CHARITY REGISTRATION NUMBER: 218827 The Oakdale Trust Financial Ststements S April 2024 INDEPENDENT AUDITORS LLP Chartered Accountants & Statutory Auditor Emstrey House North Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG
Page 1 The Oakdale Trust Trustees. Annual Report(eonthue¢fj Year ended 5 April 2024 The trusleos present thew rep)rt arwj the fThinciat ststements of Ihe charity for the year ended 5 April 2024. R•fgr•nce and admln18tr¥tlve detalll Reg18tered charlty name Charity reg15tratlon numb•r 218827 PTln¢lpal ofll¢e Tansor PelerboroLryh PE8 5HS R A Cadbury F B Cadbury Dr R C Cadbury Auditor Independent Auditors LLP Chartered Accountsnts & Stattrtory Auditor Emstrey House Noth Shrewsbury Buslness Parf( ShrevBtyJry Shropshire SY2 6LG Bankern Lknyds Bank plc Univer5ty of Bimingham 'rniYKJham 8lructUfe. governan and m•naggmvnt The Gharity was set up by means ofa trust deed dated 9 March 1950. The Charity is managed by its Trustees and delaits of trle Trustees MtM)m hekl office during the year are noted above. New Trustees can be appointed by the TAlee5 fortho time being. The trust d1 conlalns no restrttk as to KNesl Rlsk nagem•nt Stat•m•nt A risk Man4efft anatysis has be undertaken ty Tn based on the categories ol potentsal risk set out in Appendix 111 of the Charity Commisston paper 'Chitses and Risk Managemenr,. Trustees can confim that sys1eff and wc¢edures hwe been Intr(>yed in Order to minimise the risks that have been klentified.
Page 2 The Oakdale Tru8t Tru8ts08' Annual R•port f¢onUftu Year ended S Aprll 2024 ObJectlve• and •¢tlvlti Trustses hdd the Iru$t fund and Its income for the beneflt ol such ch8r6tablè in8titutions as the Trustee5 shall from tlmè to time In their abx)luto d18¢rets'on deternlr. The Trustees have consldarod the Charity Comml88ion's guidance on public bgneffit when revtewlng organisational stralegy and klanning fvlure actlvitles and are sabsflod that tho Charity ¢onllnue5 to have s¢gnifficanl Charitable purFose and delivers tan9ibb public benefit. Poll¢y Th8 Trusfs are88 of interest Indudo the followlng.. Welsh based social and communlty projects M8dic81'. Support groups operatlng In Wales. UK based rese8ch proS8ct8. UK b88ed charlties working Sn the third world. Environmental con8ervalh)n In the UK and over8ea8. Penal reform. Somo support Is glvan to the arts, p8rtlcularfy where there18 a VVel8h eonnoction. The trust do88 nol Support Indlvlduals, hollday 8ch8ffos. expedltions or 8POrt8. A8 a sm811 foundatlon dislributSng In th• most recont y•ar In the region of £315,000, th• average grant awarded Is approxlmatsly £1,700. An offld81 appll¢atlon form Is avallable on reque81. How$voT applicants are tree to submlt requ88ts In any fom)at so long as applications orn ¢1oar and conclse, coverlng alm8. achlevemenls. plans and need$ Supwrted by a budget. Applicants applylng for grants In ex¢es$ of £1.000 are asked to submit a copy of a recent $ot of audlted annual aG¢ounts only M nol alroady avallablo on the Charity Commisslon web slte. Please gfve 8 web addre88 Wha Supporting Inlomiation Is avallable on-llne. In order to mlnimlsa waste, large organisatlons In parUGular are 88ked lo submlt one oppll¢atlon onty per trusteos, meeting and also to avoh1 sending In duplicate appllcalions. Th8 trusto08 meet tsvice a year In Aprll and October to cL)n8ider appllcallon8 and to award grants. No grant8 8r8 awarded betsveen [retIngs. The dea(Illne for the April meetlng 18 1 March and for the October meetlng 1 September. The Trust 18 adminlslered by the Trustees al no cost, and owlng to a lack of se¢r&tsrial help and in view of the nUnroUS requests received, no appllcattons are acknowledged even when accompanied ty a stsmFed addrn8sed env8h)po. Gbfts received and Investrnents mad¢ ¢x changed are recorded In the accounts, as are all charltable donallon$ and loan8 m8d8. Achhvement8 and p•rlornMnce The Trustee8 are Satistsd with the achlevemenl of Ihe charlty In the year and the relurns generated on the investments. The investments have been lryacted by Continued volatllity in tho market.
Page 3 The Oakdale Trust Tru8tee8' Annual Report(conHn Year ended 5 Aprfl 2024 Fln•ncl•l rnvl•w The charity reallsed a 8urplu$ for tha year of £1,402.159 of whth £1,337,026 was In respect of realised and unreallsed galns on investments. Income has In¢roased from the pwious year by £81.736 to £503,270. Thè total charity funds as al 5th Aprfl 2024 havè Increased to £19.283.677. Ro••N•8 Polley It is the pollcy of the Trustees to maintain a ca$h reserve of not less than £10,000 lo provide Suffident funds lo cover man8gem8nl, 8dmlnlslration and support costs and 8180 to allcm the TN$t to re8F(Jnd to emergency epplications for grants which ad$8 from tlme to Ilme. Plan• for futuro p•rlod• The Tru8tees alm to conllnue to Support charitie8 and benevolent organi8atlon• for the publtc ben8fit vla continued succe88ful and efflcl6nl management of the ¢harfty's invoslments. Tru•tM•' r08pon•lbllttlv •t•lomont The trustee8 aro r88pon8lblè for preparlng the Iru8te88' report and th• flnanclal 8tatsments In cordance wlth applicable law end Unltsd Klngdom Accounllng Standards Iunlted Klngdom Generally Ac¢opted Accounting Pradcel. The18w appltcable to charftles in England ar Wales requlre$ the ¢har6ty tru8tees lo prepare fln8ndal slatemgnts lor each year whlch glve a true and fair view of the $lat6 of affalrs of the ¢hadty and of the Incomlng re8ources and appllcatlon of resources, of the charity for that poriod. In preporfng th•8e flnaneial Statements, the trustees are requlred lo.. 8elect 8ultsble accountlng pollcles and then eppty them con818tenlly; observe the methods and prlnclples In the appllcable Charfttes SORP., mgke ludgments and accountlng estimates that are reasonabte and prudent; stale whether applicable UK Accounting Standard6 have been followed, subject to any materlal dopartures dlsclosed and explained In the financial Slatements; prepare th8 financl81818tements on the golng tyjncern ba818 unle88 It18 Inappropriate to presum that the charlty will conllnue in buslness. The truste•8 are responslble for keeplng adequate accountlng records that are sufficlent to show and explgin the charfty's Iran88clions and discloge wrth reasonabl8 accuracy 81 any time the financlal position of tha charlty and enable them to ¢n8iire that the financlal statements comply wlth the Charities Act 2011, the appllcable Charities IA¢coun15 and Report81 Regulatlons, and the provisions of the Tru81 Deed. They are also responsible for safeguarding the assets of the charity and hence for taklng reasonable gt8ps for the prevention and detection of fraud and other irregularil¢e5.
Pay4 The Oakdale Trust Trustees, Annual Report(¢trU1 Year ended 5 Apth 2024 The tnths, annual report was approved Dn . trusts8s by.. .. and slgned on ljghaw olthg boarf of . Ibeoo- aJb- Or R C Cadbwy Tnjstee
Page S The Oakdale Trust Indendent Auditorf8 Report to the Members of The Oakdalg Trust Year ended 6 April 2024 Oplnlon Wa have audite(I the financial statéments of The Oakdale Trust (th8 'charity'l for the yoar ended 5 Aprll 2024 whTch comprise the statement of financial activities, statement of financial posilion, ststement of cash flows and the related notes, Including a summary ol significant accounb'ng policies. The financial repoTting framework that has teen applied in their pRparation is applicable law and Uniled Kingdom Accounting Stsndards, including FRS 102 The Financial Reporting Stsndard applicable In the UK and Republic of Ireland Iunited lQThJdom Generally Accepted A¢¢ounting Practice}. In our oplnlon thè financial ststem8nt&' give a true and fair view of the stale of the Charitys alTrairs a$ at 5 April 2024 and of its Incoming resources and applkation of r8>)urces. including its incoTh and expenditure. for the yèar then ended., have b8en property prepared In accordance with Unite(l Kingdom Generalty Accepled A¢¢ounting Practice.. have been prepared in a(rdance wilh the requirements of the Charities Act 2011. Ba818 for oplnlon We condu¢ted our audit in accordance wlth Intemational Stsndards on Audftlng {UKI IISAS IUK)} and applicable law. Our resp)nsibilities under those standards are fvrther described in the auditorf5 responsibilrbes for the audit of the financial statements section of our repori We are Independent of the charity in accordance with th8 elhiGal requirements th* are rvant to our audit of the finanGial statements In the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wrth these requirernenls. We believe that the audit ev¢dence we have obtained is sufficient and appropriate to provtde a basis for our opinion. Concluslons relatlng to going c¢)ncom In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of accounting in the prepafalion of the financial statements is appropriate. Based on the work we have perfomied, we have rH)t identified any material unrtaintieS relating to events or conditN)ns that, individualty or colle¢tively, may cast signfficant doubt on the charity's abilty lo ntinUe as a going coeM for a period of at least tsvelve months from when the financtal ststetronts are authorised for issue. Our responsibilibe5 arKI the responsibilities of the trustees with resp8Ct to going concem are described In the relevanl se¢lion5 of this report.
Page 6 The Oakdale Trust Indepondent Auditorf8 R•port to tho eMrn of The Oakdale Tnwt [¢1•) Year ended S Aprfl 2024 Oth•r Informatlon The other inforrnalion the informalion Ind in the repor( other than the financial statements and our auditorfs repjrt thereon. Tr trustees are responsibk the other Infomiation. Our opinion on th& financHI statements do8$ not cover the other inftxnwtion aNJ, ex¢ept to the oxtent othenlS8 explIlIY stated in our repoit we do rnt exwess any loTh of assurance condusion th8Teon. In connedon with our audit of th8 frfwKial tyjr resporriblty is to r•8d ts other infomialion arKI, In doing 80, conskder wthother the 0th0r informat¥)n is materialty inconsistent with the finan¢èl statements or our kntyedg8 Obtswd in the a111 heTh¥e appears to be materially ft$51ated. If we #lenltty such material Inconsi8lencies or 8ppar•nt matorial mlgStalem8nts, we are requlred to determine whether there is a materlal mmtatement in the financkql statements or a matsrlal misstalemenl of the other Inf0MOn. If, based on the WO wo have perfomied. we ¢ondudo that Ihern i8 a matetsl mlsstatsment of thls ¢)ther infrKmakn. are Tequired è) that facL We have nothlng to report In th18 rngwd. Matt•rn w whl¢h w• •rn vequlr•d to r•port by •xc•ptlon Vl8 have nothing to lorrt kn re8PKt of th8 followlrKJ mattws i) relatknn to whlth the Chor6tlo8 {Accounts and Report8> Regulall(Th 2CM)8 requtrn U8 to rw to you ff, In ¢>Jf opinh)n.' the infomwtlon gNen in ihe trLMtO0S' fepwt 16 In wy m•terfal r•sp•ct wlih the finand81 ¥talements'. or adequate Kc¢JuntiThJ r•¢wds have not been kèrt the financial statemnls we not In agreernnt wilh the accjwntlng records and retums: or wo hova not recernd all the Inforrrnkn and exp ¥n rnquirg x our a81 Rupon•lblllllM ol tru•t••• As explained more fulty in the tru$tees' reSpIblej slatenL the trLrnteos are fespoftslble for the preparathin of th? financial ststements aThl ftK being satIsfd that they give a true and falr v¢ew, and for suGh intemal control as the trust¢8s detemiine r8 to enablo the rryaration ol Ilnan¢lal 8tateThents that are free from material 5$1818n( whether due to fraud or effor. In preparfng thè financ(g1 statern. Ihe tnmtees respmsiblè for as8esslThJ th• charfty* abl1 to continue as a going concem, disclosin9. as applicable, matters related to going concem and u81ry the going concem basis of accountirvj unle8s trte¢S either intend to Uldte Ih? charfty or to cea88 ¢JperatKJns. or have no realislic alternative LwJt to do so.
Page 7 The Oakdale Trust Indèpendent AudIt08 Report to the Members of The Oakdale TrustlMntlnuedJ Year ended 6 Aprll 2024 Audltofs ra•pon•lbllltles forth• audlt ol tho flnanclal statements We have been appolnt8d a$ auditor undar section 144 of tho Charitss AGt 2011 and roport in accordanc8 wtth theAct and rdevant regulallons made or having effect Ihereund8r. Our objectives are to obtaln reasonable 8ssuranc8 about whether the fflnandal stslem8nts as a whole are free from matsrial m15Statement, whelhor due to fraud or error. and to issue an audltorf8 report that InGludes our opinion. Reasonable assurance Is a high level Df assurance, but Is not a guarantse thal an audit candu¢ted in aGwrdanGe with ISAS IUK} will ahvays detect a material misstatement when it exists. Mlsststsments can arise from fraud or orror and are considered materfal if, indNidually or Sn the aggregate, they coukl reasonably bé pected to Influence thè Èconom déclsions of usérs takan on tho basis of t88 flnanclal ststements. Irregul8rft188, including fraud. are instances of non-complian¢e wllh law5 and regulations. We design procedures Sn lim with our responsibilitl08. outlined above, to dgtgct material misstatements in rÈspoct of Irregularilles. Including fraud. The extent lo whlch our procedures are capable of detectlng IrrngulaiitS88, Including fraud l¥ dotalled below.. Inqulry of th088 charged wlth governance around actual and potentl81 Iltlgation and clalm8', Inqulry of trustees to klenUfy any Instsnces of non<ompllan¢8 wlth laws and regulallon8; Revlewlng flnancial statement dI8c1ure8 and te8tlng to 8UPPOrtlng documentallon to 888es8 ¢ompllanc8 wlth applkable Lqws and r8gulallons. Performlng audit work over the rlsk of management override of contro18, Including tesllng of journal entrles and othèr adjustments fcf appropriateness, avalu8tlng the buslness ratlonale of 81gnifi¢anl Iran88cUon8 Outsldo tho nom)al ctyJr8e of buslness and rovlewlng a¢¢ountlng esfjmates for Becaus8 of the InhenI limitstions of an •udll, there b a risk that we wlll not deteGt all irregularities, includlng thoseloadlng to a material misslatemenl In the financial statement8 or nonwcomplFance with regulation. Thls rSsk Increases Ihe more that compllanca wtth g law or regulalon 18 removed from the avents and transactlons reflected In the financial 8tatemants, as wè will bo1o8s Ilkaty to become aware of Instances ol non4ompllance. The rbsk Is also greater regarding IrregularfYe8 occurrlng due to fraud rather than error, as fraud Invofves Intentional concealment. fr)rgery. colluslon, oml8Ston ar misrepresentalion. A8 part of an audtt In arxordance wllh ISAS (UK), we exerc18e prof888tonel Judgment and malntaln prof8SStonal s¢epliGism throughout the audiL We also: Identify and 88soss the rlsks of materlal mi88lalèment of the financial Statement8, whether due to fraud or error, design and perform audit procedures responslve to th08e rfsks, and obtaln audil evidence that Is sufficlenl 8nd approprlale to provlde a ba$15 for our opinion. Th8 risk of not detecting a malerlal mlsstatemenl SuIt1ng from fraud Is higher than for one resulting from error, as fraud may Involve collusion, foraery, Intenlional omissions, mlsrepresentations, or the overrlde of inlemal control. Obtaln an understsnding of intemal control relevant to the audit in order to design audll prwedures that are appropriate In the cirCutanCes, but not for the purpose of expressSng an opinion on the effectNeness of the Intemal control. Evaluate the appropriateness ol ac¢ounllng pollciès used and the rea50nabléness of a¢¢ountlng esllmatès and related disclosures made by the trustees.
Pay8 Tha Oakdale Trust Indendent Auditorfs Report to the Members of Tho Oakdal• TrU8t(•nu¢d) Year ended S April 2024 CdUde on the approwiateness of the Intste85' use of the golng c(MKem basls ol a¢untIng and, based on the audit evldence obtsined. whether a materfal uncertainty exlsts related to events or conditions that may cast s1gnlfKant dcyjbl on the charity's ability to continue as a going concem. If we ¢Ude that a material uncertainty exists, we are required to draw attention in our audltorfs report lo the related difthures in the financial statements or, if such dlKlosures are inadequate. to modify our oF¥nion. Our c4)nclusK)ns are based on the audit evklence obtained up to the date of our audlto¢s reporL HU4er. fuhjre events or condlilons w cause the charlty to cease to continue as a going concem. Evaluate tho overall presentation, structure and content of the financial statements, Includlng the dlsclosures, and whether the financial statsm8nts rewesent the undetying transion8 and events In a manner that ach¥89 lair prntstion. We LXmmunicate wlth those tharpd wtth govemance regwdlng. among otMr mattern, the plannod 8cope and Uming of the 8Jft and signlfjcanl audSt ldIng8, Inthdlng any 8lgntsnt deficIenc6 In Ini8rn81 Con that we identify during our audlL U•0 of our r•port Th1$ report 1$ made 801ety to the charity's trustaès, as a body, In accordance wlth Part 4 01 the Charit188 (Accounts and Reports) Regulatlons 2008. Our audit work has been und&rtaken 80 that we might slate to the ¢hadty'S trustees those matters we required to state to them in an audltorf8 report and for no other purFose. To the fvllesl extent pemiitted by law, we do not aept or 888ume responslblllty to anyon8 other than the charlty and the chanty's trustees a8 a body, for our audtt work. for thls report, Or for the oplnknns we have lom)8d. na¢Pd& Au&*&vfS LLP Ind8p•ndent Audltors LLP Chartered Accountants & Slatutory Auditor Emslrey House North Shrewsbury Buslness Park Shrewsbury Shropshlre SY2 6LG IndwndentAudlkY8 LLP * elglblg to •cl as an In tsnn8 1212 (rfth• Componl6¥Acl 2018 2 DÉccM8EQ 2021
Pago 9 The Oakdale Trust Slatemenl of FInala1 Acfjvllles Year endad 5 April 2024 2023 funds Total fund• Total funds In¢om• and •nd•y4mnts Investment irKome Other income 501,531 1.739 501.531 1.739 421,534 Total Incom• 503.270 503,270 421,534 Expondllurn Expenditure on Tr151ng fund&" Investmènt management costs Expendlture on charitab actsvit Total •xwndttur• 1129.04n 1129.0471 1103.928} 70 1309.090) 1309,0901 1295.291) {438.137) 1438.137) 1399,219) Net galn81(th8ts) ffi investrwts 10 1,337,028 1,337,026 1976,809} Incom•l{exp•ndltur•) and n•t mov•m•nt kn lund• 1.402.159 1.402.169 1954,4941 RK*)n¢lllatlon ollund• Total fund¥ brought fomard Total tsnd• Garrl•d forw•rd 17.881.518 17.861.518 18,816,012 19.263.677 19,263.877 17,881,518 Th8 $tatem•nt of financial acti¥ths incluth all gains and k)sses rewnlsed In yw. I Ine4)fft and eXPendre from actl¥ilkn.
Page 10 The Oakdale Trust Statement of Financial Position 5 April 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 14 7,173 7,173 15 18.855.481 17,518.895 18,862.654 17,526,068 Current assets Debtors Cash at bank and in hand 16 540 430,S81 521 364.058 431.221 364.577 Creditors.. amounts falling due within one year Net current assets 17 30.198 29.127 401,023 335,450 Total assets less current liabilities 19,263,677 17,861,518 Net assets 19,283,677 17,861.518 Fund5 of the charity Unreslricled funds 19.263,677 17.861,518 Total charity funds 18 19.263.677 17.861,518 These financial slalements were approved by the board of trustees and aulhorised for issue on S.*.11.... and are signed on behalf oflhe board by.. R A Cadbury Trustee The notes on pages 12 to 18 form part of these financi218tatements.
Pago 11 The Oakdale Trust Slatement of Cash Flows Year ended 5 April 2024 2024 2023 Cash from operatlng actlvltles Net IrKomel(expendilurel Adjustments for. Net gain&llbssesl on invesbints Divtdends. Inte$t and from inveslments Other interest receivab and sirndar incom8 Interest Payab and Mir charges Accrued expeng(incoffol 1,402.159 1954.494) {1.337,0261 976.809 (487.021) {418,374} (14.5101 13.160) 1,071 12.4741 Ch47nges in.. Trade and other debtors Moven*nt in cash held in capttal Unts invostrrt Cash generated from opelati5 {19) {343.4151 {778.7611 31 534,365 132.733 Ir)terest p (30) 3.160 14,510 (764,251) Nel cash (used inyfrthn operatrw •Xivibes 135,863 Dwidends. interest and rents from invests)ts Purchases of other investments Proceeds from sale ofother wivèslThwts 487.021 418,374 12,928,236) (3.853,8831 3,272,091 3,319,596 830,876 1115,913) Net cash from1{Us in) investing ¥bwties Net Iner•as¢ In cash and cash equlvalents Ca8h and cash equlvalénts at beglnnlng of ye•r Ca8h and ¢ash equlvalents at end of year 66.625 364.056 19.950 344,106 430.681 364.056
Page 12 The Oakdale Trust Notes to tho Financial Statement8 Year ended 5 April 2024 General Information Tho charity 15 a publi¢ beneffit entity and 8 Wistered charity in Engnd and Wales and is unincorporated. The address of the principal ¢)fke is Tansor House, Tansor, Peterborough. PE8 5HS. Ststsm•nt of compllanco These financial statements have been prepared in wmplk8n¢e wilh FRS 102, The Financial Reporting Standard appllcable In the UK and the Repuuic of Ireland., the Stslement of Recommended Practice applicable lo Gharitles preparing their accounts in accordan with the Financial Reporting Standard applicabie in the UK and Republic of Irèland {FRS 102) (Charitias SORP {FRS 1021} and the Charitses Act 2011. Accounting pollcles Basls of prnparntlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assots and liabillti8s and investment properties measured at fair value through ineome cff expenditure. The finan¢ial ststements are wepared in stsrlirvJ, which is the functional Gurrency of the entity. Golng concern The ar& no maierial unrtaIntieS about the charity's ability to continu8. Judgoments and k•y sourcgs of 8stimatlon uncortalnty The preparation of the financlal statements requlres management to make judgements, estimates and assumplions that affe¢t the amounts reported, These estimates and judgements are continually reviewed and are based on experiènce and other factors, including expectations of fuluTe events that are believed to be reasonable under the circumstances. Fund accountlng Unrestdcted funds are available for u8e 8t the dl8¢relion of the trustees lo fvrther any of the charivs purposes. Designated fvnds are unrestricted funds earmar1 by the tNstees for partlcular fure project or commltm&nt. Restrlcted fiJnds are subjected to restrictions on their expenditu deClad by the donor or through the terms of an appeal, and fall into one of sub<lasses: r8Stricted incom& funds or endowment fvnds.
Pay 13 The Oakdale Trust Notes to the Flnancial Slatem•nt8 (coftthu6d) Yoar ended 6 April 2024 Accountlng pollcl•s (¢tythu¢dJ lTrcomlng rmourc All Incoming resources are Induded In the staten*nt of finandal advltbs when enotlemort has passed to the charlty; It is probable that the eo)nomlc benefits associalod with tho transadon will flow to the ¢harty and the amount Can be roloabty measured. The following specific policie8 affj applled lo particular calegorfas of income.. income from donatlons or grants is recogn188d when there18 avldencA of enollement to the glft, re¢elpt Is probable and Its amount ¢an be measured rellably. legacy Income18 recognised whon recelpt18 probable and entlenI is e8tabli8hod. In¢omo from donated goods 18 m&asured at the falr valua of the goods unle88 th18 18 impractlcal to measure reliably, Sn whl¢h cgse the value Is derlved from the cost to the donor or the estlmated resale value. Donatsd facllilles and servlces are recognised in the accounts when received if th8 value can be rglkibly mea3ured. No aftUnts are in¢lu¢J8d for the contrlbullon of goneral voluntsers. income from o)nlracts for the supply of servlces 18 recogni8ed wth the dellvery of the contractsd servke. Thls Is classlfled as unre8lrlcl8d funds unl888 there 1$ o contractual requlrement for it lo be spent on a partlcular purposo and relumed If un$nI, In whl¢h case il may b8 regardad 88 restrlGtod. RMourcM •xp•nd•d Exp8nditure Is recognt8ed on an accruals basis a8 a Ilablllty 1$ Incurred. Expendllure Indude8 any VAT whkh cannot be fully recovered, and IJ cL9881fied undor headlng$ ol tho 8tatam8nt of ilnancial aclivilles to which it relates.. eXndItUre on r8i8ing frJnd8 IrKludes thè ¢08ts of all fvndraising a¢tivhio5, ovents, non-¢harttsbkg trading actNitie8, and the Sale of donated goods. expend1re on charttable actlvRi8s Includes all c08ts Incurred ty a charfty In undert8klng activities that further Its charltable alms for Ihe benefll of its benefidarfes, Includlng those support costs and costs relating to the governance of the charfty apportloned to charftsble actlvllles. other expendilure Includ0$ 811 expondlture that Is nellher reLqtsd to ralslng funds for tho charty nor part of its expendlturo on charltabfe actNitle8. AJI costs are allo¢atod to expenditure categories refflecling th8 Use of the resource. Direct costs attrlbutable tt) a single activity are allocated directly lo that activity. Shar8d c0515 are apportioned tetsveen the aclivltles they contribute to on a reasonable, juSfiable and ts)nsislenl basis. Tanglble augts T8nglbl• ass8ts are Inlllalty recorded gt C05t, and 8ubsequenlly 8taled et cost 1888 any accumulated dèpreciation and impairment losses. Any tangible assets carriod al revolued amounts are rorded al the fair value at the dalo of revaluation less any subsequent aGGumulated deprec681ion and Subsequent accumulated impalmwnt losses.
Pay 14 The Oakdale Trust Nots8 to the Financial Statements (coniTnu8dJ Year ended 5 Aprfl 2024 A¢countlng pollcle• Tanglblo a••t• f¢oftUn4MO Inc08¢ In tho Carrylng amount of an a$set as a result of a revaluaOn, Is recognlsed In other rwnised gains and losses, unle88 il reverses a charge for Impairment that ha8 prevlou81y teen recognised as expenditure within the 8t8tement of finon¢i¥l activrties. A d¢cr68$e in tho ¢arrying amaunl of an 855et as a result of revaluation. 1$ recognised in other recognised gains and losses, except to which 51 offsets any previous revaluation gain. in which ¢a$e the loss 1$ shown wlthln other recogni8ed 98in$ and 108ses on the Statement of financial a¢tiviti86. Inv•8tm•nts Unllslod equlty Investments are InltSally fftcorded al cost. and 8ubsequenUy measured al falr value. If fair value cannot bo reliably measured, assets are measured al cosl188s Impalrmant L581ed Investments are measured at falr value wlth chonw In falr vaiue belng recogni88d In Incoma or axpendllure. IM1rOnt of flx•d •8•0ts A revlthv for Indlcator8 ol Imp8lmwnt h carriad out at ea¢h reportlng date, wllh th• recoverable amount being estlmaled where such indlcators exlst. Where the carrying value exceeds tha recoverable 8mounL the asset l¥ Impalred accor(Ilngly. Prior impaimonts ar• a160 revlewed for possibl8 worsal 8t each reporting date. For the purpo$ of Impalm)8nl lesting, when 11 1$ not P068lble to estlmate the rKovorablg amount of an indfvtdual asset, an estimat8 Is made of the rocoverable amount of the ¢a$h4Jenerating unil to whlch the 8sset belongs. The ca$h8nfrratlng unll 18 the smallest Idenllflable 9roup of 088et8 that InGlu¢Jes the a55et and generate8 8h Inflows that largely INlependenl of tho cash Inflows from other assets or groups of as8ets. Fln•nd•l In•tMnwnts A finandal asset or a financ181 Ilability 18 recogn18ed only when th8 charty becomes a p8rty to the contractual provlsions of the instrument. Baslc financial Instrument8 are Iniltally recogn15ed al the amount re¢elvabte or payable Including any rolaled Iransaclon ¢osts. Current as8ets and current 1Seblllt198 are 8VbsequenY mea8ured at the cash or other considerauon expected to be pald or rKelved and not dlscounted. Debt Instruments are subsequendy me88ured at amortlsed cost VNThere Invesbnertts In 8hare$ are publlcty traded or their fair valua can otheNAse b¢ m8a8ur&J roliabty, the Investment 1$ subsequently measured at fair valua with changes In lair valua recognised In Incom• and expgndituré. All other such inv8$tsngnts aro sub8aquantty mèasured al 1st less Impalrment. Other fln8noal instrumgnls, Ir)cluding darlvallvos, are InbtS81ty recognlsed at fair value. unle5S payment for an asset is deferred beyond nornal business terms or financed at a rate of intere81 that is nol a market rate, in which case the asset 1$ measured at the psent value of the future poyments di8counted at a market rale of inlere8t for a similar dèbt instrument.
Page 15 The Oakdale Trust Nots8 to tho Flnancial Statements fconllftu•d) Year ended O April 2024 Aceountlng pollclos (¢on¥mwd) Flnanclal Instrumts (¢MUnuedJ Other financial Instruments are subsequenuy measured at falr value, wlth any changes recognise(i in the statement of filnG181 activitie8. with Ihe exceptton of hedging instruments in a designatsd hedglng relalion$hip. Flnanclal a8sats that aro rMa$ured al cost or amortlsed cosl are revlewed for objective evidenco of Impalmient al the erKI of each reporting dale. If there 65 objective evldence of Impairnient, an impaimienl 1086 1$ recogni$•d under the approprlate headlng Sn the 8tstemenl of financial aclivllies In which th• initial gain was recognised. For all equity instruments regardless of slgnificance, and other financlal assets that are Indfvldually 8ignlfi¢ant, Ih856 are 86898sed indlvidualty for Impalrmenl. Other financlal assets are ther asse688d Individually or grouFod on the bas18 of 6imilar credit r16k ch8raciertsll¢s. y rever8a18 of Impalrment am rwJgn188d Immediatety, lo tho extent that the revers81 d088 not result In a carrylng amount of tho flnanclal asset that exce8d8 what the carrylng amount would have been had the Impalrmont not previously been recognised. InvMtm•nt In¢om• Unrastrlcted Total Fund• Unrn8trlcted Total Fund8 Funds 2024 Funds 2023 In(x)mg from Ilsled Inve61ments Bank Interest ratslvabkry 487,021 14,610 $01,631 487,021 14,510 601.531 418,374 3,160 421,534 418,374 3,160 421,534 Oth•r Incom• Unrestrictsd Total Fund• Unr88lrl¢ted Total Funds Funds 2024 Funds 2023 Other Income 1,739 1,739 Inv•8tffl•nt managomgnl ¢o•t• Unrostricted Total Fund• UnreslrlGted Total Funds Funds 2014 Funds 2023 Inva$tment management fees 129,047 129,047 103,928 103,928 Expendfturo on ¢harltabl• a¢tMtI•8 by fund type Unrestri¢t8d Total Fund8 Unrestricted Total Fund8 Funds 2024 Funds 2023 Grants Support costs 305,100 3.990 305,100 3.990 291.410 3.881 291,410 3,881 309,090 309,090 295.291 295,291
Page 16 The Oakdale Trust Note8 to the Financial Statoments (¢tyJthu• Year ended 6 Aprfl 2024 8. Exp•nditure on ¢table actMlle8 ty actmty typ• (knt fundiNJ Suppxt Total nd8 Tot4 fund 2023 Grants Grants retUrj 315,100 (10.CWI 315,100 {10.0001 3.990 291.410 3.990 3.881 305.1(M) 3.9 295.291 Analysls of 8UPPQrt 5(8 Governance (asts Total 2024 Tolal 2023 A¢countancy fees Audit fees 1,500 1,780 710 1.500 1.780 710 1.400 1,640 3,881 10. Net galnMIos8e8} on Inv•stm•nts Unrestricknj Total Fund$ UnrestritW Total Funds Funts 2024 Funts 2023 GaingJllos8esl on dis of Ilsted wivestsnents Gainsl{lossesl on revaluation of listsd investrnents 159.830 159.830 (658,1181 {658.118) 1.177,196 1.337.026 1.177,196 (318,691) {318.691) (976.809) (976.809) 1.337.026 11. Net InComel(exp•ndr0) Nel in¢omallexFendityre) is stated after dwgingll(xething): 2023 Fees payable for the alIt ofthe fnancd staten*nts 1,780 1,640 12. Staff ¢osts The average head count 0fee5 during the year wa¥ Nil (2023: N). No employee recerrfed em of ThKxe than £60.000 during the year12023'. NII). 13. Tru8t¢0 r•munerntlon and expgns No remunerath?n was to truslees duriry th• ye¥. nor ware any trustee8' expenses reimbursed.
Page 17 The Oakdale Trust Nots6 to the Flnancial Staternonts (conthtm Year ended 5 Aprfl 2024 1& Tanglbh fixed ats property Cost At 6 Aprfl 2023 and S Aprfl 2024 D•prn¢iation At 6 Aprll 2023 and S April 2024 Carrylng amount At 5 Aprll 2024 At 5 Awll 2023 7,173 7,173 7.173 15. Inv¢slm•nts Llst•d Inv•stments Cost or valuallon At 6 April 2023 Additions Disposals Fair value mvements Movement on cash hetd in c8wtsl nt inveslff At S Aprll 2024 Impalmient At 6 Aprll 2023 and 6 Aprfl 2024 Carrying amount At 5 Aprfl 2024 At S April 2Lr23 17.518.895 2,928.236 (3.112,281) 1,177,196 343,415 18,85S.481 18.855.481 17,518,895 Al invastments shcAvn above aTr hehy * ¥al10n. Flnanclal ass•ts h•ld at falr value The fixed a55et investrnents (x)mpw ltsted irbvestments and cash funds held awaiting investrnent. As at 5th April 2024 £471.897121r23- £128.4821 held in cash funds. Listed investnts are valued based on pthlty 4ailaNe market wices ty the investsnent fund 16. Dgblors 2023 521
Page 18 The Oakdale Trust Nots8 to the Flnanclal Statsmonts leoniinu•dJ Year ended 5 Aprll 2024 17. Credltorn: amounts lalllng due wtthln one year 2024 2023 a18 and d8ferred incom 30.198 29.127 18. Anal1¥ ol charltablg lund• lJnrn•trlctod funds Galn8 and At losses B Aprll 2024 8 Aprll 2023 Income Expenditure Gener81 fund8 17,861,518 503,270 1438,137) 1,337,026 19,263.877 Galns and At 108888 5 Aprll 2023 6 Aprll 2022 Incom8 Expenditure General fvnd8 18,816,012 421.534 1399.219) (978,8091 17,881,518 19. An•ly•l• of not a•¥•ts b•lw•on fund• Unrestricted Total Fundi Funds 2024 Tangible fixed 98S8t8 Inve8knents Current assots Cr¢ditOT5 less than 1 year N•t 018Ot• 7,173 7,173 18,8SS,481 18,855,481 431.221 431.221 130,198> 130,198) 19,263,677 19,263.677 Unrèstricted Total Funds Fund8 2023 Tanglblè fixed 888etS Investments Currgnt ass?tJ Cre(lit0151ass than 1 year 7,173 7,173 17,518,895 17,518,895 364,577 364.577 129,127} 129,1271 17,861,518 17,861,518 20. Analy•l• ol ¢h•nge8 In not dobt At At 6 Apr 2023 Cash flow8 8 Apr 2024 Cash at bank and In hand 364,056 e6,625 430.681
Page 19 The Oakdale Trust Note8 to the Flnanclal Stat•monts {conUnuodJ Year ended 5 Aprll 2024 21. An•ty818 of grants 2024 19th St. Margarets (CAK Scout Group A48 Theatre Company AbbeyrId Socxty Action Vdb8¢ India Afric8n Adventure5 Foundation AfTan Chiklren's Fund AfriK#ts Ltd Against &e8St Caneer Alabare Chrit Care and Support Akernalives to Violence Proiect, &itain thand Trust AmmADford Evan8e]ical Church knmanford Foodbank than. MUSK Fund Wakj tibiolic Research UK APT A¢tton on Povety Arcode•Campfa A8hfKkJ (Trbwey) Enterprise Communty Land Tru81 Lid AT Society Awel Aman Tawe rniouih 0&8is Community Group Ltd pohr UK )ne Cancer R&4eowh Tn1 ISInt econ 8nd DigtrKt MrKI con Festival B&lkt itain Yearty Meetti)8 iti5h Deaf SOcitIon iti5h Fk4rt Foundation (Bl Caerphilly P4)rough Mllid C4nolfan Gyn8hori kn Ddyfi Advic¢ Centre Caplor Horizons CARAD, Communty Arts Rhayader And District Cardrff Vmeyard Care and Repair Cymru Carmarthen 8nd Di51rict Youth Ira Caudwell Chikiren Chart8nw Turtes Chapter Cardiff Ltd CHASE Africa (Communty Fkth & Envronment) 51XI 1.000 1.500 1.000 2.(KJO 2.c0 750 2,000 1,000 750 1.000 500 2.000 1,000 1,000 1,500 2.000 2.000 1.000 1,000 2,000 soo 1.000 2,000 2.000 1.000 2,000 1,000 1.000 5.000 5.000 2,000 3.000 2.000 500 2.000 1,000 3.000
Page 20 The Oakdale Trust Notes to the Financlal Statsments l¢Mthu•dJ Year ended S April 2024 21. Anal1• of grnnts Iconllnuodl 2024 chikl.org 1ntcrnBtTh11 Chiwren's Liver Dise&qe Foundg¢N)n (CLDF) Citizens Advice Fli?tshw¢ Ctynfjry¥ Communily Beneftt Society code4Ve Foundatb)n Compw55 Chikjren's Ch8rty Con80 Chiljren Trusl Connectin8 With Nature CIC Cord Global Cowbrklge Musk Festival Crohn'$ and Colilig UK Crohn5 Chlldhood Research As$ocAtw)n Cykh Meithrlli Cwm Gwyddon Cykh Mei¢hrui Terri8 De1* Friendty Swans Dem¢nti4 Matters bj Powyj Dogs Trust Duffryn Cornmunty Link Dy$tonill UK EduSpot$ FKlds in Tru$t Fi8ht for Si8hi Forest of Avon Trust Freedom fTOrn Torture Global Justtce Now Green Shoot$ Foundatron Fkemochrom8tosLq UK HeahhProm Henry van S¢raub¢nztt MemorMI Fund H¥hiown Communty Resource Centre (Friends On Horn¢maker5 Communty Recyc18 Home-start UK Horatio's G8rden Hospice Care Keny4 HospK¢ UK Howard Lea8u¢ for Penal Reform Huntil8ton's Dse#se Assocmlion IMPA Foundatton In5NJe Justre InterAct Stroke Support 1.500 1,000 1.000 5.000 1.000 1,000 2.000 500 1.300 1.000 2.000 2,000 750 750 750 3.000 1,000 2,000 1,000 1.000 4,000 2.000 750 5,000 1,000 2,500 iooo 1.500 1.000 1,000 3,000 2,000 iooo iooo iooo 3.000 1.000 iooo 1.000 1,000
Pag• 21 The Oakdale Trust Nots8 to tho Financlal Statements (c1 Year endod 5 April 2024 21. Anaty818 of gr•nts 2024 Internnal Spinal Raearch Trust International Tree Fouthl Internws &Jrope Ja¢ar8nda UK Fourthtn JUSTICE I)0 1500 1000 3.000 1000 750 3.0 3.000 1000 1.000 KarUnI Kyjs Cknb KampA Kidscan Educatty)n Intern8tM)Do1 The Maggte K&%wk JCk$ Caft¢eT Cariw Cthtre5 Trust Marauders Men's Ikthi Mar82rt Pyke Tntst Medrai Resea Found&Jn Me]yi Communty Trust Mencap Menuigis Now Money for Mcar Morfa Fgrnty Centre MS Soctety Cyrnru Music lli Fbspir#b and Care Natv)na] AXBI Spondybarthriti5 Soc Nath)n Dance Compry Waks Nattonal Tronor AssociatK)n NatKn Youth ArLS Tru51 Ncw idge Found8tMJn Newha15 k¥Jz Linied Oracle C4neer Trust OSCAR'S PaedRtri¢ Tumour awAy 05pr¢ys Wheekhair Rugby Ch Outsmle Lries LllniteAI P8ntysgaJbg Prllnary School &vyd Pernbrokeshwe Cancer Supp Peopws Di5P¢llsary for SKk Anllna Phoenc< Educatk)n Strves ac P4MI Tree (fonnerty orth1) Pra8ya PrestewK Festival of Mus* and the Arts PreVt &efist ca PrBon Felknvship iooo 1.51JO 750 1.000 iooo 3.000 1.5CKI 750 1.5WJ 1,5(Kl I.OLKJ 750 1.500 3.CKIO 1.500
Pag• 22 The Oakdale Trust Nots8 to tho Financlal Statements (e•iy•O Year ended 6 April 2024 21. An•ly•ls of grnnts 2024 Refonn Tnmt Prisoners. Educatvn Trust Proie¢t A¥J AIknua8ana Proslate C•JKer R¢Sch Prostate Cancer LK RaD)forest Foundathin UK Renewabk Wor Revitalise Respite Ik)lilays Rhayader Football Cbjb hwd Dinbkby C4ncer Fw Royal Voknitary ser¥e RSPCA L]ys Nllii Salt of th¢ Ethrth Sarnorti•n5 Sor¢+)ma UK Sense Sign and Shve Ch SnowdonB Slue Tr•ll Socty for Mu¢opoty$ac¢lwle Dowes Spenctt Daymln m)811 Resev¢h SpDwI Iniurs Associot#)n St Davxfs Fb)spre Care St John knbul•n¢¢ Cymnj Tearfund Teena8e CYer Tn¥¢ Temw TbY S¢• Cadet Corps The Ak>ud Charty The knefrt Advr¢ Shop The Bw Giv¢ The Centre The Cifpzns Foundat)n {UK) The Cty Ik)spe Trn$t Luniled The cwrn.unty BBB Cwmaman Prin•ry S¢h(M)I The Dohven Fiekl Dev¢bnent Comrnitiee The Famty Pkce FowidatN)n The Fish¢rnien's MissMJn The frLAC.K kknrse Sanctu The HmophllB The Irene Taykr Trust 2,CN)O 1.0 1.51XI 2.ofA) 2,OIXI 1.000 1500 3,000 1,000 1.000 500 1500 750 i.0 2.0 1,000 1,000 750 1.0 1.000 10.000 2.500 2,000
Pag• 23 The Oakdale Trust Notss to the Financlal Statornentsi¢onw Year ended 5 Aprfl 2024 21. An•tysis of grants ICortlrA 2024 The Outward PAMmd Trust The Putpk Sunfknv¢r ProFct. The Aiida Fd&tI)n The Roy81 Nat>)nal L4feiy)At Institl)rt Th¢ Royal sur81 A#1 SlraY The Specu Recovay TnLSt The Tea Leaf Trust The LhNttSty of W5 (Kogi proFct Muth) The WeL%h Ar thbllknce Thar*8bk Tnt The Wthllif¢ Tt of South and West WAks The Women and Famllies Resour¢¢ Centre The Woodknd Tnw Theatr Clwyd Tn1 Thorna8e Hall Inde[1 Livi Together for SILOrt lives Trauma Fowid3txJn South West Trinity Proi&t Turnbk tre Tusome AfrK8 Ty Elis Unique tOrn F¢stiv8J Vokano Theatre Comp Wxe Chester CIC Wamba Communty Tru51 1.000 1,000 3.000 1.000 1,500 1000 1.000 1000 1500 1.000 4.000 s.(0 1.000 1.000 750 1000 750 500 1,500 1.000 ,500 1.000 1000 i.0 31SIIJO Wld Ekments CIC Workl Caneet Rr¢h Fund