NORTH EAST AMBULANCE CHARITY
CHARITABLE FUNDS ANNUAL REPORT AND UNAUDITED ANNUAL ACCOUNTS 2024/25
Charity Number: 1078575
Charity Number: 1078575 Contents Page Legal and administrative information The Charity - Structure, Governance and Management The Charity - Purpose Report on activities Financial review Annual Accounts Independent Examiner's Report 18
The Trustee's Report Legal and administrative information Trustees The Trustee of the Charity is the North East Ambulance Service NHS Foundation Trust. The Directors of the Trust are charged with the management of the Charitable Fund. The Directors during the year were as follows: Non-Executive Directors M Liston P Chandler P Strachan S Corbridge J Marshall G O'Hare G Morrow C Panteli S Mason A Slater RS Sanghera Chair of the Charitable Funds Committee To 1210912024 To 3011112024 From 2211112024 From 0110912024 vichalr of Charitable Funds Committee Executive Directors HRay T Lake M Redhead K O'Brien M Evans S Segasby J Young K Noble K McQuade P Nicholson A Hodge To 2610612024 From 2610612024 To 2810112025 Principal Office Ambulance Headquarters, Bernicia House, The Waterfront, Goldcrest Way, Newburn Riverside, Newcastle upon Tyne, NE15 8NY. Bankers Nationwide Building Society, Kings Park Road, Moulton Park, Northampton, NN3 6NW Independent Examiner David Hoose FCA, Forrfis Mazars LLP, 30 Old Bailey, London, EC4M 7AU. The Charity- Structure, Governance and Management The North East Ambulance servi Trust Fund was established on 30th September 1999, under the governing document "A Model Declaration of Trust for NHS Charities"
Management of the Charity is delegated to the Charitable Funds Committee, chaired by M Liston. The Committee meets quarterly and reviews donations, considers requests for funding and approves the annual report and accounts. The Committee members have read and had regard to the Charity Commission's guidance on public benefit as well as other guidan such as the Essential Trustee. The Charity Commission registration number is 1078575. The Charity- Purpose The purpose of the charity is "to apply income for any charitable purpose or purposes relating to the National Health servi wholly or mainly for the ServIS provided by North East Ambulance Service Trust Fund." The fund currently benefits staff and patient welfare within the boundary of the Trust. Funds can be restricted at the point of donation to benefit staff at a particular Ambulance Station or for patients through our Community First Responder restricted fund. Report on Activities The Charity started the year with funds totalling £265,816. Summary key financial data 2024125: Throughout the year a total of £35.766 income was received with charitable donations and investment income. In 2024125 grants were received £245.000 from Vonne for community public access defibrillators. Expenditure incurred was £60,056. The majority of this expenditure related to utilising the NHS CT grants for development grants and for First Responder defibrillators. The management and administration costs are the fee for the independent examination of the account (£1,344). Other costs of generating funds of £1,802 relate to fees for a charitable donation website (£198) and NHS CT yearly subscriptions (£1.604). Fund Balance as at 31 st March 2025: £486,526 of which £333,602 are restricted David Hoose of Foniis Mazars LLP is the Charity's independent examiner of the accounts. The overall fund balance increased by £222,710 during 2024125. The Charitable Funds Committee continues to promote the balance of restricted funds to all relevant stakeholders. The external site also gives information on how to donate and who to contact to gain further details about the charity. Information is also provided on the Charity leaflet. Main Achievements The main achievements during the year are- Securing a grant from Vonne to strengthen emergency response across the region by expanding access to community public access defibrillators (CPADS), which are a vital link in the chain of survival for those experiencing cardiac arrest Delivering a project to increase our Community First Responder volunteers by over 50 % and the total number of schemes by 30 % .
Using the NHS Charities Together Development Grant to improve the branding, strategy and visibility of the Charity. Financial Review The financial statements are shown on page 5 onwards. Day to day management of the fund is carried out by the Financial Services and Treasury Manager, employed by the North East Ambulance servi Foundation Trust. As the costs are nominal,. these are not re-charged to the Charity. All Committee members and other staff connected with the Charitable Fund do not re1ve any remuneration from the Charity. The Charity does not undertake regular fundraising activities but relies on donations from the general public. The Trustee has not identified any significant risks to the charitable funds and confirms that it complies with the current Charities governing document and the 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 of Ireland (FRS 102). The restricted funds have increased during the year, this was expected in 2024125 due to the receipt of grants being provided by Vonne.
North East Ambulance Service Trust Fund Annual Accounts Foreword These accounts have been prepared by the Trustee as per the Charities Act 2011 and in accordance with the 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 of Ireland (FRS 102). Statutory Background The Trustee have been appointed under Section 11 of the NHS and Community Care Act 1990 and comply with the current National Health servi Act 2006. The North East Ambulance Service Trust Funds held on trust are registered with the Charity Commission under Charity Number 1078575. Statement of trustees. responsibilities The trustee is responsible for: keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the funds held on trust and to enable them to ensure that the accounts comply with requirements in the Charities Act 2011: establishing and monitoring a system of intemal control., and establishing arrangements for the prevention and detection of fraud and corruption. The trustee is required under the Charities Act 2011 to prepare accounts for each financial year. These accounts are required to give a true and fair view of the financial position of the funds held on trust, in accordance with the Charities Act 2011. In preparing those accounts, the trustee is required to.. apply accounting policies on a consistent basis. make judgements and estimates which are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. The trustee confimis that they have met the responsibilities set out above and complied with the requirements for preparing the accounts. The financial statements set out on pages 6 to 18 attached have been compiled from and are in accordance with the financial records maintained by the trustee. By Order of the Trustee M Liston Date 2Z10112026
North East Ambulance Service Trust Fund Annual Accounts statement of Financial Activities for year ended 31 March 2025 Unrestricted Restricted Total Total Funds Funds 2024-25 2023-24 INCOMING RESOURCES.. Donations, Le Donations a¢ies and similar resour5 13.263 13.263 14,150 Grants receivable '. other rants receivable 245,000 245,000 245.000 258,263 172,744 186,894 Total Donations and L acies 13,263 eratin Activities.. Investment income 7,388 20.651 15,115 260.115 22.503 280.766 18,365 205,259 Total incomin resources RESOURCES EXPENDED: Costs of eneratin funds 15,001 12.620 27.621 19,407 Charitable ex enditure Adivf(ies in furtherance of charitable ob"edives 6,578 441 24,513 903 31.091 97,779 1.248 Mana ement and administrats'on Total resources ex nded 22.020 1,369 154.293 38.036 222.079 111.523 60.056 220.710 265.816 Net movement in funds 86,825 178.991 Fund balances brou ht forward at 31 March 2024 Fund balances carried forward at 31 March 2025 152,924 333,602 486,526 265,816
North East Ambulance Service Trust Fund Annual Accounts Balance sheet as at 31 March 2025 Unrestricted Restricted 31-Mar-25 31-Mar-24 Funds Funds Totsl Funds Totsl Funds Current assets: stocks Debtors 17,113 152.565 260,098 384.529 2TT,211 537.094 814,305 327.779 486.526 486.526 486,526 171,888 554.375 Cash at bank and in hand Total current assets 169,678 16.754 152.924 152,924 152,924 644,627 311,025 333.602 333,602 333,602 726,263 460.447 265816 CdItorS". Amounts fallin due within one ear Net current assets Total assets less current liabilities 265,816 26S,816 Net assets Funds of the Charity Unrestricted Income Funds 152.924 152.924 333.602 154.293 111,523 Restricted Income Funds 333.6D2 Totsl funds 152,924 333,602 486,526 265,816 By Order of the Trustee Signed M Liston Date 2210112026
North East Ambulance Service Trust Fund Annual Accounts Notes to the Accounts 1.1 Going Concern The Charity has decided to prepare the accounts on a "going concern" basis. This decision has been made based on" the Charity having a history of good financial perf0rrnan including significant growth in the value of the funds over the past few years. Plans to utilise current and future funds are in place. there are no significant operational or other risks that would jeopardise the Charity's continuing operations the Trustee, along with the Charitable Funds Committee, have no plans to wind down the operations of the Charity, if anything promotion has taken pla during the year to enable the Charity to increase the level of income it receives in the next and future financial periods currently, the main debtor and creditor of the Charity is North East Ambulance NHS Foundation Trust and therefore cash balanS are expected to remain liquid in the next financial period Further access to grants from NHS Charities Together and other Charity Networks, such as Vonne, has resulted in grants in 2024-25. with some of those running until to the end of 2025126 and beyond. 1 .2 Accounting Policies The accounting policies used to prepare the Trust Fund accounts are given in the paragraphs below. They have been applied consistently in dealing with items considered material in relation to the accounts. 1.3 Accounting Convention As the Charity is registered within the United Kingdom, the financial statements have been prepared in accordan with the 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 of Ireland (FRS 102) and the Charities Act 2011. 1.4 Incoming Resources All incoming reSoUrS are included in full in the Statement of Financial Activities as soon as the following three factors can be met: entitlement - arises when a particular resour is re1vable or the charity's right becomes legally enforceable., probability - when it is probable that the incoming resour will be received., measurement- when the monetary value of the incoming resources can be measured with sufficient reliability. Gifts in kind Assets given for distribution by the funds are included in the Statement of Financial Activities only when distributed. Assets given for use by the funds (e.g. property for its own occupation) are included in the Statement of Financial Activities as incoming reSoUrS when receivable. Gifts made in kind but on trust for conversion into cash and subsequent application by the funds are included in the accounting period in which the gift is sold.
In all cases the amount at which gifts in kind are brought into account is either a reasonable estimate of their value to the funds or the amount actually realised. The basis of the valuation is disclosed in the annual report. The Charity exists as a public benefit entity and the rent promotional strategy of the Charity is built around increasing ServIS to the communities in the coming years. acies Legacies are accounted for as incoming reSoUrS once the receipt of the legacy becomes probable. This will be once confirmation has been reiVed from the representatives of the estates that payment of the legacy will be made or property transferred and On all conditions attached to the legacy have been fulfilled. 1.5 Resources expended The funds held on trust accounts are prepared in accordan with the accruals concept. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. Cost of eneratin funds The costs of generating funds are the costs associated with generating income for the funds held on trust. Grants able Grants payable are payments, made to third parties (including NHS bodies) in the furtherance of the funds held on trust's charitable objectives to relieve those who are sick. They are accounted for on an accruals basis where the conditions for their payment have been met or where a third party has a reasonable expectation that they will receive the grant. This includes grants paid to NHS bodies. Mana ement and administrative costs There were no recharges of administrative costs to the North East Ambulance Service NHS Foundation Trust in 2024125. Independent examination fees are apportioned across the funds based on fund value at 31st March 2025. 1 .6 Structure of funds Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified in the accounts as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. Other funds are classified as unrestricted funds. Funds which are not legally restricted but which the Trustee had chosen to earmark for set purposes are designated funds. The major funds held within these categories are disclosed on notes 10.1 and 10.2 along with an indication of how the funds have arisen. 1.7 Reserves Policy The Trustee has agreed a reserve balan of £1,000 for the unrestricted funds. This reserve is held so that expenditure to ambulan stations for Christmas provisions, which has been provided from unrestricted funds, can be met. Below this level requests for funding from unrestricted funds will be declined until the balance recovers over the £1 k threshold. The Trust currently holds £152,924 in unrestricted funds as at 31st March 2025.
By their nature restricted funds are received with the intention of expenditure being incurred and therefore no reserves are kept. However, a delay between receipts and identification of suitable purposes has resulted in some accumulation of fund balances. These balances are invested to maximise returns. This policy will be reviewed annually by the Charitable Funds Committee prior to the preparation of the accounts. 1.8 Changes in the Basis of Accounting There has been no change in the basis of accounting during the year. 1.9 Prior Year Adjustments No adjustment has taken place in the year. 1.10 Pooling Scheme No pooling scheme operated in the year. 10
- Prior year comparatives by type of fund The primary statements provide prior year comparatives in total", this note provides prior period comparatives for the statement of financial activities and the balance sheet for each of the two types of fund that the Charity manage. Unrestricted funds - statement of financial activity for the year ended 31 March 2025 Total T¢)tal 202&25 202>24 INCOMING RESOURCES: Donations, Le Donations acies and similar resource5 13.263 14.150 Grants receivable . Total Donations and Le acies 13,263 14,150 eratin Activities: Investrnent income 7,388 20,651 15,067 29,217 Total incomin resources RESOURCES EXPENDED.. Costs of eneralin funds 206 Charitable ex nditure Activities in furtherance of charitable ob'ecaives 6.578 441 2,489 724 Mana emenl and administration Total resources ex nded 22.020 3.419 Net movement in fund$ Fund balances brou ht forward at 31 March 2024 154,293 152,924 128,495 154,293 Fund balances carried forward at 31 March 2025 Unrestricted funds - balance sheet as at 31 March 2025 31-Mar-25 31-Mar-24 Total Fund5 Total Funds Current assets: Debtors 17.113 152,565 169.678 16.754 152,924 76.288 128,341 204,629 50.336 154,293 Cash at bank and in hand Total current assets Creditors.. Amounts fallin due within one ear Net current assets Totsl assets less current liabilities Net assets 152,924 154,293 Funds of the Charity Total Unrestricted funds 152,924 154,293
Restricted funds - statement of financial activity for the year ended 31 March 2025 Totsl Totsl 202425 202>24 INCOMING RESOURCES.. Donations, L Grants from NHS Charities To a¢ies and similar resour5 ether 245.000 172.744 Total Donations, Le eratin Activities.. acies and Grants 245,000 172,744 Investment income 15,115 3,298 176,042 Total incomin resources 260.115 RESOURCES EXPENDED: Costs of eneratin funds 12.620 19,201 Charitable ex nditure Activities in furtherance of charitable ob'etxives 24,513 903 95,290 524 Mana ement and administration Total resources ex nded 38,036 222,079 111,523 333,602 115,015 61,027 50,496 111,523 Net movement in funds Fund balances brou ht forward at 31 March 2024 Fund balances carried forward at 31 March 2025 Restricted funds - balance sheet as at 31 March 2025 31-Mar-25 31-Mar-24 Tt)tal Funds Totsl Funds Current assets.. Debtors 260,098 95,600 Cash at bank and in hand 384,529 426,034 Total current assets 644.627 521.634 Creditors.. Amounts fallin due within one ear 311,025 410,111 Net current assets 333 602 111 523 Total assets less current liabilities 333,602 111,523 Net assets 333 602 111 523 Funds of the Charity Total restricted funds 333,602 111.523 12
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Details of Investment Income Unrestricted Restricted Endowment Funds Funds Funds Total 2025 Funds Total 2024 Funds Investment income Untaxed Interest Totsl investment income 7,388 7,388 15,115 15,115 22,503 22,503 18,365 18,365 The interest received from Nationwide account is transferred out at year-end and therefore offset within the Statement of Cash Flows. The increase in interest is due to the increase in Interest rates and cash balances. 4.1 Details of Resources Expended - Activities for Charitable Objectives Unrestricted Restricted Endowment Funds Funds Funds Total 2025 Funds Total 2024 Funds Patients welfare and amenities Staff welfare and amenities 5.000 1,578 6,578 23.130 1,383 24,513 28,130 96,790 989 97,779 31,091 During the year expenditure on patient welfare included Volunteer Community First Responder Equipment, Expenditure on Defibrillators. There was also expenditure on the development grant where the Charity purchased resource from the NHS Trust. 4.2 Analysis of Management and Administration Costs Unrestricted Restricted Endowment Funds Funds Funds Total 2025 Funds Total 2024 Funds Independent Examination fee 441 441 903 903 1,344 1,344 1,248 1,248 The Charity does not employee staff, so the average head count is zero (2023-24; zero). In addition, no employees received benefits of more than £60k in the period. None of the Trustees received any remuneration or incurred expenses. The positive action officer and the developments grant funded post was provided by NEAS and recharged to the Charity. 13
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Analysis of Total Resources Expended Costs of Costs of Generating Activities Funds for Charitable Objectives (Grants to Individuals- Staffj Management and Administration Total 2025 Funds Total 2024 Funds Restated Independent examinerfs fee Bought-in services from NHS Other 1,344 1,344 1,248 24,366 3,255 27,621 24,366 34,346 60,056 17,236 99,860 118,434 31,091 31,091 Support costs for 2024-25 were £0 (2023-24.. £0)
- Net Movement in Funds Total 2025 Funds Total 2024 Funds Restated Unrestricted Restricted Endowment Funds Funds Funds Net movement in funds for the year (1.369) 222.079 220,710 86,825 Net movement in funds available for future activities 1,369 222,079 220,710 86,825
- Fixed Assets There are currently no fixed assets owned by the Charity.
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Analysis of Creditors Asat31 Mar-25 Asat31 Mar-24 8.1 Amounts falling due within one year: Other Creditors- NEAS Accruals Total creditors falling due within one year 322,139 5,640 327,779 454,903 5,544 460,447 8.2 Amounts falling due after more than one year: Total creditors falling due after more than one year Total creditors 327,779 460,447 Other Creditors are solely made up oftransactions that have initially been paid by the North East Ambulance Service NHS Foundation Trust. The independent examination fees for current and prior years account for the accruals. 14
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Analysis of Debtors Asat31 Mar-25 Asat31 Mar-24 Amounts falling due within one year= Trade Debtors Accrued Income Total debtors falling due within one year 277.211 277,211 171,888 171,888 Amounts falling due after more than one year: Trade Debtors Accrued Income Total debtors falling due after more than one year Total debtors 277,211 171,888 Accrued income is for donations which have been banked by North East Ambulance Service NHS Foundation Trust" this amount will be transferred to the Foundation Trust Funds account as part of the settlement of all outstanding balans.
- Analysis of Funds 10.1 Restricted Funds 2024-25 Gains and Losses Asat31 Incoming Resources Mar-24 Resources Expended Transfers Asat31 Mar-25 Restricted Funds Material funds Teesdale Health City Plan N.Aycliffe Hartlepool First Responders First R. (Cleveland) Florence May Bogey Vonne Amble Rapid Response Finance&Resources NHCS CT-CFR NHCS CT- Dev 574 40,780 29 2,056 (1) (123) 602 42,713 127 279 63 1,881 28,594 255,673 30 544 3,096 266 60 1.796 28,678 14 (1) 90 1.381 256,352 (5) (1.465) (679) 29 519 2.956 23.126 12,618 111.523 26 149 (1) (9) {23,130) {12,620) (38,036) Total 260.115 333.602 10.2 Restricted Funds 2023-24 Gains and Losses Asat31 Incoming Resources Mar-23 Resources Expended Transfers Asat31 Mar-24 Restricted Funds Material funds Teesdale Health City Plan N.Aycliffe 523 (3) {49,269) (1) 574 40,780 121 90.049 15
Hartlepool First Responders First R. (Cleveland) Florence May Bogey Amble Rapid Response NHCS CT- PA 243 55 1,636 26.133 26 473 25 (2) 266 60 1,796 28.678 29 519 168 2,679 (8) (134) 48 35,083 276 15,763 31,878 176,042 (2) {35,083) (14) (11,239) {19,260) 115,015 Finance&Resources 2,694 18,602 2,956 23,126 12,618 111,523 NHCS CT-CFR NHCS CT- Dev Total 50.496 10.3 Details of Material Funds - Restricted Funds Donation IGrant Name of fund A Teesdale C N.Aycliffe D Hartlepool E First Responders First R. (Cleveland) G Florence May Bogey H Vonne Amble Rapid Response N NHCS CT- Grant O Finance & Resources P NHCS CT-CFR Q NHCS CT- Dev Legacy Description of the nature and purpose of each fund Restricted to Staff Welfare at Barnard Castlelmiddleton Restricted to Staff Welfare at this Station Restricted to Staff Welfare at this Station Restricted to First Responder Requirements Restricted to First Responder Requirements in Cleveland Restricted to Trust & Staff Welfare within Tees District Restricted to a scheme for Volunteer First Responders Restricted to Staff Welfare at this Station Restricted to the purchase of Rapid Response equipment Restricted to a scheme for Positive Action OffIr Restricted to Staff Welfare in this directorate Restricted to a scheme for Volunteer First Responders Restricted to funding for the Development Grant All funds within the Charity are liquid. The Charity receives donations and legacies due to the appreciation of the healthcare the person or their relative has received. There is often a covering letter with the donations,. these often specify that a particular station or area should be the recipient of the funds. This is how funds become restricted in nature. The NHS Charities Together grant and the Vonne grant were specific bids for funds, whereas the other amounts were allocations from a national fund. 11. Material Uncertainties There are no material uncertainties around the ability for the Charity to continue. 12. Contingencies There were no contingent {losses)Igains that have been included in the accounts at 31 st March 2025, (31st March 2024 £Nil). 13. Commitments, Liabilities and Provisions There were no commitments that have been included in the accounts at 31 st March 2025, (31 st March 2024 £Nil). 14. Trustee and Connected Persons Transactions There were no transactions to connected persons during the year ended 31 st March 2025, (31 st March 2024 £Nil). 16
- Loans or Guarantees, Secured Against Assets of the Charity There were no loans or guarantees secured against the assets of the charity as at 31 st March 2025, (31st March 2024 £Nil).
- Connected Organisations There were no transactions to connected organisations or persons during the year ended 31 st March 2025, {31 st March 2024 £Nil).
- Related Party Transactions During the year none of the Directors or members of the key management staff or parties related to them has undertaken any material transactions with the Charitable Trust. The recording of any conflict of interest is incorporated into the form when staff request access to funds and also for each item within the Charitable Funds Committee meetings. The only related party is North East Ambulan servi NHS Foundation Trust whose Board is the Trustee of the Charity. The balanS betWn the 2 organisations at year-end are North East Ambulance Service NHS FT Asat31 Mar-25 Asat31 Mar-24 Debtors Creditors 277,210 171,889 (322.139) (454,903) 2024-25 2023-24 Expenditure Income (58,712) 280,766 {115,312} 104,187 17
Independent Examiner’s Report to the Trustees of North East Ambulance Service Trust Fund
I report on the financial statements of North East Ambulance Service Trust Fund for the year ended 31 March 2025, which are set out on pages 6 to 17.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the financial statements under section 145 of the 2011 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
Since the charity’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 by being a qualified member of the Institute of ICAEW which is one of the listed bodies.
In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:
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accounting records were not kept in respect of North East Ambulance Service Trust Fund in accordance with section 130 of the 2011 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
David Hoose (Jan 28, 2026 12:54:41 GMT)
David Hoose FCA Forvis Mazars LLP 30 Old Bailey London EC4M 7AU
Date: 28/01/2026