Charity R¢gistrdtion No. 1121069 Company Registered No. 06036053 (England and Wales) Oak Hei hts School Limited Trustees, Re rt and Financial Ststements For the Accountin tember2019to31 Au ust 2020 CONTENTS Legal and Administrative InfoM￿tIon Trustees, Rewirt Independent Examiner's Rewrt Statement of Financial Activities Balance Sheet Notes to the Financial Statements Oak Heights School Ltd Trustees Mr S Dhillon (Chatrn)an TnJste¢ ) (appointed 22112106) Mr K Sandhu {appKTrintcd 3115113) Mi&s J Daiy (appointed 3115113) Governing Document & Constitution Dcciatation of Tn￿ dated 22112106 Charity Number 1121069 Charity oifice 3 Red Lton Court Alexandrn Road Hounslow Middlesex TW3 IJS Ind¢pa￿ent Examiner Cbeshams Accountants Ltd 16 Neals Corner 2 Bath R02d Hounslow Middlesex TW3 3HJ Accountants Malkit Niiier TIA MSN Accounting 66 Violet Avenu¢ Uxbridge Middlesex UBS 3PS Bankers Santander Bank pl¢ Abbey National House 301 Vincent Street Glasgow G2 5NT Trustees Re Trust Ob'ectives and Overview The Trustees present their report with the financial sthfrments of the charity for the year I September 2019 to 31 August 2020 and confinn they comply with the Tequirements of the Ch8rities Aet 2011. the trust de¢d and th¢ Charities SORP (FRS 102). Oak Heights School Ltd was set up to provide education and social activities to chlldren at senior level. The School is lo¢at¢d Tn Hounslow Central. W¢st LDndon and provides sch(x)ling at GCSE level. Admission is by academic selection and pre-testing. The sch(x)l orientates its progratn around development towards ¢areers which include bankin& Law. Accountancy. Medicine. and Business. The schijol has created a wonderful environment for learning and reached exceptional standards in its endeavours to provid¢ high standard of ed￿￿tion. The pupils both on roll and registered as private candidates within our exam centre are increasing which means we are now looking into adapting the way we manage our accounts in order to develop a more efficient and organised system. To achieve this. various control measures will be put into place. Mr Dhillon continues as a key figure as the school. Trustees Re TRUSTEES Mr S Dhillon Mr Kulveer Sandhu (appointed 311512013) Miss Josephine Daly (appointed 311512013) OBJECTIVES The trust's objective5 are: l. To encourdge social development and provide education to children in middlese￿ in support of the National Curriculum. 2. To provide or assist in th¢ provision of faciliti￿ for r￿[eatiOn and other leisure time occupation in the interests of social welfare with the object of itnproving the condition5 of life of the b¢n¢ficiaries. Asset cover for funds The assets of the trust meet th¢ charity's obligations on a fund by fund basis. Reserves Polic The Trustees have examined the requirement for free reserves which are those unrestricted funds not invested in fixed assets. It is the p)licy of the charity to maintain free reserves at a level conSide￿d adequate to provide su(ficient funds for approximately two months unrestricted expenditure to cover cost of the aetivities for charitable objectives and management and administration costs. Risk Mana ement The Trustees have reviewcd the affairs of the charity and do not consider that there are major 5trdtegic, business and operdtional risks which the charity faces. Statement of trustees, res nsibilities The trustees are required undcr the law applicable to charities in England and Wal¢s to prepare financial statements for each financial year which give a true and fair view of the stat¢ of th¢ Charity's financial activities during th¢ year and of its financial position at the end of the year. In preparing these accounts, the trust¢e5 ar¢ required to: a) Select suitsble accounting policies and apply them consistently: b) Make judgements and estimates that ar¢ reasonable and prudent ) SL2te whether applicable accounting siandards and ststements of recommended prnctice have been followed, subject to an). d¢partures disclosed and explained in the financial statements. d) Prepare the financial sthteTncnts ott a going concern basis unless it is inappropriate to pr¢sum¢ that the Charity will continue in operation. The trustees are responsible for keeping ￿COUnting records ￿hICh disclose with reasonable accuracy at any time the financial posttion of the charity and which enable them to ensure that th¢ financial statements comply with the Chariti¢s Act 2011. They are also resEK)nsible for safeguarding the assets of the charity and hence for taking re&sonable steps for the prevention and detection of fraud and other irrcgularities. Trustees Report Approved This report was approved by the trustees on .. Qoil . and is signed on their behalf by: Mr S Dhillon (T￿￿tee) CHARITY COMMISSION FOR ENGIAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustee¥l members of Oak Heights School Ltd On accounts for the year ended 1 Semember 2019 to 31 August 2020 Charity no {if any) 1121069 Set out on pages I report to the trustees on my examination of the accounts of the above charTty (Ihe Trusf) for the year ended 3110812020. Responsibilities and basis of report As the charity's trustees. you are resportsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examination of the Trust's accounts carried OLrt under section 145 of the 2011 Act and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5}{b) of the Ad. Independent tThe charity's gross income exceeded £250,000 arKI l am qualffjed to examiner's statement undertake the examination by being a qualtfied member of Association of Chartered Certified Accountants, United Kingdom. I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination (other than that disclosed below") which gives me cause lo telieve that in, any material respect: the accounting records were not kept in accordance with section 130 of the Chartties Act" or the accounts did not accord with the accounting records", or the accounts did not comply with the applicable requirements con￿mIng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no COn￿mS and have come across no other matters in connection wÈth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . Please delete the words in the brackets rfthey do not apply. Signed: Date: t17 Name: Ashok C. Cheriyan Relevant professional qualification(s) or body FCCA IER Oct 2018 lif any): Address: Cheshams Accountants Ltd 18 Neals Comer. 2 Bath Road Hounslow, Middlesex. Tvf3 3HJ Section B Disclosure Only complete rf the examiner needs to highlight material matters of Con￿rn (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any itoms that the examiner wishes to disclose. IER Oct 2018 Oak Heights School Ltd Chari No 1121069 Annual accounts for the nod P￿0d erKJ date Per1￿j start date 0110912019 3110812020 Section A Statement of financial activities (including summary income and expenditure account) Uftrg5trict8d incom? Endowm•nt funds fund5 funds Prior y9ar funds R8commonded categOlte8 by activlty Total funds Income (Note 3) Income and endowin•nts from: Donation$ arxl kgacies F01 F02 F03 F04 F05 &)1 444,552 444,552 371,890 olher tradiffj 8th¥1ti8S Investsnetts 333 333 Separate material item 4,472 449.357 4.472 449,357 Total Expenditure (Notes 6) Expendtture on: Rai%4ng fimds Charitst4e 8dMiies S07 373,651 399,476 401082 339.637 Sep8r8ts material exw*e itam Other. Govemarts ccéts S10 S11 4.697 404,173 4,697 405.779 4,954 344,591 Total S12 1,606 Net Incomel(expenditure) before tsx for the reporting period Tax payab S13 45,184 43,578 29,060 S14 Net incomel(expenditurel after tsx before investment gainsl{losses) Nètgain￿[kJ$SE$) o invÈstrherrts S15 43.578 29,060 st6 Net incomel{expenditure) Extraordinary items Transfers between funds Other recognised gainsl{losses}: $17 45.184 1,606 43,578 29,060 $18 S19 Gains losses on revaljalbn offixed ￿Setststr charivs o%vn u¥e Olher gainslllossasl Net movement In funds S21 43,578 43,578 29,060 Reconciliation of funds.. Toi81 funds browJMforvrdrd 271,931 315,509 271,931 315,509 242,871 271,931 Total funds caffied ft•nvard S24 Oak Hei9hts S¢hool Lld Section B Balance sheet Fixed assets Intsngibl8 assets Tangiblg awts H•titag¢ ass•ts Irwestrnonts Fot F03 F04 10,5 5,603 FOS 12.250 6,256 10th 15) INote 141 (Nots iffj) (Nots 17) Tot•lfixedassds 16.703 18.506 Current assets Stocks Debtors INol• 181 (Nots 19) (Not• 17AI 2.184 199,2e6 2.184 199.266 2.184 16,553 Cash at bank and in hand (Nots 24) 201.848 201.848 250,940 269.677 Credltor¥: arnoynts lalHng dyef*lthln one year (Nots 201 16.252 253,425 271,931 CreditoTr: amounts falling du• aft one y•ar (Note 201 Piovlslon$ for Ilablllt*s 814 Totslnetassets orllalthlli•s Funds of the Charlty EndowtY*ntfvttds (Not• 271 RtStricl¥d incoTh? lunds IllokTr 2n Unre8tiict•d fvnds 315.9J9 315.509 271,931 B1Y 315, 315.5( 271,931 Fairvalue ro8ern 315,509 271,931 Date of approval ddlm Prwrt Namè ddlm Wi Prfht Mm• CC17a (Exd) Section C Notes to the accounts Note 1 Basis of preparatlon This section shoukl be completed byall ehaiibes. 1.1 Basis of a¢¢ounting These accounts have been ptep8red underthe hth￿al cost u)nvention wth rtems recognised at c4)st or transaction value unless ottwse stated In the relevant notelsl to these a¢a)unts. Th8 acc4)unts have been prepared in accordance vitth" the Ststernent of Recommended PradiTr.' AcoyJnb"ng and Reporh"ng by Chanbes preparirvJ their aco)unts in a¢￿Idance th the Finanoal Rèporb"ng Standard applicable in UK and Republic of I￿land IFRS 1021 issued on 16 Juty 2014 and vAth' arxj wrth- the Financaal Rep(*t"ng Standard aA)1%2bJe in the Unrted lfjngdom and Rewblic of IreL4nd IFRS 1021 and with the Charibes Act 2011. The thaiity constitutes 8 pul￿￿ benefft entity as defined by FRS 102.. -rick as appropriate 1.2 Going concern Irthere aty mateiial unc•nainties relatedto events orcoft¢ftyons that castsignificant doubton the charity8 ability to continue as a going concom. please pmvide the following detaits orstatè -Notapplicable". rf approprlate." explanabon as to tr￿e factors that SUF¥KMt the conclusion that the chanty ￿ a g￿r￿j concern.. Disclosure of any uncertainties that make the going concEm assumption doubtfvl", Where accounts are not prepared on a going concem basis, please disdose this lact togetherwith the basis on the trustees prepared the accounts and the reason why the charty 15 not regarded as a going C￿reM. 1.3 Change of accounting policy The accounts present a true and fair and no chaThJes tt￿e teen made to the actounting poli￿8 adopted in note { }. No. '.rK* as wropriate pl￿$• thsclose." (Q th• n¥turn of the chanp aw)unUngpolicy.' {11) the reasons why applying the new aeeountingpoliey and CC178 IE¥call 1W08r2021 (iii) thè amount of tho adjuslment foreach fvne kffertÈd In the ¢urrentperiod. each priorperiodpresentedand the aggregat• amountofthè adjustmènt rnlatlng ro periods before those presented. 3.44 FRSf02 SORP. 1.4 Changes to aceounting estlmates No thanges to accounting esbmates have c￿l￿￿d in the reFwxbng period13.46 FRS1(Y2 SORPI. Yes" ".Tx* a5 aky(wate No- Please dlsclose.. (i) the nalure of any ehan90S," (11) the effect of the change on ineom• and•xp•ns• or assets andllabllmes forthe cuffentperiod.. and (111) wherepracticable. the effectof the chang• lft one or MO￿ futurepertods. 1.5 Material prKoryear error¥ No fflaterial prioi ear etrot have ￿en￿fied in the reportin Yes. ricxY13.47 FRS102 SORP}. No. "_TK* as appropriaie Please thsclose.. (i) the na￿re of thepriorperiod wror." {iiJ foreach priorpwio(IptrYsenledin the accounts. the amount of the Correction for each 3ccountlAnè Itèm affected,. and (iii) the amount of the correction at the beginning of th• •arllestpriorperiOdp￿e￿ted in Ihe accounts. CC17a (E￿1} 1810812021 Section C Note5 to thè accounts Iconti Not• 2 Accounting policies 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provtdea *JescrfO10 lit￿ njbjreof ￿h£1 in accounting siartol Erwjol Fund balancesas staled CC173 IExcd} 1W0812021 Section C Notes to the accounts IGontl Note 2 2.2 INCOME A¢¢ounting polKi8S Yes" ND" Nla. Yes" Nla. ur•J orpwnMtbJ }ryi￿ FRS 102 SC*PLY FRS 102. Grants andd￿mIS Yes. No. Nla. Q7iterIaaeff￿1S.l0tsJ 5.12 FRS102 SORP) No. Wa. Ltya¢ Ye5. No. Nl8" Nla. T¥y re¢i¥fjnk¥on donaU0Tr5 and 9Nts Nla. Yes" No" grants Yes" Nts. Nlts. the fair vakje ofttr￿e the btne oftsi tpwptarf ItEyare rg)YJ[¥sed￿ Yes. Nla" Nla. No. Nla" 140. Nla" Yes" Wa. ts¢illb•g No. Nla. th2SOFA SypwJrtc¢)sts Yes" Volunteerhelp Yes. No" Nla. inthelntstee5'annual rewt Yes" ¢17 FRS 102 50RP 1810812021 Nla" 5ub5criptiL¥L% Yes" Nla" Nla. ¢l•ims ctsia¥emet1S.1010 5.12 FR51￿2 sORP)￿j *e Invetherrtgalns and lo￿•5 Nla. 2.3 EXPENDITURE ANO LIABILITIES L&*knes ale iwntsedwt*re iti%ffAxe Yes" Nla. Yes" Nla. Yes" Nla. cond￿0￿5 Nla. Nla" Ye5. Nla. RAdundAm¢y¢ogt No. Nla. Crndttors Yes" Mla" A rr£4Sur&I￿ at subsequ Yes" No" Basic Instrumert% Yes. No" ragr• 10.7 FRS102 SORP. stha1￿lfr￿￿rerne￿L￿ as pu para￿2￿￿ 11.17 11.19. FRS1W2 SORP. 2.4 ASSETS Use by Charity Yes. No. Nla" Intangl￿e fvéd assets sJD$bf¥*￿8re ar¥J ate L*Wty Ultwjh tyJ*NJy Yes. D. Nla" Yes" Yes" Nla. Yes" valwd atinthaltyatojst lar ¥* lther v*13t￿ yew Yes- No. a. ¢¢17 FRS 102 SORP 18108r2021 Stocks andwort fjn progrv Yes. Nla" realL4db￿¥ Yes. Nla. Yes. Nla. Yes. Nla" Yes. Nla" Ye5" Nla" POLICIES ADOPTeD ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE C¢IT FR$ 102 SORP 18KW2021 Section C Notes to the accounts Icontl Note 3 Income Donations and lega¢ie¥: Donatsons arKI ffts GiftAd aC￿S General grants proknided by governrnertlather charit￿$ Membership 5ub5cripbons stKWWt5hips which are in substsnce donalims 4.472 4.472 Donated ODds, fa(xlrfie5 arxl serv ot￿r Totsl 4.472 4.472 Choritablg aGtivities- Strhts)I fees 442.4109 1.185 370.5LhJ Student SU School exams SerYKe tharges 1.185 1.240 Total 444.552 other tr8dlng acttvltl88: Other Total Incomo from investments: lTrlere51 incotne DivKlend incorne Rental arKJ ￿¥s1 Other 333 333 1.761 Separats matèrlal Item of income Total Other". Conve￿￿ ofeThI(W￿*￿frjrXIs ￿10 Iricotne Ga*i on dBpx)s81 of atar*Jlb￿rtyJ asset for cha s own use Ga￿7 on di8posal of 8 k¥ogr8iiw)ie rdated investment Royallwts from eWoitaliDn of intel*(*ual er TrAal TOYAL INCOME M9.357 449.357 373.851 other ipfonnation.. l iD¢ome in thopriwyosrwas unrqth¢ABd eAcekrtfor. {pl Pft)¥idèdostription oE>J amourtsl Whereany endowmentfuThl tstanvert￿ irtto i￿)￿* intho rtiThJ perfoxj. Wse g￿ethe reason forthe Ce￿¥￿[$ With*D the itenk¥ •bo¥ethefv￿lr￿jng rtem5aTrmaterW: Ipl&89è diSt109•th• naknw•.AMEXintA￿ PrI￿￿r amountsi Where sumsorfginally denornlnated IA lor¢lgn CLvrthicyha¥o brygn inclvdgd in in¢i>m•, *XPlainthe bufjFon *thkhlJThe havè bèèn tsxnslat￿ it)tts*•rlir￿ lorthp cwwerKy whlch the accounts are drawn upk CC17a (Excdl 1WOB12021 Section C Notes to the ac¢ounts Icontl Note 4 Analysis of r￿eIpts of government grants Thi5 year Last year Dts¢ription Job RetentM)n Scheme Granl Govemment grant 1 Government grant 2 Government grant 3 Other 4,472 Total 4,472 Please pmvide detsils of any unfulfilléd conditions and obler contingencies attaching to grants that havé b••n recognised in Ineom•. Please give details of other fonns of governn￿￿t assistance from which the Charity has directly benefited. CC178 (Excell 18108r2021 Section C Note5 to the accounts Icontl Note 5 Donated goods, facilities and services This year Last year Seconded staff Uye of propety Other Please provide details of the accountrng policy for the racognttton and valuation of donated goods. facilities and services. Please provide details of any unfulfilled conditions and othér contingènciès attachrng to resources from donated goods and sep4ic•s nol recognis8d in Incomo. Please give details of othor fomis of other donated goods and services not recognised in the accounts, eg ontrtbution of unpaid volunt8W5. CC17a IEx¢xll 1PJ08r2021 Section C Notes to Ihe account5 Icontl Note 6 Expenditure Anatysls 0feXpend￿rt nd5 nds T¢ilallunds Ptr1Or￿r Expenditurè on raising funds: Incurred seeking donations Incurred seeking legaue5 Incurred seeking grants Operthng rnernbetship schern￿ and social lotteriès staging fundiai&ng evenls Fundffjising agents operth.ng (thartty shops operab.ng a trailing company undertaking ￿n-tharItable trading Advertising, markth"n9. dired tn￿1 arbd Start UP CA)sts In￿rred in generab" new source of futu￿ income Database development (x)sts Other trading activttsès Investment management (x>sts". Portfolio mana ement cost5 Cost of obtsining investment advi Investrnent administrab.on costs Intellectual property licenoNJ (x)sts Rent colWon. property repairs and MaIntenar￿ tharges Totsl expèndrknrt on raisiry fund5 Expenditur• on charitsble activitie5 Charitabk eypendiiure Isee note 91 Charitabk eypenditure Tnps (S￿ note 91 399.476 399,476 338,057 1.580 Totsl expenditUfE on charilable activitits 399.476 401.082 339.637 Separate material Item of èxpense Total Other GovernarKe costs lsee 91 4.697 4,954 Total oth¢r oxpendituye 4,697 4.897 4,954 TOTAL EXPENDrruRE 4LNI.1TJ 405.779 344.591 CC17a IExLYll 1￿021 Other infom)ation'. Ana￿4$ of •xpenditure on charitable acU¥lties Grnnt fvnding Activity or programme Supt Total thi5 Totsl Activity 1 Other Total Priot year Èxpenditure on ch3rttable*ivities can be analysed as follo*s." Wfthln th• exptndtture ilem5 above the following items ar• materfal: Iwease di%l(15e the nature, amouniand any wtoryèar amounts) Where orlglnalty denominaied in foreign currency have been included In expendI￿re, oxplaln basis on which those sums have been trdnslated into steAing lor th8 currency In t*A)ich th¢ aGGounts are drawn upl. CC178 (Extrll 1810812021 Section C Notes to the accounts Icont Note 7 Extraordinary items Please explain the nature of each extraorthnaryilem occumng in the pwyod. This year List year Description Extraordinary Item 1 Extraordlnary It8m 2 Extraordinary itsm 3 Extraordinary item 4 Total extraordinary items CC17a IEx(*ll 18108r2021 Section C Notes to the accounts Note 8 Funds received as agent 8.1 Please Complete this nole rfthe charlty has agreed lo admlnlstortho lunds of anolherendtyas Its a￿nt. Note.. Ma ¢h•rity is acting as an agent. itshould notY•eognlse th• ineomè in the Statement of FinancialActivilies or the Balance Sheet Amount paid out Balance held at period end Descriptionlname of party Relat party lyes orNo Thls yèar Last year This year Last year This year Last year Total 8.2 Where a consortla orsimiTlar arrangement exists wheKeby 2 orM￿t eharities Cr￿0Perdte to achieve economies in the purchase of goods orservi¢es. Pl&￿e diselos• dètails of anYbalan￿ outstsnding belween anyparticipatlng members. Descriptionlname of party Balance held at perfod end This yèar Last year Total CC173 (EX￿1} 1810812021 Section C Notes to the accounts Note 9 Support Costs Please complete thls note rfthe charity Ims anatysedts expenses using aclfvlty categories and has support costs. Activity Charitsb Activity Unrestricted Basis of allocation escn method) Raislng funds Grand total Support ¢o¥t exam Ios Salaries & NIC 246.581 246,581 Staff pension Ee¢s 3,479 3,479 Education suppltes 46.259 46,259 Exam costs 155 155 Ofsted fees 1.212 1,212 Rent & service thgs 56,827 56,827 Rates & water 6,956 6.956 ght & heal 4.786 4,786 Insurance 4,766 Cleaning 3,041 3,041 Telephone & Intemet 2,058 2,058 Postages & st*ion¢ry 495 495 Marketing & Advertising 11.651 11,651 Repairs & renewals 2.052 2.052 Cukural activrties & trsps 1.606 Misc expenses 2.945 2,945 Subscriptions 2.596 2.596 Depre¢ialion 1.867 1.867 Goodwill amortisalion 1,750 1,750 Professional fees 1.800 1,800 Ac￿Untan¢Y 1,C()O 1,000 Payro51 bureau costs 1,897 1,897 Bad Debt Total 399,476 4.697 405,779 Plèase provld8 detsils of the accounbng policy adopted for the apportsonmenl of costs b•iw8on activities andany estimation technlquos used to calculate theirapportionm•nL CC17a (EX￿1) 1810812021 Section C Notes to the accounts Note 10 Details of certain types of expenditure Note 10.1 Fees for 8xamlnatlon of th• a¢¢ounts Please Provide details of the amountpaid forany5tatutory extemal S¢￿tinY of accounts and otherswvices providedbyyourinrTh￿￿g￿￿rrt5fc thAlr$orvt•$tothe ¢tharAy. For Not*28. 112 Avqrag• hB*lcaurtkntho year ThB parts ofth•¢harltythwhkh th• LastJ*ar 13 J6 13 Pleaseexplaln the trflh payrnont reason formakknllth•p*yTh p￿3￿9 $tatsthg amountolthkp*yrnMrt IOrv4lu8of¥nywaiverola rfghlk+aTr 11A REdu￿anCY Totsl amDuntotpwwrt Tho¢xtèntofw•dumdartyluTrdkno at Iho batynce she•td4te P￿•Se stat¢th•xcountir¥4 wkylnr cC17IlE￿} I￿r￿1 Section C Notes to the a¢¢ounts (conti Note 12 Defined contribution pension scheme or defined benefit scheme accounted for a$ a defined contribution scheme. 12.1 Please ¢ompleto thls nota If a defined contiilxrtion pensiM scheme is operated. Amount of contributions recognised in the SOFA a$ an ex￿nse 2020= £3,479 Please explain the basis for allocating tha liability and expense of defin¢d contribution pension xhema betsvoon activities and between r¢$tri¢tod and unrestricted funds. All stsff costs classified as unrestrictsd charitable activite5. 12.2 Please complete this section WIRR Ihe clMrityparti¢ipates in a dpfined benefftpen5ion plan but Is unable to as¢ert•"n its sharn of the und8rtwng assets andliabililNes. Please Gonfim) that although the sGhèma is accountsd for as a defined contribution plan, it is a defined bonèfft plan. Please provide such rnlomiatlon as is available about the plan's surplus or defiGit and thè implicatiorts. if any. for thè rwrting charity 12.3 Please complete this section where the Cha?typartlcIpat￿ in a nwltiwemployer defined b￿afft penslon plan that is accounted foras a defined contiFbution plan. De$¢ribe the extent to which the charity an bè liablè to the plan for other èntitios. obligations under the tern and condition$ of th$ multl-•mploy•r plan Explaln how any liability arising from an agreement with a multiryemployer plan to fund a deficit has bean determinèd. CC17a IE¥¢dl 19m8r2021 Section C Notes to the accounts Icontl Note13 Grantmaklng Please complete thls note If the charftymade anygiaiits oriloRaJons which in aggregate fonp a motW70lpart of the ¢haritable activitiès und•rtak•rt. 13.1 Analysis of grants paid lincluded in cost of charitable activit￿$) Grnnts to Grants tt> institutions individuaLs Analysis Support costs Totsl Nota plicable Plèase enter"Nil- rfthe charity does not idenbfyandor•llo¢a¢esupportcosts. 13.2 Grants mad8 to in5titulions My Charffy has made grants to particul8rlnsOlulions Ihatare mateffialin the context of Its grnntmaking. Detaits of the insbtutson supporte purpose ofthe grantand tota1pa￿l0 each InsUWUon ts avallable on the charitys web slte. Pl•asepmvffde dètails ofclmlty URL. Provide delalts l)elow No Names of institsrbon Purpose Tolal amount of rants aid£ Totalgrants to institutions in rEpO￿ngP#rI0d Other unanalysedgrants TOTAL GRANTS PAID CC1Ta (Exce 1W0812021 Section C Notes to the accounts {con Nots 14 Tangible fixed assets Please Complete this note rf the charity has any tan￿ble fixed assets 14.1 Cost orvaluation Freehold land & buildings Other land & buildings Plan( machinery and motor vehicles Fixtures, ffttings and equipment Total At the beginning of the year Additions 31,709 31,709 1.214 1,214 Revaluations Disposa15 Transfers ' At end of the year 32.923 32,923 14.2 Depreciation and impaimients -Basis SLorRB SLorRB SLorRB RB SLorRB Straight Line {"SL") or Reducing Balan {"RB") Rate 25% At beginning of the year Disposals 25,453 25,453 Depreciation 1,867 1,867 Impaimient Transfers" At end of the year 27,320 27,320 14.3 Net book value Net book value at Ihe beginning of the year Net book value at the end of the year 6,256 6,256 5,603 5,603 CC17a (Excel) 1810812021 14.4 Impaimient Please pmvide a description of the events and circumstances that led to the recognition or reversal ol an impairment loss. 14.5 Revaluatlon If an accounting policy of revaluation is adopted. I&￿e mvide." the effective date of the revaluation the name of Independent valuer, If applicable the methods applied andsignificant assumptions the carwng amount that would have been recognised had the assets been carried under the cost model. 14.6 Other disclosures (i) Please state the amount of born?wing costs, if any, capitslised in the construction of tsngible fixed assets and the capitalisation rate used. (li) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (111) Detalls of the exlstence and carrylng amounts of pmperty, plant and equipment to which the charity has restricted title or that are pledged as security ft+r liabilities. The Yransfers" row is for movements belween fixed asset categories. ' Please indicate the method of depreoatK)n by deleting the method not CC17a (Excel) 1810812021 Section C Notes to the accokjnts Note 15 Intangible assets Pl•as• complete thls note rfthe cbaiity has anyln• ass•ts 15.1 Cost or valuatlon Totsl At beginnsng ofthe year Additions 35.( Disposals Revaluab"ons Transfers" At end ofthe year 15.2 Amorti8ation and Impalm￿nts ~Method of amortisatl¢)n SL SLorRB SLorRB SLryRB Straight Line I'SL") or Reduung Balan "RB. £1.750 p.a. At teginning of the year Di5P05als 22,79J 22,750 Amorbs8tron 1.750 1,750 Impaimient Transfers- At end of year 24,5(K¢ 24.SXJ 15.3 Net book value Nat book value at the beginning of the year Net book value *the end ofthe year 12.250 12.250 10. 10,5C 15.4 kcountlng polTcy Pleas• disclose the x¢ountlngpoli¢yfor irtangffble ￿edaSSets Includlng.. Rèasons forch0￿1￿9 Goodwill ha5 been amortised fora finite life of 20 y8a amortisation rates Policies for the ￿QgnitIOn of any capllal d8v•lopment 15.5 Impainnent Plgas• provide a descrtpdon of the •Y•nts and eircurnst4nces thatled to tho r8cognitvon or reve￿al ofan impairniefttknss. CC17a IExcell 18108r2021 15.6 Revaluation If an accounting policyof revaiuabort is adopted, pleasepToYlde." the effeclive date olthe reyaluatlon the nam¢ of Indwnd•ftt valuw. If appIl￿bI• th• mèthods applied tho carrying amount that wouklhavt bton recognisedfvad the assets ljeen carried under the costmodel. 1S.7 Other dlsclosures (l) Myouriniangible asset was acquired by way of gran¢ provlde value on Inldal recognlilon and carrylng amount of the asset (il) Det4ils ofthe canylng amounts ofany intangible assets to which the chaiity has r•strictèd title orthatarnplèdg•das s•cuiityfor liabffllities. {iiiJ Pl*aso pmvid• the amouftt gf rofttrac commibnents forthe acqulsftlon of Intanglble (iwj State the amount of research and development expendityre Tewgnisedas expenditu￿ In the year. (v} Please d•tall th• h￿￿1￿9$ fft thé SOFA in %Yhich a chargè foramortisation gf intsngible assets is included. (vi) Forany mat•rfallntangllJlo ass•ts plws• provide a description, its carwng amt)untand any remaining amothation poriod ' The Yransf&ts'nMAS for movements behveen fixed aSSetCateg￿ies. ' Please indicate Ihe meukxlof depr6ciation by deleling the m8lh(Ml not3ppl￿ab1tr (SL = sbs line,. RB = reduclngbalan￿). Also please inthcate Ihe tste Ofdep￿￿ats¢￿." tss￿￿ght line. what the anticipatedlrfe oflhe a&get (in years),. forreducing balance, what is Ihepercentag& arjnual CC17a IExoll 1810812021 Section C Notes to the accounts Note 16 Please cofflwe this noterfthe ch?iitylw hwiltyO*ssets 16.1 G•n•rnl disclosures forall charllle5 holdlro I￿￿age a556ts lfj) ExpL8Sn the nthre and Sca￿ ol heritage a55ets held. lill ExrAain the policy forthE managementand dispwl of hwilwy• 16.2 Cwi or vlu•ll At Of￿ year Addthn5 Di%pos RewalualKX TraDskn' At end ofthe year 16.3 p•p￿T￿lOn athd knpslrm• $L￿R8 SLURB SLorRB SLorR8 SLtyRB Sb¥ght L rsL"I BaL4r At begimru ofthe year 0￿p￿lS Imwimient At eThJ of year 16.4 Plet bookvalue Net Lwk va￿ealthe LYYJ ofthe 16.5 Imp•im* 16.6 R•Yaluallon 16.7 AnJtysts of herltage assets tro clJ5$0rgroup d￿lin￿￿1￿￿Vj thr4e atc0St¥￿ thos••t￿lu•lltyl GG17a IExC*I l&q￿21 fywpA Canyire alr￿nt at bryinnirvJoftr* PUDJ Addition5 Di5P05a Rewdluation Ca￿￿n9 an￿nI at ts eTrJ dper*) lil Explaip the reason why hpritsyo th• balantè $h8•L nawr• o1h$rits￿ 0s$8ts. liiil Dtsclos• in10tin*￿ that helptul In assesslr4 the value of 14vl ExpkSn the r&tson why tt Is not pra¢ticable to obtain a valuation of 16.9 F￿* wr8umm•ryirf t*ril•W •$8018 201$ a)14 2013 2012 20t1 Purchases GroLpA Don*bOnS (>(wp B (knpc Total addrfio Charge lor impairn*nt Grwp A Group G￿pc Total ¢lwyo lorim￿lI￿nE Dtsptsal$ GroupA. ¢8niiro •YwJJrrt Group B.carryirva an￿nt Group C Totsl ￿￿Posal& CC174 (E￿) Section C Notes to the accounts Iconll Note 17 Investment assets Please complete thls note Mthe charfty has anyInvest￿a$SOts. 17.1 Fixed assets investments Iplease provide for each class of inve51mentl Calh & Gash equlvale*its Lisw So¢ial Carrying Ilairl value at t*ginning of period Add.. additions to investments during period. Less.. disp)sals at carrying value Le$s'. impaifments Add.. Revèrsal of impaimiÈnts Addlldeductl- transfer inlltyjtl in the period Addlldeduct}: net gainlllos51 on revaluation Carrying Ilairl value at end of year 'Plea5e spècify additions resulting from acquisitions through buslness coMbIna￿On$. If any. Please note that Falf Valuo in this contextis the amount forwhi¢h an assetcould be exchangedbelween knowlèdgeablè and willingparties in an arms length transaction. Fortradedsecurtdes, the falrvalue Is the valve of the secu17ty qvotedon the London Stoc1( E¥¢hang• Dally OllkialLtst or•qulval•nL For othvassèts where there is no marttetwFGe on a trad￿ma￿e£ Itts the tnts1￿.0fvalU•l¥'bè$t •stimat• of fdffrvalu 17.2 Please provide a breakdown of investh)ents shown alx>ve agrt•ing with the balaneè shèèt row 804 differentiating between thosè held atfairvalue and Iho8e held at cost less impalm￿rt Analysis of investments Fair value atyearend Cost less impairment Cash or cash equivalents Llstod InVestm￿lts Investhient properties Soclal Investments Other in￿StM￿nts Total Grand total IFair value at year end+Cost less impalrment) 17.3 If your charity holds invastmont propertles. please Complete the following note: lil Explain the methods ar￿ Signifi￿nt assumptions in detemiining the falr value of investment property held by the charity 17a (Exttll 1810812021 lill Name or indèpèndent valuer. rfappllcable. and relevant qualificatfior liiil Provide details of any reS￿ctIonS on the ability to realist invÈ5tment property or on the remittance of ineom• or disposal proceeds livl Explain any Contractual obligattons forthe purchase, tonstructlon or development of investmènt property or for Tepairs. malntenance or ènhaneemènts 17.4 Please provide a breakdown of current asset investments. rf applicable. agreeing with the balance sheet. Analysis of current asset investments This y*ar Cash or cash equivalents Listed investments Inve81ment properbes Soctal investrnents Other investments Total 17.5 Guarantees Please provlde detalls and amount of aoy guarantse made to OT on behalf of a third party Name of the enllty or entitiès benefftling those guarantees Please explain how the guarnntee lurth•rs the charity's aims 17.6 Concessionary loans Th18 year Lastyear Amount of coneesslonary loans made (Muftiple loans made maybe disclosedln aggregateproviiled thatsuch aggr8gatson ¢Yoes notobscurp significant This year Last year Amount of coneessianary loans received (Alulrtlple loans recelvedmay be disclosedin Hggrega18 pmvidÈd thatsuch aggregation does notobscurt $ignrficant informafyon). Tolal Temis and condltlon$ •g interest rate. securlty provlded CC17a IExcell Im021 Value of any concessionary loans which have been commttte(I but not taken up at thè reporttng date Amounts payable within 1 year Amounts payable after more than 1 year Amounts receivablfr withln l year Amounts recelvable after rn0￿ than 1 y•ar 17.7 Additional infomiatlon Please provldè rnforniation about the signincan of investments to thè charity's financial posrlion or performance eg. temis and eondittons of loans or the ustr of he(Iging to manage financlal rr8 For all Investments measured at lair value, the basls for detem)ining thè value. including any assumptions appli•d when u51ng # valuation technique. Whère a charity or tts 8ubsidiory has pmvided rinancial assets as a fomi of security, the carrylng amount of the financlal asset pledged as securfty and the terms and conditions felats.ng to its ptedge. CC17a (Excell 1PA08r2021 Section C Notes to the accounts Note 18 Stocks Please complete this note rf the Charity holds any stock items 18.1 Please stste the carrying amount of stock and work in progress analysed between activities. Stock Donated goods Work In pn)gre85 For For resale For For resale Charitable acttvities: Opening 2,184 Added in period Expensed in period Impaired Closing 2.184 Other trading activities: Opening Added in period Expensed in period Impaired Closing Other". Opening Added in peri¢)d Expensed In period Impaired Closing Total this year Total previous year 18.2 Please specify the carying amount of any stocks pledged as security for liabilities CC17a {Excel) 1810812021 Section C Notes to the accounts Icontl Note 19 Debtors and prepayments Please complete this note rf the charity has any debtors orprepaymen 19.1 Analysis of debtors This year Last year Trade debtors 186,913 12.353 13,000 3,553 Prepayments and accrued income Other debtors Total 199,266 16,553 Complete 19.2 where a material debtor is recoverable more than a year after the reportsng date. 19.2 Dlsclosure of debtors recoverable in more than 1 year (included in debtors above) This year Last year Trade debtors Prepayments and accrued income Other debtors Total CC17a (EX￿1) 1810812021 Section C Notes to the accounts Icontl Nots 20 Creditors and accruals Please complete this note if the Charity has any creditor5 oraccruals. 20.1 Analysis of creditors Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Accruals for grants payable Bank loans 50,000 Trustee Loans Trade creditors Payments received on account for contracts or perfomiance-related grants Accruals and deferred income Taxation and social security Other creditors - Deposits 52.892 16,252 1,000 53. Total .252 ,00 20.2 Deferred income Please Complete this note rf the charty has deferred income. Please ex lain the reasons wh income Is deferred. Movement in deferred income account This year Last year Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period CC17a {Excell IW0812021 Section C Notes to the accounts Note 21 Provisions for liabilities and charges You should complete this note rfyou have includedin the charity expenditure anypmvisions. A provision is made when the charity has a liability of uncertain timing or amoun 21.1 Please provide: - a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments; - an indication of the uncertainties about the amount or timing of those outfiows." and - the amount of any expected reimbursemen( stating the amount of any asset that has been recognised for that expected reimbursement (cont) 21.2 Movements in recognised provisions and funding commitment during the period Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period This year Last year 21.3 For any funding commiknent that is not recognised as a liability or provision. provide details of commitment made, the time frame of that commitment, any perfomiance-related conditions and details of how the commitmènt will be funded (with contracts for capital expenditure separately identified).. 21.4 Where unrestricted funds have been designated to a fund commiiknen( please disclose the nature of any amounts designated and the likely timing of that expenditure. CC17a {Excel) 1810812021 Section C Notes to the accounts {cont} Note 22 Other disclosures for debtors. creditors and other basic financial instruments 22.1 Please provide inforniation about the significance of financial instruments leg. debtors, creditors. investments etc) to the charity's financial position or perfomianco. for example, the temis and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a fom7 of security, the carrying amount of the financial assets pledged as security and the tenns and conditions related to its pledge should be given here. CC17a (Excel} 1810812021 Section C Notes to the accounts {contl Note 24 Cash at bank and in hand This year Last year Short temi cash investments (less than 3 months maturity date) Short tenn deposits Cash at bank and on hand Other Total 201,848 250,940 CC17a {Ex¢ell 1810812021 Section C Notes to the accounts {contl Note 25 Fair value of assets and liabilities 25.1 Please provide details of the charity's exposure to credit risk {the risk of incurring a loss due to a debtor not paying what is owed) . liquidity risk Ithe risk of not being able to meet short temi financial demands) and market risk (the risk that the value of an investrnent will fall due to changes in the market) arising from financial instruments to which the Charity is exposed at the end of the reporting period and explain how the charity manages those rlsks. The Char￿eS onty risk is in relation to eredil risk which is monrtored and reviewed regulaty. 25.2 Please give details of the amount of Change in the fair value of basic financial instNments {debtors, credito￿, investments (see section 11. FRS102 SORP}} measured at fair value through the SOFA that is attributable to changes in Credit risk. CC17a (Excel) 1810812021 Section C Notes to the accounts (con Note 26 Events after the end of the reporting period Please complete this note where events (not requiring adjustment to the accounts) have occurred after the end of the repo￿n9 period but before the accounts are authorised which relate to conditions that amse after the end of the reporting period. Please provide details of the nature of the event Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made CC17a (Excel) 1810812021 1111111111 1111111111 1111111111 111111111 1111111111 1111111111 1111111111 1111111111 1111111111 111111111 111111111 1111111111 Section C Notes to the accounts {contl Note 27 Charity funds (cont) 27.3 Transfers between funds Reason for transfer and where endowment is converted to Income, legal power for its conversion Amount Between unrestricted and restricted funds Insufficient funds 1,606 Be￿een endowment and restricted funds Between endowment and unrestricted funds 27.4 Designated funds Planned use Purpose of the designation Amount CC17a {Excell 1810812021 Section C Notes to the accounts (cont Note 28 Transactions with trust¢es and related parties If the chaiyty has anY￿￿s?¢110nS with relatedparties (olher thaft Ihe Irustoe ewses explainedin guidaftce notes) defatls of stxh t￿nsaCtionS shouldbepmvidedln Ihts note. pknse e1rfer-Tn￿-ln the lJoxor"False-rfthere ar8 trdnsactions to r8POrt 28.1 Trustee remunerabon and bÈr¥efits Non¢ ofthè trustees have 13een paid any rErnunertion or received any oth8r beneffts fr(th an emp1tyffj￿tt*Allh their Chartty or a ￿lat¢￿ ¢ntity ITru* Ix Falsel FALSE In theperiod Ihe ¢harityhas ￿ld Iruslees rEmunerdtson 8￿db￿efjt* Please give theamountof. and legalatsthwityfor. any remufr7eration orotherbenefits pald to a tryst¢¢ bythe charityoranyinstituiion orcompanycoftnected with it Amourts pald or benefftvalue Last year Logal authortty leg order. govemlng docurnert) Pertsion Redundanty {induding TOTAL grati8 Mr S Dhillon 12,5( 11.039 ution Baord Minutes Miss J Oaly 25.fKKI 25,000 Please give details of WhYremurte￿lOft or (rftser ernploymentbeneffts werepald. Annual salary for runniThJ of sch)ol OFerats"o provlde an explanalion of thenaknp rjf Ifvepaym￿L Ifa thirdpartyhas be8n relmbursed forpm￿￿ one or more trustees. state the nature ofthepaymemand of the re1Mbu￿erne￿L are accruing underè defin￿contribu11on wslon schemo. 28.2 Trustees. expenses Ifthe Charityhas￿id tri￿ aYp8nses theirdufye4 ￿E￿"1S ofsuch lrnysaelions s1￿￿1dbePrOVIded*n ftote. there 8re no tsnsactions to please enter-fn￿-1rt the baxbelow. Mthereare transactlons to report pkne enter"Falsè-. No trusiae expenses have l)een in¢urred or False) Thi5 yoar Travel Subslstsnce Accornmodatyon Other (please specifyl- TOTAL CC178 IEKcel) 18h)8tt021 Please provide the number of trEtsiees fEYTnb4rrsed for expenses orwho had expense5 paid by the charity 28.3 Transaction(sl with related parties Please glve detalls of atryy￿n$*lQD undertaken by{oron behalf ofj Ihe eharityift whith a relatedparty hasa materiallnterps including where funds have been heldas rorretsttdparties. If Uwe are no such ￿￿$8¢1￿0￿$. please enter I￿￿'1n the box provided. Thère havè been no relèted party transactIor￿ In the reptybng Fjeriod ITn* or Falsel FALSE Amourts written off during repwting NamÈ of the tnstee or related party Relationship to charity Descr6ptfion otthe Arno￿￿ Balance at Provision for bad debls 0¢ period end SchLX)I buikJiTvJ5 d by S Dhflk)n and rents paKI to hirn at maFketvalue or Mr S Dhillon temls and conditions. includinganysecurttyandthÈ nature of anypayment{¢t)nsiderntion) lo beprovldedin settlemenL Forany relat8dparty. pleasepmvid¢ I￿"ts ofany guarantees given orreceived. CC17a IExo41 1P4Om1 Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following are signfficant matters which are not covered in other notes and neod to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheeL Oak Heights School Ltd was incorporated on 21 D￿mber 2006 and applied for chattty status with the Charity Commission soon thereafter. The company was given charity status Imth effect from 4 October 2007. The School is growng wi(h more students registering each year and this should ensure the School will be operating suc￿SsfUllY and within budget over the next few years. Mr S Dhillon who is the Trustee and Principal of Oak He￿hts School Ltd has committed full time into the running and management of the school. Mr S Dhillon loaned the company the sum of £50,000 to purchase the business as a going wncern, and todate the amount outstanding as trustee loan to him is NIL as in December 2018 Mr S Dhillon withdrew his balan￿ in full (yle 3118118 balance was £26,521). Mr S Dhillon is urrently remunerated at a rate of £12.500 per annum for his semces and be reimbursed for any loans given to the School when appropriate. This figure is a￿pted as a reduced rate for the role that typically commands a higher salary being £40.000 plus during the start up stages until the School is fully financially established. Mr S Dhillon accepts that his salary may be delayed until such funds are available. Mr S Dhillon will abide by the tenns of a contract during his ts.me as Principal. and be regulated by the Trust Body at all stages of the critical decision making. He will report to meetings where he will be required lo discuss and justify various decisions. all of which will be documented in the minutes. The Trust Body will act periodically to identify and evaluate Mr S Dhillon's suitabilty to the post as Principal to ensure stsndards are maintained at all times. The Trust Body agrees to act Wtth him to ensure that the School and its members are provided for in the best manner possible. Covid-19 caused unprecedented disruption which closed all schools in England. Oak Heights school quickly moved to remote leaming during the national lockdown. The lockdown had a massive impact on our parents who *Ere eiiher self employed, ran businesses or were employed and as a resutt of this most parents were not able to pay school fees on time. Due to this our trade debtors was high. As we come out of the pandemic the school will now continue chasing school fees. CC17a (Excel)