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2025-12-31-accounts

Company registration number: SC743152 Charity registration number: SC053128

OAKLEYASN LTD TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Axiom Business Consultancy Limited Chartered Certified Accountants Montgoldrum Farm Arbuthnott Laurencekirk Aberdeenshire AB30 1LS

Oakleyasn Ltd Contents

Page
Reference and Administrative Details 1
Trustees' Report 2—6
Independent Examiner's Report 7
Statement of Financial Activities (including Income and Expenditure Account) 8
Comparative Statement of Financial Activities (including Income and Expenditure Account) 9
Balance Sheet 10
Notes to the Financial Statements 11—16
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account) 17

Oakleyasn Ltd Reference and Administrative Details For The Year Ended 31 December 2025

Trustees Mrs M C Annandale (appointed 17/04/2025)
Mrs A Greig
Mrs C L Macquarrie (resigned 20/04/2025)
Mrs M Adamson-Skinner
Mrs Z M Savel (appointed 22/01/2025)
Mr M Hickin (appointed 22/04/2025)
Charity Number SC053128
Company Number SC743152
Principal Address 15 Finella Grange
West Cairnbeg
Laurencekirk
AB30 1SE
Independent Examiner Christopher Doan FCCA
Axiom Business Consultancy Limited
Chartered Certified Accountants
Montgoldrum Farm
Arbuthnott
Laurencekirk
Aberdeenshire
AB30 1LS

Page 1

Oakleyasn Ltd Company No. SC743152 Trustees' Report For The Year Ended 31 December 2025

The trustees present their report and the financial statements for the year ended 31 December 2025.

Objectives and Activities

Aims and Objectives

Oakley exists to improve the lives of children and young people with Additional Support Needs (ASN) and their families, primarily within Aberdeenshire. Our purpose is rooted in lived experience and driven by a commitment to inclusion, dignity, opportunity and belonging.

The objectives of the charity are as follows:

Oakley’s objects are:

a) To improve the lives of children and young people with additional support needs and their families through the provision of educational and recreational facilities and activities and, in particular but not exclusively, to maintain and develop at Coneyhatch, Stonehaven, a purpose-built play and resource centre for indoor and outdoor play.

b) To provide care, respite, support, fun and friendship to the children, young people, parents and carers who use the services of Oakley.

c) To advance the education of children and young people by providing opportunities for individual challenge and personal growth in an environment that values independence and achievement.

d) To advance education in and promote inclusive play by sharing knowledge and skills through training programmes.

Public Benefit

Throughout 2025, Oakley furthered its charitable purposes by:

The charity’s work is delivered for the public benefit and focused on those within its beneficiary group.

The Trustees confirm that they have complied with the duty under the Charities and Trustee Investment (Scotland) Act 2005 to have regard to OSCR’s guidance on public benefit.

Achievements and Performance

Main Achievements

2025 was a year of building strength.

While the centre did not formally open during this reporting period, the charity made substantial progress toward operational launch and continued to deliver outreach and programme activity.

The Trustees prioritised:

It was a year of graft, growth and groundwork.

Building Momentum.

The first half of 2025 focused on strengthening operational foundations.

Progress included:

...CONTINUED

Page 2

Oakleyasn Ltd Trustees' Report (continued) For The Year Ended 31 December 2025

Main Achievements - continued

These steps positioned Oakley for structured scale and safe growth.

In 2025, Oakley opened formal registration of interest for children and young people.

The response was immediate and significant.

Families engaged quickly, demonstrating clear and urgent demand for specialist ASN provision within Aberdeenshire.

Opening registration allowed us to:

This milestone marked a shift from vision to visible readiness.

Additional Achievements

Recruitment and Team Development

During the second half of 2025, Oakley launched recruitment campaigns across leadership, practitioner and support roles.

The response was extraordinary.

Applications were received from professionals across education, the NHS, private practice and the third sector. The quality and passion evident in applicants reinforced the strength of belief in Oakley’s mission.

Extensive interviews were undertaken to ensure:

Volunteer recruitment also expanded significantly, with PVG requirements in place for regulated roles.

Community Engagement and Partnerships

Oakley remained deeply rooted in community throughout 2025.

Engagement included:

The sense of shared ownership of Oakley within the community continues to grow.

Resourcing the Centre

Equipping a purpose-built centre requires both funding and creativity.

In 2025 we secured:

These efforts reduced financial pressure and enhanced the quality of the environment we are preparing to open.

...CONTINUED

Page 3

Oakleyasn Ltd Trustees' Report (continued) For The Year Ended 31 December 2025

Additional Achievements - continued

Innovation and Inclusion

Late 2025 saw the development of plans to introduce immersive sensory technology within the centre.

This technology will support emotional regulation, inclusive learning and engagement for children and young people with ASN.

It reflects Oakley’s commitment to evidence-informed practice and inclusive innovation.

Financial Review

Financial Position

The Trustees maintained prudent financial oversight throughout 2025.

Key principles included:

The charity remains in a development phase and continues to prioritise long-term sustainability over rapid expansion.

Reserves Policy

The Trustees recognise the importance of maintaining appropriate reserves to:

Reserves will continue to be reviewed in light of operational growth and service rollout.

Risk Management

The Trustees have considered the principal risks facing the charity during 2025.

Key risks included:

Mitigation measures included:

The Board remains confident that appropriate systems are in place to manage identified risks.

Structure, Governance and Management

Governing Document

The charity is governed by its constitution and is managed by a Board of Trustees all of whom have relevant managerial, business and financial experience. The Board is responsible for the strategic direction of the charity and oversees all of its financial dealings. None of the Trustees are remunerated for their position as Trustee.

Page 4

Oakleyasn Ltd Trustees' Report (continued) For The Year Ended 31 December 2025

Trustee Selection Methods

Trustees are appointed in accordance with the charity’s Constitution.

The Board seeks to maintain a balanced mix of professional expertise, governance knowledge and lived experience aligned with Oakley’s mission.

New trustees are supported through an induction process which outlines:

Governance strengthening remained a clear priority throughout 2025 as the charity prepared for operational scale.

Government Developments in 2025

2025 was a year of consolidation and strengthening behind the scenes.

The Board worked to formalise structures and ensure that as Oakley grows, it does so safely, sustainably and with integrity.

This included:

The Trustees remain committed to transparency, good governance and responsible stewardship of funds and trust placed in the charity.

Post Balance Sheet Events

The Trustees’ priorities for 2026 include:

We move into 2026 with determination, strengthened systems, and a community behind us.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Oakleyasn Ltd for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

Oakleyasn Ltd Trustees' Report (continued) For The Year Ended 31 December 2025

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs A Greig Trustee 20/03/2026

Page 6

Oakleyasn Ltd Independent Examiner's Report to the Trustees of Oakleyasn Ltd For The Year Ended 31 December 2025

I report on the the accounts of Oakleyasn Ltd (the Charity) for the year ended 31 December 2025 which are set out on pages 1 to 11 .

Responsibilities and Basis of Report

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my reponsibility to examine the accounts as required under section 44 (1) (c) of the Act and to state whether particular matters have come to my attention.

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Christopher Doan FCCA 20/03/2026 Axiom Business Consultancy Limited Chartered Certified Accountants Montgoldrum Farm Arbuthnott Laurencekirk Aberdeenshire AB30 1LS

Page 7

Oakleyasn Ltd Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other trading activities
4
EXPENDITURE ON:
Raising funds
6
Charitable activities:
6
NET INCOME
Transfers between funds
15
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
15		 Unrestricted
funds
£
51,722
132		 Restricted
funds
£
62,870
-		 2025
Total
funds
£
114,592
132		 2024
Total
funds
£
97,472
36
51,854 62,870 114,724 97,508
(69,785) - (69,785) (12,833)
(17,931)
110,980		 62,870
(110,980)		 44,939
-		 84,675
-
93,049
4,162		 (48,110)
76,735		 44,939
80,897		 84,675
(3,778)
97,211 28,625 125,836 80,897

The notes on pages 11 to 16 form part of these financial statements.

Page 8

Oakleyasn Ltd Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other trading activities
4
EXPENDITURE ON:
Raising funds
6
Charitable activities:
6
NET INCOME/(EXPENDITURE)
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
15		 Unrestricted
funds
£
20,737
36		 Restricted
funds
£
76,735
-		 31
December
2024
Total
funds
£
97,472
36
20,773 76,735 97,508
(12,833) - (12,833)
7,940 76,735 84,675
7,940
(3,778)		 76,735
-		 84,675
(3,778)
4,162 76,735 80,897

The notes on pages 11 to 16 form part of these financial statements.

Page 9

Oakleyasn Ltd Balance Sheet As At 31 December 2025

Notes
FIXED ASSETS
Tangible Assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
13
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
15		 Unrestricted
funds
£
10,171		 Restricted
funds
£
33,995		 2025
Total
funds
£
44,166		 2024
Total
funds
£
1,806
10,171
7,715
95,433		 33,995
-
-		 44,166
7,715
95,433		 1,806
-
100,147
103,148
(21,478)		 -
-		 103,148
(21,478)		 100,147
(21,056)
81,670 - 81,670 79,091
91,841 33,995 125,836 80,897
91,841 33,995 125,836 80,897
28,625
97,211		 76,735
4,162
125,836 80,897

For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mrs A Greig Trustee 20/03/2026

The notes on pages 11 to 16 form part of these financial statements.

Page 10

Oakleyasn Ltd Notes to the Financial Statements For The Year Ended 31 December 2025

1. General Information

Oakleyasn Ltd is a company limited by guarantee, incorporated in Scotland, registered number SC743152 and registered charity number SC053128. The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

Incoming resources are recognised and included in the accounts when all of the following criteria are met:

The charity has entitlement to the funds;

any performance conditions attached to the income have been met or are fully within the control of the charity: there is sufficient certainty that receipt of the income is considered prabable; and the amount can be measured reliably.

2.3. Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery 15% reducing balance Motor Vehicles 15% reducing balance Fixtures & Fittings 15% reducing balance Computer Equipment 33% straight line

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

Donations and gifts
Grants		 Unrestricted
funds
£
26,722
25,000		 Restricted
funds
£
-
62,870		 2025
Total
funds
£
26,722
87,870
51,722 62,870 114,592

Page 11

Oakleyasn Ltd Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

Donations and gifts
Grants
4.
Income from Other Trading Activities
Fundraising events
5.
Net Income/(Expenditure)
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
6.
Analysis of Expenditure
Raising funds
Raising funds		 Unrestricted
funds
£
9,505
11,232		 Restricted
funds
£
-
76,735		 2024
Total
funds
£
9,505
87,967
20,737 76,735 97,472
Activities
undertaken
directly
£
5,058		 2025
Unrestricted
funds
£
132		 31
December
2024
Unrestricted
funds
£
36
2025
£
7,952		 2024
£
320
Support
costs
(see note 7)
£
64,727		 2025
Total
£
69,785
Activities
undertaken
directly
£
1,136		 Support
costs
(see note 7)
£
11,697		 2024
Total
£
12,833

Page 12

Oakleyasn Ltd Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

7. Support Costs

7.
Support Costs
Employee costs
Premises expenses
General administration
Depreciation
Governance costs
Employee costs
General administration
Depreciation
Governance costs
8.
Independent Examiner's Remuneration
Independent examination of the financial statements
Other assurance services
Tax advisory services
Other financial services		 2025
£
1,575
-
-
-
1,575		 2025
Raising
funds
£
45,518
59
10,889
7,952
309
64,727
2024
Raising
funds
£
180
7,537
320
3,660
11,697
2024
£
1,500
-
-
3,660
5,160

8. Independent Examiner's Remuneration

9. Staff Costs

9.
Staff Costs
Staff costs were as follows:
Wages and salaries
Other pension costs		 2025
£
44,005
1,043
45,048		 2024
£
-
-
-

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

  1. Average Number of Employees

Average number of employees during the year was: 1 (2024: NIL)

Page 13

Oakleyasn Ltd Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

11. Tangible Assets

Plant &
Machinery
£
Cost
As at 1 January 2025
1,626
Additions
8,514
As at 31 December 2025
10,140
Depreciation
As at 1 January 2025
245
Provided during the period
489
As at 31 December 2025
734
Net Book Value
As at 31 December 2025
9,406
As at 1 January 2025
1,381
2.
Debtors
Due within one year
Trade debtors
Other debtors
3.
Creditors: Amounts Falling Due Within One Year
Trade creditors
Other creditors
Taxation and social security
Accruals and deferred income		 Plant &
Machinery
£
1,626
8,514		 Motor
Vehicles
£
-
33,995		 Fixtures &
Fittings
£
500
2,919		 Fixtures &
Fittings
£
500
2,919		 Computer
Equipment
£
-
4,884		 Total
£
2,126
50,312
10,140 33,995 3,419 4,884 52,438
245
489		 -
7,082		 75
158		 -
223		 320
7,952
734 7,082 233 223 8,272
9,406 26,913 3,186 4,661 44,166
1,381 - 425 - 1,806
2025
£
18
7,697
7,715
2025
£
(155)
15,901
1,647
4,085
21,478		 2024
£
-
-
-
2024
£
35
15,861
-
5,160
21,056

12. Debtors

13. Creditors: Amounts Falling Due Within One Year

14. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,043 (2024: £0).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

15. Movement in Funds

5.
Movement in Funds
As at 1 As at 31
January December
2025 Income Expenditure Transfers 2025
£ £ £ £ £
Unrestricted funds
General:
General unrestricted fund 4,162 51,854 (69,785) 110,980 97,211
...CONTINUED

Page 14

Oakleyasn Ltd Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

Restricted funds
ASDA Foundation
Agnes Hunter Tust
AVA
Hillhead of Auquhirie
Meikle Carewe
Scottish Childrens Lottery Trust
Scottish Midland Coop
SFX Foundation
The National Lottery
AVA ( Communities Mental Health)
New Park Educational Trust
Bauer Radio - Cash for Kids
Groundwork UK
Shell STEM
RS Macdonald
AAIBE
Aberdeenshire Council
NHSG
Toy Trust
Total restricted funds
Total funds
Unrestricted funds
General:
General unrestricted fund
Restricted funds
ASDA Foundation
Agnes Hunter Tust
AVA
Hillhead of Auquhirie
Meikle Carewe
Scottish Childrens Lottery Trust
Scottish Midland Coop
SFX Foundation
The National Lottery
Total restricted funds
Total funds		 800
8,775
35,455
1,500
1,838
3,000
368
4,999
20,000
-
-
-
-
-
-
-
-
-
-		 -
-
5,456
1,199
4,312
3,900
-
-
-
9,857
5,000
5,126
5,000
1,000
9,500
1,020
1,000
8,000
2,500		 -
-
1
-
-
-
-
-
-
(1)
-
-
-
-
-
-
-
-
-		 (800)
(8,751)
(35,429)
(1,500)
(2,687)
(3,000)
(368)
(4,060)
(19,978)
(9,847)
(5,000)
(5,126)
(5,000)
-
-
-
(991)
(8,000)
(443)		 -
24
5,483
1,199
3,463
3,900
-
939
22
9
-
-
-
1,000
9,500
1,020
9
-
2,057
76,735 62,870 - (110,980) 28,625
80,897 114,724 (69,785) - 125,836
As at 1
January
2024
£
(3,778)
-
-
-
-
-
-
-
-
-		 Income
£
20,773
800
8,775
35,455
1,500
1,838
3,000
368
4,999
20,000		 Expenditure
£
(12,833)
-
-
-
-
-
-
-
-
-		 As at 31
December
2024
£
4,162
800
8,775
35,455
1,500
1,838
3,000
368
4,999
20,000
- 76,735 - 76,735
(3,778) 97,508 (12,833) 80,897

Page 15

Oakleyasn Ltd Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

16. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

17. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

18. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 16

Oakleyasn Ltd Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations and gifts
Grants
Other trading activities
Fundraising events
EXPENDITURE ON:
Raising funds
Other trading activities
Consumable items
Wages and salaries
Employers pensions - defined contributions scheme
Staff training
Travel and subsistence expenses
Rent
Cleaning
Vehicle running costs
Computer software, consumables and maintenance
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs
Independent examiner's fees
Legal fees
Consultancy fees
Subscriptions
Bank charges
Charitable donations
Sundry expenses
Depreciation of plant and machinery
Depreciation of motor vehicles
Depreciation of fixtures and fittings
Depreciation of computer equipment
Independent examiner's fees
Professional fees
NET INCOME		 2025
Total
funds
£
26,722
87,870		 2024
Total
funds
£
9,505
87,967
114,592
132		 97,472
36
132 36
114,724
(1,972)
(3,086)
(44,005)
(1,043)
(399)
(71)
(15)
(44)
(449)
(259)
(2,144)
(2,359)
(119)
(601)
(1,575)
(1,375)
(190)
(313)
(76)
(456)
(973)
(489)
(7,082)
(158)
(223)
-
(309)		 97,508
(652)
(484)
-
-
(180)
-
-
-
-
-
-
(115)
(93)
(807)
(1,500)
(960)
-
(3,712)
(26)
(200)
(124)
(245)
-
(75)
-
(3,660)
-
(69,785) (12,833)
(69,785) (12,833)
44,939 84,675

Page 17