OAKTREE FAMILY GROUP LTD
(Limited by Guarantee)
REPORT OF THE TRUSTEES
and
STATEMENT OF ACCOUNTS
31 March 2024
Company reglstratlon number: 5864277
Charlty reglstratlon number: 1107592
Yee
Family Group
Nurturing acorn5 into mighty oaks

OAKTREE FAMILY GROUP LTD
(Limited by Guarantee)
CONTENTS
Year ended 31 March 2024
Pa
The Charltyj Its ￿mberS. board of trustees,
Staff and professlonal adv*seps
Trustees. Annual Report
Flnanclal accounts:
Independent examiner, s report
10
Balance sheet
li
statement of financlal actlvitles (Incorporatlng an
Income and expendlture account)
12
Statement of cash flows
13
Notes to the flnanclal accounts

OAKTREE FAMILY GROUP LTD
(Llmlted by Guarantee)
THE CHARITY, ITS MEMBERS,
BOARD OF TRUSTEES, STAFF AND PROFESSIONAL ADVISERS
Year ended 31 March 2024
THE TRUST:
Registered name
Legal status
Reglstered off Ice
Oaktree Famlly Group Ltd
Company limlted by guarantee
Alver Valley Famlly Centre
19 Falcon Meadows Way
Gosport
Hampshlre
P013 8AA
5064277
Company reglstratlon no,
Reglstered charlty no.
Telephone number
Emall address
1107592
023 9251 2963
admin@oaktreefamllygroup.ors
BOARD OF TRUSTEES
Offlcers
Chalrman:
Adrlan Parker
Elected members
Adrlan Parker
Ian Lycett
Lesley Blackham (reslgned 15 November 2023)
Glynls Hodge5
Jullan Bowcher (appolnted l June 2023)
stephen Torrlngton (appointed 16 March 2024)
C(YIPANY SECRETARY
John Torrlngton
MANAGENENT
Head of Company
Llttle Barn Owls Manager
Flnance and offlce manager
Dlnky Ducks Manager
Julla Batley
Chloe Wayne-Morr15
Lauren Evans
Lauren Klngswell, Mlchelle Dplscoll and Karen Blakeman
PROFES510NAL ADVISERS
Independent examlner:
D Clarke ACA. Wood, Hlcks & Co Ltd,
Chartered Accountants, Unlts 1-2 Warrlor Court,
9-11 Mumby Road, Gosport, Ha￿VShIre, P012 IBS
HSBC, 26 Hlgh Street. G05POrt, Hampshlre. P012 IDG
Blake Morgan LLP, Harbour Court. Compass Road.
North Harbour, Portsmouth. Hampshlre, P06 4ST
Bankens:
Sollcltors;

OAKTREE FAMILY GROUP LTD
(Limlted by Guarantee)
TRUSTEES> ANNUAL REPORT
Year ended 31 March 2024
The Trustees have pleasure in submltting thelr annual report and the financial accounts
of Oaktree Farnily Group (the Charity or the Company) a5 at and for the year ended 31
March 2024.
SECTION I
Objects
The objects of the Oaktree Famlly Group are to work with famllles and young chlldren
C8JECTS AND ACTIvrrIES
advance the early years educatlon, phystcal well-belng and soclal development of
young chlldren.
facalltate engagement wlth local familles and slgnpost for support to progress
panent and chlld relationshlps.
promote comunlty engagement and provlde opportunltles for famlly actlvltles.
Wlth regard to the publlc beneflt the prlnclpal area of beneflt Is the Borough of
Gosport but the Charlty may also at the dlscretlon of the Trustees provlde services
outside th&s area.
Furtherance of ob
ects
The alms pursued In the attalnment of the above objects are:
(a)
to promote and host a network of support servlces for famllles and young
children. includlng but not Ilrnlted to, early years facllltles whlch profflote
young chlldren's health and well-belng) emotlonal and soclal development, and the
ablllty to actlvely learn.
to promote access to servlces. In relatlon to famllles and young chlldren
Includlng those with addltlonal needs arlslng from learnln8 and behavloural
dlfflcultles, or such other soclal and economlc needs as Identlfied by the
Trustees.
to support by way of grants or other asslstance the actlvltles of the Alver
Valley Famlly Centre provlded that the Trustees are satlsfled that the
appllcatlon of funds granted or other asslstance Is used In promotlng the
objects.
L•lork wlth and support volunteer 8roups In the communlty to host and promote
famlly activlties.
(b)
(c)
(d)
Actlvltles
Alver Valley Family Centre Is home to a full-tlme early yean settlng In Dlnky Ducks Day
Care and a term tlme only setting In Magples Pre-school, supportlng vulnerable
famlllesj and working wlth them to enhance the learnlng and development of the chlldren
In the settlng.
Developlng and supportlng the emotlonal wellbelng and communlcation
and language development of chlldren are a partlcular focus.
Llttle Barn Owls, 48 week a year pre-school provlslon that runs from the Treehouse
communlty bulldlng* whlch Is part of Elson Infant School
supportlng vulnerable
famllies and worklng wlth them to enhance the development ¢)f the children In the
setting. Developing and supportlng the emotlonal wellbelng and communlcatlon and
language development of children are a partlcular focus.
Volunteering opportunities are provlded to help indlvlduals galn experlence In a
working envlronThent withln Oaktree Famlly Group servlces.

OAKTREE FAMILY GROUP LTD
( Llmlted by Guarantee)
TRUSTEES, ANNUAL REPORT
Year ended 31 March 2024
SECTION 2
ACHIEVEMENT5 AND PERFOR14ANCE
Actlvltles and achievements In the year
Dlnky Ducks Day Care and Magpies Pre-school were based In the heart of the regenerated
area of Rowner Gosport Hampshlre.
Dlnky Ducks Day Care ha5 been provldlng Early Years provlslon to the communlty slnce
2004. They open e7.00-18.00, 51 weeks a year. closing for a week between Chrlstmas and
New year. They dellver early years care and educatlon for chlldren from 3 months to 5
years of age. The chlldren were placed across two rooms, Duckllngs (0-2) and Puddle
Ducks (2-5). The settlng5 three gardens offered free flow acces5 between Indoors and
outdoors throughout the day.
The ch£Ldren progressed weLL port*cuLarLy children wÉth a spectal educat*onaL need. The
sett*ng has high expectotfons of the chiLdren. and the ch*Ldren behove weLL. Ofsted
£nspection GrL7ded Good 5th May 2023.
Llttle Barn Owls Pre-school has been provldlng servlces to the communlty slnce 2ei7.
They open from 08.09-16.00 48 weeks a year, provldlng early years care and educatlon
for chlldren 2
5 years of age. They close for two weeks over the Easter perlod and
two weeks over Chrlstmas In line wlth Ha￿vsh￿re County Councll terrn date5. Llttle Barn
{￿lS work In collabopatlon wlth E150n Infants School helplng to bulld a communlty
around the campus.
The staff hove a cLeor understand*ng of the sk*Lls they want to teoch ch£Ldren such os
independence and deveLoplng fr£endsh£ps wtth thelr peers. The staff work weLL together
to ensure the smooth daiLy runnlng of the settlng Ofsted Énspected Graded Good 15th
September 2021.
Ma8ples Pre-school has been provldln8 Early years to the communlty slnce 1994. They
open 09.00-15.00 term tlme onlyj pnovldlng early years care and educatlon fon chlldren
from 2-5 years of age. Magples had access to a large 8arden space on the Eastern slde
of the buildlng> the chlldren at Ma8ples spend most of thelr day In the outside
envlronment.
The Ch£Ldren have a poslt*ve approach to Learn£ng and that the sett£ng know the
ch*Ldren ond their famÉLies well, th£s knowLedge £s used to provide new exper£ence5 for
the ch*Ldren. The settÉng pr*des £tseLf on mok£ng a dffference for chtLdren, famiLies.
ond the communzty. Ofsted £nspected Graded Good 16th September 2e22.
Magples Pre-school early years settlng5 has seen a decllne in 2022, thls &s a
reflectlon on the areas low birth rate and less parents requlrlng the 9.00am
3.00pm
term tlme slots. Both early years settlngs contlnue to support a hlgh number of
chlldren with SEND.
Due to the decllne In the number of children taklng up an Early year's place In Magples
pre-school. It was agreed by the board to merge Magples wlth Dinky Ducks from September
2023. The new larger setting Is named Dlnky Duck5 Nursery and pre-school. The Manager
and Magples practitioners were transferred over to Dinky Ducks. As Oaktree Family Group
s the employer of both settlngs Magple's team did not need to be TUPE over. ()f5ted and
Hampshlre servlces fop young chlldren
were
Informed.
accommodates 20 under 2s. 32
The larger 5ettlng now
2-year-olds and 64
3 and 4 year-olds. The number of
SEND chlldnen contlnues to increase.

OAKTREE FAMILY GROLP LTD
(Llmlted by Guarantee)
TRUSTEES. ANNUAL REPORT
Year ended 31 March 2024
Actlvities and achlevements In the year (contlnued)
The impact on all provlsions natlonally of the Governments 30 hour 'Free' chlldcare
funding rolled out in September 2017 Is contlnued to be felt by our early year's
settings. The hourly rate provided for all funded sesslons by HCC (the funding
authorlty) Is In line wlth the Early Years Natlonal Fundlng Formula. whlch falls short
of our normal hourly rate. A consumable charge was Introduced for parents to pay
agalnst all funded hours from Aprll 2019 to help rnltlgate losses. However, durin8 2022
and 2023 the consumable charge was put on hold due the hlgh rlse In the cost of Ilvlng)
parents were asked to donate Items for snack and resoupces Instead. The consumable
charge was relnstated In September 2023.
Oaktree Famlly Group has successfully provlded three staff tralning days,
Boogie mltes
muslc for early years practltloners and thelr famllles provldlng
the knowledge, resources and confldence to harness the braln boostlng fun of
actlve rnuslc
Supportlng and understandlng behavlour In young chlldren
Wellbelng and team bulldlng day
Staff also attended other tralnlng throughout the year includlng food hyglene,
paedlatrlc flrst ald, safeguardlngj wopkln8 wlth under 2s, blrth to four and SENDCO
tralnln8.
Oaktree famlly Group's chlldren and famlly actlvltle5 that run from Alver Valley Famlly
Centre are an Important part of the communlty. The focus remains to hlre the vacant
cornmunlty rooms, but the success of these groups. sustalnablllty Is down to successful
fundlng applicatlons and advertlsement for hlre. The followlng groups currently operate
from the Famlly Centre.
Jlggy wrlgglers
Baby massage
Mldwlfery servlce on an ad hoc basls
A Sensory room Is avallable for hlre through a booklng sy5tern
Fundlng opportunltles are always being Investlgated and our soc&al medla presence Is
beln8 successfully developed and our webslte Is updated on an ongoln8 basls.
Subsequent events and f uture developments
The challenge contlnues to remaln for the Oaktree Famlly Group Trustees and Management
to secure the long-term posltlon of the Alver Valley Famlly Centre by replacln8 the
fundlng lost from the HCC FSS.
For Oaktree Famlly Groups Early Years settlngs, Is contlnulng to develop and enhance
early years practice In Ilne wlth the Early Years Foundatlon Stage. Maklng sure the
settlngs currlculum remalns ambltlous for all chlldren.
The 2023 Sprlng Budget announced addltlonal fundlng for the exlstlng early years
entitlements for dlsadvanta8ed 2-year-old chlldren and 3 and 4-year-old children for
the 2023 to 2024 and 2024 to 2025 flnancial years. This Is on top of the pnevious
settlements for those years. Dinky Ducks and Llttle Barn Owls recelved thls extra
fundlng.
From Sept 2024 the funding wlll be Increased
Up to 15 hours for ellglble working
farnilies In England with a chlld between 9 and 23 months old.

OAKTREE FMILY GROUP LTD
(Limlted by Guarantee)
TRUSTEES? ANNUAL REPORT
Year ended 31 March 2024
Subsequent events and future developments (contlnued)
Frixn Sept 2025
Up to 30 hours for ellglble worklng famllles England wlth a chlld
from 9 months old up to school age.
The hourly rate for dlsadvantage 2-year-olds, worklng 2,3.4 year olds and the Early
Years Pupll premlum wlll also Increase In Aprll 2024.
The Natlonal Minlmum l•Jage and Natlonal Llving Wage contlnues to challenge the early
years sector. However, although cautiously) the Increased fundlng amounts from Aprll
2024 should begln to address the fundlng gaps that have prevlously been a huge concern.
Oaktree Famlly Group contlnues to recognlse the Importance of staff mental health and
wellbelng and In the past year have done all they can to support staff Includlng an
open-door pollcy wlth the head of Oaktree famlly group. wellbelng catch-ups tsrlth Ilne
Managers. pegularly supervlslon, tralnlng opportunltles, wellbelng days Includlng one
tralnln8 day dedlcated to wellbelng and a company mental health flrst alder In place.
SECTION 3 - FINANCIAL REVIE
The Trustees conslder that the state of the Company's affalrs Is satlsfactory and that,
on a fund-by-fund basls, the Charlty's assets are avallable and adequate to fulfll Its
obllgatlons.
The Company has pecelved dlrect grants totalllng £549.824 (2023: £435,669) and user
contrlbutlons of £401,439 (2023: £352,663) In the year for Its sepvlces.
Direct expendltures comprlse payroll of £701.343 (2023: £586.434) and other costs
totalllng £138, 926 (2023: £158, 563).
Reserves
The Charlty's pollcy Is to hold sufflclent unrestrlcted and restrlcted reserves equal
to 3 months operatlng costs to enable It to:
wlth5tand an unfopeseen flnanclal setback and provlde a mlnlmum of 3 months
operatlng costs,
provlde temporary flnanclal asslstance to project fund5 that are awaltlng fundlng
from other organlsatlons.
take advantage of any oppontunlty which the Board considers wlll beneflt the
Charlty and the communlty It serves.
b)
Several deslgnated funds have also been created to rlng-fence resources needed for the
malntenance and development of the Nurseryj Pre-schools and Famlly Centre.
SECTION 4
STRUCTURE, GOVERNANCE ANY) MANAGEMEwr
The artlcles of associatlon requlre that the Charlty be managed by a board of trustees
(the Board), the members of whlch are dlrectors and fflanaglng trustees respectlvely
withln the meanln8 of Companles Act 2006 and the Charltles Act 2011.
The Board meets approxlmately every ie weeks. Mlnor and routlne operational declslons
are made by the Charlty's managerial staff. Major operating deci51ons are made by the
majority of a quorate Board meeting. Constltutional matters are declded by a 75%
majority of the members in a General Meeting.
Electlon of trustees is decided by a slmple majority of the members General Meeting.
New trustees are Initially vetted by the Board. undergo DBS checks and EY2 checks with
IIFsted and, If considered sultable. recelve verbal and written instructions concerning
their statutory responslbilitles.

OAKTREE FAMILY GROUP LTD
(Limlted by Guarantee)
TRUSTEES. ANNUAL REPORT
Year ended 31 March 2024
SECTION 4 - STRUCTURE, GOVERNANCE AND MANAGEMEKf (contlnued)
Company law requires the Trustees to prepare flnanclal accounts for each financial
year. Under that law the Trustees have elected to prepare financial accounts in
accordance wlth United Klngdom Generally Accepted Accountlng Practlce (Unlted Kingdom
Accountlng Standards and appllcable law).
Under company law the Trustees wst not approve the flnanclal accounts unless they are
satisfled that they give a true and falr vlew of the sltuation of the Charlty and of
Its surplus on deflclt fop that year.
In preparlng those flnanclal accounts, the Trustees are requlred to:
select sultable accountlng pollcles and then apply therA conslstently*
make Judgements and estimates that are reasonable and prudent.
prepare the flnanclal accounts on the golng concern basls unless It Is
Inapproprlate to presume that the Charlty wlll contlnue In operatlon.
The Trustees are responslble for keeplng adequate accountln8 records that are
sufflclent to show wlth reasonable accuracy at any tlme the flnanclal posltlon of the
Charlty and enable them to ensure that the flnanclal accounts comply wlth the Companles
Act 2086. They are also responslble for safeguardlng the assets of the Charlty and
hence for taklng reasonable step5 for the preventlon and detectlon of fraud and other
rregularltles.
Powers
Oaktree Famlly Group Is permltted by Its memorandum of assoclatlon to engage In any
lawful activlty as shall further Its charltable obJect5. The Charlty may Invest funds
In any manner 5ubJect to the obtalnlng such advlce from a flnanclal expert as the Board
conslders necessary.
Tralnln
of trustees
All trustees appolnted to the Board are experlenced In charlty work, they also brlng
wealth of experlence from the own work. All trustees complete In house baslc EYFS
tralnlngj onllne Safeguardlng tralnlng and Prevent tralnlng. Regular tralnlng Is
provlded, Includlng formal 'away days,
enhance Trustees skllls and knowledge.
These are held when necessary to malntaln and
Mana
ement of rlsk
The Trustees are aware of thelr responsibllltles to effectlvely mltl8ate the major
rlsks to whlch the Charlty Is exposed and to ensure that its alms and objectlves are
not under threat. The buslness plan Identlfles key areas of human, flnanclal and
nformatlon resources and levels of servlce provlslon that are essentlal for the
Company to operate effectlvely as well as envlronrnental factors that could Influence op
threaten the Charlty. A contlnuous revlew process is In place to ensure that
slgnificant rlsks are Identlfled and that approprlate systems are In place to manage
those rlsks.
Gos
ort Borou
Councll
The buildlng is leased from Gosport Borough Councll for a peppercorn rent.
The Report of the Commlttee of Management has been prepared in accordance with
provlslons of Part 15 of the Companles Act 2006 relatlng to small companles.

OAKTREE FAMILY GROUP LTD
(Limited by Guarantee)
TRUSTEESJ ANMJAL REPORT
Year ended 31 March 2024
y order of the Board
Chalrman
A Parker
22 August 2024

INDEPENDEKf EXAMINER'S REPORT
TO THE TRUSTEES OF
OAKTREE FAMILY GROUP LTD
(Limlted by Guarantee)
REGISTERED CHARITY NUMBER: 1107592
I report to the chanlty trustees on my examlnatlon of the financlal account5 of the
Company for the year ended 31 March 2024 which are Set out on page5 11 to 26.
Re5pectlve respon5ibllltles of trustees and examiner
As the charity's trustees of the Company (who are also the dlrectors of the Company for
the purposes of company law) you are responslble for the preparatlon of the accounts in
accordance wlth the requlrements of the Companles Act 2006 (the 2006 Act).
Havlng satlsfled myself that the accounts of the Company are not requlred to be audlted
fop thls year under Part 16 of the 2006 Act and are ellglble fon Independent
examlnatlon, I report In respect of my examlnatlon of your charlty's accounts as
carrled out undep sectlon 145 of the Charltles Act 2011 (the 2011 Act). In carrylng out
my examlnatlon. I have followed the Dlrectlons glven by the Charlty Comisslon under
sectlon 145(5) (b) of the 2011 Act.
Independent examlner. s statement
The company's gross Income exceeded £25e,000 and I am quallfied to undertake the
examlnatlon by belng a quallfled member of the ICAEW. I have completed my examlnatlon.
I conflrm that no mater&al matters have c(xne to my attentlon that glves me cause to
belleve that:
account&n8 records were not kept In accordance wlth sectlon 386 of the 2e06 Act.
or,
the accounts do not accord wlth such records. or,
the accounts do not comply wlth the relevant accountlng requlrernents under
sectlon 396 of the 2006 Act other than any requlnement that the accounts glve
'true and falr, vlew whlch Is not a rnatter consldered as part of an Independent
examlnatlon. or.
the accounts have not been prepared accordance wlth the Charltles SORP (FRS
102). second edltlon October 2019.
I have no concerns and have come across no matters In connectlon wlth the examlnatlon
to whlch attentlon should be drawn In thls report In order to enable a proper
understandlng of the accounts to be reached.
Wood, Hlcks & Co.
Chartered Accountants
Unlts 1-2 i•Jarrlor Court,
9-11 Mumby Road.
Gosport
Hampshlre
D Clarke FCA
22 August 2024
P012 IBS
io

Company number: 05064277
OAKTREE FPMILY GROUP LTD
( Limited by Guarantee)
BALANCE SHEET
31 March 2024
Note
2023
FIXED ASSETS
Tanglble f Ixed assets
14, 417
16,255
CURRENT ASSETS
stock
Debtors
Cash at bank and In hand
544
34, 111
569. 156
1.158
48. 324
428. 742
603,811
478, 224
CURRENT LIABILITIES
Credltors: Amounts falllng due wlthln
one year
59,133
59. 433
NET CURRENT ASSETS
544,678
418, 791
TOTAL NET ASSETS
£559,095
£435, 046
THE FUNDS OF THE CHARITY:
ACCUMULATED FLIffjS
Unrestrlcted funds
Restrlcted funds
14,15
14,15
474, 108
84,987
384. 733
50.313
ACCUMULATED FiA4DS AT 31 MARCH 2024
£559,095
£435. 046
The dlnectors are satlsfled that the Company Is entltled to exemptlon from the
requlrement to obtaln an audlt under sectlon 477 of the Companles Act 2006.
Mernbers have not requlred the Company to obtaln an audlt In accordance wlth sectlon 476
of the Act.
The dlrectors acknowledge thelr responslblllties for complylng wlth the requlrements of
the Companles Act 2006 with respect to accountlng records and the preparat&on of
accounts.
The accounts have been prepared In accordance wlth the provlslon5 In Part 15 of the
Companaes Act 2006 appllcable to companles subject to the small companles reglme.
Approved by the Board of Trustees on
22 August 2024 and slgned on Its behalf
Chalrman
A Parker
The notes set out on pages 14 to 26 fom part of these financlal accounts.
li

z In L

OAKTREE FAMILY GROUP LTD
(Limited by Guarantee)
STATEMENT OF CASH FLOHS
Year ended 31 March 2024
2024
2023
Net movement In funds for the year (as per
5taternent of financlal actlvltles)
124. 049
48. 021
Cash floAs artslng from operatln8 actlvltles
AdJustrnents for:
Depreclation
(Increase) stock
{Increase)/decrease In debtors
Increase/(decrease) In credltors
4, 254
614
14, 213
(300)
5, 674
908
(2. 997)
(2, 685)
Net cash provlded byl(used In) operatlng actlvltle5
142, 83e
48, 921
Cash flows from Investlng actlvltles
Purchase of tanglble fixed a55ets
(2, 416>
(597)
Net cash provlded by Investlng a¢tlvltles
(2,416)
(597)
Change In cash and cash equlvalents durlng the year
Cash and cash equlvalents at beglnnlng of the year
Cash and cash equlvalent5 at the end of the year
140, 414
428, 742
48. 324
380, 418
569,156
428. 742
The notes set out on pages 14 to 26 form part of these financlal accounts.
13

OAKTREE FAMILY GROLP LTD
(Limited by Guarantee)
NOTES TO THE ACC(Lwrs
31 March 2024
NOTE I
LEGAL STATUS AND OBJECTIVES OF OAKTREE FAPIILY GROUP LTD
The Charity 15 a company Ilmlted by guarantee and not having a share capital. It Is
managed by a Board of Trustees. the members of which are directOf5 and charlty trustees
respectlvely within the meaning of the Cornpanles Act 2006 and the Charitles Act 2011.
The objectaves of the Company are to proTrKste the advancement of educatlon and soclal
development of young chlldren and relleve poverty and distress among thelr familles.
NOTE 2 - NATURE AND PURPOSE OF DESIGNATED ANT) RESTRICTED FUNDS
Desl nated
(a ) Bulldlng managernent
Funds set aslde for the long-term malntenance and development of the Alver Valley
Family Centre bulldlng.
(b) Occupancy
Funds relatln8 to room usage and utlllty expenses for Alver Valley Famlly Centre
bulldlng.
(c) Famlly sUPPOrt
Contrabutlons frcffj famllles retalned for addltlonal fundlng provlslon for famlly
servlces.
(d) Staff ratlonallsatlon
Funds set aslde for future staff ratlonallsatlon costs.
(e> Outaskool adventures
Funds set aslde for before/after school and holiday care provlslon.
(f ) Llttle Barn ¢)A15
Provlslon of a 48 week a year pre-school provislon for chlldren aged 2 to 5 years.
(g) Day care
Provlslon of flexlble day care facllltles to meet the needs of famllles In an
under-prlvlleged area.
Restrlcted
{h) Magpl¢s Pre-school
Provlslon of pre-school facllltles for chlldren aged 2 to 5 years,
(l) Early year educatlon fundlne
Funding for early years educatlon for the day care faclllty for all chlldpen
ncludlng targeted fundlng for two year olds.
(J) Llttle Barn QAIS early year educatlon fundlng
Fundlng for early years educatlon for the Llttle Bann (￿15 settlng for all
chlldren Includlng targeted fundlng for two year olds.
(k) Early year pupll premlum fundlng
Dlnky Ducks
Addltlonal fundlng for early years educatlon for the day care facility for
dlsadvantaged chlldren.
(l) Early year pupll preTrlum fundlng
Llttle Barn Owls
Additional funding for early years educatlon for the Llttle Barn Owls settlng for
dlsadvantaged chlldren.
(m) Early year pupll prernluffi fundlng
Magpies
Additlonal funding for early years education for the Magples settlng for
disadvantaged children.
(n) Meal grants
Funding to support vulnerable households that would meet the 'Free School Meals.
crlteria.
14

OAKTREE FAMILY GROLP LTD
( Llmited by Guarantee)
NOTES TO THE ACCOUNTS
31 March 2024
NOTE 2
NATURE APK) PURPOSE OF DESIGNATED AND RESTRICTED FUNDS (contlnued)
(o) County project fund
Funding to support settlngs where there are hlgh leve15 of speech and language
diff Iculties.
(p) Contaln Outbreak Managernent fund
Fundlng to support expendlture Incurred In relatlon to the mltlgatlon agalnst and
management of COVID-19.
(q) Llttle Barn QrtTls Connunlty Grant
Funding for the Llttle Barn Owls settlng to be spent on consumables to coven the
cost of not charging for consumables In the year.
(r) Dlnky Ducks Alver Valley Project
Fundlng to purchase resources for the research proJect to evaluate and develop the
settlngs practlce In communlcatlon and language
(s) Magples Alver Valley Project
Fundlng to purchase resources for the research ppoject to evaluate and develop the
settlngs pract&ce In communlcatlon and language.
NOTE 3
ACCOUNTING POLICIES
(a) Accountlng conventlon
The flnanclal accounts are ppepared under the hlstorlcal cost conventlon In
accordance wlth the:
provlslons of Flnanclal Reportlng Standapd 102 (FRS 102).
Companle5 Act 2006" and,
statement of Recommended Practlce appllcable to charltles preparln8 accounts
In accordance wlth FRS 102.
(b) Basls of preparatlon of accounts
The accounts of the Charlty Include all the assets and Ilabllltles under the
control of Its Board of Trustees. Grants and donatlons recelved for non-speclflc
purposes or general fundlng are ava&lable for utlllsation at the dlscretlon of the
Board.
Grants and donatlons recelved for speclflc charltable projects are tpeated as
restrlcted funds avallable only for use on such speclfled projects.
(c) Golng concern
The Charlty's flnanclal statement5 are prepared on the golng concern basis of
accountlng unless the Trustees Intend to cease operatlons or have no real&stlc
alternatlve but to do so. In assesslng whether the golng concern basls of
accountlng is approprlate.
the Trustees take Into account all avallable
nformatlon about the future. whlch Is at least. but not Ilmlted to, twelve months
from the date when the flnanclal accounts are authorlsed for Issue.
(d) Flxed assets and depreclatlon
Flxed a55ets acquired are capltallsed at cost and are depreclated at annual rates
to arrlve at thelr estlmated resldual value at the end of thelr useful economlc
Ilves, as follows:
Furniture and equlpment
Computer equlpment
25% reduclng balance
25% reducing balance
15

OAKTREE FPJIILY GROUP LTD
(Llmited by Guarantee)
NOTES TO THE ACCOUNTS
31 March 2824
NOTE 3 - ACCOUNTING POLICIES (contlnued)
(e) Stock
Stock of food and consumable materlals Is valued at the lower of cost and net
reallsable value.
(f ) Debtors
Debtors are stated at the amounts due to the Charity at the balance sheet date.
Prepayments
are
recorded for the
attrlbutable to the ensulng year.
proportlon of tlme-based
expendltures
(g) Cash and cash equlvalents
unts held in bank accounts and cash at the balance Sheet date. Thls Is held to
meet the day to day runnlng costs of the chanlty as they fall due.
(h) Credltors
Credltors are recognlsed as soon as an outflow of economlc beneflt Is consldered
more Ilkely than not to occur undep a legal or constructlve obllgatlon commlttlng
the Charlty to pay out nesources. Cnedltors that are current Ilabllltles are
recognlsed at the settlement amount expected to be pald at the balance sheet date.
(l) Taxatlon
The Company Is a reglstered charlty and, In the oplnlon of the Board. Is exempt
from corporatlon tax on Its surpluses on flnancial actlvltles In accordance wlth
S.486 of the Corporatlon Tax Act 2010.
(J) Grant Income recognltlon
A grant that becomes recelvable on the occurrence of a ceptain speclfled future
event is recognlsed In the flnancial accounts when the speclfied event has
occurred and all the grantor's requlrements assoclated wlth It have been complled
wlth.
(k) Penslon conmltments
The Charlty operates deflned contrlbutlon penslon arrangements for certaln staff.
These contrlbut&ons are charged a5 expendlture when they fall due and are Invested
separately from the Charlty's assets.
(l) Allocatlon and analysls of resources used
Central expendltures for charltable support and adminlstratlon are partly fflet
through core fundlng and partly from attrlbutlons to restrlcted funds for
centrally-borne support costs.
16

OAKTREE FJMILY GROUP LTD
(Llmlted by Guarantee)
NOTES TO THE AccouKrs
31 March 2024
Y)TE 4 - TANGIBLE FIXED ASSETS
Year ended 31 March 2024
Furniture
Computer
ui
Total
Cost
Balance at l Aprll 2023
Addltlons
Disposals
79, 280
2.416
34,855
114,135
2.416
Balance at 31 March 2024
81, 696
34,855
116, 551
Depreclatlon
Balance at l Aprll 2023
Charge for year
Disposals
67,787
3,063
30,093
1.191
97, 880
4. 254
Balance at 31 March 2024
70,850
31, 284
ie2, 134
Net book value
At 31 March 2024
£10.846
£3,571
£14, 417
At 31 March 2023
£11, 493
£4. 762
£16. 255
Year ended 31 March 2023
Furnlture
Cornputer
Total
Cost
Balance at l Aprll 2e22
Addltlons
Dlsposals
79,313
597
(630)
34,855
114, 168
597
(630)
Balance at 31 March 2023
79,280
34.855
114, 135
Depreclatlon
Balance at l Aprll 2e22
Charge for year
Dlsposals
64, 330
3,714
{257)
28,506
1,587
92,836
5,301
(257)
Balance at 31 March 2e23
67,787
30,e93
97. 880
Net book value
At 31 March 2023
£11.493
£4,762
£16, 255
At 31 March 2022
£14, 983
£ 6.349
£21, 332
NOTE 5
DEBTORS
Falllng due wlthln one year
2024
2823
Childcare fees recelvable
Prepayments
Accrued income
other debtors
27.403
5.793
39.171
8, 631
522
15
£34. 111
£48. 324
17

OAKTREE FAMILY GROUP LTD
(Limlted by Guarantee)
NOTES TO THE ACCOLPffS
31 March 2024
NOTE 6
CREDITORS: Amounts falling due withln
one year
2024
2023
Trade credltor5
Tax and soclal securlty
othen credltors
Accrued charges
Retalner recelved In advance
Childcare fees recelved In advance
5, 800
5,840
1,763
1,298
27, 132
17,300
6. 811
5. 718
1. 532
11,396
18,848
15. 128
£59,133
£59. 433
NOTE 7
INCCVIE FR(JY CHARITABLE ACTIVITIES
Ye
r ended 31 March 2024
24
Rest-
Unrest-
Icted
ota
Grants recelvable
Monetar
Early Year5 Educatlon grant
Early Years Pupll Prernlum fundlng
Chlldren care fundlng
Alver Valley ProJect
College grant
Meal grants
COMF grant
County Project Fund 22
Mllk contrlbutlons
LBO CoTrNunlty 8rant
509, 787
10,761
20,925
1.000
509, 787
18,761
20,925
1,000
2, 000
4,710
4.710
529
12
541
2, 529
547,295 549,824
Fees and other Inc¢)me
User fees
Occupancy Income
Photography
397,453
1. 609
746
3.986
401,439
1, 609
94
399, 808
4,080 403.888
£402, 337 £551. 375 £953, 712
18

OAKTREE FAMILY GR(KIP LTD
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
31 March 2024
NOTE 7
INC(hYE FRCM CHARITABLE ACTIVITIES ( continued)
2023
Rest-
rlcted
Year ended 31 March 2023
Unrest-
r£cted
Total
Grants recelvable
Monetar
Early Years Educatlon grant
Early Years Pupil Premlum fundlng
Chlldren In care funding
Alver Valley Project
College grant
Meal grants
COMF grant
County Project Fund 22
Mllk contrlbutlons
LBO CorNmunlty grant
400,158 400,158
10,085
10.085
19,7e8
19,708
500
500
2,932
2,932
740
71
1.000
740
546
1,000
475
975
434.694
435,669
Fees and other Income
User fees
Occupancy Income
Photography
342,797
1,716
491
9,866
352,663
1,716
814
323
345,004
10,189
355.193
£345,979
£444, 883 £790,862
)TE 8 - INCCME FRCrf OThER TRADING ACTIVITIES
2024
Rest-
Year ended 31 March 2024
Unrest-
ta
Income from other tradln
Fundraisin8
actlvltles
1.870
1,870
£ 1,870
£ 1,870
2023
Rest-
rlcted
Year ended 31 March 2e23
Unrest-
rlcted
Total
Income from other tradln
Fundralslng
actlvitles
370
370
370
370
19

OAKTREE FAMILY GR(XJP LTD
(Limited by Guarantee)
I￿TEs TO THE Accoupirs
31 March 2024
NOTE 9
EXPENDITURE ON CHARITABLE ACTIVITIES
2024
Rest-
rlcted
Year ended 31 March 2024
Unrest-
rlcted
Total
Pa
roll and related costs
ages, salaries and penslon
Trainlng
other efflployment costs
other dlrect costs
Wlnter meal vouchers
Consumable rnaterlals
Caterlng - food and other consumables
Premlses cleanlng and materlals
Water and sewerage
Nappy and waste dlsp05al costs
Llght and heat
Bulldlng repalrs and malntenance
Bulldlngs Insurance
Repalrs and renewals of equlpment
Depreclatlon of operatlnB equlpment
Room hlre and storage costs
other dlrect costs
263, 260
1,924
2,203
438,083
4, 742
4, 166
701. 343
6.666
6,369
4,200
6.934
172
2.831
1,514
3,368
6,648
8.442
395
202
1,374
9, 330
524
4,200
10,360
12.840
4. 580
2,594
7.178
11,059
14, 517
774
390
4,254
13,358
1.207
3.426
12.668
1,749
1,080
3, 810
4,411
6,075
379
188
2,880
4,028
683
Mana
ement and adminlstratlve costs
Telephone and postage
Prlntlng and statlonery
General Insurance
Membershlps and subscrlptlons
Advertlsln8 and promotlon
Computer consumables and IT support
Bad debts
Mlscellaneous expenses
Professlonal and flnance costs
Accountancy fees
Bank charge5
Professlonal and legal costs
Independent examlner. s f ee
2, 988
2,086
1, 783
482
62
1,145
349
5,169
3,058
4, 396
1,036
322
1,786
24
8,157
5, 144
6, 179
1,518
2.931
373
3,320
61
1,955
573
5. 666
180
1,014
1,125
8.986
241
2.969
1.698
£323, 568 £516.701
£840. 269
20

OAKTREE FAMILY GRCKIP LTD
(Llmlted by Guarantee)
NOTES TO THE ACCIXINTS
31 March 2024
NOTE 9
EXPENDITURE (XI CHARITABLE ACTIVITIES (continued )
2023
Rest-
rlcted
Year ended 31 March 2e23
Unrest-
rlcted
Total
Pa
roll and related costs
Wages. salarles and penslon
Tralnlng
Other enployment costs
other dlrect costs
Wlnter meal vouchers
Consumable materlals
Caterlng - food and other consumables
Prernlses cleanlng and materlals
14ater and sewerage
Nappy and waste dlsposal costs
Ilght and heat
Bulldlng repairs and malntenance
Bulldlngs Insurance
Repalrs and renewals of equlpment
Depreclatlon of operating equlpment
Room hlre and stora8e costs
other dlrect costs
164, 296 422,138
1, 577
5,591
1,763
2,869
586,434
7,168
4,632
3,440
15,871
384
2,881
2,214
3,332
9,468
17,528
812
132
1,696
11,396
42
4, 397
9,333
1,257
638
2,626
3,426
3,901
418
78
3.978
1.969
19
20,268
9,717
4. 138
2.852
5.958
12,894
21,429
1,230
210
5, 674
13,365
61
Mana
ement and admlnlstnatlve costs
Telephone and postage
Prlntlng and statlonery
General Insunance
Membershlps and subscrlptlons
Advertlslng and promotlon
Computer con5uThables and IT support
Bad debts
Mlscellaneous expenses
Professlonal and f Inance costs
Accountancy fees
Bank charges
Professional and legal costs
Independent examlner, s f ee
2,395
1,206
1,523
344
138
1.094
3,722
5,814
2,992
3,860
1.283
774
2.992
3.306
54
8,209
4,198
5,383
1,627
912
4.086
7.028
2, 355
53
3,122
596
5.769
173
506
1,456
8,124
226
3,628
2. 052
£216. 224 £528,773 £744,997
21

OAKTREE FAMILY GROUP LTD
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
31 March 2024
NOTE le - TRANSF ERS
The followlng transfers have been made between funds durlng the year:
The Staff ratlonalisation fund has been Increased by £13.363 durlng the year to
more accurately reflect the antlclpated costs assoclated with any future staff
ratlonalisatlon. Thls has been achleved by way of transfer of £8.314 from Day Care
fund, £3,751 f rom General fund and transfer of £1,298 from Llttle Barn Owls fund.
The General fund has been Increased by £12,500 by transfer from the Day Care fund
to cover the shortfall of the fund.
b)
The Occupancy fund has been Increased by £7,250 by transfer from the Day Care fund
to cover the shortfall of the fund.
NOTE 11
PAYROLL AND STAFFING
2024
2023
staff costs
Gross wages and salarles
Efflployer, s natlonal Insurance (net of employer. s allowance)
Penslon contrlbutlons
664,205
28,510
8,628
557. 799
21. 621
7, 014
£7ei, 343 £586. 434
The average number of staff employed durlng the year was 50 (2023: 44).
No employees recelved emoluments exceedln8 £60,000 p.a. (2023: £60,000).
NOTE 12
TRUSTEES, EMOLUMENTS AND EXPENSES
No Trustees or any persons connected wlth them have recelved remuneratlon or
relmbursement of expenses durlng the year.
NOTE 13 RELATED PARTY TRANSACTIONS
There were no transactlons wlth other charltle5 durlng the year that are consldered to
be related by reason of management Influence or by havlng at least one trustee In
conmnon.
22

OAKTREE FMILY GROUP LTD
(Limited by Guarantee)
NOTES TO THE ACCOihllTS
31 March 2024
NOTE 14 - MOVEMENT ON FUND5 IN THE YEAR
Balances
brought
forward
Direct
outgolng
resources
Transfers
between
f unds
Balances
carrled
forward
Year ended 31 March 2024
Incornin8
resources
Unrestrlcted
General fund
Deslgnated funds:
Bulldlng management
Occupancy
Family support
staff ratlonallsatlon
Outaskool adventures
Llttle Barn Ow15
Day care
464
1, 279
(10, 350)
8,749
142
98.142
189
(1,393)
(8,879)
96,749
126
1.566
7.250
80,661
263
25,014
180. 000
13.363
94, 024
124
33, 240
249, 703
(189)
(44,869)
(257,888)
54,393
355.655
<1, 298)
(28,064)
384.733
412,943
(323.568)
474, ie8
Restrlcted
Magples Pre-school
Early year educatlon
Llttle Barn Owls
Early Year Educatlon
Fundlng
Early Year Pupll
Premium funding
Dlnky Ducks
Early Year Pupll
Pnemium f undln8
Llttle Barn Owls
Early Year Pupll
Premlum f undlng
Magples
Meal grants
County project fund
Contaln Outbreak
Management fund
LBO Communlty fund
Dlnky Ducks Alver
Valley Project
Magples Alver
Valley ProJect
18.371
669
35,528
337,915
(50,508)
(320,545)
3. 391
18,839
23,850
161, 361
(135,873)
49, 338
2.042
7.770
{2,3e8)
7,5e4
1,314
1,961
(944)
2,331
2,002
(178)
833
1,030
4,710
(372)
(4,200)
(56)
2,660
332
877
410
1.000
(410)
(845)
155
(320)
(320)
20
50,313
551, 375
(516,701)
84,987
£435,046
£964, 318
£(840,269)
£559,095
23

OAKTREE FAMILY GROUP LTD
( Limlted by Guarantee)
NOTES TO THE ACC(WNTS
31 March 2e24
NOTE 14
MOVEMENT ON FUNDS IN THE YEAR (contlnued)
Balances
brought
forwand
Dlrect
outgolng
resources
Transfers
between
funds
Balances
carrled
forward
Year ended 31 March 2023
Incomlng
pesources
Unrestplcted
General fund
Deslgnated funds:
Bulldlng fflanagement
Occupancy
Faffllly support
staff ratlonallsatlon
Outaskool adventures
Llttle Barn Owls
Day care
5,096
(12.082)
7.445
464
ie0,000
1,024
211
78.070
601
4. 724
89.096
{1,858)
{9,416)
98,142
189
2,081
6,500
(211)
2.591
80,661
263
25.014
18e.000
{2)
36,726
309, 325
(336)
<26,162)
(166,370)
9,726
(52,051)
278, 822
348, 135
(216, 224)
(26,000)
384,733
Restrlcted
Ma8pies Pre-school
Early year educatlon
Llttle Barn Owls
Early Year Educatlon
Fundlng
Early Year Pupll
Premlum f undlng
Dlnky Ducks
Early Year Pupll
Premlum f undlng
Llttle Barn Owls
Early Year Pupll
Premlum fundlng
Magples
Meal grants
County project fund
Contaln Outbreak
Management f und
LBO Communlty f und
Dlnky Ducks Alve
Valley Project
Magples Alver
Valley Project
46,105
40.486
96.920
183, 199
(124,654)
(249,016)
18,371
669
26.000
19,373
150,007
(145,530)
23,850
549
4.356
(2,863)
2,042
339
2,359
(1,384)
1,314
435
330
176
3,370
2.932
(1.803)
(3.440)
(83)
2.002
(178)
833
410
410
1,000
1,000
108. 203
444. 883
(528,773)
26,000
50, 313
£387.025
£793.018
£{744,997)
£435.046
24

OAKTREE FAMILY GROUP LTD
{Limlted by Guarantee)
NOTES TO THE ACCOUNTS
31 March 2024
NOTE 15 ANALYSIS OF NET ASSETS BETWEEN FLIJDS
Year ended 31 March 2024
Flxed Net current
assets
assets
Net
assets
Unrestricted
General fund
Deslgnated funds:
Bullding management
Occupancy
Famlly support
staff rationallsatlon
Outaskool adventures
Llttle Barn
Day Care
643
(501)
142
4.180
153
92, 569
(27)
96.749
126
94, 024
124
32,757
245, 854
94.024
124
33.24e
249. 703
3.849
9.308
464, 800
474, 108
Restrlcted
Magples Pre-school
Early year educatlon
Llttle Barn ￿1$ Early Year Educatlon Fundlng
Early Year Pup&l Premlum fundlng
Dlnky Ducks
Early Year Pupil Premlum fundlng
Llttle Barn Owls
Early Year Pupal Premium funding
Magples
Meal grants
County project fund
Contain Outbreak Management f und
LBO Communlty Grant
Dlnky Ducks Alver Valley Project
Magples Alver Valley Project
944
3.072
1,093
2,447
14,967
48, 245
7,504
2.331
2,660
332
877
3,391
18,039
49.338
7.504
2, 331
2, 660
332
877
155
155
20
5,109
79,878
84,987
ACCiIMULATED FL14DS AT 31 MRCH 2024
£ 14.417
£554,678
£559,095

OAKTREE FAMILY GROUP LTD
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
31 march 2024
NOTE 15 - ANALY515 OF NET ASSETS BETWEEN FUNDS (continued)
Year ended 31 March 2023
Flxed Met current
assets
assets
Net
assets
Unrestrlcted
General fund
Deslgnated funds:
Bulldlng management
Occupancy
Famlly support
staff ratlonallsatlon
Outaskool adventure5
Llttle Barn Owls
Day Care
854
(390)
464
5,573
147
92,569
42
98,142
189
80,661
263
24.377
176,013
80,661
263
25.014
180,000
637
3,987
11,198
373,535
384, 733
Restrlcted
Magples Pre-school
Early year educatlon
Llttle Barn Owls Early Year Education Funding
Early Year Pupll Premlum fundlng
Dlnky Ducks
Early Year Pupll Premlum fundlng
Llttle Barn Owls
Early Year Pupll Premlum fundlng - Magples
eal grants
County project fund
Contaln Outbreak Management fund
LBO Communlty Grant
Dlnky Ducks Alver Valley Project
Magple5 Alver Valley Project
1,258
2.352
1,447
17,113
(1,683)
22,4e3
2.042
1,314
2,ee2
(178)
833
410
1.00e
18, 371
669
23.850
2.042
1,314
2,002
(178)
833
41e
1.000
5,057
45,256
50.313
ACCUMULATED FUNDS AT 31 MRCH 2023
£ 16, 255
£418, 791
£435,e46
26

Wood, Hlck8 & Co.
lJnit8 1-2, Warrior Court
9-11 MuTnby Road
Go8port,
Hampahire
P012 IBS
22 August 2024
Dear Slrs
We confirn to the best of our knowledge and belief. and havlng made apprcprlate enqulrle8
of other trustees, management and staff of Oaktree Famlly Group Ltd (the Companyl the
followlng representatlonB given to you In corjneetlon wlth your independent examlnatlon of
the Company's financial accounts as at and for the year ended 31 March 2024.
111 We acknowledge as offl¢er8 our re8pon8lb&llty under the Companle8 Act 2006 tor
preparlng tlnanclal account8, whlch glve a true and falr vlew of the financlal
PO8ltlon of the Cornpany& of ItB operatlon8 for the year then ended, and for making
accura¢e repre8entation8 f or you.
121 All aceountlng record8 and relevant InfonNation have been made avallable to you tor
the purpose ot your Independent examlnatlon and all transactlon8 undertaken by the
Cornpany have been properly reflected the accountlng reeord6 cr other InfoThation
provlded to you. All other recordB and related Information includlng mlnutes of all
management and general meeting8 have been made for you.
We aeknowledge our responslblllty for the deslgn and Implernentatlon of Internal
Controls to prevent and detect error and fraud. We conflrrn the flnanclal Btatement8
are free of Tftaterlal mi3Btatement8 identified durlng the audlt and Lmmaterial both
ndlvldually and In aggregate to the flnaneial 8tatemeneB as a whole.
There have been no irregularltles or allegatlon8 thereof Involving management or
employees who have a 81gnlficant role In Internal contrcl or that could have a
materlal effect on the f inaneial 8tatementB.
131
141
151
We confirm that we are not aware of any POBBlble cr actual anstance of non-
ec￿p11ance with thoBe laws and regulatlons which provide a legal framework wlthln
which the company conducts busine68. The Company hae complled wlth all a8pects
of contractual agreements that could have a materlal effect on the flnancial
8tatement8 the event of non-compllance.
We have no plan8 or intentlons that May materially alter the carrylng value and
where relevant the
fair
value
mea8urement8
or
clagglfication of
aB8et8 and
liabllltles ref lected In the f inancial 8tatementB.
161
171
We conflnTh that we have d18clo8ed to you all related party tranoaetlon8 ralevant to
the company and that we are not aware of further related party matters that requlre
dl8clo8ure other than those disc108ed In the accounc8.
continued

181
Irte confirm that havlng considered our expectatlonB and Intentions for the next
twelve month8 and the avallability of working capital, the Company a going
concern.
191 The Cornpany has satl8factory tltle to all a88et8 and there are no Ilen$ or
encult￿rances on the as8et8 except for Lh08e di8c108ed in the account8.
1101 There are no liabllltles, contlngent IlabllltleB or guarantees to thlrd partleB
other than those disclosed In the accounts.
{11) There have been no event8 Blnce the balance sheet date that require dI8cIo8ure or
whlch would materially affect the amounts In che account8, Other than thoBe already
dI8cIo8ed or Included in the account8.
1121 The Cotroany has at no tlme durlng the year entered Into any arrangement.
ttansaetl¢)n or agreement to provlde credlt facllltle8 Ilncludlng loan8, quaBI loans
ot eredlt transactlonsl for elected offlcers nor to guarantee or provlde Securlty
for ouch matter8, except a8 dl8clo3ed the account8.
113) We acknowledge that you have inforned us that you wlll be oubject to current and
future regulatlons regardlng Troney laundeting and oimilar activities.
1131 Adequate dl8cIooure ha8 been made of funds reeelved from grantors the u8ea of whlch
have been re8trlcted tc purposes deslgnated by the grantor. Expendlture8 dlrectly
Incurred on the varlou8 aetivltle8 of the Company have been charged to the
approprlate fund8. Any allccation8 of general fund8 degignated for u8e on a
re8trlcted actlvlty have been pr¢)perly recorded In the mlnute8 Ot the Board of
Tru8tee$.
1141 We acknowledge that you have limlted your enquiries Into the Company'8 accounts to
th08e matters whlch you are requlred to addreos In accordance with:
the Charltles Act 2011 and the Statement of Recommended Practlce appll¢able to
charltl88.
1111 the General Dlrectlon8 of the Charlty CO￿￿n￿O8￿0n In carryLng ¢)ut an
Independent examlnatlon; and,
lilll your letter of engagement to us.
We under8tand that your procedures have not eonstltuted an audit and, a8 such, you
give no a88urance that the aeeount8 as a whole give a true and falr view of the
State of affalr8 or results of operations.
Yo
faithfully
Senlor Company
AdL￿nistratOr
. Chalrman
A Parker
J Torrl
ton