OSCR
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
FOR
WILLIAM ADAMS, TRUST
OAKSHAW TRINITY CllLIRCH
Azets Audit Servi￿8
Charter¢d A¢¢ouD¢ant
Ststhtory Auditor
TjtaTRiU[￿ I
Kitig's knch Pl
Rcnfrcw
Cl&sgow
PA4 8WF

WILLIAM ADAMS, TRUST
OAKSllAW TRif41TY CHURCH
CONTENTS OF FtNANCIAL STATEMENTS
FOR TUE YEAR ENDED 30 SEFfEMBER 2024
Pi8e
Report of the TrllsteeB
Report of the tndependent AudltOfA
StatemeDt of Flnu¢l•l A¢dvld¢i
BAianee Shoot
Notes to the Fln8nel81 Stitementi
10 to 16

WILLIAM ADAMS, TRUST
OAKSHAW TRINITY CHURCH
REPORT OF THF. TRUSTEE
FOR THE YEAR ENDED 30 SEFfEMBER 2(124
Th¢ trustees present their aTmual tntstees, report with the fuwicial statements of the charity for the year ending
30th S¢pt¢mb¢r 2024.
The fiDun¢ial 8tat¢m¢nts comply with the Charities and Tntstse Inve8lnKnt (scotl￿d) Act 2005, the Chariti&8 Accounts
(Scotland) Regulation$ 2006 la$ gmended). its governing document and Reporting by Charities: Statement of
R￿0￿mended P￿Ctice applicable to charities preparlng their accounts in accordance with the Financial Reportin
Standard applicable in the UK and Republic of Ireland (FRS 102).
OWEC'TIVES AND ACI'IVI'I'ILS
Objectives and aimi
The Trust was establishe4J followin8 the death of Willian)s Adams in 1903. Inilial fund8 were all￿ented by furth
transfer5 following thc dcaths of thos¢ origiually rntiLled to b¢n¢fits during their lifeiime. Tern]s of thc origiD41 bequest
have been amended and cxtcnd¢d by ¢y-PT¢14 soh¢mu and by OSCR arrangement. The Lurrenl tums arc th¢ assistance
of children and meinbcT3 of Oakshaw Ttinity Chur¢h d¢¢m¢d iti need, the p￿motion of its youth orwisations
and the maintenance of its building8. As515tan¢¢ lo tho$¢ in n¢¢d ¢an be afforded morc widely, particularly ¢0 th08e
ssociated with chu￿h￿ in the lo￿] pr¢•b)W.
ACHIEVEMENT AND PERFORMANC
Ch8rltable 8Ctlvltlei
During the year benefit8 w¢r¢ p4id to thos¢ children deemed to be in need and payrnenls including re8Plte ¢8T¢ made to
the elderly members of the congregRiion, including ￿me Ttulttts. Activity and accornmndation ciK8ts were met on
behalf of th¢ youth organi.sa¢iolls and a ¢ontribuLion made towards the fabric ryairs to church buildings.
FI14ANC￿L REVIEW
Re￿rVeS ptyllry
The Trustees pursue a ptslicy of reviewing the amounts and caieBories under which expenditur¢ is illauTa. Th¢
Inves￿¢￿t portfolio li on¢ of medium risk and a quarterly report is received from the profassionil advisers.
FUTURE PLANS
The TTU8tee8 will maintain the nawre and scope of expenditure under review. PTofe8sional advi¢¢ will be wh¢r¢
¢onsidered appropriète.
S'I'RUC'I'URE, GOVERNANCE AND MAI¥AGEMLN'r
GovernlnR dt)cllment
The ch￿lty is ¢ontrolled by its RoverninR documen4 a deed of tr￿$t ond eon8titutes att unill¢orpornEed ¢lwity.
and &overll#lleE arr4Tr%ernents
Qrants ur¢ d¢trLinincd by the Ttustecs whcn submission ￿e made. Urgent action can be initiated when rtquir¢d. Su¢h
action is r¢portd to the next mect]ng of the Trttst￿.
REFERENCE AND ADMINISTL4TIVE DETAILS
Re¥i8ter¢d Charlty number
SC003861
PaB¢ I

WILLIAM ADAMS, TRUST
OAKSHAW TRINITY CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ELYDED 30 SEPTEMBER 2024
Trustees
The Trustees of the Williatn Adan￿, Trust are appointed by the Kirk Session of Oakshaw Trinity Churcb, Paisley.
Auditors
Azets Audii Services
Chartered A¢count&nt
Statutory Auditor
Titanium I
King's Inch Place
Renfrew
Glay8OW
PA4 ¥WF
Bankeri
Bank of S¢otlgnd
The Cro88
Paisley
PAI IDB
Investment ad>lgor8
Brewin Dolphill
Stockbrokers
12 Smitltheld Street
London
ECIA 911D
Me&vs MSM. Solicitors act Y15 the trust B￿retary and treasurer.
STATEMENT OF TRUSTEES, RESPONSIBILrriES
Thc tru5ltt8 orc Te5w>n5ible for preparing thc Rcport of the Trnstees and the flnancial ststements in accordance with
pplicablc I￿ and Uniicd Kingd(mL AGcountiti8 Standards tunitcd Kitlgdom Gencrally AGGCPtcd A¢¢owitill8 Practice).
The l&w applxcthble to charities in Scotland, the ch￿ltieS alld Tnjstee ]nve8th)ent (Scotland) Act 2005. Charitie8
Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's Constitutio￿ requires the
UStees to prepare fLnanGial statcmcnts for each fllwicial year which 8ivc a trnr &nd fair view of the slate of affairs of
the charity and of the incomin8 resources and application of ttsources. ill¢ludin8 the income and expenditure. of the
charity for that ￿lOd. In preparn8 those fmanciAI sthtements. the thjstees are required to
select suilable accountin8 policies and then apply them consistently*
obSe￿e the meth(xts and principles in the Charity SORP:
make jud¥¢￿ents. dnd ¥stillVdtrs thai are rcabonablc ¥nd pnMkn('
prep￿t the f￿anCIal 5tatBments on thc goin8 concern b&sis unless it is inappiopriate to presuTDe that the charity will
contiDuc ill bu5iiiess.
The tNstees are responsible foT keeping proper accouniing records whi¢h disclose with reasollable accuracy al any time
the fingncial position of the charity and to enable them to ensure thai the fmancial statements comply with the Charitie&
d TTUStee Jnvestment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the
provisions of the charlty'g Cottstithtion. They are also responsible for safeguarding the assets of the chatity and hence for
takins reasonable steps for the prevents.on and detection of fraud and other I￿egul￿1ties.
Page 2

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEFfLMBER 21124
ApprDved by onler of the IKiard of tnL8tees OD 19 June 2025 and Sign￿ on its bebalf by:
PAge 3

REPORT OF THE II¥DLPENDENT AUDITORS TO THE TRUSTEES OF
WILLIAM ADAMS, TRUST
OAKSHAW TRINITY CHURCH
Oplnlon
We Itave awdiied the fjnancial statements of WilliaDJ Adam5' Trust Oakshaw Trinity Church (the 'cl)ari￿) for the year
ended 30 September 2024 which comprise the S￿￿￿ent of Financial Aciivities, Ihe Balance Sheei alld notes to the
fman¢ial statemen14 in¢luding a summary of SAgnificant a¢¢ouDtllig policies. The fuwicial r¢portin8 frarnework thai h&$
Ixen applied in their preparati¢)n is applicable law and UDittd Kingdom Accounting Standards (United Kingdom
Generally Accepted Ac¢ountDig Pradi¢¢}.
In our opiniL>n the finBJKial ststements..
give a true and fair view of the srate of the ¢hatiWs affairs as at 30 September 2024 and of its inc¢)ming tEsource8
and application of resource& for the year then ended;
have been properly prepared m accordance with United Kingdom Generally Aceepied Accounting Practice.. and
have been prepared in accordance with the requirnnents of the Charities and Trusiee Investment (Scotland) Act 2005
and Regulation 8 of th¢ Clwiti¢s Accounts IS¢odand) Regulotions 2006.
Basls (Dr oplDlon
We conduc￿d our audit in aeeordance with Ini¢malional Stsndard5 Qn Audiling (UK) (ISAS IUKI) aThl 4ipplicttbl¢ 1¥4W.
Our responsibilities undti. those standards ￿ further th$crib¢d in th¢ Auditor5, ￿3￿11)SIbIlItIeS for the audit of thc
fmaAcial statement$ 5¢¢tion of our report. We ar¢ ind¢p¢nd¢nt of th¢ ¢huity in a¢cord&nce with the ¢thI￿1
re4Uirtmernts thAt ar¢ r¢l¢v8nl lo our audit of th¢ finan¢i415tyt¢mcnts in th¢ UK, inoludin8 the FRC'S Ethical Stpndgrd.
and we have fulfilled our oth¢r ¢thi¢al r¢sponsibiliti¢s in aGwrdan¢¢ with th¢5¢ r¢quir¢m¢nlS. W¢ believe that the
audit evidellee we have obtained is sufficient and appropriate to provide 4 ba8is for our opitiion.
Concluslons relAtln8 to 8oln8 coneerD
In Auditing the fit)fincial $t8temeni.8, we have concluded that th¢ trustees, u&¢ of the Roin8 eortcern b￿lS (trf acco￿￿17￿8 in
the prq)aration of the fts)2ncial statements is appmpriate.
Based on Ihe work we hmve perfornial. we hdve not identifKbd any material unuertainiies relating to event¥ ur Londitions
Ihat, individuully Dr GullcLtivvly, may Layt si¥nifiLllllt doubt thc Lhariiy's abilily Io LOlI(inur a ¥uin¥ LollLetn (or a
period of 8t leasi twelye months from when the f￿ancIal statements are authorised for i￿lle.
Our responsibilities and thc responsibiliti￿ of the trnstees with rcspeet to going ¢oA¢ern Are dcseril)cd in tho relev￿¢
8ections of thi8 report.
Other Inf•rm•tlo
The tNstees are responsible for the other infomiation. The other infomiation cofflpri$es the infonnation ineluded in the
Amiual Re]x)rt, other than the f]nancial statemertt8 and our Report of the Independent Auditors thereon.
Our opinion on the financial stsoments does no¢ Cover the other infomiaiion and, ex¢eN io the extent otkrwi8e
expli¢itly ststed in our repory w¢ do not express any forni of assuran¢¢ conclusion theieon.
In ¢orm¢¢tion with our audit of th¢ finon¢ial statcm¢nts, ow responsibility is to read th¢ other inforniation and, in doing
so. considcr wheth¢r the oth¢r inforniation is mat¢rially in¢onsislcnt with th¢ fmancial stat¢m¢nt8 or ow knowlcdgc
obtaincd in th¢ audit or oth¢rwi8¢ ap￿ar$ to k matuially rni53tat¢d. If w¢ idcntify such matcrtal in¢onsI5tc￿l¢s or
apparent mEterial mi85tatemeDts. we are required to d¢t¢nnille whether thi8 8iV¢8 to B mjtorial rni55tatemont in the
financial stateTnents themselves. If, b&sed on th¢ work wc hav¢ p¢rf¢)rni¢d, we ¢on¢lude thai th¢r¢ is a m4t¢rial
misstalemertt of thts othcr llrfoThati(>n, we are required to re￿￿ that fa¢t. W¢ knv¢ nothing to r¢port in thi5 r¢88rd.
Mxtterl whlth we are requlred to report by exeeption
We have nothing io report in re%pect of the following matters where the Charitiu A¢¢ounts (S¢otland) Regulations
2006 requires us to report to you if, in our opinion:
the infomiation given in the Report of the Trusiees LS ineonsist•il in any tnai¢rial respect with the
$tai¢mellL¥', or
proper accoullting records have not bt¢ll k¢pL' or
the f￿anCIal $tatements not in agre¢m¢nt with the ￿¢0￿1¢1￿8 re¢ords and retums" or
we have not received all the iDforrnation and expianatiODS we require for our audit.
Page 4

REPORT OF THE INDEPENDENT A[1D￿ORs TO THE TRUSTEES OF
IVILLL4M ADAMSI TRUST
OAKSHAW TRINITY CHURCH
RwtsDilbllitl¢¥ of trnstees
As explained more ￿llY in the Statement of Tn￿tees, ResponsibilitiK the ￿S￿e8 are respoDsibl¢ for the preparallon of
the finan¢ial stht¢ments which Rive a tsve and fair Yiew, and for sucb int￿n￿l Golltrol as the trustees determin¢ is
necewy to ¢nabl¢ th¢ pr￿￿tIon of finan¢ial st&temellts that are free from IDa¢￿i#l mi$8t&tsmenL whetber dug lo
In prcparing the r)DanGial ststcm¢nty th¢ tystre$ are res￿}￿81b]e for a&se8sing tho Gharity$ ability to con¢inu¢ ￿ r4
going conccrn. disclosing. as applicable, Tn&tters related ts going concern 4Dd u8ittg tho going ¢ollc¢rn bo8AS of
accounting unl&gs tho I￿SteeS either intend to liquidate the cherity or to ce&8¢ ¢)P¢TatioDs, or have no reojistic a]tern&tive
but to do 80.
Page 5

REPORT OF THE INDEPENDENT All)￿oRs TO THE TRUSTEES OF
wtLLIAM ADAMS, TRUST
OAKSHAW TRINITY CHURCH
Our responslbllldes for the audlt ofthe ¥taterneDts
W¢ have beell appointed as auditors under SKiion 44(1){c) of tbe Chatities and Trustee Inv&stment (Scotland) Act 2005
a￿d rqKprt in accotdancc with the Act and relevant regulations n￿de or having effect thereunder.
Our objectives are to obtain reag)nable assurance about whether the financial sratemeots as a whole aTe free from
ni#i¢rial mi58tatemettt, whether due to frAud or ¢m>r, al￿ to issue a Report of the Independen¢ Auditors that includes
our opinion. Reasonable a8surnJce is a high level of assurdnce, but is not 8 guarantee thai an audit conducted in
ac¢ordance with ISAS (UK} will ￿WayS detect a rnaterial misstatement when it exists. MisstateEllents can arise from
fraud or error and are eoxjsidered material if, indivAdually or in the aggregate, they could Teasonably be expected to
influence the economie decisions of users tsken on the basis of these f]n8nci&l statements. Our objectives are to obtsin
reasonable Èssurance About wbether the fmancial statements as a wholc arc free from materigl misstaiemeni. whether
due tt) fraud OT error, attd to issu¢ an auditovs report that includes OUT opinion. R¢asotfdble &8surance is a high level of
assurdnce but 18 not a guarath¢¢ thai an audit ¢onducted in accordance with ISAS IUK) will always de*c( a material
misStatcm¢nt wh¢n it cxists. Misstsi¢m¢nts tan arise from frdud or error and ar¢ con5idercd m&t¥riAI if, individually or
in ihe aggr¢gat¢, th¢y could ￿￿59￿ablY be expected to influence th¢ economic a￿ls1o￿S of users thken on the basis of
these fullncial S￿L¢ments.
Extent to whlch the audil was ¢ODsid¢r¢d ¢¥p8blo of deleetlng 1rrc2ul4rltic&, includlng fraud
Irregulariti4s, including fraud, aT¢ in5tsn¢¢¥ of non-compli#nce with laws athd regulations. We design procedures in line
with our resp(Trnsibiliti¢s. outlined above and on the Financial ReFK)rting Councilts website, io detect materiol
misstslem¢nls in r¢sp¢¢t of iTr¢gulariiies, ineluditi8 fraud.
We obtain and updAte our understAndin8 nf the enfity. its aclivitie.s, ILS conlrol envir()nm¢nt, and likely future
developments, including in relation to ihe legal atjd regulatory framework applicable and how fh¢ ¢ntiiy is complying
with that framework. Based on ihis understanding, we identify and assess the risks of material rni55luiement oc thc
r]n8mcial statements, whether due to frdud or ern)i. design and perfumi audil proccdur¢ti ￿&POns1Ve lo those risky, and
Ob￿]n Mudit ¢videnG¢ ihal is ¥U￿]C]ent l￿d appropriale to provide a basis for our opinion. This in¢ludes consideration
ofihe risk of a¢ts by the enlity that were contrary to applicable laws and Te8ulation5, including fraud.
The cxt¢nt to whi¢h our pr<)eedur&8 are e4)able of detecting irre8uIArities. including fr4ud is d¢tyil¢d below..
In response to tho Ti8k of irregularities artd non-¢ompli8nce with hws and regulations. including frau4 we desiBned
procedures which in¢luded:.
Enquiry ot mHn8serneAt and thoge charyed with 8overnance aTDund actual and po*nti￿ lill￿ti￿ll and ¢l&im8
as well as actual, sw4pected and Alleged fraud;
Reviewing minut¢s of m¢dings of thos¢ charged with governan¢e,'
Assessing th¢ ¢xtcnt of ¢¢)mplimce with the laws and regulauoThs Considered to have Y4 diNt rn4terial ctTe¢t
on ihe thc fllmncial stat¢m¢nts or th¢ 0￿￿tionS of the company through enquiry and iD5pe¢lion'
REYirwing flnancial slal¢m¢nt dis¢losur¢s Bnd trstitL8 to 8UPPtinillg do0￿￿entatIOn to 4S8¢S5 Gompliajhce with
applicable law5 and rcgulatioD5,'
Pcrftsrniing audit work ovcr th¢ risk of rnan&gcm¢nt biB5 and override of controls, including te8ting of journal
cntrics and othor 4djustmMt8 for appropriolenc&s, cvllluatll￿ the business r8¢tionale of Significant transactions
outsid¢ Ihe nornial ¢gur8¢ of busitie%s al￿ rEviewirt8 accounting e8timate8 for indicators of potential bias.
Because of th¢ llther¢ni limitation$ of an audit, there is a risk that we will rrt)t detect all trregularities, including those
leading lo a malerial misstalernent in the financial 5taiements or non-campliance with regulation. 'I'his risk increL
the mnre that compliance with a law or re8ulatiotJ i& removed from the events and Iransactions rCflCct￿ in th¢ fmancial
statement$. a4 we will be less likely to become aware of xnsiances of non-compliance. The risk of ￿t d¢tecting a
rnaierial mi5Staternenl re$ultiJJg from fraud is higher ihan for one resulting from e￿or. a5 fraud may inYolv¢ wllusion.
foTgery, inientional omi55ions. misreprtsentatLDIIS. or the uvvrride olinternal ujiiirol.
A further de￿ription of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Coun¢il's w¢b51te at www.frc.or8.uklauditorsresponsiTrJtlities. This d&￿ription fornis part of OUT Report of the
Independent Auditors.
Pag¢ 6

REPORT OF TUE LYDEPENDENT AUDITORS TO THE TRUSTEES OF
WILLIAM ADAMS, TRUST
UBe of our report
Thi5 report is made solely to the charl￿S ￿stee$, as a body. in a¢¢ordall¢e with Regu]atii)n 10 of tbe Ch￿iti&l
Accouots (Scotland) Regu]&tions 2(KJ6. Our audii WOTk bas b¢￿ ulld¢rtak¢n so that we n)ight stste to the charitys
tTU8tee5 thase matters we are rwuiied to state lo th¢m ill an audityTh' r¢port and for no otber purw8e. To tbe full¢st
extent ￿M]itt￿ by law. we do ￿t accept or a&sum¢ rcspoD8ibility to anyonc o¢b¢r thatt th¢ Qhtirity alld the charity'8
tn￿tee$ as a body, for our audxt work, for thiy reporL or for th¢ opillions w¢ bavc fornid.
Auts ALAd,Tr Li&
Aztts Audit Services
Chartered AccountsDt
Sta￿tOry Audiiur
Titanium I
Kin8's Inch Place
Renfrew
Glasgow
PA4 8WF
Date.. 19 June 2025
Page 7

WILLJAM ADAMS, TRUST
OAKSUAW TRINITY CHURCH
STAfkMLNI OF FINANCIAL ACTIVITIES
FOR THk YEAR ENDED 30 SEPTEMBER 2024
2024
Total
fimds
2023
Total
Unrcstrithd liestricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and l¢s￿leS
9.697
9.697
8,919
Oth¢r trading a¢tiviti¢$
tnv¢strnent inGom¢
479
97.925
Tot*1
107 622
107 622
107 515
EXPENDITURE ON
Raisiti8 fiJnd9
17,759
17,759
25,445
Cbaritable Actlvltle8
Alimentors
Athnini8tration
132.194
960
l32.194
960
116,IN5
960
To(Nl
150 913
150913
142 450
Net 8ain8 OD inve8ttnents
NET INCOME
451.650
451,650
99,(kSl
RECONCILIATION OF FUNDS
Total brou8ht forwArd
3,578,172
3,578.172
3,479,111
TOTAL FUNDS CARRfED FORWARD
4 029 822
4 029 822
3 578 172
The notes fornL part of tbese fin8n¢ial statemellts
Pag¢ 8

WILLIAM ADAMSI TRUST
OAKSHAW TR￿lTy CHURCH
BALAIYCE SHEET
30 SEPTEMBER 2024
2024
2023
Notes
FIXED ASSETS
Investments
3,964,835
3523,364
CURRENT ASSETS
Cash in hand
87,813
74,467
CREDITORS
Amounts falling thie within one year
(22,826)
(19,659)
NET CURREIYT ASSETS
TOTAL ASSETS LESS CURRENT
LtABILITIES
4,029.822
3,578,172
NET ASSETS
4.029.822
3 578.172
FUNDS
Unrestricied fu￿d8
4 029 822
3 578 172
TOTAL FUF4DS
4 029 822
3 578 172
The fin4nciHI stst•ments were approved by the BoArd of 1'rnsteeA and authorised for iR8ue on 19 June 2025 and were
Si£Ded on its bebalf by:
The notrs forni part of these finamcia] statem¢llts
P4g¢ 9

WILLIAM ADAMS, TRUST
OAKSHAW TRLNITY CHiJRCH
NOTES TO THE FINAliCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTLMBER 21124
ACCOUNTII¥G POLICIES
Basls of preparlng the finthnclal statementj
Basls of prepara￿On
The financial stsiement5 hav¢ bc¢n prcpaTed in accordancc with Accounting and Reporting by Charities:
Statement uf RecumIncnded PrdCtic¢ applicablc to Charitics pr¢paTing their a￿OUnt$ in aecordonce with the
Financial Reporting Standard applicable in the UK and R¢public of IreloJ)d (FRS 102) (effective l January
20191- (Charities SORP (FRS 102) and the Financial Reporiing Standard appli¢Jbl¢ in the UK and Republic of
ireland IFRS 102).
The Wi]liam Adam's Ttust meets the d¢finition of a public benefit entity under FRS 102. Assets and liabililies
are initially recognised at historical wst or transaction value unles4 otherwise stated in the relevant acc4)unLI
policy note(s).
PropRratlDn of Ateounts on A golng ¢on¢ern bas18
The tnLStces coTr8ider that there are no material uncenainties aboui th¢ ihariiy's ability to conlinu¢ os a going
oncern. Therc were no significant are45 of adjustment and with resy¢ct 10 the next reporting period. no
significant areas of un¢¢rtainty.
AccovntiDK jlldgemtrtl8 & Source& of estlmotlon uncertAlnty
In preparing thesc f￿ancIal sthtemcnts, tho tTU5tces have made the followitig judgements..
Assets are considered foy indications of impainnenL If required an impairnient review will be caffied r>ut and
decision made on po55ible imp&imient. Fa¢tots taken into considerati¢)n irt reaching such YI decision include the
economic viability aTJd expected linArtcial rertorn)an¢e of the aqset and where it is a ¢omponeTr( of a
larger ca5h-generaling unit, the viahility 4nd expecied ￿Djr£ perforn)artce of that unit.
Flnanclal reporlin8 8taDdHrd 102- redu¢ed dlscloBure exempllons
The chariiy tsk¢n advantage of the follvwin¥ dibLlosure ￿empl10n in pr¢parinB these financial statements,
as pemiiitcd by FRS 102 The FinanLial R¢poriin8 Stanthrd applicable in th¢ UK &nd Republic of lrtland,:
the requir¢m¢ii¢S of Section 7 Statcmenl of Cash r.lows.
Income
All income is T￿08n18*d IA the Statement of Financial Activities once the charity has entitlement to the futtds, it
is probabl¢ that the Income will be r¢¢eived and the amount can Er megswred reliably.
Interest ¢)n fvnd$ held on derrf)sii 18 included when rtteivable and the amount can be measured religbly by the
charity. this 18 nomally upon nolification ()f Ihe intercsi paid or payabl¢ by the bank. Dividend5 r￿￿8￿1$ed
once ￿le dividend has been declared and no¢ifi¢ation has been received of Ihe dividcnd due. Ttlis is nonnally
upon notification by our investhient advisor of ¢h¢ dividend yield ofihe inv¢8lmcnt portfolio.
Expendlture
Expenditure is r¢¢ognised once ther¢ is a l¢gal or conslTh¢tive obligation to make a payment to a third party, it is
probable that $ettlerncnt WAII be required and the amount of ib¢ obli8alion can be measured reliably.
Expenditt￿¢ 18 cl8ssificd under the following activity heading&
- Costs of raising fimds comprise portfolio m8llaBement costs
ExpenditUTe on charitable activities in¢ludes the costs of activities undertaken to ￿rther the purposes of the
¢harAty and their associated supp)rt costs.
- Other expendilure represents those items not failine ittto any other heading.
Irrecoverdbl¢ VAT is charged as a c051 again* th¢ activity for which th¢ ￿￿Thd1t￿re was incu]Ye
Page 10
continu¢d..

WILLIAM ADAMS, TRUST
OAKSHAW TRt4lTY CHURCH
LYOTES TO THE FINANCIAL STATEMENTS - eontinved
FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTING POLJCIES - continued
Expenditure
Allo¢*tlon of Support eosts
Support L05t5 ar¢ thth%c fi￿CtionS that assisi the work of the chariry but do not direcuy undertake charitsbl¢
4clivitics. Supp)rt costs include governance costs whiLh iAbludr thuse u)sts assoiiatrd with merlAng th¢
eonslitulional and statutory r¢quircmcnt of thc ch￿Lty. These costs have becn alk)cat¢d to cxp¢ndItt￿C on
chari&bl¢ ￿tiviti¢S.
Tax*tlo
The charity is exempt from tax on its charitable activities.
Fund *¢¢ountln8
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trwtees.
Restricted funds caD onty be used for partiwlar r¢8irict¢d purp95¢$ within tbe obje¢ts of the ¢harity.
Restrictions dri￿ when specified by the donor or when funds gr¢ raised for porticul￿ r¢stri¢i¢d purp
Inv¢rtmellt
Inv¢stmcnt3 are included at mark¢t valuc at thc year end. The SU4)h￿ or defi¢it on revaluation 1$ in¢knded in th¢
St4tcmcnt of FinAncial Aclivities as on unrcaliscd 8ain or loss.
Gain5 and 1085¢8 on dispoBoI and revaluation of investrnents are chArged or credited to the Ststem¢nt of
Financi41 Aclivities.
Caih gt bgnk and hgnd
Cash at bank and cash in hand include5 Cash and .8hort teTm highly liquid invegunents with a ahort Ma￿rity of
thrne months or I¢s8 fTom the date of acquisiiion or opening of the dep)sit OT similar account.
Credltoro and provlgloD8
Creditors and pn)visions are re￿gnIsed whcrc the charity has a presenl obligation resulting from a past event
that will probably result in thc trdnsf¢r of funds to a third pany and the amouni due to srttle the obli8tttion can
bc m￿SUrcd or estimat¢d reliably. Creditors and provisions are norn￿llY reco8nl8ed at their settlemeni amount
after allowing for any dis¢ounts due.
Hlre purehaie And le#8ill8 eommltmeDI$
Rentals paid under OPEr&iin8 leases are charged ¢0 the Stat¢m¢nt of Fina￿181 A¢tivitie5 on a straight line basis
over the period of the lease.
Impalrm¢Dt of Asfjets
The Lompany ¢lwt¢d to apply the provisions of Seciion I l Basic Financial Instnllnents, and Section 12 '
Othcr Fimoncial In&trumenLs 1ssu¢s' of FRS 102 to ail of its fujancial instruments.
Finan¢ial instNmettts are reeognis¢d in the company5 balance sheet when tl]¢ Company becomes pty to the
contrActual provisions of the iD$trum¢nl.
Financial assets and liabilities are offset. with th¢ net amounts pres¢nt¢d in the f￿anCial staternents, when there
is a le8ally enforceable right to set off th¢ re¢ognis¢d wnounts 8nd th¢￿ is ￿ intention to settle on a net basis or
to realise the asset and settle the liability $imult8nwu51y.
Basic financial assets, which include debtors and cash and bank balance8, are initially measured at transaction
price including transactions costs and are sub5equendy carried at Hmortised ¢o$t U8ing the effective interest
tuethod uDless the attangelllellt C0115titutcs a financing tra￿Sacti(￿, where the transaction is measured at the
present value of the future receipts th'scounted at a market rate of interest. Financi￿ asset8 ¢lassifi¢d as
reccivable within one y¢ar are not amorti5ed.
Page 11
continued..

WILLIAM ADAMS* TRUST
OAKSHAW TRJNITY CHURCH
NOTES I'o 'fHE FIIYAI¥CIAL STATEMENTS- eoDdnued
FOR"lllE YEAR ENDED 30 SEVTEMBER 21124
ACCOUNTING POLICIES- tolltlnued
ImpalTlll¢llt of 158ets
ere
nition of fin
Financial assets are (kre¢OBtt￿￿ only wh¢n thc rontr8¢bJal rights to the cash flow8 from the a58et expire or ore
scttled. OT when th¢ compaoy transfers thc fllwi¢io1 a$8et and sub8lalltially all the risks and rewards of
0￿ry￿ship to anothcr entity, or if some signifi¢Jnt ris￿ and rewards of ownerthip are retained but control of the
a&4et has transferred to another porty tha¢ is able to g¢ll the asset in its entir¢ty to art unrelated third paty.
Financial liabilithes and equity instNments are classified oceording to the substsnce of the contr4¢pJal
arrangements entered into. An equity instrnment is any contra¢1 that evidences a residual interest in the &ss¢ts of
the cornparhy after deductin8 all of its liabilitics.
Basic fujancial liabilitittl, in¢ludinB crrdilors, are initiaily Rcognisd at traAsaction pric¢ unl¢s$ th¥ arrang¢rnent
conslltuies a fioancing transaetion, where tile debt instn]mcnl is measured at tb¢ pr¢s¢nt valu¢ of the fvturo
payments discounted at a rnarkn rate of interest. FinanciY41 liabilili¢5 ¢14ssified ag payabl¢ witbin otte yeor ar¢
not amortis¢d.
OTHER TRADING ACTIvrriES
2024
2023
Elderly benefits refund
479
LYVESTMENT INCOME
2024
2023
Fixed a8set invegthienis
RAISING FUNDS
Inveitment mAn*g¢ment ¢0
2024
2023
Portfolio tnanag¢uKut
sirrpoRT COSTS
Govern￿¢*
C05ts
Managcmcnt
Totals
Alimentors
Administration
86
1.950
960
2,036
960
86
Pag¢ 12
continu¢d...

IITLLIAM ADAMS, TRUST
OAKSUAW TRINITY CHiJRCH
NOTES TO TUE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31J SEPTEMBER 2024
TRUSTEES, REMifNKRATION AND BENEFrrs
Ther¢ ￿r¢ no tn￿tte￿, reJDull¢rati¢)n or other benefiLS for the year cnded 30 Sepiemb¢r 2024 nor foT the y&qT
cnd¢d 30 September 2023.
Tr•ste¢s' ¢xpense
Ther¢ W¢Te no trustees, ¢Kp¢nKs paid for the year ended 30 September2024 nor for th¢ year cnd¢d
30 S¢pt¢mber 2023.
COMPARATIVES FOR THE STATEMKNT OF FINANCIAL ACTtVlT
Unrestricted
nds
Restricled
fund8
Total
nds
INCOME AND ENDOWMENTS FROM
Donatioos and ]eg￿leS
8.919
8.919
Other trading a¢tivitie8
Investment income
479
479
107$15
107 515
LXPKNDITURE ON
Raising timds
25,445
25,445
Charltable actI￿deS
Alimcntors
Athninistratio
116,(h15
960
116,045
960
Total
142 450
142 450
Net gains on investments
133996
NET INCOME
99,061
99.061
RECONCILIATION OF FUNDS
Total funds brou8ht forward
3,479,I I I
3,479,111
TOTAL FUNDS CARRIED FORWARD
3 578 172
3 578 172
P￿e 13
C4Jntinued...

WILLIAM ADAMSI TRUST
OAKSHAW TRII¥ITY CHiJRCH
NOTKS TO THE FINANCIAL STATEMENTS - ¢oDtillued
VOR THE YEAR ENDED 30 SEFfEMBER 2024
FIXED A&SET INVESTMENTS
Sold at
valuc at
1.10.2023
value At
30.09.2024
value
Revalued
Investment fund
3 523 360
419 927
3 964 835
3 523 360
857
48
419 927
3 964 835
Th¢ historic ￿3t of th¢ abov¢ inv¢$tmertts at 30th September 2024 werc £3.6J1,764 {2023 - £3,733,087).
At 30th s¢pl￿nb¢r 2024 the portfolio was invested as follows..
2024
2023
UK Equity sh8r¢s 8nd UDlt Trnsts
UK Cjovernment Bonds
Global F.quily Funds
869.877
112.600
2 982 358
794,434
108.341
2 622 585
3 964 835
3 523 360
At 30th September 2024 the followin8 investh)eni8 represent more than 5% of the portfolio by maTket value..
Markei Value
Fidelity UCITS ICA
277,717
The Trust's inve8tmen¢s are prof￿￿10￿411Y m8n48¢d by Bttwin Dolpbin.
CREDrroRS: AMOUNTS FALLllYG DUE ￿T￿ll4 OF4E YEAR
2024
2023
Other creditors
Accrued expen8e8
18,206
16.179
io.
ANALYSIS OF NET ASSETS BKTWEEN FUNDS
2024
Total
fi￿dS
2023
Totsl
funds
Unr¢stri¢trd Re$trl¢ted
ruttds
bjnds
vestments
Current assets
Current liabilitie8
3.964.835
87,813
22 826)
3,964,835
87,813
3,523.364
74,467
4 029 822
4.029,822
3 578 172
Pag¢ 14
¢ontiniied...

WILLIAM ADAMS, TRUST
OAKSItAW TRINITY CHURCH
IYOTES TO TUE FINANCIAL STATEMENTS- continued
FOR THE ￿AR EI¥DED 311 SEPTEMBKR 2024
ii.
MOVEMENT IN FiJNDS
Nct
nwvcment
in funds
At
1110123
At
3019124
Ullrestrlcted fu￿11￿
Gcneral fill
3,578,172
451,650
4.029,822
TOTAL FUNDS
3 578 172
451650
4 029 822
Nd MoV￿￿ent in funds. included in thc above are as follows..
Incoming
resources
Resources
expended
Gaill8 and
losses
Mov¢m¢nt
irt funds
Unrestrl¢ted fundi
Ge￿eThI fijnd
107,622
{150,9L31
494,941
451,650
TOTAL FUNDS
107622
150913)
451650
Cfympgr*tlvei for movejnent In fvnds
Net
movement
in funds
At
1110122
At
3019123
Unrutrl¢ted fuod•
General fimd
3,479.111
99.061
3,578,172
TOTAL FUNDS
34791LI
3 578 172
Comp4rativ¢ net movement in funds, included in the above arc ￿ follows:
In¢oJlliDg
re8ouree8
Resource
8xpettd
Gains and
Ios8es
Mov¢ment
Unre$tri¢ted funds
General fund
107.515
1142.450)
133.996
99,061
TOTAL FUNDS
107515
142 450
133,996
99,061
Page 15

WILLIAM ADAMS, TRUST
OAKSHAW TRINITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS- conthilled
FOR THE YEAR ENDED 30 SEPTEMBER 2024
ii.
MOVEMET4T IN Fuf4DS- CDDtiDued
A curnt year 12 months and pior yeaT 12 montlL8 combined p)8ition 18 &8 follows:
Net
At
1110122
movernerLt
At
3019124
UDre8tri¢ted
General fund
3,479,111
550,711
4.029.822
TOTAL FUNDS
3.479.1 I I
550711
4 029.822
A current year 12 mo))ths PTior year 12 month8 eOrnbll￿d net movement in funds, included in the above are
&q follows:
Incoming
resource$
Re80urce8 Gal￿ and
expcnded
losses
Movenhent
in fund8
Unreitrlcted fundg
G#nerMI fi￿d
215,137
(293 J63)
628,937
550,711
TOTAL FUNDS
215 137
293
63
550711
12.
RELATED PARTY DISCLOSURES
There were no rela￿d paty trnn8actioAg for the year ended 30 September 2024.
Pa8e 16