Company reglstratlon number 08077353 {England and Wales) Charfty reglstratlon number 1153547 (England and Wales) THE OAKLAND FOUNDATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2025 RCHII
THE OAKLAND FOUNDATION LIMITED CONTENTS Trustees, report Statement of trustoes, responsibilities Independent examiner's rèport Statement of financial activities Balance sheet Notes lo the financial statements 6- 11
THE OAKLAND FOUNDATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru*889 Mr P Vaughan Mr M Williams Mr L M G Altwell Ms K E Watts Mr R G Whitfield Charlty number 1153547 Company number 08077353 Reglslered offlca Seafield Lane Beoley Reddilch Worcestershire UK B98 9DB Independent gxaminor RCH Accountants Limited Wellfiold House Templè Slraet Llandrindod Wells Powys LD15HG
THE OAKLAND FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MAY 2025 Th6 trustees present their annual report and financial statements for the year ended 31 May 2025. The financial slatemenls have been prepared in accordance with the accounting policies set out in note 1 10 the financial stalemenls and comply with the charity's goveming documenl, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Stat8ment of Recommended Practicè applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iréland {FRS 1021" Annual Revi The results for the year and the financial position of the charity are shown in the ann8xed financial statements. ObJediv8s and acttvitios The principal activity of the charity is that of a non profit making charitable entity, With the main aim to relieve the needs of children in England and Wales who are in need by r8ason of their financial hardship or other disadvantage. Charftsble AcUvlU8s During the year the charity supported a numb8r of causes wilhin its objectives and ihese are set out in detail within the accounts. Publlc Benofft The Iruslees have paid due regard to guidance issued by the Charity Commission in deciding what activities Ihe charity should undertake. Slruciure, governance and management The charity is a company limited by guarantee and is governed by its Memorandum and Articles as amended by Special Resolution on 4 July 2013. The charity is ragislered al the Charity Commission as a charity and in the opinion of the Trustees is, therefore, not liable lo corporation tax. Th8 charily was incorporated on 21 May 2012 as a company limited by guarantee and registered as a charity on 28 August 2013. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the dale of signature of th8 financial statements Were.. Mr P Vaughan Miss H Smith Mr M Williams Mr L M G Attwell MsKEWatts Mr R G Whiffield {Resigned 17 Jun& 20241 The trustees, report was approved by the Board of Trustees. Mf P Vaughan Trustse 2 March 2026
THE OAKLAND FOUNDATION LIMITED Statsment of Trustees, Responsibilities For the Year Ended 31 May 2025 The trustees, who are also the directors of The Oakland Foundation Limited for the purpose of company law, are responsible for preparing th8 Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires Ihe trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for thal year. In preparing these financial statements. the trustees are required to- select suitable accounting policies and Ihen apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slatements., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The Iruslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are a150 responsibl8 for safeguarding the assels of ihe charity and hence for taking reasonable sleps for the prevention and delection of fraud and other irregularities.
THE OAKLAND FOUNDATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE OAKLAND FOUNDATION LIMITED report to Iho trustees on my examination of the financial statements of The Oakland Foundation Limiled (the charity) for ihe year ended 31 May 2025. Responslbllllles and basls of report As the trustees of the charity land also its directors for the purposes of company law}, you are responsible for the preparation of tho financial statom8nls in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission undèr section 145{51{bl of the Charities Act 2011. Independent examlnerfs slalemerrt I have completed my examination. I confirm that no matters havé come to my attention in connection with the examination giving m& cause to believe that in any material respect: accounting records were r70t kept in rèspèct of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial stataments give a true and fair view, which is nol a malter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the m8thods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their financial statemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements to be reached. RCH Accountants Llmlted T Richardson Wellfield House Temple Street Llandrindod Wells Powys LD15HG Dated.. 2 March 2026
THE OAKLAND FOUNDATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2025 Unrestrlcted funds 2025 Unrestrtthd funds 2024 Notes Income from: Donations Other trading activities Investments 123,913 36.407 254 122,343 204 Total Income 160,574 122,547 Exponditure on". Charitable activities 133,015 130.932 Totsl oxponditure 133,015 130,932 Not Incomel(oynditure) arKI movorn•nt in funds 27,559 (8.3851 Recondllatlon of funds: Fund balances at 1 Jun8 2024 32,195 40,580 Fund balances at 31 May 2025 59,754 32,195 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activilies.
THE OAKLAND FOUNDATION LIMITED BALANCE SHEET AS AT 31 MAY2025 2025 2024 Currenl assets Debtors Cash at bank and in hand 60,939 33,745 60,939 68,913 Cr8ditors: amunts falllng due wlthln one year 10 (1.185} 136,7181 Net cuThent assets 59.754 32.195 Nat assets 59,754 32,195 The funds of th8 charlty Unrestricted funds 59,754 32,195 59.754 32.195 The notes on pages 6 to 11 fomi part of these financial slatemenls. The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial stalemenls. The members have not required the company to obtain an audil of its financial slalements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial statements were approved by the Iruste&s on 2 March 2026 Mr P Vaughan Trustee Company registration number 08077353 (England and Wales}
THE OAKLAND FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2025 Accounfjng polldes Charlty Infomwlon The Oakland Foundation Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Seafield Lane. Beoley. Redditch, Worcestershire. B98 9DB, UK. 1.1 Ba816 of preparallon The financial statements have been prepared in accordance wilh Ihe charity's governing document, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R&porting Slandard applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charitl8s not lo prepare a stalemenl of cash flows. The financial slalements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statgmenls have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 12 Golng conc8m Al the time of approving the financial statements, the trustees have a reasonable expectalion that the charily has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial slatements. 1.3 arable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charilable objectives. Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial statements. Endowment funds are subjèct lo specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any perforniance conditions havè been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are r8cognis8d on receipt. Other donations ar8 recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or olhewise rf the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset.
THE OAKLAND FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Accountlng polldos 1.5 Expendltur8 Expenditure is recognisod once there is a legal or constructive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activily. The cosls of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs attributable to a single activity are allocaled directly to that activity. Shared costs which contribute lo more than one activity and support costs which arè not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and deprecialion charges are allocated on the portion of the assel's use. 1.6 Cash and (*sh equlvalents Cash and cash equivalents include cash in hand, deposits held at call wilh banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitiès. 1.7 Financlal Instruments The charity has elected to apply ihe provisions of Section 11 'Basic Financial Instruments, and Soction 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial inslruments are recognised in thè charily's balance sheet when the charity becomes paty to the contractual provisions of the inslrument. Financial assets and liabilities are offset. with the net amounls presented in the financial stal8menls, when there is a legally enforceable right lo set off the recognised amounts and there is an inlenlion to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets. which include debtors and cash and bank balances, are initially measured al transaction price including transaclion costs and are subsequently carried at amortised cost using the effective interest melhod unless the arrangement eonslilutes a financing transaction, whore the transaction is measured al tho present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, inclLJding creditors and bank loans are initially recognised al transaction price unless the arrangement constilules a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classifièd as payable wilhin one year are not amortised. Debt inslruments are subsequently carried at amortised cosl, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilitiès. Trade creditors are recognisod inilially at transaction price and subsequently measured al amortised cost using the effective interest method. Financial liabilities arè dèrecognised when the charity's contractual obligations expire or are discharged or cancelled.
THE OAKLAND FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2025 Crlucal accountlng esOmat06 and judgements In the application of the charity's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assels and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are bas&d on hislorical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision aff&cts both currenl and future periods. Inwme from donallons Unrestricted funds 2025 UnreStr[0d funds 2024 Donations 123,913 122,343 Income from other tradlng actmtles Unrestrtcted Unrestrided funds funds 2025 2024 Fundraising events 36,407 Income from Inveslments Unrestslcled Unreslrfcled fund8 fund8 2025 2024 Interest receivable 254 204 Expendliur8 on ¢harltable acllvllles Unrests1cled Unreslrfcled funds funds 2025 2024 Dlreci costs Abbey Park School Active Communities CIC AFC Barwell Allexton Nursery Arrow First School 9,250 3,455 1.000 1,000 280
THE OAKLAND FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Expandliure on tharltable acllvttles Athena Activities Beal Village Hall Birchensale School Bonlerre CIC Bromsgrove Rovers AFC Bromsgrove Youth & Communiiy Hub Broomleys Cricket Club CASS & Friènds Catshill Middle School Chapter One Church Hill Breakfast Club Church Hill Be You Coalville CAN GNR8 Academy Home Start Corby Inunity Ipsley C of E Middle School Kettering FC Ketting Girls FC Kingfisher School Kings Olympic Wrestling Club Loughborough RFC Love4Life Luke Middle Marlborough Rovers FC Marlene Field Centre N Northanls Schools & Sports Newhall FC North Northamplonshire Council Oasis Warndon P&ESports PAL Fitness Education CIC Reach CIC Redditch Utd CIC Redgate CIC South Bromsgrove High School Tudor Grange Academy Wakefield MDC WCC Rigby Hall Whitwick School Bardon Hill Juniors FC Belvoir Cricket Club Bewdley School Christopher Whitehead Languag8 Compound Wollingborough Corby Sports Dimensions LCC Crown Hills College Northamptonshire Childrens Trust Oadby Owls U13 Gids Oasis Community Hub Rigby Hall School 6,179 2,500 4,235 3,600 2,500 2,000 750 1,000 6.300 3.400 1,500 5,600 4,040 6,920 2,500 7,500 4,330 1 ,500 500 500 1,400 2,500 4.244 750 1.000 2,000 2,489 2,000 3,000 3,563 5,750 3,000 620 3,500 2.500 350 3,000 2,700 1,200 3,518 1.500 12,300 500 10,270 26,665 3,000 2,000 2,449 5.000 10.420 1,000 3,854 350 10.500 2,950 5,400 2,234 2,400 9,683 4,300 1,000 1,500 1,064 1,600
THE OAKLAND FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2025 Expendliura on chaiilablo activlllos Reddith Boxing CIC Rothwell & Desborough FC Aztecs Under 10's Shaw Control 1st Worthinglon Brownies Accountancy Sundry Expenses Promotional Expenses Bank Charges 800 1,350 3,610 1.962 1.140 86 1.245 168 162 17 45 133,015 130,932 Truste8S None of the Irustees lor any persons connecled with Ihem} received any remuneralion or benefits from the charity during the year. Taxation The charity is ex8mpt from taxation on its activities because all ils income is applied for charitable purposos. Debtor8 2025 2024 Amounts falllng duo within ono yaar: Olher debtors 35,168 10 crltors. amounts falllng due wlthin one year 2025 2024 Deferred income Other credito 36,718 1,185 1,185 36,718 11 Unrestrlcted fijnds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At 1 June 2024 Incomlng rnsourcos Resourc8S oxponded At 31 May 2025 General funds 32,195 160.574 1133,015) 59,754 10-
THE OAKLAND FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2025 11 Unrestrfctad funds Provlous year: Al 1 Juno 2023 Incomlng Resources resources expendod At31 May 2024 General funds 40.580 122,547 {130,9321 32,195 12 Relatad party transa(*lons There were no disclosable related paty transactions during the year {2024 - none).