THE OAKLEA TRUST
Reglstered Charity Number: 1091722
Reglstered Company Number: 04416344 (England and Wales)
The Oaklea Trust
(A Company Llmited by Guarantee)
Trustees Annual Report and
Consolidated Flnancial Statements
for the year ended 31 March 2024

Contents
P•g•
Charity Inforfflation..........................................................................-.....................
Report of theTrustees...................................................................... .
Independent Audltoffs Report..........................
Consolldated Statement of Fln8ndal Actlvlues........................................................... 13
Consolldated and Charlty Balance Sheets..............................................
.14
Consolldated Statement of Cash Flows..................................................................... 15
Notes to the Flnanclal Statements.................................................................
.16

THE OAKLEA TRLEr
Charity Information
C T J Harrfs, Chalr
P H Smlth. Vlce Chalr
LJAdey
S F O'Halloran
C Smith
M L Den¢xJal
C Mitchell
D Ridgway
R J Talbot
MAScott
S F Welch
(Appointed 22 January 2024)
(Resigned 21 February 2024)
(Resigned 28 May 2024)
Company Secretary
C Wlgley
Key Manag¢m¢nt Personnel
Executive Team:
C Wlgley
A Wolfenden
S Green
Chlef Executlve
Dlrector
Dlrector
Flnanee Committee M•mhr•
P Smlth, Chalr
C Wlgley
D Rldgway
C Mltthell
J Wood
L Sprlng
Ramunerntion Commltts• Members
M Denoual, Chalr
P Smlth
J Wood
Reglsternd charlty number
1091722
RegFsterad Company number
04416344 (England and Wales)
Prlnclpal and reglstered offl¢o
Thlrd Floor
East Wing
station House
station Road
Kendal
Cumbrfa
LA9 6RY
Audltors
A2ets Audlt Servlces
Fleet House
New Road
Lancaster
United iangdom
L41 IEZ

THE OAKLEA TrLST
Bankers
Handelsbanken
Flrst Floor East
Brldge Mllls
Stramongate
Kendal
Cumbria
LA9 4UB
Sollcltors
Womble Bond Dlcklnson
I whIte￿Il Rlverslde
Leeds
LSI 4BN

Report of the Trustses for the year ended 31 March 2024
OAKLEA TRusr srATEMENT OV RECOMMENDED PRAcficE (SORP) REPORT FINANCIAL
YEAR 2023124
The Trustees, who are also directors of the Charlty for the purposes of the Companies Act 2006,
present their report with the Flnanclal Statements of the Chaiity for the year ended 31st Marth 2024.
The Trustees have adopted the provisions of Accountlng and Reportlng by Charities: Statemert of
Recommended pract1￿ appllcable to charities preparing thelr accounts In accordance wlth the
Finanaal Reportlng Standard appllcable In the UK and Republk of Ireland {FRS102).
OBJECTIVES AND AcfIviTIES
The group viorks towards the Vision and Mlsslon through the worf( of the Charity. Oaklea Trust and Its
soclal enterprtse subsidiary Right2Work C.l.C In 2022. the Thistees and the Executlve have fomially
revlewed the Mlsslon, Vlslon and Values statements and have produced a fvtryear strateglc plan
(commendng In 2023) for the Group to make sure It Is up to date and meets the asplratlons of both
o)mpanie5.
The Group Vtslon, Mlsslon, Values, and Working Behavlours are:
Vlslon
"We dellvw the finest opportunltles In the klndest posslble wa
Mlsslon
Yo support and care for people and communltles so they can learn, developi and thrfve.
Our Values
"Indivlduallty, Independen￿, Interdependence, rights, respect. digntyi prlvacyi Partnershlpi cholce-
Worklng 8ehavlovrs
"Be klnd. be part of a team, be Innovative, be focused, be productlve, be respectful, be resourceful"
The obJectlves of Oaklea Trust are fvlly detalled wlthln the Memorandum and Artlcles of Association
and can be summarfsed as follows..
To pronKJte the ￿lIe1 and care of people with learning and other dlsabllltles and also people who are
sodally dlsadvantaged andneed asslstance In the areas of care and suppo¢ thelr home envlronmen¢
education. tralnlng. recreatlon and to enter or advance In thelr eMploYn￿t.
The objettlves of Rlght2Work C.l.C are also fulty detalled within Its Artlcles and can be summarlsed
as follow￿.
To carry on activities which benefit the communlty and In partI￿lar people who are dlsabled and/ or
dlsadvantaged thmugh the development of the sooal enterprtse and In the pmvlslon of superwslon.
training. employmen¢ volunteerfng and 50dal Induslon opportunities.
In the medlum temi Oaklea Trust has adopted a strategy to achleve its mtsslon focusslng on the
reglons of northern England. engaglng with benefiaarie5, managing financlal resources arKI employlng
quality people to do the Job.
Quarterly Senlor Leadership Tearn meetlngs focus on thls strategy. with monltorlng of key
perfonnance Indlcators (KPI'S) deslgned to assist the measurement and revlew of the strateglc
objecbves. KPI'S are monltored under the headlngs of Empowerlng Quallty People. Quality & Safety,
Engaglng Individuals & Communities. Seven Keys to Cltlzenshlp and Adequate Finandal Resource5.
Thls strategy Is measured through a rfgor(ws annual quality audlt cyde for every (￿e of our prgjects.
also Includlng Trustee rep￿SentatIOn. Benefldarles are Induded wlthln thls process through Interdews
and questionnalres. The Indlvidual quality audlts are revlewed by the Senior Leadershlp Team to
enable organisational leaming and development and are brought together Into an annual Quality Audit
Report whith dlscusses Customer outcomes, customer evaluatlon and quallty and safety Issues.

THE OAKLEA TRLEr
M8n8gement of flnanclal resources Is achleved thmugh partnershlp worklng between flnance and
operatlonal teams focusslng on the Management Accounts, cash flow monltorfng and financial KPI'S.
Thls Is embedded wlthln the monthly reportlng mechanisms of the oryanisation and 15 monitored and
revlewed by the Senlor Leader5hlp Team, Executive and Finance Committee on a quartedy basls. Any
new developments or tenders are revlewed thoroughly wlth varlDUS s￿narIOS modelled as part of the
declslon-maklng process to ensure that any new work contrfbutes sufficiently to a sustsinable flnancial
future and meets the objectlves of the Charlty.
In order to empower quallty people to do the Job, Oaklea Trust have Invested resources In the tralnlng
and development of Its employees at 811 levels. Thls Indudes the fundlng of an employee Leadershlp
& Excellence programme (level 5 management), In conjunction wlth Kendal College, which is due to
commence durfng early 2023. The monthly reporting of KPI'5 indudes monitoring of mandatory and
compliance training• as well as developmental objethves, monltorfng of Performance & Achlevement
Revlew statlstlcs and the celebratlon of outstsndlng perfomance. The organlsatlon has developed a
plan to maxlmlse the use of the Apprenti￿shIp Levy and Is fully engaged In the apprentlttshlp
movement. Oaklea Trust contlnues to Involve employees through the Employee Consultatlve Group
that meets quarterly to share Inforniatlon. consult wlth employees on changes or new Ideas and to
provlde a platform to allow employees to volce thelr cnllectlve oplnlons and suggestlons. Employee
renuMera￿On Is consldered annually as part of the budget settlng process by the Board's
Remuneratlon Qjmmlttee.
The operntlng agreement put In pla￿ to darffy worklng arrangements between the Charity and its
wholly owned subsldlary CIC has been revlewed. Thls revlew was led by a Govemance group made
up of Trustees of the Charlty, Dlrectors of the CIC, and members of the Executlve team.
Strat•glc Prlorltl•* & Bu•ln•M ObJ•ctiv•• - 2023 (flvtryaar stratagy)
In the year 2022 the Group developed its five-year strategic priorities to commence at the beglnnlng
of 2023. Thls Includes 48 Indlvldual objectlves wlthln flve maln focus areas:
l. Dellver outstandlng care, learnlng and personal development
2. Attract, develop and retaln hlgh quallty team members
3. Dlverslfy our revenue sources
4. Develop the Oaklea Group brdnd across the North of England
5. Enhance our Governance
Progress agalnst these objectlves are reported to the Board on a quarterty basls and are drlven and
monitored through our Executlve Group and Senlor Leadershlp Team.
Publlc Beneflt
The Charlty Trustees have complled wlth the duty In sectlon 4 of the Charitles Act 2006 to have due
regard to publlc benefit guldance published by the Charity Commission.
The artlvltles undertaken by the Charlty are fully In Ilne wlth Its rules as stated wlthln Sts Memorandum
and Articles of Association and approved by the Charty Commlsslon to be charftable.
ACHIEVEME14TS AND PERFORMANCE
Engaglng Beneficlarles In RevlevAng Perfom•n
Durlng 2023124 Oaklea Group has supported over 460 Indlvldual customersllearners. Added to thls
the countle55 Customers In the wlder communlty who have benefitted from the activities of the P4)pleby
Hub, The Furniture Warehouse and Community Works, all of whlch champlon the development of
strongw communltles.
Our compllments and complalnts datsbase conftrni hlgh levels of satlsfactlon.
Where there are areas for Improvement we will listen and respond to customers and employees
through our ECG (Employee Consultative Group) and our Intemal Quality Audit process.

FO￿sSIng on Quallty
The Oaklea Trust use the results of Care Quallty Commission (CQC) Inspections, Quallty Audlts and
the Customer & Stakeholder Evaluation Surrfey as key indlcator5 of quallty.
The CQC regulates some of the work undertaken by Oaklea Trust. they work to ensure seplices are
safe, effettlve. caring. responsive and well-led.
Oaklea Trust undertakes an annual cycle of Quallty Audits acn>ss all of its artivities.
Customer outu)mes are assessed agalnst oryanisatlon's 7 keys to dtlzenshlp.
FINANCIAL REVIEW
Results for the Y6Tr
The Charfty delivered a strong financlal perfOrnian￿ In the year to 315t March 2024. Thls was helped
stgnfficanuy by Local authorltles recognising the need to invest more in the sector to enable the
recruitrnent and retentlon of sodal care employees.
The Charfty corrtlnues to ￿VIeW each of its projects to ensure the best outcome for customers,
employees and the Charity. Celebrntion of Succe55 awards ceremony has become a key part of the
Charlties calendar. Thls event Is attended by the Boards, employee5, and customers/learner5rt givlng
people the opportunlty to celebrate achlevement whilst ensurfng the famlly culture of the organlsatlon
is malntslned.
The Oaklea Trust achleved a surplus of £269k for the year endlng 31rt March 2024.
For the year ended 31st Marth 2024, Rlght2Work has donated £95k to Oaklea Trust and contrfbuted
£17k to Its own reserrfes, as a result of achieving an operating profit of £118k.
Through good plannlng, monitorln9 and management, the tharlty and Its subsldlary have been able
to rernaln flnanclally robust, and Increase reseNes so as to contlnue to meet objectlves ftir the comlng
perlod.
Fundr•i•lng
Oaklea Trust has not to date engaged heavily in public fundralsjng nor used professlonal fundralslng
consultsnts. Any fundrdislng or donations have generally been proje<t specific.
Reserves
The Oaklea Trust has total reserves of £1,894k.
The group's unrestricted balan￿ of £2,043k is partially ￿pported by net fixed assets and net current
assets. Most of the unrestricted fund balance does not relate to Ilquld assets held, but rather net fixed
assets (monles already spent on flxed assets less the balance of long-terni loans held to finance those
assets). leaving £690k supported by net current assets. The nature of the Charity's income is mainly
predlctable and has a dI￿rt correlation with the Charivs cost structure. allowlng the Charfty to
operate wlth a lower reseryes balan￿ than many other organi5ations. However. the Board ofTrustees
does recognlse the need to In(Tease free reserves In support of the Oaklea Trust activities and groTNth.
The Board have set a reserves policy equivalent to 2 months unrestritted charitable expenditure. At
the year end the Charfty had funds equlvalert to (2 months worth). The Board have forecast a surplus
for the coming financlal year.
The Board has dedded to deslgnate reserves of £1,355k to SUPPOTt capltal projects wlthln the next 12
months. The Charlty has a capltsl budget that is submltted for approval prlor to the beglnnlng of ead)
flnanclal year.

THE OAKLEA TRLsr
PLANS FOR FUTURE PEIUODS
Oaklea Trust and Right2Work are both well established and financially robust organlsatlons. The
Charlty Is looklng to Invest durln9 thls next perlod In the followlng areas:
Further development of Its workforce through excellent training and development
opportunltles Includlng our bespoke Leadershlp & Ex￿llen￿ programme.
Contlnued development of Extra Care Housing site within Appleby. Cumbria.
Take forward our continued planned capital investment wlthln our houslng stock.
Take forward our Inltlatlves such as Leamlng2Uve, and inltlatlves that support and grow our
scope of work wlthln County Durham, and expand the work of Furnlture Warehouse wlthln the
growth ￿an of our sub51dlary {Rlght2Work ac).
Continue to rneet the objectives outlined within our Five-year Strategic Plan.
Recrult fvrther expertlse to the Board of Right2Work and Oaklea Trust.
STrUCTUR4 GOVERNANCE AND MANAGEMENT
The Oaklea Trust Is a reglstered CharFty and constltutes a Ilrnlted companyp Ilmlted by guarantee, as
defined by the Companles Act 2006. The Oaklea Trust Is controlled by Its governlng document. a
Memorandum and Artlcles of As50clatlon.
The Oaklea Tfust Board meets regularty throughout the year and In addltlon attends an annual away
day wlth the Executlve to revlew the strateglc directlon of the organlsatlon, current arbd future
challenges. goals and alms of the Charlty. An annual comblned meetlng of Boards Is scheduled for
November 2024.
The Oaklea Trust also operates a FInan￿ Commlttee and a Remuneratlon Commlttee. The Finance
Committee ensure5 that the organisation operates within the best practice guidance of the Charity
Commlsslon and ensures thorough revlew and monltorlng of the flnanclal management of the
oryanlsatlon. The FInan￿ Commlttee meets quarterly and operates wlthln Tems of Reference as set
by the Board of Trustees.
The Remuneratlon Commlttee meets once a year to conslder employee renumeratlon wlthln the
Charity In Ilne wlth budgeted produttlons.
The Board of Trustees a150 delegate authority to the Executive as ouuined in policy.
All employees and Trustees are ￿¢rUIted utilising open advertlsement and In accordan￿ wlth
Recruitment and Selection Policies. Oaklea is a supporter of the disability confident campaign and has
achleved Disability Confident status. Oaklea Trusvs pollcy Is to promote equallty of opportunlty to all
In employment and the selettlon process Irrespettive of thelr gender, race, ethnlc orlgin, d5sablllty,
age, nationality, sexuality, marital status and soclal dass. Oaklea oppose all forms of unlawful and
unfalr dlscrlmlnatlon. Selectlon ft)r employment. promotion. training and any other benefits 15 on the
basls of aptitude and ablllty.
All new Trustees are glven Inductlon packs that provide information about their ￿sponSibl11t1es under
company and charlty law. All Trustees conform to Oaklea Trust's Declaration of Interests pollry. New
Trustees joln the organlsatlon on a trial period prior to being formally appointed. Thelr role durirHJ this
period is one of non-votlng obseNer to gain an understanding of the complexities of the organisatlon
arKI their responsibilities as a Trustee.
The Oaklea Trust s soclal enterprfse subsldlary Rlght2Wortt C.l.C operates under 5ts own Artldes."
Right2Work C.I.C. 15 a Cornmunity Interest Company and is wholly owned by Oaklea Trust. There Is
an asset lock In place whlch ensures that the Oaklea Trust Is the reclplent of any resldual assets should
the company be wound up. Rlght2Work C.I.C. Is a 'not for proflt. organlsatlon and any surpluses or
assets are used for the benefit of the communtty. save those donated to the Charlty Oaklea Trust.
Rlght2Worf¢ C.l.C has Its own Board wlth a mlnlmum of three Dlrectors. of whlch at least one must be
from the Oaklea Trust Board of Trustees and at least one must be independent of the Oaklea Trust.
The relationship between the two organisations is subjett to an operatlng agreement.

THE OAKLEA TRusr
The Trustees and Dlrectors have a duty to Identlfy and review the risks to which the Charity and its
subsidiary are exposed. Both oryanisatlons keep a Ilve Rlsk Reglster whlch is regularfy dlscussed at
Board meetings. There Is a rfsk policy in place which ensures the assessment and monltoring of risk,
each risk is scored and a key Indlvldual Identlfied to take any actlons as necessary.
The Oaklea Trust Strateglc Rlsk Reglster which is regularly reviewed, focusses on the areas of:
nanclng, Contracts & Buslness Development, People, Data Management, rr & Infrastructure and
Govemance. Each of these rfsks Is analysed Into rlsk factors and Control measures are put In pla
where ne￿Sary and appropriate. At the mornent the key rlsks Identlfled arE: Impact of Llvlng Wage
Foundatlon and the Impart of political changes on income flow5 through the public sector. the viablllty
of exlstlng Local Authorlty and NHS contracts and the capaclty to develop new buslness, the speed at
which dlgltal technology is changlng and the securlty of data. the changing nature of the sector arKI
the changing nature of governan￿ wlthln It.
The Rlght2Work C.l.C Rlsk Reglster focuse5 on the same areas. All of these Issue5 are regularly under
revlew and measures are belng developed as approprlate.

statement ol trustees. responslbllltles
The trnstees. who are also the dlrectors of The Oaklea Trust for the purpose of company law, are
responsible for preparing the Trustees. Report and the flnanclal Statements in accordance with
appllcable law and Unlted Klngdom Accountlng Standards {Unlted Klngdom Generally Accepted
Accountlng pract1￿}.
Company Law requlres the trustees to prepare finandal statements for each flnanclal year whlch glve
a true and falr vlew of the state of affalrs of the tharlty and of the Incomlng resources and application
of resources, Includlng the Income and expenditure, of the charitable company for that year.
In preparfng these flnanclal statements. the trustees are requlred to:
- select sultable accountlng pollcles and then apply them conslstentlyi
- observe the methods antl prfnclples In the Charltles SORP;
make Judgements and estlmates that are reasonable and prudent.
state whether appllcable UK Accountlng Standards have been followed, subject tt+ any materlal
departures dlsdosed and explalned In the finandal ststements. and
prepare the flnanclal statements on the golng concern basls unless It Is Inapproprlate to presume
that the charfty wlll contlnue In operatlon.
The trustees are responslble for keeplng adequate accountlng records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the flnanclal
statements comply with the Companles Act 2006. They are also responslble for safeguardlng the
S5ets of the charity and hence for tsking reasonable steps for the prevention and detertion of fraud
and other Irregularitie5.
Audltor
In accordance wlth the company's artldes, a resolutlon proposing that Azets Audit se￿1￿ be
appointed as auditor of the company will be put at a General Meeting.
Dlsclosure of Inforniatlon to audltor
Each of the trustees has confirnied that there is no information of which they are aware which is
relevant to the audit, but of which the auditor is unavRre. They have further confirned that they have
taken approprlate steps to Identlfy such relevant Inforniatlon and to estsbllsh that the audltor Is aware
of such infomation.
Approved by order of the board of trustees on .....................
and slgned on Its behalf by:
Harrfs - Chalr
stees

THE OAKLEA TRusr
Independent Audltor's Report to the Members of The Oaklea Trust
Oplnlon
We have audlted the flnanclal statements of The Oaklea Trust (the °parent charfty? and Its subsldlary
(the -group? for the year ended 31 March 2024 whlch comprlse of the Consolldated Statement of
Finanaol Activitie5, the Group and Charfty Balan￿ Sheets, the Consolldatsd Statement of Cash Hows
and the related Notes to the Nnanclal Statements Indudlng a summary of signlflcant accountlng
polldes. The finandal reportlng framework that has been applied in their prepardtlon is appllcable law
and Unlted Kingdom Accountlng Standard5, induding Financial Reportlng Standard 102: The Flnandal
Reporting Standard applicable in the UK and Republlc of Ireland (Unlted Klngdom Generally Accepted
Accounting Practice).
In our oplnlon. the financial statements:
give a true and fair view of the stste of the group's and parent charitable companf5 affaiT5 as
at 31 March 2024 and of its income and expenditure for the year then ended;
have been properly prepared In accordance wlth Unlted Kingdom Generally Accepted
Accountlng Practlce; and
have been prepared In accordano with the requlrements of the Companles Act 2006.
Bas1$ for oplnlon
We conducted our audlt in accordance wlth Intematlonal Standards on Audltlng (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further descrfbed in the Auditorfs
responsibilltles for the audlt of the financial statements sectlon of our report. We are Independent of
the Charity In accordance wlth the ethlcal requlrements that are relevant to our audit of the finandal
statements in the UK, including the FRC'S Ethlcal Stsndard and we have fulfilled our other ethlcal
responslbllltles In accordance wlth these requirements. We belleve that the audlt evldence we have
obtained Is sufficient and appropriate to provlde a basls for our Oplnlon.
Concluslons relatlng to golng concern
In audltlng the financlal statements, we have conduded that the Trustees, use of the golng concern
basls of accountlng In the preparatlon of the finandal statements Is approprlate.
Bjsed on the work we have performed, we have not Identified any material uncertaintles relatlng to
events or condltlons that, Indlvldually or collertivelyi may cast signlficant doubt on the group's ablllty
to contlnue as a golng concern for a period of at least twelve months from when the flnanclal
ststements are authorised for issue.
Our responslblllties and the responslbllltles of the trustees wlth respect to going concem are descrlbed
In the relevant section5 of this report.
Other Inlormatlon
The trustee5 are responsible for the other. inft?nnation. The other infonnation comprises the
inftirniatlon Included In the annual report other than the flnanclal statements and our audltorfs report
thereon: Our opinion on the ftnanclal statements does not cover the other Information and, except to
the extent otherwise expllcltly stated In our report. we do not express any form of assurance
condusion thereon.
In connertion with our audit of the financial statements, our responsibility is to read the other
Inforniatlon and, In dolng so, conslder whether the other infonnation Is materlally Inconslstent wlth
the finandal statements or our knowledge obtained In the audit or othernilse appears to be materially
rnlsstated. If we identify such material Inconslstenaes or apparent materlal mlsstatements, we are
requlred to detem)Ine whether there Is a materfal mlsstatement in the financlal statements or
rnaterfal rnisststement of the other Information. If, based on the work we have performed, we condude
that there is a material misstatement of thls other Inft)rniatlon. we a￿ requlred to report that fact.
We have nothlng to report In thls regard.

Independent Auditor's Report to the Members of The Oaklea Trust
Oplnlons on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken In the course of the audlt:
the Informatlon glven In the trustees. report {incorpordtlng the dlrectors. report) for the
financlal year for which the financial statements a￿ prepared is consistent with the financial
statements. and
the trustees. report (Incorporntlng the dlrettors. report) has been prepared In accordance wlth
applicable legal requirements.
Matters on whlch we Bre reqUIr￿ to report by exceptlon
In the light of the knowledge and understanding of the group and parent charltable company and its
envlronment obtalned In the course of the audlt, we have not Idertlfled materfal mlsstatements in the
Trustees, Annual Report.
We have nothlng to report In respect of the followlng matters In relatlon to whlch the Companles Art
2006 require5 US to report to you if, in our opinion:
adequate accountlng records have not been kept or returns adequate for our audlt have not
been reoived from branches not vislted by us.
the flnanclal statements are not In agreement wlth the accountlng records and retums.
certaln dlsclosures of trustees, remunerauon speclfled by law are not made; or
we have not obtained all the infomation and explanations necessary for the Purpo￿ of our
audlt.
R•8ponslbllltles of th• tNsto•s
explalned more fully In the trustees, responslbllltles statement. the trustees are responslble for the
preparatlon of the flnanclal statements and for belng satlsfied that they glve a true and falr vlew, and
for such Intemal control as they detennlne Is necessary to enable the preparatlon of financlal
statements that are free from materlal mlsstatemen¢ whether due to fraud or error.
In preparfng the flnanclal ststements, the trustees are responslble for assesslng the Charltable
Company and Group's ablllty to contlnue as a golng concern. dlscloslng, as appllcable, matters related
to going concern and uslng the going con￿rn basis of accounting unless the trustees either intend to
Ilquidate the Charitable Company or to cewse operatlons, or have no reallstic alternative l)ut to do so.
Our responslbllltl¢$ for the audlt of th• flnJn¢lal $tst¢ments
Our objecUve5 are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement. whether due to fraud or emjr, and to Issue an audttorfs. report
that Indudes our oplnlon. Reasonable assurnnce Is a high level of assurdnce. but Is not a guarantee
that an audit conducted in accordan￿ with JSAS (UK) will always detert a material misststement when
It exlsts. M155tatements can arlse from fraud or error and are consldered materlal If, indlvidualty or In
the aggregate, they could reasonably be expected to Influen￿ the economic declslons of users taken
on the basis of these financlal 5tstements.
A fvrther descrfption of our responsiblllties for the audlt of the financlal statements is located on the
Financlal Reportlng Councll's webslte at wvM.frtorg.uVauditorsresponslbllltles. Thls descrfptlon
ftimis part of our auditorfs report.
Irregularftles, Includlng fraud, are Instances of non-compllance wlth laws and regulatlons. We deslgn
procedures in line with our responslbllltles. outlined above. to detect material misstatements in rtspect
of Irregulartties, including fraud. The extent to whlch our prO￿dureS are capable of detertlng
Irregularltles. Indudlng fraud, Is detslled below.
io

THE OAKLEA TRusr
Independent Auditor's Report to the Members of The Oaklea Trust
Extent to whlch the audlt was capable of Identifying irregularities, including fraud
We identified areas of laws and regulations that could reasonably be expected to have a material effect
on the flnancial statements from our general commerclal and sector experlence, through discussion
with the directors and other management, and from inspection of the charitable group's regulatory
and legal correspondence. We disojssed with the trustees and other management the pollcles and
procedures regardlng compllance with laws and regulations. We communicated identified laws and
regulations throughout our team and remained alert to any indications of non-compllance during the
audlt.
The charitable group is subjert to laws and regulations that directly affect the flnanclal statements
including financial reporting legislation (including related companles and charities legislation),
pensions legislation, taxation legislation and further laws and regulatlons that could indirectly affect
the flnanclal statements, comprlslng envlronmental, health and safety and employment legislation,
and, in the current cllmate, Covid regulations. We assessed the extent of compliance with these laws
and regulations as part of our procedures on the related financial statement items. Audltlng standards
limit the required audit procedures to identify non-compllance wlth these laws and regulations to
enquiry of the dI￿ttOr$ and other management and Inspection of regulatory and legal corresponden￿,
If any. These procedures dld not Identlfy any potentially material actual or susperted non-compliance.
To identify risks of material misstatement due to fraud we consldered the opportunltles and Incentlves
and pressures that may exist within the charltable group to commit fraud. Our risk assessment
procedures included: enquiry of trustees and other management to understand the high level pollcles
and procedures In platt to prevent and detect fraud and reading Board minutes. We communlcated
identified fraud risks throughout our team and remained alert to any indicatlons of fraud during the
audlt.
As a result of these procedures we identified the greatest potential for fraud in the followlng areas:
income recognition and in particular the risk that restricted income Is Incorrectly recognised
within unrestricted income; and
subjectlve accountlng estlmates.
As required by auditing standards we also Identified and addressed the rlsk of management override
of controls.
We performed the ft)Ilowing procedures to address the risks of fraud identified:
identifying and testing high risk joumal entries through vouchlng the entries to supporting
documentatlon;
assessing significant accounting estimates for bias" and
testing the recognition of income and In partlcular that It was approprlately recognised or
deferred.
Owlng to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have properly
planned and performed our audlt In accordance with auditing standards. For example, the further
removed non-compliance with laws and regulations is from the events and transactlons reflected in
the financial statements, the less likely the Inherently Ilmlted prO￿dureS requlred by auditing
standards would identlfy it.
In addltion, as with any audit, the￿ remained a hlgher risk of non-detection of fraud, as these may
involve collusion, forgeryi Intentlonal omissions, misrepresentations, or the override of intemal
controls. Our audit Pro￿dureS are designed to detect material misstatement. We are not responsible
for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws
and regulatlons.
li

THE OAKLEA TRusr
Independent Auditor's Report to the Members of The Oaklea Trust
Use of our report
This report is made solely to the Charty's member5, a5 a bodyi in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
Charity's mernbers those matters we are required to stste to them In an audltorfs report and for no
other purpose. To the fullest extent pemiitted by law, we do not accept or assume responslblllty to
anyone other than the Charity's members as a body, for our audit work, for thls report, or for the
opinions we have formed.
Prz£trs iILJLk Setruoo
Susanna Cassey (Senlor Statutory Auditor)
For and on behalf of Azets Audit Services Limited
ovember 2024
Chartered Accountants
Statutory Auditor
Fleet House
New Road
Lancaster
United Kingdom
L41 IEZ
12

Consolldated and Charfty Balance Sheets as at 31 March 2024
CON￿lidated
2024
C￿r
2024
2023
2023
FIX￿ aM•ts
Intsnglble flxed assets
Tanglble fixed assets
io
li
2,063,245
1.962,398
1,934,355
1,891,423
Investments
12
063.Z45 1.962.398
1.934356
1,891A24
Stod(
8N81
6,050
Debtors
13
834.371
785.508
765,712
686,509
Cash at bank
999,411
941.103
842,214
815,562
1,84l203
1.732,661
1.607.926
1,502,071
Credltor&" Armunts fallng due
wlthln one year
14
(1,152.609) (1,130.329}
{956.363) (977.0331
689.654
602.332
651.563
525.038
Creditors: Amounts falllng due
4fter than one year
15
{709,969}
(790,840)
(691.742) (774.325)
Net a•8ets
¥04&930
1.773,890
IA94.177
1,642,137
R¢pr¢*¢nt¢d by:
Unrestritted dwrity funds..
General
17
687,941
1,354,989
398,607
1,375,283
651,563
321.313
Deslonated
Restrictsd tharity funds
17
1,242,614
1,320,824
17
Totsl fund•
04&930
1,773,890
1,894.177
1,642,137
These flnanclal statements have been prepared In accordance wlth the special provlslons of Part 15 of
the Companles Att relatlng to small companles.
The financial ststements were approved by the Board of Trustees on ......... . .... .
Its behalf by:
and slgned on
C T J Harrls - Chalr of Truste
Comyny R¢gl•tr•tlon Numhr: 04416344 (England and W*le•)
Reglstered Charlty Number: 1091722
14

Consolldated Cash Flow Statement for the year ended 31 March 2024
2024
2023
Cash Ilows from operatlng aetiviti¢s
Net cash wovlded by •)peratlr¥J artlvltles
Taxatyon pald
Interest pald
23
391,701
(460)
674,017
N•t Cjsh generated by operatlon•
3fj4786
644,562
Purchase of tsnglble fixed assets
Proceads from sale of tsnglble flx*l as￿$
Net cash (used In) Inv•Jtlng acllvltkni
(227.165)
(160,933)
{220,895)
(151,226)
Cash flows from Iln•ndng artlvltle•
In(rease In l (repayment on bank borrovllngs
Hlre pwchase credltor (decrease)
(82,583)
{82.583)
(82,583)
(82,583)
Ch&nge In cash and ush equlval•nts In th& y••r
58.30B
410,753
Cash and cash equlv¥lents brought forward
Cash and ca#h equlvalents carrled fo￿1￿1
530 350
999
941 103
15

THE OAKLEA TRUST
NOTES TO THE CONSOUDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Notes to the Consolldated Flnanclal Statements for the year ended
31 March 2024
Accountlng polldes
The principal accounting policles adopted. Judgements and key sources of estlmatlon uncertalnty In
the preparation of the financial Statements are a5 follows:
awritsble company Inforniatlon
The charftable company is limited by guarantee. with the liabilty of members limited to £1 per
member. The charitable company 15 reglstered In England and Wales with the Charity Commission.
The reglstered offlce Is Second Floor, East Wlng Statlon House, Statlon Road, Kendal, Cumbrfa, Unlted
Kingdom. LA9 6RY.
If upon wlndlng up or dlswlution of the charitsble company there remain any assets, after satisfying
all debts and Ilablllties. the assets represented by the accumulated fund shall be trdnsferred to soff
other charltable body or bodles havlng objectives simllar to the Charfty.
Accountlng conventlon
The flnandal statements have been preparnd on a golng concern basls In accordance wlth Accountlng
and Reportlng by Charltles: statement of Recommended practi￿ appllcable to charftles preparfng
thelr accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS102) (effettlve l January 2019) ("Charities SORP {FRS102)?, the Financial Reporting
Standard appllcable In the UK and Ireland (FRS 102), the Companles Art 2006 and the Charltles Att
2011.
The flnancial statements are prepared In sterllng. whlch Is the functlonal currenry of the company.
Monetary amounts In these flnancial ststements are rounded to the nearest £1.
The flnandal statements have been prepared under the hlstorical cost convention. The principal
accountlng polldes adopted are set out below.
On the gmunds that the tharltable company's results are consolidated into the charitable COMpan￿S
group accounts the charltable company has taken advantage of ttrtaln exemptlons conferred by
sertlon 1.11 of FRS102 as follows:
Exemption from presenting a tharitable uimpany statement of cash flows as a prlmary
statement to the flnanclal statemerts.
13olng concern
The Trustees have at the tlme of approvlng the flnanclal statements a reasonable expectation that the
charitable company and group have adequate resources to contlnue In operatlonal existen￿ for the
foreseeable future. The charftable company and group has SLrfficlent cash reserves to meet Its
requlrements In the medium term. It is considered that there are cuThently no material un￿rtaintieS
whlch Impatt on the charltable company belng able to contlnue In its currert fonn. Thus the Trustee5
contlnue to adopt the golng concern basis of accounting In preparfng the financlal statements.
Basis of consolldatlon
The flnandal statements consolldate the results of the tha￿table company and Its wholly owned
subsldlaryi Rlght2Work CIC, on a Ilne by Ilne basls. A separate Statement of Flnanclal Actlvltles and
Income and Expenditure Account for the charitable company has not been presented as the charltable
company has taken advantage of the exemptlon afforded by sectlon 408 of the Companles Act 2006.
The income of the charitable company for the year was £9.097.269 (2023 - £8.642.076). Induded In
this was £95.486 Glft Ald asset.trdnsfer {2023 - £56.641) from the subsldlary. Expenditure amountsd
to £8,845,229 (2023 £8,314,545). The net surplus of the tharltable company ft)r the year was
£252.040 (2023 - £327.531 surplus).
16

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED PINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Income
All income is induded in the Consolldated Statement of Finanaal Activities when the charitsble
company is entlued to the Income and the amount can be quantified wlth reasonable accurary. The
following specffic poliae5 are applled to partlcular categorfes of Income:
Donatlons are included In full In the Consolldated Ststement of Flnanclal Actlvltles In the year
in whlch they are receivable.
Grants where the income is relatsd to perft>rrnan￿ and specific dellverables. are accounted
for as the charity earns the right to conslderatlon by Its perfom)ano.
Income arislng from grants and slmllar contracts specffically ftir the provision rf artivities or servi
which are pnjvided as part of the tharitable actlvltles of the charlty Is recorded Ur￿er the headlng of
Income from charitable activities.
All other Incoming resources are recognised on an accruals basis.
Fund accountlng
Funds held by the charity are elther:
Unrestrltted general funds - these are funds whlch can be used In accordance wlth the
charftable objects at the dixretlon of the Trustees;
Designated fvnds- these are funds all¢xated from the general fvnd or recelved from thlrd
partles whlch have no restrittions on thelr use$ l)ut whlch are deslgnated for a partlcular
purpose accordlng to the Trustees; or
Restrlcted funds- these are funds that can only be used for partlcular restrlcted purposes,
as spedfled by the donors, wlthln the objerts of the charfty.
Ex￿ndIture
Expenditure Is recognlsed In the perlod In whlch It is Incurred. Expendlthre Includes related value
added tax which cannot be recovered. Liabllltles are recognlsed as expendlture as soon as there is a
legal or constructlve obllgation committing the charity to the expendlture, It Is probable that a transfer
of economlc beneffts wlll be requlred In settlement and the amount of the obligation can be measured
rellably. Expendlture is accounted for on an accruals basls and has been dassified under headlngs that
aggregate all cost related to that category. Where costs Cannot be dlrertly attrlbuted to partlcular
headings they have been allocated to activltles on a basls conslstent wlth the use of resources.
Expendlture on charftable actlvltles comprlses those costs Incurred by the charfty In the de15very of Its
actlvities and services. It indudes both costs that can be allocated directly to those actlvltles and
those of an Indlrect nature n￿ssary to support them.
Support costs
Support C05t5 relate to charftable artlvity and as such dont need to be allocated betYRen dlfferent
headlngs.
Governance costs comprfse all costs relatlng to publlc accountability of the charfty. The costs Indude
statutory audlt fees.
Operatlng leases
Rentals applicable to operating leases are charyed to the Consolldated Statement of Financial Activities
on a stralght line basis over the term of the lease.
The costs of short tenn employee benefits are recognlsed as a Ilablllty and an expense bvhere
settlement of obllgatlons does not fall wlthln the same period.
Employee severance and redundancy pay Is recognlsed wlthln the accounts, on an accruals basis In
the year In whlch the employee either left, or agreed to leave, the organlsatlon.
P•nslon costs and other post-r￿rement b¢n¢fits
The Charlty operatss a defined contrlbutlon penslon scheme. The pension cost In the Consolidated
Statement of Financlal Actlvltles represents the contrlbutlons payable for the year.
17

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
In addltlon, the Charlty has an employee who Is a member of the Cumbrla County Councll Penslon
Scheme which Is a defined benefit scheme. The assets of the Scheme are held separately from those
of the charftable company. Employer contrlbutlons in respect of thls scheme are also tharyed to the
Statement of Flnanclal Actlvitles In the perlod to whlth they relate.
Intanglble flxed assets - goodwlll
Goodwlll represents the excess of the cost of acqulsltlon of unlncorporated buslnesses over the falr
value of net assets acqulred. It is Inltlally recognlsed as an asset at cost and is subsequently
measured at cost less accumulated amortlsatlon and accumulated Impalm)ent losses. Goodwlll has
an expected Ilfe of ten years and shall be amortlsed on a systematlc basls over Its Ilfe.
Tanglble flxed ass•ts
Tanglble flxed assets are Inltlally measured at cost and subsequently measured at cost or valuatlon,
net of depreclatlon and any Impalrnient losses.
Depredatlon Is recognlsed so as to wrlte off the cost or valuatlon of assets less thelr resldual values
over thelr useful Ilves on the followlng bases:
Freehold land and bulldlngs
Leasehold land and bulldlngs
Flxtures and flttlngs
Computers
Motor vehlcles
not depreclated (see below)
over the term of the lease
25% - 33% reduclng balance
25% reduclng balance
25•h reduclng balance
Land and bulldlngs are not depreclated slnce It Is consldered that glven the long Ilfe of the propertles
cOn￿med, depre¢latlon WOLtld be ImmaterSal. If any. The Dlrertors cary out an annual Impalrment
revlew In accordance wlth accountlng standards.
It Is a poll¢y that a full yearfs depreclatlon Is charged on tanglble fixed asset addltlons and no
depredatlon Is charged on tanglble flxed assets In the year they are dlsposed of.
It Is a pollcy of the trustees that Indlvldual Items wlth a cost below £350 are not capltallsed.
The galn or loss arlslng on the dlsposal of an asset Is deternilned as the dlfference between the sale
proceeds and the carrylng value of the asset and Is recognlsed In net Incomel(expendlture) for the
year.
Flxed asset Investments
Flxed asset Investments are Inltlally measured at transactlon prfce exdudlng transactlon costs, and
are Subsequently measured at falr value at each reportlng date. Change5 In falr value are recogn15ed
In net Income/(expendlture) for the year. Trarwrtlon costs are expensed Bs IncU￿ed.
Impalrment of flxed assets
At each reporting end date, the reviews of the carrying amounts of its tangible and intangible assets
to determlne whether there is any Indlcatlon that those assets have Suffered an impalrment loss. If
any such Indlcatlon exists, the recoverable amount of the asset is estlmated In order to determlne
the extent of the impairnent loss (if any}.
No Impairnient revlew was undertaken in the year but was replaced by a report for our bankers on
each propertles valuatyon.
stocks are stated at the lower of cost and estlmated selllng Prf￿ less costs to complete and sell.
C•sh and cash equlvalents
Cash and cash equlvalents Include cash Sn hand. dep05its held at call with bank5, Other short-temi
Ilquld Investments wlth orfglnal maturltles of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
18

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
VlThanclal Instrum•nts
The group has elected to apply the provlslons of Sectlon 11 'Baslc Flnanclal Instruments, and Section
12 '0ther Finanaal Instruments Issues, of FRS 102 to all of Its finandal Instruments.
Flnanclal Instruments are recognlsed In the Charlty's balance sheet when the becomes party to the
contrartual provisions of the Instrument.
D•btor•
Trade and other debtors are recognlsed at the settlement amount due after any trade dlscount offered.
Prepayments are valued at the amount prepald.
Financial assets, other than those held at falr value through profft and loss, are assessed for Indicators
of Impalrment at each reporting end date.
Flnancial assets aTr Impalred where there Is objectlve evldence that, as a result of one or more events
that occurred after the Inltlal recognltion of the finandal asset. Impalrment losses are recognlsed In
the Income and expendlture account.
Credltors, loans and provl$lon•
Credltors. loans and provlslons are recognlsed wherè the group has a present obllgatlon resultlng from
a past event that will probably result In the transfer of funds to a thlrd party and the amount due to
settle the obllgatlon can be measured or estimated reliabty. Creditors. loans and provisions are
nornially recognlsed at thelr settlement amount after allowing for any trade discounts due.
Flnanclal Ilabllltles are only derecognlsed when, and only when, the group's obllgatlons are dlscharged,
cancelled or they explre.
Amounts recognlsed as provlslons are best estimates of the o)nsideratlon requlred to settle the
present obligation at the reportlng end date, taklng Into account the rlsks and uncertalnties
surroundlng the obligation.
Crftkal accountlng •stlmat•8 and Judg•m•nts
In the application of the group's accountlng pollcles, the trustees are requlred to make Judgements,
ertlmates and assumptlons al)out the carying amount of assets and Ilabllltles that are not readlly
apparent from other sources. The estlmates and associated assumptions are based on histQTical
experlence and other factor5 that are consldered to be relevant. Actual results may dlffer from these
estlmates.
The estlmates and underfylng assumptlons are reviewed on an ongolng basls. Revlslons to accountlng
estimates are rEcognised in the period In whlch the estlmate Is revlsed, If the revlslon affacts only that
period, or in the period of the revision and future perfods If the revlslon afferts both current and future
pejlods.
Crftlcal Judgem•nts
The followlng Judgements (apart from those Involvlng estlmates) have had the most slgnlflcant effect
on amounts recognlsed In the flnanclal statements.
Tangible fixed assets
The useful Ilfe and depreclatlon rate of tangible fixed assets are reviewed annually and amended when
necessary.
D•tlned b•n￿lt •th¢m•
The Trustees have declded not to comply wlth the regulatlons of Flnanclal Reportlng Standard No. 17
to dlsdose the surplusldeflclt of the scheme In relatlon to their employee In the current year as they
believe the figures are immaterial to the financlal statements.
19

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMErtrs
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Donatlon8 and grants
T•t•l
Funds
Funds
2024
2024
2023
2023
2023
General donatlons
15.895
191
16086
906
2,032
2,938
Grnnts and
sponsorshlp
4,758
4.758
169,962
169,962
IS.895
20W4
906
171,994
172,900
ChDrltsbl• Jctlvities
Unv••trf¢t￿ R••trtct•d
Fund$
Fund$
Totsl
Unrestr5cted Restrlcted
Funds
Funds
Totsl
2024
2024
2024
2023
2023
2023
Care and gJpport In
the Communlty
9,894￿18
9￿￿518
9.331,382
9?31,382
Care and *JPPDrt
In ￿ Communlty.
- other
9.894.318
9,894,318
9,331.382
9.331.382
20

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Expendlture on chJrlt•bl• Jrtlvltle•
Totsl unreStrk￿ Restricted
Totsl
2024
2024
2024
2023
2023
2023
Dlrert ￿$ts.
.8,294,665
4,949 8 299.614
7.613,980
171,994 7,785,974
Staff related costs
185,258
185.258
146,298
146,298
Depreclatlon
121,032
121.032
104,199
104,199
Propeity costs
415,068
415068
383,869
383,869
rr costs
114,062
114062
114,213
114,213
Other dlrect costs
154,010
154.010
232,770
232,770
Other d)arltable
expenditure
339,638
339.638
377,586
377.586
9.623.733
4.949 9.6¥682
8,972,915
171.994 9,144.909
Audltor remunerntlon
14040
14H40
13,000
13.000
Govemance rosts
3.000
3.000
4.164
4,164
17WIO
17WO
17,164
17,164
Total w>•ndlture on
¢harltable a¢llvltles
9.641.173
4.949 9046.122
,990,079
171,994 9,162,073
21

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Net Income ft>r the year
Thls Is siatsd after dwglng:
2024
2023
Depreclatlon - owned assets
121,032
104.199
Intanglble amort[￿tIon
{Profft)ILo$s on dlspo$al of flxed assets
(986)
{3,165)
Lease expendlture
92,604
55,412
Audltors. remunerntlon: _ audSt servlces
14040
13,000
Tnwteu. r•mun•ratlon and b•n•llt8
No trustees. remuneratlon or other benefits were pald for the year ended 31 March 2024 {2023 -
£nll).
Trustees. expenses pald for the year ended 31 March 2024 amounted to £2.870 (2023: £1,501).
The expenses relate to ft¥ur Trustees (2023: six).
Staff ￿9*6
2024
2023
Wages and salaries
7,522,048
7,073,315
Soclal securfty costs
601,361
556,399
Penslon costs
176,205
156.260
8.299.614
7,785,974
The totsl remuneratlon of the key management personnel was £306,436 (2023: £274.764}.
Relmbursed expenses, whlch are all subject to the charlty's processes of Intemal controls, do not form
part of remuneratlon and are not Included above.
Two employees recelved remuneratlon over £60,000 during the year {2023: one employee In the
£60,IXIO - £70,000).
One employee was In the £80,000 - £90.000 band (2023: One employee in the £70,01)0 - £80,000).
22

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Staff costs (contlnued)
The average number of employees (full and part time) based on headcount during the year was:
2024
14umber
2023
Number
Management
53
60
Admlnlstratlve
15
13
Care and Support
299
301
367
374
Taxatlon
The charltable actlvltles of The Oaklea Trust are potentially exempt from taxatlon under Chapter 3 of
part 11 of the Corporation Tax Act 2010.
Right2Work CIC Is not exempt to corporatlon tax and so surpluses are subject to a taxatlon charge.
io
Intsnglble flxed as#•t•
Consolldated
and Charlty
At l Apdl 2023 and 31 March 2024
7,800
A¢¢umul)t4d depreclatlon
Balance at l Aprfl 2023
7,800
Impalmient
Balance at 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
23

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
li
Tanglble flxed assets
Consolldated
Pr•ohold
land and
bulldlng•
L&q8ehold Flxtures
land and
and Comput•r#
bulldlngs
flttin
Motr•r
vthld
T4ts1
At l Aprll 2023
1.875.576
20.546
307,523
419,189
137.540 476ffj374
Addltlons
111,508
104,876
10,781
227.165
Dlsposals
(32,569) (3&569)
At 31 Marth 2024
I,875￿70
132.054
41A399
429.970
104.971 ¥954.970
Deprn¢l•Uon
At l Aprfl 2023
189.758
9.745
185,514
333,204
79.755
797.976
Charge for the year
17.112
60,777
30,018
13.125
121m2
DISpo￿lS
{27.283) (27.283)
At 31 Mard) 2024
189.758
26￿57
246.291
363.222
65.597
891.725
Nrt book value
At 31 Marth 2024
685.818
105.1•7
166.108
66.748
39￿74 lo63￿45
At 31 March 2023
1.685.818
10,801
122,009
85,985
57.785
1.962 398
24

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
li
T•ngible flxed •Mets {￿ntInU•d)
Charlty
Fr••hold L•**•hold Hxtu
land and
land and
and Comput•rs
I￿lIdIn￿￿
bulldlngs
flttlngs
vehklel
At l Aprll 2023
1,875,576
20,546
285,940
404,522
11.502
598.086
Addltlons
20,361
100,186
10,781
131.328
Dlsp)sals
{11,502)
(11.502)
At 31 March 2024
1.875.576
40.907
386.126
4x5,303
¥717.912
Depredatlon
At l Aprfl 2023
191,286
8,217
175,120
322,073
9,967
706.663
Charye for the year
4.091
52,752
30,018
S6￿61
Blmlnated on dlsposal
(9,967)
(9.967)
At 31 March 2024
191.286
1i30B
227.872
35&091
783A57
N•t book valu•
At 31 M•rth 2024
084.290
28￿9*
158.254
63.212
1.934.355
At 31 Marth 2023
1,684,290
I2￿29
110,820
82,449
1,535
1,891h23
12. Investments
The consolidatsd financlal ststements Include the results of Rlght2Work C.l.C, a company Ilmlted by
shares (Incorporated In England and Wales* registered number 07708701), Its sole member being The
Oaklea Trust. The Ilablllty of the charfty In the event of Rlght2Work C.l.C belng wound up Is Ilmlted
by a sum not exceedlng £1.
Income earned and expenditure incurred by Rlght2Work C.l.C have been recognlsed wlthln the
charftable artlvltles of The Oaklea Trust s consolidated accounts on the basis that these activities are
deemed to have tharftsble Intentlons and purposes.
25

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
13.
Debtors
ConMlldatad
Charfty
2024
2024
2023
2023
Trade debtors
304.103
376,627
192,176
317,418
Other debtors
381.397
269.568
346,003
229.778
Amounts due from fellow
group undertaklng5
78,662
Prepayments and accrued
Incon
148.871
139.313
148,871
139.313
834.371
785,508
765.712
686,509
I￿ Cr•dltorB - Amounts falllng du• wlthln on• y￿r
ConwlldJt•d
2024
2023
2024
2023
Bank Loans (see note 16)
82,684
82￿84
82.684
82.684
Trade uedltors
214.203
179,664
172.688
90h61
Other credltor5
43,137
56.389
43,137
56,389
Amounts owed to fellow group
ndertJ￿ngS
Other taxatlon and sodal
securlty
161,933
157.713
142,534
131,463
117,214
Hlre purthase
Corporatlon tsx
3,137
460
Acauals and deferred Income
651,735
668,598
526.391
468,352
1.15&009
1,130.329
956,363
977,033
Bank loans are repayable In quarterly Instalments and Interest Is ¢haryed between 3.3% - 3.6%.
Bank loans are secured by first legal charges over freehold and leasehold propertie5, and a debenture
over all other prnperty and assets.

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
15. Credltors - Amounts falllng after more th•n one year
Con¥olld•t•d
Charity
2024
2023
2024
2023
Bank loans (see note 16)
488,018
570,601
488.018
570,601
Accruals and deferred Income
203,724
203,724
203,724
203,724
18,227
16,515
709.969
790,840
691,742
774.325
The bank loans are secured by the charltable companyi as noted above.
27

THE OAKLEA TRusr
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMEKrs
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
16. B•nk lopns
An anatysls of the maturfty of the loans Is given below:
Con8olldated
•rtty
2024
2023
2024
2023
Bank loans falllng due:
Wlthln one year
82,684
82,684
82,684
Between one and five years
488,018
570,601
488,018
570,601
Over flve years
57ffj702
653,285
570,702
653,285
17. Funds summary
B•l•nc
i Ap•al
20
*nc•
Incom• FxpwdltsY• Tr•n•l•rn 31 M•r¢h
2024
General fvnd
398.607
9,910213
{9.641,173)
20.294
687,941
Designated fun
1,375,283
(20,294)
1,354,989
R•strlct•d fvnds:
Restrfcted fund
4,949
(4,949)
Totrl Funds
1,773,890 9,*15,162
(9,646,122)
20K930
Il•l•n¢
i Aprfl
2023
B4l•n
Znwm• Exp•ndltur• 7rnTh•l•r• 31 H•￿h
2024
Ch•rlty
unre*trlct￿.
General fvnd
321,313
9,092￿20
(8,840,280)
78RIO
651,563
Deslgnated fund
1,320,824
(78.210)
1,242.614
Restrieted fvnd$:
Re5trlrted fund
4,949
(4,949)
Total Fund$
1,644137 9.097.269
(4845.229)
1,8941

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
The deslgnated fund represents the net fixed assets (fixed assets less long terni credltors) which are
not liquid arnounts, and are represented by long tern amounts already spentr within the charity.
The restricted income Indudes various grants re￿Ived from the local counclls during the year. All of
the grants were spent as at 31 March 2024.
18. Analysls of net assets between funds
Unr••trkt•d
funds
Con￿11￿4￿d
fund#
funts
2024
2024
2024
2024
Flxed assets
2,063R45
063,245
IW2.263
1.84263
Credltors due wlthln one year
(1,152,609)
(¥152009)
Credltors due after one year
(709,969)
{709.969)
Total fi•nd$
1 353 276
2 042 930
Unr•*l¢t•d
funds
I>•￿•That•d Reatrlctod
fund•
fund*
Ch•rlty
Totsl
2024
2024
2024
2014
Flxed assets
1,934,356
1,934356
Current Assets
1,607.926
1.607.926
Credltors due withln one year
Creditors due after one year
Translers
(956,363)
{•56.363)
{691.742)
(691,742)
Total fund•
1 242 614
1 894 177
19. Company Ilmlted by guarante•
The charity is a company limited by guarantee and has no share capltal. The members of the company
undertake to contribute such amount as may be requlred to the company's assets. In the event of the
charlty belng wound up, the Ilability In respect of each member Is Ilmlted to £1.
29

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Commltm•nts - Consolldatad and Charlty
Oper•tlng lea•• ¢ommltm•nts
The total future mlnlmum lease payments under non-cancellable operating are as follovts:
Land and bulldlngs
2024
2023
2024
2023
Explrfngl
Tlllthln one year
Between one and flve years
Over )Ive year5
46A78
155.584
58,500
151,644
1,104
1.385
1.104
2.492
379 788
Capltal commltments
At 31 March 2024 the charlty had not approved any capltal expendlture whlch has not been contractsd
for. nor entsred any contracts for. capltal expendlture whkh were not provlded for (2023 - £nll).
21. Penslon Commltm•nts
The charlty operatss a deflned contrtbutlon xheme. The pension costs charge for the year was
£176,205 (2023: £156,260). At the balano sheet date £26,616 (2023: £23,065) was outstandlng.
The charfty also contrlbutes to a penslon scheme wlth Cumbrfa County Coundl. The penslon cost
tharge represents contribution5 payable and amourted to £6.305 (2023: £6.069). At the balance
sheet date the scheme was in surplus. resultlng In a debtor of £5.600 (2023: £5.400 debtor}.
The company has one employee who Is a member of the defined benefit scheme. The Trustees have
decided not to comply with the regulations of Flnanclal Reportlng Standard No. 17 to dlsdose the
sutplusldeflcit of the scheme in relatlon to thelr employee In the current year as they believe the
flgures are Immaterfal to the financlal statements.

THE OAKLEA TRUST
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
22. Related party tran*actlon•
During the year the charltable company was under the control of Its Board of Trustees. CA Wlgleyi
Chlef Executive and Company Secretary was also a dlrettor of the trading subsldlary, Rlght2Work
Umlted.
Rlght2Work Umlted
On 18 July 2011 the charftable company Incorporated a trddlng subsldlary.
At the year end date, the charftable company had provlded an Interest bearfng loan.
Durfng the year, In addltlon to the recharye of expenses. The Oaklea Trust has charged Rlght2Work
CIC (a subsldlary of The Oaklea Trust) rent and servlce charges amountlng to £16.606 (2023
£9,492).
Durlng the year, Rlght2Work CIC donated £95,486 (2023 - £56,641) to the parent, The Oaklea Trust.
At the year end, The Oaklea Trust had amounts due from RIght2W0￿ CIC of £78,662 (2023 - owed
to Rlght2Work CIC of £161,933).
23. R•conclllatlon of nat Income/•xpendlturn to net cash flow fmm operatlng actMtI•s
2024
2023
Net mov*nert in fund5
269,040
342.209
AdJu•tm•nts for:
Depreclatlon charrjes
121,032
104,199
Amortlsatlon charyes
(ProfftMo5s on dIspo￿l of tanglble flxed assets
(986)
(3.165)
Taxatlon
4,850
4￿88
Interest payable
29055
29,455
(Increase)IOecrease In stock
{2,431)
71
{Increase)IOecrease In debtors
(48,862)
3n,494
Increasel{D•crease) In credltors
19,603
(175.634)
Net cuh provlded by oper•tlng •¢tl¥ftl¢s
391.701
674.017
Anatysls ol changes In net debt
At l Aprl 2023 Cagh flows
At 31 Morch 2024
Cash at bank and In hand
941,103
58,308
999,411
Loans falllng due wlthln one year
{82,684)
(82,684)
Loans falllng due after morn than year
(570,601)
82,583
{488,018)
287.818
140,891
428.709
31