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2021-05-31-accounts

REGISTERED CHARITY NUMBER: 1063762

Trustees' Report and Unaudited Financial Statements for the Year Ended 31 May 2021

for Harvesters Football Club

Davis Grant Limited Chartered Certified Accountants Treviot House 186-192 High Road Ilford Essex IG1 1LR

Harvesters Football Club

Contents of the Financial Statements for the Year Ended 31 May 2021

Page
Trustees' Report 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
7
13
5
6
to
to
12
14

Harvesters Football Club

Trustees' Report for the Year Ended 31 May 2021

The trustees present their report with the financial statements of the charity for the year ended 31st May 2021. The trustees have adopted the provisions of 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 2019).

This year the club has been significantly affected by the problems resulting from the Covid 19 pandemic. The Trustees recognise that by far the biggest impact of this was on our members, the children, who lost a number of months of football training and matches due to national lockdowns. We were delighted that once football restarted in March, we were able to have an uninterrupted run into the end of the season.

From a financial perspective it was important for the club to be able to retain membership subscriptions for the full season as a large proportion of our cost base is fixed cost, including the purchase of kit for all members and ground maintenance costs. This was successfully achieved and whilst cost savings were made in terms of administration and coaching costs while the club was closed, the Trustees took the decision to continue with paid coaching for the children from the end of April through to end of July in order to continue the children's football development and make up for lost time during the season. This was well received by our members and parents.

The club also took the opportunity to relay the All-Weather Pitch whilst the Smallford site was closed during the lockdown period. The new pitch looks excellent, we have received great feedback from coaches and players, and the surface has become popular for private hire, generating more revenue for the club.

The financial results for the club are strong despite the impacts of Covid. Following losses made in recent years, a sustained effort was made by the club and a number of grants and charitable donations were received during the year. As a result, the club has recorded a significant profit in the year, enabling us to go ahead with resurfacing the All-Weather Pitch and retain sufficient reserves to ensure the future strength of the club. This was despite the loss of revenue streams such as the end of season finals days, presentation days and tournament hosting.

The club continues to thrive with over 500 players, including boys and girls, and forms a vital community asset on the east side of St Albans. Parents continue to provide a key element of support to the club ranging from managing teams, undertaking administration roles and sitting on the Trustee committee. Sandridge council are fully appreciative of the efforts of the club and are very supportive of the club.

The trustees would like to thank all of those involved in the running of the Harvesters for giving their time and commitment to what is a major community asset.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects ("the objects") shall be to provide facilities, promote the game of Association Football, to arrange matches and social activities for its members, and community participation in the same.

The club is determined to provide football development for all. We believe we play a key role in the local community and providing excellent coaching and the opportunity to play competitive matches irrespective of gender, ability or background is vitally important to meet our social responsibilities and to the future growth and success of the club.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Over the past year the charity ran a number of activities involving the diverse members of the local community in physical and social activities, these will continue as part of business as usual. Soccer schools were run during holiday periods attracting attendance from local youngsters who had the opportunity to improve their football skills by working with the club's qualified coaching team.

Page 1

Harvesters Football Club

Trustees' Report for the Year Ended 31 May 2021

FINANCIAL REVIEW

Reserves policy

Following the excellent running of Harvesters Football Club by previous generations of Trustees and management, we are in the position to have our own dedicated ground at Smallford. The club manages it's reserves to ensure assets associated with maintaining the site can be replaced when they fall due. This has been demonstrated this year with the replacement of the All-Weather Pitch surface from the club's reserves.

The club will continue to be managed to ensure cash is retained in line with the depreciation charge in the accounts to continue to maintain reserves. The Trustees are also committed to ensure cash reserves never drop below one quarter of annual costs.

Following a number of years of recording a financial loss, the club has returned a significant profit in the year resulting in the club being in strong financial position despite the expenditure on the All-Weather Pitch. Some of this excess profit has been reinvested in the children with paid coaching being undertaken from April to August, after the normal season ends, falling into the next financial year.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The trust is a registered charity, number 1063762, and is constituted under a constitution adopted on 22nd June 1997, updated in February 2015.

Organisational structure

The number of trustees shall be not less than two but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum provided always Harvesters Football Club (or any successor body) shall be entitled to nominate the number of people specified opposite its name to be trustees. One of the trustees resigned at the end of the year but was replaced by a new trustee. Page 1 Harvesters Football Club Trustees' Report for the Year Ended 31st May 2020

Induction and training of new trustees

The trustee responsible for compliance briefs new trustees on their legal obligations under charity and company law; the content of the Memorandum and Articles of Association; the decision making processes; the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1063762

Principal address

c/o J. Holmes, Treasurer 13 Oakhill Drive Welwyn Hertfordshire AL6 9NW

Trustees

S Wigley (resigned 9/3/2021) M Kelly (appointed 1/6/2020) A L Hunt (appointed 31/1/2021) A D Parker (appointed 31/1/2021)

Page 2

Harvesters Football Club

Trustees' Report for the Year Ended 31 May 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Davis Grant Limited Chartered Certified Accountants Treviot House 186-192 High Road Ilford Essex IG1 1LR

Approved by order of the board of trustees on 29 November 2021 and signed on its behalf by:

A L Hunt - Trustee

Page 3

Independent Examiner's Report to the Trustees of Harvesters Football Club

Independent examiner's report to the trustees of Harvesters Football Club

I report to the charity trustees on my examination of the accounts of Harvesters Football Club (the Trust) for the year ended 31 May 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

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

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.

I have completed my examination. I 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:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Jay Gandesha FCCA ACCA Davis Grant Limited Chartered Certified Accountants Treviot House 186-192 High Road Ilford Essex IG1 1LR

29 November 2021

Page 4

Harvesters Football Club

Statement of Financial Activities for the Year Ended 31 May 2021

2021
Unrestricted
Restricted
Total
funds
fund
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
219,690
34,411
254,101
Other trading activities
2
17,312
-
17,312
Investment income
3
19
-
19
Total
237,021
34,411
271,432
EXPENDITURE ON
Raising funds
302
-
302
Charitable activities
Smallford expenses
-
5,688
5,688
Other expenditure
173,760
-
173,760
DEVELOP
8,211
-
8,211
Total
182,273
5,688
187,961
NET INCOME/(EXPENDITURE)
54,748
28,723
83,471
RECONCILIATION OF FUNDS
Total funds brought forward
208,170
31,729
239,899
TOTAL FUNDS CARRIED FORWARD
262,918
60,452
323,370
2020
Total
funds
£
166,030
10,484
57
176,571
(72)
5,462
177,743
-
183,133
(6,562)
246,461
239,899

The notes form part of these financial statements

Page 5

Harvesters Football Club

Balance Sheet 31 May 2021

Unrestricted
Restricted
funds
fund
Notes
£
£
FIXED ASSETS
Tangible assets
6
180,630
26,041
CURRENT ASSETS
Stocks
7
261
-
Debtors
8
7,498
-
Cash at bank and in hand
89,710
34,411
97,469
34,411
CREDITORS
Amounts falling due within one year
9
(15,181)
-
NET CURRENT ASSETS
82,288
34,411
TOTAL ASSETS LESS CURRENT
LIABILITIES
262,918
60,452
NET ASSETS
262,918
60,452
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS
2021
Total
funds
£
206,671
261
7,498
124,121
131,880
(15,181)
116,699
323,370
323,370
262,918
60,452
323,370
2020
Total
funds
£
142,918
563
3,244
119,084
122,891
(25,910)
96,981
239,899
239,899
208,170
31,729
239,899

The financial statements were approved by the Board of Trustees and authorised for issue on 29 November 2021 and were signed on its behalf by:

A L Hunt - Trustee

The notes form part of these financial statements

Page 6

Harvesters Football Club

Notes to the Financial Statements for the Year Ended 31 May 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.

Income

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

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

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

----- Start of picture text -----
||| |---|---| |All weather pitch|- Straight line over 35 years| |- Straight line over 10 years| |Improvements to premises|- Straight line over 20 years| |Plant and machinery|- 25% reducing balance|

----- End of picture text -----

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The restricted funds are as follows:

All Weather Pitch was capitalised and being depreciated over the years.

----- Start of picture text -----
|||||| |---|---|---|---|---| |Mark Lingdren|All Weather| |Memorial Funds|Pitch|Total 2021|Total 2020| |Balance at 01 June 2020|0|31,729|31,729|37,191| |Donations or Grants received|35,000|0|35,000|0| |Expenditure|(591)|(5,688)|(6,279)|(5,462)| |Balance at 31 May 2021|34,409|26,041|60,450|31,729|

----- End of picture text -----

continued...

Page 7

Harvesters Football Club

Notes to the Financial Statements - continued for the Year Ended 31 May 2021

2. OTHER TRADING ACTIVITIES

Sponsorships
Hire of facilities
INVESTMENT INCOME
Deposit account interest
2021
£
5,951
11,361
17,312
2021
£
19
2020
£
2,820
7,664
10,484
2020
£
57

3. INVESTMENT INCOME

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
166,030
Other trading activities
10,484
Investment income
57
Total
176,571
EXPENDITURE ON
Raising funds
(72)
Charitable activities
Smallford expenses
-
Other expenditure
177,743
Total
177,671
NET INCOME/(EXPENDITURE)
(1,100)
RECONCILIATION OF FUNDS
Total funds brought forward
209,270
Restricted
funds
£
-
-
-
-
-
5,462
-
5,462
(5,462)
37,191
Total
funds
£
166,030
10,484
57
176,571
(72)
5,462
177,743
183,133
(6,562)
246,461

continued...

Page 8

Harvesters Football Club

Notes to the Financial Statements - continued for the Year Ended 31 May 2021

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
TOTAL FUNDS CARRIED FORWARD
208,170
6.
TANGIBLE FIXED ASSETS
Improvements
to
Plant and
property
machinery
£
£
COST
At 1 June 2020
131,834
44,069
Additions
1,836
5,908
At 31 May 2021
133,670
49,977
DEPRECIATION
At 1 June 2020
44,503
27,898
Charge for year
6,682
5,520
At 31 May 2021
51,185
33,418
NET BOOK VALUE
At 31 May 2021
82,485
16,559
At 31 May 2020
87,331
16,171
7.
STOCKS
Stocks
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
- continued
Restricted
funds
£
31,729
All
weather
pitch
£
287,959
82,110
370,069
248,543
13,899
262,442
107,627
39,416
2021
£
261
2021
£
1,795
5,703
7,498
Total
funds
£
239,899
Totals
£
463,862
89,854
553,716
320,944
26,101
347,045
206,671
142,918
2020
£
563
2020
£
-
3,244
3,244
Total
funds
£
239,899

continued...

Page 9

Harvesters Football Club

Notes to the Financial Statements - continued for the Year Ended 31 May 2021

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
10.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Development fund
Restricted funds
General fund restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Development fund
Restricted funds
General fund restricted
TOTAL FUNDS
At 1/6/20
£
193,821
14,349
208,170
31,729
239,899
Incoming
resources
£
237,021
-
237,021
34,411
271,432
2021
2020
£
£
10,860
1,667
4,321
24,243
15,181
25,910
Net
movement
At
in funds
31/5/21
£
£
62,959
256,780
(8,211)
6,138
54,748
262,918
28,723
60,452
83,471
323,370
Resources
Movement
expended
in funds
£
£
(174,062)
62,959
(8,211)
(8,211)
(182,273)
54,748
(5,688)
28,723
(187,961)
83,471

continued...

Page 10

Harvesters Football Club

Notes to the Financial Statements - continued for the Year Ended 31 May 2021

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/6/19 in funds 31/5/20
£ £ £
Unrestricted funds
General fund 194,921 (1,100) 193,821
Development fund 14,349 - 14,349
209,270 (1,100) 208,170
Restricted funds
General fund restricted 37,191 (5,462) 31,729
TOTAL FUNDS 246,461 (6,562) 239,899
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund
176,571
(177,671)
(1,100)
Restricted funds
General fund restricted
- (5,462) (5,462)
TOTAL FUNDS 176,571
(183,133)
(6,562)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At
At 1/6/19 in funds 31/5/21
£ £ £
Unrestricted funds
General fund 194,921 61,859 256,780
Development fund 14,349 (8,211) 6,138
209,270 53,648 262,918
Restricted funds
General fund restricted 37,191 23,261 60,452
TOTAL FUNDS 246,461 76,909 323,370

continued...

Page 11

Harvesters Football Club

Notes to the Financial Statements - continued for the Year Ended 31 May 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Development fund
Restricted funds
General fund restricted
TOTAL FUNDS
Incoming
resources
£
413,592
-
413,592
34,411
448,003
Resources
Movement
expended
in funds
£
£
(351,733)
61,859
(8,211)
(8,211)
(359,944)
53,648
(11,150)
23,261
(371,094)
76,909

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2021.

Page 12

Harvesters Football Club

Detailed Statement of Financial Activities for the Year Ended 31 May 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Training & Summer Camps
Grants
Subscriptions
Tournament & Cup Finals
Presentation day income
Kiosk income
Other trading activities
Sponsorships
Hire of facilities
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Closing stock
Charitable activities
Rent
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Repairs and maintenance
Fines
Match expenses
Football Development
Presentation evening
Registrations
Carried forward
2021
£
49,611
23,521
6,220
30,875
138,107
-
-
5,767
254,101
5,951
11,361
17,312
19
271,432
563
(261)
302
3,673
693
1,839
2,938
317
98
73
318
51,930
108
15,331
19,574
5,421
1,040
103,353
2020
£
1,401
15,927
4,482
2,700
133,865
2,673
3,073
1,909
166,030
2,820
7,664
10,484
57
176,571
491
(563)
(72)
240
2,300
1,828
3,833
539
70
60
554
59,245
165
22,408
22,108
6,094
1,032
120,476

This page does not form part of the statutory financial statements

Page 13

Harvesters Football Club

Detailed Statement of Financial Activities for the Year Ended 31 May 2021

Charitable activities
Brought forward
Kit and equipment
Management and administration
Donations
Depreciation of improvements to property
Depreciation of plant & machinery
Depreciation of all weather pitch
Support costs
Finance
Bank charges
Total resources expended
Net income/(expenditure)
2021
£
103,353
18,439
36,500
548
6,682
5,520
13,899
184,941
2,718
187,961
83,471
2020
£
120,476
10,687
31,443
500
6,590
5,390
5,688
180,774
2,431
183,133
(6,562)

This page does not form part of the statutory financial statements

Page 14

Davis Grant Limited Treviot House 186-192 High Road Ilford Essex IG1 1LR Dated: 29 November 2021

Harvesters Football Club c/o J. Holmes, Treasurer 13 Oakhill Drive Welwyn AL6 9NW

Dear Sirs

During the course of the preparation of your accounts for the year ended 31 May 2021, the following representations were made to us by the management and Trustees. Please read these representations carefully and if you agree with our understanding please sign and return the original copy of this letter to us as confirmation of this.

Representation

  1. You acknowledged as Trustees your responsibility for making accurate representations to us and for the accounts which we have prepared for the company.

  2. You acknowledged as Trustees your responsibilities under the Companies Act 2006 for preparing accounts which give a true and fair view of the state of the company’s affairs as at year ended 31 May 2021 and of the results of its operations for the year then ended; such responsibilities being set out on the balance sheet of the unaudited financial statements. You acknowledged the responsibility under S423 of the Companies Act 2006 to send a copy of the annual accounts to every member of the company.

  3. You confirmed that all accounting records had been made available to us for the purpose of preparing the company’s accounts and that all the transactions undertaken by the company had been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders’ meetings, had been made available to us.

4. You confirmed all income, expenditure, assets and liabilities have been completely and accurately recorded in the accounts and the accounting records. You acknowledged that we are not bound to enquire into such matters. In particular, you confirm that the figures for turnover and gross assets are not understated and that the company is therefore entitled to the audit exemptions available to certain small companies.

  1. You confirmed that the company had no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the accounts.

  2. You confirmed that there have been no events since the balance sheet date which required disclosing or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts. Should further material events occur which may necessitate revision of the figures included in the unaudited financial statements or the inclusion of a note thereto, you will advise us accordingly.

  3. You confirmed you have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the unaudited financial statements.

  4. You confirmed the company has satisfactory title to all assets and there are no liens or encumbrances on the assets except for those disclosed in the unaudited financial statements.

  5. You confirmed that the company has had, at no time during the year, any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for Trustees, nor to guarantee or provide security for such matters, except as disclosed in the accounts.

  6. You confirmed that the related party relationships and transactions disclosed in the accounts are a complete list of such relationships and transactions and that you are not aware of any further related parties or transactions.

  7. You confirmed that the company has not contracted for any capital expenditure other than as disclosed in the accounts.

  8. You confirmed that there are no companies associated with this company for tax purposes.

You understand that companies are associated for tax purposes if they are under the control of the same person or persons. You also understand that for this purpose a person might be treated as one and the same person as: a close relative; a business partner; a trustee of a settlement of which the person or a relative was the settlor; and any company in which any of these is also a shareholder.

  1. You confirmed you are not aware of any possible or actual instance of noncompliance with those laws and regulations which provide a legal framework within which the entry conducts its business and which are central to the entity’s ability to conduct its business, namely Charities Act 2011 (specify relevant rules and regulations), except as explained to us and as disclosed in the accounts. You confirmed the company has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of noncompliance and there exist no claims against the company, either by employees or other third parties and the company has adequate insurance cover for all consequences

  2. You confirmed that having considered your expectations and intentions for the next twelve months and the availability of working capital, current and future sources of financial support, the company is a going concern and will continue to be so for the next twelve months. You believe that no further disclosures relating to the company’s ability to continue as a going concern need to be made in the unaudited financial statements.

  3. You confirmed the following specific representations made to us during the course of preparing your accounts relating to year ended 31 May 2021:-

  4. Stock is valued at the lower of cost and net realisable value and amounted to £261

  5. Kiosk Float cash held amounted to £668

We confirm that we have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the Trustees during the course of preparing the company’s accounts.

Yours faithfully

for and on behalf of:

Harvesters Football Club

..................................................................... A L Hunt (Trustee)

MINUTES OF A MEETING OF THE TRUSTEES OF

HARVESTERS FOOTBALL CLUB

HELD BY

CONFERENCE CALL

ON

29 NOVEMBER 2021

PRESENT: A L HUNT (TRUSTEE)(IN THE CHAIR) A D PARKER M KELLY

Short Notice All the Trustees of the Company entitled to attend and to vote at meetings being present, IT WAS RESOLVED that short notice of this meeting be and it is hereby accepted and that those present sign these minutes accordingly.

Notice Convening the Meeting IT WAS RESOLVED that the notice convening the meeting be and it is hereby taken as read.

Trustees' Report and Accounts IT WAS RESOLVED that the Trustees' Report and the accounts for the year ended 31 May 2021 and the Director's Emoluments shown in them, be and they are hereby approved.

General Meeting IT WAS NOTED and agreed that under the Companies Act 2006, no Annual General Meeting’s is necessary and as a result no meeting will be called or held.

Closure The above minutes were read and approved and signed by those present as a true record.

Date: 29 November 2021

A L HUNT Chairman