TOWER HAMLETS AND CANARY WHARF .. FURTHER EDUCATION TRUST CHARITY REGISTRATION NUMBER 1002772 ACCOUNTS AND TRUSTEES, REPORT ST FOR THE YEAR ENDED 31 AUGUST 2023 Introduction 1.1 TheTower Hamlets and CanaryWharfFurtherEducation Trustwas established on 17th July 1987, by the Council and Canary Wharf Limited (formerly known as Olympia and York Canary Wharf Limited and the Canary Wharf Development Co. Limited}. 1.2 The financial stalemenls comply with current statutory requirements, including the Slatement of Recommended Practice: Accounting and Reporting by Charities (FRS102}. Ob"ectives and Activities The original objective of Ihe Trust Fund was the advancement of education and training for residents of the London Borough of Tower Hamlets in lechnical and managerial skills relevant to commerce and industry. This objective was subsequently amended in December 1990, to enable funds of the Trust to be applied for the advancement of the fijrther or higher education or the vocational training of persons living wlhin the London Borough of Tower Hamlets. Procedures and Polic for Grant Makin 3.1 The Trust has a policy of making grants available for the further or higher education or vocational training of persons living wilhin the London Borough of Tower Hamlets.
3.2 Applications for financial 8SSlStan¢e are invited from persons living within Tower Hamlets who meet the eligibility criteria. Applications are sought by promoting the Trust on London Borough of Tower Hamlets website. 3.3 A formal trust review meeling including all twstees is held lce a year to make decisions on new grants and to review on-going grant policy and ils effecliveness. This is normally supplemented by a third meeting to review grant applications and consider the investment strategy. 3.4 The grants are allocated by the trustees on the basis of predetermined crileria. Achievements and Performance During the financial year the trustees applied Ihe following Critsria to detemiine eligibility for assistance from the Trust:_ Three year residency in Tower Hamlets Exclusion of courses attracting mandatory support Post-graduate courses and apprenticeships conferring a vocational qualification or likely to enhance employment prospects The basic criteria corresponded to those in the previous financial year 4.2 The Trustees determined that assislance would be concentrated on the following categories:. Tuition Fees Maintenance Students may apply for one or both of the categories of assistance. The assistance granted during the year may be summarised as follows=.
Table 1 Awards Made 2022123 Award8 stud•nts 53 2021122 Awards Studonts 65 One Cate of Assistance Granted Two Cate ories of Assistance Granted Awards Made 100 100 53 66 4.3 The trustees are mind1 of the publi¢ benefit tests for charities, and ¢onfirm they have complied with the duty in Section 4 of the Charities Act (2011) to have due regard to public benefit guidance published by the Charity Commission. 4.4 The total number of awards made decreased from 65 (2021122) to 53 in 2022123. 4.5 As in the previous bvo years no applicants were granted Iwo levels of assistance. Payments to students in the academic year totalled £ 99,390 This comprised the following elements=. Table 2- Pa ments To Students 2022123 2021122 Pa ment lo Students in ear ment of Grants relalin Sub-total. rant$ Oth&r ex enses P•r Statemènt of Financial Activitios 99 390 115062 to revious ears 115.062 8,873 123935 8,089 The value of grants awarded decreased by £ 15,672 (13.64/0).
4.8 The assistance provided to students is as set out below-.- Table 3 Asslstance Provided 2022123 Awards Av6ra9& 1.895 840 2021122 Award$ Numbor 52 Number 62 Avora 1,833 480 Tuition Fees Maintenance Totsl Awards Number of Sludonls 98,550 840 113.622 1,440 -116 062- 53 65 The number of awards for tuition fees decreased by 16.1 % from 62 (2021122) to 5212022123). There was only one award for maintenance granted in 2022123 (£ 840) although that was higher Ihan the average awarded for maintenance in 2021122 {£ 4801. Both of these are a significant decrease from the 2019120 average which was £ 1,475. A breakdown of Ihe grants awarded to each category of education is as set out in Appendix 1. 4.7 The courses assisted during the financial year are as set out below'.- Table 4 Courses Agslsted 2022123 Awards .Numbor Aver 3,725 3,238 2021122 Award8 Numbor. Avgra 10 2.078 2.370 Post Graduate First De ree Sub Total Advanced Education 'A' Levellother 11,175 9,715 20,786 11,850 15 36 14 65 32 49,872 28,628 1,558 1,909 56.290 1.563 1.866 53 116062 4.8 The specific courses and Ihe level of assistance provided are as set out in Appendix 2. 4.9 Appendix 3 details the institutions whose studenls received awards in 2022123. In 2022123 the number of institutions used decreased slightly from 32 to 30.
Since 2018119 the institution with by far the largest number of amendees was Account 3. This remains the same in 2022123 (15 in total). Their percentage share increased from 20.86 /0 of awards made in 2021122 to 22.64 /0 of awards made in 2022123. 4.10 The Trust is not currently considering any extension of its activities although it does review its operational basis annualty. Financial Review Investment policy Under the Trust Deed, the trustees have the power to invest in such assets as they see fit. Trustees have invested funds in unit trusts managed by CCLA Investment Management Lld, with an investment objective of securing a median level of return with moderaté risk whilst maintaining the capital base. 5.2 Reserves policy The Trust Deed requires the trustees lo use the income of the trust in promoting its objects. It also gives permission for the capital to be used. The use of the Trust's reserves is therefore wholly at the discretion of the trustees, with no particular level of reseeS required to be maintained. 5.3 The Trust had available funds (including £ 321,527 representing the accumulated under-spent fvnds from earlier years) to provide assistance in the academic year of £ 489,022 {£ 445,462 20211221. The Trust incurred expenditure of £ 107,4791£ 123,935 in 20211221 which represented 220/01280/0 2021122} of available resources. The figure also represents 64% of the dividendslinterest received during the year (see Table 5 below). The residual fijnds of £ 381,543 (£ 324,042 2021122) will be carried forward into the next academic year. 5.4 The fund accrued investment income of £ 167,1971£ 149,284 2021122> during the year. The returns obtained on the different categories of investmenl are as set out below'.-
Table 5 Investment Returns Common :: Investment . Fund Equity Ba8ed 5,059,657 Bank Total Average Balance 2022123 Dividendsllnlerest Received Return 897,539 5,757,196 144,641 22,556 167,197 2.86% 3.23% 2.90% 5.5 The market value of the investment in Common Investment Funds reduced by £ 99,507 (1.950/0) during the year. The appreciationldepreciation on the drfferent categories of investment is set out below:_ Table 6 Ca Ital A re¢latlon of Common Investment Funds E ult Based 2.344,574 2.764,836 5,109,410 5.009,903 Book Value reciation Since Ac Market Value 01.09.22 Market Value 31.08.23 uisilion AppCiatIon1DepreCiaI10n 2022123 Return 2022123 Annual Return since -99,507 -1.950 4.030 5.6 The financial accounts are as set out in Appendix 4.
Ocean Estate Bursa Scheme The trust has taken on the administration of the Ocean Estate Bursary scheme at the request of Tower Hamlets Council. Although it was originally envisaged that the OEB scheme would only last five years the scheme has been slow to get off of the ground. As a consequence the scheme will continue until all funds have been allocated. The London Borough of Tower Hamlets awarded a grant to the THCWFET of £150,000.00. The purpose of the granl is specifically to facilitate students who are residenl on the Ocean Estate. Stepney who wish to pursue higher education opportunities. The grant is funded under s106 of the Town and Country Planning Act which allows contributions to be sought from developers towards the cost of providing community infrastructure. The grant is designated the Ocean Estate Bursary {OEBI. The Trust is to promote the advancement of higher education amongst the students and will be assisted by the Ocean Regeneration Trust {ORTI to identify potenlial applicants and to better administer the grant in accordance with the purpose for which it is awarded. Granls will only be given for higher education and post graduate courses and it was originally envisaged that a maximum of 45 bursaries are to be made during the granl period. This originalty ComMend August 2014. As has already been noted it was originally intended that Ihe scheme only run for five years. However, take-up has been slow and the scheme will now run until all funds have been expended. For the 2022123 academic year the Ocean Estate scheme awarded bursaries 10 11 students totalling £ 11,000. This is 4 students (£ 4.0001 fewer than in 2021122. Structure Governance and Mana ement 7.1 The trustees are nominated by the parties in the trusl document. The London Borough of Tower Hamlets nominees are executive decisions currently undertaken by the Mayor. The trustees nominated by Canary Wharf are two managers of the Company. 7.2 Following their appointment, new trustees undergo a short training session to familiarise themselves with the ¢harity and the conlext in which it operates and to gain awareness of their legal obligations under charity law. They are provided with a copy of the Trust Deed and the latest financial statements.
7.3 The trustees annually review the risks that the char6ty faces. To date these have mainly related to investment management and these have been ameliorated by diversified portfolio management. 7.4 TTUStees have taken steps to mitigate the financial risks that the charity faces by- holding the investments in long established unit trusts., ensuring the investments are diversified., and allocating granls annually on the basis of projecled investment income thereby having no significant financial commitments. Future Plans In the medium term the trustees plan to continue to run the trust on the same basis of making grants in accordance wilh set criteria. Res onsibilities of the trustees Charity law requires the trustees to prepare financial statements for each financial year which shows a true and fair view of the state of affairs of the charity and of its financial activities that period. In preparing those financial statements, the trustees are required to.. Select suitsble accounting policies and then apply them consistently., Make judgements and estimates that are reasonable and prudent.. State whether applicable accounling standards and statements of recommended praclice have been followed, subject to any departure disclosed and explained in the financial statements,. and Prepare the financial statements on the going Concern basis unless it is inappropriate to assume that the charity will continue on that basis. The trustees are responsible for keeping proper accounting records that disc105e with reasonable auracY at any time Ihe financial posltion of the charity and enable Ihem to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the Tmstgg Boa Members of the Trustee Board, who seNed during the year are set out below. 10. Reference and administrative details 10.1 The Trust has ¢haritabSe status and was registered with the Charity Commission on 2nd May 1991 {Registration Number 1002772). 10.2 The address of the registered charity is'.- London Borough of Tower Hamlets Whitechapel Town Hall, 160 Whitechapel Road, London E1 1BJ 10.3 Trustees The Trust Deed provides for parity of Trusteeship beeen the London Borough ofTower Hamlets ILBTH} and Canary Wharf Limited. Members ofthe Trustee Board who served during the year and up to the date of this report, are set out below: Current Trust8•8 Mr Neil Griffsth5 Director- People Development Appointsd 04.06.24 Ms Parmilh8 T3hid Associate Director- Learnlng and Ski118 Appointed 04.06.24 Cllr Maium Talukdar Councillor LBTH Appointed 04.06.24 Cllr Miraj IAminl Rahman Councillor LBTH Appointed 04.06.24
Previou5 Trustees coverin the erlod of accounts to dat• M8 Vicky Clark Officer of LBTH Appointed 23101119, Retired 04106124 Cllr Abdal Ullah Councillor L8TH Appointed 23101119, Retired 04106124 Mr Howard Dawber Managing Director of Strategy Appointed 12110120, Retired 04106124 Mr Zakir Khan Director of Cornrnunily Appointèd 06108121, Retired 04106124 10.4 Independent Examlners Independent Examiner Mr Frank McDowell FJM Accountancy Limited 23 Shackleton Court 2 Maritime Quay London E14 3QF 10.5 Bankers The Cooperative Bank plc POBox101 1 Balloon Street Manchester M60 4EP 10.6 Investment Fund Managers CCLA Investment Management Limited COIF Charity Funds 80 Cheapside London EC2V 6DZ
Approved by the trustees and signed on their behalf on Mr Neil Grtrriths Trustee {and Chair) DaÈe.' Z /rh zé
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Appgndlx 2 CoyThe¥ A8•16thd 2022123 Ga18 PostGraduatO uo on Siudon slen¢4 MA Creaiiv2Wrilinq MSC Psychotogy MSC Psychdoyy 4,320 4,500 2,355 11,176 2.815 4,50) 2,400 9.716 1.193 73 1400 1.010 sub tslal Firnl Degree BA FrerKh Slu#l•8 PA P¥ythdcgy f Educat Law QvaUfylr¥ Degr•• Sub lotal Advu¢8d Edu¢ ACnIanGY Aceouhttllg Prpfvs5ional Pap8r5 Astron¢rny & A$tr¢phy¥i¢s Cettilic4t6 ffl Ptaekal Hertreb)rfj Cod1W FlaY LAW eaNh E¢onomics and Ptsllty Leaming and Teiching in HvJhBr EdatIO Legal Pra¢iice NVQ L0¥al S AdYl¢e and Gdart¢e Sthnce Concepts 8rtd Pra¢iite Sr4tcltors QualIty9 Éxamlft8I'on {8QEI I . T23Ghlno TBaChlngAsIta¢ L4¥013 S,3QO 2.400 2,000 550 22.500 49.872 2,400 1,976 1$ 32 A Lwyother Ctrrttilcat¢ in ThKlogy, Irnaqlr1Qn 8wJ Cullu CISMP TraInI Course Counselffr*J Lèwel 3 D8nco Dbl(xTh in Massa98 roma NulrSti0Tr Execuivo Leadership Pro9ramme Le1 2 Dipk>Tna in El8Ctrical installal Level 3 Qipl¢m• In Massa9e Leve14 Diploma Therapeubccounsèlling (Y¢ Level 1 Imrnigraiion Oxlord E%&cutiwa LeBdership Pwramma P051gradualeActlng Course Psychodynamrc P6ythoih¢rapy S¢dal Work 1,050 9.485 2.400 1.485 1.750 402 2.350 4,800 2.400 765 28,628 Sthtotsl 15
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TOWER HAMLETS AND CANARY WHARF .. FURTHER EDUCATION TRUST CHARITY REGISTRATION NUMBER 1002772 ACCOUNTS AND TRUSTEES, REPORT ST FOR THE YEAR ENDED 31 AUGUST 2023 Introduction 1.1 TheTower Hamlets and CanaryWharfFurtherEducation Trustwas established on 17th July 1987, by the Council and Canary Wharf Limited (formerly known as Olympia and York Canary Wharf Limited and the Canary Wharf Development Co. Limited}. 1.2 The financial stalemenls comply with current statutory requirements, including the Slatement of Recommended Practice: Accounting and Reporting by Charities (FRS102}. Ob"ectives and Activities The original objective of Ihe Trust Fund was the advancement of education and training for residents of the London Borough of Tower Hamlets in lechnical and managerial skills relevant to commerce and industry. This objective was subsequently amended in December 1990, to enable funds of the Trust to be applied for the advancement of the fijrther or higher education or the vocational training of persons living wlhin the London Borough of Tower Hamlets. Procedures and Polic for Grant Makin 3.1 The Trust has a policy of making grants available for the further or higher education or vocational training of persons living wilhin the London Borough of Tower Hamlets.
3.2 Applications for financial 8SSlStan¢e are invited from persons living within Tower Hamlets who meet the eligibility criteria. Applications are sought by promoting the Trust on London Borough of Tower Hamlets website. 3.3 A formal trust review meeling including all twstees is held lce a year to make decisions on new grants and to review on-going grant policy and ils effecliveness. This is normally supplemented by a third meeting to review grant applications and consider the investment strategy. 3.4 The grants are allocated by the trustees on the basis of predetermined crileria. Achievements and Performance During the financial year the trustees applied Ihe following Critsria to detemiine eligibility for assistance from the Trust:_ Three year residency in Tower Hamlets Exclusion of courses attracting mandatory support Post-graduate courses and apprenticeships conferring a vocational qualification or likely to enhance employment prospects The basic criteria corresponded to those in the previous financial year 4.2 The Trustees determined that assislance would be concentrated on the following categories:. Tuition Fees Maintenance Students may apply for one or both of the categories of assistance. The assistance granted during the year may be summarised as follows=.
Table 1 Awards Made 2022123 Award8 stud•nts 53 2021122 Awards Studonts 65 One Cate of Assistance Granted Two Cate ories of Assistance Granted Awards Made 100 100 53 66 4.3 The trustees are mind1 of the publi¢ benefit tests for charities, and ¢onfirm they have complied with the duty in Section 4 of the Charities Act (2011) to have due regard to public benefit guidance published by the Charity Commission. 4.4 The total number of awards made decreased from 65 (2021122) to 53 in 2022123. 4.5 As in the previous bvo years no applicants were granted Iwo levels of assistance. Payments to students in the academic year totalled £ 99,390 This comprised the following elements=. Table 2- Pa ments To Students 2022123 2021122 Pa ment lo Students in ear ment of Grants relalin Sub-total. rant$ Oth&r ex enses P•r Statemènt of Financial Activitios 99 390 115062 to revious ears 115.062 8,873 123935 8,089 The value of grants awarded decreased by £ 15,672 (13.64/0).
4.8 The assistance provided to students is as set out below-.- Table 3 Asslstance Provided 2022123 Awards Av6ra9& 1.895 840 2021122 Award$ Numbor 52 Number 62 Avora 1,833 480 Tuition Fees Maintenance Totsl Awards Number of Sludonls 98,550 840 113.622 1,440 -116 062- 53 65 The number of awards for tuition fees decreased by 16.1 % from 62 (2021122) to 5212022123). There was only one award for maintenance granted in 2022123 (£ 840) although that was higher Ihan the average awarded for maintenance in 2021122 {£ 4801. Both of these are a significant decrease from the 2019120 average which was £ 1,475. A breakdown of Ihe grants awarded to each category of education is as set out in Appendix 1. 4.7 The courses assisted during the financial year are as set out below'.- Table 4 Courses Agslsted 2022123 Awards .Numbor Aver 3,725 3,238 2021122 Award8 Numbor. Avgra 10 2.078 2.370 Post Graduate First De ree Sub Total Advanced Education 'A' Levellother 11,175 9,715 20,786 11,850 15 36 14 65 32 49,872 28,628 1,558 1,909 56.290 1.563 1.866 53 116062 4.8 The specific courses and Ihe level of assistance provided are as set out in Appendix 2. 4.9 Appendix 3 details the institutions whose studenls received awards in 2022123. In 2022123 the number of institutions used decreased slightly from 32 to 30.
Since 2018119 the institution with by far the largest number of amendees was Account 3. This remains the same in 2022123 (15 in total). Their percentage share increased from 20.86 /0 of awards made in 2021122 to 22.64 /0 of awards made in 2022123. 4.10 The Trust is not currently considering any extension of its activities although it does review its operational basis annualty. Financial Review Investment policy Under the Trust Deed, the trustees have the power to invest in such assets as they see fit. Trustees have invested funds in unit trusts managed by CCLA Investment Management Lld, with an investment objective of securing a median level of return with moderaté risk whilst maintaining the capital base. 5.2 Reserves policy The Trust Deed requires the trustees lo use the income of the trust in promoting its objects. It also gives permission for the capital to be used. The use of the Trust's reserves is therefore wholly at the discretion of the trustees, with no particular level of reseeS required to be maintained. 5.3 The Trust had available funds (including £ 321,527 representing the accumulated under-spent fvnds from earlier years) to provide assistance in the academic year of £ 489,022 {£ 445,462 20211221. The Trust incurred expenditure of £ 107,4791£ 123,935 in 20211221 which represented 220/01280/0 2021122} of available resources. The figure also represents 64% of the dividendslinterest received during the year (see Table 5 below). The residual fijnds of £ 381,543 (£ 324,042 2021122) will be carried forward into the next academic year. 5.4 The fund accrued investment income of £ 167,1971£ 149,284 2021122> during the year. The returns obtained on the different categories of investmenl are as set out below'.-
Table 5 Investment Returns Common :: Investment . Fund Equity Ba8ed 5,059,657 Bank Total Average Balance 2022123 Dividendsllnlerest Received Return 897,539 5,757,196 144,641 22,556 167,197 2.86% 3.23% 2.90% 5.5 The market value of the investment in Common Investment Funds reduced by £ 99,507 (1.950/0) during the year. The appreciationldepreciation on the drfferent categories of investment is set out below:_ Table 6 Ca Ital A re¢latlon of Common Investment Funds E ult Based 2.344,574 2.764,836 5,109,410 5.009,903 Book Value reciation Since Ac Market Value 01.09.22 Market Value 31.08.23 uisilion AppCiatIon1DepreCiaI10n 2022123 Return 2022123 Annual Return since -99,507 -1.950 4.030 5.6 The financial accounts are as set out in Appendix 4.
Ocean Estate Bursa Scheme The trust has taken on the administration of the Ocean Estate Bursary scheme at the request of Tower Hamlets Council. Although it was originally envisaged that the OEB scheme would only last five years the scheme has been slow to get off of the ground. As a consequence the scheme will continue until all funds have been allocated. The London Borough of Tower Hamlets awarded a grant to the THCWFET of £150,000.00. The purpose of the granl is specifically to facilitate students who are residenl on the Ocean Estate. Stepney who wish to pursue higher education opportunities. The grant is funded under s106 of the Town and Country Planning Act which allows contributions to be sought from developers towards the cost of providing community infrastructure. The grant is designated the Ocean Estate Bursary {OEBI. The Trust is to promote the advancement of higher education amongst the students and will be assisted by the Ocean Regeneration Trust {ORTI to identify potenlial applicants and to better administer the grant in accordance with the purpose for which it is awarded. Granls will only be given for higher education and post graduate courses and it was originally envisaged that a maximum of 45 bursaries are to be made during the granl period. This originalty ComMend August 2014. As has already been noted it was originally intended that Ihe scheme only run for five years. However, take-up has been slow and the scheme will now run until all funds have been expended. For the 2022123 academic year the Ocean Estate scheme awarded bursaries 10 11 students totalling £ 11,000. This is 4 students (£ 4.0001 fewer than in 2021122. Structure Governance and Mana ement 7.1 The trustees are nominated by the parties in the trusl document. The London Borough of Tower Hamlets nominees are executive decisions currently undertaken by the Mayor. The trustees nominated by Canary Wharf are two managers of the Company. 7.2 Following their appointment, new trustees undergo a short training session to familiarise themselves with the ¢harity and the conlext in which it operates and to gain awareness of their legal obligations under charity law. They are provided with a copy of the Trust Deed and the latest financial statements.
7.3 The trustees annually review the risks that the char6ty faces. To date these have mainly related to investment management and these have been ameliorated by diversified portfolio management. 7.4 TTUStees have taken steps to mitigate the financial risks that the charity faces by- holding the investments in long established unit trusts., ensuring the investments are diversified., and allocating granls annually on the basis of projecled investment income thereby having no significant financial commitments. Future Plans In the medium term the trustees plan to continue to run the trust on the same basis of making grants in accordance wilh set criteria. Res onsibilities of the trustees Charity law requires the trustees to prepare financial statements for each financial year which shows a true and fair view of the state of affairs of the charity and of its financial activities that period. In preparing those financial statements, the trustees are required to.. Select suitsble accounting policies and then apply them consistently., Make judgements and estimates that are reasonable and prudent.. State whether applicable accounling standards and statements of recommended praclice have been followed, subject to any departure disclosed and explained in the financial statements,. and Prepare the financial statements on the going Concern basis unless it is inappropriate to assume that the charity will continue on that basis. The trustees are responsible for keeping proper accounting records that disc105e with reasonable auracY at any time Ihe financial posltion of the charity and enable Ihem to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the Tmstgg Boa Members of the Trustee Board, who seNed during the year are set out below. 10. Reference and administrative details 10.1 The Trust has ¢haritabSe status and was registered with the Charity Commission on 2nd May 1991 {Registration Number 1002772). 10.2 The address of the registered charity is'.- London Borough of Tower Hamlets Whitechapel Town Hall, 160 Whitechapel Road, London E1 1BJ 10.3 Trustees The Trust Deed provides for parity of Trusteeship beeen the London Borough ofTower Hamlets ILBTH} and Canary Wharf Limited. Members ofthe Trustee Board who served during the year and up to the date of this report, are set out below: Current Trust8•8 Mr Neil Griffsth5 Director- People Development Appointsd 04.06.24 Ms Parmilh8 T3hid Associate Director- Learnlng and Ski118 Appointed 04.06.24 Cllr Maium Talukdar Councillor LBTH Appointed 04.06.24 Cllr Miraj IAminl Rahman Councillor LBTH Appointed 04.06.24
Previou5 Trustees coverin the erlod of accounts to dat• M8 Vicky Clark Officer of LBTH Appointed 23101119, Retired 04106124 Cllr Abdal Ullah Councillor L8TH Appointed 23101119, Retired 04106124 Mr Howard Dawber Managing Director of Strategy Appointed 12110120, Retired 04106124 Mr Zakir Khan Director of Cornrnunily Appointèd 06108121, Retired 04106124 10.4 Independent Examlners Independent Examiner Mr Frank McDowell FJM Accountancy Limited 23 Shackleton Court 2 Maritime Quay London E14 3QF 10.5 Bankers The Cooperative Bank plc POBox101 1 Balloon Street Manchester M60 4EP 10.6 Investment Fund Managers CCLA Investment Management Limited COIF Charity Funds 80 Cheapside London EC2V 6DZ
Approved by the trustees and signed on their behalf on Mr Neil Grtrriths Trustee {and Chair) DaÈe.' Z /rh zé
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Independent Examlnerfs Report to the trusto08 of Towor Hamlets and Canary Wharf Further Edu&ion Trust l pOrt lo the trustees on my examination of the w)unts of the To•Rr Hamlets and Canary Wharf Further Educatson Trust Ithe Trust) for the year ended 31 August 21723. Responslbllltle8 and ba818 of report As the charity trustees of the Trust you are responsitAe for the preparation of the accounts in actordan¢e wth the r1mertts of the Charities Act 2011 ('the ACVI. I report in respect of my examinati)n of the Trusvs arzounts carried out under stson 145 of the 2011 Act and in carrying out my examination I have folkyld all the 8pplic£ble Dirthns given by the Chanty Commission under section 145{5llbl of the ACL Independent frx•mlnerf• •tat•mw I have completed my examination. I confimi that no malerial matters have come to my attention in rnnectIon with the examinab'on giving me cause to believe that in any mater1 respecL' 1 accounts'ng records were not kept in respect of tt18 Trust as required by section 130 of the Act,. or 2 Ihe accounts do not accord wth those records., crf 3 the accounts do not compty ryth the appluble requirements conceming the fomi and content of accounts sel out in the Charitieg (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts give a Irue and falr vi*w leh is not a matter &Msidered as part of an independent examinatson, I have no ¢oncems and have come across no other matters in o)nnecbon wth the examination lo which attentron should be drawn in this reF wi order to enab a proper understsnding of thè accounts to be reached. Prank J MCDO11 FMAAT FJM Accountsncy Limited 23 Shackleton Court 2 Maritime Quay London E14 3QF Date.. 21 Octoter 202