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2023-08-31-accounts

Trustees' Annual Report for the period

Period start date Period end date 01 09 2022 31 08 2023

From

To

Section A Reference and administration details

Charity name Merry Go Round Preschool and Toddler Group (Stokenham) Other names charity is known by Registered charity number (if any) 1039722 Charity's principal address Stokenham Area Primary School, Stokenham Kingsbridge Postcode TQ7 2SJ

Names of the charity trustees who manage the charity

----- Start of picture text -----
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Hannah Watt Chair From October 2023
2 Hannah Pearse Treasurer
3 Beth Compton Secretary From October 2023
4 Helena Osborne
5 Rhona Jardine
6 Jo Waldock
7 Roxy Raymond
8
9
10
11
12
13
14
15
16
17
18
19
20
----- End of picture text -----

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

1

Names and addresses of advisers (Optional information) Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution Adopted March 2012

By PLA 2011 constitution How the charity is constituted

(eg. trust, association, company) Election/re-election by committee members at the AGM Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

All committee members are Ofsted DBS checked

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The main aim of the charity is to care for children under statutory school age with a focus on having fun, learning through play, and developing positive wellbeing.

March 2012

TAR

2

The running of a preschool and toddler group and to provide first rate preschool care for children.

The charity operates within the following agreed aims and ethos:

Provide a nurturing, child-led, supportive environment - focus on the emotional wellbeing of the children to maximise their development Celebrate individuality - engage every child in ways that are appropriate and meaningful to them Summary of the main activities undertaken for the Encourage play-based learning - support healthy brain development, public benefit in relation to curiosity, exploration and confidence these objects (include within this section the statutory Foster a family-like atmosphere - encourage relationships, kindness, declaration that trustees have empathy and compassion had regard to the guidance issued by the Charity Provide regular opportunities for learning in the outdoors - weekly Commission on public forest school sessions, beach trips and outings, as well as daily use of benefit) the preschool’s natural outdoor space

Encourage involvement in the wider local community - visit other groups within the community, regular fundraisers, organised beach cleans an other community events.

In agreeing the above objectives the charity trustees gave careful consideration to the Charity Commission’s public benefit guidance. The preschool is registered with the local LEA and receives funding for applicable children.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

March 2012

TAR

3

Section D Achievements and performance Merry Go Round preschool had a good year in 2022-2023. The number Summary of the main of children attending the setting increased with an influx of families to the achievements of the charity area following the COVID-19 pandemic. Our strong ethos and the style of during the year the setting has meant that the preschool has been a popular choice for new parents, with many placing their children on a waiting list for future spaces at the setting. Our fundraising activities included a very successful Bingo fundraiser where funds were raised for a new summer house and shed. The summerhouse is particularly useful as a learning space in which the ‘rising-5’s’ can start their preparation for transitioning to reception class in the local Primary School. Our forest school has continued to be very popular, and this fits in perfectly with our ethos of encouraging outdoor play. The same can be said for our wonderful garden.

Section E Financial review

Reserves are held to meet unplanned, short-term financial needs and as Brief statement of the an emergency redundancy fund. The trustees review this at regular charity’s policy on reserves intervals. The redundancy liability is recalculated on an annual basis. Details of any funds materially in deficit

Further financial review details (Optional information)

Section F Other optional information

March 2012

TAR

4

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

March 2012

TAR

5

Charity No
(if any)
1ST September 2022
To
31st August
2023
CC17a
MERRY GO ROUND PRE-SCHOOL AND TODDLER GR
Annual accounts for the period
Charity No
(if any)
1ST September 2022
To
31st August
2023
CC17a
MERRY GO ROUND PRE-SCHOOL AND TODDLER GR
Annual accounts for the period
Section A Statement of financial activities
Recommended
categories by activity
Details of own
analysis
Note
Incoming resources (Note 3)
Incoming resources from
generated funds
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
Incoming resources from
charitable activities
S04
Other incoming resources
S05
S06
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
Charitable activities
S10
Governance costs
S11
Other resources expended
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Total resources expended
Total incoming resources
Total funds carried forward
Total funds brought forward
Net movement in funds
Net incoming/(outgoing) resources before
transfers
Gains and losses on investment assets
Gains and losses on revaluation of fixed assets
for the charity’s own use
Other recognised gains/(losses)
Net incoming/(outgoing) resources before
other recognised gains/(losses)
Gross transfers between funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
S01
S02
S03
S04
S05
74,485
-
-
74,485
63,309
14,879
-
-
14,879
21,119
-
-
-
-
-
122
-
-
122
4
-
-
-
-
-
-
-
-
-
-
89,486
-
-
89,486
84,432
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
68,522
-
-
68,522
66,025
-
-
-
-
-
-
-
-
-
-
68,522
-
-
68,522
66,025
20,964
-
-
20,964
18,407
-
-
-
-
-
20,964
-
-
20,964
18,407
-
-
-
-
-
-
-
-
-
-
20,964
-
-
20,964
18,407
50,383
-
-
50,383
31,976
71,347
-
-
71,347
50,383

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1

Section B Balance sheet

Fixed assets
Tangible assets (Note 9)
Investments (Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors (Note 11)
(Short term) investments
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year (Note 12)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 12)
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds (Note 13)
Endowment funds(Note 13)
Total funds
Signed by one or two trustees on behalf of all
the trustees
Note
B01
B02
B03
B04
B05
B06
B07
B08
B09

B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
Unrestricted
funds
£
F01
-
-
-

Restricted
income
funds
£
F02
-
-
-
Endowment
funds
£
F03
-
-
-

Total this
year
Total last
year
£
£
F04
F05
-
-
-
-
-
-
- - - -
-
-
2,372
-
71,918
-
-
-
-
-
-
-
-
-
-
2,372
1,290
-
-
71,918
51,662
74,290 - - 74,290
52,952
2,943
2,569
2,943 - -
71,347 - - 71,347
50,383
71,347 - - 71,347
50,383
-
-
-
-
-
-
-
-
-
-
71,347 - - 71,347
50,383
-
-
- - -
-
-
-
-
-
-
-
- - - -
-
Signature Date of
approval
Print Name

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

[** except for the following].

Give details in this box if a different standard has been followed.

 if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

Give details in this box of any material changes that have been made.

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years (§§ except for the following).

Give details in this box of any material changes that have been made.

§§ if no changes have been made to accounts for previous periods then delete these words.

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Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources  the charity becomes entitled to the resources;
 the trustees are virtually certain they will receive the resources; and
 the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._
The value placed on these resources is the estimated value to the charity of the service or
facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service
conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the
grant has provided the specified service or output.
Grants payable without These are only recognised in the accounts when a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use
These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

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Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Donations and gifts
Grants provided by government
Council grant
Total
Fees paid by parents
Fund raising
Snack donations
Total
Bank interest
Total
Total
Activities for generating funds
Investment income
Incoming resources from
charitable activities
Analysis
Voluntary income
This year
Last year
£
£
45 145
74,440 62,650
-
-
- 513
-
-
74,485 63,308
12,452 18,263
2,285 2,521
142 335
-
-
-
-
14,879 21,119
122 4
-
-
-
-
-
-
-
-
122 4
-
-
-
-
-
-
-
-
-
-
-
-

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Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.

Governance costs
Charitable activities
Fundraising trading
costs
Investment
management costs
Costs of generating
voluntary income
Repairs and maintenance
Insurance
Print,postages and stationery
Advertising
Telephone
Accountancy
Payroll Processing
Subscriptions
Direct costs
Training
Cleaning
Computer costs
Legal and consultancy
Total
Total
Staff costs
Premises costs
Bank charges
Sundry costs
Total
Total
Analysis
This year
Last year
£
£
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
53,244 51,242
4,423 3,485
2,938 2,696
1,998 1,650
413 323
30 91
581 601
918 1,392
545 594
451 334
72 90
416 1,010
1,608 1,553
160 400
81 257
- 308
644
- -
68,522 66,025
- -
- -
- -
- -

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Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

----- Start of picture text -----
Fundraising activity Charitable Activity Governance Activity Total Cost
Support cost type £ £ £ £
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -
----- End of picture text -----

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Total amount paid
Number of trustees who were paid expenses
Nature of the expenses
This year
Last year
£
£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Independent examiner’s or auditors' fees for reporting on the
accounts
Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
This year
Last year
£
£
918
1392

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Section C Notes to the accounts (cont)

Note 7 Paid employees Please complete this note if the charity has any employees.

7.1 Staff Costs

Fundraising
Charitable Activities
Governance
Other
Total
Gross wages, salaries and benefits in kind
The parts of the charity in which the
employees work
7.2 Average number of full-time equivalent employees in the year
Employer’s National Insurance costs
Pension costs
Total staff costs
This year
Last year
£
£
52,469 50,448
- -
775 794
53,244 51,242
This year
Last year
Number
Number
- -
5 5
- -
- -
5 5

7.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of the scheme

The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end

----- Start of picture text -----
This year Last year
£ £
775 794
----- End of picture text -----

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Section C Notes to the accounts (cont)

Note 8 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

8.1 Total value of grants

----- Start of picture text -----
Grants to Grants to
institutions individuals
Purpose for which grants made Total amount £ Total amount £
- -
- -
- -
- [ - ]
- [ - ]
- [ - ]
Total - -
----- End of picture text -----

8.1 Grantmaking costs

If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.

Support costs of grantmaking

£

8.3 Grants made to institutions

If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.

institutions supported.
Names of institutions
Purpose
Total grants to institutions
Total amount of
grants paid £
-
-
-
-
-
-
-
-
-
-
-

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Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Freehold land Freehold land Other land & Plant, Plant, Fixtures, Payments on Payments on Total
& buildings buildings machinery fittings and account and
and motor equipment assets under
vehicles construction
£ £ £ £ £ £
Balance brought - - - 7,569 - 7,569
forward
Additions - - - - - -
Revaluations - - - - - -
Disposals - - - - - -
Transfers * - - - - - -
Balance carried - - - 7,569 - 7,569
forward
9.2 Accumulated depreciation and impairment provisions
**Basis SL or RB SL or RB SL or RB SL or RB SL or RB
** Rate 20 - 33%
Balance brought - - - 7,569 - 7,569
forward
Depreciation charge - - - - - -
for year
Impairment provisions - - - - - -
Revaluations - - - - - -
Disposals - - - - - -
Transfers* - - - - - -
Balance carried - - - 7,569 - 7,569
forward
9.3 Net book value
Brought forward - - - - - -
Carried forward - - - - - -

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts (cont)

Note 10 Investment assets

Please complete this note if the charity has any investment assets.

10.1 Fixed assets investments

Carrying (market) value at end of year
Add:additions to investments at cost
Less:disposals at carrying value
Add/(deduct):net gain/(loss) on revaluation
Carrying (market) value at beginning of year
£
-
-
-
-
-

Please provide below:

10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.

10.3 A breakdown of the income from investments agreeing with SOFA row S03.

Other investments
Total
Investment properties
Securities not listed on a recognised Stock Exchange
Cash held as part of the investment portfolio
Investments listed on a recognised stock exchange or held in common
investment funds, open ended investment companies, unit trusts or other
collective investment schemes
Investments in subsidiary or connected undertakings and companies
Analysis of investments
10.2
10.3
Market value at
year end
Income from
investments for
the year
£
£
- -
- -
- -
- -
- -
- -
- -

10.4 Material investment holdings

If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.

Investment held

Market Value

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Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Amounts due from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income
Total
This year
Last year
This year
Last year
£
£
£
£
512.0 229.0 - -
- - - -
876.0 77.0 - -
984.0 984.0 - -
Amounts falling due
within one year
Amounts falling due after
more than one year
2,372.0
1,290.0
- -

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts
Trade creditors
Amounts due to subsidiary and associated
undertakings
Other creditors
Accruals and deferred income
Total
This year
Last year
This year
Last year
£
£
£
£
- - - -
297 347 - -
- - - -
746 322 - -
1,900 1,900 - -
Amounts falling due
within one year
Amounts falling due after
more than one year
2,943
2,569
- -

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

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Section C Notes to the accounts (cont)

Note 13 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

13.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

Type PE, EE Fund Name Purpose and Restrictions or R

13.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

Fund Fund
balances balances
brought Incoming Outgoing Gains and carried
forward resources resources Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total Funds - - - - - -

13.3 Transfers between funds

Please give details of any transfers between funds.

From Fund (Name) To Fund (Name) Reason Amount

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Section C Notes to the accounts (cont)

Note 14 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.

14.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.

----- Start of picture text -----
Amounts paid or benefit value
Legal authority (eg order,
Name of trustee or connected party
governing document) This year Last year
£ £
----- End of picture text -----

14.2 Loans

Please give details of and amounts owing to or from the charity’s trustees or other related parties by the charity at the year end.

Due to trustees and
related parties
Due from trustees
and related parties
Name of trustee or
connected party
Legal authority
This year
Last year
£
£
Amount owing

14.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.

Name of the trustee Relationship to Description of the This year Last year
or related party charity transaction(s) £ £

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Section C Notes to the accounts (cont)

Note 15 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Se¢tlon A Independent Examlnerfs Report Report to the trustees MERRY GO ROUND PRE-SCHOOLAND TODDLERS GROUP (STOKENHAM) On accounts forthe year ended 31ST AUGUST 2023 Charity no lif any) 1039722 Set out on pages 1T015 I report lo the trustees on my examination of the accounts of the above charity (Ihe Trust-) for the year ended Responsibilities and basis of report As the charity's tTUStees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Xhe Act"). I report in respect of my examination of the Trust'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 14515llb} of the Act. Independent trhe charity's gross income exceeded £250.000 and l am qualified to examinerfs statement undertake the examination by being a qualified member of linsert name of applicable listed bodyll. Delete { l rfnot applicable. I have completed my examination. I confimi that no material matters have come to my attention in connection wth the examination (other than that disclosed below "} which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in Ihe Charities (Accounts and Reports} Regulations 2008 other Ihan any requirement that Ihe accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination. 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 underslanding of the accounts to be reached. . Please delete the ts rfthey do not apply. Signed: Date: 11TH JUNE 2024 Name: STEPHEN VINCENT FCPA IER Oct 2018

Relevant professlonal quallflcatlon{s) or body (If any): CERTIFIED PUBLIC ACCOUNTANT Addresg: ViNCEKr & co 37 SHIPHAY LANE TORQUAY TQ2 70U Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, IrKlependent examination of charty accounts: direclions and guidan￿ for examiners). Glve hero brfef detai13 of any Items that the examiner wlshes to dlsclose. IER Oct 2018

Oct 2018