TOWER HAMLETS AND CANARY WHARF FURTHER EDUCATION TRUST CHARITY REGISTRATION NUMBER 1002772 ACCOUNTS AND TRUSTEES, REPORT ST FOR THE YEAR ENDED 31 AUGUST 2024 Introduction 1 .1 The Tower Hamlets and Canary INharf Further Education 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 statements comply with current statutory requirements, including the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102). Ob'ectives and Activities 2.1 The original objective of the Trust Fund was the advancement of education and training for residents of the London Borough of Tower Hamlets in technical 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 further or higher education or the vocational training of persons living within the London Borough of Tower Hamlets. Procedures and Polic for Grant Makin The Trust has a policy of making grants available for the further or higher education or vocational training of persons living within the London Borough of Tower Hamlets.
3.2 Applications for financial assistance 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 meeting including all trustees is held twice a year to make decisions on new grants and to review on-going grant policy and its effectiveness. 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 criteria. Achievements and Performance During the financial year the trustees applied the following criteria to determine eligibility for assistance from the Trust: Three year residency in Tower Hamlets Exclusion of courses attracting mandatory support Post-graduate courses and apprentIshIpS 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 assistance 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 2023124 Awards Students 95 2022123 Awards Students 53 One Cate of Assistance Granted Two Cate ories of Assistsnce Granted Awards Made 95 100 98 53 4.3 The trustees are mindful of the public benefit tests for charities, and confirm 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 increased significantly from 53 (2022123) to 101 in 2023124. 4.5 There were three students who were granted both tuition and maintenance. Payments to students in the academic year totalled £ 150,028 This comprised the following elements:_ Table 2 - Pa ments To Students 2023124 2022122 Pa ment to Students in ear Re ment of Grants relatin Sub-total; rants Other expenses Per Statement of Financial Activities 150 028 99,390 to revious ears 150.028 10,621 160,649 99,390 8,089 107,479 The value of grants awarded increased by by £ 50,638 (50.9 % ).
4.6 The assistance provided to students is as set out below".- Table 3 Assistance Provided 2023124 Awards Average 1,439 2,020 1,485 2022123 Awards Number 93 Number 52 Avera 1,895 840 Tuitior) Fees Maintenance Total Awards Number of Students 133,872 16,156 150 028 98.550 840 99.390 53 101 53 53 The number of awards for tuition fees increased by 78.8 % from 52 (2022123) to 93 (2023124). There were eight awards for maintenance granted in 2023124 - the highest for a number of years. A breakdown of the 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 Assisted 2022123 Awards Number Avera 2,643 2,740 2.701 1,191 2,155 1,530 2022123 Awards Number Avera 3,725 3,238 3,481 1,558 1,909 1,875 Post Graduate First De ree Sub Total Advanced Education 'A' Levellother 15,858 24,665 40,523 85,800 23,705 150,028 11,175 9,715 20,890 49,872 28,628 15 72 32 15 53 98 4.8 The specific courses and the level of assistance provided are as set out in Appendix 2. 4.9 Appendix 3 details the institutions whose students reiVed awards in 2023124. Although the value and number of awards granted in 2023124 increased significantly from 2022123 the number of institutions used decreased from 30 in 2022123 to 21 in 2023124. This is mainly due to the extremely high proportion of students registered with Account 3 (72).
Since 2018119 the institution with by far the largest number of attendees has been Account 3. This remains the same in 2023124 with the number of students registered with that organisation increasing from 15 to 72 (an increase of 4.10 The Trust is not currently considering any extension of its activities although it does review its operational basis annually. 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 Ltd, with an investment objective of securing a median level of return with moderate risk whilst maintaining the capital base. 5.2 ReseNes poliGy The Trust Deed requires the trustees to 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 reserves required to be maintained. 5.3 The Trust had funds brought forward for the year of £ 381 ,543. When this figure is added to the investment income generated during the year (£ 186,961) then the Trust had total funds of £ 568,504 (£ 489.022 2022123) available to provide assistance in the academic year. The Trust incurred expenditure of £ 160,650 (£ 107,479 in 2022123) which represented 28 % <22 % 2022123) of available resources. The figure also represents 86 % of the dividendslinterest received during the year (see Table 5 below). The residual funds of £ 407,854 {£ 381,543 2022123) will be carried forward into the next academic year. 5.4 The fund accrued investment income of £ 186,961 (£ 167,197 2022123) during the year. The retums obtained on the different categories of investment are as set out below:_
Table S Investment Returns Common Investment Fund Equity Based 5,211,453 Bank Totsl Average Balance 2022123 Dividendsllnterest Received Return 873,040 6,084,493 146,132 40,829 186,961 5.5 The market value of the investment in Common Investment Funds rose by £ 403,099 (8.05 % ) during the year. The appreciationldepreciation on the different categories of investment is set out below.'_ Table 6 ital A reciation of Common Investment Funds ui Based 2,047,772 2,962,131 5,009,903 5,413,002 Book Value reciation Since AG Market Value 01.09.23 Market Value 31.08.24 uisition Appreciation/Depreciation 2023124 Return 2023124 Annual Return since ac uisition 403,099 8.05 % 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 grant is specifically to facilitate students who are resident 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 oan Estate Bursary (OEB). The Trust is to promote the advancement of higher education amongst the students and will be assisted by the Ocean Regeneration Trust (ORT) to identify potential applicants and to better administer the grant in accordan with the purpose for which it is awarded. Grants 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 grant period. This originally commenced August 2014. As has already been noted it was originally intended that the 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 2023124 academic year the Ocean Estate scheme awarded no bursaries. It was the first time this had happened since the scheme was introduced. Structure Governance and Mana ement The trustees are nominated by the parties in the trust 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 charity and the context 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 charity fas. To date these have mainly related to investment management and these have been ameliorated by diversified portfolio management. 7.4 Trustees 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 grants annually on the basis of projected investment income thereby having no significant financial commitments. Future Plans In the medium temi the trustees plan to continue to run the trust on the same basis of making grants in accordan with 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 suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent., State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure disclosed and explained in the financial statements., and Prepare the financial statements on the going concem 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 disclose with reasonable accuracy at any time the financial position of the charity and enable them 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 Trustee Board Members of the Trustee Board. who served during the year are set out below. 10. Reference and administrative details 10.1 The Trust has charitable 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 between the London Borough of Tower Hamlets (LBTH) and Canary Wharf Limited. Members of the Trustee Board who served during the year and up to the date of this report, are set out below.. Current Trustees Mr Neil Griffrths Director- People Development Appointed 04.06.24 Ms Pamiitha Tahid Associate Director- Leaming and Skills Appointed 04.06.24 Cllr Maium Talukdar Councillor LBTH Appointed 04.06.24 Cllr Miraj (Amin) Rahman Councillor LBTH Appointed 04.06.24
PrevTOUS Trustees coverin the eriod of accounts to date Ms Vicky Clark Officer of LBTH Appointed 23101119, Retired 04106124 Cllr Abdal Ullah Councillor LBTH Appointed 23101119, Retired 04106124 Mr Howard Dawber Managing Director of Strategy Appointed 12110120, Retired 04106124 Mr Zakir Khan Director of Community Appointed 06108121. Retired 04106124 10.4 Independent Examiners Independent Examiner Ms Mauva Adams Ma'Leon Accountsncy serVIS Ltd 85 Great Portland Street London W1W7LT 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 -10-
Approved by the trustees and signed on their behalf on f 7th '7ogs Mr Neil Griffiths Trustee (and Chair) Dats.. -11-
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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 2024 Introduction 1 .1 The Tower Hamlets and Canary INharf Further Education 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 statements comply with current statutory requirements, including the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS102). Ob'ectives and Activities 2.1 The original objective of the Trust Fund was the advancement of education and training for residents of the London Borough of Tower Hamlets in technical 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 further or higher education or the vocational training of persons living within the London Borough of Tower Hamlets. Procedures and Polic for Grant Makin The Trust has a policy of making grants available for the further or higher education or vocational training of persons living within the London Borough of Tower Hamlets.
3.2 Applications for financial assistance 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 meeting including all trustees is held twice a year to make decisions on new grants and to review on-going grant policy and its effectiveness. 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 criteria. Achievements and Performance During the financial year the trustees applied the following criteria to determine eligibility for assistance from the Trust: Three year residency in Tower Hamlets Exclusion of courses attracting mandatory support Post-graduate courses and apprentIshIpS 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 assistance 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 2023124 Awards Students 95 2022123 Awards Students 53 One Cate of Assistance Granted Two Cate ories of Assistsnce Granted Awards Made 95 100 98 53 4.3 The trustees are mindful of the public benefit tests for charities, and confirm 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 increased significantly from 53 (2022123) to 101 in 2023124. 4.5 There were three students who were granted both tuition and maintenance. Payments to students in the academic year totalled £ 150,028 This comprised the following elements:_ Table 2 - Pa ments To Students 2023124 2022122 Pa ment to Students in ear Re ment of Grants relatin Sub-total; rants Other expenses Per Statement of Financial Activities 150 028 99,390 to revious ears 150.028 10,621 160,649 99,390 8,089 107,479 The value of grants awarded increased by by £ 50,638 (50.9 % ).
4.6 The assistance provided to students is as set out below".- Table 3 Assistance Provided 2023124 Awards Average 1,439 2,020 1,485 2022123 Awards Number 93 Number 52 Avera 1,895 840 Tuitior) Fees Maintenance Total Awards Number of Students 133,872 16,156 150 028 98.550 840 99.390 53 101 53 53 The number of awards for tuition fees increased by 78.8 % from 52 (2022123) to 93 (2023124). There were eight awards for maintenance granted in 2023124 - the highest for a number of years. A breakdown of the 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 Assisted 2022123 Awards Number Avera 2,643 2,740 2.701 1,191 2,155 1,530 2022123 Awards Number Avera 3,725 3,238 3,481 1,558 1,909 1,875 Post Graduate First De ree Sub Total Advanced Education 'A' Levellother 15,858 24,665 40,523 85,800 23,705 150,028 11,175 9,715 20,890 49,872 28,628 15 72 32 15 53 98 4.8 The specific courses and the level of assistance provided are as set out in Appendix 2. 4.9 Appendix 3 details the institutions whose students reiVed awards in 2023124. Although the value and number of awards granted in 2023124 increased significantly from 2022123 the number of institutions used decreased from 30 in 2022123 to 21 in 2023124. This is mainly due to the extremely high proportion of students registered with Account 3 (72).
Since 2018119 the institution with by far the largest number of attendees has been Account 3. This remains the same in 2023124 with the number of students registered with that organisation increasing from 15 to 72 (an increase of 4.10 The Trust is not currently considering any extension of its activities although it does review its operational basis annually. 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 Ltd, with an investment objective of securing a median level of return with moderate risk whilst maintaining the capital base. 5.2 ReseNes poliGy The Trust Deed requires the trustees to 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 reserves required to be maintained. 5.3 The Trust had funds brought forward for the year of £ 381 ,543. When this figure is added to the investment income generated during the year (£ 186,961) then the Trust had total funds of £ 568,504 (£ 489.022 2022123) available to provide assistance in the academic year. The Trust incurred expenditure of £ 160,650 (£ 107,479 in 2022123) which represented 28 % <22 % 2022123) of available resources. The figure also represents 86 % of the dividendslinterest received during the year (see Table 5 below). The residual funds of £ 407,854 {£ 381,543 2022123) will be carried forward into the next academic year. 5.4 The fund accrued investment income of £ 186,961 (£ 167,197 2022123) during the year. The retums obtained on the different categories of investment are as set out below:_
Table S Investment Returns Common Investment Fund Equity Based 5,211,453 Bank Totsl Average Balance 2022123 Dividendsllnterest Received Return 873,040 6,084,493 146,132 40,829 186,961 5.5 The market value of the investment in Common Investment Funds rose by £ 403,099 (8.05 % ) during the year. The appreciationldepreciation on the different categories of investment is set out below.'_ Table 6 ital A reciation of Common Investment Funds ui Based 2,047,772 2,962,131 5,009,903 5,413,002 Book Value reciation Since AG Market Value 01.09.23 Market Value 31.08.24 uisition Appreciation/Depreciation 2023124 Return 2023124 Annual Return since ac uisition 403,099 8.05 % 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 grant is specifically to facilitate students who are resident 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 oan Estate Bursary (OEB). The Trust is to promote the advancement of higher education amongst the students and will be assisted by the Ocean Regeneration Trust (ORT) to identify potential applicants and to better administer the grant in accordan with the purpose for which it is awarded. Grants 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 grant period. This originally commenced August 2014. As has already been noted it was originally intended that the 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 2023124 academic year the Ocean Estate scheme awarded no bursaries. It was the first time this had happened since the scheme was introduced. Structure Governance and Mana ement The trustees are nominated by the parties in the trust 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 charity and the context 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 charity fas. To date these have mainly related to investment management and these have been ameliorated by diversified portfolio management. 7.4 Trustees 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 grants annually on the basis of projected investment income thereby having no significant financial commitments. Future Plans In the medium temi the trustees plan to continue to run the trust on the same basis of making grants in accordan with 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 suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent., State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure disclosed and explained in the financial statements., and Prepare the financial statements on the going concem 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 disclose with reasonable accuracy at any time the financial position of the charity and enable them 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 Trustee Board Members of the Trustee Board. who served during the year are set out below. 10. Reference and administrative details 10.1 The Trust has charitable 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 between the London Borough of Tower Hamlets (LBTH) and Canary Wharf Limited. Members of the Trustee Board who served during the year and up to the date of this report, are set out below.. Current Trustees Mr Neil Griffrths Director- People Development Appointed 04.06.24 Ms Pamiitha Tahid Associate Director- Leaming and Skills Appointed 04.06.24 Cllr Maium Talukdar Councillor LBTH Appointed 04.06.24 Cllr Miraj (Amin) Rahman Councillor LBTH Appointed 04.06.24
PrevTOUS Trustees coverin the eriod of accounts to date Ms Vicky Clark Officer of LBTH Appointed 23101119, Retired 04106124 Cllr Abdal Ullah Councillor LBTH Appointed 23101119, Retired 04106124 Mr Howard Dawber Managing Director of Strategy Appointed 12110120, Retired 04106124 Mr Zakir Khan Director of Community Appointed 06108121. Retired 04106124 10.4 Independent Examiners Independent Examiner Ms Mauva Adams Ma'Leon Accountsncy serVIS Ltd 85 Great Portland Street London W1W7LT 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 -10-
Approved by the trustees and signed on their behalf on f 7th '7ogs Mr Neil Griffiths Trustee (and Chair) Dats.. -11-
1.283 1.r25 6.1 Law PcgrJuth Dipknna Ms¢ Inkrni)nal Marknling Spatial PLaMill9 M &Jb tot•1 Fitsi l)8grn• &4 Psytholow for Edu 2.040 1,2(Kl 2,325 Sub tolal Advancd Educalion Nursing ch11areeathIry Assistant P11¢ Pdw. Polibcl s¢n arnl Pdil 2,1( 79.2Q) Sub tol41 Ad¥b> and Guida BarTran8fer Tèst Caung011iry Le1 2 CounsdliTrJ Level 4 Dip4thma Islamtc cJnsethty Tra}r1¥ Lev814 tliploma in Cour£ellir¥J 1,710 1,295 3.851 Subt(rt ot• 11 23.705
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Independent Examiner's Report to the trustees of Tower Hamlets and Canary Wharf Further Education Trust
I report to the charity trustees on my examination of the financial statements of Tower Hamlets and Canary Wharf Further Education Trust for the year ended 31 August 2024.
Responsibilities and basis of report
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination.
I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of the Charities (Accounts and Reports) Regulations 2008 or Regulation 8 of the Accounts Regulations 2006 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination: or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mauva Adams FMAAT, AATQB
Ma’Leon Accountancy Services Limited 85 Great Portland Street London W1W 7LT Dated: 27[th] June 2025