REGISTEREDCHARITY NUMBER: 233041 REPORT(* THETRusfEESAND UIWLIDITED NNANaALSTATEMENTS FOR THE YEAR ENDED 5APRIL1025 THE OAKLEYOIARITABLEIRUST J W Hlnks LLP CharterÈd ACcountts 19 Highfield Road Edgba5ton Bfjrmln8harn West Midlands 815 3BH
THE OAKLEY CHAIIITABLE TrUST COMfENTS OFTHE FINANCIALSTATEMENTS FOR THEYEAR ENDED S APRIL 2025 P•ie R•port ofth•Tnwes I to 2 Irthwndent Examln•r'$ Ryrt St*mentof Fln•n(bl Adl¥ideJ B•l•nceSh•et Notes tothe Flnanclal St•tements 6 to 11
THE OAKLEY CHARITA8LETRUST REPORT OF THETRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 The trustee5 present thelr report with the flnan(ial statements of the charty foT the year ended 5 Awil 2025. The trustees have adopted the provisions ol Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charities preparing their aciounts in ac£ordance with the Financlal Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective l January 20191. OBJEcllvES AND A1VITIEs Oblectlves and aims The objective ol the charity 15 to pay or apply Income or capltal to or for such charltable Instr(utions and charhable purposes èsthe trustees shall from time to time in theif absolute discretlon determlne. The general purpose of the Tfust was framed very much upon the InIatIve of the Settlor, the late Harold Whittall Oakley and the trustee5 Qperate theTrust in atcordance wlth the original purposes and the settlor's wishes. Publlc be1t The tfU5tees are aware of the Char4ty CommlssSon 8uSdance on Publ benefit and consSder that the Tru5t'5 objective5 and actlvltles set out meet ihe princlples of publlc benefft laid down by the Charity Commisslon. The trustees have had due regard to Buldance when exèrclSl any powers or d¢Jtlesto whKh It is relevant. ACHIEVEMEIKAND PERFORMANCE DurIf the yeartheTrustees have ctInued to recelve Income and make charitable donatSons to a varlety of cause5. Und15trSbuted fund5 are held on a desSgnated account for projects currently under conslderatlon by the Trustees. FINANCIAL REVIEW Rnand•l revlew The Statement of Flnanclal Activate5 for the year ended 5 AprS12025 shows Incomlre resources totallln8 £83,838 12024., £87.3751 and resources expended totallin8 £102,31112024.. £88.0381.There was a loss on Investment5 of £119,632 12024 - Gain £247,406). Net expenditu for the year was £138,10512024 - IfKome'. £246,743). The reseNe5 01 the trust at the 5 April 2025 were É3,104.758 12024,. £3,152.8631. As a 8rant making chadty the prtnclpal risk to the trust Is Investment flsk whlch the trustees manage by the deleg*ion of their power5 01 Investment to paid professional expert5. Evelyn Partners of 103 Colm0 Row, 81rmlnBham, B3 3AG att as the trust stockbroker and investmènt portfollo manager. The trustees dele8ate thelr wide absolute owner Investment powers to Evelyn Partners who xcord5nglv manage the 5ecuritle5 on a dlscretionary basis. Reserves poilcv As a grant maklng charity rÈseNes are Tr)t required but the tru5tEes try to balance expenditure with Income recefved from year to year and maintain the capltal to generate Income for future donation5. FUTURE PLANS The trustees wish to cont5nue generating sufficlent incomè in order for the charity to be able to fulfill Its oblertives and prlnclple l¥(ties. sTrucruRE. GOVERNANCE AND MANAGEMENT Governing document TheTrust IS c()nstituted by a Deed of Trust dated 21 December 1963. Rerruiiment •nd oppolThtment of n•w twslees The powerto appoint new trustees residesvJrÉh thetrustee5 as setout in the Deed of Trust. All trustee5 give their time voluntarily and Ceive no benefits from the ¢harr(y. Any expenses reclaimed from the charity are Set out in the notesto the financial statements. Page I
RWJRTOFTHETRiJSTEES FOR THEYEAA ENfED SAPRIL5 STRucfuRE.GOVERP4ANCE PJ4D MANAGEMV Oro49•kn•l SIrlre Itrustees %tho have seNed durinithtye•rorEdlsdosed under Refewc2 andAdmlnlstratbA E)•talls. I mattersofrdicy, rnanayment and anycthr knmsa$tir¢umttarw rv4ulr4 aTr dethnnlnqd bythetN5tW5. REFERENCEANP NDIAINISTRATIVE OErAis RI$ter4d Clorlty number PrlW¥dth lost. Marys ADad H•thrne BlrrnirK8h4m B17 OHA TNst• ChAstlne Margaretr GeoffvevmkeI WhittAII rron Mthael Sha Irnd•nr Examlner Peterknlth FCA J W HlnkJ LLP Chartered kc¢unt•nts 19Fllghfteld R¢•d Ed8b15ton 8*mlD8ham WestMldl•nds B15 3gH Evelyn Pèrtnfirs 103 Colrnort Ilow Blrm5ntham Octsbrf 2•25 W18d ty order tsfthe toard oftrustee5 On...................................... . ond SIed on its b•hiWbr. G M W &klty-T•Jrtee Page 2
INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEES OF ThE OAKLEYCHARITA8LE TRUST Independentevmlner's reporttothetru5tees of The Oakley CIMritableTrwt I report to the charity trustees on my exarninatlon of the acEounts of The Oakley Charltable Trust (the Trustl for the year ended 5 April 2025. ReSpOnbIlItIeS arKI basi5 of report As the charity trustees of the Trust you a responsible for the preparaOn of the accounts In accordance with the requirements of the Charities Act 20111 theAct'l. I report in respect of my examlnation of the Trusi's accounts cafrfed out under Sertlon 145 of the Act and In carryin8 Out my examination I have followed all applitable Dlrectlon5 glven by the Charity Commlsslon under Sectlon 145lsllbl of the Att. Independent txanne1.9 ststernent I have completed my examination. I conflnn that no materfal matters have come to my attentlon In connedon wtth the examlnatlon glving rne cause to belleve that in any materlal respett.. accountlng records were not kept In respect of theTrust as requlred by Sectlon 130 of thè Act; or the accounts do not accord wlth those record5- or the accounts ¢Jo not tomply wSth the appllcable requlrements concernlng thè form and content of accounts Set out In the Charities (Accounts and Reports) Regulatlons I8 other than any r4uSrement that the accounts glve a true and falrvlew whlch Is not a matter consldered as part of an Independent eXaminat)n. I have no concèrns and have come across other matters in connection wlth the examlnatlon to whlch attentlon should be drawn In thls report In orderto enable a proper understsndingof the account5 to be reached. Peter Smith FCA J W Hinks LLP hartered Accountants 19 Hl8hfleld Road Ed8baston Blrmingham West Midlands B15 3BH Date.. E.....Q.L&6rf ..2o.2.( Page 3
TrIE OAKLEY (XARITAeiE TRUST ATEMEvf OF FINANCIAL AcmiiTIES FOR THEYEAR ENDED 5 APRIL 2025 2025 Un$1¢t fvnd 2024 Total funds Notes INCOME FROM Investment income 83.838 87,375 EXPENDMJRÉ ON Charltsble act(5 Governance Cost Support costs Grants payable i.ZLYJ Z7.611 73,$00 1,2QJ 15,738 71,1 Totsl 102311 88.038 Net 8alnslllossesl on Inve5tm*nts 1119,6321 247,406 NET INCOMVIEXPENOtniREI 1138.1051 246,743 RECONaLIATION OF FUNDS Ttstal funds brought forward 3,152W3 2,S)6,120 TOTAL FUNDSCARRIED FORWARD 3.014,758 3,152.863 CONTINUING OPERAnoNS All Incorne and expendlture has ar55en from £ontlnuSn8 activlties. The notes form part of these financlal statements Pa8e 4
5APIJL2025 2025 UnTe5trtrted fund 2024 Totèl fund5 XEO AWEfS In¥e5tmenrs 193VII 3.039.121 Ca5h3tb4nk 114,9¢J ourtsf4lllrrfdIthln omyur 11>742 014.758 3,152A63 Im47SS S,152&3 FUNDS Unrestri¢rd fvjnds W.758 3,152163 TOTAL FUN 3,151863 nanc1 stst rnents w•r• Appmd by the 8oBrd of TrusL•U ind ath0rfd for $JI on •ndwer•slined on ttg b•h•J16y.' GMWOIkY-Tr The notesfcm FortoFthe* finarKlal slaten Page S
THE OAKLEY CHARITABLE TRUST NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL2025 ACCOUNTING POLICIES BA515 OF PREPARING THE FINANCJALSTATEMENTS The financial statements of the charity, which is a publSc benefft entity under FRS 102. have been yepared In accordance with the Chanties SORP IFBS 1021 'Accounting and Reportlng by Charities.. Statement ol Recommended Practice applicable to charities preparlng their accounts In accordance with Financizl Reporting Standard Applicable in the UK and Republ of Ireland IFRS102lleffective l January 20191,, Financial Reporting Standard 102, The Financlal Reporting Standard applicable in the UK and Republic of Ireland, and the Charitles Act 2011. The financial statements have been prepared under the the historical cost convention with the exception of Investments which are Included at market value, as modified by the the revaluation of certain asset5. The chartty has taken advanta8e of the followlng d15closure eXeMPtn In preparing these flnancial Statements, a5 permltted by FRS 102'The Flnancial Reportirg Standard applicable In the UK and Republlc of Ireland,: the requlrements of Se¢tlon 7 Statement of Cash Flows. INCOME All Income15 reco8nlsed Sn the Statement ol Financial Actlvitles once the charky has entltlement to the funds, It Ss proboblethat the Income will be received and the amount can be measured rdlablv. EXPEM>ITUAE Liabilities are rÈcognlsed as expenditure as soon as there a legal or ¢onstruttlve obligation commSttin8 thè charity to that expenditure, it 15 probable that a transler of economic benefits wlll be required In settlement and the amount ol the obligation can be measured rellably. Expendlture 15 accounted lor on an accruals basis and has been classified under headin8S that aggregate all cost related to the cate80ry. Wherè costs cannot be d1CtlY attribLrted to partlcular hèadlngs they have been allocated to activltles on a basis conslstent wlth the use of resources. Grant5 offered subject to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expendlture. GRANTS PAYABLE Cosi ol char5table aetivltles are Incurred on the charity educatknal operations, Includln8 supfKrt costs and costs relatln8tothe governance of the ¢harlty apportloned to charftable activltles. TATION The Charity is exempt from tax on Its charitable artlvStles. FUND ACCOUNTING Unresrrlcted funds can be used in accordance wlth the charitoble oblectSves at the dlscretlon ol the trustee5. Further explanatlon of the nature and purpose of eath fund Ss Included In the notes to the financial statements. USTED INVESTMENTS Investments are stated in the balance sheèt at market valuÈ at the balance 5heei date, GairLS or105ses on 11sted investrnents include any gain or Ios5 irislng on the sale of Investments and on revalulng investments to market value at the end of the year. Page 6 continued...
TME OAKLEY CHARITAeLETRUST NOTE5TOTHE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 5 APRIL 2025 INVESTMENT INCOME 2025 2024 Other income Investment income 751 241 87.134 83 87,375 GRANTS PAYABLE Totsl grants payable durfngthe year were aslolk)ws'. 2025 2024 Acorns Chlldren's Hospice Asthma Relief BIO Servlces Blrmingham Contemporary Muslc Group Birmingham Hippodrome Blmlngham Hospice B Muslc Blmlngham Repertory Theatre Blrmlngham Royal ballet Blrmln8ham Cathedral 81ue Cr$ Animal Charity Blrmln8ham Childrens Hospltal Breast Cancer Barnardo's Brainwave Brit15h Heart Foundation Bowel Cancer Charity 500 I,oco 500 3,500 3.OCKI 3,OCKI 3,C0 3,WO i.ooM) 1,5CKI 2,OC¥) 100 2,000 I,IvJo I,0 3,0 Cats Protettion League Craftspate Compton Varney House Dog5 Trust Durrell Wildlife cseatIon Trust Edward5 Trust Fare5hare Mldlands Home from Hospltal H05pice Charty Partner5hlp Hoty Trinity Church, Jersey Jersey Animal Shelter Jersey Hospitè Care Jersey Opera House Lupus UK mmIlIan Cancersupport Martlneau Garden5 Mal¥ern Theatre Midland Air Ambulance Marie Curie Motor Neurone Disease A550Ciation Multiple Sy5tern Atrophy National Churches Trust 2,000 2,CM)O I,IM)o I,0 750 1000 1,500 3,ODO 5(K) i.oc i.oc 1,0 2.0 Page 7 continued..
ThE0AKLEYcHARAu{E TRUST NOTESTOTHE HNANaALSfATEMENTS. contlnuod FOR THE YEAR ENDED 5 APRIL2025 GRANTS PAYABLE. contirM•Ed National Theatre NICE- Centre for Movement Disorders PoppyAppeal, Jersev RNLI Ridin8 forthe Disabled Royal shakespeare Companv St Mary'5 H05p5ce (Blmiinghaml Salvation Armv stroke A55(Klatlon Terrence H588lnsfrust Queen Elizabeth H05phal Charlty Warley Wood5 and CommunltyTru5t Wiltons Muslc Hall Whlzz Klds 2.5(X) 2,D)O I,OLNJ I,o(xs 1,000 SC i.coo 750 71,100 TRusfEES' REMUNERATION AND BENEFITS There were trustees, remuneratlon OT Other beneflts for the ytar ended S April 2025 nor for the year ended S Aprll 2024. TRUStEES' EXPENSES There were no trustees, expenses pald for the year ended 5 April 2025 norfoT the year ended S Aprll 2024. srAFFcosrs 2025 2024 Wages and salaries Soclal 5ecurily costs 00 124 10,124 The average monthly number ofemployees durlng the wr was as follows-. 21ll5 2024 Admin15tration No employees recelved env)luments In excess of £60,OtKI. Pa8e 8 continued...
THE OAKLEYCHARftABLETRUST NOTESTOTHE FINANCIALSfATEMENTS- conflnued FOR THE YEAR ENDED 5 APRIL 2025 C<JMPAKATIVES FOR THESTATEMENT OF FiiIANaAL ACTMTIES All of the funds In the Statement of FinarfSal Activities in 2023 were unrestricted. HXED ASSEf INVESTMENTS sted investments mARKVALuE At 6 April 2024 Addltions Disposls Revaluations 3m9.121 251,608 {240A291 {115A891 At 5 Aprll 2025 2.934,811 BOOK VAWE At 5 April 2025 2.934.811 At 5 Aprll 2024 3,039.121 There were no investment assetsoutsldethe UK. The historlcal cost of Ilsted investments wlthln the Permanent Capital Fund a5 at S Aprll 2025 was £2.269.086 12024.. £2,228,792). CREDITORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 2025 2024 Taxatlon and social setur5ty Other creditor5 $31 a2lXI 1,20) 3,ni 1,2(M) MOVEMEIIT IN FUNDS Net movement In funds At 5.4.25 At 6.4.24 Unrestrkted lunds General fvnd 3.152A63 {138.105 3,014.758 TOTAL FUNDS 3.152.863 1138,1051 3,014,758 Page 9 continued...
THE OAKLEY CHARITABiE TRUST NOTES TO THE FINANCIAL sfATEMENTS-conflNed FOR THE YEAR ENDED S APAIL 2025 mOVEMEr IN FulS- tontlnued Net movement in fvnds, Included in the above are a5 follows= IomIng resources Resources expended Galns and losses Movement In funds Unrestrkted lund5 General fvnd 8338 11013111 1119,6321 1ts8,1051 TOTAL FUNDS 83138 1119,6321 1138.1051 Comyratrles for mo¥ernwt In fvnds Net )vement In funds At 5.4.24 At 6.4.23 Unrestrlctsd funds General fund 2,9(%,120 246,743 3.152,863 TOTAL FUNOS 2.906,120 246,743 3,152.863 ComparatNe net movement in funds. Included In the above are as follow5.' Incoml resources Resources expended Gains and 105ses Movement In fvnds unrestthd fund5 Gèneral fund 87,375 188,0381 247,406 246,743 TOTAL FUNDS 87,375 188.0381 247.406 246,743 A current year 12 months and prioryear 12 months comblned posltlon Is as follows.. Net movement in funds At 5.4.25 At6.4.23 Unrestrlcted fvnd5 General fund 2,906,120 108,638 3.014,758 TOTAL FUNDS 2,906,120 108.638 3,014,758 Page 10 continued...
THE OAKLEY CHARftAeLE TRUST NOTESTO THE FINANaAL STATEMENTS- Mntlnued FOR THEYEAR ENDED S APRIL 20Z5 MOVEMENT IN FUNDS. tontInd A current year 12 month5 and prior year 12 r(M)nths comblned net movemert in funds. Induded in the above are as follows.. Incornln8 resources Resources expended Gains and losses Movement In funds Unrestrktsd lunds General fund 171,213 1190,3491 127,774 108,638 TOTAL FUNDS 171,213 1190.3491 127,774 108.638 The General Unrestrictd Fund represents unrestricted Income whlch 15 expendable at the dlscretlon of the Trustees in the Furthèrance of the objerts of the Charity- io. RELATED PARTY DISCLOSURES Ther were M) related partytransactlons for the year ended 5 Aprfl 2025. Page 11