## **Trustees' Annual Report for the period**
Period start date Period end date Day Month Year Day Month Year **From** 01 12 2021 **To** 30 11 2022
## 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)**|
|---|---|---|---|---|
||Zahier Nazar|Chair|||
||Saghir Hussain||||
||Kamran Khan||||
||Haseeb Akhtar|Youth Rep|||
||Rashid Nazar|Secretary/Treasurer|||
||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**
**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
We have continued to support local initiatives and worked on a few projects with some local voluntary groups including Inspire FM and Shires Karate Association.
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
Our new café project, underneath our premises, is going well. It is run primarily by volunteers and some staff. We were selling hot/cold drinks with cakes/snacks but now we are offering a wider menu with breakfast too. We have been able to keep our prices low as our costs are relatively low. The project is self-sufficient and costs are covered with the sales and kitchen bookings. This café project allows social interaction and a place to gather for local disadvantaged communities. It’s an especially great place for local single men / women to come and meet other people. It is also helping people living in isolation by encouraging them to come out more.
Our Healthy Fruit & Vegetable project started back again and this project is outsourced to a local greengrocer who sources products from the market and sells for us to cover the cost. We are very pleased that this project is also self-sufficient and costs are covered through this arrangement.
This project allows us to encourage and offer healthy products at very low prices with a whole bowl of fruit/vegetables selling at £1 each.
Due to the rise of living costs, we have now started a new project called ‘Charity In Actions’, where we encourage people to donate their clothes and unwanted small household items which we then sell to the local community at a very low price of 50p or £1 per item.
These funds help towards the expense of running this project but we have also identified some local disadvantaged individuals and families who we support by providing free clothes and household items.
## **Additional details of objectives and activities (Optional information)**
**TAR**
March **2012**
3
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.
## Section D Achievements and erformance p
**TAR**
March **2012**
4
Section D Achievements and erformance p
**Summary of the main** Re-starting Healthy Fruit & Vegetable and Café Projects **achievements of the charity during the year** Starting new Charity In Actions project – providing cheap affordable used / recycled clothes to the local community as well as giving household items and clothing free to local disadvantaged families who can’t afford it.
**TAR**
March **2012**
5
## **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,** Secretary **etc) Date** 05/09/2023
**TAR**
March **2012**
6
## **Oakdale House Trust**
## **Statement of Financial Activities For The Year Ended 30 November 2022**
|Note
_Incoming Resources:_
Gym Membership
Grants and donations (inc fundraising)
Rental income
Product and services sales
Other income
Equipment purchased
**Total Incoming Resources**
_Application of Resources:_
Costs
5
Depreciation of rental property
Administration Costs
**Total Outgoing Resources**
**Net movement in Resources**
**Total Movement in Funds**|**2022**
General
Restricted
£
£
5,007
26,130
26,556
8,062
(2,395)
2,395
58,353
7,402
(61,052)
(2,145)
(4,468)
(120)
(61,172)
(6,613)
(2,819)
789
(2,819)
789|**2021**
General
Restricted
£
£
12,236
56,708
30,946
5,716
48,898
56,708
(56,196)
(2,083)
(4,468)
(120)
(56,316)
(6,551)
(7,418)
50,157
(7,418)
50,157|
|---|---|---|
|**Statement of Movement in Funds**
Total Funds b/f
Movement during the year (see above)
**Total Funds c/f**|(22,506)
210,390
(2,819)
789
(25,325)
211,179|(15,088)
160,233
(7,418)
50,157
(22,506)
210,390|
The notes on pages 3 and 4 form part of these accounts
1
## **Oakdale House Trust Balance Sheet as at 30 November 2022**
|Note
**2022**
£
**Fixed Assets**
3
Gym and other equipment
8,581
Freehold Property
201,066
209,647
**Current Assets**
Cash at bank and in hand
146,597
146,597
**Current liabilities**
Creditors and accruals
7
(55,411)
**Net current assets**
91,186
**Total assets less current liabilities**
300,833
**Long term liabilities**
Loans
6
(114,979)
**Net assets**
185,854
_Represented by:_
**Restricted funds**
Equipment fund (Restricted)
4
211,179
**Total restricted funds**
211,179
General Funds c/f
(25,325)
**Total Funds**
185,854
Approved by ________________________________________
Signed ______________________________________________
Date________________________________________________
The notes on page 3 and 4 form part of these accounts|**2021**
£
8,331
205,534
213,865
144,289
144,289
(55,291)
88,998
302,863
(114,979)
187,884
210,390
210,390
(22,506)
187,884|
|---|---|
2
## **Oakdale House Trust**
## **Notes to the accounts for the year ended 30 November 2022**
## **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 2021
Plus additions
As at 30 November 2022
**Depreciation**
As at 1 December 2021
Charged during the period
As at 30 November 2022
**Net book value**
As at 1 December 2021
As at 30 November 2022|**Equipment**
£
34,328
2,395
36,723
25,997
2,145
28,142
8,331
8,581|**Freehold**
**Property**
£
223,406
223,406
17,872
4,468
22,340
205,534
201,066|
|---|---|---|
## **4) Capital account - Equipment fund (Restricted funds)**
|As at 1 December
Received during the year
Depreciation
As at 30 November|**2022**
**2021**
210,390
160,233
7,402
56,708
(6,613)
(6,551)
211,179
210,390|
|---|---|
3
## **Oakdale House Trust**
## **Notes to the accounts for the year ended 30 November 2022**
## **5) Costs**
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|**2022**
**2021**
£
£
5,686
7,681
2,145
2,083
10,608
8,000
19,255
19,262
493
405
719
714
12,890
20,044
5,297
-
790
-
5,314
90
63,197
58,279|
|---|---|
*Depreciation of equipment is taken from the capital account
## **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. In 2018 £50,000 was invested in Loco Energy Drinks, this investment has been netted against the loans.
4
,
## **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 2022.
M Georgiou FCCA
5
## **Oakdale House Trust**
## **Statement of Financial Activities For The Year Ended 30 November 2022**
|Note
_Incoming Resources:_
Gym Membership
Grants and donations (inc fundraising)
Rental income
Product and services sales
Other income
Equipment purchased
**Total Incoming Resources**
_Application of Resources:_
Costs
5
Depreciation of rental property
Administration Costs
**Total Outgoing Resources**
**Net movement in Resources**
**Total Movement in Funds**|**2022**
General
Restricted
£
£
5,007
26,130
26,556
8,062
(2,395)
2,395
58,353
7,402
(61,052)
(2,145)
(4,468)
(120)
(61,172)
(6,613)
(2,819)
789
(2,819)
789|**2021**
General
Restricted
£
£
12,236
56,708
30,946
5,716
48,898
56,708
(56,196)
(2,083)
(4,468)
(120)
(56,316)
(6,551)
(7,418)
50,157
(7,418)
50,157|
|---|---|---|
|**Statement of Movement in Funds**
Total Funds b/f
Movement during the year (see above)
**Total Funds c/f**|(22,506)
210,390
(2,819)
789
(25,325)
211,179|(15,088)
160,233
(7,418)
50,157
(22,506)
210,390|
The notes on pages 3 and 4 form part of these accounts
1
## **Oakdale House Trust Balance Sheet as at 30 November 2022**
|Note
**2022**
£
**Fixed Assets**
3
Gym and other equipment
8,581
Freehold Property
201,066
209,647
**Current Assets**
Cash at bank and in hand
146,597
146,597
**Current liabilities**
Creditors and accruals
7
(55,411)
**Net current assets**
91,186
**Total assets less current liabilities**
300,833
**Long term liabilities**
Loans
6
(114,979)
**Net assets**
185,854
_Represented by:_
**Restricted funds**
Equipment fund (Restricted)
4
211,179
**Total restricted funds**
211,179
General Funds c/f
(25,325)
**Total Funds**
185,854
Approved by ________________________________________
Signed ______________________________________________
Date________________________________________________
The notes on page 3 and 4 form part of these accounts|**2021**
£
8,331
205,534
213,865
144,289
144,289
(55,291)
88,998
302,863
(114,979)
187,884
210,390
210,390
(22,506)
187,884|
|---|---|
2
## **Oakdale House Trust**
## **Notes to the accounts for the year ended 30 November 2022**
## **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 2021
Plus additions
As at 30 November 2022
**Depreciation**
As at 1 December 2021
Charged during the period
As at 30 November 2022
**Net book value**
As at 1 December 2021
As at 30 November 2022|**Equipment**
£
34,328
2,395
36,723
25,997
2,145
28,142
8,331
8,581|**Freehold**
**Property**
£
223,406
223,406
17,872
4,468
22,340
205,534
201,066|
|---|---|---|
## **4) Capital account - Equipment fund (Restricted funds)**
|As at 1 December
Received during the year
Depreciation
As at 30 November|**2022**
**2021**
210,390
160,233
7,402
56,708
(6,613)
(6,551)
211,179
210,390|
|---|---|
3
## **Oakdale House Trust**
## **Notes to the accounts for the year ended 30 November 2022**
## **5) Costs**
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|**2022**
**2021**
£
£
5,686
7,681
2,145
2,083
10,608
8,000
19,255
19,262
493
405
719
714
12,890
20,044
5,297
-
790
-
5,314
90
63,197
58,279|
|---|---|
*Depreciation of equipment is taken from the capital account
## **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. In 2018 £50,000 was invested in Loco Energy Drinks, this investment has been netted against the loans.
4
,
## **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 2022.
M Georgiou FCCA
5