Company Company Number: Number: 05457452[05457452]
Knitting Knitting & & Crochet Crochet Guild Guild
(a (a company company limited limited by by guarantee) guarantee)
Report Report and and Financial Financial Statements Statements For For the[the] year year ended ended 31[31] March March 2024[2024]
;
| Contents Contents |
Page Page |
|---|---|
| Information Information |
2 2 |
| Trustees' Report Trustees’ Report |
3-5 3-5 |
| Statement of Financial Activities Statement of Financial Activities |
6 6 |
| Balance Sheet Balance Sheet |
7 7 |
| Notes to theAccounts Notes to the Accounts |
8-13 8-13 |
| Independent Examiner's Report IndependentExaminer'sReport |
14 14 |
Knitting Knitting & & Crochet Crochet Guild Guild Charity Charity Information Information For For the[the] year year ended ended 31[31] March March 2024 2024
Company Company Number Number 05457452 05457452
;
Charity Charity Number Number 1113468 1113468 Registered Registered[Office] Office Part Part 1st[[1st]]
Part Part 1st[[1st]] Floor Floor Britannia Britannia Mill Mill Britannia Britannia Road Road Slaithwaite Slaithwaite Huddersfield Huddersfield West West Yorkshire[Yorkshire] HD7 HD7 5HE 5HE
Trustees Trustees (and (and directors)[directors)] serving serving throughout throughout the the year year until until the the[date] date of[of] signing signing
| Office Held Office Held |
Joined the Joined the |
Left the Left the |
|||
|---|---|---|---|---|---|
| Board Board |
Board Board |
||||
| D D |
Chan Chan |
Chair Chair |
- | - | |
| S S |
Foreman Foreman |
- | - | ||
| C C_ |
Griffel Griffel |
Vice Chair Vice Chair |
- | 08/09/2023 08/09/2023 |
|
| D D |
Hopkins Hopkins |
12/10/2023 12/10/2023 |
|||
| N N |
Jane-Fernandez Jane-Fernandez |
Secretary Secretary |
09/11/2023 09/11/2023 |
||
| D D |
Jeans Jeans |
- | - | ||
| A A |
Liguori Liguori |
- | - | ||
| S S |
Manassian Manassian |
14/03/2024 14/03/2024 |
|||
| A A |
peck Peck |
Treasurer Treasurer |
- | - | |
| C C |
Scott Scott |
- | - | ||
| A A |
Thomas Thomas |
- | |||
| Bankers Bankers |
CAF Bank CAF Bank |
||||
| 25 Kings Hill Avenue 25 Kings HillAvenue |
|||||
| Kings Hill Kings Hill |
|||||
| West Malling West Malling |
|||||
| Kent Kent |
|||||
| ME19 4JQ ME19 4JQ |
Independent Independent Examiner Examiner
P. P. A. A. Ryan Ryan MA(Ed), MA(Ed), FCA, FCA, DChA DChA 66 66 Fountain[Fountain] Road Road London London SW17 SW17 OHQ OHQ
2 2
Knitting Knitting & &[Crochet] Crochet Guild Guild Trustees' Trustees’ Annual Annual Report Report For For the the year year ended ended 31[31] March March 2024 2024
The The Trustees, Trustees, who who are are also also the the directors directors[of] of the the charity charity for[for] the the purposes purposes of[of] Company Company Law, Law, present present their their report report and and the the financial financial statements statements for for the the year year ended ended 31 31 March March 2024. 2024.
Structure, Structure, governance governance and and management management The The charity charity is[is] a a company company[limited] limited by[by] guarantee guarantee and and is[is] governed governed by[by] its[its] memorandum memorandum and and articles articles of[of] association. association.[The] The[minimum] minimum[number] number of[of] Trustees Trustees is[is][three;] three; there[there] is[is] no no maximum.[maximum.] The[The] current[current] Trustees[Trustees] feel[feel] that[that]
between between 10 10 and and 12[12] Trustees Trustees is[is] ideal ideal for for efficient efficient working. working. Trustees Trustees are are elected elected at at the the annual annual general general meeting meeting (AGM) (AGM) or or are are appointed appointed by by existing existing Trustees Trustees if[if] a a vacancy vacancy arises arises between between AGMs. AGMs. Details Details[of] of those[those] who[who] served[served] as as Trustees Trustees during[during] the[the] year year and[and] up up to[to] the[the] date[date] of[of][signing] signing this[this] report[report] are are set[set] out[out] on on page page 2.[2.]
Objectives Objectives and and activities activities
The The objects objects of[of] the the charity charity are are the the advancement advancement[of] of public[public] knowledge knowledge and and appreciation appreciation of of the the crafts crafts of of knitting knitting
and and crochet, crochet, particularly particularly but but not not exclusively exclusively through through the the furtherance[furtherance] of[of] skill skill and and creativity creativity in[in] the the said said crafts crafts and and the the preservation preservation of[of] the the heritage heritage of[of] knitting knitting and and crochet. crochet.
The The charity charity aims aims[to] to achieve achieve its[its] objectives objectives by:[by:]
-
e Maintaining Maintaining and and developing developing the the heritage heritage Collection Collection at at Britannia Britannia Mill Mill in in Slaithwaite. Slaithwaite. e Making Making the the Collection Collection available available to[to] the the public[public] and and those those with with an an interest[interest] in[in] knitting knitting and and crochet[crochet] through through open open days,[days,][trunk] trunk shows,[shows,] the[the] website website[ and] and the[the] online[online] catalogue.[catalogue.]
-
e Encouraging Encouraging the[the] establishment establishment of[of] branches branches and[and] local[local] groups. groups. e Regularly Regularly publishing publishing articles, articles, many many written written by by members, members, covering covering topics topics relevant relevant to to our our crafts, crafts, including including techniques techniques and[and][information] information about[about] the[the] Collection.[Collection.]
-
e Publicity Publicity at at a a range range of of craft craft shows shows through through our our members members to to raise raise awareness awareness of of the the Guild, Guild, including including its its unique unique[collection] collection of[of] craft craft related related garments, garments, artefacts,[artefacts,] publications publications and and network network of[of] branches, branches, and and to[to] widen widen skills skills[in] in and and knowledge knowledge of[of] our our crafts. crafts.
-
e Providing Providing a a website website for for members, members, the the wider wider craft craft communities, communities, and and general general Internet Internet users. users. e Holding Holding an an annual annual[residential] residential Convention Convention with with talks[talks] and and workshops. workshops.
Public Public benefit benefit
The The Trustees Trustees have have identified identified their their aims, aims, and and the the activities activities which which support support them, them, with with regard regard to[to] Charity Charity Commission Commission guidance guidance on on Public Public Benefit.[Benefit.] Achievements Achievements and and performance[performance]
The The Guild Guild has has fulfilled fulfilled[its] its purpose purpose[in] in a a variety variety of[of] ways ways during during the the year. year.
-
e The The continued continued publication publication[of] of the the Guild's Guild's quarterly quarterly[journal,] journal,[Slipknot,] Slipknot, with with authoritative authoritative articles articles written written by[by] members members on on techniques,[techniques,][special] special projects,[projects,][and] and news news of[of] the[the] Collection.[Collection.] During[During][the] the past[past] year,[year,] the[the] regular[regular] online online email email newsletter newsletter and and the the online online publication,[publication,] Across Across the the Needlebed Needlebed (specifically (specifically for for machine machine knitters) knitters) continued continued[to] to be be published published regularly. regularly.
-
• e The The Guild's Guild's website website and and its[its] activities activities on on social[social] media media continued continued to[to] raise[raise] awareness awareness[of] of the the Guild.[Guild.] e The The branch branch network, network, where where members members and and others others meet meet regularly regularly to[to] share share and and develop develop their their skills skills and and knowledge, knowledge, has has continued continued to[to] develop develop and and expand. expand. At At the the time time of[of] this this[report,] report, we we have have 50 50 branches branches listed listed on on our our website.[website.]
3 3
Knitting Knitting & & Crochet Crochet Guild Guild Trustees' Trustees’ Annual Annual Report Report For For the the year year ended ended[31] 31 March March 2024 2024
-
e The The Guild Guild has has continued continued to[to] use use Zoom Zoom meetings meetings for[for] some some branch branch meetings meetings to[to] enable enable many many members members of[of] the the[Guild] Guild and and public[public] to[to] attend attend where where personal personal circumstances circumstances make make in[in] person person meetings meetings difficult. difficult. Our Our Articles[Articles] of[of] Association Association empower empower us us to[to] incorporate incorporate online online access access to[to] the the AGM. AGM.
-
e The The Collection Collection team team continue continue cataloguing cataloguing the the items items at[at] Britannia Britannia Mill. Mill. Members Members of[of] the the team team give give talks[talks] by by arrangement, arrangement, trunk trunk shows shows[that] that contain contain items[items] from from the the Collection Collection are are sent sent to[to] branches, branches, and and both both members members and[and] non-members non-members visit visit Britannia[Britannia] Mill[Mill] to[to] view view the the Collection Collection in[in] person. person. The The team team is[is] continuing[continuing] to to digitise digitise the the Collection Collection to to enable enable easier easier access access for for those those interested interested in in studying studying the the objects objects remotely. remotely.
Financial Financial review[review] The The Trustees Trustees are are pleased pleased to[to] report[report] that, that,[in] in spite[spite] of[of] the the difficult difficult financial[financial] conditions conditions affecting[affecting] the the population, population, the the Guild Guild managed managed[to] to finish finish the the year year with with a a surplus surplus on on unrestricted unrestricted funds funds of[of] £15,687 El 5,687 (2023: (2023: £160), El[60),] which which includes includes a a small small legacy. legacy. Subscription Subscription income income has has increased increased by by 6%, 6%, (2023: (2023: 2%) 2%) reflecting reflecting the the increased increased subscription subscription rate rate noted noted below below and and an an increase[increase][in] in membership membership numbers. numbers. At At the the end end of[of] the the[financial] financial year, year, we we had had 1159 1159 members members (1122 (1122 at at the the end end of[of] the the 2023 2023[financial] financial year).[year).] This This trend trend continued continued and and by by July July 2024, 2024, we we had had 1186 1186 members. members. Our Our annual annual subscription subscription was was increased increased from from 1[1] January January 2024 2024 to[to] £28 E28 for for Adult Adult - — UK UK and[and] Adult[Adult] — — Digital Digital members. members. Adult Adult — — Europe Europe and and Adult Adult — — International International members members each each saw saw a a £2 E2 increase. increase. Our Our greatest greatest regular regular expense expense continues continues to[to] be be the the provision provision and and upkeep upkeep of[of] Britannia Britannia Mill Mill together together with with expenditure expenditure on on maintaining maintaining and and recording recording the the Collection Collection itself. itself. The The lease lease at at Britannia Britannia Mill Mill expired expired on on 31 31 January January[2024.] 2024. We We negotiated negotiated a a further further term term at[at] an an increased increased rent rent of[of] £7200 E7200 pa. pa. This This was was for[for] a a period period of[of] 5 5 years years with with a a mutual mutual break break clause clause at at the the 3-year 3-year point. point. This This is is within within our our budget budget and and allows allows for for flexibility, flexibility, should should there there[be] be insufficient insufficient numbers numbers of[of] volunteers volunteers to[to] maintain maintain[the] the Collection. Collection. Members Members of[of] the[the] Collection Collection Team Team indicated indicated their[their] reluctance reluctance[to] to move move to[to] new new premises. premises. Our Our quarterly quarterly[journal,] journal, Slipknot,[Slipknot,] remains remains one one of[of] our our main main areas areas of[of] expenditure. expenditure. As As the the content content and and editing editing of of the the magazine magazine are are provided provided entirely entirely by by volunteers, volunteers,[it] it continues continues to[to] provide provide excellent excellent value value for for money. money. The The Trustees Trustees once once again again acknowledge acknowledge that[that] the the Guild Guild would would be be unable unable to[to] operate operate without without the the goodwill, goodwill, energy energy[and] and enthusiasm enthusiasm of[of] its[its] volunteers,[volunteers,] whose whose commitment[commitment] enables enables the[the] Guild[Guild] to[to] meet meet its[its] objectives.[objectives.] The The Trustees Trustees encourage encourage more more members members to to volunteer volunteer — — even even something something as as simple simple as as spreading spreading the the word word about about the the Guild Guild can can cumulatively cumulatively make make a a huge huge[difference.] difference. Bank Bank and and savings savings accounts accounts have have been been rationalised, rationalised, and and the the Directors Directors have have taken taken advantage advantage of[of] a a highhighinterest interest one-year one-year fixed fixed account account for for our our reserves. reserves.
Policy Policy on on reserves reserves
At At 31 31 March March 2024, 2024, the the Guild Guild had had unrestricted unrestricted funds funds of of £122,128 El 22,128 (2023: (2023: £106,441) El 06,441) of of which which £15,781 El 5,781 (2023: (2023:
El £17,052) 7,052) related related to to fixed[fixed] assets assets and and is is not not readily readily available. available. This This leaves leaves free free funds funds of of £106,347 El 06,347 (2023: (2023: £89,389). €89,389). The The Guild Guild has has a a moral moral obligation obligation to to ensure ensure that that monies monies raised raised by by the the Collection Collection are are used used for for the the
further further development development and and maintenance maintenance[of] of the the Collection.[Collection.] At At 31 31 March March 2024, 2024, these these funds funds amounted amounted to to
El £15,548 5,548 (2023: (2023: £19,348). El 9,348). Funds Funds available available for for general general purposes purposes therefore therefore amount amount to to £91,402 E91 ,402 (2023: (2023:
E71 £71,252). ,252).
In In order order to to discharge discharge our our financial financial responsibility responsibility for for at at least least 3 3 years years at at Britannia Britannia Mill,[Mill,] the the Board Board has has increased increased the[the] reserve reserve bank bank account account[to] to cover cover this[this] and and the[the] cost[cost] of[of] dilapidations, dilapidations, which which will will arise[arise] at[at] the[the] end end of[of] the the lease. lease.
4 4
Knitting Knitting & & Crochet[Crochet] Guild Guild Trustees’ Trustees' Annual Annual Report Report For For the the year year ended ended 31 31 March March 2024 2024
The The Trustees Trustees have have assessed assessed[that] that the the minimum minimum they they require require as as free[free] funds funds is is £45,000 E45,000 to to meet meet the the charity's charity's commitments commitments and and ensure ensure an an orderly orderly winding winding up up of[of] the the Guild Guild should should this this be be necessary. necessary. This This has has increased increased because because committed committed expenditure expenditure has has increased increased (rent, (rent, business business rates, rates, the the cost cost of returning[of] returning Britannia Britannia Mill Mill to to its its original original state). state). They They will will continue continue[to] to explore explore ways ways to to increasing increasing the the level level of[of] funds funds received, received, with with excess excess funds funds being being used used for for the the development development of[of] the the Guild Guild and and its its activities. activities.
Future Future events events Our Our residential[residential] Convention Convention and and AGM AGM will will be be held held at at a a venue venue owned owned and and run run by by the the same same organisation organisation as as used used for[for] the the last last two two years. years. This This time,[time,] Convention Convention is is in[in] Hoddesden, Hoddesden, Hertfordshire. Hertfordshire. The The Trustees Trustees are are careful careful to to make make the the event event as as inclusive inclusive as as possible possible financially financially with with alternative alternative arrangements arrangements for for day day delegates. delegates.
Statement Statement of of Trustees’ Trustees' responsibilities responsibilities The The Trustees Trustees (who (who are are also also Directors Directors of[of] the the Knitting[Knitting] & & Crochet Crochet Guild Guild for for the the purposes purposes of of company company law) law) are are
responsible responsible for for preparing preparing the the Trustees’ Trustees' Report Report and and the the financial financial statements statements in in accordance accordance with with applicable applicable
law law and and United United Kingdom Kingdom Accounting Accounting Standards Standards (United (United Kingdom Kingdom Generally Generally Accepted Accepted Accounting Accounting Practice.) Practice.) The The law law applicable applicable[to] to charities[charities] in[in] England England & & Wales Wales requires requires the the Trustees Trustees to to prepare prepare financial financial statements statements for for
each each financial[financial] year year which which give give a a true[true] and and fair fair view view of[of] the the[state] state of[of] the the affairs affairs of[of] the the charity, charity, and and the the income income
and and expenditure expenditure[of] of the the charity charity for for that[that] period. period. In In preparing preparing these these financial financial statements, statements, the the Trustees Trustees are are required required to:[to:]
-
e — select select suitable suitable accounting accounting policies policies and and then then apply apply them them consistently; consistently; e observe observe[the] the methods[methods] and[and] principles[principles] in[in] the[the] Charities Charities SORP; SORP; e make make judgements judgements and and estimates estimates that[that] are are reasonable reasonable and and prudent; prudent; e — state state whether whether applicable applicable accounting accounting standards standards have have been been followed, followed, subject subject to to any any material material departures departures disclosed disclosed and and explained explained in in the the financial financial statements; statements; and and
-
- prepare prepare[the] the financial[financial] statements[statements] on on the[the][going] going concern concern basis[basis] unless[unless] it[it] is[is] inappropriate inappropriate[to] to presume presume that[that] the the charity charity will will continue continue in[in] business. business.
-
The The Trustees Trustees are are responsible responsible for for keeping keeping proper proper accounting accounting records records that that disclose disclose with with reasonable reasonable accuracy accuracy at at any any time time the the financial financial position position of of the the charity charity and and enable enable them them to to ensure ensure that that the the financial financial statements statements comply comply with with the the Charities Charities Act Act 2011 2011 and and the the provisions provisions of[of] the the Articles[Articles] of[of] Association. Association. They They are are also also responsible responsible for for safeguarding safeguarding the the assets assets of of the the charity charity and and hence hence for for taking taking reasonable reasonable steps steps for for the the prevention prevention and and detection detection of[of] fraud fraud and and other other irregularities. irregularities.
Approved Approved by by the the board board of[of] directors directors and and signed signed on on their their behalf behalf
----- Start of picture text -----
Dia nec Alison Peck
widow oped Alison Peck
Chair Chair Treasurer Treasurer
Date Date
Date S| Date
----- End of picture text -----
5 5
Knitting Knitting & & Crochet Crochet Guild Guild Statement Statement of[of] Financial[Financial] Activities Activities (incorporating (incorporating the[the] income income and and expenditure expenditure account) account) For For the the year year ended ended 31 31 March March 2024 2024
| 2024 2024 |
2023 2023 |
|||||||
|---|---|---|---|---|---|---|---|---|
| Total Total |
Total Total |
|||||||
| Unrestricted Unrestricted |
Restricted Restricted |
Funds Funds |
Unrestricted Unrestricted |
|||||
| Note Note |
£ | £ | £ | £ | ||||
| Income from: Income from: |
||||||||
| Donations Donations |
2 2 |
39,342 39,342 |
200 200 |
39,542 39,542 |
34,631 34,631 |
|||
| Charitableactivities Charitable activities |
2 2 |
22,095 22,095 |
- | 22,095 22,095 |
19,612 19,612 |
|||
| Interest received Interest received |
2 2 |
1,168 1,168 |
- | 1,168 1,168 |
431 431 |
|||
| Total income Total income |
62,605 62,605 |
200 200 |
62,805 62,805 |
54,674 54,674 |
||||
| Expenditure on: Expenditure on: |
||||||||
| Raising funds Raising funds |
3 3 |
- | - | - | 68 68 |
|||
| Charitableactivities Charitable activities |
3 3 |
46,918 46,918 |
590 590 |
47,508 47,508 |
53,439 53,439 |
|||
| Total expenditure Total expenditure |
46,918 46,918 |
590 590 |
47,508 47,508 |
53,507 53,507 |
||||
| Net income and expenditure for Net income and expenditure for |
the year the year |
|||||||
| and net movement in funds and netmovement in funds |
15,687 15,687 |
(390) (390) |
15,297 15,297 |
1,167 1,167 |
||||
| Reconciliation offunds Reconciliation of funds |
||||||||
| Total funds brought forward Total funds brought forward |
106 ,441 106,441 |
1 ,007 1,007 |
107 ,448 107,448 |
104,886 104,886 |
||||
| Total funds carried forward Totalfundscarriedforward |
13 13 |
&14 | 122,128 122,128 |
617 617 |
122,745 122,745 |
106,053 106,053 |
The The statement statement of[of] financial[financial] activities activities includes includes all[all] gains gains and and losses losses recognised recognised in[in] the the year. year.
All All income income and and expenditure expenditure derives derives from from continuing continuing activities. activities.
6 6
Knitting Knitting & & Crochet Crochet Guild Guild Balance Balance Sheet Sheet As As at[at][31] 31 March March[2024] 2024
| Knitting && Crochet Guild Balance Sheet As [at] [31] March [2024] Knitting & Crochet Guild Balance Sheet As at 31 March 2024 |
||||||
|---|---|---|---|---|---|---|
| Note Note |
2024 2024 |
2023 2023 |
||||
| £ | £ | |||||
| Fixed assets Fixed assets |
||||||
| Intangible assets Intangible assets |
7 7 |
- | 333 333 |
|||
| Tangible assets Tangible assets |
8 8 |
2,548 2,548 |
3,670 3,670 |
|||
| Heritage assets Heritage assets |
9 9 |
13,584 13,584 |
13,584 13,584 |
|||
| Total fixed assets Total fixed assets |
16,132 16,132 |
17,587 17,587 |
||||
| Current assets Current assets |
||||||
| Debtors & Prepayments Debtors & Prepayments |
10 10 |
19,725 19,725 |
11,780 11,780 |
|||
| Cash at bank and in hand Cash at bank and in hand |
94,581 94,581 |
78,530 78,530 |
||||
| Total current assets Total current assets |
114,306 114,306 |
90,310 90,310 |
||||
| Liabilities Liabilities |
||||||
| Creditors: amounts falling due within Creditors: amounts falling due within |
||||||
| one year one year |
11 11 |
7,693 7,693 |
449 449 |
|||
| Net current assets Net current assets |
106,613 106,613 |
89,861 89,861 |
||||
| Total assets less current liabilities Total assets less current liabilities |
122,745 122,745 |
107,448 107,448 |
||||
| The funds of the charity: The funds ofthe charity: |
||||||
| Unrestricted funds Unrestricted funds |
13 13 |
122,128 122,128 |
106 ,441 106,441 |
|||
| Restricted funds Restricted funds |
14 14 |
617 617 |
1,007 1,007 |
|||
| 122,745 122,745 |
107,448 107,448 |
The The Trustees Trustees confirm confirm that[that] the the charitable charitable company company is[is] entitled entitled to[to] the the exemption exemption from from audit audit granted granted by by section section 477 477[of] of the the Companies Companies Act Act 2006 2006 and and that:[that:] (a) (a) the the members members have have not not required required the the company company to to obtain obtain an an audit audit of of its its accounts accounts for for the the year year in in question question in[in] accordance accordance with with section section 476, 476, and and (b) (b) the the Trustees Trustees acknowledge acknowledge their their responsibilities responsibilities for for complying complying with with the the requirements requirements of of this this Act Act with with respect respect[to] to accounting accounting records records and and the the preparation preparation of[of] accounts. accounts.
The The[financial] financial statements statements have have been been prepared prepared on on the the basis basis stated stated[in] in note note 1a.[la.]
Signed on behalf[of] the board[of] directors on 2024 Signed on behalf of the board of directors on 6} Prugust 2024
----- Start of picture text -----
=> ~
Dianne Chan Dianne Chan Alison Alison Peck Peck
Chair Chair Treasurer Treasurer
----- End of picture text -----
7 7
Knitting Knitting & & Crochet Crochet Guild Guild Notes Notes to[to] the the accounts accounts For For the[the] year year ended ended[31] 31 March March 2024 2024
- 1 1 Accounting Accounting policies policies
a. a. Basis Basis[of] of preparation preparation
The The financial[financial] statements statements have have been been prepared prepared in[in] accordance accordance with with the the accounting accounting policies[policies] set[set] out out[in] in the the
notes notes to[to] the the accounts accounts and and comply comply with[with] the the charity's charity's governing governing document, document, the the Companies Companies Act Act 2006, 2006, the the Charities Charities[Act] Act[2011,] 2011, and[and] the[the] SORP[SORP] (FRS (FRS 102)[102)] Accounting Accounting and[and] Reporting[Reporting] by[by] Charities:[Charities:] Statement Statement of[of] Recommended Recommended Practice Practice applicable applicable to[to][charities] charities preparing[preparing] their[their] accounts accounts in[in] accordance accordance with[with] the[the] Financial Financial Reporting Reporting Standard Standard (FRS (FRS 102) 102) applicable applicable[in] in the the UK UK and and Republic Republic of[of] Ireland.[Ireland.] The The charity charity is[is] a a company company limited[limited] by[by] guarantee guarantee and and[is] is a a[public] public benefit benefit entity entity as as defined defined by by FRS FRS 102. 102.
b. b. Going Going concern concern
- The The Trustees Trustees have have considered considered the the requirements requirements to[to] comment comment on on the the going going concern concern status status of[of] the the charity charity and and confirm[confirm][that] that resources resources are are sufficient sufficient[to] to continue continue operations operations for for the the foreseeable foreseeable future.[future.]
c. c. Fund Fund accounting accounting General General funds funds are are unrestricted unrestricted funds funds which which are are available available for[for] use use at[at] the the discretion[discretion] of[of] the the Trustees, Trustees, in[in] furtherance furtherance[of] of the the general general objectives objectives of[of] the the charity. charity. Designated Designated[funds] funds are are unrestricted[unrestricted] funds[funds] earmarked[earmarked] by[by] the[the] Trustees Trustees for[for] a a particular[particular] purpose. purpose. Restricted Restricted funds funds are are amounts amounts which which must must only only be be applied applied to[to] the the purpose purpose for[for] which which they they were were given.[given.]
d. d. Income Income
Income Income is[is] recognised recognised in in the the statement statement of of financial financial activities activities (SOFA) (SOFA) when when the the Guild Guild has has entitlement entitlement to to the the funds, funds,[it] it[is] is probable probable that[that] the the income income will will be be received received and and the the amount amount of[of] the the income income and and the the costs costs incurred incurred for for the the transaction transaction can can be[be] measured measured reliably.[reliably.] Subscription Subscription income income is is recognised recognised in in the the financial[financial] year year to to which which it it relates. relates. Legacy Legacy income income is[is] recognised recognised when when the the Guild Guild becomes becomes entitled entitled to[to] a a legacy, legacy, when when its[its] receipt receipt is[is] probable probable and and the the amount amount receivable receivable is[is] measurable measurable either[either] through through probate probate estimates estimates or or receipt. receipt. Income Income received received in[in] advance advance of[of] an an event event or or the the provision provision[of] of goods goods or or services services is is deferred deferred until until the the criteria criteria[for] for income income recognition recognition are are met. met.
e. Expenditure
e. e. Expenditure Expenditure
Expenditure Expenditure is is included included on on an an accruals accruals basis basis and and is is recognised recognised when when there there is is a a legal legal or or constructive constructive obligation. obligation. Expenditure Expenditure includes includes VAT VAT which which is[is] not not recoverable. recoverable.
Costs Costs of[of] raising[raising] funds funds are are those those costs costs incurred incurred in[in] attracting[attracting] income income other other than than that[that] which which relates relates to[to] the the Guild's Guild's objectives. objectives. Costs Costs[of] of charitable charitable activities activities are are costs costs[that] that arise[arise] from from the the pursuance pursuance of[of] the the charitable charitable objectives, objectives, including including the the maintenance maintenance of[of] the the Collection.[Collection.] The The Guild Guild has has adopted adopted the the natural natural classification[classification] of[of] costs costs rather rather than than an an activity activity basis basis by[by] virtue virtue[of] of its[its] small small size. size.
f. f. Leased Leased assets assets Rentals Rentals applicable applicable to to operating operating leases leases are are expensed expensed over over the the life life of[of] the the lease lease on on a a straight straight line line basis. basis. (See (See Note Note 6[6][below)] below)
g.[[Intangible]] assets
g. g. Intangible[[Intangible]] assets assets
Intangible Intangible assets assets are are recognised recognised[in] in the the financial[financial] statements statements if[if] and and only only if[if] it[it] is[is] probable probable[that] that the the expected expected future future economic economic benefits benefits that that are are attributable attributable to to the the asset asset will will flow flow to to the the entity; entity; and and the the cost cost or or value value of of the the asset asset can can be be measured measured reliably. reliably. The The Trustees Trustees are are[satisfied] satisfied that, that, in[in] respect respect of[of] the the website website and and the the database, database, which which are are included included in[in] the the financial financial statements statements at at their their acquisition acquisition cost, cost, anticipated anticipated future future economic economic benefits benefits justify justify capitalisation. capitalisation. Intangible Intangible assets assets are are amortised amortised over over their their estimated estimated productive productive life, life, from from the the time time they they are are brought brought into into use. use.[In] In[the] the case case of[of] both[both] the[the][website] website and[and] the[the] database database the[the] life[life] is[is] believed[believed] to[to] be[be] 3[3] years. years.
h. h. Heritage Heritage assets assets
The The charity's charity's heritage heritage assets assets consist consist of[of] its[its][collection] collection of[of] craft craft related related goods goods and and equipment, equipment, its[its] documents documents collection[collection] and and library. library. When When[it] it incorporated, incorporated, the the charity charity already already had had large large collections[collections] and and a a library. library. Since Since then then these these have have been been added added to[to] by[by] items items purchased purchased by[by] the the charity charity and and also also by by donations donations of[of] goods goods and and equipment. equipment.
8 8
Knitting Knitting & & Crochet Crochet Guild Guild Notes Notes to to the the accounts accounts For For the the year year ended ended 31 31 March March 2024 2024
- 1 1 Accounting Accounting policies policies (continued) (continued)
h. h. Heritage Heritage assets assets (continued) (continued)
The The assets assets introduced introduced into into the the charity charity in[in] 2005 2005 and and donated donated since since then then have have not not been been included included in[in] the the financial financial statements statements because because the the Trustees Trustees consider consider that that there there is is no no practical practical way way to to value value the the collections collections and and library, library, due due to to their their specialist specialist nature nature and and there there is is no no reasonable reasonable method method to to establish establish what what donations donations were were worth worth on on the the open open market. market. They They also also consider consider that, that, given given the the nature nature of[of] the the assets, assets, there there is[is] little[little][likelihood] likelinood that[that] the the value value of[of] the the items items purchased purchased has has been been reduced reduced and and so so no no depreciation depreciation charge charge has[has] been[been] made.[made.] The The amount amount shown shown in[in] the the accounts accounts represents represents the the purchases purchases which which have have been been made made since since the the charity charity was was incorporated[incorporated] in[in] 2005.[2005.]
-
i. Tangible Tangible fixed[fixed] assets assets Individual Individual fixed fixed assets assets costing costing more more than than £250 €250 are are capitalised capitalised at at cost cost and and are are depreciated depreciated over over the[the] estimated estimated useful useful economic economic life life of[of] the the asset, asset, from from the the time time it it is is brought brought into into use, use, as as follows: follows: - - equipment equipment - - 3 3 years years - - leasehold leasehold property property - - over over the the term term of of the the lease lease
-
j. j. Branches Branches The The charity charity has has a a number number of[of] branches branches where where members members meet meet to[to] discuss discuss and and learn[learn] craft-related craft-related skills. skills. The The branches branches arrange arrange their their own own venues venues and and programmes programmes for[for] which which they they collect[collect] contributions. contributions. The The Trustees Trustees exercise exercise no no control control over over the the branches branches and and the the branches branches are are not not required required to to submit submit accounts accounts to to the the charity, charity, therefore, therefore, their their transactions transactions are are not not included included[in] in these these accounts accounts except except where where there there is is a a direct direct payment payment[into] into or or out out of[of] charity charity funds. funds.
| 2 2 |
Analysis of income from: Analysis of income from: |
||
|---|---|---|---|
| 2024 2024 |
2023 2023 |
||
| Donations Donations |
£ | £ | |
| Membership subscriptions Membership subscriptions |
29,917 29,917 |
28,153 28,153 |
|
| Gift aid Gift aid |
3,662 3,662 |
3,350 3,350 |
|
| Legacy Legacy |
1 ,ooo 1,000 |
- | |
| Donations Donations |
4 ,342 4,342 |
1 ,658 1,658 |
|
| Donations relating to the collection Donations relating to the collection |
621 621 |
1 ,470 1,470 |
|
| 39,542 39,542 |
34,631 34,631 |
||
| Charitable activities: Charitable activities: |
|||
| Convention Convention |
20,605 20,605 |
18,377 18,377 |
|
| Collection Collection |
|||
| Sales Sales |
163 163 |
451 451 |
|
| Trunk shows and open days Trunk shows and open days |
610 610 |
410 410 |
|
| Shows and workshops Shows and workshops |
717 717 |
374 374 |
|
| 22,095 22,095 |
19,612 19,612 |
||
| Other income Other income |
|||
| Bank interest received Bankinterestreceived |
1,168 1,168 |
431 431 |
9 9
Knitting Knitting & & Crochet Crochet Guild Guild Notes Notes[to] to the the accounts accounts For For the the year year ended ended 31 31 March March 2024 2024
| 3 3 |
Analysis ofexpenditure on: Analysis of expenditure on: |
|||
|---|---|---|---|---|
| 2024 2024 |
2023 2023 |
|||
| Raising funds Raising funds |
£ | £ | ||
| 200 Club prizes 200 Club prizes |
- | 68 68 |
||
| Charitable Activities Charitable Activities |
||||
| Slipknot Production Slipknot Production |
7,441 7,441 |
9,605 9,605 |
||
| Insurance Insurance |
959 959 |
812 812 |
||
| Premises (Britannia Mill) costs: Premises (Britannia Mill) costs: |
||||
| - Rent, rates and service charges - Rent, rates and service charges |
6,865 6,865 |
6,637 6,637 |
||
| - Buildings insurance - Buildings insurance |
824 824 |
453 453 |
||
| - Electricity - Electricity |
807 807 |
600 600 |
||
| - Internet connection - Internet connection |
594 594 |
544 544 |
||
| - Repairs and maintenance - Repairs and maintenance |
309 309 |
424 424 |
||
| - Depreciation - Depreciation |
330 330 |
2,309 2,309 |
||
| Collection costs: Collection costs: |
||||
| - Collection materials - Collection materials |
4,581 4,581 |
1 ,234 1,234 |
||
| - Collection expenses - Collection expenses |
212 212 |
340 340 |
||
| - Depreciation - Depreciation |
792 792 |
660 660 |
||
| Convention expenditure Convention expenditure |
15,294 15,294 |
15,851 15,851 |
||
| Membership Membership |
||||
| - Membership expenses - Membership expenses |
1,881 1,881 |
1,702 1,702 |
||
| - Database depreciation - Database depreciation |
333 333 |
800 800 |
||
| - Database running costs - Database running costs |
3,642 3,642 |
3,672 3,672 |
||
| Marketing (including rebrand completion) Marketing (including rebrand completion) |
592 592 |
2,480 2,480 |
||
| Website costs Website costs |
||||
| - software and fees - software and fees |
376 376 |
1 ,285 1,285 |
||
| Governance costs: Governance costs: |
||||
| - Governance expenses - Governance expenses |
1,504 1,504 |
1 ,485 1,485 |
||
| - Legal costs - Legal costs |
- | 2,400 2,400 |
||
| - Trustee indemnity insurance - Trustee indemnity insurance |
172 172 |
146 146 |
||
| Being: Being: |
a | 47,508 508 |
53,439 439 |
|
| Restricted funds Restricted funds |
590 590 |
430 430 |
||
| Unrestricted funds Unrestricted funds |
||||
| Designated funds Designated funds |
4,994 4,994 |
1 ,804 1,804 |
||
| General funds General funds |
41 ,924 41,924 |
51,205 51,205 |
||
| 47,508 47,508 |
53,439 53,439 |
4 4 Staff Staff costs costs
The The Guild Guild[did] did not not employ employ any any staff staff in[in] the the year year ended ended 31° 31 st March March 2024 2024 (2023: (2023: none) none)
10 IO
Knitting Knitting & & Crochet Crochet Guild Guild Notes Notes to[to] the the accounts accounts For For the the year year ended ended 31 31 March March 2024 2024
- 5 5 Trustees Trustees and and key key management management personnel personnel
The The Trustees Trustees are are the the Guild's Guild's key key management management personnel. personnel. No No Trustee Trustee received received any any remuneration remuneration or or benefits benefits during during the the year year and and Trustees Trustees who who take take part part in in the the Guild's Guild's activities activities do do so so on on identical identical terms terms to to other other members members of of the the Guild Guild .
Trustees Trustees are are reimbursed reimbursed for for out out of of pocket pocket expenses expenses incurred incurred when when acting acting on on behalf behalf of of the the Guild. Guild. In In the the
year year ended[ended][2024,] 2024, 7[7] trustees trustees were were reimbursed reimbursed total total expenditure expenditure of[of] £1,014 El ,014 (2023: (2023: 8 8 trustees trustees received received total total expenses expenses[of] of £2,328). €2,328).
6 6 Operating Operating lease lease
The The non-cancelable non-cancelable operating operating lease lease for for Britannia Britannia Mill Mill was was renewed renewed for[for] a a further further 60 60 months months from from
1 1 February February 2024. 2024. The The total total operating operating lease lease payments payments under under this this lease,[lease,] which which are are also also the the amounts amounts chargeable chargeable[to] to the[the][Statement] Statement[of] of Financial Financial Activities Activities will will[be:] be:
| 2024 2024 |
2023 2023 |
2023 2023 |
|||
|---|---|---|---|---|---|
| £ | £ | ||||
| Not later than one year Not laterthan one year |
7,200 7,200 |
5,427 5,427 |
|||
| Later than one year and not later than 5 years Later than one yearand not laterthan 5 years |
27,600 27,600 |
- | |||
| 34,800 34,800 |
5,427 5,427 |
||||
| 7 7 |
Intangible assets Intangible assets |
||||
| Website & Database Website & Database |
|||||
| £ | |||||
| Cost at 31 March 2023 and 31 March 2024 Cost at 31 March 2023 and 31 March 2024 |
19,575 19,575 |
||||
| Depreciation at 31 March 2023 Depreciation at 31 March 2023 |
19,242 19,242 |
||||
| Charge for the year Charge forthe year |
333 333 |
||||
| At 31 March 2024 At 31 March 2024 |
19,575 19,575 |
||||
| Net Book Value Net Book Value |
|||||
| At 31 March 2024 At 31 March 2024 |
- | ||||
| At 31 March 2023 At31March2023 |
333 333 |
| 8 8 |
Tangibleassets Tangible assets |
|||
|---|---|---|---|---|
| Leasehold Leasehold |
||||
| property property |
Equipment Equipment |
Total Total |
||
| £ | £ | £ | ||
| Cost at 31 March 2023 and at 31 March 202, Cost at 31 March2023 and at 31 March 202. |
1 1 ,544 11,544 |
4,567 4,567 |
16,111 16,111 |
|
| Depreciation at 31 March 2023 Charge for the year Depreciation at 31 March 2023 Charge forthe year |
9,621 330 9,621 330 |
2,820 792 2,820 792 |
12,441 1,122 12,441 1,122 |
|
| At 31 March 2024 At 31 March 2024 |
9,951 9,951 |
3,612 3,612 |
13,563 13,563 |
|
| Net Book Value Net Book Value |
||||
| At 31 March 2024 At 31 March 2024 |
1,593 1,593 |
955 955 |
2,548 2,548 |
|
| At 31 March 2023 At31March2023 |
1 ,923 1,923 |
1 ,747 1,747 |
3,670 3,670 |
11 11
Knitting Knitting & & Crochet Crochet Guild Guild Notes Notes[to] to the the accounts accounts
For For the[the] year year ended ended 31 31 March March 2024 2024
- 9 9 Heritage Heritage assets assets
----- Start of picture text -----
|||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Library|Library|Collection|Collection|Total|Total|
|£|£|£|
|Cost|Cost|[at]|at|[31]|31|March|March|[2023]|2023|and|and|at|[at]|31|[31]|March|March|2024|2024|7,941|7,941|5,643|5,643|13,584|13,584|
|10|10|Debtors|Debtors|and|and|prepayments|prepayments|
|2024|2024|2023|2023|
|£|£|
|Prepayments|Prepayments|12,310|12,310|10,601|10,601|
|Accrued|Accrued|Income|Income|973|973|979|979|
|Other|Other|debtors|debtors|6,442|6|, 442|200|200|
|19,725|19,725|11,780|11,780|
|11|11|Creditors|Creditors|and|and|accruals|accruals|
|2024|2024|2023|2023|
|£|£|
|Accruals|Accruals|93|93|62|62|
|Deferred|Deferred|income|income|(note|(note|12):|12):|
|Convention|Convention|fees|fees|received|received|in|[in]|advance|advance|7,575|7,575|50|50|
|Subscriptions|Subscriptions|[paid]|paid|in|[in]|advance|advance|25|25|75|75|
|Other|Other|creditors|creditors|-|262|262|
|7,693|7,693|449|449|
|12|12|Deferred|Deferred|Income|Income|
|2024|2024|2023|2023|
|£|£|
|Deferred|Deferred|income|income|brought|brought|forward|forward|125|125|5,735|5,735|
|Released|Released|in|[in]|the|the|year|year|(100)|(100)|(5,735)|(5,735)|
|Deferred|Deferred|in|[in]|the|the|year|year|7,575|7,575|125|125|
|Deferred|Deferred|income|income|carried|carried|forward|forward|7,600|7,600|125|125|
----- End of picture text -----
- 11 11 Creditors Creditors and and accruals accruals
12 12 Deferred Deferred Income Income
----- Start of picture text -----
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|13|13|Unrestricted|Unrestricted|Funds|Funds|
|Current|Current year|year|At|At|31.3.2023|31.3.2023|Income|Income|Expenditure|Expenditure|At|At|31.3.2024|31.3.2024|
|£|£|£|£|
|Designated|Designated|funds|funds|
|(a)|(a)|Charities|Charities|Advisory|Advisory|Trust|Trust|385|385|-|-|385|385|
|(b)|(b)|Collection|Collection|18,963|18,963|1,194|1, 194|4,994|4,994|15,163|15,163|
|Total|Total|designated|designated|funds|funds|19,348|19,348|1,194|1|, 194|4,994|4,994|15,548|15,548|
|General|General|funds|funds|87,093|87,093|61,411|61|,411|41,924|41|, 924|106,580|106,580|
|106,441|106|, 441|62,605|62,605|46,918|46,918|122,128|122,128|
----- End of picture text -----
(continued) (continued)
12 12
Knitting Knitting & & Crochet Crochet Guild Guild Notes Notes to to the the accounts accounts For For the the year year ended ended[31] 31 March March 2024 2024
| 13 13 |
Unrestricted Funds (continued) Unrestricted Funds (continued) |
||||||
|---|---|---|---|---|---|---|---|
| Prioryear Prioryear |
At 31.3.2022 At 31.3.2022 |
Income Income —_Expenditure |
Expenditure Expenditure |
At31.32023 At 31.3.2023 |
|||
| £ | £ | £ | £ | ||||
| Designated funds Designated funds |
|||||||
| (a) Charities Advisory Trust (a) Charities Advisory Trust |
385 385 |
- | - | 385 385 |
|||
| (b) Collection (b) Collection |
19,585 19,585 |
1,181 1,181 |
1 ,803 1,803 |
18,963 18,963 |
|||
| Total designated funds Total designated funds |
19,970 19,970 |
1,181 1,181 |
1 ,803 1,803 |
19,348 19,348 |
|||
| General funds General funds |
86,311 86,311 |
52,056 52,056 |
51,274 51,274 |
87,093 87,093 |
|||
| Total unrestricted funds Totalunrestrictedfunds |
106,281 106,281 |
53,237 53,237 |
53,077 53,077 |
106 ,441 106,441 |
(a) (a) Charities Charities Advisory Advisory Trust: Trust: In In 2008 2008 the the Charities Charities Advisory Advisory Trust Trust generously generously gave gave the the charity charity £5,000 €5,000 to to spend spend as as it it wished. wished. The The directors directors decided decided[to] to spend spend the the grant grant on on items items that[that] could could not not otherwise otherwise have have been been afforded afforded and and keep keep[it] it in[in] a a[separate] separate fund[fund] so so that[that] the the[donor's] donor's generosity[generosity] could[could] be be fully fully appreciated. appreciated. (b) (b) Collection: Collection: The The fund fund represents represents the the amounts amounts set set aside aside by by the the Trustees Trustees[for] for the the maintenance maintenance and and development development of[of] the the Collection.[Collection.]
14 14 Restricted Restricted Funds Funds
The The restricted restricted fund fund related related to[to] the the purchase purchase of[of] photographic photographic equipment equipment for for use use solely[solely] by by the the collection. collection.
15 15 Allocation Allocation of of net net assets assets between between funds funds
| Restricted Restricted |
Restricted Restricted |
Designated Designated |
General General |
Total Total |
|
|---|---|---|---|---|---|
| Funds Funds |
Funds Funds |
Funds Funds |
Funds Funds |
||
| 2024 2024 |
£ | £ | £ | £ | |
| Fixed Assets Fixed Assets |
351 351 |
603 603 |
15,178 15,178 |
16,132 16,132 |
|
| Cash at bank and in hand Cash at bank and in hand |
266 266 |
14,945 14,945 |
79,370 79,370 |
94,581 94,581 |
|
| Other net assets Other net assets |
- | - | 12,032 12,032 |
12,032 12,032 |
|
| 2024 Total 2024 Total |
617 617 |
15,548 15,548 |
106,580 106,580 |
122,745 122,745 |
|
| 2023 2023 |
|||||
| Fixed Assets Fixed Assets |
535 535 |
1,211 1,211 |
15,841 15,841 |
17,587 17,587 |
|
| Cash at bank and in hand Cash at bank and in hand |
472 472 |
18,137 18,137 |
59,921 59,921 |
78,530 78,530 |
|
| Other net assets Other net assets |
- | - | 11,331 11,331 |
11,331 11,331 |
|
| 2023 Total 2023Total |
1 ,007 1,007 |
19,348 19,348 |
87,093 87,093 |
107,448 107,448 |
16 16 Related Related party[party] transaction transaction Except Except as as disclosed disclosed above above (in (in respect respect of[of] Trustees) Trustees) there there were were no no transactions transactions with[with] related related parties parties or or connected connected persons persons[in] in the the year. year.
13 13
Independent Independent Examiner's Examiner’s report report To To the[the] Trustees Trustees[of] of the the[Knitting] Knitting & & Crochet Crochet Guild Guild (‘the[('the] Company’) Company')
I | report report to to the the charity charity trustees trustees on on my my examination examination of of the the accounts accounts of of the the Company Company for for the the year year ended ended 31 31 March March 2024 2024 set set out out on on pages pages 6-13. 6-13.
Responsibilities Responsibilities and and basis basis of of report report
As As the[the][charity's] charity’s[trustees] trustees (and[(and] also[also] its[its] directors[directors] for[for] the[the] purposes purposes of[of] company company[law)] law) you you are are responsible[responsible] for[for] the[ the] preparation preparation of[of] the the accounts accounts[in] in accordance accordance with[with] the the requirements requirements of[of] the the Companies Companies Act[Act] 2006 2006 (‘the ('the 2006 2006 Act’). Act').
Having Having satisfied satisfied myself myself that[that] the the accounts accounts of[of] the the Company Company are are not not required required to[to] be be audited audited under under Part Part 16 16 of[of] the the 2006 2006 Act Act and and are are eligible eligible[for] for independent independent[examination,] examination,[I] | report[report] in[in] respect respect of[of] my my examination examination of[of] your your charity's charity's accounts accounts as as carried carried out out under under section section 145 145[of] of the the Charities Charities Act[Act] 2011 2011 (‘the ('the 2011 2011 Act’). Act'). In[In] carrying carrying out out my my examination examination[I] | have have followed followed the the Directions Directions given given by by the the Charity Charity Commission Commission under under section section 145(5) 145(5) (b)[(b)] of[of] the the 2011 2011[Act.] Act.
-
Independent Independent Examiner's Examiner's statement statement | I have have completed completed my my examination. examination. | I confirm confirm that that no no matters matters have have come come to to my my attention attention in in connection connection with with the the examination examination[giving] giving me me cause cause to[to][believe:] believe: 1 1 accounting accounting[records] records were were[not] not kept[kept] in[in] respect[respect] of[of] the[the] Company Company as as required[required] by[by] section[section] 386[386] of[of] the[the] 2006[2006] Act; Act; or or
-
2 2 the the accounts accounts do do not not accord accord with with those those records; records; or or 3 3 the the accounts accounts do do not not comply comply with with the the accounting accounting requirements requirements of[of] section section 396 396 of[of] the the 2006 2006 Act Act other other than than any any requirement requirement that[that] the the accounts accounts give give a a ‘true 'true and and fair fair view view which which is is not not a a matter matter considered considered as as part part of of an an independent independent examination; examination; or or
-
4 4 the the accounts accounts have have not not been been prepared prepared[in] in accordance accordance with with the the methods methods and and principles[principles] of[of] the the Statement Statement of[of] Recommended Recommended Practice Practice for[for] accounting accounting and and reporting reporting by by charities[charities] [applicable [applicable[to] to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the UK UK and and Republic Republic of[of] Ireland Ireland (FRS (FRS[102)].] 102)].
-
I | have have no no concerns concerns and and have have come come across across no no other other matters matters in in connection connection with with the the examination examination to to which which attention attention[should] should be be drawn drawn[in] in this this report[report][in] in order[order] to[to] enable enable a a proper proper understanding[understanding] of of the the accounts accounts to to be be reached. reached.
P. P. A. A. Ryan Ryan MA(Ed), MA(Ed), FCA, FCA, DChA DChA 66 66[Fountain] Fountain Road Road London London SW17 SW17 OHQ OHQ
2024 10 lo Augad) 20%
14 14