Charlty number: 1067583
OAKHILL EDUCATION TRUST
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

OAKHILL EDUCATION TRUST
CONTENTS
Page
Reference and Adminlstratlve Detalls of the Charity, its Trustees and Advlsers
Trustees. Report
Trustees. Rosponslbilities Statèment
Independent Auditors. Report on the Financlal Statements
Consolidated Statement of Flnancial Actlvities
10
Consolldated Balance Sheet
Charlty Balance Sheet
Consolidated Statament of Cash Flows
Notès to the Flnanclal Statements
12
13
14-31

OAKHILL EDUCATION TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustee5
I Cooper
K Gardiner
D Stanley
Charfty registered
number
1067583
Princlpal offlce
101 Sandy Lane S(wlh
Wallinglon
Surrey
SM6 9NW
Independent audltors
Byrd Link Audit & Accountancy Sorvices Limited
Honeybourne Place
Jessop Avenue
Chellenham
GL50 3SH
Bankers
Lloyd8 Bank PIC
40 Woodcole Road
WalSington
SM6 ONN
Page 1

OAKHILL EDUCATION TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their report along with the consolidated financial 51alemenls Df the charsly and rts
subsidiary for the year ended 31 December 2022. The Trustees have adopted the provisions of Accounting and
Reporting by Charities.. St£lement ol Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021
(èffective 1 January 20191, the requirements of the Charities Act 2011 and the Trust Deed.
Ob
8ctlves and Actlvltle
The charitable objects of the ¢harily ale the advancement of the education of children and young people from
ages five lo eighteen in particular by assistance lo their parents lo enable such children to be laught otherwise
than as al school as defined in tha Education Acts and any other charitable purpose for the beneff( of the
worfdwide Christian fellowship known as the Plymouth Brethren Christian Chuieh.
The chaTity owns one premise at Little Woodcote Cenlre, Telegraph Tiack, Carshallon SM5 4AZ, whlch is
occupied by the charity's trading subsidiary ATC Enterprises Ltd (Registered Number 081509941. which
operates 8 convenience store, the operations of which are undertaken by employee8 and volunteers.
The charity a180 provides grant funding and other financial support lo OSGUK at the discretion of the Trustees
in order lo enable OSGUK lo provide a well balanced education al primary and Sacondary leve18. for children
and young people whose parents appreciate the Christian ethos.
Success is measured in terms of the provision of appropriate facilities to OSGUK whilst minimising expenditure.
Thi5 in turn, frees up funds for raising standards of education for all Con￿rned and for the improvement of
facilities for pupils and staff alike.
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public
benefit and have regard lo it wh8n reviewing their aims and objectives, and In planning their future activi118s. In
particular they consider how planned activities will contribute lo the edu¢ational aims and objectives they have
set.
Volunteers are an integral part of the community ethos and values of the charity and there are strong and willing
group of volunteers who as81sI and support Ihe charity throughout the year.
Sl nSflcant Activitie5
Throughout the year the charity has Gonlinued lo provide educational premises in 8UPPOrt of the educational
activities of OSGUK.
The charity has a wholly owned subsidiary company, ATC Enterprises Ltd. which undertakes trading activilies.
All profits chargeable to corporation tax are gifted to the charity in support of the charitable aGlivilies of the
charity.
Financlal Reviaw
The Charity is supported and financed principa15y by profits from ils trading subsidiary, ATC Enterprises Ltd, plus
other ad hoc donations and those raised by fundraising evonls and grants from the Grace Trust. In the year
ended 31 December 2022, additional funding of £500,000 was received from OSGUK which wa8 ulilised lo
repay a103n facility in Oclobar 2022. The Trustees believe that the charity's funds are sufficient lo miligale any
short to medium term risk of reduced funding.
The charity's fundraising events princlpally operate within the Brethren community. As part of the Trust's
commitment lo the highest possible standards ol fundraising. the Trustees lake steps lo ensure that all
fundraising 8clivilies were compliant wth legislative. regulatory and best practice standards. During 2022, 811
inlera¢lions with the general public were carried out by volunleers.
Pag8 2

OAKHILL EDUCATION TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Where the Trust organises fundraislng events and c￿OrdInate the acliwlies of our supporters in the wder
community on behalf of the Trusl and wider charities, the Trust does not use professional fundraisers or involve
commercial participators. The Trust seeks lo comply wrth all the relevant standards sel out by the Fundraising
Regulator in their Code of Fundraising Practi￿.
As a policy the Trust seeks lo responded to all complaints wthin 10 days. Most serious complaints are
escalated lo Trustees so they can consider lessons leaml. There have boon no complaints about lundraising
activity in the year ended 31 December 2022.
Over the period. the Trust continued lo undertake significant efforts to ensure compliance with the new General
Data Proledion Regulation IGDPRI, which came into effect in May 2018. We remaln entirely Committed lo
protecting personal infomation of our supporters and benefiaaries. This work will continue during 2023 and
beyond
Irb the year ended 31 December 2022. th& Group reported a nel SLJrplus of £344,24712021." deficit of £206,110).
The Trust reported a net surplus 01 £382,93712021: deficit of £170,446}-
At the year end, the Group had nel current assets of £425,171 12021.. nel current liabllrties of £21,437). The
Trust had nel ¢urrenl assets of £274,54512021: nel ¢urrenl liabilities of £183,414).
The Trustee's policy is to maintain minimum free re8erves al a level which equates lo six months, unreslricled
expenditure. This is approximalgty £32,000. Al the year end 2022, the free reseNes of the Trust were E274.545
12021.. 4183,4141.
After making appropriate enquiries. the Trustee8 have a reasonable expectation that the charity has adequate
Tesour¢es to continue in operational existence for the foreseeable future, For this reason. il continues lo adopt
the going ￿ncern basis in preparing the financial statements. Further details regarding the adoption of the
going Concern basis can be found in the Accounting Policios.
Prlncl al Risk$
The Trustees have examined the major strategic, business and operational Tisks that the charity faces. The
Tnjslees are satisfied that the major risks idenlrfied have been adequately mitigated where necessary. It is
recoonised that Systems can only provide reasonable bul not absc4ule assurance that major risks have been
adequately manBged.
The pnncipal risks lo the char￿Y are..
risk of damage lo the property held by the charity {allhough the property holds property insuTance}',
risk of closure or relocation of the schoolin9 by Oneschogl Global UK lconsidered unlikely)., and
risk of fall in trading activities ol the wholly owned trading subsidiary, either due lo a fall in customer loyally or a
significant increase in supplier prices (closely monitored by the trading subsKliary directors who would Ih8n tske
appropriate aCt￿nI.
There wer8 no serious incidents relating lo the charity over the year lo rewrt.
Future Plans
The Trustees pian lo continue lo support OSGUK lo provide a quality and deliver a consislenl and high level of
educational experience and outcome for all students and staff, in accordance with the charitys ethos and
values.
The land and buildings leased to OSGUK are all in the name of'The Croydon and District Education Trust. and
the plan remains for the land and buildings lo be transferred over lo 08khill Educallon Trust al the earliesl
opportunity.
Page 3

OAKHILL EDUCATION TRUST
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
structure Governance and Mana
ement
Oakhill Educallon Trust is constituted by a Deed of Trust dated 17 November 1997 and is registered with the
Charity Commission for England and Wales.
The Trustees who served during the year and Sin￿ the year end are sel out on page l. None of the Trustees,
nor any person connected with them, received any remuneTalion from th8 charily in the year ended 31
Decembei 2022 {2021,' £nill.
The power lo appoint Trustees is invested in Ihe existing Trustees subject to the Trust Deed requirement.
Trustees are selected according lo their own specialism a particular field and are expected lo pursue that
specialism. New Trustees are instructed in the need to completely adhere to the ethos and values of the charity.
New Trustees are appointed al charity meetings and training is given by the outgoing Trustee being feplaced,
along wilh support from fellow Trustees.
Decision making remain5 with the Trustees and there are no key management personnel to whom
management is delegated. As such, arrangements for setting pay and remuneration of key management
personnel are not required al this lime.
Approved by order ofthe members of the board of Trustees and signed on their behalf by.
K Gardinor
Trustee
Dale..
Page 4

OAKHILL EDUCATION TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees are responsible for preparing the Trustee8' Report and the financial slatemenls in a¢¢ordan
with applicable law and United Klngdom Accounting Standards {Uniled Kingdom Generally Accepted
A¢counting Practicel-
The law applicable lo charilies in England & Wales requires Ihe Trustees to prepare financial statements for
each financial year whlch give a true and fair view of the stste of affairs of the Group and the Charity and of their
incoming resources and Epplicalion of resourcos. including their income and expenditure, for that period. In
preparing these financial stalemenls. the Trustees are required lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles of the Charities SORP IFRS 1021..
make judgments and accounting eslimales that are reasonable and prudent;
stsle whether applicable UK A¢¢ounting Standards (FRS 1021 have been followed. subject to any
material departures disclosed and explained in the financial stalemenls,.
prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the
Group will conlinue in business.
The Tnjslees are responsible for keeping adequate accounting records that are sufficient lo show and explaln
thè Group and the Charills transaclions and disclose with reasonable accuracy al any Ilma the financial
position of the Group and the Charity and enable them to ensure th81 the financlal stslemenls comply with the
Ch8ri1ies Act 2011, the Charity (Acwunts and Reports) Regulallons 2008 and the provisions ol the Trust deed.
They aro also iesponsible for safegu8rding the ass&ls of the Group and the Charity and hence for taking
reasonable steps for the prevention and detection ol fraud and other irregularities.
Approved by order of the membors of the board of Truslogs and signed on ils behaw by".
K Gardiner
Trustoe
Dale,.
Page 5

OAKHILL EDUCATION TRUST
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF OAKHILL EDUCATION TRUST
Opinion
We have audited the financial statements of Oakhill Education Trust {the 'parenl charill) and ils subsidiaries
Ilhe 'group') for the year ended 31 December 2022 which comprise the Consolidated Statement of Financi81
Aclivilie5, the Consolidated Balance Sheet, the Charity 8alance Sheet, the Consolidated Statement of Cash
Flows and the related 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 Yhe Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
The financial slalements have been prepared in accordan￿ wlth Accounting and Reporting by Charilios
Preparing their accounts in accordance with the Financial Reporting Standard5 applicable in the UK and
Republic of Ireland IFRS 102) in preference lo the Accounting and Reporting by Ch8rities'. Slalement of
Re¢ommend8d Practice issued on 1 April 2005 which is referred to in the extant regulations bul has been
withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally
Accepted Accounting Practice effectDie for reporting periods beginning on or after 1 January 2015.
In our opinion the fin8nciBI stalemenls..
give a true and fair view of the slate of the Group's and ol the parent charity's affairs as at 31 December
2022 and of the Group's incoming resources and application of resources, including ils income and
expenditure for the year then ended-.
have been properly prepared in accordance with United Kingdom Generally Acceptad Accounting
Practice. and
have been prepared in a¢cordance wilh the requiTemenls of the chariti￿ Act 2011.
8a5is for opinion
We conducted our audit in accordancg with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the AuditOTS' responsibilities for the audit
of the financial slalemenls section of our report. We are independent of th& Group in accordance with the
elhic81 requirements that are relevant to OUT audit of the financial slalemenls in the United Kingdom, including
the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion,
Concluslons rèlatlng to going concern
In auditing the financi81 statements, we have conduded that tho Trustees, use of the going concem basis of
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have pgrformed, we have not identrfied any material uncertaintles relating lo evenls or
conditions that. Individually or collectively. may cast significant doubl on the Group'8 or the parent charity's ability
lo continue as a going concem for a period of al least tW8lve months from when the financial 51alemenls are
aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees wrth respect to going concern are described in Ihg
relevant sections of this report.
Page 6

OAKHILL EDUCATION TRUST
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF OAKHILL EDUCATION TRUST
ICONTINUED)
Other informatlon
The other information comprises the information included in the Annual Report other than the financial
slalemenls and our Auditors, Report Ihereon. The Trustees are responsible for the other inlomialion containèd
within the Annual Report. Our opinion on the financial slalements does not cover the olher Snfomation and,
ex￿p1 lo the extent olhenNi8e explicitly slated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other information and, In d￿n9 so, consider whether the
other inlomalion is materially inwnsislenl with the financial slalemenls or our knowledge obtained in Ihe course
of the audit, or olhewise appears lo be materially misslaled. If we Kjenlify such material inconsistencies or
apparent material misslalemenls, we a￿ required to determine whether this gives Tise to a material
misslalemenl in the financial statements themselves. If, based on the work we have performed, we conclude
that Ihere is a material misstatement of this other infoimalion, we are required to report that fact.
We have nothing to report in this regard.
Matters on whl¢h we are rgquired to r•port by exceptlon
We have nothing lo report in respect of the foll¢)wlng mallers where the Charities {Accounts and Reports)
Regulations 2008 requires us lo report lo you if, in our ¢Jpinion'.
the information given in the Trustees, Report is inconsislenl in any material respect with the financial
slalemenls.. or
the parent Charity has not kept sufficient accounting records. or
the parent Ch8rrty financial slalemenls are not in a9reernenl wrth the ac¢ounling records and relurng.. or
we have not received all the inf0m￿tiOn and explanations wo requiie for our audit.
Responsibllltles of trustees
As explained more fully in the Trustees, Respansibilitles Ststement, the Trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
Trustees determine is necessary lo enable the pieparalion of financial slal8ments that are free from material
misslalemenl, whether due lo fraud or error.
In preparing the financial statements, the Trustees are Tesponsible for assessing the Group's and the parent
charitys ability lo continue as a going concern, disclosing. as applicable, mallers related to going con¢em and
using the going con￿rn basis ol accounting unless the Trustee8 either intend to liquidalo the Group or the
parent charily or to cease operations, or have no reaSistiG alternative but lo do so.
Page 7

OAKHILL EDUCATION TRUST
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF OAKHILL EDUCATION TRUST
ICONTINUEDI
Auditors. responsibilities for the audit of the financlal statements
W& have been eppoinled as auditor under section 151 of the Charities Act 2011 and report in accordan￿ with
the Act and relevant regulations made or having effect Iher¢under.
Our object5ves are to obtain reasonable assllran￿ about whether the financial statements as a whole are free
from material mi8slalemenl, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not 8 guarantee that an audit conduclgd in
accordan￿ with ISAS (UKI will always delecl a maleiial misslalemenl when il e￿st$. Misslalemenls can aris8
from fraud or error and are considered material if, individually or in the aggregate. they Could Teasonably be
expected lo influence the economlc deasions of users taken on the basis of Ihese financial slalements.
Irregularities, including fraud. are instances of non-compliance wrth laws and regulations. We design
procedures in line wilh OUT responsibilities, outlined above, to delecl material misslalemenls in resped of
irregularities, Including fraud. The extent lo which oui procedures are capable of detecting irregularities.
including fraud is detailed below..
Based on our understanding of the charity, the group and ils financial operations, we have considered the inhial
risk of non-compliance with UK regulators, the Charity Comrnission. HM Revenue & Customs, Charities Act
2011 and Companies Act 2006 (for the subsidiary ¢omp8ny)- We have assessed the impact of bre8ches in such
laws and regvlalions and considered whether any such findings have a material impact on these financial
stal8menls.
We have consKlered the risk of management override of internal controls and the opportunity for financial
manipulation of these financial slalemenls.
We have considered the effect of key a¢counling estimates included within these financi8181alemenls and the
effect this has on the audit opinion.
Our audit procedures, tr8elher with our assessment of risks identified at planning were transparent to th8
charily and have been communi¢aled lo the Truste8s throughout the audit as well a3 the audit engagement
team, and this includes such matters as fraud and irregularity. Howevei, due lo their nature. audit pr￿edureS
have limitations as we can only WO￿ on a sample of f1nan¢ial Iransaclions. Ullimalely. il is the responsibility of
the Trustees for the prevention and detection of fraud 2nd non-compliance.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's web¥ile at..
rc.OT
.uklauéitorsres
onsibilities. This description form8 part of our
Auditors, Report.
Poge 8

OAKHILL EDUCATION TRUST
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF OAKHILL EDUCATION TRUST
ICONTINUEDI
Use of our report
This report is made solely lo the charfly'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 lo the
chariws Trustees those matters we are required lo slalo lo them in an Auditors, Report and for no other
purpose. To the fullest exienl permilled by law, we do not accept or assume responsibility to anyone other than
the charity and ils Iruslees, as a body, for our audit woth, for this report, or for the opinions we have fomied.
Byrd Llnk Audlt & Accountancy SeNlces Limited (Statutory Audltor}
Honeybourne Place
Jessop Avenue
Cheltenham
GL5Q 3SH
Dale.. 20 July 2023
Byrd Link Audit & Accountancy Services Llmiled arg eligibte lo act as audi(ors in terms of section 1212 of the
Companies Act 2006.
Page 9

OAKHILL EDUCATION TRUST
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted
funds
2022
Total
funds
2022
To181
funds
2021
Note
Incom8 from:
Donations and18gacies
Charitable activities
Other trading activities
Investments
535,382
5.546
2.003,576
32
635,382
95,545
6,292
1. 761.294
33
2.003.576
32
Total Income
2.544,536
2,544,536
1,863,164
Expendlture on:
Raising funds..
Other raising funds
Charitable activities
1,782,S73
417,716
1,782,573
417.716
1,541,874
527,400
Total eX￿ndItUre
2,200,289
2.200,289
2.069,274
Net movement in funds
344.247
344,247
(206, 110)
Reconclllatlon of funds..
Total funds brought forward
Net movement In funds
3,651,688
344,247
3.651.687
344,247
3,857, 797
(206, 1IOJ
Total funds Carrled forward
3,995,935
3.995.935
3,651,687
The Con801id8led Slalement of Financial Adiwlies includes all gains and losses reeogni8ed in the year.
The notes on pages 14 10 31 fom part of these financial 8lalement8
Page 10

OAKHILL EDUCATION TRUST
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Note
Fixed assets
Tangible assets
13
3,570.764
3.673,125
3,570,764
3,673, 125
Currgnt assets
Stocks
Debtors
Cash al bank and in hand
15
16
175.106
47,310
357,511
154,050
32, 155
422,448
579,927
608,653
Creditors., amounts falllng due within one
year
17
{154,7561
1630.090J
Net current assets I Ilabllltes
425,171
(21,437)
Totsl assetsless current IlabSlltlo$
3,995,935
3,651,688
Net assets oxcluding ponsion asset
3,995,935
3,651,688
Totsl nel assets
3,995.935
3,651, 688
Charlty funds
Restricted funds
Unrestricted funds
18
18
3.995,935
3.651,688
Total funds
3,995,935
3,651.688
The flnancial statements were approved and aulhorised for issue by Ihg Trustees and signed on their b&half by..
K Gardlner
Trustee
Dale:
The notes on pages 14 to 31 fomi part of these financial slalemenls.
Page 11

OAKHILL EDUCATION TRUST
CHARITY BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Note
Flxed assets
Tangible assets
Investments
13
14
3,468,121
3,543, 143
3,468.124
3,543, 146
Current ass8tS
Debtors
Cash at bank and in hand
16
2,458
287.018
3,271
323.310
289,476
326,581
Creditors.. amounts fBlling due within one
year
17
114.9311
(509.995)
Nat current assets I Ilabllltes
274,545
(183,414)
Total assets less current liabllltles
3,742.669
3,359. 732
Net assets excludlng penslon asset
3.742,669
3,359, 732
Total net assets
3,742.669
3,359, 732
Charity funds
R￿tr￿ted lunds
UnreStr￿ted funds
18
18
3,742.669
3,359, 732
Total funds
3,742,669
3,359,732
The Charslvs net movement in funds for Ihe year was £382.937 (2021- £(170,446)).
The financial statements were approved and aulhorised for Issue by the Trustees and signed on their behaw by..
K Gardiner
Trustee
Dale..
The notes on pages 14 to 31 fomi part ol these financial statements.
Page 12

OAKHILL EDUCATION TRUST
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Cash flows from operating activltias
Nel cash used in operating activities
{42,958)
T5.648
Cash flows from investing activities
Interest Received
Purchase of tangible fixed assets
Profill loss on sale of tangible fixed assets
32
123.1591
1,148
33
(14,877)
Net cash used In Snv8stlng activities
{21.9791
114,844)
Cash flows from financlng actlvltlg$
Net cash provlded by financlng activitle$
Change in cash and cash equivalents In the year
Cash and ca8h equivalents at the beginning of the year
164.9371
422,448
60,804
361,644
Cash and cash equlvalgnts at the end of the year
357,511
422,448
The notes on pages 14 10 31 form part of these financial slalements
Page13

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
General Infomiation
Oakhill Education frust is an unincorporaled Charity (ragistered number 10676831 registered in England
and Wales. The registered address is 101 Sandy Lane South, W811ington, SM6 9NW.
Accountlng pollcSes
2.1 Basis of preparatlon of financial statements
The financial slalemenls have boen prepared in acwrdance with the Charities SORP (FRS 1021
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities
preparing Ihoir accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ir&land IFRS 1021 leffeclive 1 January 20191. the Financial Reporting Standard
appllcablè in the UK and Republic of Ireland (FRS 1021 and the Charities Act 2011.
The financial statements have been prepared lo give a 'lrue and fairf view and have doparted from
the Charities {Accounts and Reportsl Regulations 2008 only to the extent required to provid8 a 'lrue
and fail view. This departure h8s involved following th8 Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effactive Irom 1 April 2005 whlch has slnee been withdrawn.
Oakhill Education Trust meets the d8finilion of a public benefit enlily under FRS 102. Assets and
li8bi5ities are initially recognised al historical cost or transaction value unlgss othe￿iSe slated in the
relevant a¢counling policy.
The Consolidated Statement of Financial Activies ISoFA} and Consolidated B818nee She81
consolidate the finance statements of the parent charity and 118 subsidiary undgrt8king. The Tesulls
of the subsidiary are consolidated on a line by line basis.
The Charity has also taken advantage of the exemption availabl& lo a qualifying entity in FRS 102
from the requirement lo present a Charity only statement of cash flows and certain disclosures about
the charills financial instruments within the consolidated accounls.
No separate SOFA h88 been prepared for the Charity abne.
2.2 Golng concern
The Trustees are of the opinion th81 there is sufficient reserves and fvnding in place to continue the
a¢tivrties of the charity. Therefore, the accounts h8ve been prepared on 8 going concern basis.
Paga 14

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting pollcles Icontlnuedl
2.3 Income
All income is recognised On￿ the Charty has enlitlemanl lo the income. il is probable that the
in¢ome will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with suff1cienl accuracy the amount receivable. Evidence of
entillemenl to a le9a¢y exists when the Charity has sufficient evidence that a gift has been left lo
them Ilhrough knowledge of the existence of a valid will and the death of Ihe bgnefaclor) and the
executor is satisfied that the property in question will not be Tequired to satisfy Claims in the estate.
Receipt of a legacy must be recognised when il is probable that il will be received and the fair value
ol the amount receivable. which will generally be the expected cash amount lo be distributed lo the
Charity, can be reliably measured.
Grants are in¢luded in the Consolidated Slalemenl of Financial Aclivllies on a Tecelvable basis. The
balance of income received for specific purposes bul not expended during the period is shown in the
relevant funds on the Balance Sheet, Where income is received in advance of enlillement of receipt,
its recognition is deferred and included in creditors as deferred income. Where entillemenl occurs
before income is received. the income is accrued.
Income tsx recoverable in relation lo investment income Is recognised al the lime the investment
income is receivable.
2.4 Expenditure
Expenditure 18 recognlsed once there is a legal or conslruclhie obligation to transfer economic
benefit lo a third party. il is probable that a transfer of economic benefits will be required in
settlement and the amount of the obli9alion can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Diiecl costs allribulable to a single
activity are allocated directly lo that activity, Shared costs which contribute to more than one activity
and support costs which are not allribulable lo a single activity are apportioned between those
activities on a basis consistent wilh the use of resources. Central staff costs are allocated on tho
basis of time spent, and depreciation Charges allocated on the portion of the asset's use.
Expenditure on charrtable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any a8sociated support costs.
All expenditure 18 inclusive of iirecoverable VAT.
2.5 Interest recelvable
Inlaresl on funds held on deposit is included when receivable and the amount C8n be measured
reliably by the Group; this is normally upon notification of the interest P8id or payable by the
inslilulion with whom the funds are dgposiled.
2.6 Glft Ald
In the case of 8 Gift Aid paymenl made within the Group, income is accrued when the payment is
payable lo the Pa￿nI Charity under a legal oblig81ion. Measurement is al the f8ir value receivable,
which will normally be the transaction value,
Where the right lo re￿1ve Gift Aid has been esiabllshed, the amount receivable is recDJnised as
investment income in the Consolidated Slalemenl of Financial Aclivilies.
Page 15

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting pollcles Icontlnuedl
2.7 Tangibl& fixed assets and depreciation
T8ngible fixed assets costing £500 or more are capilalised and re￿)gnised when future economic
benefits are probable and the Cost or value of the asset con be measured Teliably.
Tangible fixed assets are lnilla1￿ recognised al cost. After recognllion. under the cost model,
tsngible fixed assets are measured al Cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred lo bring a tangible fixed asset into ils inlended working
condition should be included in the measurement of cost.
Depreciation is Charged so as lo allocale the cost of tangible fixed assets less their residual value
ovei their estirnaled useful lives, either on a straight line and reducing balance where appropriate.
DeprerAation 18 provided on th8 following basis..
Freehold property
Property Improvements
Plant and machinery {parent
charilyl
Plant and Machinery
Isubsidi8ry1
Office equipment (parent
charilyl
Office equipment {subsidiary)
Other r￿ed assets
2% slraighl line
20% reducing balance
25Yo stsaiohl line
250A reducing balance
250A straight line
25tyA reducing balance
1% slraighl line
The assets. residual values. useful lives and depreciation methods are feviewed, and adjuslfjd
prospaclively if appropriate, or if there is an indication of a significant change since the last reporting
dale.
Gains and losse8 on disposa18 are delemilned by comparing the proceeds with the carrying amount
and are recognised in the Consolidated Slalement of Financial Aclivilies.
Trust8es revw the useful life and residual values of fixed assets on an annual basis and these are
updated where necessary in accordance with FRS 102 to ensure they reflect the nature of the
assets.
The depreciation rale applied lo freehold property has been reviewed and amended in the year
ended 31 December 2022, from 4°/¢ slraighl line to 2QA slraighl line which Tru51eas believe better
rellecls the useful economic life of the freehold propety since 25 yeafs was deemed lo be loo k
considering the current nature of the asset.
The impact of the change In accounting policy is a reduction in the depreciation expense ljy £94,594
when applying the 20A rate as opposed lo 4%. This has been applied prospectively from the dale of
change, 1 January 2022.
2.8 Investmants
Invgslmenls in subsidiaries are valued at cost less provision for impairment.
2.9 Stocks
stocks are valued al the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks. Cost include all direct G08ts and an appropriate proportion of fixed
and variable ovarheads.
Page 16

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollcles Iconilnuedl
2.10 Debtors
Trade and olher debtors are rècognised 8t the settlement amount after any trade discount offered.
Prepaymen18 ar8 valued al the amoLJnl prepaid nel of any Irada discounts due.
2.11 Cash at bank and irb hand
Cash at bank and in hand includes cash and short-lerm highly Ilquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.12 Llabilities and provlslons
Liabilities are recognised when there is an obligation al the Balance Sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be eslimaled reliably.
Liabilities are recognised al the amount that the Charty anticipates il will pay lo sgllle the debt or the
amount il has received as advancgd payments for the goods or SeNi￿S il musl provide.
2.13 Flnancial instruments
The Group only has financial assets and financial liabilities of a kind that qualify a8 basic financial
inslrumenls. Basic financial instruments are iniliBlly re¢ognised al transaction value and
subsequently measured al their settlement value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest m8lh(Kl.
2.14 Oparating leases
Rentals paid under operating leases are charged lo the Consolidated Slalemenl of Financial
Activities on a slr8ighl-line basis over the lease term.
2.15 Penslons
The Group operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Group lo the fund in respect of the year.
2.16 Fund accountlng
General funds are unreslricled funds which are available for use al the discrellon of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purp¢)8es.
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 su¢h funds are charged against the specific fund. The aim and use of each reslricled
fund is sel out in the notes lo the financial slatemenls.
Page 17

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Income from donatlons and legacies
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Donations
Legacies
Grants
535.382
535.382
57,304
16,348
21.893
535,382
535,382
95,545
To1812021
95,545
95.545
Income from charitable activities
Unrestrlcted
funds
2022
Total
funds
2022
Tolal
funds
2021
Other income
Rental in¢cffie
546
5,000
546
1,292
5,000
5,546
5,546
6,292
Total 2021
6,292
6,292
A lease is in place for the rental of the building OSGUK for 5,000 p.a. The lease is in place until 31
December 2027.
Page 18

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Income from other trading activities - ATC Enterprlses Ltd
Income from non charitable trading act5vliies
Unrestrlcted
funds
2022
Total
funds
2022
Tol81
funds
202q
Sales
Other income
1,941,689
61.887
1,941.689
61,887
1,702, 631
58,663
2,003,576
2.003.576
1, 761.294
Total 2021
1. 761,294
1, 761,294
Investment income
Unrestrlcted
funds
2022
Total
funds
2022
Total
lunds
2021
Bank interest receivable
32
33
Tot812021
33
33
Page 19

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Expendlture on ralslng funds
Other trading expenses- ATC Enterprises Ltd
Unrestrlcted
funds
2022
Total
funds
2022
Total
funds
2021
Cost of sales
Administration expenses
Adminislralwjn staff costs
Adminislralion dep￿CIall0n
1.522,910
170,307
58,618
3Q,738
1,S22,910
170,307
58,618
30,738
1,295,368
155,525
53,596
37.385
1,782,573
,782,573
1,541,8T4
Tot812021
1.541,874
1.541,874
Analysis of expgnditure on charitable activltle8
Summary by fund type
Unrestricted
funds
2022
Total
2022
Tol81
2021
Charitable aclivilie8
417,716
417,716
527,400
Total 2021
527,400
527.400
Page 20

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2Q22
Analysis of expenditure by activitles
Actlvities
und8rtaken
dlr¢¢tly
2022
Support
costs
2022
Total
funds
2022
Tol81
funds
2021
Charit8ble activities
259,6S3
158,023
417,716
527.400
To1812021
267,260
260, 149
527,400
Analysis of direct costs
Total
funds
2022
Total
funds
2021
Donations lo OSGUK
259,693
267,260
Analys1$ of support costs
Total
funds
2022
Total
funds
2021
Depreciation
Legal & Professional
Premises Costs
Administration Costs
Other Expenses
Govemance Costs
93,635
45,390
1,878
186,034
68,821
(287)
12,120
5,000
80
4490
158,023
260, 140
The deprecialitsn rale applied to freehold property has been reviewed and amended in the year ended 31
December 2022, from 4°h straight line lo slraighl line. See accounting policy 2.7 for more detail.
Page 21

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
10. Audltors. remuneratSon
Fees payable lo the Charills audrtor and its assoclales in connection with
the Charil*s pension schemelsl In respect of..
Fees payable lo the charil￿S auditor for the audit Se￿ICeS
Non-audil services
4.525
2,525
5,000
2,250
11. Stsff costs
Group
2022
Group
2021
Wages and salaries
Social security costs
Contribution lo defined conlributlon pension schemes
52,800
5,046
773
47,920
4,850
826
58,619
53,596
The average number of persons employed by the Charity during the year was as follows..
Group
2022
Group
2021
No.
Employees
No employee received remuneration amounting to more than £60,000 in either year.
Staff wsts are nil within the Charity. Oakhill Education Trust is run wholly by volunteers.
12. Trustees. remunération and expenses
During the year. no Trustees received any remuneration or other benefits (2021- £NIL).
During the year ended 31 December 2022. no Trustee expenses have been incurred (2021- £NIL).
Page 22

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
13. Tangible fixed assets
Group
Freehold
land and
buildings
Plant and
maehlnery
Office Other flxed
equipment
ass01$
Total
Cost or valuation
Al 1 January 2022
Additions
Disposals
4,765,489
18,817
101,369
4,150
12,2601
40,822
192
31,867
4,939,547
23.159
2.260)
At 31 December 2022
4,784,306
103,259
41,014
31.867
4.960,446
Depreclatlon
Al 1 January 2022
Gharge for the year
On disposals
1.178,101
102.S98
41,089
15,419
11,1121
16,049
6.270
31,183
1,266,422
124,373
11,1121
Al 31 December 2022
1,280,699
55.396
22,325
31,263
1,389,683
Ngt book value
At 31 December 2022
3.503,607
47,863
18,689
604
3,570,763
At 31 December 2021
3,587,388
60,280
24, 773
684
3,673, 125
Page 23

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
13. Tangible fixed assets {continuedl
Charity
Freehold Other fixed
property
assèts
Total
Cost or valuation
Al l January 2022
Additions
4.700,486
18.613
31,867
4,732,353
18,613
Al 310ecember 2022
4,719,099
31,867
4.750,966
D&preciation
Al 1 January 2022
Charge for the year
1,158,027
93,555
31,183
1.189,210
93.635
At 31 December 2022
1,251.582
31,263
1,282,845
Net baok valu8
At 31 December 2022
3A67.517
604
3,468,121
At 31 Dec8mbgr2021
3,542,459
684
3,543, 143
Page 24

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
14. Fixed asset investments
Investments
in
subsidiary
companies
Charity
Cost or valu8tlon
At 1 January 2022
At 31 December 2022
Princlpal subsidlarlos
The followlng was a subsidiary undertaking of the Charity..
Reglstered officè or prlncipal Prfnclpal activity
place of businass
Name
Company
number
ATC Enterprises Ltd
08150994
7 Oakwood House, 7 Victoria
Way, Burgess Hill. RH15 9NF
Sale of retail go¢xls
The financi81 results of the subsidiary for the year were..
Name
Income
Expendlture
ProfiUILoss}
I Surplusl
(Deflcitl for
the year
ATC Enterprises Ltd
2,003,575
11.782,5741
221,001
Net assets
253,267
Page 25

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15. Stocks
Group
2022
G￿up
2021
Finished g(K)ds and goods for resale
175,106
154,050
16. Debtors
Group
2022
Gmup
2021
Charity
2022
Charity
2021
Due withln one year
Trade debtors
Prepayments
44,800
2,510
28, 198
3,957
1.229
1,229
2,042
1,229
47.310
32, 155
2.4S8
3,271
17. Credltors.. Amounts falling due within one year
Group
2022
Group
2021
Charity
2022
Charity
2021
othei loans
Trade creditors
Other taxation and social security
Other creditors
Accrua18
89,649
8,737
35,434
20.936
77,164
10, 737
29, 190
12, 999
5,230
492
9,701
9,500
154,756
630, 090
14,931
509,995
Repayment of the loan was made in full in October 2022.
Pagè 26

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
18. Statement of funds
Statement of funds - current year
Balance at
31
December
2022
Balance at 1
January
2022
Income Expenditure
Unrestrlcted funds
General Funds
3,651.688
2,544,536 12,200,289) 3.995,935
Statement of funds- prior year
Balance al
31
8alance al
q January
2021
Transfers
in/oul
December
2021
Incomo Exp8nditur8
Unrestrict8d funds
General Funds
1.782,525
1,863, 165
(2,069,274) 2,075,272
3,651.688
Reytricted funds
Capital fund
2,075,272
(2.075.272)
Total of funds
3,857. 797
1,863. 165 (2,069,274)
3,651,688
Following a review of funds held and clarificallon from The Grace Trust, £2,075.272 of restricted funds
was transferred to unreslricled funds in line with the objectives of the Charity in the year erbded 31
December 2021.
Page 27

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
19. Summary offvnds
Summary offunds- currentyear
Balance at
31
December
2022
Balanca at I
January
2022
Income Expenditure
General lunds
3,651,688
2,544,536 12,200,289)
3,995,935
Summary of fund$- prior year
Balance al
31
Decembei
2021
Balance al
l January
2021
Transfers
in/oul
Income Exp&nditu
Gener81 funds
Restrleled funds
1, 782,525
2.075,272
1.863, 165 (2,069,274) 2,075.272
(2,075,272)
3,651,688
3,857, 797
1, 863, 165 (2,069,274J
3,651, 688
Page 28

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
20. Analysis of net assets between funds
Analysls of not assgts between funds- current year
Unrestricted
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors du8 within one year
3,570,784
3.570.764
579,927
579.927
{154,756) 1154,7561
Total
3.995.935
3.995,935
Anatysis of net assets between funds- prior y8ar
un￿Stricted
funds
2021
Total
fun(ts
2021
Tangible fixed assets
Current assets
Creditors due within one year
3, 673, 125
3,673. 125
608,653
608,653
(630,090) {630.090J
Total
3,651,688
3,651,688
Page 29

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
21. Raconciliation of net movement in funds to nat cash flow from operating actlvltles
Group
2022
Group
2021
Nel incomelexpendilure for th8 year (as per Statemenl of Financial
Activities)
344.247
(206, 110)
Adjustments for..
Depreciation charges
Other interest receivable and similar income
Decreasellincr88sel in stocks
DecreasellinGre8sel in debtors
Increasel{deuease) in credbtors
124,373
1321
121,0561
115,1551
1475,3341
223,419
(33)
(1,315)
11,322
48,365
Net cash provldod byllused In) operatlng activities
142.9571
75.648
22. Analysls of cash and cash equivalents
Group
2022
Group
2021
Cash in hand
357.511
422,448
Total ¢a$h and cash oquivalents
357,511
422,448
23. Analysls of changes In net debt
At1
January
2022 Cash flow8
At31
D￿ernber
2022
Cash 81 bank and in hand
Debt due within 1 year
422.448
(500.0001
164,9371
500,000
357,511
177,5521
435,063
357.511
Page 30

OAKHILL EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Penslon commltments
The group operates a defined c0nttibul￿j￿ pension scheme. The assets of the schemo 8re held
separately from Ihose ol the group in an independently administered lund. The pension cost charge
represents contributions payable by the group lo the fund and amounted to £773 {2021'. £826) of which
£nil12021'. £nill were payable lo the fund at the balance sheet dale.
25. Operating laase commitmonts
At 31 December 2022 the Group and the Charity had commitments lo make future minlmum lease
payments under non-cancellable operating leases as follows".
Group
2022
Group
2021
Nol18ter than 1 year
11,110
6,510
26. R8lated party transactions
As staled in note 14, ATC Enterprise Ltd was a wholly owned subsidiary undertaking of the Charity.
£259,89312021.' 255.0841 was received by Oakhill Education Trust from ATC Enterprises Ltd undei gift
aid.
I Cooper, Trustee. donated £0 {2021' £2501 lo Oakhill Education Trust during the year. The donation In
the year anded 31 December 2021 was for the Acti￿tY Centre.
Page 31