OpenCharities

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

2023-04-30-accounts

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

Registered Number 04192235

MENAGERIE THEATRE COMPANY

A COMPANY LIMITED BY GUARANTEE AND A REGISTERED CHARITY

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

Page
Information 1
Trustees' report 2 - 4
Independent Examiner's Report to the Trustees 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the financial statements 8-11

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY INFORMATION FOR THE YEAR ENDED 30 APRIL 2023

Company Number 04192235
Charity Number 1105090
Principal Office: Cambridge Junction
Clifton Way
Cambridge
CB1 7GX
Independent Examiner: Stuart Berriman
Chater Allan LLP
7 Quy Court
Colliers Lane
Stow-Cum-Quy
CB25 9AU
Bankers: Natwest
37 Fitzroy Street
Cambridge
CB1 1EU

1

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023

The Charity Trustees of Menagerie Theatre Company, who are also the directors for the purposes of company law, present their annual report together with the financial statements for the year ended 30 April 2023.

The registered name of the entity is Menagerie Theatre Company. It is also known as 'Menagerie' and/or 'Menagerie Theatre'.

The trustees serving during the year and since the year end were as follows:

Mr J. Barlow Dr R. Myers Ms K Blayney

Company Secretary: Mr P. Bourne

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Menagerie Theatre Company is a company limited by guarantee governed by it Memorandum and Articles of Association dated 2nd April 2001. It is a registered charity with the Charity Commission.

Trustee Recruitment & Training

Trustees are appointed by the Trustees, with the Chairman of Trustees being responsible for the induction and training of new Trustees. An induction package is prepared for any new Trustee to include the following: Copy of the Memorandum & Articles of Association, Minutes from the last Board meeting, most recent Annual Report & Accounts, copies of recent publicity and other appropriate material. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisation

The board of trustees administers the charity. The board meets bi-monthly and there are sub-committees covering strategy, finance, marketing and stakeholder relations which meet as necessary. An Artistic Director is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations, the Artistic Director has delegated authority, within terms of delegation approved by the trustees, for the operational matters including finance, employment and artistic performance related activity.

OBJECTIVES & ACTIVITIES

The charity’s key objective, as set out in The Memorandum & Articles of Association is to advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama. In pursuit of this objective, the charity has engaged in the activities outlined:

NEW WRITING DEVELOPMENT

A production of BLISS by Fraser Grace (London)

A production of Bloominauschwitz by Richard Fredman (Dublin)

Touring production of I Am Dram by Hannah Maxwell (Norway)

Publishing of the playscript BLISS

Development of the production Toy Stories by Chris Dobrowolski

YOUNG WRITERS PROGRAMME

We delivered a writer development programme for 8 writers. Workshops had professional tutors who helped guide writers to public performances of their plays with professional actors at Hotbed. The tutors were James McDermott, Hannah Maxwell, Ed Harris and April De Angelis.

2

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023

HOTBED FESTIVAL 15-17 July 2022

The festival of new writing at the Cambridge Junction included:

COMMUNITY PROJECTS

Worked with CCA (Cambridge Community Arts) working with people with mental health challenges on theatre skills and performance “Acting Up”.

THE IDEAS STAGE

The Ideas Stage continued with initiatives from Menagerie to develop creative partnerships with universities that use theatre to explore the scientific, historical, political and cultural ideas which shape our world.

In this period we continued to work with UCL London on PHD journey choices workshops and we worked with The Darwin Correspondence project to bring archives to life.

WRITER DEVELOPMENT

We worked closely with dozens of playwrights (and young playwrights) throughout the year offering mentoring, dramaturgy and opportunities to see and promote their work through feedback and support.

We also continued with a script reading service for playwrights wanting critical feedback on their work in progress, also involving local audiences through public readings and discussion sessions.

CORPORATE AND EDUCATION WORK

We worked with The University of Cambridge presenting education and theatre workshops for businesses and ran a programme supporting Faculty Development as well as development projects with UCL.

Overview

Through our programme of productions, readings and education work, we:

GRANT SUPPORT

We acknowledge:

3

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023

RESERVES POLICY AND GOING CONCERN

The trustees aim to develop and maintain a level of reserves (that is those funds that are freely available) which enables the charity to bridge the funding gaps between spending on productions and events and receiving resources that provide funding. This year we ended with a good level of reserves. We have identified the only commitments each month to be rent (£77) which can be cancelled with one month's notice. All other monies are paid and agreed on a project by project basis. The budgeted income and expenditure going forward is sufficient with the level of reserves for the charity to be able to continue as a going concern. As at 30 April 2023 free reserves stood at £18,663.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees are responsible for preparing the Report of Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

In preparing those financial statements, the Trustees are required to: (i)select suitable accounting policies and then apply them consistently;

(ii) observe the methods and principals in the Charities SORP;

(iii)make sound judgements and estimates that are reasonable and prudent;

(iv)state whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements .

(v)prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time, the financial position of the Trust and enables them to ensure that the financial statements comply with the Companies Act 2006.

The Trustees 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 order of the Trustees on 25 January 2024 and signed on its behalf by:

J Barlow Director and Trustee

4

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023

I report to the charity trustees on my examination of the accounts of the company for the year ended 30 April 2023 which are set out on pages 6 to 11.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity trustees of the company (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 the company 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 company’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

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 that in any material respect:

  1. accounting records were not kept in respect of the company 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.

Stuart Berriman (Independent Examiner) Chater Allan LLP 7 Quy Court Colliers Lane Stow-Cum-Quy CB25 9AU

Date: 26 January 2024

5

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023

Note
Income from:
Statutory fund and grants
6
Charitable Activities
7
Interest
Total Income
Expenditure on:
Charitable Activities
8
Total Expenditure
Net Income / (Expenditure) for the year
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Funds
Funds
2023
£
£
£
-
26,964
26,964
55,359
-
55,359
139
-
139
55,498
26,964
82,462
71,974
53,646
125,620
71,974
53,646
125,620
(16,476)
(26,682)
(43,158)
(2)
2
-
(16,478)
(26,680)
(43,158)
35,141
29,707
64,848
18,663
3,027
21,690		 Total
2022
£
77,772
12,829
5
90,606
99,161
99,161
(8,555)
-
(8,555)
73,403
64,848

Income and expenditure is derived solely from continuing operations.

6

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY (Registration number: 10145977) BALANCE SHEET AS AT YEAR ENDED 30 APRIL 2023

Note
FIXED ASSETS
Tangible Assets
2
CURRENT ASSETS
Debtors
3
Cash at bank and in hand
CURRENT LIABILITIES
Creditors due within one year
4
NET TOTAL ASSETS
The funds of the charity:
Unrestricted funds
5
Restricted funds
5
9		 £
£
-
5,079
17,711
22,790
1,100
21,690
18,663
3,027
21,690
2023		 £
£
376
8,295
58,277
66,572
2,100
64,848
35,141
29,707
64,848
2022		 £
£
376
8,295
58,277
66,572
2,100
64,848
35,141
29,707
64,848
2022
22,790
1,100		 66,572
2,100
64,848
35,141
29,707
64,848

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

Approved by the board on 25 January 2024 and signed on its behalf by:

J Barlow Director

7

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

1 STATEMENT OF ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102. "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Statement of Recommended Practice Accounting and Reporting by Charities FRS 102 (2019). Menagerie Theatre Company meets the definition of a public benefit entity under FRS 102.

b) Going Concern Basis

The Trustees have considered the financial position of the charity and believe it is well place to manage its financial risks successfully. The Trustees have considered the impact of COVID-19 and even though there are uncertainties and challenges ahead believe there will not be a material adverse impact on the charity's ability to continue to operate. The Trustees consider that the going concern basis is appropriate as the expected income is sufficent that reserve levels ensure the Trustees can meet their financial obligations for the next 12 to 18 months and on that basis the charity is a going concern.

c) Recognition of liabilities

Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice, Accounting and Reporting by charities, issued in 2019 (SORP 2019 FRS 102 version)

d) Income

Grant income is accounted for in the period to which the grant applies or the period in which the production it was donated to takes place.

Sponsorship and box office income is accounted for in the period in which the production takes place.

e) Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged aa an expense against the activity for which expenditure arose.

f) Funds structure policy

The charity maintains a general unrestricted fund which represents funds that are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

g) Volunteers and donated services

The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contribution made by volunteers can be found in the trustees' annual report. Where services are provided to the charity as a donation that would normally be purchased from our suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.

h) Foreign Currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

i) Tangible fixed assets

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

Computer equipment - 33% on cost

8

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

2 Tangible fixed assets

Tangible fixed assets
Cost
At 1 May 2022
Addition
At 30 April 2023
Depreciation
At 1 May 2022
Charge for year
At 30 April 2023
Net book value
At 30 April 2023
At 30 April 2022
3 Debtors
Other debtors
4 Creditors: amounts falling due within one year
Accrued expenses
Trade creditor
5 Statement of funds
At 1 May
2022
£
General Reserves
35,141
Total Unrestricted Funds
35,141
Restricted funds
Abbey People Community Group
-
Bliss 2 - Arts Council England
9,518
Bliss
5,000
Bloom
591
Hotbed
-
Cambridge Community Arts
14,598
Toystories
-
University of Oxford
-
Total restricted funds
29,707
Total Funds
64,848
6 Income
Statutory funding and grants
Arts Council England
Cambridgeshire Community Foundation
Golsoncott Foundation
The Leche Trust
Maria Bjornson memorial fund
James Joyce Centre
Vanessa Ackerman
National Lottery Community Fund
University of Oxford		 Income
£
55,498
55,498
-
1,500
-
-
22,437
-
600
2,427
26,964
82,462
2023
Unrestricted
Funds
£
-
-
-
-
-
-
-
-
-
-		 Expenditure
£
71,974
71,974
-
11,020
5,000
591
22,437
14,598
-
-
53,646
125,620
2023
Restricted
Funds
£
23,937
-
-
-
-
600
-
-
2,427
26,964		 Computer
Equipment
£
1,529
-
1,529
1,153
376
1,529
-
376
2023
£
5,079
2023
£
1,100
-
1,100
Transfers
£
(2)
(2)
-
2
-
-
-
-
-
-
2
-
2023
Total
£
23,937
-
-
-
-
600
-
-
2,427
26,964		 Totals
£
1,529
-
1,529
1,153
376
1,529
-
376
2022
£
8,295
2022
£
2,100
-
2,100
At 30 April
2023
£
18,663
18,663
-
-
-
-
-
-
600
2,427
3,027
21,690
2022
Total
£
49,025
5,000
1,000
2,000
2,000
1,649
7,500
9,598
-
77,772

9

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

7 Charitable activity income
Workshop, Project & Training fees
Performance fees
8 Resources Expended
Workshop facilitators
Writers/Directors
Performers
Freelance administrators
Technical staff
Designer writers & prodn
Direct Production
General admin costs
Company performance fees
Marketing, PR & design
Rent
Subsistence, Travel & Accommodation
Support costs - administration
Accountancy
Van Costs
Insurance
Bank Charges
Tickets/Scripts
Other
Depreciation		 2023
Unrestricted
Funds
£
55,359
-
55,359
2023
Unrestricted
Funds
£
17,255
10,475
11,125
11,620
3,470.00
250
1,873.56
391
-
5,216
5,758
-
-
1,620
1,315
660
123
67
379
376
71,974		 2023
Restricted
Funds
£
-
-
-
2023
Restricted
Funds
£
2,770
3,960
15,615
5,960
3,029
3,750
819
-
4,952
1,628
9,181
-
-
-
-
-
-
366
1,617
-
53,646		 2023
Total
£
55,359
-
55,359
2023
Total
£
20,025
14,435
26,740
17,580
6,499
4,000
2,692
391
4,952
6,844
14,939
-
-
1,620
1,315
660
123
432
1,996
376
125,620		 2022
Total
£
10,801
2,028
12,829
2022
Total
£
3,600
9,000
16,600
32,800
7,702
3,150
1,421
684
2,125
4,141
9,450
4,074
688
1,370
1,044
660
141
-
-
510
99,161

The charity had no employees during the current or previous year.

9 Funds

At May 2022
Surplus/(Deficit)
Transfer
At 30 April 2023		 2023
Unrestricted
£
35,141
(16,476)
(2)
18,663		 2023
Restricted
£
29,707
(26,682)
2
3,027		 2023
Total
64,848
(43,158)
-
21,690

10 Transaction with trustees

There were no remuneration transactions during the year (2022- £NIL)

11 Status of the company

The company is limited by guarantee and does not have a share capital.

The liability of the members of the company is limited. Every member of the company undertakes to contribute to the assets of the company, in the event of the same being wound up while he or she is a member, or within one year of ceasing to be a member, for payment of the debts and liabilities of the company contracted before ceasing to be a member, and of the costs, charges and expenses of winding up, and for and for the adjustment of the rights of contributories among themselves, such amount as may be required not exceeding one pound. At the balance sheet date the company had 4 members.

10

DocuSign Envelope ID: C03BACE9-9EC5-46BE-A381-13629CC01160

MENAGERIE THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

12 Comparative Statement of Financial Activities

Income from:
Statutory fund and grants
Charitable Activities
Interest
Total Income
Expenditure on:
Charitable Activities
Total Expenditure
Net Income / (Expenditure) for the year
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Funds
Funds
2022
£
£
£
-
77,772
77,772
12,829
-
12,829
5
-
5
12,834
77,772
90,606
14,234
84,927
99,161
14,234
84,927
99,161
(1,400)
(7,155)
(8,555)
7,000
(7,000)
-
5,600
(14,155)
(8,555)
29,541
43,862
73,403
35,141
29,707
64,848

Income and expenditure is derived solely from continuing operations.

11

Certificate Of Completion

Envelope Id: C03BACE99EC546BEA38113629CC01160 Subject: Complete with DocuSign: 2023 Accounts CS for Charity Commission.pdf Source Envelope: Document Pages: 13 Signatures: 3 Certificate Pages: 5 Initials: 0 AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London

Status: Completed

Envelope Originator: Stuart Berriman Beech House, 4a Newmarket Road Beech House, 4a Newmarket Road Cambridge, Cambridgeshire CB5 8DT stuart.berriman@chaterallan.co.uk IP Address: 95.128.133.58

Record Tracking

Status: Original Holder: Stuart Berriman 06 March 2024 | 09:38 stuart.berriman@chaterallan.co.uk

Location: DocuSign

Signer Events Signature Timestamp James Barlow Sent: 06 March 2024 | 09:41 barlowjnd@gmail.com Viewed: 06 March 2024 | 09:51 Security Level: Email, Account Authentication Signed: 06 March 2024 | 09:51 (None) Signature Adoption: Pre-selected Style Using IP Address: 82.8.131.253 Electronic Record and Signature Disclosure: Accepted: 25 January 2024 | 18:39 ID: 011e16fb-1d5c-4860-9e1a-966244488a76 Stuart Graham Berriman Sent: 06 March 2024 | 09:51 stuart.berriman@chaterallan.co.uk Viewed: 06 March 2024 | 10:01 Partner Signed: 06 March 2024 | 10:01 Chater Allan LLP Signature Adoption: Drawn on Device Security Level: Email, Account Authentication (None) Using IP Address: 81.146.63.71

Electronic Record and Signature Disclosure: Not Offered via DocuSign

In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 06 March 2024
Certified Delivered Security Checked 06 March 2024
Envelope Summary Events Status Timestamps
Signing Complete Security Checked 06 March 2024
Completed Security Checked 06 March 2024
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

Electronic Record and Signature Disclosure created on: 18 March 2020 | 15:04 Parties agreed to: James Barlow

ELECTRONIC RECORD AND SIGNATURE DISCLOSURE

From time to time, Chater Allan LLP (we, us or Company) may be required by law to provide to you certain written notices or disclosures. Described below are the terms and conditions for providing to you such notices and disclosures electronically through the DocuSign system. Please read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to this Electronic Record and Signature Disclosure (ERSD), please confirm your agreement by selecting the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

Getting paper copies

At any time, you may request from us a paper copy of any record provided or made available electronically to you by us. You will have the ability to download and print documents we send to you through the DocuSign system during and immediately after the signing session and, if you elect to create a DocuSign account, you may access the documents for a limited period of time (usually 30 days) after such documents are first sent to you. After such time, if you wish for us to send you paper copies of any such documents from our office to you, you will be charged a $0.00 per-page fee. You may request delivery of such paper copies from us by following the procedure described below.

Withdrawing your consent

If you decide to receive notices and disclosures from us electronically, you may at any time change your mind and tell us that thereafter you want to receive required notices and disclosures only in paper format. How you must inform us of your decision to receive future notices and disclosure in paper format and withdraw your consent to receive notices and disclosures electronically is described below.

Consequences of changing your mind

If you elect to receive required notices and disclosures only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and delivering services to you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back from you your acknowledgment of your receipt of such paper notices or disclosures. Further, you will no longer be able to use the DocuSign system to receive required notices and consents electronically from us or to sign electronically documents from us.

All notices and disclosures will be sent to you electronically

Unless you tell us otherwise in accordance with the procedures described herein, we will provide electronically to you through the DocuSign system all required notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you by the same method and to the same address that you have given us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, please let us know as described below. Please also see the paragraph immediately above that describes the consequences of your electing not to receive delivery of the notices and disclosures electronically from us.

How to contact Chater Allan LLP:

You may contact us to let us know of your changes as to how we may contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to receive notices and disclosures electronically as follows:

To contact us by email send messages to: naomi.hedger@chaterallan.co.uk

To advise Chater Allan LLP of your new email address

To let us know of a change in your email address where we should send notices and disclosures electronically to you, you must send an email message to us at naomi.hedger@chaterallan.co.uk and in the body of such request you must state: your previous email address, your new email address. We do not require any other information from you to change your email address.

If you created a DocuSign account, you may update it with your new email address through your account preferences.

To request paper copies from Chater Allan LLP

To request delivery from us of paper copies of the notices and disclosures previously provided by us to you electronically, you must send us an email to naomi.hedger@chaterallan.co.uk and in the body of such request you must state your email address, full name, mailing address, and telephone number. We will bill you for any fees at that time, if any.

To withdraw your consent with Chater Allan LLP

To inform us that you no longer wish to receive future notices and disclosures in electronic format you may:

i. decline to sign a document from within your signing session, and on the subsequent page, select the check-box indicating you wish to withdraw your consent, or you may;

ii. send us an email to naomi.hedger@chaterallan.co.uk and in the body of such request you must state your email, full name, mailing address, and telephone number. We do not need any other information from you to withdraw consent.. The consequences of your withdrawing consent for online documents will be that transactions may take a longer time to process..

Required hardware and software

The minimum system requirements for using the DocuSign system may change over time. The - - current system requirements are found here: https://support.docusign.com/guides/signer guide signing-system-requirements.

Acknowledging your access and consent to receive and sign documents electronically

To confirm to us that you can access this information electronically, which will be similar to other electronic notices and disclosures that we will provide to you, please confirm that you have read this ERSD, and (i) that you are able to print on paper or electronically save this ERSD for your future reference and access; or (ii) that you are able to email this ERSD to an email address where you will be able to print on paper or save it for your future reference and access. Further, if you consent to receiving notices and disclosures exclusively in electronic format as described herein, then select the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

By selecting the check-box next to ‘I agree to use electronic records and signatures’, you confirm that: