Chai'ity Registratioi) No. 1121069 Company Registered No. 06036053 (EJiglai)d and Wales) Oak Hei hts Scliool Limited Tiwstees, Re ort aiid Fii)ancial Siatemeiits For th¢ Accountin Year I Se tejnbei, 2023 to 31 Au list 2024 CON'I'EN"I'S Legal aiid Administi'ative Inforination 'I"riistees' Repoit Independent Exaininer's Report Stateineiit of Fiiiaiicial Activilies Balaiice Sliect Notes to the Financial Staleiiients Oak Heiglits Scliool Ltd Ti'ustces Mr S Dhilloii (ChaimiaT7 Trustee ) (appoiiiled 22112106) Mi- K Saiidliii (appi)Illted 3115113) Miss J Daly (appoiiited 3115113) Govei'iiiiig Docutncnt & Coiistiliitioii Declai'ation of Trust dated 22112106 Chai'ity Nliinber 1121069 Cliic I'ity Office 3 Red Lion Court Alexaiidra Road Houn.slow Middlesex TW3 IJS Iiidepelideiit Fxaiii inei. Chesliains Accoiiiitaiits Ltd 16 Neals Cornei. 2 Bath Road Houiislow Middlescx TW33HJ ALLOLllltants Malkit NI￿er TIA MSN Ac¢oiiiitiiig 66 Violei Avenue Uxbrid&i¢ Middlcscx UB8 3PS Baiikei's Lloyds Bank pl¢ 25 Grcshajn Street Loiidon EC2V 7HN Triistees Re oi't I Trust Ob'ectives and Overview Tlie Ti'iistees PiEsenl their report witli the financial statements of the cl)arity foi- tlie year I Septembei. 2023 to 31 Augiist 2024 ai)d confIim they Comply with the irquirements of the Charities Act 2011, the trLlSt deed/aiticl¢ of association and tlie Charities SORP (FRS 102). Oak Heights School Ltd was set up to provide educatioi) and social activities to cliildi'eii at senior level. I'he Scliool is located in Houiislow Ceiiti?I, West London and provides scliooling at GCSE level. Adinission is by academic s¢lectioii and pir-testing. The school orientates its prograinme aiouiid developnient towai'ds careeis wliicli in¢liide banking, Law. Accountancy. Medicine, aiid Busiiiess, The school has created a woiiderful environjneiit for learniiig aiid reacl)ed exceptioi)al stajidards in its endeavoiii's to pi'ovide higli standard of ediication. As of I st Januaiy 2025. new government legislation introduced Value Added Tax (VAT) on all private school fees ai)d services. Additionally, froin 151 April 2025 charitable Arlief oli biisiness rates is i)0 loiigei. applicable to independent schools. Tliese legislative clianges liave collectively iinposed a significaiit financial biiixleii oil indepeiident educational institutions i)atioi)wide. Due to ongoing ecoiiomic tiistability, the school is experlencing lower enrolment niimbers. with some students leaviiig diii'iiig the academic yeai. as a resiilt of these challenges. Like Inany private schools, we are iiow faciiig increased diificiilties iii meetlng our day-to-day operational costs wliile continiiing to iiphold Ilie lii81) stai)dards of education, facilities, and pasloral cair tl)at oiii. coininiinity expects and deserves. Mr Dhilloii contiiiiies to seive as a key figure of tlie school. TJThstees Re Ort2 TRUSTEES Mr S Dhillon Mr Kulveer Sandliu {appointed 311512013) Miss Josephine Daly (appointed 311512013) OBJECTIVCS 71ie ti'ust's objectiv¢s al'e: l. To ei)coiirag¢ social developii)ent and pi-ovide ediication Éo childi'en in Middlesex, iii suppoit of Ilie National Ciiii'iciiliiin. 2. To provide or assist in the provisioji of facilities fow recj'ealton ai)d otlier leisure time occupation in the intei-ests of social welfare with the objecl of iinpiDving tlie coi)ditions of life of th¢ bcneficiai'ies. Asset covei. foi. fiinds The assets of the ljiist meet th¢ chaiity's obligations on a fund by fund basis. ReSc￿eS Polic The Ti'iist¢¢s have examined the reqiiirement for free Irscrves wliicli are thos¢ unrestricted funds not invested lli fixed assets. It is the policy ot. tl)e cliai'ity to maintain fire reserves at a level considered adeqiiate to provide siifficient fiiiids for appi'oxiinRtely two months uni'esti'icted expenditsire to eovei, cost of the activities for charitable objectives and maiiagejnent and administration costs. Risk Mai)a ement I'he Ti'iistees have IEvi¢wed the affairs of tlie Chai'ity and acknowledge that their aiE sigiiificant sti'ategic, fiiiancial, and operational risks arising from th¢ introdiictioii of legislative clianges affectin8 private scliools. Statement of ii'iistees, I'es sibilities Tlie ti'iistees al'e reqiiired iindei. the law applicable to charities iii England and Wales to prepare financial statements for eacli financial y¢ar wbich give a tnie aiid fail. view of tlie state of the chai'ity's financial activities during tlie year and of its fiiiancial position at the end of tlie year. In pirpai'ing tliese accounts, thc tnistees are reqiiired to: a) Select siiitabl¢ accounting policies and apply them consistejitly. b) Make jiidgements and estimates that are reasonablc and priident. c) State whetli¢r appl icable accouiiting slandards and slateinents of re¢oInmended practice have be¢n followed, subject to ai)y departures disclosed and explained in tlie financial statements. d) Pr¢paiE tlie financial statcinents on a going concern basis unless it is inappropriate to presume tliat the cliai'ity will coiitiniie in opeJ?tion. Tlie Ii'uste¢s al'e Irsponsible foi. keeping accoiiiiting rccords wliicli disclose witli rea8oJiable accui-acy at any iiine Ilie fiiiancial positit)i) of tlie charity and wliicli cnable tliem to ensure tliat the finaiicial stateineiits coinply witli tlie Cliarities Act 201 l . They ah"e also Irsponsible for safeguarding tlie assets of tlie cliai'ity aiid lieiice for takiiig reasoi)able steps for the preventioii aiid detection of fraud and othei. ii'i'egLilarities. TrLlStees Report Ai)pi'oved Tliis iiport was approved by tlie ti-listees on '￿" aiid is signed on theii. behalf by: Mi. S Dlii Ilon (Trustee) CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts S¢Gtion A Indepehdent Examiner's Report Report to the trusteesl members of Oak14eights School Ltd On accounts for the year ended 1 September 2023 to 31 August 2024 Charity no (if any) 1121069 Set out on pages 1-45 I report to the Irustees on my examination of the accounts of the above charity ("the Trust.) for the year ended 3110812024. As thr¥ charity's trustees, you are responsible for the preparation of the accGI Ints in accordantse witn ttie requirements of tb,e Chariti6s Act 2011 ("the ,Ict"). Responslblllties and basiii of report I report in respect of niy examination of the Trust's accounts carried out undei section 145 of tiie 2011 Act and iii carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent IThe charity's gross income ex￿eded £250,000 and l am qualified to examiner's statement undeitake the examinalion by being a qualified member of Association of Chartered Certrfied Accountants, United Kingdom. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe thal in, any material respf ct.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did riot accord wilh the accounting records. or thp, accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this reporl in or(ler to enable a proper understanding of the accounts to be reached. Pledse delete the words in the brackets if they do not apply. Signed: Date: Name: Ashok. C. Cheriyan Relevant professional qualification(s) or body (if any): FCCA IER Oct 2018 Address: Cheslianis Accountants Ltd 16 Neals Corner, 2 Bath Road Hounslow, Middlesex, TW3 3HJ Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018 C,'lThcTrE-iLI No I'.•￿1 )",_Ii'iv No .112.1 or)i) Annual accounts for the To eriod Period end date Period start dale 0110912023 3110812024 Section A Statement of financial activities (including summary income and expenditure account) Restrlcted income funds Unrestricted funds Endowmènt funds Prior year funds Recommended categori86 by activity Total funds Income (Note 3) Income and endowments from: Donations and leg8Gies Charitable aclivilies Olher trading acllvilies Inveslmenls F01 F02 F03 F04 F05 S01 S02 358,677 358,677 447,607 S03 S04 3,085 Separate material Ilem of Income S05 Olher Total Expenditure (Notes 6) Expei)ditiire on: Raislng funds Charitabl8 aclivilies S06 10,349 369,026 10,349 369,026 S07 450,692 422,612. 422612 466,310 S8parale maleii81 exper)se iiem Other- Govein8n¢e Costs sio S11 5,397 428,009 5,397 428,009 4,914 471,224 Total S12 Net incomel{expendlture) before tax for the reporting period Tax payable Net incomel(expenditure) after tax before investment gainsl(losses) S13 58.983 58,983 20,532 S14 S15 58,983 58,983 20,532 Nel gainslllossesl on invesltllenls S16 Net incomel(expenditure) Extraordinary items Transfers between funds Other recognised gains1{losses): S17 58.983 58,983 20,532 S18 S19 Gaiiis and losses on revaluation ol fixed assets for Ihe chaiily's own use Other gainslllosses) Net movement in funds S20 S21 S22 58.983 58,983 20,532 Reconciliation of funds.. Total funds broughl lorward S23 204.585 145,u02 204.585 145,602 225,117 204,585 Total funds carried forward S24 112'10b¥J olpi60JJ Section B Balance sheet Rèstrleted Unr•strICt￿ Incoffle funds funrjs Endowment Total th18 funds year Totsl last year Fixed assets Inlangible assets Tangible assets Hgfitagè assets Investments F01 3,500 2.257 F02 F03 F04 3,500 2,257 F05 5,250 3,010 {Note 15) {Note 141 {Note 161 {Notè 171 Total flxèd assets B02 5.757 5,757 8,260 Current assets Stocks Debtors Investments (Note 181 (Note 19) (Nots 17.4) 2.184 110.715 116,816 116.816 cash at bank and In hand {Note 24} Total Cur￿n( assets 120.152 236.968 120,152 236,96 164,349 277,248 BID Credltors: amounts lalllng duo Withiik one ygar (Noté 201 78.860 78.860 52.639 N•t ¢urrent asse¢￿1114blllt1esJ 8t2 15 224,609 Total assets less current Ilabllltles B13 232,869 Creditors: amounts falling due after one ygar (Not¢ 201 Provisions for liabllltles 18,263 18.263 28,284 515 Total net assets or liabllitle$ Funds of the Charity Endowment funds INoto 271 Restricted incomo funds (Not• 27> Unrestrlcted lunds 816 145,602 145,602 204,585 B17 B19 145,602 145,602 204,585 Revaluatlon rgBervo Falr value rg80rvo B20 B21 Tot•1 lund$ B?2 45.602 45, 204.585 Thè company was entltled ¢0 exemption from audit under$477 01 the Companles Ac12006 rnlatlng to small companles. Thg mombers have not requlred (he company to obtain an audlt In accordance wllh section 476 of the Coffnpanies Act 2006. The dlre¢tors acknowledge their responslthlltles for complylng wlth fhe requirements of Ihe Companles Act wlth respect to accounting r•¢ortls and the preparntlon of accounts. These accounts have been prepared In accordance with the pmvlslons •ppllc•ble to small companles subject to thg small companles reglme and In accordance wllh FRS102 SORP. Signed by one or Irusteesldireclors on ljehall of an the trustee5ldi￿1or￿ Dale of 8pproval ddlrnml Piinl Name Signalui& ol dlrector authenbcating accounts being senl to Componles House Sign Date ddlmm ure o orfi -J Print name CC17a (Excell Section C Notes to the accou.'its Note 1 Basis of preparation Thls section should be completed by all charltles. 1.1 Basis of accounting These accounts have been prepared under the historical cosl convention with items recognised at cost or Irans8clion value unless othe￿iSe slated in the relevant r￿le(sI lo these accounts. The accounts have been prepaied in accordar)ce with". the Statement of Recommended Pradice.. Accounting and Reporting by Charities pieparing Iheir accounts in accordance with the Financial Reporting Standard 8pplicabtg in the UK and RepubliL of IreL8nd {FRS 102) issued on 16 July 2014 and with. and wilh. Ihe Finanr.ial Reporting Standard applicable in the United Kingdom and Republic ol Ireland IFRS 102) and with the Charities Act 2011. -rhe charity conslilutes a public benE.Iil entity as d8fined by I'RS 102.. .Tlck a8 appropriatè 1.2 Golng concern If thère are materlal uncertalnties i'elated to evénts or condlllons that casi slgnilicant doubt on the charity's abllity to ¢ontlnue as a golng coiii.'èrn, please pmvlda tho followlng detalls orstato "Not applicable" If approprlate.. An 8xp18nation as to those factors Ilial support the conclusion that the charity is a going concern., Disclosure of any uncertainties that rnake the going ¢oncern assumption doubtful., Where accounts are not prepared on a going roncern basis, please disclose this f.?cl together with the basis on which the Irublees prepaied the accounts and the reason why Ihe charily is not regarded as a going c<.ficern. 1.3 Change of accountlng poli( li The accounts present a Irue and fail view and no changes have beep. made to Ihe accounting policies adopted in note{ } Yes. -Tlck a4 appropria18 No. Please dlsclose." (i) the nature of the change in acr ?unting pollcy," (li) the reasons why applylng the ,iew accountlng pollcy provides more reliable and more relevant Inforniatlon.. and CC17a IExcel) {iiiJ the amount of the adjustment for each Ilne affectod in the current perlod, each priorperiodpresente(i and tho aggregate amount of the adjustment relating to perlods before thosg presented. 3.44 FRS102 SORP. 1.4 Changes to accounting estlmates No changes to accounting eslimales liave occuired in the reporting period (3.46 FRS102 SORP). Yes. No. -Tick as appfoprlale THERE WERE NO CHANGES Please dlsclose.. (l) the nature of any changes,. (li) the effect of the Change on Inci)me and èxpense or assets and Ilabllltles for the curreiit perlod,. and (Ill) where pra¢tl¢able. the effect olthe change In one or more luture perlods. 1.5 Materlal prlor year errors No material rior ear ror have beltn iderilified in the re Yes. orting peri4)d13.47 FRS102 SORP). No. -T￿k as appfopriate THERE WERE NO EFiRORS Please dls¢lose.' (l) the nature of Ihe prlorperlod ermr,. {11) for each priorperlodpresented in the accounts, the amount of tho correctlon for each account Ilne Ilem affected,. and (111) the amount of the correction i t the beglnning of the earllest pilorperlodpresented in the accounts. CC17a (Excell Notes to the iiccounts Icontl Section C Note 2 Accounilng policies Thls slondaid lffsl ola¢eounling pollcles has béen applied by the charity except lor Ihosg deleted. Where a different oraddlLlonalpollcy fias bgèn adopted then Ihls Is d•ialled in Ihe box below. 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provlde a d95erlpllon of the nature of Èach change In 8CGountlvg pollcy Reconclllatlon of lundsperprevlous GAAP to lunds det8rmi.ned underFRS 102 stsrt of End of perlod peylod Fund balances a8 pr•vlou61y 8iatgd AdJusimenlS.' rund bJlon¢e 8G roststsd Reeonelllallon olnei In¢omrfnel •XJ)endlluroJ perpr•vlous GAAP 10 nOtlncomel(n￿ expendlture) underFRS 102 End of Incomelloxpèndlttsre) 48 prnvloulily Slated Adluslménts.. Prèvlou? pgrlod nel Incomellexpendlturel •8 restated CC17a (Excell Section Notes to thg accounts l¢ontl Note 2 2.2 INCOME Accounting policies Rocounlllon of In¢omè Thèse are tsi Financid Ac&w￿.eS !boFA} wlw)n'. th9 charity b￿￿rnes enlilled to Ihe res￿rceS.. it is more likety Ihan not that the trusteeswill rer•ive the ￿#￿ree$.. Iho monelary ¥a￿e be measvred Iwth suffK(tht ￿1[a￿ty. Ye8. No. Nla. Offsettlng Thwe hès been ￿0￿sell￿¥J ofassgts ￿K1 liatxrrt(*s. or I￿and ex￿￿Se$. unless reoulred or p*mllled by the FRS 102 SORP or FRS 102. Yes. Nl8' Yes. Nla. Grai)ts and donatSonB Grhnts and donallons are induded ￿ Ihe SoFAwh¥n reco9nilion criteria are mei {5.10 10 5.12 FRS102 SORP). No. In Ihe cas8 01 F￿hrManCe rdat&J grants. Ir￿ DXJ8t bg rqcc¥Jnlsed lo the exlenl Ihal the charity has provided Ihe spe￿1&￿ goods Of servKes 8s enb119mènl lo the grant only ¢xGuis when peJlormance related cor**'lions are mel15.16 FRS 102 SORPI. Yes. No" Nla" Legaoes ale in Ihe SOFAvthen rer*ipl lo probobie, Ihal is. when there h8S bEèn giant of probat.. Ihe exe¢uior5 aslabllqhed thai there are sufficwjnl 85yeta in Ihe estate and anyry)dilions atlathed to Ihe I￿JacY are dthei ¥4ilM th8 control of the thatity Of have be￿ Inet. Logacles Ye8. No. Nla. Yes. Government grant• The chadty has reco.1￿d goveinmenl oranls th Ihè rep￿l￿g p8ric¥J Gift Ahl recelv8ble16 Indud￿l itwme when Ibe￿ is 8 V81hJ dectsr*ion fffom Ihe dLMOr. Any Gift Akl am0￿1 re¢overed on a i*)nabon Ss con61deted lo be part of Ihaloift and 1$ treated as an athllbi)n lo Ihe 5am8 fvnd 38 InllS8l dcffj8¥un unless the donor sylhe term8 01 lh• apwl ha¥e spedf*d Other*1￿. Tax rtelalms on dongtlons gnd g1118 Ye8. No. NIB. Contra¢tual Incomo ¥nd Thls Is oty Included in th8 SOFA orth thè d￿ty h•$ provided ihe thied pertormance r¢lated 68rvlces or th& perf￿rnanCe relat￿ Condi￿011$. 9ranl$ Yes. No. Nla" Y8S' No. Nl8' Oonated goodg Donated gc#)ds ar• ni•asu(ed 811ali vaje It￿. 8moun¢ forwmh th8 a￿etrA)Uld be exehangédl unl•ss Impracthal lodo ao. The cost ol ol goods dcthaled for iJ$ifityJbon to benefiaarips is deÈméd lo bè the f81r valL*e of Ihosegifts at Ihe lime oftheiJ reeelpi and Ih6y we iecogntsed or. rÈtèlpt. In Ih8 ieporung peii(*J In wh￿h the sl(Kks alè (h'stritmjied. Iheygre r￿gnised as An expense al the cairykng ainounlof th8 siock8 at thi￿t￿l￿)n. Yes, No. Nla. Donated go)ds lof i.4aL 8rtt n*8sured ai thir vAlue C￿ Inilldl reu￿nity"0n. whlch is Ih expected proceeds 110rn Sale less Ihe expècied coslsol sale, and reco9nls&l In'l￿OrnI liom other Iradiro adivities, with Ihe c(xie8ponduig ￿tsek recognisod in ￿. balance sheet. On its sale value olslock is charged againsi'kncome ftom othw Iradipg a¢ti¥ib¢8' afid pioeeeds Irorn sale are also rewi8ed ￿ Inctsm• froni other iradlng actmlres,. Yes. Nla. Goods donaled lor use by the charl* are fecognlsed Js ftterf aJ#èls and in¢lua¢d Ihe SOFA 0$ Incoming resources %then rece￿a￿e. Yes. No" Nla. Glfls 5n kmd fw use tythgtharity in Ilie SOFA as froni donations wl*n ￿￿able. Yes. No. Nla. Donot8d gervlces and Donaled 5etvites facilib"e5 are in￿de0 in the SOFAwh8n raceived at the y￿ue or the gift 10 the charily priMdEd tho value of IhÈ91ft can bli measure(J ￿lIab￿. Yes. No. Nla. t)onaled services and facilitie5 that ar6 consumed Immediatety ale re(x)gnls&J as Income W￿th an Équivalent ￿lo￿nI re(x)gnis8d as an exFiense under Ihe appropri&ie hethg Ihg SOFA. Yes. No. Nla. Yes. No" Nla. Support cost5 The charity has inalfi￿ expeNJilure ￿ ￿P[￿rt CGS Yes. No" Nla. Volunteer help The value cl any Vol￿tsry WJ received i8 inchJd8d li Ihe but K4 descilbed Ihe truslees, anrwjal report. Income Irom ioterest. This 15 indLvJed in a(tswTrts tw>1 is Drcl>abk am¢uml i?c&vable Yes. Nla. CC17 FRS 102 SORP royaltles and dlvldends In¢ome from membership meMb￿b>p Subscr4￿)￿)￿$ recthd ui nahwe of a gi(Iwe recognL8&J ID Oonal¥xis sub8¢rlptlons and Legwies. Membership subsc(jbThl￿ns whith gives a member the right io buy servtce&or oV*r benefrts aTe le￿￿,...￿ as i￿ome eaineil fr(ffi) Ihe WOVISIW of ooods afKI se￿CeS as incorr* from th#Th￿Ie actsvibe& InswarKe claims are onw IT￿￿je{l in wAWh￿ Ihe gwer81 income reugDilion uilefia are met15.10 to 5.12 FRS102 SORP) are bl￿ded asan il8m ofolher Incorne in the SOFA. Th15 indudes anyrealised Wwtealised gains of10s8e& w Ihe salo ol in¥e81m8nts aNI any gain or loss reSul￿ng Irom revaluiry kn¥estrKnts ky maikel v8hJe at the ènd of the yeai. be meaBured ￿liab￿. Yes. No. Nlè- Yes. No" Nl8" No. Nla, Settlèmènt of Insurance ¢1olmB Yes. Yes. Nla. Investment galns an loss88 2.3 EXPENDITURE AND LIABILITIES Liabiliue5 are (ecognlseil w￿? it ￿ fflc￿ l*ety than r￿t that Iheie 18 8 ko&l or Llablllty recoghltloTh constr￿￿¥* obliuatsiin cornrnlibng the chawity lo pay out ￿50￿[ce$ and Ihe amount of the obligation can be rneasured W￿1h rea￿8b￿ cèrtainty. Gov8rn8n¢e 8nd support Supwrt costs have been 811ocaied ctsts arwj ￿her supporl. costs Gov8rnapee costs ciwnpiisé all cosls h)vd¥lng Nt>k*0)fftta￿1itY0( the tharity and ils compllance wllh iegula￿On and 9Lt4J pract￿e. Svpp)rt cosls kndude c*nlr81 fun¢W￿$ and have been 8llcthW to activlty (J)$t categofles on a basi? C￿&stent vllh the use of resource5, e9 3llrJ¢8ting piupwty cnyts by area8. 0( w capila. $4fi¢osts by the time spenl and olher eosts by thelr u58g•. Ye5. Nl8' Yes. Nla. Yes" No. Nl8' Grants wilh perform&nee Where the thaTity 914￿ a gT8nt ¥￿1h ¢￿￿tionS for its pa'JmeTit being a specific of condlllong servte or output lo rje priwmlad, such granb ar•OnlY￿￿gr11Sed in the SOFA 0￿e the reciplent ol lh• 9￿￿t.haS pro￿￿ Ih6 spea1￿ 8er¥i¢h Noulplrt. Where there we no Cl￿di1￿￿3 attathin9 10 Ihe Ihal enables the donN d￿rity10 iealls1ScalW ave*J C￿lm￿l, a li?t*hty I&T tha lull I￿thng obligaODn must bÈ ieccgnlsed. Ye8, Nla, Grant¥ payablè wlthoul perfoimaDGe condllloni Y68, No. Nla. Y83, Nla, Redundancy co$1 The charity mad9 no pWffl￿ts durfryd Ihe rep￿￿￿9 ￿0d. Yes. No. Nla. Deferred Income No materfol item oldolerFed incryne has been I￿Ud￿j In lh• 8C4>)unts. The ¢h8rlty has crethkrfSW￿ are at settkrmii any tiade dlscounll A liabillly is mg8sured on iecJJgnilknn al 18 hl$t¢rfiC81 co6t And Ih8n subsequ8nUy rne8sured al lh¢ be￿ esliff.ate ol Ihe amount requlred ts A￿Ue the obligation at the reporting date The ¢h8rity acwinl$ lor baslc finantyal iThslrum¢nts on 1n1li￿ recognivth) as per par8graph 10.7 FRtillY2 SORP. Subsequenl rneasuremenl is as pei wawaphs 11.17 11.19, FRS102 SORP No. Nla. Credltora Ye5. No. Nla. ProvlBlonB lor Il•blllll•8 Baslc Ilnanelal In8lrum&nl5 Yes. No. Nla. 2.4 ASSETS Targlblg Il¥ed a580ts lor These are •laliiwJ il IheyGan bèused m￿8 yO8r. xnd c481 al leasl use by ¢harlty No. Nla. They a￿ valued alCOSI. The Section C Notes to the accounts Note 12 Defined contribution pension schemè or defined benefit scheme accounted for as a defined contribution scheme. (cont) 12. 1 Please complete this nota if a deflned contribution pension schéme 15 operated. 2024.. £2,660 (2023.. £3.578) Amount of contributions recognised in the SOFA as an expense Please explain the basis for allocating the liability and expense of defined Gontribution pension scheme betwèen actlvitles and between restricted and unrestriGted funds. 12.2 Please complete this section where the charlty partlclpates In a delined beneflt pension plan but Is unable to ascertaln Its share of the underlylng assets and Ilabilitles. Please confirm that although the Scheme is accounted for as a dèflned contribution plan, it is a defined bènefit plan. Please provlde such information as is available about the plan's surplus or deficit and the implieatlons, if any, for the reporting charlty All staff costs classifled as unresfrlcted charltable activltes. 12.3 Please complete this sectlon where the charity participates In a multl-•inployer deflned beneflt pension plan that is accounted for as a deflned contrlbution plan. Descrlbg the extent to which the charlty can be liable to the plan for olher entitles, obligations undgr the terms and Conditions of the multl-gmployer plan Explaln how any Ilabllity arising from an agreément wlth a multl-employer plan to fund a deficit has been determined. CC17a IExcel) Section C Notes to the accounts (cont) Note 13 Grantmaking Please complete this note if the charlty made any grants or donatlons whlch in aggregate form a material part of the charitable actlvltles undertaken. 13.1 Analysis of grants paid Ilncluded in cost of charltsble actI￿tIes1 Grants to Gran18 to In$titutlon8 tndivlduals Analysls Support Costs Totsl Not ap licable Total Please enter "Nii" Ir the charlty does not identlfy and/or allocate support costs. 13,2 Grants made to Instltutlons My charity ha5 made grants to particular Institutlons that are matèrlal In the contoxt of Its grantmaklng. Details of the Inslitutlon supported, purpos8 of the grant and total pald to each Instltutlon Is avallable on the charlty s web slte. Please provide detalls of charlty's URL. Provlde dotalls below Ye$ No Tolal amount of rants aid£ Names of Institutlon Purpose Total grants to instltutions in reportlng pèrlod Othor unanalysed grants TOTAL GRANTS PAID CC179 IExcel} Section C Notes to the accouiits {cont Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Totsl At the beginning of the year Additions Revaluations Disposals Transfers ' At end of the year 34,454 34,454 34,454 34,454 14.2 Depreclation and impairments 'Basis SLorRB SLorRB straight Line( SL ) or Reducing Balance ("RB ) SLorRB SLorRB RB Rate At beginning of the year Disposals 31,444 31,444 753 753 Depreciation Impairment Transfers. At end of the year 32,197 32,197 14.3 Net book value Net book value at the beginning of the year Net book value at the end of the year 3,010 3,010 2,257 2,257 CC17a (Excel) 14.4 Impairment Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 14.5 Revaluation If an accounting policy of revaluation is adopted, lease rovide.. the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significanl assumptions the carrying amount that would have been recognised had the assets been carried under the cost model. 14.6 Other dlsclosures (i) Please state the amount of bormwing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (li) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities. The "transfers" row is lor movement., between fixed asset Gategories. . Please indicate the method of deprec'iafion by deleting the method not CC17a (Excel) Section C Notes to the accounts Note15 Intangible assets Please complete thi5 note if the chority has any Intangiblé assets 15.1 Costorvaluatlon Purchased Goodwill Total 35,0 At beginning ol the vear Additions Disposals Rovalualions Transfers ' At end ofthe year 35,(K)O 35,LYJO 35,OiXJ 15.2 Amortisation and impalrments "Method of SL amortlsatlon SLorRB SLorR8 SLorRB straight Line r'sL") or Reducing Balance "RB" Rate £1.750 Al b89inning of the year Disposals 29,750 29,750 1,750 AmortlS8tion 1,750 Impalrment Transfers, Al end ol year 31,500 31.500 15.3 Net book value Nat book value at the beginning of the year Net book value at the end of the year 5.250 5,250 3.500 3,500 15.4 Accounting pollcy Please dlsclose tho accounting pollcy for intanglble fixed assefs Including." Reasons for chooslng Goodwlll has been amortlsed for a flnlte Ilfe of 20 years amortlsation rates ommenclng December 2006. Pollcies for the rocognltlon of any capital development 15.5 Impalmient Please provide a descrlption ol the events and circumstances that led to the rpcognition or reversal of an impalmjent loss. CC178 (Excell 15.6 Revaluation If an accountlng policy of revaluatlon Is adopted, please provide.. the effectlve date of the ravaluallon the name of Independent valuer, Ilappllcable the methods applled the carrying amount that would have been recognlsed had the assets been carrled under the cost model. 15.7 other dlsclosures (i) If your Intanglble asset was acqulred by way of gran¢, providg value on initial recognltlon and earrylng amount of the asset. (li) Detalls of tha carrying amounts of any intanglble assets to which the charity has restricted title or that are pledgèd as secunty for Ilabllltles. (iii) Please provldo the amount of contractual commltments ftir the acquisition of inianglble assets. (iv) State the amount of research and development expendlture recognlsed as expendlturg in thé year. (v) Please detall the headings in the SOFA In which a charge for amortlsatlon of Intangible asset5 15 included. (vl) For any materlal Intanglble assets, please provide a descrlpllon, Its carrylng amount and any remaliilng amortlsation period. The 'lr8nsf8rs' row is formovements behveen fixed ossel c8fegoiFes. ' Ple&se indiGate rhe fflethod of depreciation by deleting Ihe melhod 170t applicab18 {SL = slr8ight line,. RB = r8ducing b8lanco). Also please indicate Ihe mte of d￿recIali0n.- lor slraighl line, whal is the 8nlicipal8d lile of Ihe asset (ui yews). for reducing b81ance, whal is the perGenlage annual CC17a (Excell Section C Notes to th• aGcounts {¢ontl Nol& 16 Herltage a55&ts Please ¢omplète this notè if the charily has heritage assets 16.1 General disclosureg for all charltles holding heritage assets 11) Explaln tho natur& and scal• of IteTltagg assèts held. lill Explain lh• policy for thè acqulsltion, prese￿allOn, managernent and disposal of hgritage a88bts. 16.2 Cost OT valuatlon Herftaoe asset Hrfltage erftage Asaet H¢rbtage •880t Total Al beginning of Ihe year Addilh)n$ Disposgls RevalualK)rt6 TrafisleJs' Al end of the year 16.3 Depmclallon and Imp8lrm8iits '8asl8 SLWRB SLURB SLorRB Sl. or RB SLorRB Slralght Lin I"SL"l or Reducinll B81ancg Rat• Al beglnnino of the year DIsp0$815 09precialion Impairment TransfeTS' At and ol year 16.4 Net book valu• Nat book value 8t the bègirnlng ol th yeai N81 book value 81 the ol tho year 16.5 Impalrrnent Please provldg a descrlptlon of th• events and¢ircumstances Ihal led to Ibe recognltion or rgversal ol#n Impaiiment lo￿. 18.0 Revaluatlon 8ccounling pollcy of revalugtloii is adopied. plea$• provide.. lh8 effgetlve date of the revaluation th• n8me of Independent Valuer. If appllcablf quallll¢atlons of ￿nd￿enden1 v81u8T the melhods opplled and slgnlfycant &ssumpllons eny slgniflcant Ilmitarttons on the Yalualio 16.7 Analy¥ls ol heritage assets by class or group dlstln9uishing those al ¢osl and those al valuatbon CC178 (Excell At valuati¢)n Group A At ¢08t Group Total Cairying arnount at the bewniThJ of parKKI Additions Disposals D6precialionKimpairment Revalualb Carrying amount 81 the ènd ol p8r•)d 16.8 Herl¢ago as8et$ Iwhgr• harltage a88•ts 810 not recognlsed on tho balance sheet) 111 Explaln the reason why heiltsge assets havg not beon recognlsed on Ihe balanet Sheet. {lil D6scrlbe the 8lunlfl¢an¢? and aturo ol herllage assels. <1111 Dlsclos• Infolmatlon that Is helpful In os8e88lng thè valuè of herila9* a¥$et$. (Ivl Exploln lh• r•a8on why It 1$ no¢ pr8Gtlcable to obtaln o valuatlon of h•rllag• ag8•tO. 16.9 Flve yeor summary ol h¢ri¢agd Ag#at8 tran8a¢tlon8 2024 2023 2022 2021 2020 Purchases Group A Group B Group C Olh8r Donall¢ns Group A Group B Group C Other Total addlllon8 Charge for ImpaSrment Group A Gioup B Group C Olh Total eharg• for lrnpalrrnent Disposal8 Croup A- carrying amount Group B- carrying amount Group C Other Total dlsposo19 CC17a (Excell Section C Notes to the accounts (cont Note 17 Investment assets Pléase complete this note if the charyty has any investment assets. 17.1 Fixed assets Investmenls (please provide for 8ach class of investment) Cash & Cash equival8nts Listed investments Investment prop8rties Soclal investment Other Total Carrying Ilairl value at beginning ol period Add.. additions lo investments during period. Less.. disposals at carrying value Less: Impairments Add: R8ver8al of Impalrmenls Addlldeduct): Iransf8r inl(outl in the poriod Addlldeduct).. nel gainl(lossl on revaluation Carrying Ifairl v81ue al end of year 'Plea8e speclfy addltlons resulting from acqulsltlons through buslne8s comblnatlons, If any. Please note that Falr Value In this context Is ¢he amount for whlch an assot could be oxchanged he￿een knowledgeable and wllllng partles in an arm s length transacllon. For traded securltlgs, the falr valué Is the value ol the securlty quoted on the London Stock Exchange Dally Official Llst or equivalcnt. For other assets wliera there Is no marketprice on a traded market, It Is the tm$fees' or valuers, best estlmate of falr value. 17.2 Please provide a breakdown of Investments shown above agreelng with the balance sheet row B04 differentiallng bètween those held at fair value and those held al cosl less impalmient. Analysis of Investmenis F8lr value at yoar end Cost1o89 Impalrment Cash or cash equlvalents Listed Investments Investment propertles Soclal Investments Other Investments Totsl Grand total {Falr value at year end+Cost less Impalrmenl) 17.3 If your charlty holds investment properties, please complete the following note: {11 Explain thè methods and signlflcant assumptlons in determining the falr value of Investment property held by the charity CC17a (Excel) lil) Name or Independent valuer, if applicable. and relevant qualificatlons liiil Providè details ol any restrlctions on the abilily to realise inve$lmont property or on th remittance of In¢ome or dlsposal proceeds {Ivl Explain any contractual obllgatlon5 for tho purchase, construction or development of investment property or for repalrs, malntenance or enhancements 17.4 Please provide a breakdown of current asset invèslments, if applicable, agreeing wlth the balance sheet. Analysis of current asset investments Thls year Last ygar Cash or cash equivalents Llsted Investments Investment propèrtles Social investments Other Investments Total 17.5 Guarantees Please provlde detalls and amount of any giiarantee made to or on behalf ol a third party Name of the 8ntlty or entitles beneflttlng from those guarantee$ Please explaln how the guarantee furthors tho charlty's alms 17,6 Concessionary loans Oe$crlptlon Th1$ year Last year Amount of conces8ionary loans rnade {Multiple loans made iiiay bg disclosed In aggregate provlded that such aggregallon does not obscure significant Informatlon >. Total Descrlptlon Thls year Last year Amount of concesslonary loans recelved (Mulflple loans recelved may be dlsclosed in aggregate provlded that such aggregallon does not obscu Slgnificant infomiatlon). Total Terms and conditlons eg Interest rate, security provided CC17a (Excell Value of any concossionary loans whlch havo been commllted but not tsk8n up at the reportlng date Amounts payable wlthin 1 year Amount8 payable after more than 1 year Amounts receivable withln 1 year Amount8 recelvablo after more than 1 year 17.7 Additional informatlon Plegse provlde informatlon about the 81gnlllGance of investments to the charity's finan¢lal posltlon or performan¢e eg. terms and condltlons of loans or the use of hedgSng to manage linanclal rlsm. For all investment8 measured at fair value, the basis for determlning the value, includlng any 88$umptlons appllpd when uslng a valuatlon technlque, Where a charlty or its subsldlary has provided financial assets as a form of security, the carrylng amount of the financial asset pledged as security and the terms and condltions relating to its pledge. CC17a (Excel) Section C Notes to the accounts (cont) Note 18 Stocks Please complete this note if the charity holds any stock ilems 18.1 Please state the carrying amount of stock and work in progress analysed between activities. Stock Donated goods Work in progress For For resale For For resale Charitable activities: Opening 2,184 Added in period Expensed in period 2,184 Impaired Closing Other trading activities: Opening Added In perlod Expensed In period Impalrod Closing other: Opening Added In perlod Expensed in poriod Impaired Closing Total this year Total previous year 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities CC17a {Excel) Section C Notes to the accounts (cont) Note 19 Debtors itind prepaymeiits Please complete this note If the cljarity has any debtors or prepayments. 19.1 Analysis of debtors This year Last year Trade debtors Prepayments and accrued Income Other debtors 115,047 1,769 109,498 1,217 Total 116,816 110,715 Complete 19.2 where a material debtor is recoverable more than a year after the reporting date. 19.2 Disclosure 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 (Excel) Section C Notes to the accounts (cont) Note 20 Creditors and accruals Please complete this note if the charity has any creditors or accruals. 20.1 Analysis of creditors Amounts falling due within one year This yea¢ Last year Amounts falling due after more than one year This year Last year Accruals for grants payable Bank loans 18,263 28,284 Trustee Loans Trade creditors Payments received on account for contracts ov performance-related grants Accruals and deferred income 72,626 51,639 Taxation and social security Other creditors - Deposits 6,234 1,000 52,639 Total ,263 8,284 20.2 Deferred income Please complete this note if the charity 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 reportin,J period CC178 (Excel) Section C Notes to the accounts {cont) Note 21 Provisions for liabilities and charges You should complete this note if you have included in the charity expenditure any pmvisions. A provision is made when the charity has a liability of uncertain timing or amount. 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 outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised foi that expected reimbursement. 21.2 Movements in recognised provlslons and funding commitment during the period This year Last year Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current perlod Unused amounts reversed during the period Balance at the end of the reporting period 21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded {with contracts for capital expenditure separately identified).. 21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounl.s designated and the likely timing of that expenditure. CC17a (Excel) Section C Notes to the accounts (cont) Note 22 Other disclosures for debtors, creditors and other basic financial instruments 22.1 Please provide information about the significance of financial instruments leg. debtors, creditors, investments etcl to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charlty has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conditions related to its pledge should be given here. CC17a (Excell Section C Notes to the accounts (cont) Note 23 Contingent Ilabilities and contingent assets 23.1 Contingent liabilities Where the charity has contingent liabilities. please complete the following section unless the possibility of their existence is remote. Description of item includlng its legal nature. Please describe any security provided in connection to the liabilil Estimate of financial effect 23.2 Contingent assets Where the charity has contingent assets, please complete the followlng section when their existence is probable Description of item Estimate of financlal effect 23.3 Other disclosures for contingent assets andlor liabilitips Please provide the following information where practicable: Explain any uncertainties relating to the amount or timing of settlement; and the possibility of any reimbursement Where it is not practical to make one or more of these disclosures, please state this fact CC17a (Excel) Section C Notes to the accounts (cont) Note 24 Cash at bank and in hand This year Last year Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total 120,152 164,349 4,349 CC17a (Excel} Section C Notes to the accounts (cont) Note 25 Fair value of assets and liabilities 25.1 Please provide detaFls of the charity's exposure to credit risk Ithe risk of incurrlng a loss due to a debtor not paying what is owedl , Ilquidity risk (the rlsk of not being able to meet short t8rm financlal dèmands) and market rlsk (the risk that the value of an Investment wlll fall due to changes In the market) arlsSng from flndnclal Instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. The charities only risk is in relation to credit risk which is monitored and reviewed regularly. 25.2 Please glve details of the amount of change in the falr value of basic financial instruments (debtors, creditors, Investments (see section 11, FRS102 SORP)I measured at fair value through the SOFA that is attributable to changes In credit risk. CC17a (Excel} Section C Notes to the accounts (conl Note 26 Events after the end of the reportinq period Please complete this note where events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accouilts are authorised which relate to conditions that arose after the end of the reportlng perlod. 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) Iiiiiiri 1111111111 1111111111 111111111 111111 1111111111 111 11111 1111111111 11111 111 111111111111 111111111 1111111 Section C Notes to the accounts (cont) 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 Between endowment and restricted funds Between endowment and unrestricted funds 27.4 Designated funds Planned use Purpose of the deslgnation Amount CC17a {Excel) Section C Notes to the accounts Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following arÉh significant matters which ar6 not covered in other notes and need to be Included to provide a proper understanding of the accounts. If there is insufficient room har89 please add a separate sheet. Oak Heights School Ltd was incorporated on 21 December 2006 and applied for charity status with the Charity Commission soon thereafter. The company was given charity status with effect from 4 October 2007. Mr S Dhillon who is the Trustee and Principal of Oak Heights School Ltd has committed full time into the running and management of the school. Mr S Dhillon is remunerated at a rate of £12,500 per annum for his services and be reimbursed for any loans given to the School when appropriate. This figure is accepted as a I'educed rate for the I'ole 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 terms of a contract during his time 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 to discuss and justify various decisions, all of which will be documented in the minutes, The Trust Body will ¢lCt periodically to identify and evaluate Mr S Dhillon's suitability to the post as Principal to ensure standards are maintained at all times. The Trust Body agrees to act with 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 school8 in England. Oak Heights school quickly moved to remote learning during the national lockdown. The lockdown had a massive impact on our parents who were either self employed, ran businesses or were employed and as a result of this most parents were not able to pay school fees on time. Due to this our tr'ade debtors was hiqh. During 2020121 Schools in England went back into lockdown again due to Covid, this caused further disruptions and uncertainty. Therefore. the school was still unable to cha8e uripaid debtors. A8 we are now out of the pandemic the school.will now continue chasing school fees. The school has manacJed to reduce ils debtors list and will endeavour to continue to chase the remaining debtors. The sclTrool remains committed to actively pursuing the collection of remaining outstaiiding balances. However, due to ongoing economic instability and legislative ckianges affectiiig private schools, the school is expe.riericing lower enrollment numbers as usual, with some students leaving during the academic year due to finari('idl harc4 J( lijn CC172 (Excel}