OAKWOOD YOUTH CHALLENGE
Financial health, per its FY2024 accounts
The accounts state that total income increased to £1,910,834 from £1,790,154 in the prior year, while total expenditure rose to £1,875,145 from £1,692,735. The charity ended the year with a net surplus of £35,689 and unrestricted net assets of £1,051,787, with cash reserves of £291,259. The trustees report no reserves policy has been set to date but confirm the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Rent of £13,000 (2023: £13,000) was received from Foundation Church, an organisation in which trustee Mr D E Main is a Trustee, and Development Director, Owen Hayward is the Pastor.” — page 25
“Payments of £100,000 were made to PSILogic Limited, an organization in which trustee Mr T Pudner is a director. The balance outstanding at year end was £100,000.” — page 25
“Rent of £13,000 (2023: £13,000) was received from Foundation Church, an organisation in which trustee Mr D E Main is a Trustee, and Development Director, Owen Hayward is the Pastor.” — page 25
“Payments of £100,000 were made to PSILogic Limited, an organization in which trustee Mr T Pudner is a director. The balance outstanding at year end was £100,000.” — page 25
“Rent of £13,000 (2023: £13,000) was received from Foundation Church, an organisation in which trustee Mr D E Main is a Trustee, and Development Director, Owen Hayward is the Pastor.” — page 25
“Payments of £100,000 were made to PSILogic Limited, an organization in which trustee Mr T Pudner is a director. The balance outstanding at year end was £100,000.” — page 25
“Rent of £13,000 (2023: £13,000) was received from Foundation Church, an organisation in which trustee Mr D E Main is a Trustee, and Development Director, Owen Hayward is the Pastor.” — page 25
“Payments of £100,000 were made to PSILogic Limited, an organization in which trustee Mr T Pudner is a director. The balance outstanding at year end was £100,000.” — page 25
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Sean Edward Philip Greenchair
- Daniel Jonathan Buchanan
- Owen David Hayward
- PAULINE ELIZABETH HELLIAR-SYMONS
- Richard Daniel Kay
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £1.9m |
| 31/12/2023 | £1.8m | £1.7m |
| 31/12/2022 | £1.7m | £1.5m |
| 31/12/2021 | £1.1m | £1.0m |
| 31/12/2020 | £812k | £843k |
Common questions
Is OAKWOOD YOUTH CHALLENGE financially healthy?
The accounts state that total income increased to £1,910,834 from £1,790,154 in the prior year, while total expenditure rose to £1,875,145 from £1,692,735. The charity ended the year with a net surplus of £35,689 and unrestricted net assets of £1,051,787, with cash reserves of £291,259. The trustees report no reserves policy has been set to date but confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Ward Williams.