d primor
PTA
Oakwood Association
also known as
Oakwood Primary School PTA
(an unincorporated charity)
Charity number 1102222
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024

Oakwood Association
Regulatory Infonnation
Truste68
Mrs Amy Wright
Mrs Laura Fyfe
Mrs Clare Seldon
(appointed 22 October 2024)
Mrs Samantha Bonfield (resigned 22 October 2024)
Reglstered Offlce Oakwood Primary School
OakwDod Drive
St Albans
AL4 OXA
Charfty number
1102222

Oakwood Association
Trustees Annual Report
Year Ended 31 July 2024
Structure. Governance and Management
oakwood Association, trading name Oakwood Primary School PTA, is an unincorporated association governed
by its constitution. adopted on 19 March 2003, updated on 6 March 2012. It is registered as charity 1102222
wlth the Charity Commission.
This annual report and accounts of Oakwood As50clation cover the period of l August 2023 to 31 July 2024.
anisation
The Board of Trustees administers Oakwood Association along with the members. There must be at least two
trustees. In the 2023-2024 flnancial year, the Trustees included: Clare Seldon (Chairl, Amy Wright (Treasurer),
Laura Fyfe (Co-secretary) and Samantha Bonfield (Co-secretary).
The Board is committed to meet at least three times a year.
The organisation employed no permanent members of staff.
ointment of Trustees
Trustees are appointed from its membershlp, by a majority vote at the AGM,
Objectlves and Actlvltles
In setting our objettive5 and planning our artivities the Trustees have given careful consideration to the Charity
Commission's public benefit guidance.
The objetts of the Association are to advance the education of pupils at Oakwood Primary School in particular
l. Developing effective relationships between the staff, parents and others associated with the school, including
the local community and the public,.
2. Engaging in attivities or providing facillties or equipment whlch support the school and advance the
education of the pupils,
Events
The charity carries out a wide range of activities in pursuance of it5 charitable aims. The trustees consider that
these activities provide benefit both to those who attend Oakwood Primary School and the wider community.
We had a relatively strong year, our summer fundraising was higher than last year due to extra lolly sales put on
in the second half of the summer term. Our buslest time, Christmas, was not as profitable as the previouse year
with the Parents Xmas Party taking place In a new venue which reduced its profit by over £1,000. OAKFEST was
its usual trlumph in July and we appreclated the extra support from the school staff attending.
The PTA ran over 30 events last year, from regular second hand uniform and lolly 5ale5, cinema nights, quizzes
to our larger events at Christmas, Easter, and the Summer. We were lucky enough to have 212023: 31 events
match funded by parents employers which raised an extra £1,62312023.' £2,700) to what the school & wider
community donatedl
We have Continued to make a concerted effort to help encourage both the school and wider communities to
reduce the use of single use plastic.

Oakwood Assoclatlon
Trustees Annual Report
Year Ended 31 July 2024
Financial Revlew
S endin
We were pleased to continue to receive a good number of requests over the year from teachers and noted a
continued increase in requests for outdoor play equipment which ties into our decision to continue to support
the school in their Opal scheme.
When reviewing funding forms we continue to record and look back at what type of curriculum artlvlty and
across which Key stages we have spent against to aim for a fair balance to all areas, We also report back on why
funds were not allocated and encourage them to try again next term if we think relevant.
Our funding has enabled the school to purchase this year:
Several workshops and trips across all year groups, a large expenditure on storage sheds related to storing
outdoor play equipment and a wide selection of books.
Fundln
Followin8 our policy of spending money raised in the followlng financlal year, our year end position is extemely
positive, with our reserves sitting at £42,58912023.. £41.578). Some of these funds have been requested by the
school to be spent on expetted future projects, includlng the MUGA {multi surface games arena) and Opal
(Outdoor Play and Learning) Scheme. As such, we have no uncertaintie5 about the charity continuing as a going
concern as we have no fixed outgoings.
No funds are held as Custodian trustees on behalf of others.
The future plans of the charity are to continue their attivities in line with their objectives and continue to
fundraise for the school, repeating many of the events of this year.
Trustees. Responslbllltles for the Flnanclal Statements
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Prartice.)
5elett suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP,,
make judgements and estimates that are reasonable and prudent;
stste whether applicable accounting standards have been followed, subjert to any material departures
disclosed and explained in the financial statements,.
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeplng proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply
with the Charitie5 Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and the provisions of the Trust
Deed, They are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps
for the prevention and detettion of fraud and other irregularitie5.
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charity's trustees
Amy Wright, Treasurer
Date:
i Tr 10Tr1202S

Independent examinerfs report to the trustees of Oakwood Association
I report to the trustees on my examination of the accounts of Oakwood Association for the year
ended 31 July 2024.
Responsibilities and basis of report
A5 the charity trustees of Oakwood Association (the Association) you are responsible for the
preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the
Act,).
I report in respect of my examination of the Association's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 145(5)(b) of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention
in connertion with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by section 130 of
the Act,. or
2. the accounts do not accord with those records,. or
3. the account5 do not comply with the applicable requirement5 concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fair view which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connettion with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Si8ned..
Marie Twomey-mcleod
ACA
31 Chestnut Drive
St Albans
AL4 OER
Date".
/q 102f'

Oakwood Assoclation
Statement of Financial Actlvities
Yearto 31 July 2024
General
funds
Restricted
funds
Total
2024
Total
2023
Note
Income from:
Donations
Charitable activities:
Fundraising events
Trading activities
Bank Interest
629
629
661
27,209
5,953
104
27,209
5,953
104
28,727
5,596
45
Total income
33,895
33,895
35.029
Expendlture on:
Charitable activities
Fundraising costs
Administration costs
18,949
13,662
273
18,949
13,662
273
10,882
10,622
274
Total expendlture
32,884
32,884
21,778
Net Income
1,011
1,011
13,251
Reconcillation of funds:
Total Funds brought forward
41,578
41,578
28,327
Funds carried forward
42,589
42,589
41,578
There are no recognised gains or losses other than those recognised above.
All activities are continuing.
The financial statements have been prepared on a going concern basls.

Oakwood Association
Balance Sheet
Year Ended 31 July 2024
Total
2024
Total
2023
Notes
Current Assets
Debtors
Cash at bank and in hand
2,952
40,021
506
43,659
Total current assets
42,973
44,165
Liabilities
Creditors: amounts falling due
within one year
1384)
{2,587)
Total Net assets
42,589
41,578
Funds
Unrestricted funds
General funds
42,589
41,578
Totsl Charity Funds
42,589
41,578
Approved by the Trustees and authorised for issue on 19 July 2025
Signed on their behalf by..
Amy Wright, Treasurer

Oakwood Association
Notes
Year Ended 31 July 2024
l Accounting Policies
a) Basis of Accounting
The Oakwood Association is a Charity registered in England and Wales. It's registered address is
Oakwood School, Oakwood Drive, St Albans, Hertsfordshire, AL4 OXA and it is a Public Benefit
Entity.
The financial Statements have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021, published on 16 July 2014. The
charity is a public benefit entity for the purposes of FRS 102 and therefore the charity also
prepared its financial statements in accordance with the Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {The FRS 102 Charities SORPI and the
Charities Act 2011.
The financial statements have been prepared to give a 'true and fair view, and have departed
from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to
provide a 'true and fair view,. This departure has involved following Accounting and Reporting
by Charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the
Accounting and Reporting by Charities: Statement of Recommended Practice effective from I
April 2(J)5 which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest pound.
The principal accounting policies, which are applied consistently, are set out below.
b) Going Concern Bas15
The financial statements have been prepared on a going concern basls.
Having carried out a detailed review of the Charity's resources and the current economic
challenges facing both the Charity and its members the Trustees are satisfied that the Charity
has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date
of approval of the financial statements and that it is appropriate for the accounts to be
prepared on the going concern basis.
c) Accounting Estimates
In the view of the trustee5 in applying the accounting policies adopted, no judgements were
required that have a significant effect on the amounts recognised in the financial statements,
nor do any estimates or assumptions made carry a significant risk of material adjustment in the
next financial year.
d) Income
All Income Is accounted for when there is evldence of entltlement, the receipt is probable and
the amount can be measured reliably.
e) Expendtture
All expenditure is included on an accruals basis and is recognised when there is a legal or
constructive obli£ation for payment to be made.
f) Cash and Cash Equivalents
Cash and cash equivalents include cash at banks and in hand and short term deposits with a
maturity date of three months or less.

Oakwood Associatlon
Notes
Year Ended 31 July 2024
l Accounting Policies (continued)
E) Financlal Instruments
The charity only holds basic financial instruments as defined by FRS 102. Financial instruments
receivable or payable within one year of the reporting date are recognised at their transaction
value and subsequently measured at their settlement price.
With the exceptions of prepayments and deferred income all other debtor and creditor
balances are considered to be basic financial instruments under FRS 102.
h) Critical Accounting Estlmates and Areas of Judgement
In the view of the trustees in applying the accounting policies adopted, no judgements were
required that have a significant effect on the amounts recognised in the financial statements
nor do any estimates or assumptions made carry a significant risk of material adjustment in the
next financial year.
l) Volunteers
All our events are run and supported by parent volunteers who are members of the PTA and the
trustees.
J) Trustees
No trustees were paid any remuneration or received any other benefit from the charity.
No trustees expenses have been incurred or reimbursed.
kl Related Party Transartions
There were no related party transactions in the year, or previous year,
2 Debtors
2024
2023
Other Debtors
Prepayments
2,219
733
506
Total Debtors
2,952
506
3 Cash at bank and In hand
2024
2023
Cash in hand
Current Account
Fixed Interest Accounts
120
30,911
8,990
120
34,653
8,886
Total Cash
40,021
43,659

Oakwood Association
Notes
Year Ended 31 July 2024
4 Creditors: amounts falling due wlthin one year
2024
2023
Other creditors
Accruals
84
300
2,587
Total Credltors
384
2,587

Oakwood Association
Year Ended 31 July 2024
Note 5: Detailed Income and Expendlture
2024
2023
Cost of Fundraisin
Activities
Oakfest
Christmas Fair
£2 Room
(4,085}
1673)
(153)
{9851
{io}
1400)
(2,0751
1174)
(3,897)
13371
{1731
{6291
Christmas party
Hampers
Disc05
Burns night
Cinema Night
Quiz night
Panto
Wreath makin8
Easter
Hair Braiding
Olympics
Sip and Paint
Karaoke
Ice cream sales
{4001
1133}
1411)
(3,096)
1263)
1173)
1261)
1188)
1210)
1280}
(171)
(10,6221
(3,686)
1409)
1115)
1173)
1405)
13191
113,6621
Administratlon costs
PTA membership
Bank charges
Other admin costs
Printer cartridge
{1531
1161
(1041
{1401
1421
158)
1341
{2741
1273}
Charitable events
Christmas crackers & tree
Coffee morning & New parents gifts
Gardening l Lend a Hand
Digital Panto
Year 6 Leavers
Presents- office
181)
{5)
(2,493}
1175}
{61
11,5381
11,050)
126)
(3,655)
{1,050)
137)
12,806)
Donations direct to school
Trips and workshops
Class donations
Central school fund
Teacher requests (Pot 2}
12,625)
1825)
(7.940)
{3,904}
12,6251
{825)
{4,626)
{15,294)
18,0761
Total expenditure
132,8841
121,778)
Surplus/(deficit) for the year
I,oii
13.251

Oakwood Associatlon
Year Ended 31 July 2024
Note 5: Detailed Income and Expenditure
2024
2023
Income from charitable activities
Oakfest
Christmas Fair
£2 room
Christmas Partv
Wreath making
Hampers
Deck the Halls
Discos
Burns night
Cinema night
Karaoke
Easter
Hair Braiding
Olympics
Marie's Walk
Hair Tinsel
Sip & Paint
Quiz
Spooktacular Trail
Stamptastic
Matched Funding
8,853
3,407
1,999
2,349
623
759
58
8,044
3,502
1,874
3,267
741
764
51
1,441
1,326
3,287
734
732
593
560
1,215
792
523
1,481
542
12
311
431
407
926
1,624
27,209
2,708
28,727
Income from tradln
actlvltles
Panto
Book sale
Ice cream sales
Uniform sale
Costume sale
Fab bricks
4,093
4,275
1,266
503
91
645
565
iii
5,953
5,596
Donatlons:
Easyfundraising & Amazon smile
Golf day
Putterills
Donations
188
172
552
179
Christmas treeasy
90
629
100
661
Investment Income
Bank interest
104
45
Total Income
33,895
35.029