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2024-08-31-accounts

Little Oaks Pre-School

Charity No. 1032642

Trustees' Report and Unaudited Accounts

31 August 2024

Little Oaks Pre-School CONTENTS

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Statement of Cash flows 8
Notes to the Accounts 9 to 17
Detailed Statement of Financial Activities 18 to 20

Page 1

Little Oaks Pre-School TRUSTEES ANNUAL REPORT

The Trustees present their report and unaudited financial statements for the year ended 31st August 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1032642

Trustees

The following Trustees served during the year:

P.T. Smyth S. Phadke (Resigned 15 March 2023) E. Melton H.K. Atkinson

F. Pastore

S. Patel

J. Hodges

S. Homes

Key Management Personnel

Kirsty Johnson – Manager

Debbie Albrighton – Business & Finance Manager

Accountants

Finova Partners Ltd t/a AJR & Co The Barn 11a Queen Catherine Road Steeple Claydon Buckinghamshire MK18 2PZ

OBJECTIVES AND ACTIVITIES

To enhance the development and education of children under statutory school age (age 2 to 5) in a parent-involving community-based group.

To provide a safe, secure and stimulating environment where the children can develop through talking,

observing, planning, questioning experimenting, testing, repeating, reflecting and responding to adults and to each other.

The Trustees have reviewed and follow the guidance issued by both Charity Commission and Ofsted on public benefit. Education of students in line with National Curriculum, extra-curricular activities and events to further develop and educate students

ACHIEVEMENTS AND PERFORMANCE-Please refer to the attached full Trustees report.

Staffing levels remain at pre-pandemic levels, and Helen & Maxine are months away from finalizing their Level 3 Early Years Qualifications, good luck to them both.

Welcome back Jennie who worked in setting before having her daughter and she comes back as a member of bank staff; Jennie holds a Level 3 qualification.

Page 2

Little Oaks Pre-School TRUSTEES ANNUAL REPORT

We also recruited one of our long-time student volunteers Marcus as a casual helper to come and help if needed when back from university.

Curriculum

Children attending pre-school are all developing well and making progress in line with their individual stages of development. We offer a broad and varied curriculum of topics and activities including:

We continue to engage with outside agencies including Early Years, Buckinghamshire Council, support workers, and health visitors. We also work with local area cluster groups as part of the providers in partnership commented it was the best Sports Day ever! Our thanks go to WVPS for allowing us to use their field.

Additional donations:

Grant & fundraising monies have been spent on buying new resources that the children can use to further their development including:

In addition to these larger spends we continue to offer highly interactive and stimulating play activities: using a range of resources and materials i.e. beads for threading, paints, sand, sensory play and a variety of themed crafts.

Long Service Award

Claudine – 20 years in January 2024

Page 3

Little Oaks Pre-School TRUSTEES ANNUAL REPORT

FINANCIAL REVIEW

The charity had a net deficit in the year of £12,888 (2023: £14,117). A deficit is expected in 2025 unless there are significant donations outside of the charity’s government funding.

During the year Little Oaks Pre-school received income from various sources totaling £199,167 (2023: £187,183). Expenditure during the year was £212,055 (2023: £201,300), comprising Charitable Activities of £6,650 (2023: £5,937), indirect charity running costs including staff, premises and administration £205,329 (2023: £194,488), and Raising Funds (cost of generating donations and legacies) £76 (2023: £875).

The assets available are adequate to fulfil the obligations of the charity, with net current assets of £75,749 (2023: £87,222) and fixed assets of £7,564 (2023: £8,979). The trustee feel that the unrestricted reserves of £83,313 (2023: £92,047) is sufficient to cover three months of continuous operations and ceasing operations (including redundancy) in case of delay in funding or possible future closures.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Little Oaks Pre-school is an unincorporated association.

Signed on behalf of the charity's trustees

P.T. Smyth Trustee 20/06/2025

Page 4

Little Oaks Pre-School INDEPENDENT EXAMINERS REPORT

Independent Examiner's Report to the trustees of Little Oaks Pre-School

I report to the trustees on my examination of the accounts of Little Oaks Pre-School for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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 that in, any material respect:

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 accounts to be reached.

Mr Mohsin Khokhar FCCA Finova Partners Ltd t/a AJR & Co The Barn 11a Queen Catherine Road Steeple Claydon Buckinghamshire MK18 2PZ 20/06/2025

Page 5

Little Oaks Pre-School STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 August 2024

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
9
Total
Net gains on investments
Net (expenditure)/income
10
Net (expenditure)/income
before other gains/(losses)
Transfer between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Transfer between funds (prior year)
Total funds brought forward (As Restated)
Net movement in funds
Total funds carried forward
Unrestricted
funds
2024
£
169,506
25,781
630
-
Restricted
funds
2024
£
3,250
-
-
-
Total funds
2024
£
172,756
25,781
630
-
Total funds
2023
£
167,492
13,902
1,058
4,731
195,917
76
6,650
201,515
3,250
-
-
3,814
199,167
76
6,650
205,329
187,183
875
5,937
194,488
208,241
-
3,814
-
212,055
-
201,300
-
(12,324) (564) (12,888) (14,117)
(12,324)
(496)
(564)
496
(12,888)
-
(14,117)
-
(12,820)
92,047
4,086
(68)
4,154
(4,086)
(12,888)
96,201
-
(14,117)
110,318
-
96,133
(12,820)
68
(68)
96,201
(12,888)
110,318
(14,117)
83,313 - 83,313 96,201

Page 6

Little Oaks Pre-School BALANCE SHEET

at 31 August 2024

Charity No. 1032642

Charity No. 1032642
Fixed assets
Tangible assets
12
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
Restricted income funds
14
Unrestricted funds
14
General funds
Reserves
14
Total funds
2024
£
7,564
7,564
77,900
77,900
(2,151)
75,749
83,313
83,814
83,313

-
-
83,313
83,313

83,313
2023
£
8,979
8,979
88,872
88,872
(1,650)
87,222
96,201
96,201
96,201
4,154
4,154
92,047
92,047
96,201

Approved by the trustees on 31 August 2024

And signed on their behalf by:

P.T. Smyth Trustee 20/06/2025

Page 7

Little Oaks Pre-School STATEMENT OF CASH FLOWS

for the year ended 31 August 2024

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase/(Decrease) in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchases of property, plant and equipment
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances
2024
£
(12,888)
1,624
-
501
(10,763)
(209)
-
(209)
-
(10,972)
88,872
77,900
77,900
77,900
2023
£
(14,117)
1,859
(4,731)
150
(16,839)
(3,557)
4,731
1,174
-
(15,665)
104,537
88,872
88,872
88,872

Page 8

Little Oaks Pre-School NOTES TO THE ACCOUNTS

for the year ended 31 August 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Little Oaks Pre-School NOTES TO THE ACCOUNTS

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures & Fittings 20% Straight Line Computer Equipment 33.33% Straight Line

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the Statement of Financial Activities. No depreciation is provided in respect of investment properties.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 10

Little Oaks Pre-School NOTES TO THE ACCOUNTS

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Page 11

Little Oaks Pre-School NOTES TO THE ACCOUNTS

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

2 Statement of Financial Activities - prior year (As restated)

2
Statement of Financial Activities - prior year (As restated)

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Transfer between funds
Net income
Net income before other
gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
funds

2023
£
163,338
13,902
1,058
4,731
183,029
875
5,937
189,728
196,540
(674)
(14,185)
(14,185)
(14,185)
110,318
96,133
Restricted
funds
2023
£
4,154
-
-
-
4,154
-
-
4,760
4,760
674
68
68
68
-
68
Total funds
2022
£
167,492
13,902
1,058
4,731
187,183
875
5,937
194,488
201,300
-
(14,117)
(14,117)
(14,117)
110,318
96,201

Page 12

Little Oaks Pre-School NOTES TO THE ACCOUNTS

3 Income from donations and legacies

3 Income from donations and legacies
Donations and gifts from
individuals
Donations and gifts from
Non-Charitable Organisations
Revenue grants from
government and public
bodies
Revenue grants for COVID-19
(JRS Grants)
4 Income from charitable activities
PP - Fees received from Parents
PP - Fees received for student
activities
AT - Milk Sales
AT - School Uniform Sales
5 Income from other trading activities
Income from fundraising
events
6 Other income
Unrestricted
£
1,113
-
168,393
-
169,506
Restricted
£
-
-
3,250
-
3,250
Unrestricted
£
23,580
476
571
1,154
25,781
Unrestricted
£
630
630
Unrestricted
£
-
-
4,731
Total
2024
£
1,113
-
171,643
-
172,756
Total
2024
£
23,580
476
571
1,154
25,781
Total
2024
£
630
630
Total
2024
£
-
-
4,731
Total
2023
£
562
4,154
162,776
-
167,492
Total
2023
£
13,092
-
373
437
13,902
Total
2023
£
1,058
986
Total
2023
£
413
4,318
-

Page 13

Little Oaks Pre-School NOTES TO THE ACCOUNTS

7 Expenditure on raising funds
Costs of generating voluntary
income
Donations and gifts from
individuals
8 Expenditure on charitable activities
Expenditure on charitable
activities
PP - Fees received from
Parents
AT - Milk Sales
AT - School Uniform Sales
Student Activities, Trips &
Events
Governance costs
Annual General Meeting
Costs
9
Other expenditure
Other
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10Net (expenditure)/income before transfers
This is stated after charging:
Depreciation of owned fixed assets
2,780
428
1,717
1,725
-
6,650
Unrestricted
£
95
172,532
20,512
1,624
4,592
2,160
201,515
2024
£
1,624
Unrestricted
£
76

76
Unrestricted
£
2,780
728
1,717
1,725
-
6,650
Total
2024
£
95
175,198
20,512
1,624
6,216
2,160
205,329
Total
2024
£
76

76
Total
2024
£
Total
2023
£
875
875
4,271
-
303
846
517
Total
2023
£
5,937
Total
2023
£
181
165,573
17,137
1,859
7,569
2,169
194,488
2023
£
1,859

Page 14

Little Oaks Pre-School
NOTES TO THE ACCOUNTS
11 Staff costs
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess of £60,000.
165,189
3,858
2,552
171,599
158,548
3,158
2,305
164,011

12 Tangible fixed assets

Cost or revaluation
At 1 September 2023
Additions
At 31 August 2024
Depreciation and
impairment
At 1 September 2023
Depreciation charge
for the year
At 31 August 2024
Net book values
At 31 August 2024
At 31 August 2023
Fixtures &
Fittings
£
9,746
209
9,955
2,512
990
3,502
6,453
7,234
Computer
Equipment
£
7,001
-
7,001
5,256
634
5,890
1,111
1,745
Total

£
16,747
209
16,956
7,768
1,624
9,392
7,564
8,979
13Creditors:
amounts falling due within one year
Accruals and deferred income
Unpaid Pension liability
2024
£
1,650
501
2,151
2023
£
1,650
-
1,650

Page 15

Little Oaks Pre-School NOTES TO THE ACCOUNTS

14 Movement in funds

Movement in funds
Restricted funds:
Restricted income funds:
BUCKS CC - PiP Incentive
BUCKS CC - Inclusion Funding
Total
Unrestricted funds:
General funds
Total funds
At 1
September
2023
68

-
68
96,133

96,201
Incoming
resources
(including
other
gains/losses
)
£

1,000

2,250
3,250
195,917

187,183
Resources
expended
£
1,148

2,666
3,814
(208,241)

(201,300)
At 31
August
2024
£
(80)
(416)
(496)
83,809
83,313

Purposes and restrictions in relation to the funds: Restricted funds: BUCKS CC - PiP Incentive Funds earmarked to support disadvantaged children. BUCKS CC - Inclusion Funding Restricted to staffing costs and training to support children with additional needs

15 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Net current assets
Unrestricted
funds
£
7,564
83,313
90,877
Total
£
7,564
83,313
90,877

Page 16

Little Oaks Pre-School NOTES TO THE ACCOUNTS

16 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2024
Land and
buildings
Operating leases with expiry date:
Pension commitments
The pension cost charge to the charity
£
amounted to:
2024
2023
Other
Land and
buildings
£
£
2024
£
2,552
2023
Other
£
2023
£
2,305

Page 17

Little Oaks Pre-School DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 August 2024

Income and endowments from:
Donations and legacies
Donations and gifts from
individuals
Donations and gifts from
Non-Charitable Organisations
Revenue grants from government
and public bodies
Revenue grants for COVID-19 (JRS
Grants)
Charitable activities
PP - Fees received from Parents
AT - Milk Sales
AT - School Uniform Sales
Other trading activities
Income from fundraising events
Other
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Donations and gifts from
individuals
Total of expenditure on raising
funds
Charitable activities
PP - Fees received from Parents
AT - Milk Sales
AT - School Uniform Sales
Student Activities, Trips & Events
76
76
76
2,780
428
1,717
1,725
6,650
Unrestricted
funds
2024
£
1,113
-
168,393
-
169,506
24,056

571
1,154
25,781
630

630
-

-
-
195,917
Restricted
funds
Total funds
Total funds
2024
£
2024
£
2023
£
-
1,113
562
-
-
4,154
3,250
171,643
162,776
-
-
-
3,250
172,756
167,492
-
24,056
13,092
-
571
373
-
1,154
437
-
25,781
13,902
-
630
1,058
-
630
1,058
-
-
413
-
-
4,318
-
-
4,731
-
76
875
3,250
199,167
187,183
-
76
875
-
76
875
-
2,780
4,271
-
428
-
-
1,717
303
-
1,725
846
-
6,650
5,420

Governance costs

Page 18

Little Oaks Pre-School

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Annual General Meeting Costs
Total of expenditure on charitable
activities
Other expenditure
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff entertainment
Staff training
Staff welfare
Premises costs
Rent
Rates
Premises cleaning
Premises repairs and maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures & Fittings
Depreciation of Computer
Equipment
Equipment expensed
General insurances
Information and publications
Postage and couriers
Stationery and printing
Subscriptions
Telephone, fax and broadband
Legal and professional costs
Independent examination fees
Other legal and professional costs
Advertising
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
-
-
6,650
95

95
162,584

3,797
2,552
363
2,036
1,200
172,532
14,630

361
5,406
115
20,512
634
990
1,230
1,188
171
12
497
903
591
6,216
1,650
323
187
2,160
201,515
208,241
-
(12,324)
-
-
517
-
-
517
-
6,650
5,937
-
95
181
-
95
181
2,605
165,189
158,548
61
3,858
3,158
-
2,552
2,305
-
363
585
-
2,036
695
-
1,200
282
2,666
175,198
165,573
-
14,630
10,107
-
361
-
-
5,406
5,727
-
115
1,303
-
20,512
17,137
-
634
889
-
990
965
1,148
2,378
4,227
-
1,188
1,318
- 171
-
-
12
-
-
497
639
-
903
715
-
591
670
1,148
7,364
9,428
-
1,650
1,650
-
323
519
-
187
-
-
2,160
2,169
3,814
205,329
194,488
3,814
-
212,055
-
201,300
-
(564)
(12,888)
(14,117)

Page 19

Little Oaks Pre-School DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
(12,324)
-
(12,324)
(564)
(12,888)
(14,117)
-
-
-
(564)
(12,888)
(14,117)

Page 20

Signed By

Date Signed 2025-06-27 17:45:27 Email littleoakspreschool@yahoo.co.uk Printed Name Deborah Albrighton IP Address 2a00:23c8:e135:a601:297c:ec01:47a9:d2c3 Browser User Agent Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/137.0.0.0 Safari/537.36 Name of signatory Debbie Albrighton