Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 01 12 2019 To 30 11 2020
Section A Reference and administration details
Charity name OAKDALE HOUSE TRUST Other names charity is known by Registered charity number (if any) 1112162 Charity's principal address Oakdale House Trust 233a Dunstable Road Luton Postcode LU4 8BN
OAKDALE HOUSE TRUST
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Rashid Nazar | Chair | |||
| Saghir Hussain | Treasurer | |||
| Kamran Khan | Secretary | |||
| Haseeb Akhtar | Youth Rep | |||
| Zahier Nazar | ||||
| Sofia Arif | Ladies Rep | |||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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March 2012
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Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document (eg. trust deed, constitution) How the charity is constituted
Trust Deed
Trust
- (eg. trust, association, company)
Elected by members Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
To promote for the benefit of the inhabitants of Luton and its immediate neighbourhood the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the objects of improving condition of life for the said inhabitants
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March 2012
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Pink Gym (ladies only health and wellbeing services) is doing really well. We are reaching out to the disadvantaged women in the community and meeting their needs of providing culturally appropriate health and wellbeing services. Feedback has been very good from service users. Unfortunately, due to Covid, we were forced to close the gym during various periods throughout the year. This has disrupted the regular flow of memberships and even support from volunteers has been reduced.
Summary of the main Many of these women have developed into leaders themselves and have activities undertaken for the started volunteering with us or with other local community projects. public benefit in relation to these objects (include within We have also continued to support local initiatives and worked on a few this section the statutory projects with some local voluntary groups including Inspire FM. declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
All grants and donations made are always immediately restricted funds and used for their specific intended purpose.
You may choose to include further statements, where relevant, about:
Oakdale House Trust relies heavily on the work carried out by it’s dedicated volunteers, without which we would not be anywhere near as successful.
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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March 2012
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Section D Achievements and erformance p
Summary of the main achievements of the charity during the year
Pink Gym (ladies only health and wellbeing services) is doing really well. We are reaching out to the disadvantaged women in the community and meeting their needs of providing culturally appropriate health and wellbeing services. Feedback has been very good from service users. Unfortunately, due to Covid, we were forced to close the gym during various periods throughout the year. This has disrupted the regular flow of memberships and even support from volunteers has been reduced. Many of these women have developed into leaders themselves and have started volunteering with us or with other local community projects. We have also continued to support local initiatives and worked on a few projects with some local voluntary groups including Inspire FM.
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March 2012
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Section E Financial review
Brief statement of the charity’s policy on reserves
Oakdale House Trust has restricted reserves for future project expansion and some unrestricted reserves as a security for unexpected expenses.
Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Rashid Nazar Position (eg Secretary, Chair, Chair etc) Date 16/09/2021
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March 2012
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Oakdale House Trust
Statement of Financial Activities For The Year Ended 30 November 2020
| Note Incoming Resources: Gym Membership Grants and donations (inc fundraising) Rental income Product and services sales Profit on disposal of assets 7 Compensation for lost revenue 7 Total Incoming Resources Application of Resources: Gym Costs 5 Depreciation of rental property Administration Costs Total Outgoing Resources Net movement in Resources Total Movement in Funds |
2020 General Restricted £ £ 7,487 54,148 16,281 23,768 54,148 (60,846) (2,604) (4,468) (120) (60,966) (7,072) (37,198) 47,076 (37,198) 47,076 |
2019 General Restricted £ £ 30,888 30,463 23,723 8,000 62,611 30,463 (90,847) (6,866) (4,468) (120) (90,967) (11,334) (28,356) 19,129 (28,356) 19,129 |
|---|---|---|
| Statement of Movement in Funds Total Funds b/f Movement during the year (see above) Total Funds c/f |
22,110 113,157 (37,198) 47,076 (15,088) 160,233 |
50,466 94,028 (28,356) 19,129 22,110 113,157 |
| The notes on pages 3 and 4 form part of | these accounts |
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Oakdale House Trust Balance Sheet as at 30 November 2020
| Note 2020 £ Fixed Assets 3 Gym Equipment 10,414 Freehold Property 210,002 220,416 Current Assets Cash at bank and in hand 94,879 Prepayments - 94,879 Current liabilities Creditors and accruals 7 (55,171) Net current assets 39,708 Total assets less current liabilities 260,124 Long term liabilities Loans 6 (114,979) Net assets 145,145 Represented by: Restricted funds Equipment fund (Restricted) 4 160,233 Total restricted funds 160,233 General Funds c/f (15,088) Total Funds 145,145 Approved by ______ Signed ________ Date____________ The notes on page 3 and 4 form part of these accounts |
2019 £ 13,018 214,470 227,488 66,309 9,000 75,309 (52,551) 22,758 250,246 (114,979) 135,267 113,157 113,157 22,110 135,267 |
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Oakdale House Trust
Notes to the accounts for the year ended 30 November 2020
1) Accounting policies
The accounts have been prepared using generally accepted accounting principals in the United Kingdom. The accounts have been prepared on a going concern basis on the assumption that the Trust will continue to operate. Accruals accounting has been applied to all material items.
Depreciation is provided against equipment at the rate of 20% of the undepreciated cost at the end of the year. Freehold property is depreciated at the rate of 2% pa from 2018, when it was first brought into use.
2) Description of funds
Donations and grants received are immediately treated as restricted funds.
3) Fixed Assets
| Cost As at 1 December 2019 As at 30 November 2020 Depreciation As at 1 December 2019 Charged during the period As at 30 November 2020 Net book value As at 1 December 2019 As at 30 November 2020 |
Gym equipment £ 34,328 34,328 21,310 2,604 23,914 13,018 10,414 |
Freehold Property £ 223,406 223,406 8,936 4,468 13,404 214,470 210,002 |
|---|---|---|
4) Capital account - Equipment fund (Restricted funds)
| As at 1 December Received during the year Depreciation As at 30 November |
2020 2019 113,157 94,028 54,148 30,463 (7,072) (11,334) 160,233 113,157 |
|---|---|
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Oakdale House Trust
Notes to the accounts for the year ended 30 November 2020
5) Gym costs
Gym costs consist of:
| Utilities Depreciation of equipment Maintenance Rent and rates* Insurance Telephone Volunteer, staff, and instructor costs Supplements, drinks and products Legal fees Other expenses |
2020 2019 £ £ 8,777 9,196 2,604 6,866 170 12,662 24,042 22,826 2,500 2,516 690 689 23,552 29,441 267 4,130 848 821 - 8,566 63,450 97,713 |
|---|---|
*Depreciation of equipment is taken from the capital account
** During 2018 rent of £9,000 was paid to Rashid Nazar, a trustee, under the terms of a commercial lease, dated 7 January 2016.
6) Loans
During the year to 30 November 2008 the trust purchased a freehold property at 7 Cardiff Road for £216,810, including solicitors fees of £810. The purchase was partly funded by a series of unsecured loans from the trustees and members of the Gym. The loans total £164,979 and are interest free. £50,000 was repaid, during the 2018.
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Oakdale House Trust Examiner's Report
I have examined the accounts of the Oakdale Trust on pages 1 to 4. They have been properly prepared in accordance with accruals accounting rules. The accounts give a fair representation of the activities of the trust for the year ended 30 November 2020.
M Georgiou FCCA
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