REGISTERED CHARITY NUMBER: 233041 REPORT OF THE TRusfEESAND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ThE OAKLEY CHARITABLE TRUST I W Hlnks LLP Chartered Accountants 19 Hlghfleld Road Edgbaston Birmingham West Mldlands B15 3BH
THE OAKLEY CHARABLE TRUST CONTENTS OFTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Pa8e Report of the Trustees Indèpendent Examlner's Report ststement of Flnandal Actlvltl•s Balan Sheet Notes to the Flnandal Statements 7 to 13 Detalled Statement of Flnanclal Actlvltles 14
THE OAKLEY CHARITABLE TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 The trustees present their report with the financlal statements of the charity for the year ended S Aprll 2024. The trusteès have adopted the provisions of AecountinÈ and Reporting by Charities.. Statement of Recommended Practlce appllcable to charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. oBJEIVEs AND AcrivrriES Oblertlves and alms The objective of the charity is to pay or apply income or cèpital to or for such charitable institutions and charitable purp05e5 as the trustee5 shall Irom time to time in their absolute dlscretlon determine. The general purpose of the Twust Wa5 framed very much upon the Inlllallve of the Selllor. the late Harold Whlttall Oakley and the trustees operate the Trust in accordance with the orlglnal purpose5 and the Settlor's wlshe5. Publlc beneflt The trustees are aware of the Charlty Commls51on 8uldance on publ1¢ benefit and conslder thal Ihe Trust's objectives and acllvltles set out meet the prlnclples of publlc benefit laid down by the Charity Commlsslon. The trustees have had due regard to guidance when exercising any powers or duties lo whl¢h It Is re5evant. ACHIEVEMENT ANO PERFORMANCE Durlng the year the Trustees have continued to recelve Income and make charbtable donallons to a variety of causes. Und15trlbuted funds are held on a designated account for projects currently under consideratlon by the Trustees. FINANCIAL REVIÉW Flnanclal reeW The Statement of Flnanclal Actlvates for the year ended S Aprll 2024 shows Incomln8 resources totallin8 £87,375 12023.. £79,991) and resources expended totallSng E88,038 12022.. £84,9461.There was a galn on Investments of £247,40612023 - Loss £277,124). Net expendllure for the year was £246,74312023 - Income.. £282,079). The reserves of the trust at the 5 Aprll 2024 were £3,152.863 12023.. £2,906.1201. A5 a 8rani makln8 charlty ihe prlnclpal rlsk to the trust Is investment rlsk whlch the trustees manage by the delegatlon of thelr powers of Investment to pald piofesslonal experts. Evelyn Partners of 103 Colmore Row, Birrningharn, B3 3AG act as the trust stockbroker and investment portfolio manager. The trustees delegate thelr wide 'absolute owner" Investment powers to Evelyn Partners who accordlngly manage the securltles on a dlscretlonary basls. Reserves policy As a grant making charity reserves are not required but the trustees try to balance expenditure with Income received Irom year to year and malntain the capltal to generate income for future donatlons. FWURE PLANS The trustees wlsh to continue 8eneratlng sufficient Incorne in order for the charlty to be able to fulflll its objectives and principle activities. srRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The Trust 15 constituted by a Deed of Trust dated 21 December 1963. Page I
THE OAKLEY CHARITABLE TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 STRuuRE, GOVERNANCE AND MANAGEMENT fte¢rultment and appolntment of new trustees The power to appolnt new trusiees resldes with the trustees as set out In the Deed of Trust. All trustees glve thelr tlme voluntarily and re¢eive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements. Organlsatlonal structure All trustees who have served durlng the year are dlsclosed under Referencè and Admln15tratlve Detall5. All matters of pollcy, management and any other Items as circumstances requSre are determlned by the trustees. REFERENCE AND ADMINISTRATIVE OETAILS Reglstered Charlty number 233041 Prlnclpal address 10 St. Marys Road Harborne Birmin8ham B17 OHA Trustee5 Chr15tlne Margaret Alrev Geoffrey Mlchaol Whlttall Oaklev Simon Michael Sharp Webslts ht www.oakle char abl tru t.or Indep•ndent Examln•r Peter Smlth FCA I W Hink5 LLP Chartered Accountants 19 Highfield Road Ed8baston Birmlngham West Mldlands B15 3BH Investment mana8•r5 Evelyn Partners 103 Colmore Row Birmingham B3 3AG Page 2
THE OAKLEY CHARABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Approved by order of the board of trustees on 5 November 2024 and si8ned on its behalf bv: G M W Oakley-Trustee Page 3
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE OAKLEY CHARITABLE TRUST Independent examlner's report to the trustees of The Oakley Charltable Trust I report to the charity trustees on rny ex8rnination of the a¢¢ount5 of Thè Oakley Charitable Trust (the Trust) for the year ended S April 2024. Responsibllitle5 and basls of report A5 the charity trustees of the Trust you are responslble for the preparatlon of the accounts in atcordance with the requlrements of the Charitles Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out undèr Section 145 of the Act and in carrying out my examinatlon I have followed all appllcable Dlrections Elven by the Charlty Commlsslon under Section 14515llbl of the Act. Independent examlner'5 Statement I have completed my examlnation. I contTrm that no materlal matters have come to my attentlon In connectlon wlth the examSnation giving rne cause to believe that In any material respect.. accounting records were not kept In rèspect of the Trust as required by Sertion 130 of the Act; or the accounts do not accord wlth those records,. or the accounts do nol comply with ihe appllcable requlrements concernln8 the form and content of accounts set aut In the Charities (Accounts and Reports) Regulatlons 2008 other than any requbrement that the atcounts give a true and falr view which Is not a matter con51dered as part of an independent examination. I have no concerns and have come across no other rratters In connectlon wlth the examlnation to whlch attentlon should be drawn in this rèport in order to enable a proper understandin8 01 the accounts to be reached. Peter Smith FCA J W Hlnks LLP Chartered Accountants 19 Highfield Road Edgba5ton Birmlngham West Midlands B15 38H S November 2024 Pagè 4
THE OAKLEY CHARITABLE TRUSr STATEMENT OF FINANCIALA1vlTIES FOR THEYEAR ENDED S APRIL2024 1024 Unre5trirted lund 2023 Total funds Notes INCOME FROM Investment Income 87,375 79,991 EXPENDITUREON Charltable actSvltles Governance Cost Support COSts Grant5 payable 1,20Q 15,738 71,100 1,200 15,996 67,750 Total 88,038 84,946 Net 8ainsll1055e51 on investments Z47,406 1277,1241 NEf INCOMVIEXPENDITUREI 146,743 1282,0791 RECONCILIATION OF FUNDS Total funds brought forward 2,906,120 3,188,199 TOTAL FUNDS CARRIED FORWARD 3.152,863 2,906,120 CONTINUING OPERATIONS All income and expendlture has arlsen from contlnuln8 actlvltle5. The note5 form part of these financial statements Page S
THE OAXLEY CHARITABLE TRUST BALANCE SHEEr S APRIL 2024 2024 Unrèstrirted fund 2023 Total funds Notes FIXED ASSETS Investments 3,039,121 2,819,756 CURRENT ASSErs Cash at bank 114,942 87,564 CREDITORS Amounts falllng due within one year 11.2001 I1,2) NET CURRENT ASSErs 113,742 86,364 TOTAL ASSETS LESS CURRENT UABILITIES 3.IS2A63 2.906.120 NET ASSETS 3.152,863 2,906,120 FUNDS Unrestrlcted funds 3,152,863 2,906,120 TOTAL FUNDS 3,152,863 2,906,120 The fInanclal statements were approved by the Board of Trustees and authorised foi Issue on 5 November 2024 and were s18ned on It5 behalf by.. G M W Oakley- Trustee The notes form part of these financial statements Page 6
THE OAKLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRII 2024 AccouMfiNG POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity. which Is a publlc beneflt entlty under FRS 102. have been prepared In accordance with the Ch3ntle5 SORP IFRS 1021 'Accounting and Reporllng by Charities- Statement of Recommended Practice applicable to charlties preparlng their accounts in accordance with Financial Reporting Standaid Applicable in the UK and Republic of Ireland IFRS102lleffective I january 20191,, Financial Reporting Standard 102, The Financial Reportin8 Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The flnancial statements have been prepared under the the historical cost conventlon with the exception of investments which are included at market value, as modified by the the revaluatlon of certain a55ets. The charity has taken advantage of the followlng dlsclosure exemptSon In preparln8 these finanrial statements, 5 permltted by FRS 102'The Financlal Reportin8 Standard appllcable In the UK and Republlc of Ireland,: the requirements of Section 7 Statement of Cash Flows. INCOME All Income Is recognlsed In the Siatemeni of Flnanclal Activltles on¢e the ch¥rlty has entltlernent to the funds, it Ss probable that the Income will be recelved and the amount can be measured rellably. EXPENDITURE Llab51itles are reco8nised as expenditure as 500n a5 there 15 a le8al or constructive obllgatlon commlltin8 the charlty to that expenditure, It Is probable that a transfer of eronomlc benefits will be Tequlred In settlement and the amount of the obllgatlon can be measured rellably. Expendlture Is accounted for on an accruals basss and has been classllled under headlngs that aggregate all cost related io the cate80ry. Where costs cannot be directly atlribuled to partlcular headlngs they have been allocated to activities on a basis consistent with the use of resources. Grants offered sublecl to condltlons which have not been met at the year end date are noted as a commltment but not accrued as expendlture. GRANTS PAYABLE Cost of charltable activities are Incurred on the charity educallonal operations, includlng support costs and costs relatln8 to the 8overnance of the charlty apportloned to charltable actlvltle5. TAXATION The charity Is exempt from tax on its charitable activities. FUND ACCOUNTING Unrestricted funds can be used In accordance wlth the charllable oblectlves at the d15cretlon of the trustee5. Further explanation of the nature and purpose of each fund 15 included In the notes to the finan¢lal statements. LISTED INVESTMENTS Investments are stated In the balance sheet at market valve at the balance sheet date. Gains or105ses on Ilsted investments include any galn or1055 arisinB on the sale of investtnent5 and on revaluing investments to market value at the end of the year. Page 7 continued...
THE OAKLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED5APRIL 2024 INVEMENT INCOME 2024 2023 Other Income Investrnent income 241 87,134 219 79,772 87,37S 79,991 GRANTS PAYABLE Total 8ran15 payable during the year were as follows.. 2024 2023 Acorns Chlldren's Hosplce Age UK Air Ambulance Asthrna Rellef BID Services Birmingham Contemporary Muslc Group Birmingham Hippodrorne 8 Mtsslc 81rmlngham Repertory Theatrt Birmingham Royal ballet Birmingham Cathedral Blue Cros5 Animal Charlty Birmingham Chlldrens Hospital Breast Cancer Barnardo's Brain Tumour Charlty Bralnwave 8ritlsh Red Cross Turkey Appeal British Heart Foundatlon Bowel Cancer Charity Camphill Famllv CBSO Cats Protectlon Lea8ue Craftspace County Air Ambulance HELP Appeal Compton Varney House 008s Trust Durrell Wildlife Conservation Trust Edwards Trust Fareshare Midlands Headway Home from Hospital Hospice Charity Partnership Holy Trinlty Church, Jersev jersey Animal Shelter jersey Hospice Care jubilee Sailing frust 2,500 1,000 500 1,500 3,500 2,000 3,0 1,5 100 I,OLM) 3.000 1,000 I,ooo 2,lY)O 3,000 2.000 i.soo 500 1,500 2,000 l.or} 1,000 750 1,000 1.500 3.0 I,(K)o 1.500 Page 8 continued..
THE OAKLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENOED 5 APRIL 2024 GRANTS PAYABLE- contlnued Klng5wood Trust Llchfleld Cathedral Listening Books Macmill3n Cancèr Support Martineau Gardens Malvern Theatre Midland Air Ambulance Marie Curie Motor Neurone Disease As50clatlon National Childrens Orchestra Natlonal Churches Trust Natlonal Theatre NICE- Centre lor Movement Dlsorders Poppy Appeal, Jersev RNLI Rlding for the Disabled Royal Brltlsh Legion Royal Sh8ke5pearè Cornpany Sl Mary's Hosplce IBlrmln8haml Salvatlon Arrny Seafarers UK SENSE Stroke Assoclatlon Severn Valley Rallway Trust Soclety for MPS Dlseases Target Ovarlan Cancer Terrence Hlgglns Trust Wark5/NorthantslDerbyl Lelcs Alr Ambulance Warley Woods and Communlty Trust Wlltons Muslc Hall Whlzz Klds Welsh Natlonal Opera Worcs Parent and Carer Communlty 500 2,000 750 i.0 500 500 I,0 3,0 2,(X)O 2,)0 2,51JO 3,(KlO soo I,IxJo 2,1)Jo 500 2.500 I,1)00 I,IKJO I,(K)O 750 500 1,000 750 soo I,ooo 750 I,c(Jo 1,000 1,000 71,100 67,750 Page 9 continued...
THE OAKLEY CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 5 APRIL 2024 TRiISTEES' REMUNERATION AND BENEFITS There were no irustees, remuneration or other beneflts for the year ended 5 Apfll 2024 nor for the year ended 5 April 2023. TRUSTEES. EXPENSES There were no trustees, expenses paid for the year ended 5 April 2024 nor for the year ended 5 Aprll 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIv1fs All of the fund5 In the Statement of Flnanclal Actlvitie5 In 2023 were unrestrlcted. FIXED Ass INVESTMENTS Listed Investments MARKETVALUE At 6 April 2023 Additions Dlsposals Revaluatlons 2A19,756 230,501 {225,2961 214,160 At 5 Aprll 2024 3,039,121 NET BOOK VALUE At 5 Aprll 2024 3,039,121 At 5 Aprll 2023 2,819,756 There were no investment assets outside the UK. The hislor4cal cost of Ilsted Investments wlthln the Permanent Capltal Fund as at 5 Aprll 2024 was £2,228,792 12023.. £2,159,891). Pa8e 10 continued...
THE OAKLEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 5 APRIL 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creilltors 1,2fA) 1,200 MOVEMENT IN FUNDS Net movement In funds At 5.4.24 At 6.4.23 Unrestrlrted funds General fund 2.906.120 246,743 3,152,863 TOTAL FUNDS 2,906.120 246,743 3,152,863 Net movement In funds, Included In the above are a5 follow5= Incomlng resource5 Resour$ expended Galns and losses Movement in funds Unrestrlcted funds General fund 87,375 188,0381 247,406 246,743 TOTAL FUNOS 87,375 188.0381 247,406 246,743 Comparatlves for movement In funds Net movement In funds At 5.4.23 At 6.4.22 Unre5trlrted funds Geneial fund 3,188,199 1282,0791 2,906,120 TOTAL FUNOS 3,188,199 1282,0791 2,906.120 Page 11 continued...
THE OAKLEY CHARITABLE TRUST NOTES TO THE FINANCIAL ATEMENTS- continued FOR ThE YEAR ENDED 5 APRIL 2024 MOVEMEKF IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incorning resources Resources expended Gains and losses Movement in funds Unrestrlrted funds General fund 79,991 184,9461 1277,1241 1282,0791 TOTAL FUNDS 79,991 184,9461 1277,1241 1282.0791 A current year 12 months and prior year 12 months comblned p05Itlon15 as ftillows.. Net movement In funds At 5.4.24 At 6.4.22 Unrestrlct•d funds General fund 3.188,199 135,3361 3,152,863 TOTAL FUNDS 3,188.199 135,3361 3,152,863 A current year 12 months and prior year 12 months comblned net movement in funds, Included In the above are as lollows.. Incomlng Tesources Resources expended Gains and losses Movernenl in funds Unrestrlcted funds General fund 167,366 1172,9841 129,7181 135,3361 TOTAL FUNDS 167,366 1172,9841 129,7181 135,3361 The General Uniestricted Fund represents unrestrlcted Income whlch is expendable at the discretion of the Trustee5 in the Furtherance of the objects of the Charity. Page 12 continued...
THE OAKLEY CHARITABLE TRUST NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 5 APRII 2024 RELATED PARTY DISCLOSURES There were no relateil party transactlons for the year ended 5 Aprll 2024. Page 13
THE OAKLEY CHARITABLE TRusr DETAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 INCOME Investment Income Other income Investment rncorne 241 87.134 219 79,772 87,375 79,991 Total Incomlng resources 87,375 79,991 EXPENDITURE Charitable actlvltles Grants pald 71.1 67,750 Support Costs Other Website costs Investment management fees Profes51onal fees 195 15,351 192 190 15,734 72 15,738 IS,996 Gov•rnan¢e costs Accouniancy and legal Fees 1,2 1,200 Total resources expended 88,038 84,946 Net expendSture before 8aln5 and1055es 1663} 14,9551 Reallsed reco8nlsed 8alns and losses Reallsed 8alns/llossesl on flxed asset Investments 247,406 1277,1241 Net Income/lexpendlturel 246,743 1282,0791 This page does not form part of the statutory financlal staternent5 Page 14