OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Company registration number: 3121769 Charity registration number: 1051093

Auden Place Community Nursery

(A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 March 2023

Brooks Green Registered Auditors Chartered Accountants & Registered Auditors Abbey House 342 Regents Park Road London N3 2LJ

Auden Place Community Nursery

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 16
Independent Examiner's Report 20

Auden Place Community Nursery

Reference and Administrative Details

Secretary L Whitestone Principal Office 1 Auden Place Manley Street London NW1 8LT Registered Office 1 Auden Place Manley Street London NW1 8LT Company Registration Number 3121769 Charity Registration Number 1051093

Auditor Brooks Green Registered Auditors Chartered Accountants & Registered Auditors Abbey House 342 Regents Park Road London N3 2LJ

Page 1

Auden Place Community Nursery

Trustees' Report

Trustees

E M Ettinger (resigned 30 June 2022)

Small companies provision statement

This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is constituted as a charitable company limited by guarantee and is therefore governed by a Memorandum and Articles of Association, dated 3 November 1995, and registered with the Charity Commissioners.

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Recruitment and appointment of new trustees

The overall management and control of Auden Place Community Nursery lies with the Board of Directors (Management Committee). As well as being responsible for the management of the nursery, the committee members are also the charity trustees of the nursery. The number of Directors shall never be less than two and, until otherwise determined by a General Meeting, shall not be more than 14. Full membership of the Company is open to Family members, Staff members and Affiliate members, with not less than 60% of Management Committee membership being Family members.

On the 31st of March 2023 the Board of Directors was comprised primarily of parent trustees.

The Management Committee meets bi-monthly, with the Secretary also sitting on the Committee. All members of the Management Committee give their time voluntarily and receive no benefits from the charity.

There are currently 3 Directors.

All trustees are provided with a Trustees Handbook upon commencement of their duties.

Page 2

Auden Place Community Nursery

Trustees' Report

Subgroups

The subgroups cover all aspects of the Management Committee's responsibilities - Finance, Building, Emergencies, Health & Safety, Curriculum, Marketing & Fundraising, Parent Partnership, Staffing & Safeguarding and Tenant’s Association

We are fortunate at Auden Place to have a varied and skilled committed group of local parents who volunteer their time to be part of our Management Committee (MC). The Subgroups allow us to align a parent's skills with the most appropriate group, so that their knowledge and experience is best channelled for the nursery - as a result someone with a background in marketing or running their own business might be involved in the Marketing subgroup, or a local accountant will be supporting the Finance subgroup.

Typically, each subgroup will have more than one member so that if one member is absent from a meeting, there will still be a representative present. Each subgroup has a section on the meeting agenda. Committee members may sit on more than one subgroup at any one time.

Organisational structure

The nursery is organised so that the Directors meet regularly to manage its affairs. There is one full-time Manager, Nicola Aherne, who manages both the day-to-day administration of the nursery and organises events such as fundraising initiatives, and two Deputy Managers, Charly Read and Diana Mendonca, who support the Manager and are responsible for Curriculum and Operations respectively. The Manager Nicola Aherne was appointed after the previous Manager Shiree Wheeler left in September 2021. Nicola has been part of Auden Nursery since 2009. She has held several positions within the nursery including SENCO lead and Deputy Manager. Rachel Williams has now taken over the SENCO role. In addition, the nursery has 20 permanent staff of which 3 are apprentices and 3 are lunch time assistants. Auden place has a full time cook and full-time kitchen assistant. A pool of 10 regular bank staff is called on an as and when needed basis, providing continuity for both children and the daily routine. Day to day bookkeeping is outsourced which is closely monitored by the Finance Committee. Payroll has been outsourced for several years to Continuum Ltd who also look after the workplace pension for staff.

Risk Management

The Board of Trustees has conducted a review of the major risks to which the nursery is exposed. 'Risks and Concerns' is a standing agenda item in bi-monthly Management Committee meetings. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. The trustees consider the key risks to be financial stability, staffing (including staff turnover), and child welfare.

As part of our risk management plan, the following key activities were undertaken in the year:

Page 3

Auden Place Community Nursery

Trustees' Report

OBJECTIVES AND ACTIVITIES

Auden Place Community Nursery's mission is to provide a safe, healthy, fun, stimulating, learning and socially diverse environment for children, offering affordable, high-quality childcare for Camden families. The Trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.

Our major objectives are to have a quality team of staff engaged in continuous professional training and providing child-centred learning support; to provide a pleasant physical environment for children and staff; to secure funding support for subsidised nursery places for lower-income families; and to ensure high-quality management of the nursery by the Management Committee and nursery staff.

ACHIEVEMENT AND PERFORMANCE

We currently cater for, on average, 54 children per month with approximately 46% of these attending on a full-time basis. We were able to maintain social diversity with approximately 13% of children in subsidised places and a further 13% being fully funded.

We continue to offer the Government funded ‘free’ 15 hours childcare to all 3 & 4 year-olds, with 5 of those eligible for the enhanced 30 free hours. The wide range of ages in each room and the transition between them represents a challenge, however the staff are well trained to ensure that all children receive appropriate levels of care. Staff training is a continuous process, and we encourage and support continuous professional development within the nursery setting. In addition, hosting childcare students from several training providers, training them to our high standards with the hope they will join our staff team as either qualified staff or apprentices on their next level of qualification.

Rating and Awards

The nursery received a “Good” grade from Ofsted in May 2023. The nursery has continued to manage high occupancy levels with a long waiting list.

In November 2020, the nursery was awarded the highest level (Platinum) of the National Day Nurseries Association’s ‘Quality Counts’ award, a national quality scheme designed to help a nursey explore all aspects of its care and education to ensure that it is delivering the best possible service for young children.

Charitable activities

Fundraising activities this year included Bunny Hop, Summer Fete and Christmas Bags. With help from parents and staff, we were able to raise £2458 from these activities. The proceeds were spent on various resources within the nursery including two new iPads.

FINANCIAL REVIEW

The statement of Financial Activities shows a net income on incoming resources for the year of £16,468 (2022 – loss £108,172). This is in line with the nursery’s aim to break even. The financial position has improved considerably, and numbers have increased with profitability resuming. Building and repairs costs are ongoing.

Salaries and related costs, which represent the biggest share of the running costs of a nursery, were £505,774 or 68% of the nursery’s income generated by nursery fees (2022 – 78%).

Page 4

Auden Place Community Nursery

Trustees' Report

A key area of concern for the Management Committee remains staffing, both turnover and costs, as well as generating sufficient fee revenues to support our objectives without compromising our ability to offer this affordably.

To account for the above, the Management Committee continue to engage in the following activities:

Annual review of nursery fees to ensure that the nursery generates adequate income to cover expenses and remains competitive within the industry for both fees and staff salaries in a challenging environment. The annual fee increases which had been proposed for April 2021 was postponed due to Covid-19. An increase of 8% was implemented in September 2022. This increase only applied for Band 1 income families, with Band 2 and Band 3 fees overall remaining unchanged. Keeping within the ethos of our community nursery.

After previous year losses, all of the Trustees took the decision to actively look for and recruit an external CEO, Janet Jobson. The combination of Janet’s many years of experience in running businesses and working within her family business complements how the nursery is run and in turn her input has helped the nursery become more financially structured and return it to a net income position. This has also assisted the Management Committee as Janet brings continuity between old and new members. Amongst tasks undertaken, Janet assists with overseeing policy and governance, expense cutting exercises, some administration and planning and to help ensure the ongoing financial stability of the nursery.

Bi-monthly monitoring and monthly reporting of profit/loss by the Finance subgroup of the Management Committee.

The Marketing and Fundraising subgroup meet as and when required to agree strategy, researching and applying for available and suitable grants and the possibility of sponsorships, as well as internal fundraising activities. The continued use of a formal Conflict of Interest Policy and Register, to further enhance the Safeguarding of the nursery.

Developing a partnership with our local VCS to support with finding and applying for grants relevant to our services

A continuing priority for the Management Committee is to actively work to ensure that we maintain diversity at Auden Place Community Nursery. To this end, we will continue to benchmark fees to ensure that the nursery remains cheaper than private nurseries and continue to offer subsidised childcare places to low-income families and also provide the free 15 or 30 hours to all 3 & 4 year olds and those 2 year olds who are eligible, whilst maintaining reserves to support the nursery in the event of further future unforeseen events.

The annual report was approved by the trustees of the charity on 17 November 2023 and signed on its behalf by:

......................................... L Whitestone Company Secretary and Trustee

Page 5

Auden Place Community Nursery

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
Grants, including capital grants
Charitable activities
3
Other trading activities
4
Investment income
5
Total Income
Expenditure on:
Raising funds
Charitable activities
6
Total Expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
14		 Unrestricted
funds
£
2,458
-
731,843
2,970
1,228
738,499
(2,040)
(719,991)
(722,031)
16,468
16,468
235,863
252,331		 Restricted
funds
£
-
1,087
-
-
-
1,087
-
(999)
(999)
88
88
-
88		 Total
2023
£
2,458
1,087
731,843
2,970
1,228
739,586
(2,040)
(720,990)
(723,030)
16,556
16,556
235,863
252,419		 Total
2022
£
1,846
663
748,607
-
24
751,140
(1,029)
(858,283)
(859,312)
(108,172)
(108,172)
344,036
235,864

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 14.

Page 6

Auden Place Community Nursery

(Registration number: 3121769) Balance Sheet as at 31 March 2023

Note
Current assets
Debtors
11
Cash at bank and in hand
12
Creditors: Amounts falling due within one year
13
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
14
Unrestricted income funds
Unrestricted funds
Total funds
14		 2023
£
3,434
300,655
304,089
(51,670)
252,419
88
252,331
252,419		 2022
£
8,621
285,935
294,556
(58,692)
235,864
-
235,864
235,864

For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on 17 November 2023

......................................... L Whitestone

Company Secretary and Trustee

Page 7

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

1 Charity status

The charity is limited by share capital, incorporated in England.

The address of its registered office is: 1 Auden Place Manley Street London NW1 8LT The principal place of business is: 1 Auden Place Manley Street London NW1 8LT

These financial statements were authorised for issue by the trustees on 17 November 2023.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Auden Place Community Nursery meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Page 8

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Page 9

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Depreciation and amortisation

Fixed assets are depreciated over their economic useful lives at the following rates:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Interest receivable is shown under investment income in the Statement of Financial Activities.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Page 10

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

3 Income from charitable activities

Nursery
4
Income from other trading activities
Other income from other trading activities
5
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
731,843
Unrestricted
funds
General
£
1,228		 Total
2023
£
731,843
Unrestricted
funds
General
£
2,970
2,970
Total
2023
£
1,228		 Total
2022
£
748,607
Total
2023
£
2,970
2,970
Total
2022
£
24

Page 11

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

6 Expenditure on charitable activities

Note
Nursery
Staff costs
8
Governance costs
7		 Unrestricted
funds
General
£
166,126
505,774
48,091
719,991		 Restricted
funds
£
999
-
-
999		 Total
2023
£
167,125
505,774
48,091
720,990		 Total
2022
£
231,553
582,056
44,674
858,283

Page 12

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

7 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Other accounting costs
Telephone and fax
Stationery and office equipment
Bank charges
Professional fees
Allocated support costs		 Unrestricted
funds
General
£
3,300
15,590
1,693
13,599
80
7,179
6,650
48,091		 Total
2023
£
3,300
15,590
1,693
13,599
80
7,179
6,650
48,091		 Total
2022
£
3,300
13,185
1,590
15,272
102
4,446
6,779
44,674

Page 13

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

8 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Other staff costs		 2023
£
501,570
4,204
505,774		 2022
£
577,843
4,213
582,056

No employee received emoluments of more than £60,000 during the year.

9 Independent examiner's remuneration

Examination of the financial statements 2023
£
3,300		 2022
£
3,300

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Debtors

Trade debtors
12 Cash and cash equivalents
Cash at bank
13 Creditors: amounts falling due within one year
Trade creditors
Accruals		 2023
£
3,434
2023
£
300,655
2023
£
42,052
9,618
51,670		 2022
£
8,621
2022
£
285,935
2022
£
56,937
1,755
58,692

Page 14

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

14 Funds
Unrestricted funds
General
Unrestricted fund
Restricted funds
Milk fund
Total funds		 Balance at 1
April 2022
£
235,864
-
235,864		 Incoming
resources
£
738,499
1,087
739,586		 Resources
expended
£
(722,032)
(999)
(723,031)		 Balance at 31
March 2023
£
252,331
88
252,419

Page 15

Auden Place Community Nursery

Notes to the Financial Statements for the Year Ended 31 March 2023

Unrestricted funds
General
Unrestricted fund
Restricted funds
Milk fund
Total funds		 Balance at 1
April 2021
£
344,036
-
344,036		 Incoming
resources
£
750,477
663
751,140		 Resources
expended
£
(858,649)
(663)
(859,312)		 Balance at 31
March 2022
£
235,864
-
235,864

Page 16

Auden Place Community Nursery

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Donations and legacies
Appeals and donations
Milk grant received
Charitable activities
Fees and supplies
Other trading activities
Grants - other agencies		 Unrestricted
funds
General
£
2,458
-
2,458		 Restricted
funds
£
Total
£
-
2,458
1,087
1,087
1,087
3,545
Unrestricted
funds
General
£
Total
£
731,843
731,843
731,843
731,843
2023
Unrestricted
funds
General
£
Total
£
2,970
2,970
2,970
2,970		 Total
2022
£
1,846
663
2,509
Total
2022
£
748,607
748,607
Total
2022
£
-
Unrestricted
funds
General
£
2,970
2,970
-

Page 17

Auden Place Community Nursery

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Investment income
Interest on cash deposits
Raising funds
Fundraising costs		 2023
Unrestricted
funds
General
£
1,228
1,228
2023
Unrestricted
funds
General
£
(2,040)
(2,040)		 2023
Total
£
1,228
1,228
2023
Total
£
(2,040)
(2,040)		 Total
2022
£
24
24
Total
2022
£
(1,029)
(1,029)

Page 18

Auden Place Community Nursery

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Charitable activities
Wages and salaries
Staff pensions (Defined contribution)
Rent and rates
Light, heat and power
Insurance
Repairs and maintenance
Milk- Camden
Nursery equipment and provisions
Sundry expenses
Cleaning
Staff training
Telephone and fax
Stationery and office equipment
Accountancy fees
Management fees
Bank charges
Computer software and maintenance
Professional fees		 Unrestricted
funds
General
£
(496,360)
(5,210)
(24,967)
(6,719)
(2,873)
(25,977)
-
(70,939)
(7,879)
(26,772)
(4,204)
(1,693)
(13,599)
(3,300)
(15,590)
(80)
(6,650)
(7,179)
(719,991)		 Restricted
funds
£
-
-
-
-
-
-
(999)
-
-
-
-
-
-
-
-
-
-
-
(999)		 Total
£
(496,360)
(5,210)
(24,967)
(6,719)
(2,873)
(25,977)
(999)
(70,939)
(7,879)
(26,772)
(4,204)
(1,693)
(13,599)
(3,300)
(15,590)
(80)
(6,650)
(7,179)
(720,990)		 Total
2022
£
(570,975)
(6,868)
(36,871)
(4,728)
(2,740)
(44,588)
(663)
(91,864)
(19,791)
(30,308)
(4,213)
(1,590)
(15,272)
(3,300)
(13,185)
(102)
(6,779)
(4,446)
(858,283)

Page 19

Auden Place Community Nursery

Independent Examiner's Report to the trustees of Auden Place Community Nursery

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023 which are set out on pages 6 to 16.

Respective responsibilities of trustees and examiner

As the charity’s trustees of Auden Place Community Nursery (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of Auden Place Community Nursery 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 accounts 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

Since Auden Place Community Nursery's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Brooks Green, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Auden Place Community Nursery as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts 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 accounts to be reached.

...................................... Rowland Aarons Brooks Green Chartered Accountants & Registered Auditors Abbey House 342 Regents Park Road London N3 2LJ

21 November 2023

Page 20