## **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**
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4
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7
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9
10
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12
13
14
15
16
17
18
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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|||
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## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
**TAR**
March **2012**
1
## **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:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- 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
**TAR**
March **2012**
2
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.
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
**TAR**
March **2012**
3
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.
**TAR**
March **2012**
4
## **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:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- 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
**TAR**
March **2012**
5
## **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||
1
## **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|
|---|---|
2
## **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|
|---|---|
3
## **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.
4
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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
5