Companies House 13690647 2025-10-31 2025-10-31 2024-11-01 false iso4217:GBP xbrli:pure 13690647 2023-11-01 2024-10-31 13690647 2025-10-31 13690647 2024-11-01 2025-10-31 13690647 2024-10-31 13690647 curr:PoundSterling 2024-11-01 2025-10-31 13690647 uk-bus:CompanyLimitedByGuarantee 2024-11-01 2025-10-31 13690647 uk-bus:FRS102 2024-11-01 2025-10-31 13690647 uk-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 13690647 uk-bus:FullAccounts 2024-11-01 2025-10-31 13690647 uk-bus:RegisteredOffice 2024-11-01 2025-10-31 13690647 uk-bus:Director1 2024-11-01 2025-10-31 13690647 uk-bus:Director2 2024-11-01 2025-10-31 13690647 uk-bus:Director3 2024-11-01 2025-10-31 13690647 uk-bus:Director4 2024-11-01 2025-10-31 13690647 uk-bus:Director5 2024-11-01 2025-10-31 13690647 uk-bus:Director6 2024-11-01 2025-10-31 13690647 uk-bus:Director7 2024-11-01 2025-10-31 13690647 uk-bus:Director8 2024-11-01 2025-10-31 13690647 uk-bus:Director9 2024-11-01 2025-10-31 13690647 uk-bus:Director10 2024-11-01 2025-10-31 13690647 uk-bus:Director11 2024-11-01 2025-10-31 13690647 uk-bus:Director12 2024-11-01 2025-10-31 13690647 uk-bus:Director13 2024-11-01 2025-10-31 13690647 uk-bus:Director14 2024-11-01 2025-10-31 13690647 uk-bus:Director15 2024-11-01 2025-10-31 13690647 uk-bus:Director16 2024-11-01 2025-10-31 13690647 uk-bus:Director17 2024-11-01 2025-10-31 13690647 uk-bus:Director18 2024-11-01 2025-10-31 13690647 uk-bus:Director19 2024-11-01 2025-10-31 13690647 uk-bus:Director20 2024-11-01 2025-10-31 13690647 uk-bus:Director21 2024-11-01 2025-10-31 13690647 uk-bus:CompanySecretary1 2024-11-01 2025-10-31 13690647 core:AfterOneYear 2025-10-31 13690647 core:AfterOneYear 2024-10-31 13690647 core:WithinOneYear 2025-10-31 13690647 core:WithinOneYear 2024-10-31 13690647 core:WithinOneYear 2024-11-01 2025-10-31 13690647 core:AfterOneYear 2025-10-31 13690647 core:AfterOneYear 2024-10-31 13690647 core:AfterOneYear 2024-11-01 2025-10-31 13690647 core:ShareCapital 2025-10-31 13690647 core:ShareCapital 2024-10-31 13690647 core:SharePremium 2025-10-31 13690647 core:SharePremium 2024-10-31 13690647 core:OtherReservesSubtotal 2025-10-31 13690647 core:OtherReservesSubtotal 2024-10-31 13690647 core:RevaluationReserve 2025-10-31 13690647 core:RevaluationReserve 2024-10-31 13690647 core:RetainedEarningsAccumulatedLosses 2025-10-31 13690647 core:RetainedEarningsAccumulatedLosses 2024-10-31 13690647 1 2024-11-01 2025-10-31 13690647 2 2024-11-01 2025-10-31 13690647 3 2024-11-01 2025-10-31 13690647 core:LandBuildings 2024-11-01 2025-10-31 13690647 core:LandBuildings 2025-10-31 13690647 core:LandBuildings 2023-11-01 2024-10-31 13690647 core:LandBuildings 2024-10-31 13690647 core:PlantMachinery 2024-11-01 2025-10-31 13690647 core:PlantMachinery 2025-10-31 13690647 core:PlantMachinery 2023-11-01 2024-10-31 13690647 core:PlantMachinery 2024-10-31 13690647 core:FurnitureFittingsToolsEquipment 2024-11-01 2025-10-31 13690647 core:FurnitureFittingsToolsEquipment 2025-10-31 13690647 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 13690647 core:FurnitureFittingsToolsEquipment 2024-10-31 13690647 core:OfficeEquipment 2024-11-01 2025-10-31 13690647 core:OfficeEquipment 2025-10-31 13690647 core:OfficeEquipment 2023-11-01 2024-10-31 13690647 core:OfficeEquipment 2024-10-31 13690647 core:Vehicles 2024-11-01 2025-10-31 13690647 core:Vehicles 2025-10-31 13690647 core:Vehicles 2023-11-01 2024-10-31 13690647 core:Vehicles 2024-10-31 13690647 core:NetGoodwill 2024-11-01 2025-10-31 13690647 core:NetGoodwill 2025-10-31 13690647 core:NetGoodwill 2023-11-01 2024-10-31 13690647 core:NetGoodwill 2024-10-31 13690647 core:IntangibleAssetsOtherThanGoodwill 2024-11-01 2025-10-31 13690647 core:IntangibleAssetsOtherThanGoodwill 2025-10-31 13690647 core:IntangibleAssetsOtherThanGoodwill 2023-11-01 2024-10-31 13690647 core:IntangibleAssetsOtherThanGoodwill 2024-10-31

# OAK INITIATIVE UK CIC

## Company limited by guarantee

## Company Registration Number:
13690647 (England and Wales)

## Unaudited statutory accounts for the year ended 31 October 2025

## Period of accounts

## Start date: 1 November 2024

## End date: 31 October 2025

# OAK INITIATIVE UK CIC

## Contents of the Financial Statements

for the Period Ended 31 October 2025

Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# OAK INITIATIVE UK CIC

## Profit And Loss Account

for the Period Ended 31 October 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 43,747 | 31,571
Cost of sales: | ( 13,999 ) | ( 10,065 )
Gross profit(or loss): | 29,748 | 21,506
Administrative expenses: | ( 26,773 ) | ( 19,046 )
Operating profit(or loss): | 2,975 | 2,460
Profit(or loss) before tax: | 2,975 | 2,460
Tax: | ( 562 ) | ( 467 )
Profit(or loss) for the financial year: | 2,413 | 1,993

# OAK INITIATIVE UK CIC

## Balance sheet

As at 31 October 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Current assets
Cash at bank and in hand: |  | 11,682 | 10,702
Total current assets: |  | 11,682 | 10,702
Creditors: amounts falling due within one year: | 3 | ( 2,542 ) | ( 2,474 )
Net current assets (liabilities): |  | 9,140 | 8,228
Total assets less current liabilities: |  | 9,140 | 8,228
Creditors: amounts falling due after more than one year: | 4 | ( 5,204 ) | ( 6,404 )
Total net assets (liabilities): |  | 3,936 | 1,824
Members' funds
Profit and loss account: |  | 3,936 | 1,824
Total members' funds: |  | 3,936 | 1,824

The notes form part of these financial statements

# OAK INITIATIVE UK CIC

## Balance sheet statements

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

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

The directors 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 January 2026
and signed on behalf of the board by:

Name: Olusola Kolawole
Status: Director

The notes form part of these financial statements

# OAK INITIATIVE UK CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover comprises income from grants, donations, contracts for services, and other trading activities. Income is recognised when the company becomes entitled to it, the amount can be measured reliably, and it is probable that the economic benefits will be received. Revenue from the provision of services is recognised as the services are delivered. Grants and donations are recognised in accordance with the terms and conditions attached to the funding.

  Other accounting policies

  Accrual Basis

# OAK INITIATIVE UK CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 2 | 2

# OAK INITIATIVE UK CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 3. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 1,980 | 2,007
Taxation and social security | 562 | 467
Total | 2,542 | 2,474

# OAK INITIATIVE UK CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 4. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 5,204 | 6,404
Total | 5,204 | 6,404

# COMMUNITY INTEREST ANNUAL REPORT

### OAK INITIATIVE UK CIC

### Company Number: 13690647 (England and Wales)

### Year Ending: 31 October 2025

Company activities and impact

During the financial year, the Oak Initiative implemented a range of activities that positively impacted the community. These activities contributed to improved livelihoods, enhanced access to essential services, and strengthened community resilience. Key benefits included: Capacity building: Training and awareness programs equipped community members with practical skills, increasing their ability to generate income and make informed decisions. Education support: Provision of educational materials, scholarships, and mentorship programs helped improve school attendance and academic performance among children and young people. Health and well-being: Health outreach programs, screenings, and awareness campaigns improved access to healthcare services and promoted healthier lifestyles. Economic empowerment: Support for small businesses, vocational training, and savings groups created employment opportunities and increased household incomes. Support for vulnerable groups: Targeted assistance to women, youth, persons with disabilities, and vulnerable households enhanced social inclusion and reduced hardship. Community development: Infrastructure improvements, environmental conservation activities, and community engagement initiatives strengthened local development and encouraged collective action. Partnerships and sustainability: Collaboration with local authorities, community leaders, and partner organizations increased the effectiveness and sustainability of development interventions. Overall, the Oak Initiative's activities during the financial year contributed to improved quality of life, greater economic opportunities, stronger community participation, and enhanced resilience, laying a solid foundation for sustainable community development.

Consultation with stakeholders

Details of Consultation with Stakeholders During the financial year, the Oak Initiative conducted regular consultations with key stakeholders to ensure that its activities were responsive to community needs and aligned with development priorities. Stakeholders consulted included community leaders, local government representatives, beneficiaries, partner organizations, educational institutions, healthcare providers, women's and youth groups, and donors. Consultation activities included: Community meetings to identify priority needs and gather feedback on ongoing projects. Focus group discussions with women, youth, and vulnerable groups to ensure inclusive participation. Meetings with local government officials to coordinate activities and align projects with local development plans. Engagement with partner organizations to strengthen collaboration, share experiences, and avoid duplication of efforts. Beneficiary feedback sessions, surveys, and monitoring visits to assess project effectiveness and identify areas for improvement. Periodic review meetings with donors and project partners to discuss progress, challenges, financial accountability, and future priorities. Feedback from these consultations informed project planning, implementation, and monitoring. Stakeholders recommended expanding livelihood support, increasing community awareness programs, strengthening youth and women's empowerment initiatives, and improving monitoring and evaluation systems. The Oak Initiative incorporated these recommendations into its work plans, helping to enhance the relevance, effectiveness, and sustainability of its interventions.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 January 2026

And signed on behalf of the board by:
Name: Olusola Kolawole
Status: Director