Registered Charity Nunthr. 283162 Oakfield {Easton Maudit) Ltd (Company Llmited by Guar3ntee) rruste• Annual Report and financial *tement For Year Endin8 AuBu5t 2023
Contents Report ofthe TrUStS Page3tog Report of the Independent Auditors Page 10 to 13 Ststement of FÉnancial Activitses Page 14 Balance Sheet Page 15 Cash Flow Ststement Page 16 Note of Financial Ststement Page 17 to 32
The tNstee5. who are asso directors of the chartty for the purposes of the Companies Act 2{, present their reportwith the fJn2ncial ststements of the chartty forthe year ended 31 August 2023 The financial statemèftts comply with the Charities Art 2011, the Companies Act 21x6. the Memorandum and Articlès of Association. and Accounting and Reporting by Charities: StBternent of Recommended Practice applicable to chaffties preparing their accounts in accordance wilh the Financsal Rèporting Standard forsmaller Entitles. REFERENCE AND ADMINisfK4TIVE DEfAILS Oakrield (Easton Mauditl Ltd is a charitablÈ comp3ny limited byguarantee. incorporated on 24th July 1981. and regt5tered a5 a chartty on Il" September 1981. The Company wa5 established under a Memorandum of Association, which established the objects and powers ot the diaritable compary and is governed underArticles of Association as amended April 2021. Re8istrat*)n with the CQC (Care Quatity Commission). CQC Provider ID..1101652301 Board of Tntstees 202212023 The members of the Board are Trustees of the Charitsble Company and Dirertors forthe purposes of Company Law. The followingTNstees held office duringthèyear. Mrs. Sara Morrison- Chairperson Mr. Clive Reeder-lfice Chair Mr. lan Metcalf-Trustee Mr. Alan St3pleton-Trustee Mr. Ricard Wood-TrustÉe Mrs. Claudia SJabon-Trustee (appointed 17January 20241 Règisteréd Offitè Easton MaudFt Wèllingborough Northamptonshire NN29 7NR Audttors Cotton Accountènts LLP Ststutory Audr(ors l Billing Road NorthamptonshÈre NNI SAL 8ankers National Westmirbster 88nk Pl¢ 40 Market Street Wellingborough Northants NN8 IAD Solicitors Borneo M3rtè11 TumerCouL%tr)n LLP Solicitors 29 Billing Road Northamptonshire NNI 5DQ
STRucfuRE, GOVERNANCE AND MANAGEMENT GDverning document The ChaTÉty is a company limtted by guarantee and t5 constituted bythe MenK)randum and Articles of Association of the Company. The TnJstÈesof thecharity consist of both professional and local people with knowledge of Compafty Law. All major decisions of the Charity are made by the Trustees/8oard of Directors. The Charity's risk pollcy Ss reviewed regularN and fom)sthe basis forthe reserves policy shown in the firtancial rewew. Recntitment appointmenL andtraining of ttÈw truthes New Trustee5 are 5elerted based on the skills and input they can contribLrte to the Board. Candidates are provided wtth an explanation of Oakfield's aims and obje£ttves induding Trustee duties and the time commitment invofved in being a Trustee. This is followed by a toui of the Easton Maudit and Yardlèy Hastings seTvices and an introductÉon to the people we gjpport and straff. Potential Trustees are invited to become members ot the Company Oakfield (Easton Mauditl Limited and to undertake to be bound bythe provisions sÈt out in the Articles ofkncration. An infomiation pack. conslst4ng of a ¢opy of the Articles of Association, mrnute5 of previous meetings. detsils of future meetings and an invitstion to attend the nèxt Trustees, meetin& is issued. This pmvides an opportunty to meet the exi5Ling Trustees and to become acquainted wtth the modus operandi of thè orgarri23tion. Following satisfactory references, DBS check and fomial appointment to the Board. Trustee5 are provided with copies of the relevant Charity Commission guidelines. They also receive a copy of the DirÉrtors' Responsibilities asset outin theCompanie5Act2006. Copies of the managerial and financial Feports for discussion at meetings are issued OE week prior to the meetings. On an ongoing basi5,Trustees are keptabreastof any updatss in legislation, guidance and pollcy news published by the Charity Commission and Companies House and they are expected to take a regular Inte5t in. and be familiar with, the attivitses undertaken at Oakfreld. They are also encouraged to attend any cout5es deemed to be relevantto the role they fulfil on thè Board. Members of the ChafftablÈ Q>mpany guarantee to contribute an amount not exceèding £5 to the assèts of the Charitable Company in the event of wtESding up. The total number of guarnntees as of 31 August 2023 was 12. organitIOnal Structure During this financial year we have not FecEuitett any Tru5tee5. however neither have any resigned. Strengthening the board of Trusteès is a matterwe keep hith on ourllstof prloritie& Ideallywewould Ilke 7 or 8 Trustees and contir5ue to vKJrktowards achievingthis goal. In March 2023 we renamed our Operational Manager as Charity man3r. She ha5 continued to develop what we do in line with the 5-year strategic pian Trustees set out in 2021 and published on our website under the'governance, tsb.
We have strengthened our quality a55ufzFtce and appointed one person to undèrtakè our regular auditing. In additK)n to this the Registered and Charity Managers both carry out monthly audits of both services providing a high level of ovetsight and reassurance to Trustees. This year therÈ have been changes to legislation in relation to people who require specialirt housing. We have been stspp¢rted by colleagues in the l¢xal councib and now have a clearer understanding of whatthat means for Oakfield. In essence although we will continue to adhereto the vtsion andvalues set out by our founders we Deed to Ènsurè that the business is OWdnized to meet the requirements of new legislation and standards remains frt for PUfP05e and compliant OBJECTIVES AND AcnvmES Charity objectives The objective of the Charity is the running of Oakfield (Easton Mauditl Limtted, which comprises two seNices for adults with leaming and physical disabilitÉes and in need of special support. The Charity aimsto promote and develop the independentlivingskills tsf the adults it support5 and to provide them with educatitinal and sheltered workplace opportunities within the community, thus enablingthem to ad fullerand more meaningful lives. Public benefft The Trustees/Directors confirni that they have complied with the duty in Section 4 of the CharftlesAct 2006 to have due règard to the tharity Cornmission's general guidance on public benefit. Stscial Investments Oakfield (Easton Mauditl LimTted does not rely on any voluntsry SLEPPOrt for the PrO$)n of agreed care to reswJents/tenants but èmploys permanent staff with appropriate qualifications. The Charity revjew5 all fee income from the placing authoritses as rÈqulrèd. and more regularly if there is shown to be a change in the neèds of the people we supporL Voluntsry help Donations have been reIVed for much needed capital equipment refurbishmènt costs, the day service and the Opportunity and Support fund. Thanks are due tts Compton Estates fortheir contlnued support. Information and education Focused and relevant staff tralning has bèèn, and continues to be. sourced both intemalty and externalty and senior members of staff are encouraged and stjpported in the delivery of in-house training. Trustees are invited to partiupate in staff tratning sessions to glve them a greater insight into the daily njnning of the serwices. FundraIsI & PR Our Fundraiser heads up ourfundrdistngto developthethartty and the live5 of the people wesupport at Oakfièld. All nTh)nies raised have been used towards thè designated aa of funding. Salary costs are covered bythe business. Aciivities In September 2022, work to complete the next 3 flats at Easton Maudkt started. Thi5 phase of the re- development plan created 3 flats in forEner unused offices and a communal sp2ce on the first floor.
thof We were delightedthat 3 ofthe peoplewe support moved into their newfiatson the 5 May 2023. tt was a memorable day. Th)t least thÈ Èmotiori of witnessing 3 people who have lived in a residential setting for many years mo¥e Énto their own homes with a tenancy and the same rights and facÈlities as any othertitittn. Staff workèd hard to ensurèthatthe transition was as smooth as possible and although some people to¢k a little longer to settle in than others the outcomès they havè achieved in a short time a beyond all expect)tlon> With support people are now doing their own strK)ppin& washing, and preparing meals. One relative wrote to Trustees stating that she never thought her gon would make her a cup of tea in his own flat We have ptjblished a pa8e on ourwebsite wrth testimonies from the people themselves and thèlr keyworkers who have supported them through the process. In the Autumn of 2022 in addition to the redevelopment work we continued to Mxprove the Easton Maudtt building. We replacedthe cer¢tral heating boilersand fire alarn) system and contintsed rular re-decoration and refvrbishment as required in a large building. Irr the SLSrrtrwner of 2023. we re- decorated au the communal areas of the Yardley Hastings building and replaced some of the ttjmmunal furniture. It did not seèm 7 years since the building had been developed however time passes quickly and we want to maintain the samè high standards throughout Our gardenerlgrounds man continued to work to improve and malntsin the grounds at both sltes along with the help of dedicated ¥olunteers. We remain indebted to Dave and Carol who very generously give of their time, particulady at Easton Maudrfc and Gill and Janewho have adopted the peace garden atyardley Hastings and continue to maintain ar¢d devekp it. The volunteers have had such a positive impact and along wrth the gardener have created a wonderful outdoor space for all the people we support to enjoy. We have continued to promotethe Oakfield charity and in addttron to apptyingforgrants fromTrusts and FOUndatn5 have introduced smaller more lordl fundraising schemes. A pop-up charity shop hek* once a month at our Yardley Hastings site has proved very successful. we have regular supporters who purchase our goods and enjoy a drink and a cake. Another exciting development this year has been the introduction of our'seed to Plate. projert and Care Farm. In May we recruited a Managerforthe Day Opportunity service and in eaFlyJune installe a portacabin which has become a learninghub. In addition, donations allowed usto lay pavingwithin an existing potytunnel and purchase another poly tunrsel which Wbll have raise(I bed5 to grow produce. Several of the people we support attend sessions atthe day se1¢e alongwith people who live elsewhere. We have published information on ourweb5ite in respect of the projert and posted pittures of people enjoying Zctivrcies and making various items for the animals for sale. We continue ta remain extremely grateful to the 5UPPOrt we have receFved fFDFn Indlviduals, Trusts and Foundatlons Funding Authorities and other external people who are interested in what we do. We walue all our partnersand know that byworktngtogetherwe can achieve what may have seemed unachievable. FINANCIAL REVIEW Fed assets The movements in the fixed assets durtng the financial year ère set out in the notes SUPFrt)rting the financial infomjatitsn. HoWer, thè TnJstÈÈs bÈlaeve that the turrent markèt valuè of the bulldings continLEeS to exceed the book value.
Flnantrèl Review The Chaiiws policy statement of finanaal management is to ha¥e sound finance management throLtghouttheyear. In September2022 the Finante Manègerleft ouremploy.Trustees reviewed the options and have contracted with our Èxtèrn31 accoLtntsnts to provide accountancy ServiS. In addition. the Office Manager has beèn trained to cary out many of the bookkeeping functions. We have continued to work to strengthen the various processes which were previously in place, maximizing use of the accounting package and replacing outdated and cumbersome financial arrangements. PrÈncipal sources of our operat)nal fvndlng are the placing authorithes, and expenditure 15 ommensurate with the provis2n of a high standard of care WFthin a warn), homely environment. However, to justify requests for In¢ased fundin& it is netÈtsary to itemize charges for pwple we cère for, and to Carry out reassessments of each of their nee(Is. Thi5 is particularty relevant as the resldent population ages, and the demands on stsff become more complex. Fartors othside the Charity's control are the potential loss of inttjme resulting from placing authorities, non-repLi£ement of res*Jents and changes in government policie& Tho financial year 2022-2023 was again an extremely challenging period for Oakfield. oakf[d ontinues to experience the upward pressure on our costs. especially stsffing costs. IncreaS to the National Living Wage. the need to keep parity betsveen intemal staff pay leve15, the mandatory 'Autom2tic Enrolmenv pension contributions and inflationary pressure5 from our other suppliers rèmain challenging issues. The trustees have a150 Strived to reward thè èxcellent work done by the care staff over this very drfficult peritsd. We have worked closety with the County Councils and other fvnding authoritres to maximize the ftJndin8for care 2nd accommodation provSded. At the end of August 2023, the Supported Living Centre at Yardley Hastings had 11 tenants and I vatancy.Thè Eag(on Maudst fdre home continued taaccommodate 10 residentsand 6tenkntsaswork to upgrade six areas inttj supported living flats in the property was cgmpleted and these octupièd. Generous donors have made the conversion to supported living accommodation possible and durrng the 2022-23 financial yèar £345.286 was received by Oakfield which includes fijnding for f(Jrther a¢¢ommodation convÈrslons into supported INing apartments in 202>2024. Overall. for thè year, the Charity athteved a totsl operational income lirscome excluding Donationsl 2023 _ £2,266,72912022- £1078,7571 which was an increase of 9.04%. Costs were hezvity managed bLrt some unexpected major repairs to the Easton Maudit property were inc4JrrÈd, and expenditure was £2349.42212022- £2.099,6431 an increase of IL9%. This resulted in a net lossof £82.693 forthe vear. Qur cash reserves. however, remain robust. Costs included the acquÈ5ttion of several agenry care staff to cover for shortages caused by the pandemic which will hopeful be reduced in coming months. Payroll costs coTrtÉnue to be the major element of expenditure Trn the charty, and Tru#ees are aware that the increase5 caused by movements in the National LNing Wage will aayS pruvide a major finanaal challenge to the business Reservs Poltcy The Charitièg reserves at year end stood at £L915.044 with most of the reseNes tied up in the bUding5 at Yardley Hastings and Easton MaudiL Cash reserves are reviewed monthly, and Oakfield are focused on Increasing the cash reserves t
reflect the Charitys flfture needs and for contingentS and unforeseen costs. A primary area of focus is the coltection of the debtors, book. and this is managed. The Chartycommission does notgive set tsrget or range of reseNes that are quIred- however, Oakfield aims to have at lèast 2 months running costs as cash reserves. In May after extenslve earch and referen¢e to cther charities. the Trustees aed to seek a better return forthese cash reserves and have placed £2ffI.O with M&G in their Charities Fund. The M&G Charrfund ctjrrently yields a dividend in excess of 6%. The London FfsE has a current yield of rirca 3,5%. The value of the M&G Charifund does fluctuate as it is invests primarily in the London sE. At the year end the value had fallen to £192,297. The intent is to hold the funds wtth M&G Ch2nfund as a long term investment. However rf Oakfield does have need of these ndS they are available with a 24 hour notice perKsd. The Charity continues to revt¢w the level of reservesto ensure they represent sufflent cover for any future liabrlitles and contingentiès. Future Plan OakfFeld is planning on 2023-24 being a yeai when we finalize and embed the changes identified from the review of the Company structure and continue to push on with thè artions ideratified in our 3-S-year strategic plan. We are committed to raising the ndS to continue with the upgrade of the Easton Maudit building and to continue to develop the grounds to make this a lovely space for all the people we support to use and enjoy. In addition to developing the Day OptUnIty service. Seed to Plate and Care Fam) projects. We will continue to develop the grounds at Yardley Hastings providing a community garden for both the people we support and thè l*xal community. It is our intention to increase our partnership nerkS and create a new Marketing strategyto iTnprove our profile. Oaklt remains commttted to being a prowder of Choi and to influence the market. TRUSTEE5 RESPONSIBILITYsfATEMETrrr The TnEstèÈs (who are also the directors of Oakfield IEa5ton Maudit) LÈmited forthe purposes of company lawl, are responsible for preparing the Report of the Trustees and the financial statements in attordancè with applicable law and UnSted Kingdom Accounting Stsndards IUnFted Kingdom Generally Apted Accounting Practice). Company law requires the trnstees to ppare financial statements for each financial year which give a true and fair vièw of the state of affairs of the charitable company and of the incoming resources and appllcation of resources. including the income and expenditure, of the charitsble company for that period. In preparing those finanaal statements, the trustÈÈs are required to.. selert suitable accotfrFrtTrng policies and then appty them consistently. observe the methods and principlès in the Chaiity Statement of Recommended Prartice. make judgements and estimatesthat are reasonable and prudent. prepare the financial statements on the going conrn basis unless it is inappropriate to presumè that the charitable company will continue in business. The Trustees are responslble for keeping propèr accounting records. whith disclose with reasonable accuracy at any time, the financial position of the charitable company. and to enabSe them to ensure that the fEnancial statements comply with the Companies Act 2006. The¥ are also responsible for safeguarding the assets of the charitable company and hence, for taking reasonable sreps for the prevention and detection of fraud and other Irregularities. srATEMENT AS TO DISCLOSURE OF INFORMAnoN TO AUDITORS
So far as the trustees are aware, there is no relevant information las defined by Section 418 of the Companies Act 20061 of which the charitsblè company's auditors are unaware, and each trustee has taken all the steps that they ovght to have taken a5 a trustee in order to make them aware of any audtt information and to establish that the charltable companvs auditors are aware of that infomation. ALIDITORS The auditors. Cottons Accountants LLP. wlll be proposed for re-appointment at the forthcoming Annual Gefteral Meeting. This report has been prepared wtth the special prowsions of Part is o* the Companies Act 2006 relatingto small companies. Approved by order of the board of trustees on signed on its behalf by: Zl. 3.24. and M. Sara Morrison- Chairperson
OAKFIELD (EASTON MAUDIT) LIMITED INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF OAKFIELD (EASTON MAUDIT) UMITED Opinion We have 8jited the financial ststements of 0[j (Easton Mauditl Limited {the 'char} tr the year ended 31 August 20Z3 whictrt comprise the ststemeni of finanaal activrries, the balar sheet, the ststement of 5h flows and notes to the fin&naal staternents. induding signthp2nl accounting policies. The thiarlcial reporting frawork that has been ap1 in their preparation is ap[Aicae Jaw and United +angdom Acaxjunting Standards. induding Financpl Reporting Standard 102 The FinancFal Rewrbng Stèrjdartl èpplicab16 in Ihe UK Ènd Republic of iTrland (United ngdoM GeneraItyAccePt Accounting Pfacticel. In ouropinion. the ffinanaal Statements.. give a twe and lasr wiew of Ihe state of the charrtat4e compatys affairs as at 31 August 2023 and of its in(oming resources and ap[cation Ofre50ur. forthg year Ihen ended.. have been propwly prepared in a(xx)rdance with United lfjngdorn GErrally Accepted Acc£Junting PractiC8" and hwe been prepaFeLI in accordance wth the requirem$ crfthe CompaniesAct 2006. Basi5 for opinion We condu(knJ audit in a¢rA)rdarKe wilh InteFn8th?nal Stand8rds Audrting (UK) {ISAs IUKII and applicable law. Our responsibl] ties under those standards ate further desuit)ed in the Audttofs rèsponsitHlthès ftir the auLYit of the IFnartial sfatements s•0 ol our reporL Wè arè independent of the charity in aco)rdance wth the ethifxl requirements that are rdw4nl to ow audit of the fjnancial statemènts in the UK. induding the FRC'S Ethica] Standarf, and we have fvlfilled our other èthical r8sponsibdities in aCrd¢ with these requirernents. W8 b8f18V thal the audit eviden¢e we have oblained is sufvient and appropriateto provlde a basisfor our opinion. Coneluslons relatlng to goFng ncern In auditing the ffinanoal slatements, we have conduded that the trusleeg of the going tYj[n basis of ac(ountin9 in the preparation of the finandal statemgnts 18 appropti8t& Basèd taft th work we have performed. we have not iderstifkd any material uncertainties refats'ng to gvents or ColiOn$ thaL in¢vidualy or c(Alectivety, may t swnifi13nt d(Trubl on 1he charity's ability to ¢xntinue as a 9oing ¢ortem for a period of at least iwefve months from when the finanoal siatements are authorised for issue. Our respOnSlIeS and the r&s$Tbl1it1&s of the trustees resrd to going concern are described in the relevant sedions of this Other infonnation The olh8r infom)ation MpTiSeS the information indude(l in the annual report othèr than the financkl statements and our auditorfs retxjrt thereon. The trustees are reyn&bte for tho other infottnation )trIned vrithin the annual reporL Our opinion on the finanoal staternents doBs not coverthÈ other infcKrnation and do not express anyform of assurarre wrdusion thereon. Our responsithfty 1$ t) read the olher informalton and. in dOg so, consider whether the olher informalion is materiamy )conSIstent wth 1hè finanaal statements or our knovledge obtained in the u)urse of the audii, or othewse appears to be Fllaterid misstated. If we identtty such material inconsistenctes or apparent Material mtsstalements, we are Uired to dÈtermin* whether thts gives rise to a material rrdSSt8temènt in the finanoal statements themsdves. If, based on the work we havè {f0md. we corthjde that there 18 0 material misststement of this other infomwtion. we are required to reportthat facL We have notNro to report in this regard. Matter8 on which we are require(I to rep)rt by exwtion We have thing to report in resFect of thÈ fdknwing matters in reLaUcffi to whhth Ihe Ch8rib&s IAco)tsnts and ReporLsl Regulations 2008 Fwuire us to report to you rf. in ouroFénitin'. the infom)ation giv in the finanoal statements is inconsFsnI in any material respect the Injstees. report", or suffioent attountiThJ recorts have not been kept: or the finanu21 statents are not in agreement wth Ihe awounting reco$. tsr we have not recetved all the inlormation and explanations we requi f ouraud 10
OAKFIELD (EASTON MAUDrr) LIMITED INDEPENDENT AUDThOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OAKFIELD (EASTON MAUDrr) UMITED Responslbllities of Irustees As explained Ye fijlly n th¢ statement of In&es' ponsIbIliti&$, the trustees, who are also the direcors ofthe chanly for the p(trp05e ol (x>mpany law, are responstble for the yeparation of the finanal ststements and for being SaSfied Ihat they give a true ond fair vpw. snd for such intefrol LX)ntrol as the tNStees delermine is rE(EsEary lo enable b)e preparation of financial statements that are free from material misstalemenl, whether due to fraud or effor. In preparing the financyal staternents, the tsijstees are responsibte ftr assessing the Charity's ability to continue as a goM)g conrm. disek)sing, as appI¥ble, matteTS related to going concem and the going c¥Jncem basis of acwuntiwwJ unless Ihè trustees either intend to 1Èquat the charitable company or to opwattor4 QF have no realistic atemativg but to rjo so. Audttorf¥ respon$ibiffti•s for the audit of the finala1 statejnents We have bn 8PPONrtèd as auditor under section 144 of th8 charits Act 2011 aNI rgFrfXt sn acc4Ydar wtth the Actand relevant wegulations mJè or having effecttherettnder. Our objecoves are lo obtain reasorob]è assurance atrrfjui wl)ether the finafteAI statements as a whole arè from materk81 misstatement. whether due to fraud or effor. and to issue an auilitots port that iThdudes our opinion. Reasonable assurance is a h¥h level of assurants but is Th)t a guarydntee that an gudil condurted in 8ccordarKe wrth ISAS (UK) will ahyays detect a material mL%ststsment when it e$ts. Misstatements can arise from frdud or error and are (x)ndeTed matgrial rf, Indtviduamy or in the ajgregate. Ihey cOd reawnaity be ex1cted to imluenre the ecoTr)mic decisions of users taken on the basis of thesè fr)aal $tateTnents. The extent to ourprocduresar8 capable of deteciing irregubrilies, dUding fraud. i% detaiw b8knw. 11
OAKFIELD (EASTON MAUDIT) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OAKFIELD (EASTON MAUDM LIMITED Irrogularfes, SndudirwJ ftaud, are in5taw of norFa)mplK8nce hth Eaws and regulation& We dèsign proc•dtsres in Sne with wr responstbilTt¢es. oulJin&J atthie, to detect matenal mIsstatents in resptttt of Yregularibes. indudirg fraud. The ¢xterrt to whith our prxydures are ¢8pabie of delerng irregularilies. induding fra, is detailed beh)w. Our approath to idenbtyng and assessirw fhe risks of rnatgrwl Tllisststemellt in respect of regrities, induding fraud ar4J non-compliance with laws and reguFations, was as follows". the engagemont partner ensLtred thal the engagernent tearll colleLNely had the appropriato cornn, capabtieS and skrfb to identfy or recognise norpo)rnpliancewilh appScable18ws and reguk8tions,' - we Idtil) Jaws and regulations applicable to conpany through discussKJns th dlrectors aYKJ oy management and from our commercaal knowkd9¢ and exp¢n of th¢ Gornputer comporlent manufactutfng at)d upply sector - we fSed on St1C laws and regulaticn5 whith we COndEd rrw have a dwecl Materi effect on the financial statements or tr operiDns of thè company, indurfing Companies ArA 2(106 and heallh and safety legislation; - we assessed the ex1 of eompliance whh and regulations identifieil above through rnak9 enquiries of management and inspecting legal correstM)nden(%', and - Klentifred laws and reguJ8tions werè commurw(2ted wthin the audit team regularty and the learn remaineil a]ert to InStsn of non-complk8nre throughout the aud We asse55ed the sUscptit1ty of the (x)rnpanYs ststèments to materiaj misstatemen¢ inchjding obtsirun9 an Unders1ding of howfraud might occur, by. - makiF]g enquirie$ of management as to wh thay consKlèrsd Ite was suscepts'knlty lo fraud. Iheir knoledge of actu31, susperhd and all89 frdud: con9ding the internal ¢x>ntrols in p]81? to wnitigatè risks of fraud and non ornpliawKe wtth laws and regulati(y. To address the risk of fraud thmugh management bias aThJ override of wttrols. we: - perfomied anal)tl procedures to identify 8ny Unusu or Un8X relationships; - tested joumai entries to identify unusual transactions", - assessed whetheriudgements and aumonS madè in detemiiiing the arUnting estims We indutive of potential bias: - invesligated the r8tiorr81g bèhind nificant w unusual transactions: In response to 1h8 1?sk of iffegulathes al nonwC4)mF4wco wth laws and regulatirJ)s, we deygwl procedures vthich induded. but were not limited to.. - 89reeing statement direS to underlyTry supportino doujmentstion", - reajing the minutes of rneetings ofthose ¢fKarged with governance.. - énquTring of managennt as lo actual and potential lits"yation arKi daims. - r¢v¢wtng aJrres5xJThJence with HMRC, relevant regubtors d the CONan$ legal adviso Th8re aB Inhent limitat#)ns audit procÈduras at4)v& The rKJre removed and regutIOnS are frorTr finanual transaction5, the less liw it is Ihat we would becomè aware of nOr0MplianCe. standards also limit the audit procedures requirèd ty identify norKornpliance wth kn¥s and regufations to èwuiry of the directors and otragr rnarwJernent and the of regulatory and Ial COespC1xIen¢e. ifany. Material misstaten78nts that arise due to can be harder to dttact than those that aii5e from error as they may nv(Ave delibernte ConTren? orcdlu£icw). A further dowptron t3f uur respor¢lbllities is aydiiablg gn th? Firtaa ReporUng Counc4's wfjbsit8 at. httpsjl www.frc.org.ukJauditLySrewibTthe Thi8 description fomis partof ourau¢Jitofs report Usa of our report This pOrt is made to the charity's trustees, as a body, in aldance with part 4 of Ihe Charities (Accounts arKI Reports) Regulab"orts 2008. Our au¢t work has been undertaken $0 that we rnight ststè tr) the Charity's trustees those mattws we are required lo state to them n an auditors report and for no other purpose. To th8 leSt èxtenl pemiitted by law, we do not aecepl or assume Fesponsibilty to aryon8 Oth8r than the charity and the c*arity's tfustses as a body, for au(tht work, forthis report, or for the opNiions wè have fomied. 12
OAKFIELD (EASTON MAUDtn LIMITED INDEPENDENT AUDTTOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OAKFIELD (EASTON MAUDtt) Lll•llTED David Ingran FCCA(S•ni*YStabil•ryAuditorl 30th April 2024 Northampton NNI SAL s auditor ofa t$ÉY wJdersectb)n 1212 céthe CompaTheSkt2J& 13
OAKFIELD (EASTON MAUDIT) LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 fund$ 2023 fvnds 2022 fvnds 2022 2023 2023 2022 Income Hnd endowmerts from: Donalions and legacies h8rita14 qbes Income fM charitsble activths 326.994 21.674 348.668 141,364 127.814 269.178 2.240. 2,2410.966 2,078,556 1078.556 Fundraising events Olher trddiffj activtbes OtheT inEX)me 1.017 871 23,683 192 1.209 871 23.683 200 200 Total inwne 2,593.531 21.866 2.615,397 2,220.121 127.814 2J47.935 h8ritaNe actmti CharitaLle actvitie5 2.3.261 19.972 2.342,233 2,039.895 59.734 2.og9.629 Other eXpdiAre 12 6,688 7,188 14 14 Totsl expendthJr¢ 2,328.949 20.472 2,349.421 2.039.909 59.734 2.099.643 264.582 1.394 265.976 180212 68.Q8CI 248.292 Transfèrs between frJnds 51.080 151.080) Other reeognSsod gaitts and losses: OlheT losses 14 (7,T03} f[,703} Nèt mov¢m8nt in funds 307,959 (49,6861 2S8,273 180.212 68.Q80 248,2 ReColI1allon of fund*" Fund balances at 1 September 2022 1,548.199 108,572 1.656.771 1.367.987 40,492 1.408,479 Fund balances at 31 August 2023 1,856.158 58,886 1.915.044 1.548.1Yg 108,572 1.656,TTI The ststernenl offinrya1 athib¢s IndleS all wdins ar losses re¢xgnised in the year. AH income and expenditu d8Tiv8from o)nlinEting acbvities. 14
OAKFIELD (EASTON MAUDIT) LIMITED BALANCE SHEET ASAT31 AUGUST2023 2022 Not*s ed assets Tangible assets Investments 15 16 1.380,747 192.297 1.197.805 1.573,N4 1,197,805 CunEnt assets Debfors Cash at bank and in hand 17 294,472 387,107 204,062 738,379 681.579 942.441 Creditors: fallin9 due within one yeaT 19 295.099 359.160 Net cuwentassets 386.480 583281 Total assets le cu¢nt IlabHltles 1.959.524 1.781,086 Creditors: amounts falling due after more than one year 20 {44,4801 1124,3151 Net assets 1,915.044 1,656.771 Thè fvnds ofthe charity Restri¢ted ITr)e funds Unrèthctèd fuThJs 21 58,886 1.856.158 108.572 1,548.199 1.915,044 1.656,771 The company is entitled to Ihe exemption from the audit requirement ¢tsined in section 477 of Companies Act 2006. forlhè yearendl 31 August 2023. alttrK)ugh an audit has been catti8d out nde[ sectK)n 144 of th8 Chartbes AcX2011. The dKect(Ks ackn(){jg8 their for (withing with the T8quirernents of the Cvmpanies Act 2006 th rèspect to accounting records and the pr•paralton offinat7oal statements. The membern have not reqTJired the company trj obtain an audit of its finanoa statements uThYer the requ1MlS ofthe Q)rT1paniAfyI 2006. foFth8 ye8r in question in wilh secbon 47& These finanaal statements have been prepared in aCrdan with the provisions appltcable to compan$ subject to Ihe small companies regime. 27.3.z The finanrAat statgm$nts wer¢ approved bYtr trustses Qn ......................... Mrs S Moniso Company regkthtion number 1576142 (Engiar aELd Wales) 15
OAKFIELD (EASTON MAUDIT) UMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023 2023 Cash Ilows frt)m operatln9 athiti8s Cash generated from opgrations 223.587 252.146 lttv•stsng actlvltles Purchase of taroible fixèd assets Proceeds fr(rtn thsp05al of tangible fwl assets Investrnaiit addition Investrn8ftt income reived (268.7341 (67.9931 l(M) 1192.2971 871 Nèt eash used in InvestÈng actlvftles (460,180> 187.8921 Financing a&ivitles Repaynt of bank k)8ns 1114,699) 159.3931 Nèt cash used in finaneirtg aclivbties (114,699> 159,3931 Net IdecrÈaseYincr&ise in oash cash equivalents 1351.272 124.861 Cash an(t cash equivaents at jing of year 738.379 613,518 Cash and ¢quNalents at end tsf ymr 387,107 738,379 16
OAKFIELD (EASTON MAUDIT) UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 A?n11Thg policies Charity informknon 08kfield (Easkn Mauditl Limtted is a Company linwted by guarantee and does not have share (apit#L It i% stered Charity {Registratn Numb¢r2831621 and rnembèrs of the charitable CoTN)aDy guaranlee to ttjntribute an amount not exceeding £5 to the assèts of the Charitable Cornpany in the evenl of windiryJ sjp. The total number of guarantee$ at 31 August2022 was 612021: 61. 1.1 Accounting convention The fjnancaal slatsments have prepared in ac(x)Fd&nce vthh the thariVs [goVerrng dOtsJNnt1, the Companies Act 2006, FRS 102 Yhe FiTr8llCi81 Reportiro Standard applic2tAe in the UK and ROpubj of Jreland" I"FRS 10T) and th& Charibes SORP "Accounting and Reporting by Chariiies.. Statement of Reu)mmen¢led PradiL¥ app&tsIe to Laritses preparing their accounts in accordance th the Financk Reporting Standar(J ap[AiCab in UK and Repu of Ireland (FRS 1021" (effectivè 1 J)uary 20191, The tharity is a Pubfj¢ Benefft Entity as defined ty FRS 102. The ffinancia stst•nnts are weparad in stethg. whith is the fvncAtonal curenGy of lh8 thanty. Monetsry amounts in these financial statements ar8 rouThJgJ to the re¥est£. The firAnual statemw)ts have been prnpared undèr Iho hbtNiral rAJsI ojnvenlion. The prinupal accounting KX)liues adopted 88t beb)w. 12 Going concern At the tiThe of appThing 117e finanrA ststements, the trustees have s rèasonable èxr¢lakn that thè dr[ty hgs adequatè resources to ctintinue in operalional $ten the foreseeable fUre. Thu$ Ihe trustees continue to 0p1 thè going concern bti%s of acwunling in wepari finanal ststeEnen 1.3 Charitable funds unrethicj fund$ atè availat4e ts use at the d1styttl of the tru8te6s in fi]rlherance of their tharftab otiecti"ves. Designated fisnds are amounts have ba set as4Ye 8t Ihè discrthn uf the Board of Dir¥tors for 8 speafic purpw. Restricted fuThJ5 are suiiect to speofic cldIti.0ns by donors or grJntors 8$ to how they may be used. Thé pury)oses and uses ofthe restricled fvnds are set out in the notès to the financial statements. En(knwMe fvnds are sutyect to SP8tifK ndOnS by (b)nors that the capital ttVJ5t be mawttained by the charity. The charity does Jxittransler incomè bets¥een restricted funds Wilt obtsining the express pomiission of the donors. 1A Incom• Ino)me is recognlsed when the chaty is iegalty entillgd to il afier any p8rfomwn¢e condili)ns have trRen me¢ th& amounts (xn bp measured fyIY, and t is that ino)me wll be fycved. Cash donations are renised on rwpL Other donalitins are reetsgnlsed once Ihe dwity has l)¢en lfied of the donatM)n. urdess rfoTrnance CODdth"ons require d2fenal of the 8mwnt. Income tax recoveréble In relation to donations re1Ve[l under GrftAid or deeds of coveTrant is recognised at the time of th¢ donation. Legacies are reccgnised On receipt or othemse rf the chaiity has been Trot1ed of an impending distnbution, Ihe 8mtyJnt is k), rec4X ss expe(knl. If the amourrt is not kniym. the legacy is treated as a contingentasset. 17
OAKFIELD (EASTON MAUDIT) UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Accouniing pollcles IContinu•dl 1.$ Expendlturo EynditurÈ ig r8ccwJnlsed once there 15 a constructivÈ oblytion to transfer bènèfft to a trurd paty. it is probable that 8 transfer of econom¢ berfjts wll be reqvwed in s&tttemenL and the amrn1 of the oblpjation (x) be measufed relawy. Expenditure dfified ty activity. Tho u>s15 each activty are made up of Ihe tofi of direGÈ and shared costs, induding suF¢)ort costs uwofved in undertaking each acttW. Direct costs attribu1ab to a sinde activity Arè allocated dIreY to that activty. Sharèd Costs which Ix)ntribute to ny) than one activity and support costs hthieh 8Fe fK)tattributabb to a singfe activity aré 8PfXJrtioned betsvgen those activitses on a basis (x)nsiStant wth the use of Tesources. centr staff costs are allcrt3ted the basis of tirre EL and depreation charytrs are alocaled on the portr of the asseys use. 1.6 Tangwe fixed assets Tangibk fixed assets are inffjiaty m885ured at and subsequenty rreasured at ¢J)51 or Ydluation, nèt of dèptsoation and any impawmentlosses. DepreuatK)n is recniSed so as to wjite off the ujst or rdI(tIon Irf less Iheir ¥esidual vaknes over their useful lives on foHowing bases.. Lg Leasehold Planl and Mad)inery Flxiures and ffttings Motor vehiclès stralght over80 ye8rs straigm line over28 years 25% reducing baL8nce 25% reducing balan( The oain or k&ys arIng on tho dispo¥al tsf an asset is dèt8miined as the drffer6nce btheen thè >le proceeds and I carying v8lu8 tsfth• asset, and ss recognis&Y in Ihè statsment offitpnGial a"e& 1.7 Flxed asset investments Flxed asset investrnents initialty measured at transolon price ex(J(ling tsaNsacbon costs. and are subsequentty measured at fair walue at e8th reporting date. Changes in fair value are fecognÈsed in net incomellexp8ndfiurel forthe year. Transaction (a)sts are expensed as incUrrJ. 1.8 ImpaÈnnent of fixed assets At reportin9 date, Ihe ctiarity the caryr#J aNv)unts of tsragible awts to d8tem)in wheihw th8re is any indication that those assets have stfftered impaiment loss. W arry suth indication e$ts, the recoverab SMCnt of the asset is eslimaw in order to deternine the extent of th¢ impaimient loss Irf any). 1J Cash and cash èquFvalents Cash and èquivalents indvde cash in hand. depostts held at with banks, other 5h(t4ern) liqvid invesknènts with ortginal matuthies of three montfts w less, Ènd bank overdth. Ba)k overdrafts aw shown thin borrowngs in rAJrrent Ikabth'ties. 18
OAKFIELD (EASTON MAUDIT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Accounting poli¢ies (Continued) 1.10 Financlal Instruments The charfty has èlÈetad to appty the provisions of Sectiw 11 'Ba$ic Financiaj IrtruMents. and seCn 12 'OY)èr Finanoal InstrunTrnts 15sues' of FRS 102 to 81 of its fftnanc insknffnÈrrt Financd instruments are recognised in the ¢hafttys baknce shèèt when the tsharity becomes paty to Ihe contraclual pro$ton$ of the instrutne Finantxal asts and liabllths offset, with thè net amounts pr[rted an the finanti4 statem. when there is a legally enforceable right tg set off the re(xJgni5ed amounts and thgre is an ¥ntentiM to s&1• on a net b&8i% orto realisg the w¢tand setde the lkth.rty &mLkneousty. Basie finandal ats B8sc financial assets, wtrtych inchKJe debtors and c8sh and bk balances, are inthamy measured at transactton pri induding TactIlln (x)sts 8rxl art subsequeDty (xrTiEd at antised st using effethe intert method unless the angement nstItu a finanrAng transHclion, h¥he the transadion is measured at the psent value of the future reeèipts disc4yJnted * a marf(et ratè of inlerest FiriarK#al ass•ts d8ssifièd as receivable wtthRI one yèxr are not am¢1$8. Basic financialliabiyities Basic finarKial ljèbfjjtr.es indudirvJ cre&tor8 and bank barts #r8 In31[Y r8wnts•d at trans8dion price unless Ihe awrdngement wnitutES a finartiig transacknn. where the debt instrument is rneasu¥ed at the pret vabje of the future payments discounted at a market rate of itrtere5L Finan81 Itabllitses dassified as payable within one year aro not atnottised. Dèbt insknjrnents are subSeqUèY carrftd at arnoTtised Cost. ung the effeclSv8 rate methtyy. Trade treditots are 0]80AS to pay for g(yJds or seNtss that have trKen auired in the ordinary course of Iwerètions from supplws. Amounts payable 8r¢ da5sified as currènt lialIti8$ rf payment is duè wilhin one year or bss. If nol they are psented as non4CUfWt Ikabiltie& Trdde L¥editors are rewgnised nIballY 8t tr8rtsaction price aNI SubSeqllY mèayJreL5 at8mL¥tised cost usin9 the eff1¢ wrterest method. DeFeeognftion of fift811rrt18$ FEnandal babikn$ are derecogntsad when the chaTitrfs c¥Jntr8etual obligati QXPiTe or are disd)arged or cancelled. 1.11 Taxatron The chatity is exemptfrom tax on Ir and gains faliTrJ within section 505 of IheTaxes Act 1988 or sedion 252 offheTa%ation of Chargeatle GainsAd 1992 tothè extent thal these are applied 1¢ ts eharitable iknjèct 1.12 Emphyee benefits Thè cost of any unttsad holiyay titlemnI is recognised in the period In whth tr empbyee's $VrS are received. T¢Emination betrts a reccvJniwl irmiediately ¥$ an expensg vn the tharity is dEynOnstrab committed to tomi1rle tho 8mpknyment of an eznployEe orto provide tennination benefits. 1.13 Rètlrement beneffts Payments to rtne ntributiOn retirnent beEiefftscherne5 b charged a$ an eXpee as theyfal due. 19
OAKFIELD (EASTON MAUDIT) UMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Critleal a¢¢ounfjng estlmates and judgemttnts In the aprAication ofthe th8rity's accwnting policies, the IteeS are iequiTed to make ju¢Ygements, estimates and 8SSUtnptions 8tx)ut the carrying amount of assets and labilrlies trtal are r1 readity apparent frotn uther source& The esbmales and associated a&wmptions ate based on historical experience and ctther factor8 that are 1x)nSider lo be rdevanL Actual may differ from these e&liTnat&s. Tha ostimates and underfying assumptions are reviwed on an t1j basis. Re19]0$ to a(xountiThJ estimates are r8cognised in the period in which the estimate is ed where the revis affects only that . or in the peric#Y of tho rgwsion and future riods where the revi%on affects bolh thrrwt and futwe Income frorn donalion$ and loga¢ies Total Unrestrictèd R•strict•d funds funds 2022 2022 Total fund5 2023 frjnds 2023 2023 2022 Donati(x)s and gTfts GrarTts 39.494 287.5(Kl 5,841 15.833 45,335 303.333 2.864 138.500 $7,368 211.810 n.310 326.994 21.674 141.364 127.814 269.178 NCC CovKI Supp)rt WNC SuppK>rt NCC Irrfecbcx) Contrd Garfiekl Weslon 8ernaJTJ Surdey FoÈJndation Maud Elkington Tnjst The DUtrtOn Tmst Thè BaileyThomas TrtJ8t Thè 0Y[Y Carte Charitable Trust ScA)tt Badèr B&Q Foundation The Beatrice Laing Foundation R&RF Clothworkers Foundation Other 3,402 39.350 16.982 3.402 39.350 16.982 30.000 30.000 40.000 75.000 75.0 25.IX)Q 15,0 15.000 &ooo 4.5(Kl 5.Dfy) 4.500 25,000 65,000 40,000 8,500 25.0011 65.ODO 40.Ot)o 22.076 102,50CI 2,050 104,550 13,576 287,500 15,833 303.333 138,500 73,310 211.810 20
OAKFIELD (EASTON MAUDIT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 tha18ble charitable activities actNlties 2023 Z022 Fees- LocalAulh)ritigs Rechwges to Residents Meal Inme R¢ntfrom Tenanu8s 2.021.564 1.888.490 14.105 23.558 16.7W2 4,226 188,595 162282 2240.966 2.078,556 Analys55 of Fees Fees- Local Authorilies Fees- Residonts Ccrtribution to Care Fees- Lwal Autl¥xltI Tenants Fees- Rgspit 1.391.481 1,218.163 51.632 55292 518,854 585,493 49.597 29,522 2.021W 1,888,490 Fra150 events Total Vnrtstricted Rè5trÈded funLts 2022 Totsl fund$ funds 2023 2023 2022 2022 Fundraising wents 1.017 192 1.209 2LX) 200 other t£adfng al¥leS Unrastrietsd Unr•strictgd firnds fvnds 2023 2022 Interest tecEivable 871 21
OAKFIELD (EASTON MAUDIT) UMrrED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 fund5 202Z 21)23 Netgain on di*posal of tangtble fixed assets olher income (1,7431 25.426
OAKFIELD (EASTON MAUDIT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Charitabje activitie5 Ctwritable Ch*itsble actfviti¢s Xtivitie$ 2023 2022 Stall ts)sts Deprsclstfron gnd impairn&nt 1206,45S 1.304335 84,049 72237 11,575 8,978 25,507 24299 12.180 13,612 16.799 18.275 11.133 3.231 1,463 2,442 5,224 3,310 14,890 17,764 14,351 26.324 87.466 54.016 104,372 114,472 1.158 1,132 2.637 3,436 83.658 32,272 12,323 22.142 Insuraneè Tèlephonè supplies Misc Subsuiptions & membeIp Vehicle expen Residents 8dMbe5 PrDfe&8iord fees lexd wvem8n(xl Rep8irs & Tnaintèn8nr Bank charges nces and pem)its Medical suppl ExFensed equlpment Animal related expersses Food forcatering Training Gas Gardentng suppb'es Prernises costs Rent Catering & admn labour service5 Loss on sale Rates Agenw car¢r¥ 29.569 32,589 47 45,611 10,576 7,308 55.524 14.810 16,622 123 26.565 28.750 15.137 31.090 30.750 38,204 416 1,670 354,1)48 162,320 2.316.341 2,083.026 Share of support wsts {see note 91 20.357 16,603 2,342233 2.099,629 Analysis byfvnd Unrestricted funtts Restricted funds 2,322261 1039.895 19,972 59,734 2.342.233 2.099.629 23
OAKFIELD (EASTON MAUDIT) UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Support co¥ts allocat to aclEvleS harltablè aclivities 2023 2022 Loan inter8St Atl*S ierrsunerabon 10.346 10,011 9.413 7,190 20.357 18.6(13 10 Trustees None oflJTe Iru5tees lor any connected wth them) re(xv8d 8ny remun&raUon, reimExknsÈd expense or bèneffts from the chlty during thè year. 11 Empjoytss The average nh)nthty numb8r of èmptoyees durtng the yw was.. 2023 Nurnbgr 2022 Number Care Hom& Staff 2023 2022 Wagès and salartés 1.191,583 91.417 23.455 1,189.830 90.989 23,516 Olher eosts 1.306.455 1304.33S TheTe were no empwes whose annual Yemuneratvjn was more than £60.000. 24
OAKFIELD {EASTON MAUDrr) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 12 Othr funds funds 2023 2023 2(r22 Fundraising c)sts 7.188 7.188 14 14 6,688 500 13 Taxatlon The ch8rity is exemptfrom taxation on its athribes becat6e all its is applied charftable purpo$8s. 14 Oth8f gaSn5 and 10&80s Unrestricted Unrestrictsd funds fund$ 2023 2022 GainslO0sI upon". 7,703 15 Tanglble fixed assèts Long v¢hi¢ltss At 1 September2022 Addthn5 Disposals 1,464,533 165,$58 6.767 305.539 92,163 114,983) 1,780 2.515 .362 4.730 135501 1.811.961 268.734 118.5331 At31 August2023 1,630.191 10.435 382,719 4,275 34,542 2.(162.162 D•pre¢iatson and impainn8nt At 1 SeptemtrEr 2022 Depreuation eharg8d thè year Elimtnated in re5ped of t0$81$ 350.187 2,075 246,(KJ8 220 15.666 614.156 1.492 31,654 4.917 84.049 113.566) {3224} 116,7901 At 31 August 2023 395.409 3,56T 264.096 17.359 681,415 Carrying amount At 31 August 2023 1,234.782 6.8fj8 118.623 3.291 17.183 1.380,747 At 31 August 2022 1,114,346 4,692 59,531 1.540 17.696 1,197.805 Leasehc4d propw al 1 Casllè Ashby Fioad. Yardby Hasting$ w8$ a¢quirod during the 201&16 year an improvement o)sl of £624.945. The lease isfor 28 years commenung May 2016.
OAKFIELD (EASTON MAUDrr) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2023 15 Tangli Jle flxed assets {Cgntinuedl 16 asset investm•nts Equltios Inv&stm8nt Fund ¢c&t orvaluatlon At 1 Septomber 2022 Add0$ Valuation change5 200.000 17.7031 Al 31 August2023 192297 Canyin9 amount At 31 Auwst 2023 192,297 At 31 Augusl 2022 17 Debtors 2023 21122 Amounts faHing due wlthln one year. Tradè debtors Pr¥payThents and aux1 in¢x)me 278.123 16.349 181.098 22.964 294,472 204,062 18 Loans and overdraft5 2023 2022 Bank h)ans 125,323 240,022 PayatAè wth5n oné yèar Payalle afteron8 year 80,843 44.480 115,707 124,315 The Nalwest baTJk loan 15 secured by fjxed and fioating Char over the assets of the charfty. At thè porio end the outstanding balance was £69.013.
OAKFIELD (EASTON MAUDIT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2023 19 Creditors". amounts f4ing dwIthin onè y 2023 2022 B8Eik loans 80,843 46,641 47,893 12,278 107,444 115,707 3.4 36.984 102,910 100,069 Trade credttors ottr Creditors Accruab deferred incc 295.099 359.160 20 Credltors: amounts Wing due after mor* than one year 2023 2022 Notes Bank loans 18 44,480 124215
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OAKFIELD {EASTON MAUDIT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 22 Deslynat¢d tunts The unresthcted fvnds of rtharity comprise the unexpended bdances of donati(ms and grants whK are not gjbiect to specific conditiDns by dorKJrs and grantors as to how Ihey may be used. Th888 include designatsd funds which have beèn set aside outof unreslrickd ftsnds by the trustees for speafic purposes. Mo¥Èmèrtt tn funds tKe at kn¢oming A•sow8 Baance at 1 Septwnber Mur¢•8 expended I S¢pttmber resource¥ xpd 31 August 2021 2022 2023 Movement in furMIs YH Flats Refurb Fund EM Mats 194.511 497 16,322} 188,189 497 12e,708 165361 181,653 497 4,416 138.500 19.792) 28T.5tr) (9.7921 195.008 138,500 (16.1141 317.394 287,500 116.3281 588.566 General Funds-Thes¢ a lunds of the tharity whtch are not held for any parti(#JlaF [le puryjoso. They h8ve been predominanrfy used towaY(Is tr¢ main carE hoTne adivibes at Easton MaudiL RèfurbishTrent Fund - ThL8 fvnd is desWated for miftor refurbishments agreed by the Directors. tr etther care home. YH Fkts- This furKI is designaied tovrards new flats at Yardley Hastings. The grants received have been $pènt and thè eost has been capitali8ed. The captshsed cost is being depre¢iateO over Ihe remainkfig years left on thg Jease. EM F18ts - This fund Ès designaled lowards the new flats at Easton Maudit The grants e1Ve have bEen spènt artd th$ cost has btrèn capftaisad. Th& (spitali%èd ts)st bèw d¥prgtsgd over the remaining years l&ft OEJ the leas8. 23 Analysi5 of net assets bètsveèn funds nds 2023 2023 2023 Fund balances at 31 Auwt 2023 arè reprÈsentÈd by: TaThJible a$8ets Inv8strn8nts CutTènt assétsl(IlatlltIttsI Ltsng temi Irabilitses 1.377 192,297 330,9TT 144,4801 3.383 1.380.747 192.297 386,480 144.480} 55.503 1,856.158 58,886 1.915,044 30
OAKFIELD (EASTON MAUDIT) UMrfED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2023 23 Analygls ol net assets bolween funds (ConttnuÈd) Total fund$ 2022 funds 2022 2022 Fund balances at 31 August2022 ar r•près8nted by: Tangible asséts cuentassatsIIr13bllIbes} Long term liabilities 1.197,805 474.709 1124.3151 1.197.805 583.281 1124.3151 108.572 1.548.199 108,572 1,656.7T1 20 Amounts contracied for but not provided in the slatsfflents: 2023 2022 Acqui$Èti"on of propety, plant and equipmsnl 15.719 25 Operating lease commitinenls Al the reptirbny end date the charity hal 0S19 o)Jr4nth)Rnts trfirtur8 minimum lease payment5 und norHxncetsble operating lea, whith fal due as folows". 2023 2022 Wrfhin one year 8etween two and fivè yèars In overfve years 41.532 154,827 465.OCK) 30,000 120.000 495.000 661.359 645.000 26 RElated parly transactions During the peri(xJ the Charity used R. Goodfdb)w (Burfdètsl Lmited trte n0VatiOn WgFks. One of th8 trustees" Mr l Metialf is also a DFCtor of this Company. During the amounts of £136.725 - £64,456} We pakd tothe Company. Durng the perfod the Cfiatity used Mefylf Cornrnercial Decorators Lirnited for the decorntion works. One of Ihe trustees; Mr l Metcall is also a Dtyector crf thi% Qmnpany. DurfrMJ the amounts of £719 12D22 - £1.0631 were paid to the Company. 31
OAKFIELD (EASTON MAUDIT) UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 27 Cash g•ner#ted frcm OPeTatigns 2023 2022 Subwus forthe year 285,976 248,292 AdNstsnents for. Invesbment income r•eognil in statement offmancl acbvit Fo1g exehwge drffèrÈntÉ L&8s on disposal oftangibla fixéd a&¥ets Deiatr0n and impa[m)l oftsngiblè ffixed assets {8711 17.7031 1.743 84.CM19 72,237 Movements in working (apital.. (IrreaSe) in debtors (Deueasel n creditors 190.41Ql 129.1971 IAS.5081 122.8741 Cash 9enerated ffom operations 223,587 252.146 28 Analysis of ¢lwi9es io ngtfunds At1 Sèptsmb8r 2022 Cash flows At31 August 2023 Cash al bank and in Ind 738.379 1351,2721 387.107 Loans faing ithje within one year Loans falling due after more than ore year (115.7071 {124.315} 180.8431 {44.4801 79.835 498.357 1236.5731 261.784 32