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 apprentI￿shIpS 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 re￿iVed 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 o￿an 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 fa￿s. 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 serVI￿S 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 apprentI￿shIpS 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 re￿iVed 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 o￿an 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 fa￿s. 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 serVI￿S 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..
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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 

- 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