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2023-03-31-accounts

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Report and Financial Statements Year ended 31 March 2023

Oval Learning Cluster Charity number 1156350

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Oval Learning Cluster

Status: Oval Learning Cluster is a charity registered in
England and Wales. The governing document is its
Articles of Association.
Registered office: The Foundry, 17 Oval Way, London SE11 5RR
Trustees:Sola Ingram
Caroline Andrews
Cordelia Cooper
Linda Campbell
Independent examiner:   Martin Brown
                         Lynchmere Consulting (2022) Ltd,
                         45 Warwick Gardens,
                         Thames Ditton KT7 0RB.
Bankers:             The co-operative bank
PO Box 250, Delf House
Southway
Skelmersdale WN8 6WT

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Oval Learning Cluster Trustees’ Report for the Year Ended 31 March 2023

The trustees present their report and the financial statements for the year
ended 31 March 2023. This is also a Trustees’ Report as required by the
Charities Act 2011. The financial statements comply with current statutory
requirements and the requirements of the governing document.

Structure, Governance and Management

Oval Learning Cluster began more than 11 years ago as a network of primary,
secondary and special schools, known as members. Member schools make a small
annual contribution towards core costs and commit to working together with
neighbouring schools and organisations to benefit children and young people and
their families. The skill, energy, commitment and support of school staff,
governors and parents is invaluable.

The organisation registered as a charitable association in 2014.The founding
trustees were headteachers from the original cluster partnership and subsequent
trustees are elected by representatives of member schools.

The charity has a strategic focus on supporting schools as an effective lever
to reach local children and families, improve experiences and outcomes and
reduce inequalities.

Oval Learning’s programmes for children and young people are usually delivered
through partnership agreements with schools or other partners. The organisation
therefore has low fixed cost overheads and can adapt quickly to changing needs.

During the year the charity continued to engage a team of part-time community
connectors and partnership leads to develop and support projects and programmes
working across schools with groups of parents, children and school staff,
charities, sports, arts, science, research organisations and other partners.

There have also been key changes in the structure of the core team with a new
Director in post (not an Officer of the Charity) and the formalising of the
strategic partnership with Integrate Agency through the engagement of a new
Director of Partnership. This is enabling targeted fund-raising support,
extensive expertise of the local VCS landscape and the development of wider
partnership opportunities.

Objectives and Activities

The objectives set out in the governing document are to advance education and
relieve the needs of young people and their families in and around the Oval area
of London in particular but not exclusively by supporting a network of schools
and other organisations to offer outstanding teaching and extra-curricular

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experiences, and to improve opportunities for learning, guidance, support and
care. This is supported by our new Income Generation Strategy, Theory of Change
and strategic plan for the next four years.

We operate in a densely populated urban area in one of the most ethnically,
linguistically and culturally diverse parts of Britain. The majority of pupils
at the schools we work with live in poverty and 85% of Lambeth pupils are from
black and ethnic minority backgrounds.

We acknowledge the overwhelming impact the current cost of living crisis is
having on the health and well-being of our pupils and families and the
additional pressure being put on the school and wider communities we serve.  We
are trying to ensure that our programmes, activities, and support also respond
effectively to this need within such a challenging financial context.  Our
objectives have been met through the charity’s activities for the year,
summarised in the following table.
SUPPORTING CHILDREN AND FAMILIES through health and wellbeing
programmes for children and families
During the year we aimed to:
-
Continue to build good relationships between school staff,
pupils and parents in our area and connect with other
services
-
Offer targeted ‘early help’ for children’s social and
emotional health, by distributing grants to schools to
commission a network of art therapists and counsellors and
helping them share good practice
-
Invest in science, arts, maths, outdoor learning and
sports to address inequalities, develop inclusive
approaches and strengthen skills, confidence and social
connections.
-
Work with Special Educational Needs (SEN) school staff and
mental health leads to target support and activities for
families with multiple challenges of poverty and
disability
-
Identify and nurture new school/ community projects to
support children’s development and parental engagement
-
To address issues around racial equity, wellness and
social justice		 £176,857
74% of
expenditure
during the
year
(£237,752)
SUPPORTING SCHOOLS AND THEIR COMMUNITY PARTNERS THROUGH
fundraising, coaching, training, coordination and peer support
We aimed to build the capacity of schools and their voluntary and
community sector partners so they are better equipped to work
together to offer holistic support for young people.
£60,892.
26% of
expenditure
during the
year		 
The majority of the expenditure is allocated to programmes which support
children’s health and wellbeing. We help schools go beyond their statutory
duties, to give children a rich experience and broad education, and to remove
barriers to learning, health, happiness and opportunity.

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Our aim is to help develop a nurturing culture for Lambeth's young people at a
household, school and community level both within the built environment and
across wider statutory settings and services that support them including health
and social care.  Schools recognise the important role they play as community
hubs – supporting, engaging with, listening to and empowering the families they
serve.

The trustees confirm they have complied with the guidance contained in the
Charity Commission’s general guidance on public benefit in section 4 of the
Charities Act 2011 when reviewing the activities of the charity.

Achievements and Performance

We distributed a range of grants to 26 schools totalling £138,713 further
supporting and working more closely with two  wider networks of school
communities (primary, secondary and special) by providing ongoing funding for
the cluster leads. This is supporting enhanced partnership working / access to
increased funding and enabling the widest possible impact.

We continue to develop our core strategic partnerships to build capacity and
reduce inequalities across the system. We are well placed to bridge the gap
between funders, schools and community-based delivery partners to triangulate
shared objectives to benefit pupils, and help to amplify the voices of
children, parents and school staff.

This year Oval Learning is also part of Impact on Urban Health’s  (“IUH”)
Children’s Mental Health Advisory group whose remit is to influence IUH’s
current work, strategy and to consider how power might be shifted across its
portfolio of programmes.  This role is in recognition that Oval Learning and
the schools it represents,  work in a locally embedded way, understand the
issues experienced by children and families in Lambeth and are working to
provide solutions to tackle some of these issues and their impact.

As always, thanks to our generous donors as well as the volunteers who make our
work possible.

New partners / projects / funding this year:

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Continuing financial support received from:

As reflected in the Charity Excellent Quality Mark self-assessment profile and
in recognition of the need to communicate, connect and influence widely in
order to improve impact we have been working hard to amplify the voice of our
schools and communities and share the work we do.  This has been enabled
through the development of our website and a more pro-active social media
strategy supported by dedicated web-design and support.  As noted, Oval

Learning now also sits on the IUH Advisory panel – representing our schools and
families and helping steer IUH’s work.

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Financial Review

During the year the charity raised £116,914 income – a reduction on the prior
year (£382k) and in line with the previous trajectory given the gradual
reduction of funding made available in response to the COVID pandemic and to
support schools in meeting the acute needs of children and families at that
time. The spend on wellbeing programmes therefore decreased this year from
£225k to £180k. The needs this year and in future years are increasing
(particularly in the context of the current cost of living crisis) so
fundraising is an ongoing challenge.

The SOFA shows a net outflow this year as amounts recognised as income in
earlier periods, were spent in the year

Expenditure on core management, fundraising and admin increased during the year
from £50k to £86k reflecting the engagement of external accountants (including
an independent examiner), website and media support, a more formal relationship
with the cluster leads at Windmill and Brixton Learning Collaborative and the
new core team of Director and Director of Partnerships.  We are however,
delighted to been granted four-year anchor partner funding from Impact on Urban
Health – ensuring a more sustainable future for the charity and which will
provide essential core-funding enabling a flexible agile response to local
need. This relationship is built on a series of jointly agreed milestones which
are building on the work we do while helping shape our strategic direction

We continue to focus our efforts on working with local organisations and
schools to direct funding to where it can make most difference, whether or not
Oval Learning is a direct beneficiary.

Grants to schools

As part of our work we distribute funds and advice to schools to enable them to
commission interventions and support for children and families which go beyond
the statutory requirements.

In the current year ending 31 March 2023, Oval Learning allocated 13 grants
totalling £138,713 to 26 separate schools. Total grant distribution is less
than the previous year’s total of £192,833 however this is partly because we
have supported more schools to connect directly with charitable funders.  We
have advised on, levered and influenced further additional funds direct to
schools – administered by different organisations with Oval Learning acting as
bid and programme support, investment adviser, broker and facilitator rather
than physical intermediary and grant maker. These types of direct grants to
schools from IUH via Walcot Foundation / Walcot Foundation Schools grants / the
National Lottery Awards for All programme have this year totalled £565K.

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Member schools and others value our role in distributing much needed charitable
funds. Over the last two years we have directly supported more than 20 schools
with cash donations.

These funds support schools’ valuable enrichment, pastoral support and
wellbeing programmes. The additional funding beyond standard education budgets
is possible thanks to the efforts we have made to build strategic alliances
with endowed charities and local and national delivery partners.

We are a trusted partner changing attitudes and practices for charitable
funders, giving them greater confidence to invest directly in schools as a way
of delivering valuable front-line support for children and families.
Year 22/23
Year 21/22
£138,713
£192,833
£8,000
£1,446
£4,000
£599
£4,000
£8,000
£4,920
£7,000
£1,446
£4,000
£599
£2,000
£599
£4,500
£847
£45,989
£599
£4,000
£599
£4,000
£17,476
£11,500
£599
£4,000
£3,900
(Includes supporting
Brixton Learning
£34,500
(Includes supporting
Brixton Learning		 Year 22/23
Year 21/22
£138,713
£192,833
£8,000
£1,446
£4,000
£599
£4,000
£8,000
£4,920
£7,000
£1,446
£4,000
£599
£2,000
£599
£4,500
£847
£45,989
£599
£4,000
£599
£4,000
£17,476
£11,500
£599
£4,000
£3,900
(Includes supporting
Brixton Learning
£34,500
(Includes supporting
Brixton Learning
Year 22/23
Cash grants direct to schools Year 21/22
TOTALS £138,713 £192,833
Archbishop Tenisons £8,000
Ashmole Primary School £1,446 £4,000
Christ Church Streatham £599 £4,000
ARKEvelyn Grace Academy £8,000
Henry Fawcett Primary School £4,920 £7,000
Herbert Morrison Primary School £1,446 £4,000
Holy Trinity Primary £599 £2,000
Jessop Primary £599 £4,500
Lansdowne £847
Lilian Baylis £45,989
Loughborough Primary £599 £4,000
Orchard Primary School £599 £4,000
Reay Primary School £17,476 £11,500
Richard Atkins Primary £599 £4,000
£3,900
(Includes supporting
Brixton Learning		 £34,500
(Includes supporting
Saint Gabriel’s College Brixton Learning 
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Year 22/23





Cash grants direct to schools Year 21/22
Collaborative Collaborative)
St Andrew’s C of E Primary £15,847 £7,500
St John’s Angell Town £599 £4,000
St Jude’s Primary £1,198 £4,000
St Luke’s £599 £4,000
St Mark’s CofE Primary School £2,476 £7,000
St Saviours Primary School £599 £4,000
ST STEPHENS PRIMARY SCHOOL £1,446 £4,000
Stockwell Primary £599 £3,500
£3,900 £21,833
((includes
supporting network
of Windmill Cluster
Sudbourne Primary schools) 3
The Michael Tippett School (now
Heron Academy)
Trinity Academy £8,000
Turney £847
Van Gogh House £2,250
Vauxhall Primary School £1,446 £7,000
Walnut Tree Walk Primary School £16,588 £14,500
Wyvil School £12,946 £4,000 
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Cash grants secured by OLC but Year 22/23
paid direct to schools from
funders
TOTAL £565,000
Archbishop Tenisons £30,000
ARKEvelyn Grace Academy £30,000
Henry Fawcett Primary School £50,000
Hill Mead Primary £30,000
Holy Trinity Primary £25,000
Lansdowne £10,000
Lilian Baylis £40,000
Loughborough Primary £40,000
Orchard Primary School £25,000
Reay Primary School £20,000
St Andrew’s C of E Primary £20,000
St John’s Angell Town £25,000
St John the Devine C of E Primary
£20,000
St Luke’s £20,000
St Mark’s CofE Primary School £20,000
ST Stephens Primary School £20,000
Michael Tippet School (Heron £15,000
Academy)
Trinity Academy £30,000
Turney £15,000
Van Gogh Primary School £30,000
Vauxhall Primary School £20,000
Wyvil School £30,000 
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Reserves Policy

The trustees have set a reserves policy to hold at least one year’s expenditure
on core activities in free reserves (being liquid unrestricted reserves), given
that the majority of the charity’s income is restricted to programmes.  This is
reviewed annually.  Currently, the reserves requirement is forecast to be
£91,287.  At the year end, unrestricted reserves were £101,778 which the
trustees are comfortable meets the reserves policy requirement.

Going Concern

The trustees are satisfied that the charity will continue as a going concern
for the foreseeable future.

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the
financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to
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 of the charity for that period. In preparing these
financial statements, the trustees are required to:

d) state whether applicable accounting standards have been followed, subject to
any material departures disclosed and explained in the financial
statements;

The trustees 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
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the
provisions of the trust deed.  They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.

Thanks to our funding partners and volunteers

We are grateful for the generosity of our donors and funding partners, and the
impact and support of our volunteers. Most of our volunteers are young people,
teachers, school staff, parents, carers,

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members of the wider school community who help to deliver programmes and share
resources and ideas across the local schools network.

This report was approved by the Board of Trustees and signed on its behalf.

_________________________________,

Trustee

1/15/2024

…………………

Date

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Docusign En¥ÈlopÈ ID". CgAOA186-8EA445F6-9932-F054CC720E29 Independent examiners repDrt to the trustees of Oval Learni ng Cluster Responsibilities and basis of rèport I report tll the charity truqtp.es on my p.xamin4tJon of thp arcounts of thÈ abnvp eharaty for the year ènded 31 March 2022. As the charity's trustees. you are responsible for the preparation of tb@ accounts in accordante with the requir8Trents of th@ Charities Act 2011 "the Act. l. I report in respect of my examlnatlon of the TFUSt' s accounts carrled uui under section 145 of the 201 IA¢t and in carrying out my exafflin3tion. I have followed all the applLcable Dlrectlons olven by the Charlty Comlssion under sectlnn 145151{bl of the Act Tndeppndent pxafflifjer. s statefflp.nt I have cmpleted my examination. I coiif irffl that no material matters have come to my attention in connoetiom with the exafftinatlon Nhich gives me cause to believe th8t in, any ffl8terial respect the arcauntino record? were. nc)t kppt in ar.eordane.e wlth sectinn 190 of the fhariti?s the accounts did not 8ccord with the accounting records". or the accounts did not comply with the applic8ble requirements concerning the forni and content of accounts set out in the Charities (Accounts and ReFortsl Regulations 2008 other than any requ1re￿ernt thdt the accounts glve a true and fair. view which is not a matter considered as part of an iNdependeTrt exafftination. I have no concerns and hsve coffE across no other fflatters in connection with the examination to which attention should be drawi in this report in order to enable a proper understanding of thè accounts to be reached. Sigi)ecS <irtin Broyin FCA for Lyrichnpre Qonsulting {g0?nl Ltd 13 Re815teredln En814nd IT￿ Walei t4D. 138S6660 4 Re8iSteredQllke.' 45Warwi(*G&rden5,Thirne5 ￿tt￿n KT7 ORB itttor.- MattYD FCA

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Oval Learning Cluster

Statement of financial activities (incorporating an income
and expenditure account)As at 31 March 2023
Unrestricted Restricted Total
funds
income
funds
funds
31/03/2023
Note
£
£
£
Incoming resources
Turnover
5,000
-
5,000
Donations and legacies
6,275
-
6,275
Charitable activities
-
105,463
105,463
Investments
176
-
176
Total
9
11,451
105,463
116,914
Resources expended
Expenditure on:
Cost of sales
2,360
2,360
Raising funds
-
25,882
25,882
Charitable activities
1,118
210,752
211,870
Total
5
3,478
236,634
240,112
Net income (expenditure)
7,973
(131,171)
(123,198)
Transfers between funds
12,399
(12,399)
-
Net movement in funds
20,372
(143,570)
(123,198)
Reconciliation of funds:
Total funds brought forward
81,406
212,214
293,620
Total funds carried forward
101,778
68,644
170,422		 Unrestricted Restricted Total
funds
income
funds
funds
31/03/2023
Note
£
£
£
Incoming resources
Turnover
5,000
-
5,000
Donations and legacies
6,275
-
6,275
Charitable activities
-
105,463
105,463
Investments
176
-
176
Total
9
11,451
105,463
116,914
Resources expended
Expenditure on:
Cost of sales
2,360
2,360
Raising funds
-
25,882
25,882
Charitable activities
1,118
210,752
211,870
Total
5
3,478
236,634
240,112
Net income (expenditure)
7,973
(131,171)
(123,198)
Transfers between funds
12,399
(12,399)
-
Net movement in funds
20,372
(143,570)
(123,198)
Reconciliation of funds:
Total funds brought forward
81,406
212,214
293,620
Total funds carried forward
101,778
68,644
170,422		 Total
funds
31/03/2022
£
-
4,685
377,496
11
382,192
-
3,541
275,348
278,889
103,303
-
103,303
190,317
293,620
7,973
(131,171)
(123,198)
12,399
(12,399)
-
20,372
(143,570)
(123,198)
81,406
212,214
293,620
101,778
68,644
170,422		 
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Oval Learning Cluster
Balance Sheet

As at 31 March 2023
Note
Current assets
Debtors
6
Cash at bank and in hand
Total current assets
Creditors: amounts falling
due within one year 7,8
Net current
assets/(liabilities)
Total assets less current
liabilities
Total net assets or
liabilities
Funds of the Charity
Restricted income funds
Unrestricted funds
Total funds
9
Signed by one or two
trustees on behalf of all
the trustees		 Unrestricted
funds
Restricted
income funds
Total
31/3/2023
Total
31/3/2022
£
£
£
£
36,615 36,615
101,374
110,279 47,649 157,928
194,046
110,279 84,264 194,543
295,420
8,501 15,620 24,121
1,800
101,778 68,644 170,422
293,620
101,778 68,644 170,422
293,620
101,778 68,644
170,422
293,620
68,644 68,644
212,214
101,778
101,778
81,406
101,778 68,644 170,422
293,620
Date of
approval
dd/mm/yyyy		 
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Oval Learning Cluster
Notes to the financial statements
For the year ended 31 March 2023

1 Accounting policies

a) Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

b) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

c) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. There are no key judgements that the charity has made which have a significant effect on the accounts.

The trustees do not consider there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Change in accounting policy

The accounts are presented under the accrual accounting method since the year ending 31 March 2021 when the charity exceeded the threshold for accounting on a Receipts and Payments basis.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

Income from the supply of consultancy services is recognised when the contracted services are delivered.

Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f) Interest & dividend receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividend is recognised as and when received or when the right to receive has arisen.

g) Fund accounting

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Oval Learning Cluster
Notes to the financial statements

For the year ended 31 March 2023

h) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings:

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. Taxation

The charity is exempt from Income tax as all its income is charitable and is applied for charitable purposes.

3. Details of certain items of expenditure


Details of certain items of expenditure
31 Mar 2023 31 Mar 2022
Fees paid to Independent examiner
for Independent Examination £1,000 £1,000
other assurance services – accounts preparation £750 £-
Governance costs £- £-
Total £1,750 £1,000

The charity had no employees during the year (2022: Nil)

4 Related party transactions

The charity trustees were not paid or received any benefits from employment with the charity in the year (2022: Nil). No charity trustee received payment for professional or other services supplied to the charity (2022: Nil).

No payments or reimbursement of travel and subsistence costs were made to any trustees for trustee meetings during the year (2022: Nil). One Trustee was reimbursed the sum of £172 for purchases as agent of the charity (2022: Nil). .

No trustee or other person related to the charity had any personal interest in any contractor transaction entered into by the charity during the year (2022: Nil). The trustees delegated day to day running of the Charity to a manager, Anne Roots 

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Oval Learning Cluster
Notes to the financial statements

For the year ended 31 March 2023

5. Expenditure analysis

Unrestricted
£
Expenditure on raising funds
Website, social media and communication
-
External fundraising capacity
-
Activities undertaken directly
-
Grants to partner organisations
-
Support costs
1,118
1,118
Support costs
Finance support
Management & administration support
118
Donated meeting spaces
1,000
1,118		 Restricted
£
2,132
23,750
1,916
146,964
61,872
236,634
11,302
50,570
-
61,872		 Total 2023
Total 2022
£
£
2023
2022
2,132
3,541
23,750
1,916
52,615
146,964
172,333
62,990
50,400
237,752
278,889
11,302
7,400
50,688
42,000
1,000
1,000
62,990
50,400

The related donated meeting spaces income is included in Donations and legacies income in the SOFA. This relates to meeting spaces used at no cost to the charity.

6. Debtors
Grant funding receivable
Trade Debtors
Prepayments
Accrued income – Restricted grants

7. Creditors
Trade creditors
Accruals
Prepaid income
8. Deferred income
Balance at beginning of year
Released to income in year

Deferred in the year
Balance at end of year		 31 Mar 23 31 Mar 22
£
£
35,000
-
-
750
1,615
0
-
100,625
£36,615 £101,375
31 Mar 23
31 Mar 22
£
£
3,370
1,800
12,250
0
8,501
0
£24,121
£1,800
31 Mar 23
31 Mar 22
£
£
-
25,688
- (25,688)
8.501
-

£8,501
-		 
www.ovallearning.org

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DocuSign Envelope ID: C9A0A186-8EA4-45F6-9932-F054CC720E29 

Oval Learning Cluster
Notes to the financial statements

For the year ended 31 March 2023

9. Restricted Funds movements

RESTRICTED FUNDS
Balance Incoming Resources Transfers Balance
Fund 01-Apr-22 resources expended 31-Mar-23
£ £ £ £ £
GST AMH Capacity EIC201201 7 - 7 - -
Vincents Treasures NL Heritage Fund 3,531 - 3,531 - -
GST Childhood Obesity Secondary Phys Activity EIC200302 15,274 - 13,349 (1,925) -
Lilian Baylis laptops (Peters & Peters) 45,000 - 45,000 - -
Hyde Group - Parent Place 6,625 - 3,956 - 2,669
GST Early Mental Health Primary EIC210801 18,828 9,980 28,780 1,000 1,028
Core capacity Jan-Dec 22 Impact on Urban Health EIC211104 63,170 9,250 70,896 (1,150) 374
Ogden Oval Partnership 4,455 10,500 11,851 - 3,104
National Lottery Creative therapies 55,324 - 45,000 (10,324) -
Core capacity jan-dec 2023 - 33,733 13,980 - 19,753
Hyde Group - Booster Fund - 35,000 - - 35,000
Hyde Group - Grow Back Greener - 2,000 284 - 1,716
TSIP Parental Engagement - 5,000 - - 5,000
TOTAL RESTRICTED FUNDS 212,214 105,463 236,634 (12,399) 68,644

Transfers have been made to align historic expenditure by fund as shown within the financial statements to the organisation’s books and records.

Purpose of restricted funds

The restricted funds are made up of funds received from donors that are restricted for certain charitable activities, being the response to the COVID pandemic in the Oval area, and wellbeing activities for children (these include music programmes, sport programmes, creative therapies and activities around mental health).

10 Grants to institutions

Details of grants made to institutions can be found in the Trustees’ Report.

11 Volunteers

The work of the charity benefits from support of volunteers who are young people, teachers, governors, school staff and parents. These volunteers help to deliver programmes and share resources and ideas across the local schools network. 

www.ovallearning.org

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