Overseas Aid for the Kids of Sierra LeoDe (OAKS) Report and FlnYdDeial Statements Year ended 31 December 2025 Charity Number: 1107800 Ron Welsh & Co Chartered Accountants Chesbire
Oversea5 Aid for the Kids of Sierra Lkone (OAKS) Report and Financial Statements Year ended 31 December 2025 Contents Contents Legal a[ thdministiativc information RekX)rt of the Trustees Independent examiners rert Statement of financial octivities Balance sheet Notes
Overseas Aid for the Kids of Sierra Ikone (OAKS) Report and Financial Statements Year ended 31 December 2025 Page I Legal and administrative information sthtuj Th¢ organisation is a charity. ori8inally fornied on 27th FebDAry 23 and gIsled as a clwity on 26th January 2005. The charity was ¢&blished uler a Irusi deed on 10th Septemb¢r 2004. as amended by suppl¢mental dttd dated 22nd tk¢¢mber 2004. The charity operates utxler the working Twne of Y)AKS". Registered as a charity 26th Janw 2005 Charity number 11078CKI TrUeeS Mrs Sue Reid Mr David Bladen Mr Nic Phipps Operation addrS Simunye Church tAne Ne5ton Cheshire CH64 9US Bank¢TS Virgin Money 177 Bothwell StTe& G1&5gow G2 7ER
Overseas Aid for the Kids of Sierra l*one (OAKS) Report and Finaneial St2tements Year ended 31 December 2025 Page 2 Report of the Trusttts for the year ended 31st Dtt¢mber 2025 The Trustees present their report arnl the finAnciAI slat¢m¢nts for the year etjloj 31 December 2025. Constitution and objects OAKS is constituted under a trwt deed daled 10th Setrtember 2(K14. &8 arneIed by a supplemental deed dated 22nd December 2(N)4 and is a re8islered charity (No: I1078)). The principal object of the charity is to relieve poverty. nee4 h2TdSJll sickness and distress among children in Bo, Sierrd Imne and neighbourin8 villeS. Oryxnijation The Trustees of the charity wknm have servgj duriJ)g the year aTe se¢ out on page l. Grnn¢ makln8 poll The Tfttees meet on a regular b&8is to cAJnsider and review the progress of the school gnd deLide spending priorities. Fln4m¢l41 R¢vlew The Trust ar¢ pleased with the conlinuing pufonnance of the dwrity as set out in the financial slalements. Ruervu Policy The charity h&s a policy of maintaining financial reserves sufficient to cover gnticipated expenditure for a four month period. The Trustees recognise the ditTiculties involved for a small charity to maintsin a steady stream of income to maintain theTr reseTves Wplicy. As such the TnLStees seek to operate regular finthising events to maintain a sleady and regular incom¢ str¢am. Risk Revie The TrUeeS have examineAI the major risks that the charity faces and h&$ taken 5tep5 to minimise those TiSk8.
Overseas Aid for the Kids of Sierra Ikone (OAKS) Report and Financial Statements Year ended 31 December 2025 Page 3 Report of the for the yeor ¢nd¢d 3131 Deeember 2025: Continued. Trustees responsibilitiu in relation to th¢ fthaH¢l*l ststemethts Law applicable to chartties in England aThl Wales require the trusttts to prepare financial ststements for each financial year which give a twe and fair view of the charity's activities during the year and of its financial pc6ition at the end of the year. In prep those finarKial stat¢ment& the trustees are required to: seled suitsblc acwunting policies and apply them CODSiStently• make JI8¢M¢nts and estimates that are Te&8onable and prudenl and state whether 2pplicabl¢ a¢¢ounting stsndards and ststements of recommended practice have been followed subjwt lo any departures disc105ed and explained in the financial ststements. and prepare the firrancial statefflents on the going concern blsis unless it is lpP)prith to assume that the charity will continue on that basis. The trustees are SpOnsIble for mainthining proper ac¢ounting records which disclose with reasonable accuracy at any time the financial position of the charity aTrJ to ¢nable them lo ¢rsur¢ that the financial ststements comply with the Chariiies Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud aThl other iTregulariti&s. Approved by the trlee& and sId on their behalf Mr David Bladen I lth June 2026.
Overseas Aid for the Kids of Sierra Lone (OAKS) Report and Financial Statements Year ended 31 December 2025 Page 4 llldependent Examiners Report to the Trnstees of Overseay Aid for the Kids of Sierra IRone (OAKS) I report on the financial statements of the charity for the year ended 31st December 2025. which set out on pages 5 to 9. Re8peetive responslbilities of trusteu nd euminer The charity's trustees are resw)nsible for the preparation of the fina181 stathients. The charity's trustees consider that an audit is not required for this year (under section 43(2) olthe Charities Act 1993 (the 1993 Act) and that an indepenlenl examination is needcd. It is my responsibility to: examine the financial statcments (under section 43 of the Act). and to follow the procedures laid down in the general directio1 given by the Charity Commission (under s¢¢tion 43(7Xb) of th¢ Act)" and to state whether particular matters have come to my attention B8ig of ind¢penden¢ ¢Amin¢rs report My examination was carried out in accordance with the general directio given by the Charity Commission. An examination includes a review of the accounting recotth kept by the charity and comparison of the acwunts presenied with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as ITUStees concerning any such matters. The procedurcs utJJertaken do not pn)vide all the evidence that wovld be required in an audiL and consequently I do exp8 an audit opinion on the vlew given by the financial sM¢ments. Indi'peDdeDt examlDers statement In the course of tny examinatio no matter h&5 C4)me to my ait¢ntion whith gives me re850n8ble ¢ause lo believe that in any material respea the requirnents. to keep accounting records in xcordance with tIOn 41 of the ACL and to ptrpare financial Matements which accord wth th¢ accounting ffcord% aTrJ comply with the accounting requir¢ments of the 1993 A¢ have not b¢¢n met. or to which, in my Opinio attention $IUld ix drawn in order to enable a proper understanding of the fman¢ial s¢at¢ments to be m¢he41 ROD Welsh Chartered Ae¢ount*nt I lth June 2026.
Overseas Aid for the Kids of Sierra Leone (OAKS) Statement of FiDaDcial A¢tivili¢s Year ended 31 December 2025 Page 5 Totsl Funds 2025 Totsl Funds 2024 Unrestricted Rtstrieted Funds Funds No¢¢s In¢omiDg relourees Activities to further the charitys objective5 Donations receivable 110.636 110.636 95.293 Total In¢omin% re8oure¢s 110.636 110.636 95.293 Reaourees expended Direct charitablc expendilure rundraising ¢xp¢ndirur¢ Managemenl and administration 39.813 10. 39,813 10, 36J91 ,554 647 193 193 Totsl resources expended 50,910 50,910 45,592 N¢t Ineomln% resources Net Incomlng for ihe yer 59.726 59,726 49,701 Net movement In funds 59.726 59,726 49,701 Totsl funds t l Janu•ry 2025 io 340.706 340.706 291.005 Total flld5 at 31 December 2025 Movements in fimd are 51vM in I I to the financial statements.
Overseas Aid for the Kids of Sierra Ine (OAKS) Balance she¢t As at 31 December 2025 Page 6 2025 21)23 ots Fixed a&qeti Tangible &ssets 363.(K15 312.455 Current •wts Debtors C&sh at bank and in hand 37,427 37,427 28,251 28251 Credilorn.. amounts falling due within (x)¢ year Nct ¢urreDt #syets Total assets Icss cNrreMt li*billtles 37.427 4.432 28,251 340.706 Creditorq.. amounts frdlling due after more than one year Unre8trleted funds General fund Designatcd fund 4,432 340.706 4,432 340,706 Restricted furbds Total funds 10 Signed on behalf of th¢ trLL4tets' Mr N Phipps TnL8tee I Ith June 2026
Overseas Aid for the Kids of Sierra knne (OAKS) Notes to the financial slatements Year ended 31 December 2025 Pagc 7 l ACCOtIng policies Basis of ccounlbng Tl)¢ financial sthtrments have been prepared under the historical ccAst convention and in aceord8nee with the Financial Reporting Stsndard for Smaller Entities (effective April 28 and follow the r¢¢ommendations in the Charities SORP. Grants are credited as income in the year in which they are receivoble. Grants 4r¢ not re¢ognised as receivable until any conditions for receipt have been ¢omplied with. Wh¢r¢ donor imp)s¢d restrictions apply to the timing of the related expenditure as a pre condition of its LLqe the grant is tre4ted as deferred income until th0 restrictions are met. Grants received for specific pur[ are aeeounted for $ re5trict¢d fiu¥Js. Resources eXpeted ar¢ allocated io the particular a¢tivity where the c(xst relates directly to that activity. Unrestricted funds are donations and other itKomin8 resources r¢¢eivable or generdted for the objects of the charity without further specified purpose and are avattsblt &% gewa] fimds. rJe51a1ed funds are unrestricted funds eannarked by the management committee for porti¢ular purposes. Kestricted fuTrAs are to be used for specific puryM)s¢s as laid down by the donor. FPenditUre which meets (hcse criteria is charged to th¢ fund. together with a fair allatiOn of management and supF costs. Administration expenditure includ&8 all ex)dItUre diredy r¢la*d to ch4rifable activities. 2 In¢omln8 ruources from a¢dvltl¢s to furth¢r ¢h¢ ¢h•rlty's obJ¢¢ts 2025 Total 2024 Total UDrestrlcted Restrlcted Donations includittg funds raised in Sierra L1 110636 110636 3 Totsl ruourees expended Dire¢1 Management Charitsble Expendibjre Administration 2025 Totsl 2024 Totsl ScFKK>I Tunning cosls Schix)I maintenance and repair Medical fees and child suppport Transport and trnvelling c(Asls Printin¥ postagc and stationery and sundry othe Tel¢phon¢ intcrn¢t & computer maintenance Sub-iolal Fundratsing event costs 29.073 1.497 5.125 3.506 612 29,073 1,497 5.125 3.506 26.404 6,212 1,740 2,035 307 340 37.038 8,554 193 39.813 193 10.gm 40,006 10.904
(hTerseas Aid for the Kids of Sierra Leolle (OAKS) Notes to the financial statements, continued.- Year ended 31 December 2025 Page 8 4 Net jD¢oming resources for the ye4r 2025 Tot*1 2024 Totsl This is stated after charging" Depreciation OperaÈin8 lew rentsls S Stgff eosts and numb¢rs Staff ¢osts wer¢ as follow3" 2025 21124 SarLes and wages Social security costs Other rKnsion costs 29.073 26,404 No expenses re paid to the tr$teeS in the yeaT. The average weekly number of employees during the year, calculated the basis of full time equivalents was as follow3: 2025 2024 Teaching staff Nurse Janitor Administrdlion 14 14 21 21 6 Taxatio The charity is exempt from t&x on its charitable activitiu.
Overseas Aid for the Kids of Sierra Leone (OAKS) Notes to tb¢ financial statemell continued.-. Year ended 31 December 2025 Page 9 7 T8ngible rued assets Land and Buildings Total Cost l January 2025 Additions 31 December 2025 312,455 50,550 363.005 312,455 50.550 363.005 Depreciation l January 2025 Charge for the year 31 December 2025 Net book value 31 December 2025 363 005 l January 2025 312455 312455 8 Credltors: amoun¢s falllng dut Ivlthln one year 2025 2024 Trade CTeditors Taxation and soci41 security 9 Analysis of net assets betweett funds General Designated Funds Restricted Funds Tangible fixed assets Net current accounts 363,IX15 37,427 4.432 10 Moven*nts In At l January Incomi 2025 Resources Outgoing 31 December Resources 2025 Unrestrieted knnds Designated fund General fund Total funds 340,706 110.636 110636 50.910 400.432 I l Related party traDsactiODS The administration of the ¢harity is perform by the trle on a voluntary b1$.