OAKDALE HOUSE TRUST
To promote and provide facilities for recreation and health benefits for disadvantaged inhabitants of Luton (Please see annual report for more details)
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in resources of (58,438) GBP for the year ended 30 November 2024, resulting in total funds decreasing from 182,763 GBP to 124,325 GBP. The trustees declare that the accounts have been prepared on a going concern basis, assuming the Trust will continue to operate. The charity holds unrestricted reserves of (81,529) GBP, indicating a deficit in its general funds.
What the accounts disclose
“Oakdale House Trust has restricted reserves for future project expansion and some unrestricted reserves as a security for unexpected expenses.” — page 6
Trustees
- ZAHIER NAZARchair
- HASEEB AKHTAR
- KAMRAN KHAN
- RASHID NAZAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £53k | £111k |
| 30/11/2023 | £57k | £56k |
| 30/11/2022 | £66k | £63k |
| 30/11/2021 | £106k | £63k |
| 30/11/2020 | £78k | £68k |
Common questions
Is OAKDALE HOUSE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net movement in resources of (58,438) GBP for the year ended 30 November 2024, resulting in total funds decreasing from 182,763 GBP to 124,325 GBP. The trustees declare that the accounts have been prepared on a going concern basis, assuming the Trust will continue to operate. The charity holds unrestricted reserves of (81,529) GBP, indicating a deficit in its general funds. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 16/06/2020 | £7k | COVID-19 CEF |
| UK government | 18/02/2019 | £9k | Women Side by Side |
| The National Lottery Community Fund | 16/02/2007 | £10k | Ladies Health & Fitness Promotion |