RE(:ISI'Li RED COMPANY NIIMBE4 R.. 09668616 IEtLglaoil artil WAlesl RCGlS'I'fiiF.D CHARITY NUMBLR.. 116492CI Repoi't of tlje Triistees And UTh&udtteil Fiiiaiicial SlaterncDts fi>J' Iht YeAI' EiJde(131 Jiily 2025 for I'IIE OAKGROVC FOUNDA'fioN 'I'IIE OAICGROVE FOUNDA'I'ION Cojitejits of tlic fin4neiAI StAteJneJJts 4ORI'HE YEIAR LINDID 31 JUI,Y 2025 l>age Report of tlie TriJ5tees lodependeilt LxAiniiiei s Ilepoj't StRtemeiit of finaneigl Attivities BAlt2nee Sliect Note5 to the Finajjcial StateinciitS 6 to 10 THE OAKGROVE FOUNDATION (REC.IS'I'ERED Numiifi R: 096686161 Repoi't ()f tht Ti'ustees 4()R-I-HL YEARf1NDCID31 JULY 2025 Tli¢ Ii'iislees who al'e also directOTS of Ilie ¢h%riry for the piirposes of tlie Conipanies Act 2006, pi'esent tlieir r¢i)ort with the finaiicial slateinents of the cliarity for the year cndcd 31 July 2025. OB.IE(:I'IVES AND ACTIVITIES Objectiyes and #im8 The vbjecls ()f tlic charity are lo beiicfil SllLh exclLisivcly cliarilablc oi'glc nisalion%, objecls and piii'poses iii aiiy parl of research wilhin England aiid Wales. The 'friistee5 confirin that tliey liave had iegard to the giiidai)ce on public benefit published by the Chai'ity Cornmission. ACHIEVEMLNTS ANI) PERFC)RMANCL Chxritable #i'tivilies Diii'iiig tlie year, the cliai'ily has rnade Health & Medical Grants of £265,00012024.. £187,000). rilNANCIAI. IIEVIEW FinantiAI positioll During tlie year, the chai'ity received d0112L lions of £301,208 12024 £Nill aiid £265,000 12024 £187.0001 was expen(led oil gi'ants Wltliin the chariliibl# aclivities. A balance of £124,772 12024 £89,849} was lield iii geiiei'al resei'ves. Reserve5 polity Tlie charity does not have a reserves polEGy as Iliere al'e no ongoing coiiiinitm¢iits that woiild require filnds to be ielained. STRUCTURL, GOVF,RNANCE AND MANAGf.MF,NT Goverrtinx docutxjeiit The chclfiiy ts coiitrolled by its gov¢rniii¥ dociinient, the Mcinoraiiduin aiid Ai-licles (If Associalioii adopted 011 19 JLine 2015. aiid ¢onslilules a lirniled coiiipaiiy. liiiiiled by guaraiitec, as defined by Ilie c.ompanies Act 2006. Reei'iiitmeTrt ￿nI] iiii)()inlment of iieiv triistec5 The-l rustees al'e ai)pointed oil Ilic basis of qiialificatioii and expei'ience rclcvant to the chaTIty'5 operations. The Iriislees iiiidei'take api)i-opi-iale indiiclioii and ti'ainiiig in order to understand the paTticiilar way tl)e Charity ope1.a1￿ and lo kccp iip-lfr(IRle iviih the regkilaloi'y cliaiiges that aflect Ihe charity. Risli rnanxgetnent Tlie iiiajor I'isks lidve been I'eviewcd aiid procediiies have been eslablislied lo Inaiiag¢ those risks. REfi fi RLI NCL AND ADMINIS'fRA'I'IVL DI:.'I'AII. ReEi.stcred CotJii)fiJiy iiumbei. 0966861 C) IEi)glatid aiid Wale51 Registei'ed Cljai'ily nuiiibe 1164926 Rigi%leJ'ed office 8 BeLclI Gl'ove Cliepslow NP16 5BD P&ge I THE OAKCROVE FOUNDATION {REGISTERED f4UMBER: 096666161 RÉport of theTrustees FOR THEVEAR ENDED31 JULY 2025 Tni$tee5 Mrs ME Deer DJ Deer Mts L M Saunders P Deer I'his report has been prepared in occordonce with the $pe¢ial wovi51ons ofpart 15 of th¢ Companies Act 2a06 relaung ¢0 Small ¢ompani¢s. Approved by order ofihe Ly)ard 0ftruSt￿ on.. ......... and signed on its behaifby: .PJ r- Trust¢¢ Pa8¢ 2 Ijjdepeiident r.x#tniiJei"8 ReiTrort to the Tru5tL&t8 of Tlje OAk£i'ove I,oun(IRti()iJ {Rt¥isteJ'ed tiutjiber: 096686161 I report to the charity Irustees oil my cxainiiiatioii of the accounts of the Coinpany for tlie yeai. ended 31 July 2025. Responsibilities aijd basis of I'ei)oi't As Ilic chai'ity's ti'iiste¢5 ()f the Coiiipany (and a150 Its (liyeclorq foi. Ilie pui'poses of coinpany lawl you are responsible foi. the prcparalioii of Ilie acrouni% in aecordaiicc with the I'equiremeiits of the Coiiipaiiies Act 20061'lh¢ 2006 Act'l. Having satisficd rnyself that the afj¢ounls of the Coinpaiiy al'e iiot required to be aiidiled under Pai'l 16 of the 2006 Act and al'e eligiblc foi. iiidepeiideiit exarninalinn, I IEpoi'l in rcspect of iiiy exaniination of your charity's accoiinls as cai'ried oiit undei. sectioii 145 of Ihe C.liai'itics Act 2011 I'tlie 201 l Act'l. lji cai'i'ying oiit rny exaiminalioij I have followed thc Direct10115 giweii by ihe C.hai'ity Coiniiii55ioii iin(ler seLtIDn 145151 Ibl of Ilie 201 l Act. In(lepelldcllt ciamirtev's stllteniellt I have coinpleted Iny exaimiiiatioii. I coiifirm that iio matters have cojiie to Iny altenli01i in contiection with the exainiiiation giving me caiise to bEli¢ve'. accountiiig records wei'e iiot kept iii I'espect of tlie Coinpany as I'eqiiired by section 386 of the 2006 Ael; or 2. tlic accouiits do not accoi'd willi Iliose recoi'd5', ol. 3. 1Sic accoiiiils (Iv nol coimply with the accoiiiitiiig i'¢quii'emenls of section 396 of Ilie 2006 Act othei. than any requireinent Ihat the accoiinls give a ti'ue and fair view whicli is iiot a matleT conbidei'ed as part of an iiidependenl exainiiiation, or 4. Ilic accoiin15 have i)ol beeti piepaird in accordance with the methods aiid priiiciples of Ilie Statement of Recoininended Prd¢li¢e for accoiintinE and I'eporting by ¢hOI.IC.IES Basis of iji'epAring the fiDgn¢iAI stRtemeiits l-lie financial stateinents of tl)e charitable coiiipaiiy, wliich is ¢1 piiblic bciiefil tiitity undcr FRS 102, havc beeii pi'epai'ed in accoi'dance witli tlie ("hai'ities SORP IFRS 1021 'AcLountiiig aiid Rei)01-ling by Cliai'iti¢s'. Statcinenl ()f Rccoiiiiiiended Pi'aclice applicahle to cliai'ilie% pi'cpai'iiig tlieir accounts in accordance witli the FinAiicial Rcporting Staiidai'd api)li¢able iii Ilie UK and Repiiblic of Ireland Il',RS 1021 leffcclive l .lanuaiy 2019),. li'claiid. aild Ilie Coiiipanies Act 2006. The fiiiancial slateinenls havc been prepared undei. tlie hisloi'ical cost convciition. 'riic trustees consider that ihere arc no material iincertainties about the cliarity's ability to continue as a going coiicern. The financial %laleiiieiTrls are i)I'epai'ed in stErliDg} whic51 is tht functional ciii'i'eiicy of the charity. Monetai'y amouiits iii these fiiiaiicial stateiiienls al'c rounded i(1 thc ticai'csl £. lijcvme All income 15 i'ecognised in the Stateinent of Financial Aclivitics once the Charily lias eiititleimenl to Ilie fund& it Is probable tliat tli¢ income will be received aiid the amounl cali bc Ineasured reliably. Donations are I'ecognised oil i'eceipt. Pi'occdiires al'e ii) place to eiisui'e the coinpleleiie5s of income. Expeiillit￿l'e the ainoiinl of the obliBdlioii cali be inea%tired reliably. F.xpeiidiliirc is accoiiiited foi. on an a¢criials basis and lia5 been classified iiiidei. Iicadiiigs Ihcll aggrcgale all ¢ost relatcd to the ¢alegory. Wher¢ costs caiinol be dii'ecily allributcd to pai-IILular licadiiigs they liave been allvLaled to activities oil a basis consi51eiil with the iise of resources. Granis offercd subject lo coiiditions which liave iiot been n)el at tlie yeai. end datc are Iiottd as a coniinitin¢nt biit iiol acerucd as expenditurc. T#xAtioiJ Tlie cliarity 1% exeinpl froni coi'poration tax on its cliai'itable a¢livilies. Fiund #icountiiig Unrestricted fuiids cali be used iii accordance with the charitable objectives al the discretion of the ti'ustees. Re%lricted fuiid5 can only be 115ed for particiilai. I'esti'icted piii'poses withiii Ilie objecls of Ilie cliarily. Reslrictioiis arise wlien specified by the doiioi. or whei) fiinds ale raised foi. i)ai'liciilai' Te5ti-i¢ted PLlI'poses. Casli al baiik 1% lield lo Inett shoi'l-teriii CR511 coinimiliiicnts a5 Ihey fall diie rathei. thali for inveslnient piiyposes Page 6 vnliiiued... THC OAKGROVE IIOUNDATION Note8 to the I,iiiantial St42temeDts - colltiijiicd FOR Tiif. YLAR LNDfi D 31 JULY 2025 ACCOUN-IING POLICIES - coDtirtued Tlie cliarity oiily lias finan¢i%l assets and liabilities of a kind Iliat qiialify as basic finan¢ial iiisti'umenls. Basic riiiancial ilislruincnts are inilially reco¥nised at ti'ansa¢iion value and subsequently iiieasui'ed at Iheir SCttl¢nieiil value. l)cbtOl'5 Debioi's are recognised at the settlement ainount due. Piepaynienis are valiied at Ilie amouiit pi'epaid. Ci'editOl'S artd pJ'ovi5ion Creditor% and provisiot)s arc recogni5ed wliere the ihll I'ity has a present i)bliEation re%ulting frorn a past event iiitasiired oi. estiiiiated i'eliably. CTeditors and provisions are llOL'n)ally rtcognistd al their setileinent DONA'fioNS AIYD LEGACIES 2025 2024 Doilations 301,208 CHARITAEILE AcfiviTIF.S COSTS Gi'ant fundiiig of Suppoi't cos1515¢e note 51 (see iiote 41 Totals Health and InedicaS g7raiils 264,000 1,285 266,285 C.RANTS PAY ABLL 2025 2024 Health and medical gi'ants 26S.OOU 187,000 The total granls paid to iiistilLilions diii'ing the yeai. was as follows.. 2025 2024 Childrei)'s I10sPltitl tor Wale5 25,000 120,000 240,000 Cliepstow Cricket C.ILib 12.000 264,001) 187,000 The gi'aiit to Chepslow Ci'ickel (".lub ivas foi. iiew equipineiil foi. Ilie cliib. and is coiisidered to be for the i)urpose of ciiliaii¢ing comrniinity liealth. Tiif OAKC.ROVE FOUNDATION Notes to the I".iiiancial 8t#tements - coiitÉtiiii'(I FOR THE YEAR LINDLI D 31 JULY 2025 suppoiii- cos-i-s Govei'nan¢e obls Fiiiallce Totals l-lealth and medical graiits 25 1,260 1,285 TRUS'fbbs' RIMUNERA-I-ION AND BCNEfilTS ThLre were iio trustees, Feinunei'ation or other benef5ts for tl)e year ended 31 July 2025 nor foi. the year elided -3 l July 2024. ru5tee5' txi)enses 'rheTe were 110 trustees, expellSes paid foi. the year ended 31 July 2025 nor for the yeai. ended 31 July 2024. COMPARATIVF.S FOR'fiiE STATF.ME4 N'f OF FINANCIAL ACTIVITIES Unr¢slTl¢ted fijnd EXPENDITURL ON ClIRI'i¢ablL M¢tivities 188,008 NET INCOMEI{r.XPENDII'URE) 1188,0081 RCCONCILIATION 0￿ F'UNDS 'I'otal ftJnd5 br(iughi foi'wai'd 277.857 'i-o'rAL I,'UNI)S CARRIED FORWARD 89,849 Page 8 THE OAKGIIOVC FOUNDATIOiY Notts to tlit Fi1141tieilll St?1 temciits - cvntirtued OR TIIE YF.AR E4 NDEI D 31 JULY 2U25 CREDITORS: AMOUNTS fiALLING DUC WIT141N ONF. YF.AR 2025 2024 Accrued expense5 1,060 1,008 MOVEMEN'f IN FUNDS Net moveiiieiil in fiinds At 31.7.25 Al 1.8.24 IliJi'e8ti'icted funds Gen¢ral fiind 89,849 34,923 124,772 TOTAI. FUNDS 89,849 34,923 124,772 Net rnovenieiit in fiiiids, included iii the a￿ve are as follows.. In¢oiiiing rc50ur¢e8 Resoiii'ces expcndcd Movement in funds Uni'esti'icted full(55 301,208 1266,2851 34,923 'I'OTAL f4UNDS 301.208 (266,285) 34,923 Comiiaratives for movemeiit in fund$ Nct movcincnt in fuiids At 31.7.24 At 1.8.23 Geiieral flind 277.857 1188,0081 89,849 TOTAL FIJNDS 277,857 {188,008) 89,849 TIIF, OAKCR()VE bOUNDATION Notes to the fiiixnti#l 8t*(etnetits - contiijiied FOR THE YEAR LNDLI D 31 JULY 2025 MOVE4 MENT IN FUNDS- continucd Compai'ative net iiiovernent in fuiids, incliided in the abovc are as follows.. Incoiniiig iesources ResouTCe5 cxpeiided Moveinenl Uni'csti'itttd fuiids 1188,0081 (188.0081 'I'OTAL FUNDS 1188,0081 {188,0081 10. RCLATl4 1) PARTY DISCLOSURL¢S Diii'ing the year, a donatioii of £1,208 was i-c¢eived from the ti'iislees in lieii of accoiiiitaiicy fee5 for 2024. Tliere wei'e no related paity traiisactioiis foi. Ilie yeaT ended 31 July 2025 or 31 July 2024. COMPANY LI￿lITE￿ IIY GIIARANI'Eb The chaTIty 15 a private eompaiiy, incoi'poi'ated iii England and Wale%, limited by guaraiitee having llo shale capital cliid. in (l¢tyX)I'dance willi the Mciiioi'aiidiini of AssociatTOn, every niember is liablc to coiili'ibiilt £1 lowai'd5 tlie costs of dissolution and liabilitics iiicuri'ed by IlTre chai'ily in ilic ev¢iil ol. the ¢oinpany Eeing wound Page 10