Company No: 05263552
Charity No: 1110646
THE MUSIC MIND SPIRIT TRUST
(a company limited by guarantee)
UNAUDITED REPORT OF THE
DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024
THE MUSIC MIND SPIRIT TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
| Contents | Page |
|---|---|
| Company Information | 2 |
| Report of the Directors | 3 - 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 12 |
| Independent Examiners’ Report | 13 |
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THE MUSIC MIND SPIRIT TRUST
COMPANY INFORMATION FOR THE YEAR ENDED 30 APRIL 2024
DIRECTORS: D. Alldis Prof. P.R. Grob (Resigned 05/10/2024) Prof. N. Osborne Dr. P. Fenwick (Resigned 03/10/2024) Ambassador K.E. Norrman L. Westland CBE H. Vivash (Resigned 18/10/2023) N. Vivash (Appointed 18/10/2023) M. Redfern Prof. A. Pinching (Appointed 03/10/2024) Prof. M. Clark (Appointed 30/10/2024) CHIEF EXECUTIVE: Dr. J.C. Robertson SECRETARY: Dr. J.C. Robertson REGISTERED OFFICE: The Old Farmhouse Hermonger’s Lane Rudgwick West Sussex RH12 3AL REGISTERED COMPANY NUMBER: 05263552 REGISTERED CHARITY NUMBER: 1110646 BANKERS: Barclays Bank Plc. INDEPENDENT EXAMINER: Graham Hunt Kreston Reeves LLP Chartered Accountants Springfield House Springfield Road Horsham West Sussex RH12 2RG
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THE MUSIC MIND SPIRIT TRUST
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 APRIL 2024
The trustees, who are also directors for the purposes of company law, present their report with the financial statements of the company for the year end 30 April 2024.
The financial statements comply with the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard FRS 102 (applicable in the United Kingdom and Republic of Ireland, effective 1 January 2019).
STATUS
The company was incorporated on 19 October 2004 and commenced activities on the same date. It is governed by its memorandum and articles of association amended by special resolution on 5 February 2006.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a charity whose objects are to promote or develop the arts and in particular the art or science of music.
DIRECTORS
The directors during the year under review were:
D. Alldis Prof. P.R. Grob (Resigned 05/10/2024) Prof. N. Osborne Dr. P. Fenwick (Resigned 03/10/2024) Ambassador K.E. Norrman L. Westland CBE H. Vivash (Resigned 18/10/2023) N. Vivash (Appointed 18/10/2023) M. Redfern Prof. A. Pinching (Appointed 03/10/2024) Prof. M. Clark (Appointed 30/10/2024)
CHIEF EXECUTIVE
The Chief Executive during the year under review was:
Dr. J. C. Robertson
CHARITABLE OBJECTS
The objects of the charity are to promote or develop the arts and in particular the art or science of music and research into the same for the public benefit and publish the useful results of any such research and to educate the public in the arts and in particular the art or science of music, whether by promoting public lectures, seminars, workshops, concerts, recitals or otherwise. The charity promotes community cohesion and family values through inter-generational activities for a diverse societal mix, serving economically and socially disadvantaged areas and special needs schools. The charity is the inspiration of Dr. Chika Robertson.
ORGANISATIONAL STRUCTURE
A board of trustees has been assembled to administer the charity. In considering appointments to the board, the trustees try to achieve an appropriate mix and balance of skills. The trustees meet as necessary for the purpose of running the charity and taking all decisions based, where necessary, on advice given. The chief executive of the charity is Dr. Chika Robertson, who is deemed to be key management and is responsible for its day to day management and appointment of trustees, and is also a member.
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THE MUSIC MIND SPIRIT TRUST TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) - CONTINUED FOR THE YEAR ENDED 30 APRIL 2024
REVIEW OF ACTIVITIES AND ACHIEVEMENTS
The charity is continuing to develop its operational structure and projects. Its current focus is on continuing to develop the British Opera Academy (BOA), MMST’s exciting new international opera and vocal training programme, to provide inclusive high-quality public music events and mentorship/training/leadership opportunities for MMST’s Young Artist Musical Ambassadors (YAMA). In collaboration with leading local, regional, national and international artists and partners, including the Royal Academy of Music, the NHS and X-System, MMST’s high-caliber music mentorship and leadership programme nurtures outstanding talent from leading conservatoires and schools, opens new career paths for musicians and creative arts practitioners, and promotes the benefits of music on health and wellbeing for all ages, particularly in care homes and other protected environments. Research is continuing to be conducted in schools and communities (including day centres and care homes) using MMST’s well-established and published ‘SongTrees’ methodology, as devised and tracked by Dr Lyudmila Nurse and Dr Chika Robertson.
‘SongTrees’ is MMST’s intergenerational schools’ and communities’ music experience. Having been trialled successfully in economically and socially disadvantaged regions, special needs schools and culturally diverse areas to instill a sense of community, it continues to facilitate cultural development for children, their families and local communities through its performance and educational work. MMST presented the world premiere of its crossdisciplinary multi-media music and ecology project through leading 'The Green Man Initiative', an exciting new music, ecology and health programme for schools. MMST’s multi-media work has evolved through its recent British Opera Academy performances, incorporating high-quality music, movement, narration and supratitles to facilitate accessibility for its audiences.
MMST provides high-quality musical, medical and scientific research while delivering its engaging concerts, workshops, lectures and other events for the public benefit. Working with internationally renowned experts from Europe and the USA, it is demonstrating with ground-breaking medical evidence the significant impact music can make on our health, wellness and recovery through its innovative studies into music, health & epilepsy and music, identity & memory.
Further details of the charity’s interests and activities can be found at its website www.musicmindspirittrust.com
FINANCIAL REVIEW
A statement of financial activities is shown on page 7. The net income for the period amounted to £24,300 (2023: 7,860)
The charity’s activities to date have been funded by grants and donations from, amongst others, Arts & Business; Arts, Business, Culture & Sport; Arts Council England; Big Lottery Fund; Colet House; Conservatoire Concerts; Department for Education and Skills; Esmee Fairbairn Trust; EU-Brussels; European Cultural Parliament; NHS; Royal Academy of Music; South East Arts and Health Partnership; South East Coast SHA; Wates Foundation; and Lewis Golden; R.G. & E.H. Hill; Bernard Carr; Sean and Claire Kennedy; Jonathan & Sylvia Leiserach; Albert & Jane Leung; Prof Anthony Pinching; Geoff & Fiona Squire; Prof Michael Trimble; as well as substantial amounts of time and funds donated by: Dr. Chika Robertson and several other volunteers including Dominic Alldis, Rosie Brenan & MMST Friends, Allan Glassman, Prof Paul & June Grob, Robert Ashcroft, Dr Peter & Elizabeth Fenwick, Calista Georget, David Lorimer, Dr Lyudmila Nurse, Prof Nigel Osborne, Martin & Kirsten Redfern, Prof Mark Ross Clark, Stewart Prosser, Mary Shek, Hayden & Neena Vivash, Larry & Janie Westland, and Jonathan Willcocks.
The trustees wish to record their gratitude for all the generous support provided.
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THE MUSIC MIND SPIRIT TRUST
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) - CONTINUED FOR THE YEAR ENDED 30 APRIL 2024
The Trust has provided events for organisations and venues including Arts Council England, Art & Mind, Ashridge, Athenaeum Club, BBC, Chichester/Lambeth/Surrey/West Sussex Music Services, Conservatoire Concerts, Cranleigh Arts Centre, Cranleigh/Monmouth/Wellington College Schools, Colet House, Cultural Olympiad, European Cultural Parliament, Fair Saturday Foundation, Green Templeton College Oxford University, Guildford School of Acting - University of Surrey, Kuumba Youth Music, Make Music Day UK, Marylebone Theatre, Music Master and Mistresses Association, Music Mark, National Garden Scheme, NHS, North Music Trust, Petworth Festival, Recovery College Online, Royal Academy of Music, Rubin Museum, School of Economic Science, Scientific Medical Network, Sing-Up, The Study Society, Tapestry, Wellcome Trust and Westminster Synagogue. Funding has also come from additional training activities.
PUBLIC BENEFIT REPORTING
The trustees have had due regard to the Charity Commission guidance on public benefit whilst setting the objects and activities of the charity.
RESERVES
The company has total reserves of £54,176 (2023: 29,876) at 30 April 2024. The reserves are used to contribute to the costs of the charity. The trustees ensure that the charity has sufficient funds in hand to meet all its known liabilities for 3 months of operating expenditure in the current financial year.
MMST’s reserve policy is regularly monitored and reviewed by its Board of Trustees in the light of the changing funding and financial climate and other risks. MMST has established a good track record with funding organisations including the Big Lottery Fund and Arts Council England.
The reserves that we have set aside provide financial stability and the means for the development of our principal activities. We intend to continue to maintain our reserves and use them in the following manner:
1) Developing MMST’s Musical Mentorship Programme, particularly through its Young Artist Musical Ambassadors (YAMA) programme and its newly formed British Opera Academy, focusing on inclusion and diversity.
2) Equipping musicians to work in protected environments within the community, such as in care homes and schools, including special needs schools.
3) Providing and promoting high-quality musical, medical and scientific research (particularly into music & epilepsy and music & dementia) and delivering engaging concerts, workshops, lectures and other events for the public benefit, demonstrating the benefits of music and the arts on health, wellness and recovery.
GOVERNANCE AND INTERNAL CONTROL
Details of the way the charity is governed are set out under organisational structure. Trustee board meetings review the controls operating around the organisation.
RISKS
The board has identified that the major risk facing the charity at present is accessing sufficient funding for essential core costs on an on-going basis. Once this risk has been reduced, it is intended to undertake a formal risk review process. In the meantime, the board continues to monitor risks at each board meeting together with any action taken to mitigate them.
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THE MUSIC MINDSPIRITTRUST TRUSTEES, ANNUAL REPORT{INCLUDING DIREcfoRS' REPORn_ CONTINUED FOR THE YEAR ENDED30 APRIL2024 srATEMENT OF RESPONSIBILrrtES OF DIREOR5 Company law requlres the directors to prepare financial statements for each flnancial year whlch ge a true and fair view of the state of affalr5 of the charitable company and of the incoming resource5 and application of resour5, induding the income and expenditure, of the charitable company for the year. In preparlng these flnancial statements, the directors are required to: select sultable accountlng policles and then appty them conslstentty; make judgments and estimates that are reBnable and prudent; observe the methods and prlnciples in the Charlues SORP and prepare the flnanclal statements on the going concem basls unless it Ls Inappropriate to presume that the charltsble company wlll contlnue In operatlon. The dlrectors are responslble for keeplng proper accounting records whlch d15cknse wlth reasonable accuracy at any tlme the flnancial posltlon of the charitable company and to enable them to ensure that the flnanclal statements comply with the Companies Act 2006. They are also responslble for safeguardlng the assets of the charitable company and hence for tsklng reasonable steps for the prevention and detectlon of fraud and other Irregukrltles. Thls report has been prepared In accordance wh the speclal provlsions of Part 15 of the Companles Act 2006 relatlng to small companles. On behalf of the Board: Ma Dlrector m, Chalr
THE MUSIC MIND SPIRIT TRUST STATEMENT OF FINANCIAL ACTIVITIES (incorporating the income and expenditure account) FOR THE YEAR ENDED 30 APRIL 2024
| Notes Income from: Donations CrArtsCentre Other donations BOA donation Investments Other Income TOTAL INCOME Expenditure on: Charitable activities Fees paid Travelling Meeting and concert costs Office, utilities and administration Marketing and promotion Books and music Depreciation Accountancy fees TOTAL EXPENDITURE Net income/(expenditure) and net movement in funds Total funds brought forward Total funds carried forward Notes 7,8 |
Unrestricted funds £ 7,887 - 2,180 185 135 10,387 1,437 585 8,462 398 - 469 377 2,196 13,924 |
Restricted funds £ - 28,750 - - - 28,750 - - - 142 473 298 - - 913 |
Year to 30 April 2024 Year to 30 April 2023 Total Total £ £ 7,887 1,721 28,750 12,640 2,180 - 185 28 135 - 39,137 14,389 1,437 2,648 585 279 8,462 492 540 1,065 473 200 767 397 377 428 2,196 1,020 14,837 6,529 |
Year to 30 April 2024 Year to 30 April 2023 Total Total £ £ 7,887 1,721 28,750 12,640 2,180 - 185 28 135 - 39,137 14,389 1,437 2,648 585 279 8,462 492 540 1,065 473 200 767 397 377 428 2,196 1,020 14,837 6,529 |
|---|---|---|---|---|
| 14,389 | ||||
| 2,648 279 492 1,065 200 397 428 1,020 |
||||
| 6,529 | ||||
| (3,537) 28,963 25,426 |
27,837 913 28,750 |
24,300 29,876 54,176 |
7,860 22,016 |
|
| 29,876 |
All income and expenditure derive from continuing activities.
The Trust has no recognised gains or losses for the year other than the results above.
The notes on pages 9 to 12 form part of these financial statements.
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THE MUSIC MIND SPIRrr TRUST BALANCE SHEET AS AT 30 APRIL 2024 Registered Company No: 05263552 At 30 Aprll 2024 At 30 Aprll 2023 Fixed assets Tangible fixed assets 291 Current assets Cash at bank Other debtors- Glft Aid 50.901 5,000 25,108 55,901 30,108 cred1. amounts talllng due wlthln one year Accruals and deferred Income 2,016 900 2,016 9C() Net current assets 53.885 29,208 Net aS8ets 54,176 29,876 Represented by: Restricted furbts Unrestricted funds - general 28,750 25,426 913 28,963 54,176 29,876 The company Is entitled to exemptlon from audr( under Sectlon 477 of the Companies Act 2006 for the year ended 30 Aprll 2024. The members have not requlred the company to obtain an audit of Its finandal statements In accordantr wlth Sedion 476 of this Act. The directors acknowledge their responslbilities for complying with the requirements of the Companies Act 2c6 with re5ped to accounting records and the preparation of the finanoal statements. The finanoal statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies, regime and in accordance with the FRS 102. Approved and authori5ed for Issue by the board on L3 2.02J and signed on its behalf by: Ir¢ Martin fern, Chalr Dlrector The notes on pages 9 to 12 form part of these financial statements.
THE MUSIC MIND SPIRIT TRUST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
1. General information
The Music Mind Spirit Trust is a Company limited by guarantee incorporated in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office is given in the charity information on page 2 of these financial statements. The nature of the charity's operations and principal activities is disclosed in the Trustees’ report starting on page 3.
2. Accounting policies
Accounting convention
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements. The financial statements are presented in sterling which is the functional currency of the Trust and are rounded to the nearest £.
Fund accounting
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 those which are to be used in accordance with specific restrictions imposed by donors. The aim and use of each fund is set out in the notes to the financial statements.
Income
All income is accounted for when the charity has entitlement to the funds, there is sufficient certainty that receipt of the income is considered probable and the amount can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. This also includes fees paid for music lessons.
Income from investments is recognised when receivable and the amount can be measured reliably by the charity.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognized once there is a legal or contractual obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Taxation
The charity is eligible for exemption from taxation in respect of its income and gains.
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THE MUSIC MIND SPIRIT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
2. Accounting policies (continued)
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is provided on all tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Computers and office equipment:
Straight line basis over 5 years
Creditors
Creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
3. Staff costs and trustees’ expenses and remuneration
The charity did not employ any staff during the year (2023: Nil). No other trustee or any person connected with the trustees received any remuneration during the year and no expenses were paid to, or reimbursed to, the trustees during the year other than as disclosed in note 9.
4. Tangible fixed assets
| ngible fixed assets | |
|---|---|
| Computers and | |
| office equipment | |
| £ | |
| Cost | |
| At 1 May 2023 | 3,818 |
| Additions | - |
| At 30 April 2024 | 3,818 |
| Depreciation | |
| At 1 May 2023 | 3,150 |
| Charge for the year | 377 |
| At 30 April 2024 | 3,527 |
| Net book value | |
| At 30 April 2024 | 291 |
| At 30 April 2023 | 668 |
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THE MUSIC MIND SPIRIT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
5. Creditors: Amounts falling due within one year
| At Accruals |
30 April 2024 At 30 April 2023 £ £ 2,016 900 |
|---|---|
6. Share capital
The company is limited by guarantee, with each member being a guarantor in the sum of £1.
7. Funds movement – current year
| 1 May 2023 | Income | Expenditure | Transfers | 30 April 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Restricted funds: | |||||
| Wates Foundation Grant | 913 | - | (913) | - | - |
| Music and Epilepsy Research | - | 28,750 | - | 28,750 | |
| Unrestricted funds: | |||||
| General funds | 28,963 | 10,387 | (13,924) | - | 25,426 |
| 29,876 | 39,137 | (14,837) | - | 54,176 |
Funds movement – prior year
| Restricted funds: Wates Foundation Grant Unrestricted funds: General funds |
1 May 2022 £ Income £ Expenditure £ Transfers £ 30 April 2023 £ 1,653 - (740) - 913 20,363 14,389 (5,789) - 28,963 |
|---|---|
| 22,016 14,389 (6,529) - 29,876 |
The Wates Foundation Grant is restricted to expenditure on supporting office costs, particularly any website costs, disclosure and barring fees, or costs to cover work by the SongTrees Programme Manager to develop the SongTrees Programme.
The Music and Epilepsy Research Restricted Fund is restricted to expenditure on research of the effects of music on epilepsy.
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THE MUSIC MIND SPIRIT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
8. Analysis of net assets between funds – current year
| Unrestricted funds Restricted funds £ £ Tangible fixed assets 291 - Cash at bank 22,151 28,750 Other debtors 5,000 - Accruals (2,016) - 25,426 28,750 Analysis of net assets between funds – prior year Unrestricted funds Restricted funds £ £ Tangible fixed assets 668 - Cash at bank 24,195 913 Accruals 5,000 - Deferred Income (900) - 28,963 913 |
Total £ 291 50,901 5,000 (2,016) 54,176 Total £ 688 25,108 5,000 (900) 29,876 |
|---|---|
9. Related party transactions
Dr. J. C. Robertson
Dr. J.C. Robertson, Chief Executive of the Trust, owns and resides in the property from which the trust operates. No rent or utilities were charged to the charity by Dr. J.C. Robertson.
Prof Mark Ross Clark, who was made a director after the year end, provided professional services to the charity. No fees were charged to the charity by Prof Mark Ross Clark.
10. Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts:
| At Independent Examiners Fee and Accounts preparation |
30 April 2024 At 30 April 2023 £ £ 2,196 1,020 |
|---|---|
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THE MUSIC MIND SPIRIT TRUST INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 APRIL 2024
Independent Examiner's Report to the Trustees of Music Mind Spirit Trust (“the company”)
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 April 2024.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company'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 company and the company's Trustees as a body, for my work or for this report.
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 the company’s accounts 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;
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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
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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
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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.
Signed:
Date: 24 January 2025
Graham Hunt Kreston Reeves LLP Chartered Accountants
Springfield House Springfield Road Horsham West Sussex RH12 2RG
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