 1067583
OAKHILL EDUCATION TRUST
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

OAKHILL EDUCATION TRUST
CONTENTS
Page
Reference and adminlstrative detaSls of the Charity) its Trusteeg and advisers
Trustees. report
Trustèès, responsibilities statèment
Independent auditor's report on the financial statements
Consolidated ststement of flnancial activitles
Consolidated balance sheet
10
Charity balance sheet
Consolidated statement of cash flow5
11
12
Notes to the financial statemonts
13-30

OAKHILL EDUCATION TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
I Cooper, Trustee
K F Gardiner, Trustee
O Lynes, Trustee Iresigned 25 May 20211
D Stanley, Trustee
Charity registerèd
number
1067583
Principal office
101 Sandy Lane South
Wallinglon
Surrey
SM6 9NW
Indgpendellt audltor
Crowe U.K. LLP
Fourth Floor
Sl James House
Sl James Square
Chellenham
GL50 3PR
Bankers
Lloyds Bank plc
40 Woodcole Road
Wallin9lDn
SM6 ONN
Page 1

OAKHILL EDUCATION TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 310ECEMBER 2021
The Trustees of Oakhill Education Trust present their annual report and audited accounts for the year ended
3181 December 2021 and confirm they comply wlh the requirements of the Charities Act 2011, the Trust deed,
FRS102 and Ihe Charities SORP IFRS 1021.
Ob ectivas and Activities
The charitable objects of the Trust ara the advancement of the education ol children and young people. The
objects also include any other charitable purpose for the benefit of the worldwide Christian fellowship known as
the Plymouth Brethren Christian Church.
In furtherance ol ils objects, the Tiusl provides one premise under form21 lease for an independent school based
in Little Woodcole Centre, Telegraph Track. Carshallon, SM5 4AZ, which has been run by Oneschool Global UK
(OSGUKI.
The Trust also provides grant funding and other financial support to OSGUK al the discretion of the Trustees in
order to enable OSGUK lo provide a well balanced education at primary and secondary levels. for children and
young people whose parent5 appreciate the Christi8n ethos.
SLJccess is measured in terms of th6 provision of appropriate facilities lo OSGUK whilst minimising expendrture.
This in turn, frees up funds for raising standards of education for all concerned and for the improvement of
facilities for pupils Bnd staff alike.
The Trustees have referred lo the guidance contsined in the Charity Cornmission's general guidance on public
benefit and have regard lo il when reviewing their aims and objectives, and in planning their future aclivilies. In
particular they consider how planned activities will Contribute lo the educational aims and objectives they have
sel.
Volunteers are an Integral part of the community ethos and values of the Trust and there are strong and willing
group of volunteers who assisl and support the Twst throughout the year.1
Structure Governancè and Mana
ement
Oakhill Edu¢ation Trust is constituted by a Deed of Trust dated 17 November 1997 and is registered with the
Charity Commission for England and Wales (Registered Number 10675831.
The Trustees who served during the year and since the year end are set out on page 1. None of the Trustees,
nor any person connected with them, received any remuneration from Ihe Trust in the year ended 31st
December 2021 (year ended 31 sl December 2020 £nill. The power lo appoint Trustees is invested in the
&xisling Trustees subject lo the Tru51 Deed requirement. Trustees are selected 8¢cording lo their own
specialism in a particular field and are expected lo pursue that spe¢ialism. New Trustees are instructed in the
need lo completely adhere lo the ethos and values of the Trust.
The Trustees hav& examined the major slralegic, business and operational risks that the Trust faces. The
Trustees are satisfied that the major risks identified have been adequately miligal8d where necessary. 11 is
recognised that systems can only provide reasonable bul not absolute assurance that majoT risks have been
adequately managed.
nificant Activities
Throughout the year the Trust h8s conllnued lo provide support for the 8ducalional activities of OSGUK.
The Trust has 8 wholly owned sub8idi8ry company. ATC Enl8rprises Ltd IRegisl&red Number 081509941 which
undertakes trading activities. All profits ¢hargeable lo corporation lax are gilled to the Trust in support of the
charilsble activities ol the Trust.
Page 2

OAKHILL EDUCATION TRUST
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
Financial Review
The Financial slalemenls lor the YE 2020 were not ￿nsol￿dated bul have now been consolidated for the YE
2021 to fully incorporate the impact of ATC Enterprises Ltd. Tol81 Funds as al 31 st December 2020 before
restatement were £3.530,178 and after reslalemenl were £3,857,797.
In the year ended 31st December 202fj the Group ￿ported 8 net delicil of £206,11012020 surplus of £239,917).
All funds are unreslricled.
The Trust is supported and financed principally by profits from ils trading subsidiary ATC Enlerprsses Lld
{Regislered Number 081509941 plus other ad hoc donations and those raised by fundraising events and grants
from the Grace Trust. The Trustees believe Ihal the Tiusl's funds are sufficient lo miligale any short lo medium
lem risk of reduced funding.
The Trust's fundraising events principally operate within the Brethren community and professional fundraisers
are not used. Neither the Trust nor any person acting on behalf of the Trust was subject lo an undertaking lo be
bound by any voluntary scheme for regu181ing fund-raising, or voluntary standard for fund-raising in respect of
activities on behalf of the trust.
The Trustees. policy is lo maintain minimum free reserves al a level which equates lo six months, unreslricled
expenditure. This is approximately £15,000. Al 31st December 2021 the free reseNes of the Trust were
£-183,411131 st December 2020 £-198,9991.
After making appropriate enquiries, the Trustees have a reasonable expeclalion that the charity has adequate
resources to continue in operational exislen¢e for the foreseeable future. For this reason, il continues lo adopt
the going Concern basis in preparing the financial statements. Further details regarding the adoption of the goin9
concem basis can be found in the Accounting Policies.
Plans For Future Periods
The Trustees plan lo continue lo support OSGUK lo provide a quality and deliver a consislenl and high levol of
educational experience and oulcom$ for all students and staff, in a￿OrdanCe with the Trust's ethos and values.
The land and buildings leasecj lo OSGUK are all in the name of'The Croydon and District Education Twsl, and
the plan remains for the land and buildings lo be transferred over lo Oakhill Education Trust at the earliest
opportunity.
Approved by order of the members of the board of Trustees and signed on their behalf by.
K F Gardlner
Trustee
Dale.,
Page 3

OAKHILL EDUCATION TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees are responsible lor preparing the Trustees, report and the financial slalements in accordance with
applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted A¢counling
Pracli¢el.
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial slalemenls for
each financi81 year which give a true 8nd lair view of the slate of affairs of the Group and the Charity and of their
incoming resources and applicallon of resources. including their income and expenditure, for that period. In
preparing these financial slalemenls, the Trustees are required lo..
select suitable a¢¢ounling policies and then apply them consislenlly.,
observe the methods and principles of the Charities SORP IFRS 102).,
make judgments 8nd ac¢ounling eslimales that are reasonable and prudent.,
8181e whether applicable UK Accounting Slandards IFRS 1021 havo been followed, subject to any material
departures disclosed and explained in the financial slalerllenls",
prepare the financial statements on the going concern basis unless il is inappropriate lo pr&sume that the
Gioup will continue in business.
The Trustees are responsible for keeping adequate accounting récords that are sufficient lo show and explain
the Group and the Charity's Iransaclions and distlose with reasonable accuracy al any lime the financial position
of the Group and the Charity and enable them lo ensure that the financial slalemenls comply wlh the Charities
Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the proifjsions ol the Trust deed. They are
also r¢spDnsible lor safeguarding the assets of the Group and the Charity and hence for taking reasonable steps
for the prevanlion and deleGlion of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on ils b&half by..
K F Gardiner
TTUSte
Dale..
Page 4

OAKHILL EDUCATION TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OAKHILL EDUCATION TRUST
Oplnion
We have audited the financial slalements of Oakhill Education Trust Ilhe'parent charilll and ils subsidiaries {Ihe
'group'l for the yéar ended 31 December 2021 which comprise the Consolidaltsd slalemenl of financial aclivilies,
the Consolidated balance sheet, the Charity balance sheet, the Consolidated slalemenl of cash flows and Ihe
Telaled notes, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ire18nd' Iuniled Kingdom Generally Accepted Accounting Praclicel.
The financial slalemenls have been prepared in accordance wfth Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic
of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities". Slalemenl of Recommended
Practice issued on 1 April 2005 whi¢h is referred lo in the extant regulations bul has been withdrawn.
This has bèen done in order for the accounts to provide a true and fair view in accordan￿ with the Generally
Accepted Accounting Pra¢lice effective for reporting periods beginning on or after 1 January 2015.
In our opinion the flnancial slalements..
give a true and fair view of the slate of the Group's and of the parent charills affairs as al 31 December
2021 and of the Group's incoming resources and application of resources, including its income and
expenditure for the year then ended.,
have been properly prepared in accordance ￿th United Kingdom Generalty Accepted Accounting
Practice., and
have been prepared in ac¢ordance with the requirements of Ihe Charities Act 2011.
Basis for opinio
We condvcled our audit in 8ccordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditols responsibilities for the aLJdil
ol the financial sl8lemenls section ol our report. We are independent of the Group in accordance with the ethical
requirements Ihal are ￿levant lo our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Eth￿al Standard, and we have fulfilled our other elhi¢al responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate lo promde a basis lor our opinion.
Conclusions relating to golng concern
In auditing the financial slalements, we have concluded that the Trustees. Ljse of the going concem basis of
accounting in the preparation of the fi'nancial statements is appropriate.
Based on the work we have perfoimed, we have not identified any material uncertainties relating to events or
conditions that. individually or collectively, may cast significant doubl on the Group's or thè parent charity's ability
lo continue as a going concern for a period of al least twelve months from when the financial slalemenls are
aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page S

OAKHILL EDUCATION TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OAKHILL EDUCATION TRUST
(CONTINUED)
Other informatlon
The other information comprises Ihe information included in the Annual report other than the financial slalemenls
and our Audilorfs report Ihereon. The Trustees a￿ responsible lor the other information contained within the
Annual report. Our opinion on the financial slalemenls does not cover the other information and, ex￿p1 lo the
extent othe￿iSe explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our
responsibilrty is lo read the other information and, in doing so, consider whether the other Information Is
materially inconsislenl with the financial slalemonts or our knowledge obtained in the course of the audit, or
otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material
misslalemenls, we are required to determine whether this gives rise lo a material misslalemenl in the financial
sl8tements themselves. If, based on the work we have perforrned, we conclude that there is a material
nii8slalement of this other information, we are r$quired lo report th21 fact.
We have nothing lo report in this regard.
Matters on which we are required to report by exception
We have nothing lo report in respect of the following mallers where the Charities IA¢¢ounls and Reports)
Regulations 2008 requires us to report lo you if, in our opinion.,
the information given in the TTuslees' report is in¢onsislenl in any material respect with the financial
slalernenls., or
the parent Charity has not kept sufficient a¢¢ounling re¢ords', or
the parent Charity financial slalemenls are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
Responslbllitles of trustees
As explained more fully in the TDJslees' responsibilities slalemenl, the Trustees are responsible for the
preparation of the financial slalemenls which give a true and fair view, and lor such internal control as Ihe
Trustees determine is necessary to enable the preparation of financial slalemenls that are free from material
misslalemenl, whether due lo fraud or error.
In preparing the financial slalemenls, the Trustees are responsible lor assessing the Group's and the parent
charills ability lo continue as a going concern, disclosing, a5 applicable, mallers related lo going concern and
using thè going concern basi5 of 8¢counting unless the Trustees either intend to liquidate the Group or the
parent charity or lo cease operations, or have no realistic allernalive bul lo do so.
Page 6

OAKHILL EDUCATION TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OAKHILL EDUCATION TRUST
ICONTINUEDI
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under Section 151 of tha Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect Ihereunder.
Our objeclivos are to obtain reasonable assLJrance about whether the financial slalemenls as a whole are free
from material misslalemenl, whether due lo fraud or error, and lo issue an Audilorfs report that includes our
opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conduoled in
accordance with ISAS IUKI alw8ys delecl a material misslalemenl when il exists. Misslalerllenls can arise
from fraud or error and are considered material il. indiwdually or in the aggre9ale, they could reasonably be
expected to Influence the economi¢ decisions of users taken on the basis of these financial slatemenls.
Irregularities, includlng fraud. are instan￿S of non-compliance with laws and regulalions. We deslgn prO￿d￿re5
in line with our responsibilities, outlined above, lo delecl material misslalements in respect of irregularities,
including fraud, The extent lo which our Procedures are capable of deleGling irregularities, including fraud is
detailed below..
We obtained an underslanding of the legal and regulatory frameworks within which the charity operates. focusing
on those laws and regulations that have a direct effect on the delerminalion of material amounts and disclosures
in the financial slalemenls. The laws and regulations we considered in this ¢onlex( were the Charities Act 2011
and Th8 Charities and Trustee Investment Iscolland) Act 2005 log&lher with the Charities SORP IFRS 1021. We
assessed the required compliance wllh these laws and regulations as p8rt of our audit pro¢edures on the related
financial slalemenl items.
Auditing standards limit the requlred audit procedu￿$ lo identify non-compliance with these laws and regulations
lo enquiry of the Trustees and other management and inspection ol regulatory and legal correspondenc8, if any.
We identified the grealesl risk of material impact on the financial slalemenls from irregularities, including fraud,
lo be within the override of controls by management. Our audit procedures lo respond lo these risks included
enquiries of man8uemenl, and th8 Trustees about their own idenlificalion and assessment of the risks of
irregularities, sample lesling on the p081ing ol journals, revièwing accounting eslimales for biases and reviewing
regulatory correspondence.
Owlng lo the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misslalernenls in the financial statements, even Ihough we have properly planned and performed our
audit in accordance with audiling standards. For example, the further removed non.compliance with laws and
regulations lirregularitiesl is from the events and transactions reflècted in the financial slalemenls, the less likely
the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit,
there remained a higher risk of non-delection ol irregularities, as these may involve ¢ollusion, forgery. intentional
omissions, misrepresenlalions, or the override of internal controls. We are not responsible for preventing non-
compliance and cannot be expe¢ted lo delecl non-compliance with all laws and regulations.
A further descripllon of our re8pon8ibililies lor Ihe audit of the financial slalemenls is located on the Financial
Reporting Council's website at.. vow,frc.or
.uklauditorsres
onsibilities. This description foThs part of our
Audilorfs report,
Page 7

**OAKHILL EDUCATION TRUST** 

**INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OAKHILL EDUCATION TRUST (CONTINUED)** 

## **Use of our report** 

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. 


**Crowe U.K. LLP** Statutory Auditor Fourth Floor St James House St James Square Cheltenham GL50 3PR Date: 30 January 2023 

Crowe U.K. LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. 

Page 8 



OAKHILL EDUCATION TRUST
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
As r8slglsd
Total
ful￿&
2020
Unrestrlcted
funds
2021
RestriGtèd
funds
2021
Total
funds
2021
Note
Income from..
Donations and legacies
Charitable activities
Other Ir8ding activities
Investments
95,54S
6,292
1,761,294
33
95,545
6,292
1,764,294
33
242,971
275,516
1,521,841
154
Total Income
1,863,164
1,863,164
2,040,482
Expenditure on-
Raising funds..
Cost of raising donations and legacies
Costs of other trading activiliets
Other raising funds
Charitable activities
455
42
1. 188,S31
611,537
4,541,874
527.400
1,541,874
527,400
Total expenditure
2,069,274
2.069,274
1,800,565
N8t lexpendlturellincome
Transfers between funds
1206,1101
2,075,272
1206,1101
239,917
19
12,075,272>
Net movement in funds
1,869,162
12,075,272)
1206,1101
239,917
R&cDnciliatlon of fund5-.
Total funds brought forward
Nel movement in funds
19
1,782,525
1,869,162
2,07S,272
12,075,272)
3.857.797
1206.1101
3,617,880
239,917
19
Total funds carried forward
3,651,687
3,6S1,687
3.857,797
The Consolidated Slalement ol Financial Aclivilies includes all gains and losses recognised in the year.
The notes on pages 13 10 3Q form part of these financial statements.
Page 9

OAKHILL EDUCATION TRUST
CONSOUDATED BALANCE SHEET
AS AT 31 DECEMBER 2021
As r6s18led
2020
2021
Note
Fixed assets
Tangible assets
13
3,673,125
3,88t,667
3,673.125
3.881.667
Current assets
Stocks
Debtors
Cash al bank and in hand
154,050
32,155
422,448
152, 735
43,477
361, 644
16
608,653
557,856
Creditors.. amounts 1811ing due within one
year
17
1630,0911
(81,7261
Not current liabllities l assets
121,4381
476,130
Total assets less currènt liabilities
3,651,687
4,357,797
Creditors.. amounts falling due after mor&
than one year
18
(500,000)
Total net assets
3,651,687
3, 857,797
Charity funds
Reslricled funds
Unreslricled funds
19
2,075,272
1, 782,525
19
3.6S1,687
Total funds
3,651,687
3,857, 797
The financial siatemenls were approved and authorised for issue by the Trustees and signed on their behalf by.
K F Gardiner
Trustee
Dale..
-7
The notes on pages 13 10 30 form part ol these financial slalemenls.
Page 10

OAKHILL EDUCATION TRUST
CHARITY BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note
Fixed assets
Tangible assets
Inveslmenls
13
14
3,543,143
3, 729, 177
3,543.146
3, 729. 180
Current assets
Debtors
Cash al bank and in hand
16
3,271
323,310
g,452
298,009
326,581
307,461
Creditors.. amounts falling due within one
year
17
1509,9951
{6,463J
Net current liabllltles l assets
1183,414>
300,998
Total assets less current liabilities
3,3S9.732
4,OJO. 178
Creditors.. amounts falling due after more
than one year
18
(500,OOOJ
Total net assèis
3,359,732
3,530, 178
Charity furtds
Reslricled funds
Unrestricted funds
19
19
2,075,272
1,454,906
3,359,732
Total funds
3,359,732
3,530. 178
The financial slalemenls were approved and aulhorised for Issue by the Trustees and signed on their behalf by.
K F Gardiner
Trustee
Dale..
The notes on page$ 13 10 30 form part of these flnancial stalemenls.
Page11

OAKHILL EDUCATION TRUST
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
As ￿stated
2020
2021
Note
Cash flows from operatlng activities
Nel cash used in operating activrties
22
75,648
397,160
Cash flows from investing activities
Interest received
Purchase of tangible fixed assets
33
(14,8771 1148, 150J
154
Net cash used in investlng activities
114,8441 1147,9961
Change in cash and cash equivalents In the year
Cash and cash equivalents al the beginning ol the year
60,804
249,164
112,480
361.644
Cash and cash equivalents at the end of the year
23
422,448
361,644
The notes on pages 1310 30 form part of these financial slalemenls
Page12

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
General informatlon
The Oakhill Education Trust is an ullincorporaled charity Iregislered number 10675831 registered in
England and Wales. The registered address is 101 Sandy Lane South. Wallinglon. SM6 9NW.
Accountlng policies
2.1 Basis of preparatlon of financial statements
The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement ol Recomrnended Practi￿ applicable lo charities
preparing their accounts in accordanoe with the Financial Reporting Standard applicable in the UK
and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republi¢ of Ireland IFRS 1021 and the Charities Act 2011.
The financi81 statements have been prep8red to grie a 'lrue and fairf view and have departed from
the Charities IAccounls and Reports) Regulations 2008 only lo the extent required lo provide a 'lrue
and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Slalemenl of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Oakhill Education Trust meets the definition of a public ben8fil enlily under FRS 102. Assets and
liabilities are initially recognised al historical cost or transaction valu6 unless otherwise slated in Ihe
relevant accounting policy.
The Consolidalecl slalement of financial aclivilles ISOFA) and Consolidated balance sheet
consolidate the financial slalemenls of the Charity and ils subsidiary undertaking. The results of the
subsidlary are consolidated on a line by line basis.
The Charity has also taken advantage of the exemption available lo a qualifying enlily in FRS 102
from tha requirement to PTesenl a Charity only slalemelll of cash flows and certain disclosures aboul
the charity's financial instruments within the ¢onsolidaled accounts.
No separate SOFA h88 been prepared for the Charity alone.
2,2 Going concèrn
Thg Trustees are of the opinion that there is sufficient funding in place lo continue activities of the
charity. Therefore, the accounts have been prepared on a going con¢em basis.
Page 13

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng policies {continuedl
2.3 Income
All income is recognised once the Charity has enlillemenl lo the income, il Is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies Is dependent on eslahlishing entillemenl, the probability of
receipt and the ability lo estimate with sufficient accuracy thè amount receivable. Eviden¢e ol
enlillemenl lo a legacy exists when the Charily has sufficient evidence that a gift has been left lo
them Ilhrough knowledge of the existence of a valid will and the death of the benefaclorl and the
executor is satisfied that Ihe property in question will not be required lo satisfy claims in the eslale.
Receipt of a legacy musl be recognised when il Is probable that il will be received and the lair value
of the amount receivable, which will generally be the expected cash amount lo be distributed lo the
Charity, can be reliably measured.
Grants are included in the Consolidated slalement of financial activities on a receivable basis. The
balarn￿ of income received for spe¢ifi¢ purposes bul not expended during the period is shown in the
relevant funds on the Balance sheet. Where income is received in advance of enlillfjmenl of receipt,
its recognition is deferred and included in creditors as deferred income. Where enlillement owurs
before income is received, the income is accrued.
Income lax recoverable in relation lo investment income is recognised al the lime the investment
in¢ome is re￿1vable.
2.4 Expenditure
Expenditure is recognised On￿ there is a legal or conslru¢tive obligation to Iransler ewnomic benefit
to 8 third party, il is probable that a transfer of economic benefits will be required in selllemenl and
Ihe amount of Ihe obligation can be measured reliably. Expenditure is classified by activity.
Expenditure on raising funds includes all expenditure incurred by the Group lo raise funds for its
charitable purposes and illcludes costs of all fundraising activities ovenls and non-charilable trading.
Expenditure on charitable aclivilie5 is incurred on directly undertaking the aclmlies which further the
Group's objectives. as well as any associated support ¢osls.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on depos11 is included when receivable and the amount can be measured
reliably by the GroLJP', this is normally upon notification of the interest paid or payable by the inslilulion
with whom the funds are deposited.
2.6 Tanglble fixed assets and depreciation
Tangible fixed 8ssels costing £500 or more are capilalised and recognised when future economlc
benefits are probable and the cost or value of the assot can be measured reliably.
Tangible fixed assets are initially recognised al cost. After recognilion, under the cost model, tangible
fixed assets are measured at C051 less a¢cumulaled depreciation and any ac¢umulaled impairment
losses. All c051s in¢urred ID bring a langiblo fixed asset into ils intended working condition should be
in¢luded in the measurement ol cost.
Page 14

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng policies Icontinuedl
2.6 Tangible flxed assets and depreciatlon Icontinuedl
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following basis,.
Freehold property
Plant and machinery
Office equipment
Other fixed assets
40A slraighl lille
25Q/o slraighl line
250A slraighl line
1°A straight line
2.7 Invgstments
Investments in subsidiaries are valued at cost less provision for impairment.
2.8 Stocks
Stocks are valuad al the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.9 Debtors
Trade and other debtors ar8 recognised at the selllement amount after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
2.10 Cash at bank and In hand
Cash al bank and in hand SncSudes cash and short-lerm highly liquid Investments with a short maturity
of three months or less from the dale ol acquisition or opening of the deposit or similar account.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past
event, il is probable that a transfer of economic ben$fil will be required in selllemenl, and the amount
of the 8elllemenl can be eslimaled reliably.
Liabilities are recognised al the amount that the Charity anlicipales il will pay lo sellle the debt or the
amount il has received as advanced payments for the goods or services it musl provid6.
2.12 Flnancial instruments
The Group only has financial assets and financial liabilllies of a kind Ihal qualify as basic financial
inslrumenls, Easic financial insliumenls are Iriilially re¢ognised al transaction value and subsequently
Measured al their selllen)enl value.
Page 15

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting pollcies IGontSnuedl
2.13 Fund accountlng
General funds are unreslricled funds whlch are available lor use al the discretion of the Trustees in
furtherance of the general objeclwes of the Group and which have not been designated lor other
purposes.
Restricted funds are funds which are lo be used in accordance with specific reslriclions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each reslricled
fund is sel out in the notes to the financial slatemenls.
Income from donations and lega¢l8s
Unrestrl¢t8d Re5trl¢ted
funds
funds
2021
2021
Total
funds
2021
Total
funds
2020
Donations
Legacies
Grants
Similar incoming resources
57,304
16,348
21,893
57,304
16,348
21,893
1. 182
233, 197
8,592
95,545
95,545
242,971
Tolal 2020
17,443
225,528
242,971
Income from charitablè activitles
As r8Staled
Total
funds
2020
Unrestricted
fuiid5
2021
Total
funds
2021
Fees received
Other income
Rental incom8
Mlscellaneous
271,046
939
2,383
1, 148
1,292
5,000
1,292
5,000
6,292
6,292
275,516
Page 16

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from charitable activitles lcontinuedl
A lease is in place for the rental of the building lo OSGUK for £5,000 p.a. The lease is in place until 31st
December 2027.
Income from other trading activities
Income from non charitable trading actlvltles
As restaled
Total
fui?ds
2020
Unrestricted
funds
2021
Total
funds
2021
Trading income- ATC Enterprises Ltd
1.761,294
1,761,294
1,521,841
Investment income
As restaled
Tol81
funds
2020
Unrestricted
funds
2021
Total
fund5
2021
Bank interest receivable
33
33
154
Expenditure on raislng funds
Costs of raising voluntary income
As restated
To181
funds
2020
Unrestricted
fLJnds
2021
Total
funds
2021
Operating trading company
Donations
42
455
497
Page 17

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Expanditure on raising funds Icontinuedl
other tradlng expenses - ATC Enterprises Ltd
As restated
TolBI
fui)ds
2020
Unrestricted
funds
2021
Total
funds
2021
Cost of sales
Adrllinislralion expenses
Adminislralion staff costs
Adminislralion depreciation
1,295,368
155,525
53,5
37.385
1,295,368
155,525
53,596
37,385
1,024,639
111,719
28,716
23,457
1,541,874
1,541,874
1, 188.531
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2021
Restricted
funds
2021
As restated
Total
2020
Total
2021
Charitable acllvilie8
527,400
527,400
611,537
Total 2020 as restated
425,502
186,035
611,537
Analysis of expenditure by actlvities
Activities
undertaken
directly
2021
As restated
Total
funds
2020
Support
costs
2021
Total
funds
2021
Charitable aclwilies
267,260
280,140
527,400
611,537
Total 2020 as ￿stale0
406,487
205,050
6t1,537
Page18

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysis of expenditure ljy activitles l¢ontinuedl
Analysis of direct costs
As Trslated
Total
funds
2020
Total
funds
2021
Donations
267,260
406,487
Donations were made lo OSGUK.
Analysis of support costs
As fftslaled
Tolal
rui?ds
2020
Total
fund5
2021
Depreciation
Legal and profession81 fees
Premises costs
Adminislralion costs
Learning resources
Other expenses
Donated services
Governance costs
186,034
68,821
12871
386,035
5,383
90
145
80
4,513
8,592
292
5,490
260,140
205,050
Page19

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
10. Auditols remuneration
2024
2020
Fees payable to the Charitls auditor for the audit services
Fees payable lo the Charity's auditor in respect of..
Non-audil seNi¢es
5,000
4,512
2,250
1.Q80
11. Staff costs
Gn)up
Group As restated
2021
2020
Wages and salaries
Contribution lo defined contribution pension schemes
52,770
826
28,169
547
53,596
28, 716
The average number of persons employed by the Group during the year was as follows..
Group
Group As reslaled
2021
2020
No.
No.
Employees
No employee received remuneration amounting lo more than £60.000 in either year.
Staff costs are nil within the Charity. Oakhill Education TTUSI is run Whol￿ by volunl8ers.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020- £NILJ.
During the year ended 31 December 2021, no Trustee expenses have been incurred {2020- £NILJ.
Page 20

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
13. Tangible fixed assets
Group
Freehold
property
Plant and
machinery
Office Other fixed
equipmènt
assets
Total
Cost
Al fj January 2021
Additions
4,763,144
2.34S
91,196
10,173
38,463
2,359
31,867
4,924,670
14,877
Al 31 December 2021
4,785,489
101,369
40,822
31,867
4,939,547
D&preciation
Al 1 January 2021
Charge for the year
981,297
196.804
22,569
18,520
8,295
7,754
30,842
341
1,043,003
223,419
Al 31 December 2021
1,178,101
41,089
16,049
31.183
1,266,422
Net book value
Al 31 De￿mber 2021
3,587,388
60,280
24,773
684
3,673,125
A131 Dec8mb8r 2020
3, 781,847
68, 627
30,168
1,025
3,881,667
The prior year balance8 have been reslaled lo consolidate the subsidiary results. As a result the brought
fonNard balances have been reslaled.
Page 21

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
13. Tangible flxed assets Icontinuedl
Charlty
Freehold Other fixed
property
assets
Total
Cost or valuation
Al 1 January 2021
4.700,486
31,867
4,732,3S3
Al 31 December 2021
4,700,486
31.867
4,732,353
Dèpreciation
Al 1 January 2021
Charge lor the year
972,334
185,693
30.842
341
1,003,176
186,034
At 31 December 2021
1,158,027
31,183
1,189,210
Net book value
Al 31 December 2021
3,542,459
684
3,543,143
Al 31 December 2020
3, 728, 152
1,025
3, 729, 177
Page 22

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Flxed asset Investments
Investments
in
subsidiary
companies
Charity
Cost or valuation
Al 1 January 2021
Al 31 December 2021
Prln¢ipal subsldlarles
The following was a subsidiary undertaking of the Charity..
Name
Company
number
Règisterèd dffice or principal Principal activity
place of business
ATC Enterprises Ltd
08150994
7 Oakwood House, 7 Victoria
Way, Burgess Hill, Wesl Sussex,
RH15 gNF
Sale of retail goods
The financial results of the subsidiary for the year were..
Name
Income
Expenditure
ProfiVILoss}
I Surplusl
ID#ficill for
the year
Net assets
ATC Enterprises Ltd
1,761.294
1,796.958
135.6641
291,958
Page 23

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
15. Stocks
Gn)up
Group As reslalecl
2021
2020
Slock
154,050
152, 735
16.
Debtors
Group
Group As restated
2021
2020
Ch&rily
Charity As restated
2021
2020
Due within one year
Trade debtors
Other debtors
Prepayments
28,198
36,857
1, 125
5,495
2,042
8.223
3,957
1,229
1,229
32,155
43,477
3,271
9,452
17. Creditors- Amounts falllng due within one year
Group
Group As reslated
2021
2020
Chgrily
Charity As r8slated
2021
2020
Other loans
Trade creditors
Other laxalioll and social security
Other ¢redilors
Accruals
500,000
77,164
10,737
29,190
13,000
soo,000
492
51,343
1,020
21,921
7,442
868
9.500
5,592
630.091
81,726
509,995
6,463
Repayment of the loan in full was made in Oclob6r 2022.
P8ge 24

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
18. Creditors- Amounts falllng duè after more than one year
Group
Group As reslaled
2021
2020
Charity
Charity As Trsl&18d
2021
2020
Other loans
500.000
500,000
Page 25

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
19. Statement of funds
statement of funds- cutTent year
Balance at
31
December
2021
Balance at 1
January
2021
Transfers
inlout
Incomo Expenditure
Unrestricted funds
General Funds
1,782,52S
1,863,164 12,069,274
2,075,272
3,651,687
Restricted funds
Capital Fund
2,075,272
12,075,272)
Total of funds
3.857,797
1,863,164 12,069,274>
3.651,6B7
Following a review ol funds held and clarification from The Grace Trust, £2,075.272 of restricted funds
hava been transferred lo unreslricled funds in line with the objectives of the Charity.
Statgmfynl of funds- prlor year
As rgslaled
Balance 81
31
December
2020
As reslatgd
Balance al
? January As restated As tss18led
2020
Income Expeftdilur&
Unrèstricted funds
General Funds
1,542,608
2,040,482
(1,800,565)
1, 782,525
Restrlcted funds
Capital Fund
2,035. 779
225,528
1186,035) 2,075,272
Total of funds
3.518,387
2,266,010 (1,986.600) 3,857, 797
Page 26

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
20. Summary offunds
Summary of funds- current year
Balance at
31
December
2021
Balance at 1
January
2021
Transfers
inlout
Income Expenditurè
General funds
Fieslricl8d funds
1,782,525
2,075,272
1,863.164
12,069,274) 2,075,272
12,075,272)
3,651,687
3.857.797
1,863,164 12,069,274)
3,651,687
Following a review of funds held and clarification from The Grace Trust, £2,075,272 of restricted funds
have been Ir8nslerred to unreslricled funds in line with the obje¢lives of the Charity.
Summary of funds- prior year
As reslaled
Balai?ce al
l January As reslaled As reslal8d
2020
Income Expenditur8
84l&nce 81
31
December
2020
General funds
Reslricled funds
1,542,608
2,035, 779
2.040,482 (1,800,565)
225.528
(186,035)
1, 782,525
2,075,272
3.578,387
2,266,010 11,986,600)
3,857, 797
21. Analysis of net assets between fund$
Analysis of net assets between funds - current year
Unrestrlcled
funds
2021
Total
funds
2021
Tangible fixed assets
Curr8nl assets
Creditors due within one year
3,673,125
3,673,125
608.653
608.6S3
1630.091) 1630,0911
Total
3,651,687
3,651,687
Page 27

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATENIENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
21. Analysis of net a550ts b&tw&èn funds Icontinuedl
Analysis of net assets between funds - prlor year {restatedl
U1?￿strICted
fui?ds
2020
Reslricled
funds
2020
Total
funds
2020
Tangible fixed assets
Current 8ssels
Creditors due within one year
Creditors due in more than one year
f,306,395
557,856
(81, 726)
2,575,272
3,881,667
557,856
(81, [26)
[￿0,000)
(500,OQOJ
Total
1, 782,525
2,075,272
3,857,797
22. Reconciliation of net movement In funds lo net cash flow from operatlng actlvities
Group
Group As r8stat&d
2021
2020
Nel incomelexpendilure for the year las per Slalemenl of Financial
Acliviliesl
1206,1101
259,917
Adjustments for:
Deprecialion charges
Other interest receivable and similar incomg
In¢rease in stocks
Decrease in d&blors
Increaselldecreasel in credilors
A¢¢rued income
Reslatemenl of prior year compar81iv&s
223,419
133
11,3151
11,322
48,365
209.491
(154)
153,826)
270,830
(233.4861
(6,087)
(29,525)
Net cash provided by operating activitiOS
75,648
397.160
Page 28

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
23. Analysis of cash and cash equlvalents
Group
Group As resl8led
2021
2020
Cash in hand
422,448
361.644
Total cash and cash equivalents
422,44B
367,644
24. Analysis of changes In nèt debt
At1
January
2021 Cash flows
At31
December
2021
Cash al b8nk 8nd in hand
Debt due within 1 year
Debt due after 1 year
361.644
60.804
422,448
1500,0001 1500,0001
500,000
1500,0001
1138,3561
60,804
{77.5521
25. Operating lease cornmitments
Al 31 De￿mber 2021 the Group and the Charity had commitments to make future minimum lease
payments under non-cancellable operating leases as follow8..
Group
Group
As restated
2020
2021
Not later than 1 year
Later than 1 year and not later than 5 years
6,510
24.000
6,510
26,000
Page 29

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
26. Related party transactlons
As slated in note 14, ATC Enterprises Ltd was a wholty owned subsidiary undertaking of the Charrty.
£255,084 (2020.. £252, 788) was received by the Charity from the subsidiary under gift aid.
I Cooper, Trustee, donated £250 to Oakhi11 Education Trust during the year. The donation was for the
Activity Centre.
Page 30