Trustees' Annual Report for the period
Period start date Period end date Day 01 Month 12 Year 2022 Day 30 Month 11 Year From To 20223
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
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 |
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 | |||
| Kamran Khan | ||||
| Haseeb Akhtar | Youth Rep | |||
| Rashid Nazar | Secretary/Treasurer | |||
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7 8 9
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10 11 12 13
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
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Name Dates acted if not for whole year
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
Trust Deed
- (eg. trust deed, constitution)
Trust How the charity is constituted
- (eg. trust, association, company)
Trustee selection methods
Elected by members
(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
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| Summary of the objects of the charity set out in its governing document 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) |
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 |
|---|---|
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. Our 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 is running well too. 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. |
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Additional details of objectives and activities (Optional information) You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
All grants and donations made are always immediately restricted funds and used for their specific intended purpose.
Section D Achievements and performance
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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Section D Achievements and erformance p
Summary of the main achievements of the charity Maintaining Charity In Actions project – providing cheap affordable used / during the year recycled clothes to the local community as well as giving household items and clothing free to local disadvantaged families who can’t afford it.
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Section E Financial review
Oakdale House Trust has restricted reserves for future project expansion Brief statement of the charity’s and some unrestricted reserves as a security for unexpected expenses. policy on reserves
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
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Signature(s) Full name(s) Rashid Nazar Position (eg Secretary, Chair, etc) Secretary Date 28/09/2024
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Oakdale House Trust
Statement of Financial Activities For The Year Ended 30 November 2023
| Note Incoming Resources: 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 |
2023 General Restricted £ £ 4,700 23,660 26,894 2,012 52,566 4,700 (54,053) (1,716) (4,468) (120) (54,173) (6,184) (1,607) (1,484) (1,607) (1,484) |
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 |
|---|---|---|
| Statement of Movement in Funds Total Funds b/f Movement during the year (see above) Total Funds c/f |
(25,325) 211,179 (1,607) (1,484) (26,932) 209,695 |
(22,506) 210,390 (2,819) 789 (25,325) 211,179 |
The notes on pages 3 and 4 form part of these accounts
1
Oakdale House Trust Balance Sheet as at 30 November 2023
| Note 2023 £ Fixed Assets 3 Gym and other equipment 6,865 Freehold Property 196,598 203,463 Current Assets Cash at bank and in hand 149,810 149,810 Current liabilities Creditors and accruals 7 (55,531) Net current assets 94,279 Total assets less current liabilities 297,742 Long term liabilities Loans 6 (114,979) Net assets 182,763 Represented by: Restricted funds Equipment fund (Restricted) 4 209,695 Total restricted funds 209,695 General Funds c/f (26,932) Total Funds 182,763 Approved by ______ Signed ________ Date____________ The notes on page 3 and 4 form part of these accounts |
2022 £ 8,581 201,066 209,647 146,597 146,597 (55,411) 91,186 300,833 (114,979) 185,854 211,179 211,179 (25,325) 185,854 |
|---|---|
2
Oakdale House Trust
Notes to the accounts for the year ended 30 November 2023
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 2022 As at 30 November 2023 Depreciation As at 1 December 2022 Charged during the period As at 30 November 2023 Net book value As at 1 December 2022 As at 30 November 2023 |
Equipment £ 36,723 36,723 28,142 1,716 29,858 8,581 6,865 |
Freehold Property £ 223,406 223,406 22,340 4,468 26,808 201,066 196,598 |
|---|---|---|
4) Capital account - Equipment fund (Restricted funds)
| As at 1 December Received during the year Depreciation As at 30 November |
2023 2022 211,179 210,390 4,700 7,402 (6,184) (6,613) 209,695 211,179 |
|---|---|
3
Oakdale House Trust
Notes to the accounts for the year ended 30 November 2023
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 |
2023 2022 £ £ 5,104 5,686 1,716 2,145 4,686 10,608 20,086 19,255 1,156 493 504 719 12,659 12,890 7,192 5,297 - 790 2,666 5,314 55,769 63,197 |
|---|---|
*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
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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 2023.
M Georgiou FCCA
5
Oakdale House Trust
Statement of Financial Activities For The Year Ended 30 November 2023
| Note Incoming Resources: 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 |
2023 General Restricted £ £ 4,700 23,660 26,894 2,012 52,566 4,700 (54,053) (1,716) (4,468) (120) (54,173) (6,184) (1,607) (1,484) (1,607) (1,484) |
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 |
|---|---|---|
| Statement of Movement in Funds Total Funds b/f Movement during the year (see above) Total Funds c/f |
(25,325) 211,179 (1,607) (1,484) (26,932) 209,695 |
(22,506) 210,390 (2,819) 789 (25,325) 211,179 |
The notes on pages 3 and 4 form part of these accounts
1
Oakdale House Trust Balance Sheet as at 30 November 2023
| Note 2023 £ Fixed Assets 3 Gym and other equipment 6,865 Freehold Property 196,598 203,463 Current Assets Cash at bank and in hand 149,810 149,810 Current liabilities Creditors and accruals 7 (55,531) Net current assets 94,279 Total assets less current liabilities 297,742 Long term liabilities Loans 6 (114,979) Net assets 182,763 Represented by: Restricted funds Equipment fund (Restricted) 4 209,695 Total restricted funds 209,695 General Funds c/f (26,932) Total Funds 182,763 Approved by ______ Signed ________ Date____________ The notes on page 3 and 4 form part of these accounts |
2022 £ 8,581 201,066 209,647 146,597 146,597 (55,411) 91,186 300,833 (114,979) 185,854 211,179 211,179 (25,325) 185,854 |
|---|---|
2
Oakdale House Trust
Notes to the accounts for the year ended 30 November 2023
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 2022 As at 30 November 2023 Depreciation As at 1 December 2022 Charged during the period As at 30 November 2023 Net book value As at 1 December 2022 As at 30 November 2023 |
Equipment £ 36,723 36,723 28,142 1,716 29,858 8,581 6,865 |
Freehold Property £ 223,406 223,406 22,340 4,468 26,808 201,066 196,598 |
|---|---|---|
4) Capital account - Equipment fund (Restricted funds)
| As at 1 December Received during the year Depreciation As at 30 November |
2023 2022 211,179 210,390 4,700 7,402 (6,184) (6,613) 209,695 211,179 |
|---|---|
3
Oakdale House Trust
Notes to the accounts for the year ended 30 November 2023
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 |
2023 2022 £ £ 5,104 5,686 1,716 2,145 4,686 10,608 20,086 19,255 1,156 493 504 719 12,659 12,890 7,192 5,297 - 790 2,666 5,314 55,769 63,197 |
|---|---|
*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
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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 2023.
M Georgiou FCCA
5