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2020-12-31-accounts

The Community of Interbeing UK

Annual Report and Financial Statements

Year Ended 31 December 2020

Registered Charity No 1096680

Company Registration No 4623280

2 The Community of Interbeing UK Annual Report and Financial Statements 2020

About the Community of Interbeing UK

The Community of Interbeing UK is the network of people in the United Kingdom who practise Buddhism according to the teachings of Zen master Thich Nhat Hanh ( Thây -pronounced 'tie' - as we call him, meaning teacher in Vietnamese). The UK Community of Interbeing is part of the wider international Sangha of many thousands of practitioners worldwide, all of whom follow Thây's mindfulness practice and teachings.

Mindfulness is the energy of being aware and awake to the present moment. It is the continuous practice of touching life deeply in every moment of daily life. To be mindful is to be truly alive, present and at one with those around us and with what we are doing. We bring our body and mind into harmony while we wash the dishes, drive the car or take our morning shower, learning to do them with mindfulness, with an awareness that we are doing them. We practise mindfulness throughout every moment of the day and not just during meditation.

Practising mindfulness cultivates understanding, love, compassion, and joy. This practice helps us to take care of and transform suffering in our lives and in our society.

In practising together as a group, our practice of mindfulness becomes more joyful, relaxed and steady. We support each other along the path of practice. With the support of the community, we can practise to cultivate peace and joy within and around us, as a gift for all of those whom we love and care for. We can cultivate our solidity and freedom - solid in our deepest aspiration and free from our fears, misunderstandings, and our suffering.

In addition to providing national retreats and training, the Community of Interbeing supports around one hundred and twenty local sangha groups around the UK, sells books and other media, and provides a weekly update for members called Dharmabites , plus a monthly e-News called Here & Now, as well as distributing the international Mindfulness Bell magazine.

Through our programmes of education and practice the Community of Interbeing endeavours to encourage more people to practise mindful living.

The Community of Interbeing UK Annual Report and Financial Statements 2020 3

2020 Annual Review

In this annual review we set out our charitable aims, and for each aspect of our activities, the actions taken to implement them in this year as well as our plans for the future.

Charitable aims

The Objectives of the Community of Interbeing are:

b) To assist and encourage the formation and activities of regional and local groups having this common purpose.

National practice and training

What we do

How what we do delivers public benefit

The principal benefit comprises the provision of opportunities for members of the public (including Buddhists and those interested in Buddhism) to learn more about mindfulness and Buddhism. We provide instruction from beginner to advanced levels, enabling people to deepen their knowledge and experience. We offer retreats for both individuals and groups, to enable them to develop their meditation experience and increase their understanding of the mindful way of life in the Plum Village tradition of Thich Nhat Hanh.

Our events are advertised publicly on our website, social media channels (e.g PlumVillageUK facebook page) as well as our weekly Dharmabites offerings for members and monthly e-News (which anyone can sign up to). We offer a warm welcome to anyone who wishes to attend. We make a charge to recover the cost of running our retreats and training programmes with a lower rate applying to those in special circumstances. We also endeavour to raise funds to offer bursaries towards the cost of some of the events.

Action taken in 2020

The year 2020 was an extraordinary year for all species on planet Earth, with: a global pandemic that showed the full extent of inter-connectedness and impacted the human species; horrifying acts of individual and state violence that galvanised international action for racial and social justice; and the increasing manifestation of extreme weather events across the globe.

Set in this context our community worked in so many ways to grow connection and develop our practice. From initial first steps sharing togetherness online we developed steadily in confidence and variety of opportunities we offered. Across the broad community in the UK we were delighted to support:

4 The Community of Interbeing UK Annual Report and Financial Statements 2020

The Community of Interbeing UK Annual Report and Financial Statements 2020 5

6 The Community of Interbeing UK Annual Report and Financial Statements 2020

Be Calm Be Happy, introductory courses

Being Peace Residential Practice Centre

The Community of Interbeing UK Annual Report and Financial Statements 2020 7

Future plans for 2021 and 2022

For 2021 as people have become more used to being on Zoom we have decided to:

Local sanghas – practice and training

What we do

How what we do provides public benefit

These activities provide the same public benefits as the National practice and training programme but on a local level making them as widely geographically accessible as possible.

Action taken in 2020

Future plans

8 The Community of Interbeing UK Annual Report and Financial Statements 2020

Publications service

What we do

How what we do provides public benefit

Action taken in 2020

Future plans for 2021 - 22

Communications

What we do

How what we do benefits the public

Our communications programme supports and facilitates the achievement of our other activities and hence benefits the public as explained above.

Action taken in 2020

The Community of Interbeing UK Annual Report and Financial Statements 2020 9

Future plans 2021-22

Dana

What we do

The practice of dana or giving is a fundamental practice in Buddhism. The Community of Interbeing provides opportunities for people to give of their time and expertise and to give monetary donations. There are opportunities to support us in the UK and also to contribute to international charities associated with Thich Nhat Hanh and Plum Village including the Thich Nhat Hanh UK Action Fund and the relief of poverty in Vietnam.

How what we do benefits the public

Our dana programme benefits the public both directly and indirectly. Direct benefits come through the alleviation of suffering and the teaching of programmes of mindful living. Indirect benefits come through the encouragement of responsible living and of the importance of charitable giving.

Action taken in 2020

10 The Community of Interbeing UK Annual Report and Financial Statements 2020

Future plans

Engaged Action

What we do

Many of our community members are very active in offering mindfulness practice to others in an engaged way. Examples include activism in racial and social justice, climate action and Earth holding, prison chaplaincy, healthcare chaplaincy, and teaching in schools. Many community members are engaged in significant ways across many such areas.

How what we do benefits the public

The engaged action of our members benefits the public both directly and indirectly. Direct benefits come through the contact and support with chaplains, teachers, and activists, and the associated ability to live more mindfully and calmly. This indirectly benefits all around those who have benefited from this contact.

Action taken in 2020

Future plans 2021-22

The Community of Interbeing UK Annual Report and Financial Statements 2020 11

Charity Information

CURRENT TRUSTEES

Ms L Beth Mr P Croton Dr J Edwards Mr K Place Ms A Searle

COMPANY SECRETARY

Ms I Wen

LEGAL STATUS

Registered Charity

No 1096680

Company Registration No 4623280

FURTHER INFORMATION

Website: www.plumvillage.uk

BANKERS

Bath Building Society, 15 Queen Square, Bath, BA1 2HN The Co-operative Bank, PO Box 250, Skelmersdale, WN8 6WT Ecology Building Society, 7 Belton Road, Keighley, West Yorkshire, BD20 0EE Monmouthshire Building Society, Monmouthshire House, John Frost Square, Newport, NP20 1PX

INDEPENDENT EXAMINER

Alex Chandler ACA, Sygma Chartered Accountants, 1 Sopwith Crescent, Wickford, Essex, SS11 8YU

12 The Community of Interbeing UK Annual Report and Financial Statements 2020

Annual Report of the Trustees of the Community of Interbeing UK for the year ended 31 December 2020

1 Factual Information

1.1 Structure

The Community of Interbeing UK is a company limited by guarantee (company number 4623280) and a registered charity (Charity number 1096680). The Charity also uses the working name “Plum Village UK”.

1.2 Objects

The Objects of the Community of Interbeing are:

a) To advance, support and encourage the study and practice of Buddhism and mindful living in accordance with the teachings of meditation master Thich Nhat Hanh, in the UK and overseas, in keeping with the Five Mindfulness Trainings.

b) To assist and encourage the formation and activities of regional and local groups having this common purpose.

1.3 Governance

The Charity is managed by a Committee of Trustees. The trustees are also the directors of the Charity for the purposes of the Companies Act. All trustees are required to be members of the Community of Interbeing who have taken the Five Mindfulness Trainings. Trustees are recruited on the basis of skills needs identified by the Board of Trustees. A variety of methods is used to identify suitable candidates. Trustees are elected by the members of the Charity at the Annual General Meeting. Each year one third of the Trustees retire by rotation. The Committee of Trustees has the power to co-opt members during the year but these members must stand for election at the next Annual General Meeting. Trustees are given an induction pack on joining the Committee and are encouraged to identify gaps in their knowledge, which are then addressed by briefings or other training delivered to some or all of the trustees as appropriate.

1.4 Management

The Committee of Trustees currently comprises 5 members and meets formally in person or via videoconference call every month. Members of the Committee individually or in small groups also act to take forward the Charity’s plans assisted by other volunteers. Trustees serving since the last annual report have been:

Ms L Beth (appointed 15 February 2020, elected 19 September 2020) Mr P Croton (appointed 17 April 2020, elected 19 September 2020) Dr J Edwards (Treasurer, appointed 6 January 2014, elected 24 May 2014, re-elected 29 September 2018) Mr K Place (appointed 12 June 2020, elected 19 September 2020)

Mr E Ruseler (appointed 19 May 2018, elected 29 September 2018, resigned 19 September 2020) Ms A Searle (appointed 30 August 2018, elected 29 September 2018, re-elected 19 September 2020) Mr G Williams (appointed 19 May 2018, elected 29 September 2018, resigned 19 September 2020)

The appointed Company Secretary is Ms Isabelle Wen. In addition to the Trustees and Dharma Teachers, key volunteers included Br Yonten (Dharmabites), Ann Irving (bursaries management), Nan Dower (Cottage Treasurer), Karen Boreham (Vietnam dana fund), Sarah Sweet ("Mindfulness Bell" subscriptions) and Ian Parker (publication sales). The Charity purchases the services of a number of individuals to fulfil administrative, technical and management roles. During 2020 these have included the services of Lauri Bower (BCBH course management), Kesley Cage (admin and events management), Karin van Maanen and Kasia Stepien (admin and communications), Juliet Lynn (accounting services) and Trang Nguyen (Being Peace UK Practice Centre project management).

2 Review of Activities

The review of activities is set out in the 2020 Annual Review earlier in this report.

3 Financial Review

Total income for the year was £278,040, a 9% increase compared to 2019 (£254,669). Membership subscriptions and donations received during the year totalled £248,781, a 120% increase compared to 2018 (£112,896). This increase can be attributed to a number of factors, most notably to a massive response by our members and supporters for the appeal to support the Plum Village monastics during the pandemic and a number of large one-off donations for specific Plum Village projects in France. Income from retreats and courses was down 80% compared to 2019 as our activities moved online during the pandemic We are grateful to all those who support the Community of

The Community of Interbeing UK Annual Report and Financial Statements 2020 13

Interbeing/Plum Village UK through membership, donations, volunteering, attending our events and buying from our book service. It's your support that allows us to continue our work to spread the Plum Village practice and Thây’s teachings throughout the UK.

Total expenditure for the year was £255,103, a 75% increase over 2019 (£146,130). Accumulated donations from our members and supporters amounting to £65,000 were sent to Plum Village to support the monastics through the pandemic and £21,350 for humanitarian relief in Vietnam. Expenditure associated with retreats and courses was down 72% compared to 2019 as our activities moved online during the pandemic. The Charity further financially supported the Outreach project work managed and facilitated by Dene Donalds.

The financial review can give only a limited idea of the activities of the Charity. This is because so much of our work cannot be measured in monetary terms. A deep bow of gratitude is due to all those volunteers who do so much to make our activities a reality.

The Community of Interbeing owns freehold premises (fixed assets) occupied by the Charity as a retreat practice centre (the Being Peace Cottage in Devon) valued at £227,569. No formal re-valuation of this property has been obtained since this would incur expense out of proportion to its benefit.

4 Risk Management

The major risks to which the Charity is exposed, as identified by the trustees, have been reviewed during the year and the trustees are satisfied that systems have been established to mitigate those risks.

The Charity has in place a Child Protection Policy which is reviewed annually. A Safeguarding Policy covering children and vulnerable adults is currently under preparation by the Trustees.

5 Format of Financial Statements

The report and accounts have been prepared in accordance with the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008.

6 Trustees’ Responsibilities in relation to the Financial Statements

Legal regulations require the trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities for the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Committee of Trustees and signed on their behalf by

Dr J Edwards Trustee and Director

29 September 2021

14 The Community of Interbeing UK Annual Report and Financial Statements 2020

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
From generated funds
Donations
Activities for generating funds
Merchandise sales
Interest
Educational events and publications
2
Other
Educational events & publications
3
Donations, bursaries and expenses
Administrative costs
4
Governance costs
5
Net incoming/outgoing resources
Balance brought forward at 1 January
Balance carried forward at 31 December
RECONCILIATION OF FUNDS
before transfers
Transfers
Net movement of funds
Investment income:
From charitable activities
Total incoming resources
EXPENDED RESOURCES
Costs of generating voluntary income
Marketing & Communications
Cost of charitable activities
Total resources expended
Subscriptions
INCOMING RESOURCES
Voluntary income:
Unrestricted Restricted
Total
Total
funds
funds
2020
2019
28,507
-
28,507
12,943
4,786
215,488
220,274
99,953
15
-
15
18
253
174
427
811
-
28,817
28,817
140,944
-
-
-
-
62,378
215,662
278,040
254,669
14,626
-
14,626
3,011
-
29,486
2,899
32,385
117,285
1,153
194,500
195,653
21,007
11,946
11,946
3,383
493
-
493
1,444
57,704
197,399
255,103
146,130
4,674
18,263
22,937
108,539
-
-
-
-
4,674
18,263
22,937
108,539
384,012
248,383
632,395
523,856
388,686
£
266,646
£
655,332
£
632,395
£

The Accounting Policies and the Notes on pages 16 to 20 form part of these Accounts.

The Community of Interbeing UK Annual Report and Financial Statements 2020 15

BALANCE SHEET AT 31 DECEMBER 2020

Unrestricted Restricted Total Total
Notes funds funds
2020 2019
TANGIBLE FIXED ASSETS 6 227,569 - 227,569 227,569
CURRENT ASSETS
Stock of publications 2,370 - 2,370 2,547
Debtors 7 13,141 65,294 78,435 47,851
Cash at bank and in hand 149,460 201,351 350,811 357,340
164,971 266,645 431,616 407,738
CURRENT LIABILITIES
Amounts falling due within
one year 8 3,852 - 3,852 2,912
NET CURRENT ASSETS 161,119 266,645 427,764 404,826
NET ASSETS £388,688 £266,645 £655,333 £632,395
Represented by:
FUNDS
Unrestricted 388,688 - 388,688 384,013
Restricted 11 - 266,645 266,645 248,382
TOTAL FUNDS £388,688 £266,645 £655,333 £632,395

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

Approved by the trustees on 29 September 2021 and signed on their behalf by:

Dr J Edwards (Trustee and Director)

The Accounting Policies and the Notes on pages 16 to 20 form part of these Accounts

16 The Community of Interbeing UK Annual Report and Financial Statements 2020

Notes to the Financial Statements for the year ended 31 December 2020

1. Accounting Policies

(a) Basis of preparation

These financial statements have been drawn up under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ published in March 2005, applicable UK accounting standards, and the Companies Act 2006.

(b) Company status

The Charity is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member.

(c) Fund accounting

The Charity has two types of funds, unrestricted, and restricted. The unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by the providers of the funds.

(d) Recognition of Income

Donations, and other forms of voluntary income are dealt with when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Membership subscriptions are due on 1 January each year and are recognised as received. Sales of publications and income from retreats are dealt with on an accruals basis. Gift Aid receivable is included in the category of income to which it relates. No amounts are included in the financial statements for services donated by volunteers.

(e) Recognition of Expenditure

Expenditure is recognised when a liability is incurred. Expenditure on future retreats is deferred until the retreat takes place.

(f) Depreciation

No depreciation is provided on freehold premises since this would be immaterial having regard to the length of the useful economic life of the property. Depreciation of equipment is provided on cost at the rate of 25% per annum.

(g) Assets

Fixed assets are stated at cost less depreciation. Stock of publications is stated at the lower of cost and realisable value. Debtors are stated at the amount expected to be recoverable.

2. Income from educational events and publications

2. Income from educational events and publications
Retreats, courses and Being Peace Cottage income
Income from organising major retreat
Sale of publications & bells
2020
2019
20,404
67,698
-
61,841
8,413
11,405
28,817
£
140,944
£

3. Expenditure on educational events and publications

Retreat, Courses and Being Peace Cottage expenditure
Books, other publications & bells
2020
2019
24,447
109,047
7,938
8,238
32,385
£
117,285
£

The Community of Interbeing UK Annual Report and Financial Statements 2020 17

Notes to the Financial Statements for the year ended 31 December 2020 (continued)

4. Admininstration costs

4. Admininstration costs
Bookkeeping and accountancy
Insurance
Website, Zoom and other IT costs
Bank charges & other administrative costs
Project cost salary
2020
2019
6,333
-
1,338
1,289
3,519
1,700
756
394
-
-
11,946
£
3,383
£

The Charity employed no staff during 2020. The work of the Charity is predominantly carried out by volunteers and by the purchase of services from a number of individuals. These expenses are included under expenditure on educational events and publications (Note 3) and administrative costs (Note 4).

5. Governance

Room hire
Independent examination and statutory costs
Trustees' meeting travel expenses
2020
2019
-
374
493
644
-
426
493
£
1,444
£

No Trustees (2019: 2) received reimbursement of their travelling expenses totalling £0 (2019: £426) in relation to their role as trustee.

6. Fixed assets

Cost:
As at 1 January 2020
Additions
Disposals
As at 31 December 2020
Depreciation
As at 1 January 2020
Charge for the year
Disposals
As at 31 December 2020
Net book value
At 31 December 2020
At 1 January 2020
Freehold Equipment
Total
premises
£
£
£
227,569
-
227,569
-
-
-
-
-
-
227,569
-
227,569
-
-
-
-
-
-
-
-
-
-
-
-
227,569
-
227,569
227,569
-
227,569

The freehold premises are occupied by the Charity as a retreat practice centre. No formal valuation has been obtained since this would incur expense out of proportion to its benefit.

18 The Community of Interbeing UK Annual Report and Financial Statements 2020

Notes to the Financial Statements for the year ended 31 December 2020 (continued)

7. Debtors
Other debtors
Prepayments
8. Liabilities: Amounts falling due within one year
Loans
Deposits received for Retreats in 2021
Accruals
2020
2019
78,435
47,851
-
-
78,435
£
47,851
£
2020
2019
-
-
-
-
3,852
2,912
3,852
£
2,912
£

9. Reserves adequacy

Much of the Unrestricted fund represents fixed and working assets required by the Charity to carry on its day to day work. The remainder of the Unrestricted fund comprises cash at bank. For the Charity to function successfully, it must maintain an adequate level of Unrestricted reserves that can be used to finance the Charity’s day to day operations and provide a precautionary reserve in case of fluctuations in the future level of income. The Trustees consider it appropriate that the level of precautionary reserve should be of the order of twelve months’ expected future expenditure plus an allowance for property maintenance. At 31 December 2020, the Charity’s bank balances were in excess of £50,000 above this level. The Trustees are satisfied that this situation is satisfactory having regard to the expected pattern of expenditure over the next few years especially the set up costs of future major events and the acquisition of new practice centres.

10. Statutory and general information

This note contains information required to comply with statutory and technical accounting pronouncements:

(i) In relation to the statement of financial activities

None of the Charity’s activities was acquired or discontinued during the current or previous years. Accordingly all of the Charity’s results relate to continuing operations.

As the Charity is a company limited by guarantee, it is required to present an income and expenditure account in its financial statements. The Charity’s Statement of Financial Activities includes all matters that would require inclusion in an income and expenditure account and hence no separate income and expenditure account is presented.

Because the Charity has no gains and losses not disclosed in the Statement of Financial Activities, a statement of total recognised gains and losses for the year has not been presented as this would be the same as the Statement of Financial Activities.

No taxation is payable as the Society is a registered Charity and accordingly is entitled to exemption from taxation on its charitable activities.

(ii) Balance sheet

There are no pension or other contingencies at 31 December 2020 and 2019.

The Community of Interbeing UK Annual Report and Financial Statements 2020 19

Notes to the Financial Statements for the year ended 31 December 2020 (continued)

11. Restricted funds

Balance at 01 January 2020
Received during year
Donations
Other income
Interest
Applied during the year
Transfer
Balance at 31 December 2020
Comprising
Debtors (GiftAid)
Creditors
Cash
Prior year comparison:
Balance at 01 January 2019
Received during year
Donations
Other income
Interest
Applied during the year
Transfer
Balance at 31 December 2019
Comprising
Debtors (GiftAid)
Creditors
Cash
UK Action
Fund for
PV
Vietnam
Dana
Practice
Centre
Fund
Wake Up
Fund
Total
£
£
£
£
£
40,887
21,044
165,072
21,379
248,382
-
189,514
7,920
18,054
-
215,488
-
-
-
-
-
-
-
174
-
174
230,401
28,964
183,300
21,379
464,044
(167,023)
(21,422)
(6,055)
(2,899) (197,399)
-
-
-
-
-
£63,378
£7,542£177,245
£18,480 £266,645
41,900
3,794
19,600
-
65,294
-
-
-
-
-
21,478
3,748
157,645
18,480
201,351
£63,378
£7,542£177,245
£18,480 £266,645
£
£
£
£
£
28,101
18,310
102,331
1,514
150,256
-
32,766
2,734
62,554
129
98,183
-
-
-
28,373
28,373
-
-
614
-
614
60,867
21,044
165,499
30,016
277,426
(19,980)
-
(427)
(8,637)
(29,044)
-
-
-
-
-
£40,887
£21,044£165,072
£21,379 £248,382
13,150
3,594
18,940
-
35,684
-
-
-
-
-
27,737
17,450
146,132
21,379
212,698
£40,887
£21,044£165,072
£21,379 £248,382

The Thich Nhat Hanh UK Action Fund (formerly called the Thich Nhat Hanh Continuation Fund) raises money to promote Thây’s teachings internationally and in the UK.

The Vietnam Dana Fund comprises donations given to support Plum Village’s “Hungry Children” programme which offers material and spiritual support to hundreds of communities in the poorest areas of Vietnam where education, development, social services and relief work are in great need to ensure healthy and happy lives for all. The donations received are paid to Plum Village to be spent in Vietnam in the way Plum Village considers best to meet current needs.

20 The Community of Interbeing UK Annual Report and Financial Statements 2020

Notes to the Financial Statements for the year ended 31 December 2020 (continued)

The UK Action Fund for Plum Village (PV) comprises donations given to support the monastic community in Plum Village, France and the European Institute of Applied Buddhism (EIAB) in Germany.

The Practice Centre Fund collects donations to finance the acquisition of practice centres for the UK Sangha.

The Wake Up Fund is for donations to support Wake Up, which promotes Thây’s teachings for young people.

The Community of Interbeing UK Annual Report and Financial Statements 2020 21

Independent Examiner’s Report

To the trustees on the unaudited accounts of the Community of Interbeing UK;

I report on the accounts of The Community of Interbeing UK for the year ended 31 December 2020, which are set out on pages 14 to 20.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The 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. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Alex Chandler ACA Sygma Chartered Accountants

1 Sopwith Crescent, Wickford, Essex, SS11 8YU 15 November 2021