Charity Registration No. 1095999
Company Reglstratlon No. 04626174 {England and Wales)
OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Ms P E Helliar-symons
Mr D E Main (Appointed Company Secretary 2 February 2024)
MrA R G Pudner (Appointed 2 February 2024)
Mrs E J Pudner (Appointed 2 February 2024)
Mrs C M Gilford (Appointed 26 June 2024)
Charity number
1095999
Company number
04626174
Prfncipal address
Oakwood Youth Challenge
Waterloo Road
Wokingham
Berkshire
RG40 3DA
Reglstered office
Oakwood Youth Challenge
Waterloo Road
Wokingham
Berkshire
RG40 3DA
Auditor
Ward Williams
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
Bankers
Barclays Bank PLC

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees, report
Independent audilorfs report
Stalement of financial activities
Balance sheet
10
Statement of cash flows
11
Notes to the financial statements
12-23

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The Irustees, who are directors for the purposes of company law, present the Annual Report together with the
Financial Statements of Ihe charitable company for the year ended 31 December 2023.
The financial statements have been prepared in accordance with Ihe accounting policies set oul in note 1 to Ihe
financial stalements and comply with the charity's governing documenl, the Companies Act 2006 and "Accounting
and Reporting by Charities= Statement of Recommended Practice appllcsble to charitles preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102
published in Oclober 2019).
Objectlves and actlvltles
Mission and Vision=
The mission of the charity Is summed up by the following statement=
Oakwood Youth Challenge exisls lo challenge young people and adults physically, socially and spiritually.
The Charity's objects are: .
to advance the Christlan faith in the United Kingdom or elsewhere as Ihe directors of the Charity (herein
called "the tTUStees") may from time to time think fit-
lo advance education. including in the areas of outdoor pursuits, environmental studies, sport, music, arts
and crafts, by such means as the trustees may consider appropriate in the United Kingdom or elsewhere
as the trustees may from time lo time think fit-
to provide facilitles for recre2tlon, sport or other leisure lime occupation in the interest of social welfare for
persons who have need of such facilities by reason of Iheir youth. age, infirmity or disablement, povety
or social and economic circumstances or for the publlc at large with the object of improving the conditions
of life for such persons in the United Kingdom or elsewhere as the trustees may, from Ilme to time, think
fit.
The trustees are committed to enabling as many young people as possible to benefil from the facilities at
Oakwood Youth Challenge.
Activltles offered:
Oakwood Youth Challenge offers a range of actlvities designed to challenge young people and adults, helping to
build self-confidence and an awareness of the needs of others. There are key strands to the Oakwood offering:
Oakwood Resldential & Outdoor activitles
Residential accommodation: well-equipped and superbly maintained housing up to 120 childrenlyoung people with
sleeping accommodation in dormitories and safari tenls and with dining facililies, a lounge, a meeting space and
access lo extensive grounds where organised and supeNised activities take place.
High Ropes.. young people can make their way around a course of increasingly hard elements, with the support
and encouragement of their instructors and friends.
Abseiling- Taught in two slages. The first is to abseil down a very steep bank, usually achieved by every participant.
Building upon the confidenoe gained the next is from the lop of the high ropes course giving each young person a
real sense of achievement.
Mountain Biking= a three-staga mountsin biking programme provides a challenge for riders of all abilities. We teach
novices the basiGs of good riding skills on site, and we can challenge the experienced with quality rides in the
nearby Bracknell Forest.

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Low Ropes= the low ropes course proves its popularity again and again, enabling groups to see how well they can
work together, pool their resources and overcome their fears.
Mountain Boarding: a cross be￿een snowboarding and skateboarding, the basic skills of rnountain boarding are
taught on the nursery slopes.
Archery-. archery sessions are run in a dedicated archery field.
Bush Craft: Participants get to experience shelter building and fire lighting under the watchful eye of an instructor.
Outdoor leaming for these sessions involves choosing a suitable area for an improvised shelter, learning knots,
setting up a bivouac, the fire triangle, fire slarting and fire safety. This activity allows those participants who might
not perform so well at heights the chance to shine in another area.
Orfenteering- Using the grounds at Oakwood, participants are taught how to read and orientate a map in order to
locate a series of markers around the site. Once basic map reading skllls have been laught and tested then Ihe
compasses come out and learning takes place around walking on a bearing.
Oakwood Cllmblng Centre
The purpose-built indoor Climbing Centre provides physical and social challenges to young people and adults.
Climbing has many benefit5, from a vlbrant social environment to improving general fitness and flexibility.
Publlc Benefit
The trustees confirm that they have complied with the requirements of sectlon 4 of Ihe Charities Act 2011 to have
due regard to the public benefit guidance published by the Charity Commission for England.
Performance
2023 has been an incredibly busy and successful year for Oakwood Residential. It is a pleasure and a privilege lo
host over 70 groups, and we conslantly hear quotes of how people feel like they are "coming home" when they
arrive at Oakwood. Some of our larger groups utillzed not only Ihe domiitory and safari tent accommodation but
also pitched lents on Ihe field to increase the capacity. The feedback from these groups attesls to not only the
quality of Ihe facilities at Oabwood but also the benefits to those attending in building relationships and developing
Social skills.
One of the highlights was hosling Ihe military serving soldiers and their children, as seeing the impact that this
weekend had on them, bringing them together, was incredible. We have also supported a number of bursary
requests from groups. Some of the stories are heart-breaking, and we love being able to financial support pupils
so that no one is left behind in the classroom whilst their peers are out having fvnl
Using activities such as mountain boarding, archery, high ropes, and the leap of faith, our outdoor activity
programmes are at the heart ofwhat we do here at Oakwood. They offer a holistic approach to youth development
and outdoor leaming and have clear physical and mental health benefit5. These programmes provide opportunities
fof personal growth, foslering resilience, confidence and perseverance, as young people push beyond their comfort
20nes to overcome the challenges that they face.
Our holiday activity days proved very popular again, with 687 young people attending. These days give young
people the opportunity to take part in up to 5 exciting activities led by qualified instruclors. Challenging them as
individuals, teaching them new hard skills and developing their soft skills, such as team work and communication.

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Using our charitable giving fund, with match funding from Wellington College, we were able to provide free team
building days for every Year 7 class at 5 local secondary schools (1109) students; a work that continues inlo 2024,
with a further three schools due to attend in the first quarter. As well as taking on challenges, such as our high
ropes course, our low-ropes course is invaluable in these sessions, as it is a fanlastic tool for
leambuilding and problem solving.
Use is made of the Nalional Outdoor Learning Award scheme through which participants are helped to develop
high levels of molivation, esteem, sklll, knowledge and a desire to learn.
The climbing centre continued to develop throughout 2023 and welcomed 21,188 climbers of all abilitles. We further
developed our provision for young people by launching a new youth academy for those wanting to excel without
the desire lo compete. The outdoor boulder has been rebuilt in a more contemporary Style with a canopy overhead
to protect it from the wealher and allow for more climbing.
The leam within the Climbing Centre continue to deliver high quality instructing lo a wide range of people including
school groups, birthday parties, sessions for those with Special Educational Needs and for charity groups as well
as running nationally accredited schemes, such as NICAS.
We hosted The Mighty Oak, our flagship event putting Oakwood on the map of national climbing walls, and
welcoming Molly Thompson Smith and Aiden Dunn, athletes who would olherwise be representing Great Britain
on the world stage. Competitors ranged belween 7 and 76 age-wise.
There has been an increased focus in the year on creating bursary funding and in applying this to help children
and youth who otherwise would not be able lo benefit from the facilities at Oakwood. During the year, a lotal of 21
bursary funded places have been tsken up for climbing or outdoor activities and a further 31 places fijnded for
children slaying in Ihe residential centre.
Future Developments.
Each year, we undertake further improvements to the Residential accommodalion to ensure we continue lo be
viewed as a premier location by groups that visit. other programmes for 2024 include improvements lo the slte
infrastructure to cope with the increased number of visitors and re-modelling certain aspects of the indoor
climbing cenlre. In addition, conscious of environmental issues, trustees are exploring investing in solar energy
for the site which will also reduce our annual running costs.
Financlal review
Tolal income for the year ended 31 December 2023 was £1,790,154 (2022: £1,701,966). The total expenditure for
the year was £1,892,735, compared lo £1,493,883 in 2022. This increase is primarily due to Ihe increased costs
of the dimbing centre but additionally it is due to the increased wages and salaries costs.
The Charity ended the year with net assets of £1,019,262 of which £454,890 were cash at bank and in hand.
No reseNes policy has been set to date, however, the trustees are committed to the sound financial management
of Ihe charity, whilst ensuring ihat the resources available continue to be invested in young people, especially in
the local area.

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management
Nature of governing document=
The organisation is a charitable company limited by guarantee, incorporated on 31st December 2002 and
registered as a charity on 171h February 2003. The company was sel up under a Memorandum of Association
which established the objects and powers of the charitable company and is governed under its Articles of
Associalion.
The trustees, who are also the direclors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statemenls were:
Ms P E Helliar-symons
Mr J R Davis (Resigned 20 January 2024)
Mr D E Main (Appointed Company Secretary 2 February 2024)
Mr L Layton-matthews (Resigned 26 January 2024)
MrA R G Pudner (Appointed 2 February 2024)
Mrs E J Pudner (Appoinled 2 February 2024)
Mrs C M Gilford (Appointed 26 June 2024)
Recruitment and appointment of trustees-.
Truslees are not subject lo retirement by rotation and the temi of office of a Irustee continues until he or she retlres
or is removed in accordance with the relevant provisions of the Articles.
New trustees must subscribe to the Stalemenl of Beliefs set out in the schedule to the Memorandum and are
appointed having due regard for any specialist skills they may bring, together with a general enthusiasm for Ihe
charity's Work with young people.
Induction and Iraining of tnjstees..
Prior to their appointment, Iruslees undergo a period of familiarisation with the activities and scope of operation of
Oakwood Youth Challenge. They are encouraged to visit lo see the work of the charity. In addition, they are
introduced to key personnel.
A￿angeMentS for setting key management personnel remuneration=
The trustees appoinl and detemiine the remuneration of all members of the Senior Leadership team.
Organisatlonal structure-
The Chief Operating Officer, and each other member of the Senior Leadership team, report fomally to the trustees
each month. Matters of strategic direclion and policy are reviewed and determined by the trustees. The Senior
Leadership team have delegated powers for the implementation of the strategy.
Major risks and management of those risks..
A comprehensive Risk Register has been complied and reviewed by the trustees.
Health and Safety and Child Protection-
Oakwood Youlh Challenge has a Health and Safety and Child Proleclion Policy covering all aspects of the charity's
operation. The Centre's Operations Direclor lakes responsibility for keeping ihis document fit frjr purpose and
ensuring staff are fully aware of its contents. All staff are DBS checked. An extensive video recording syslem has
been installed in the indoor Climbing Centre.
An MIA qualified Technical Advisor checks the policies and procedures for indoor and outdoor activities annually.
Since he additionally runs courses at the centre he is able to view the cenlre In operation approximately every
other month.
Climbing Wall SeNices, a specialist company providing technical advice and dimbing wall safety inspections check
the slruclural integrity of Ihe indoor climbing walls annually. Similarly, the high ropes and low ropes courses are
inspected by High Fime Technical Consultants each year.

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Statsm8nt of trustees, responslbllftles
The Irustees, who are also the direclors of Oakwood Youth Challenge for the purpose of company law, are
responsible for preparing the Trustees, Report and the finanual statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charity and of the incoming resources and application of resources, including
Ihe income and expenditure, of the ¢h8ritsble company for that year.
In preparing these flnancial statements, the Irustees are required to..
select suitable accounting policies and then apply them consistenty;
observe the methods and principles in the Charitles SORP.
make judgements and estimates that are reasonable and prudent; and
prepare the financial statemènts on the going concern basis unless it is inappropriate to presume that the charity
will continue In operation.
The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at
any time the financial positlon of the charity and enable them to ensure that the financial statements comply with
the CompaniesAct 2006. They are also responsible for safeguardlng the assets of the tharity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance with the company's articles, a resolutlon proposing Ihat Ward Wlliams Limited be reappointed as
auditor of the charitable company will be put at a General Meeling.
The trustees, report was approved by the Board of Trustees.
Mr
Trustee
Dated.. ..L.i.loTrliol¥
ain
Ms P E Helliar-symons
Trustee
Dated: . *.!.l.o.7.1.lo.%¥

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF OAKWOOD YOUTH CHALLENGE
Oplnlon
We have audited the financial statements of Oakwood Youth Challenge {Ihe'charity') forthe year ended 31 December
2023 which comprise Ihe statement of financial activities, the balance sheet, the statement of cash flows and Ihe
notes to Ihe financial statements, includlng a summary of significant accounting pollcies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting standa￿ applicable in the UK and Republlc ol
Ireland (United Kingdom Generally Accepted Accounling Practice).
In our opinion, Ihe financial statements:
give a true and fair view of Ihe slate of the charitable company's affair5 as at 31 December 2023 and of its
incoming resources and application of resources, for the year then ended.
have been properfy prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnion
We conducted our audit in accordan￿ with Inlernatlonal Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditorfs responsibillties for the audit of the
accounts section of our report. We are independent of the charity in accordance with the ethical requirements that
are relevant to our aLtdil of Ihe accounls in the UK, including the FRC'S Ethical Standard, and we have fijlfilled our
other ethical responsibililles in accordance with these requirements. We believe that Ihe audit evidence we have
obtained is sufficienl and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing Ihe financial statements, we have concluded that the Irustees, use of the going concern basis of accounting
in the preparation of the financial slatements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
condilions that, individually or colleclively, may casl significant doubt on the charitable company's ability to continue
as a going concern for a period of at least ￿e1ve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the
relevant sedions of this report.
Other inforniation
The trustees are responsible for the other infomation. The other information comprises the infomiation included in
the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial
statements does not cover the other information and we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial slatements, our responsibility is lo read the other information and, in doing
so, consider whelher the other information is materially inconsislent with the financial statements or our knowledge
obtained in Ihe audit or othe￿iSe appears to be materially misslaled. If we identify such material inconsistencies or
apparent material misslatemenls, we are required lo determine whether there is a malertal misststement in the
financial slatements or a material misslatement of the other information. If, based on the work we have performed,
we conclude that Ihere is a material misstatement of this other information, we are required to report Ihat fact.
We have nothing to report in this regard.

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF OAKWOOD YOUTH CHALLENGE
Matters on which we are required to report by exceptlon
In the light of the knowledge and understanding of the charity and ils environment obtained in the course of the audit,
we have not identified material misstatemenls in Ihe directors, report included within Ihe trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports)
Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statemenls is inconsislent in any material respect with the trustees, report.,
or
sufficient accounting records have not been kept., or
the financial slatements are not in agreement with the accounting records- or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Responslbllities of trustees
As explained more fully in the slatement of truslees, responsibilities, the trustees, who are also the dlreclors of the
charity for the purpose of company law, are responsible for the preparation of the financial slatements and for being
satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo
enable the preparation of financial slalements that are free from material misstatement, whether due lo fraud or error.
In preparing the financial statements, Ihe trustees are responsible for assessing Ihe charity's abilty to continue as a
going concern, disclosing. as applicable, matters related lo going concern and using the going concern basis of
accounting unless the Irustees either intend lo liquidate the charitable company or to cease operations, or have no
realistic altemalive but to do so.
Auditorfs responsibilities for th8 audit of the flnancial statsments
We have been appointed as auditors under section 145 of the Charities Act 2011 and report in accordance with the
Act and relevanl regulations made or having effect Ihereunder.
Our objeotives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstalement, whether due to fraud or error, and to issue an auditovs report that includes our opinion.
Reasonable assuran￿ is a high level of assurance, but is not a guaranlee that an audit conducted in accordance
with ISAS {UK) will always detect a malerial misstatement when it exists. Misstatemenls can arise from fraud or error
and are considered material if, individually or in Ihe aggregate, Ihey could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial slatemenls.
Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures in
Ilne wilh our responsibilities, outlined above, lo delect material misstatements in respect of irregularilies, including
fraud. The 8Xtenl to which our procedures are capable of detecting irregularities, includlng fraud, is detailed below.
We obtained an understanding of the legal and regulatory frameworks applicable to the charity and Ihe sector
in which Ihey operate. We determined that the following were most significant: the Companies Act 2006, the
Charities Act 2011, Child safeguarding and the Health & Safety Executive (HSE).
We obtained an understsnding of how the charity are complying with those legal and regulatory frameworks
by making inquiries to the management of the charity. We corroborated our inquiries through our review of
correspondence during our audlt work.

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF OAKWOOD YOUTH CHALLENGE
We assessed the suscepiibility of the charity's financial statements to malerial misstatement, including how
fraud might occur. Audit procedures performed included..
identifying and assessing the design effediveness of controls management has in place to prevent
and detect fraud;
understandlng how those charged with governanoe considered and addressed the potential for
ovenide of controls or other inapproprlate influence over the financial reporting process;
challenging assumptions and judgements made by management in ivs significant accounting
estimates.,
identifying and testing journal entries, in particular and journal entries posted with unusual account
combinations; and
assessing the extent of compliance with the relevant laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading lo a material misstatement in the financial statemenls or non-compliance with regulation. This risk increases
the more Ihal compliance with a law or regulatlon is removed from the events and transadlons reflected in the
financial statements, as we will be less likely to become aware of inslances of non-compllance. The risk is also
greater regardlng irregularities occurring due to fraud rather Ihan error, as fraud involves intentional concealment,
forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting CoLtncil's website at: http:1h￿.frc.org.ukIaUditOrsreSponsib1Il1Ies. This description forms part of our
auditovs report.
Use of our report
This report is made solely to Ihe charity's trustees, as a body, in accordance with part 4 of Ihe Charities (Accounts
and Reports) Regulalions 2008. Our audit work has been undertaken so thal we might slate lo the charity's trustees
those matters we are required to state to them in an audilorfs report and for no other purpose. To the fullest extent
permltted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees
as a body, for our audit work, for this report, or for the oplnions we have formed.
Frank Harling (Senior Statutory Auditor)
for and on behalf of Ward Williams
..3. 11.071.20.
Chartered Accountants
Statutory Auditor
Belgrave House
3943 Monument Hill
Weybridge
Surrey
Iff13 8RN
Ward Williams is ellgible for appointment as auditor of the charity by virtue of its eligibility for appoinlment as auditor
of a company under of section 1212 of the Companies Act 2008

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unreslricted Restricted
funds
funds
general
2023
Total
Total
2023
2023
2022
Notes
ncome and endowrnents from:
Donations and legacies
Charitable activities
29,360
29,360
1,651,160
87,720
21,914
3,226
1,592,928
87,731
18,081
1,651,160
87,720
21,914
Other activities
Investments
Total income
1,760,794
29,360
1,790,154
1,701,966
nditure on:
Raising funds
55,522
55,522
55,744
Charitable activities
1,589,658
47,555
1,637,213
1,438,139
Totsl resources expended
1,645,180
47,555
1,692,735
1,493,883
Net Incoming resources before transfers
115,614
(18,195)
97.419
208,083
Gross Iransfers belween funds
(26,300)
26,300
Net movement In funds
89,314
8,105
97,419
208,083
Fund balances at 1 January as restated
919,655
2,188
921,843
713,760
Fund balances at 31 December
1,008,969
10,293
1,019,262
921,843
The slatemenl of financial activities indudes all gains and losses recognised in the year and therefore a statement
of comprehensive income has not been prepared.
All of the above amounts relate to unrestrided fvnds, ex￿pt for the restricted funds shown separately.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under
the Companies Acl 2006.

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS A T 31 DECEMBER 2023
2023
2022 as
restated
Notes
Fixed assets
Tangible assets
Current assets
Stock5
Debtor5
Cash at bank and in hand
11
3.787,C65
3,896,292
13
14
4.673
226,469
454,890
6,936
255,731
364.144
686,032
626,811
Creditofs: amounts falllng due withln
one year
15
(863,038)
{844,822}
Net current assets I (liabilities)
(177,006)
(218,011)
Total assots les8 current liabllltles
3,610,059
3.678,281
Credltors: amounts falling due after
more than one year
16
(2,590,79n
(2,756,438)
Nat assets
1,019,262
921,843
Incomè funds
Unrest '
ed fiJnds-
Designated fvnds
General unrestricted funds
eneral
20
840,000
168,969
919,655
1,008,969
919,655
Restricted funds
21
10,293
2.188
1,019,262
921,843
The financial statements were approved by the Trustees on
z!.107.1￿..l¥
Ms P E Helliar-symons
Trustee
MrDEMain
Trustso
Company Reglstration No. 04626174
10-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notss
Cash flows from operating actlvities
Cash generated from operations
391,220
524,098
Investlng activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Interest re￿iVed
<139,426)
(3,223,218)
1,679
2,914
1,435
131
Net cash used In investing actlvities
(134,833)
(3,221,652)
Flnanclng activities
Proceeds from borrowings
Proceeds of new bank loans
Repayment of bank loans
300,000
2,830,800
(264.043)
(165,841)
Net cash generatsd from flnancing
activities
(165,641)
2,866,757
Net increase in cash and cash equivalents
90,746
169,203
Cash and cash equivalents al beginning of year
364,144
194,941
Cash and cash equivalents at end of year
454,890
364,144
11

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
Charity Infomiation
Oakwood Youth Challenge is a private company limited by guarantee incorporated in England and Wales. The
registered office is 0a￿00d Youth Challenge, Watedoo Road, Wokingham, Berkshire, RG40 3DA.
Each of the trustees is liable lo contribute an amount not ex￿edIng £1 towards the assels of the charity in the
event of liquidation.
1.1 Accounting convenllon
The financial statemenls have been prepared in accordance with the charity's governing document, the
Companies Act 2006 and 'Accounting and Reporting by Charities= Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102 - published in October 2019). The charity is a Public Benefit Entity
as defined by FRS 102.
The financial slatements are prepared in sterfing, which is the functional currency of the charity. Monetsry
amounts in these flnancial statements are rounded lo Ihe nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At Ihe time of approving the financial ststements, the trustees have a reasonable expeclation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue lo adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objeclives unless the funds have been designated for other purposes.
Unrestricted designated fijnds relate to specific projects lo enhance the facilities and activities offered by the
charity and reduce the carbon footprint. The Trustees have d8signated funds that will help part-fund these
projects, which will require some grant funding for them to be completed.
Restricted income funds are those donated for use in a particular area or for specific purpose, the use of which
is restricled lo that area or purpose.
1.4 Incoming resources
Income is recognised when Ihe charity is legally entitled lo it after any performance conditions have been mel,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless perforniance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognlsed on receipt or otherwise if Ihe charity has been notified of an impending distribution,
the amounl is known, and receipt is expecled. If the amount is not known, the legacy is treated as a contingent
asset.
Deferred income represents amounts received for future periods and Is released to incoming resources in the
period for which, it has been received. Such income is only defe￿ed when..
It relales lo a booking for a future period; or
- The donor specifies that Ihe grant or donation must only be used in future accoLtnting periods- or
- The donor has imposed conditions which must be met before the charity has unconditional entitlement.
12-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢countlng policies
(Contlnued)
1.5 Resources expended
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount Can be measured reliably. All costs are allocated lo the applicable
expenditure heading Ihat aggregate similar costs to Ihat category. Where costs cannot be directly attributed lo
particular headings they have been allocated on a basis consistenl with Ihe use of resources, with central slaff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the income split of the relevant charitsble aclivities.
Charitable expenditure comprises those costs incurred by the charity in the delivery of ils actlvities and services
for its beneficiaries. It includes both Ihe costs that can be allocated directly lo such activitles and those costs of
an indirect nature necessary to support them. The charity has 2 main charitable activities, being the residential
and outdoor activities, and Ihe indoor climbing centre.
Governance ¢osts indude the costs attribulable lo the charity's Complian￿ with constitutional and statutory
requirements, including audit, strategic management and trustees, meetings and reimbursed expenses.
All expenditure is shown net ofVAT. The charity is partially exempt for VAT purposes, and therefore the element
of unrecovered VAT is shown within support costs. It has not been considered practicable or necessary to
allocate the unrecovered VAT against each individual cost.
1.6 Tanglble fixed assets
Individual tangible fixed assets costing £250 or more are inilially measured at cosl, net of deprecialion and any
impairment losses.
Depreciation is recognised so as to write off the cosl or valuation of assets less their residual values over their
usefvl lives on the following bases:
Freehold land and buildings
Leasehold improvements and structures
Furniture, fixtures and equipments
Motor vehicles
At between 2.220/0 and 10 % on straight line method
Al belween 6.670/4 and 200/0 on straight Ilne melhod
At between 12.5 /0 and 50010 on reducing balance method
At 25 1 on reducing balance method
The gain or loss arising on the disposal of an asset is delermined as the difference be￿een Ihe sale proceeds
and the carrying value of the asset, and is recognised in net Incomel(expenditure) for the year.
1.7 Impairment of fixed assets
At each reporting end dale, the charity reviews the carrying amounts of its tangible fixed assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication exists,
the recoverable amount of the asset is eslimated in order to detemiine the extent of the impairmenl loss (if any).
1.8 Stocks
Stock4 are stated at Ihe lower of cost and eslimated selling pri￿. Slocks relate to the Cafe (raw materials and
products for resale) and Retail (equipment, shoes and dothing for resale).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call wilh banks, other short-lerm liquid
investments wilh original maturilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
13-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
Icontlnuedl
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transadion costs and are subsequently carried at amortised cosl using the effeolive interest
method unless the arrangement conslitutes a financing transaction, where the Iransaction is measured al the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Trade debtors are amounts due from customers for merchandise sold or seNices perfomied in the ordinary
course of business.
Basic financial liabllltles
Basic financial liabilities. including credltors and bank loans are initially recognised at Iransaclion price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at Ihe present
value of the fijture payments discounted at a market rate of interest. Financial liabilitles classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised rA)st, using the effective Interest rate method.
Trade credltors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabillties if payment is due within one year
or less. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised initially at transaclion
price and subsequenlty measured at amortised c081 using the effective interest method.
Derecognitlon of financlal liabilltles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charily is demonstrably committed
to teminate the employment of an employee or lo provide temination benefits.
1.11 Retirement benellts
The charity pays into a NEST workplace pension scheme for quallfying employees. The assets of the scheme
are held separately from Ihose of the company. The annual contributions payable are charged to the statement
of financial aclivities. Payments are charged as an expense as they fall due.
1.12 Leases
Rentals payable under operating leases, including any lease incentlV8s received, are charged to income and
expenditure on a straight line basis over the tem of the relevant lease.
14-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Donations and legacies
Unrestricted Restricted
funds
funds
general
Totsl
2023
Total
2022
Donations from individuals and gift aid reclaimed
29,360
29,360
3,226
29,360
29,360
3,226
For the year ended 31 December 2022 as restated
3,226
3,226
Charltable actlvltles
Resldentlal
and outdoor
actlvities
Indoor
cllmblng
Gentro
Totsl
2023
Totsl
2022
Charitable activities and seNices
504,073 1,147,087 1,651,160
1,592,928
other activitles
Unrestrfcted Restricted
funds
funds
general
Total
2023
Total
2022
Indoor climbing centre - retail income
Indoor climbing centre - Cafe
24,579
63,141
24,579
63,141
26,533
61,198
Other activities
87,720
87,720
87,731
For the year ended 31 December 2022
87,731
87,731
Investments
2023
2022
Rental income
Interest receivable
19,0(10
2,914
17,950
131
21,914
18,081
2022
Raislng funds
2023
Climbing equipment and clothing for resale
Cafe expenses - purchases and consumables
19,243
36,279
21,121
34,623
55,522
55,744
15-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable activStles
Residential
and outdoor
activities
Indoor
Climblng
centre
Totsl
2023
Total
2022
Slaff cosls
Depreciation
Disposal of assets
Catering expenses
Equipment and consumables
Cleaning and laundry
Activity instnjction and Iraining
Repairs and maintenance
Utilities and telephone
Membership fees and licensing
Bank charges and loan interest
Computer, website and sofvare fees
Miscellaneous expenses
Route settlng costs
Competitlon prizes and event costs
Free of charge services
Unrecovered VAT
226,149
63,956
(425)
30,505
3,781
13,693
18,296
15,156
12,408
2,602
141
396,375
143,592
(185)
622,524
207,548
(610)
30,505
19,364
20,139
27,716
25,740
35,552
8,233
19.572
2,968
5,408
76,018
13,366
47,555
8,939
512,033
138,120
10,301
31,220
22,196
16,082
23,575
28,094
19,922
6,237
25,977
4,124
2,056
83,124
3,117
6,102
9,109
15,583
6,446
9,420
10,584
23,144
5,631
19,431
2,968
5,408
76,018
13,366
3,510
4,413
44,045
4,526
440,241
730,296 1,170,537
941,389
Share of support cosls (see note 8)
Share of governance costs (see note 8)
114,889
1,780
344,668
5,339
459,557
7,119
489,171
7,579
556,910 1,080,303 1,637,213
1,438,139
Analysls by fund
Unrestricted funds - general
Restricted funds
512,865 1.076,793 1,589,658
44,045
3,510
47,555
556,910 1,080,303 1,637,213
For the year ended 31 December 2022 as restated
Unrestricted funds - general
Restricted funds
417,722 1.014,316
2,593
3,508
1,432,038
6,101
420,315 1,017,824
1,438,139
16-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs
Support Governance
costs
costs
2023
2022 Basls of allocation
staff costs
Depreciation
Disposal of assets
Operating lease chafges
Foundation event costs
Insurance
Legal Fees
Unrecovered VAT
Office costs
Advertising
utilities and telephone
Vehide njnning costs
Site maintenance
Mortg8ge and bank
interest
Audit fees
107,292
40,037
107,292
40,037
154,088 Based on income split
109,028 Based on income split
307 Based on income split
99,739 Based on Income split
769 Based on income split
26,842 Based on income split
11,030 Based on income split
12,132 Based on income split
19,432 Based on income split
1,365 Based on income spllt
14,872 Based on income split
1,279 Based on income split
22,452 Based on income split
16,915 Based on income split
34,573
11,276
8,565
16,322
1,335
19,554
1,834
15,539
203,230
34,573
11,276
9,434
16,322
1,335
19,554
1,834
15,539
203,230
869
6,250
6,250
6,500 Based on income split
459,557
7,119
466,676
496,750
Analysed be￿een
Charitable aclivities
459,557
7,119
466,676
496,750
Governance costs includes payments to the auditors of £6,250 (2022- £6,500) for
audit fees.
Trustees
None of the trustees received any remuneration or benefits from the charity during the year.
17-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Employees
Number of employees
The average monthly number of employees (induding senior management team) during the year expressed
as full time equivalents was..
2023
Number
2022
Number
Charltable Aclivilies
30
27
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
655,583
42,472
31,761
597,099
46,057
22,965
729,816
666,121
There were no employees whose annual remuneration was £60,(￿0 or more.
18-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Flnancial instruments
2023
2022
Carrying amount of flnancial assets
Debt instnjments measured at amortised cost
188,601
220,597
Carrylng amount of financial liabilitles
Measured al amortised cost
3,056,929
3,221,309
13 Stocks
2023
2022
Clothing and equipment held for resale
4,673
6,936
14 Debtors
2023
2022
Amounts falling due wlthin one year:
Trade debtors
Prepaymenls and accrued income
188,601
37,868
220,597
35,134
226,469
255,731
IS Creditors: amounts falling due within one year
2023
2022
Bank loans
other borrowings
Other tsxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
17
268,871
100,000
24,546
372,360
55,969
24,000
17,292
268,871
100,000
39,395
340,556
57,639
18,815
19,546
18
863,038
844,822
16 Creditors: amounts falling due after more than one year
2023
2022
Bank loans
other borrowings
17
2,490,797
100,000
2,556,438
200,000
2,590,797
2,756,438
-20-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Loans and overdrafts
2023
2022
Bank loans
Other loans
2.759,668
200,000
2,825,309
300,000
2,959,668
3,125,309
Payable within one year
Payable after one year
368,871
2,590,797
368,871
2,756,438
Amounts included above which fall due after five years..
Payable by instalments
The other loan relales to an interest free loan from Psilogic Limited, a company which is controlled by tTUStees
of the charity, Mr A R G Pudner and Mrs E J Pudner. This was for the purchase of the land and buildlngs from
which Ihe charity operates. The remaining bank loan is a mortgage with Barclays for Ihe purchase of the land
and buildings. The Barclays loans are secured by fixed and floating charges over the land and buildings. The
Psilogic Limited loan is also secured by a fixed charge over the land and buildlngs.
18 Deferred incomo
2023
2022
Deferred income
372,360
340,556
The deferred income applies to confimied and invoiced bookings for use of the centre after the year-end.
19 Retirement benefit schemes
Deflned ¢ontribution Schemes
The charity pays inlo a NEST Workpla￿ pension scheme for qualifying employees. The assets of the scheme
are held separately from those of the charity in an independently administered fund.
The charge to surplus or deficit in respect of defined contribution schemes was £31,761 (2022 - £22,965).
20 Unrestricted designated funds
The trustees have identified a number of projecls that will enhance the faclllties and aclivities offered by
Oakwood and reduce the carbon footprint. Whilst these projects can be part-fijnded from internal resources,
some grant funding will be needed for them lo be completed. Truslees have designated £300k towards these
projects, as shown on the Balance Sheel. In addition, trustees have identified certain assets Vltal for the ongoing
delivery of the charity's seNices and dassified these as designated.
Designated Funds - Land, Property & Structures: £540,000
Designated Funds- Projects.. £300,000
21

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
21 Restrlcted funds
The income funds of the charity include the following restricted funds which have been donated to the charity
for a specific purpose. Transfers into Ihe funds from unreslricled funds relate to matched fijnding that was
requirement of the donations received.
Movement In funds
Incomlng Resources
resourceg
expended
Balance at I
January
2023
Transfers Balance at 31
December 2023
Bursary Fund
Get Berkshire Active
2,188
1,240
{5,350)
4,300
2,378
8,120
(8,120)
Charitable Giving
20,OOa
(34,085)
22,000
7,915
2,188
29,360
(47,555)
26,300
10,293
22 Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Total
Fund balances al 31 December 2023 are represented by..
Tangible assets
Current assetsl{liabilities)
Long lerm liabilities
3,787,065
<187,299)
(2,590,797)
3,787,065
(177,006)
(2,590,797)
10,293
1,008,969
10,293
1,019,282
23 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties..
Rent of £13,000 (2022: £12,000) was received from Foundation Church, an organisation in which trustee Mr D
E Main is a Trustee, and Development Director, Owen Hayward is the Paslor. Addilionalty, £nil12022: £2501
was re￿IVed for a one off activity session.
All land and buildings where the charity undertake activities from were previously leased to the charity by
Psilogic Limited, a company controlled by trustees Mr A R G Pudner and Mrs E J Pudner for £nil
(2022: £99,739) consideration.
Payments relating to the year of £nil (2022.. £10,222) were made to Reading Family Church, an organisation in
which former trustee Mr J R Davis is also a Trustee. These payments related to the secondment of the ex-CEO,
Sean Green, who is the Chair of Reading Family Church.
Payments relating to the year of £9,825 (2022.. £nil) were made to Foundation Church, an organisation in which
tnjslee Mr D E Main is a Truslee, and Development Director, Owen Hayward is the Pastor.
-22-

OAKWOOD YOUTH CHALLENGE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
24 Cash generated from operatlons
2023
2022
Surplus for Ihe year
97,419
208,083
Adjustments for..
Bank interesl received
(Profit) l Loss on disposal of tangible fixed assets
Depreciation and impaimient of tangible fixed assets
(2,914)
(610)
247,585
(131)
10,608
247,148
Movements in working capital..
Decrease in stocks
Decrease l (Increase) in deblors
(Csecrease) I Increase in creditors
Increase in deferred income
2,263
29,263
(13,590)
31,804
1,010
(22,900)
37,725
42,555
Cash generated from operations
391,220
524,098
25 Analysls of changes In net Idebt>lfund8
At l January
2023
Cash ftows At 31 D8eembér
2023
Cash at bank and in hand
364,144
90,746
454,890
Loans falling due within one year
Loans falling due after more than one year
(388,871)
(2,756,438)
(368,871)
(2,590,797)
165,641
(2,761,165)
256,387
(2,504,778)
-23-