Company No. 5841338 STREF.TSCENE ADDICTION RFCOIQRY C.OMPAN Y LIMI'I'ED BY GUARANTEE RFPORT OF THF DIRF.CTORS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 SI'REETSCbNE ADDIC'I'ION Rf.(.'OVl:, RY COMPANY I,IMI'I'lI 11 BY C.IJARAN-I'Li L CONTENTS OFTHE FJNANCIALSTATEMENTS For tlje YeAr 1¢ iJde(J 30 Jline 2023 Page Company Infomiatton Report of the Directors Statement of Financi81 Activities 12 Income and Exp¢iidstUTe Account Balance Sheet 14 Note5 to the FinanLial Statenients Independent Auditors Report 20 STREF.TSCENE ADDICTION REC.OVERY COMPANY LIIMITED BY GUARANTEE COMPANY INFORMA'fioN 'oi' the Yeai. Ii*iided 30.lune 2023 DIRECTORS.. D Phillips A Rodgers H Comer J Dorriiigton SECRETARY.. Lord T Howson-Green CHIEF EXECUTIVE.. T Corner REGISI"LIILD OFFICE: 108 Cobham Road Ferndown Dorset BH217PQ REGISTERED NUMBER.. 0.$841338 (England and Wale5) CHARITY NO.. 1118773 SENIOR STATUTORY AUDITOR.. Chris Osmond AUDITORS.. Stone OEinond l.tmitcd Accountsnt% and Registered Auditors 75 Boumemouth Road Chandlers Ford Eastleiu>h Hatnpshire S053 3AP SOLICITORS.. Laccy5 3 Poole Road Bournemouth BH2 SQL PRINCIPAL BANKLRS.. HSBC 165-176 High Street Poole BH15 IAV CAF 25 Kiiighill Avenue Kings Hill West Mallitig ME194JQ rREETSCINE ADDICTION Rf4 C.OVERY LOMPAiYY I,IMI'I'lI l) BI, GUAIIAN'I'EL REPORTOF THE DIRECTORS Foi. the YLHr Ethil¢d 30 June 202 The directors present theii. report with the financial slalements of the company for Ihe yeaT ended 30 Jull¢ 202.3. CwOVERIYANCTr. Streetscene Addiction Recovery is a charitsble company governed by Meinorandum and ArliLles of Associalion iticorpoi'attd on 8 Julie 2006. It repiesenis the incoi'poralion of the eai'lier charitable Irusl, Sliretscene, oi'iginally declared 1989. regi5tralioii number 802521. It has two objectives: 'ro relieve and i¢habilitat¢ pety)ns who are siiffcrsiig or have suffered from past OT present driig addsction or other forrns of addiction. To advance public educations paTticulai'ly, amongst young people, al)out all matter relatin8 to drug abu5¢. OBJE4C'I'IVES AND ACTIVITIF.S TrOR I'FIE PUBLIC BVNb bi'r The priiicipal activity of the company in the pei'iod under review was to relieve and rehabilitate ihose who are suffering or have suffcrcd from past oj. present drug addi¢tion or other (orms of addiclion, together with the advan¢em¢n¢ of pllblic educatiot), particularly ainong75t young people, about all mattel's relating (o drilg abuse. Tlie diiEclors confirm that they have complied with (lie duty iii Section 4 of the 2011 C.haTlties Act having due regard to the guidance published hy the Charity Commission, including piiblic bcneflt guidance. The company cari'icd out its activities at tlie following addresses.. Allingion House, 46 Dean Part( Road, BourJieTnOUth. Dorsel, BH I IQA- primary and secondary care iinit. Comerway5, 20 Braidley Road, IIouTnemouth, Dors¢t, Bl42 6JX- primary and sccondary rare UE)it. Fi?ncis House, 2 Hulsc Road, SoEJihampton, Hanis, SOI 5 2WG- primary and secondary caTe unit. Unity House, 77-79 West Hill Road, Wesl Cliff, Bournemouth, BH2 5PQ- 5UPPtsrted accommodation 108 Cobhaim Road, ferndown. Dorlet, BH21 7PQ- Administration officc5 51 Churchfield Road. Poole. Dorset, BH15 2QL- Developmet]t office DIRECTORS AND TRUSTEES The director5 of the charitable company are its trustees for the Purposes of Charity Law and throughout this report are collectivcly Teferred to as the directors. The direcwrs who have held office during the year of review and ¢0 the date of this repoil were.. D Pliillips A Rogers J Dorringknn H Corner (deceased December 2023) R Pullen The coinpany provides Directors Irtdemnity Insurance, this 15 provided free of charge undeT the cunent wli¢y. STRLL'fsci,:Nf. ADDIC'.TION RF.C.OVF.RY C:OMI)ANY I,IMITf4 D BY GUARAN'I'E4 C RC4 PORT OF THE DIREI CTORS For tlie Year Ei ]]ded 30 June 2023 Any member of the above body of directors is able to nominate further directors to thc board. If the person is willing to be considcrcd, aftei. various checks have b¢en undertaken, in¢liiding CRB checks. the board can vote a new member onto th¢ board hy means of a niajority vote. STATEMENT OF DIRECTORS? RESPONSIIIILI'fiES 'l-he directors are responsible for preparing the financial slarements in awordance with applicable law and Company law rEquires the directors to prepare financial slatenients foi. each financial year. Under thai law the diiectors have elected to prepai'e the fiiiancial statements in accoixlance with the Conipanies Art 200() ie14ting to Small Coinpanies, with ihe l.inaiicial Ileporliiig Standai'd foi. £mallti' Enlitics and thc Charities Act 2011. The Financial 5tatemEnts ate requircd by law to give a tTUC aiid fasr vicw of the state of affairs of thc company and of tlie 511rplus or dcficit of the company for that period. In preparing the5c financial statements, the directors are reqiiired to.. select suitable aCL￿untI17£ policies and then apply them ¢onsistetitly,' I￿ake judgements and estimates ihal are reasollable and priideiit. prepai'e tlie financial 5tateTneiil% on the going concern basis unless 5t 15 inappropriate to pwsumc that the company will continuc in business. observe the mcthod and principles in The Charities Statenient of Recommended PIBctic¢ SORP 2015 {FRS1021. slate whether applicable UK Accounting Standards have been followed, subject lo any Inaterial departures disclosed and explained in the financial stateTheJits. The director8 are re5pon5ible foT keeping PiDper ac¢ounting records which disclose with Teasortable a¢¢uracy at any time the financial p051tion of the company and io enable them to ensure that the findtlcial siaiemenis comply with the Companie5 Act 2006 and the Charities Act 2011, the Charity (Accoun15 and Report51 Regulatioiis. They are also responsible for 5afeguaiYling the as5¢1s of th¢ cojnpany and hence for taking reasoiiable 5tep5 for tlie prevention and dEteclion ot'fraud and other ii'regularitie5. TAI'EMEN'I" AS 1.0 DISC.LOSURF. OF INFORMATION TO AUDITORS So far as the director5 are aware. there is no relevant audit ijiformation las dcfined by Section 418 of th¢ Conipanies Act 20061 ofwliich tlie coinpaTly'S aiiditoiB are uiiawai-e, atid eacli dii'ecloi. lias takeii all tlie Stei) that ought lo hav¢ been taken as x dii'cctor in ol'der to niake thein5¢1ve5 aware of any relcvant aiidit information and to establish that the company's auditors ar¢ aware of that infoi'mation. DIRE￿oRs, REVIEW STRUCTURE The company h&s a strurture based on five tiers. Tier l.. Mie Board of Directors, wlio have ovei'all control of the charity and meet at lea513 tinies each year to di￿uS$ th¢ pei'formwjce to date and future plaiis. A rotalion of direLtors aims lo visit evely unit eacli month to observe the work fjrst hand and speak to clients and 51atTabout theii. experiences with Streetscene Addiction Recovery. Their report is prescnled al thc next Diyectors niecting. Tiei. 2-. Thc opcrational responsibility iq delegated to the five chiefs of 5t&ff, who make up a team of people who work togethei. with particulai. artas ofresponsibility, which are= CEO- Developrnents. stat15tics, cliellt advocacy* poliii¢al and strategic developmeiits. COM- The upkeep ajd occupan¢y of units, relatlOll5 Wlth purchas¢rs, expanding ¢lient base. CFO- Finance and Icgal matter5. CHII- Ensuring adherence to legÉslation, policy and piD¢eduiE Wlthin the units regarding HR. COT- Ensiii'ing the treatment PlDvid¢d lo ¢lients 1% both cotlS1Stent and of tlie highest siandard. SFREETSCEYI l ADDicfinN RICOVERY COMPANI, LIMITED BY GIIAIL4NTEE REPOR'I. OV'I"HE DIRF.CI'ORS rioi. the Yeai. EDd¢d 30 June 21]23 Tier 2 meet on a regulai. b￿lS to discuss the overall strategi¢ planning for the orgajiisalion. Tier 3.. The Managers of each unit, the tiratrnent units beit]g Allington House, Cornerways, Francis House and the Reseltlemejit unit, based at ljnity. The Adininistration Managers providing support to all units are.. Finance, IT, Purchasing and Main¢enan¢e. Tier 2 and 3 representatives CQTnprise the Steering Committee, which. dependiiig oil irtpul required woi'ks on initnediate issues sllch as amendiiig poliGie5 and procediirts, tiaining events, staff IfCTUltin¢nl, i'efiirbishment need5. Tier 4.. The staff with cxtcmal responsibilitie.%, including th¢ finallce team, DSS Liaison, the in-house PUT¢haser. the counsellois and project staff who lidve exiemal responsibililies lo oiii. service pui¢hasers. TieT 5.. Tlie S¢dff are those who woi'k within tlie uiiits but whogc cxtcrnal re%pon5ibilities aie g¢ncrally through the unit iiianag¢r, thi5 includes wcekend project staff. night staff, Inaintenance staff and volunteers. I'"ach staff member h&$ thesT own rolc within the charity, ¢overed by job descriptions, generally the iY)le5 air-. Managcr Teain Icader Counsellorlkey worker pl￿Je¢t workeT Niglit carc officer AdministTatDr Mainteiiance These staff members also liavc a voice in weekly meetings held each unit. Isne majageinent meetings, SUPETvision and Irgulèr training events. Assets All the fixed assets have all been utilised foi. the woi'k ofthc charitable ¢oinpany. All deeds are iEtaintd by the Solicitors. T,a¢ey%. The company rctain5 the r¢serv¢g fiDin the operalions of the company, operatitjg profils atid prepaid ac¢ourtis in the reserves account. OperAfing during 2022-2023 With the release of the Dame Carol Black report more futids becotne avAilable for addiction treatinellt, to be di%buFs¢d during the coming fivc year5. incliiding funding for residential lTe4t￿ent. The increased levels of fullding bccame appareni almost immediately, with local authoriiies allowing incir&ses iji Ihe prices charged due to the financial CTj515. an(1 Ihe in¢Teased tiumber of clients referred to Irea¢mellt. l-his year, as denion5trated below, we had aTJ increase of 4Yo. We hav¢ felt the effect of thc financial crisis. we had to restrict the temperature ofthe heatitig system to 19 degTees during the day, which is still I degree abovr that required for living. Despite lha¢ our bill for gas did gjratly increase during the year as care homes Feceived no governtnenl siipport. We did 5ecuir a relatively good deal on electricity for one year, however th￿S was only good in the facc of the price increases at the time and still resiilted iii a large incred%e in costs. l.'ood bills also increa%¢d extensively. S'l'llb'LT%CEI NL AI)DicfioN REC.OVF.RY COMPANY LIt*llTTr".D BY GIIARAY'I'F.r, REPORT OF THE DIRECTORS For the Year Eii(leORT OF THF. DIREC.TORS Foi. the YeAr Ended 30 Julie 2023 Occupancy rates.. 2020 to 2023 120.(M) loo. 80. 60. 40. 20. 0.00 lan Feragio Apr Nov Dec This year we had a total of 285 clients compared with 266 in the previous year. We provided 154 detoxes, ineluding dual detoxes for coifjbined alcohol and drugs providing £156.550. up fiT)m £119,670 in the previous year. Of this £65,224 wa5 paid ¢0 pre5GribinB services, this left a siii'p1115 of £91,326 for us. Private Clients Privatc clicnts vai'led from £750 10 £1,650 (mean average being £1.47, redu¢ed from last year, the miniinutn spend was £942.86. the Maximu￿ spend was £19,360, witli tlie mean average 5p¢nd on ￿hab being £8,583.23 (excluding detox expense5). We have 30 ¢lients this year, a significant drop on last yeaT where we had 38 la dtt)p of 210/0). But the a¢tual tention and av¢iag¢ spend was greatly improved. The drop n)ay have several causes.. our website was offline for 12 wccks as it was being renewed, the new funding money caTne online from the Dame Carol Black JEport and we were suddciily overrun with statutory ¢lients and we werc J'eluclaiit to tiiin ihetn down, the recessiot) began to bile into tlie fillaiicc5 of everyone in the UK. We do need to flnd a way to increase tlie iiuniber of private clieiit5 if at dll possible in the curirnt fiiiaiicial climate- bearing in mind thc current financial squeeze is hittin8 OUI. target pi'ivate giDup hai'd. StAtutory Clients This year we received clients from a total of 42 different lo¢al authorities, plus Transport for London and pi'ivate clients. Of these. one lo¢al aiiihority paid £740,000 and one paid £820 however each only rcfcrrcd one client during thc year. The vast rnajoTlty, 33, paid a weekly fcc of £850 with 7 paying around £910 per week. Bursaj'y Bed8 This year we pl￿vided biirsaiy treatmeiit for tliree Client5 for 48 days, with one in a bursary bed at titne of reporting. Thi5 in¢ludes one detox. We also provided a5SlStan¢e for far more for client5 who were only given limited funding but by virtue of thc financial crisis and th¢ IA¢k of appropriate housing needed. This 5UPPOrt provided fire care for approximately 350 days. Length of treAtinent The chart below shows the length of time clients remained in t￿atment if their entire treatmentjourney ended befoi'e 30 June 2023. This is a total of 272. rREI C4 Tscf,NF. ADDIcfioN REC.OVERY COMPANI Y LIMI'I'LD IIY GUAIIAN'I'F.r. RF.PORT or THE DIRECTORS Foi. the Ye#r F.rtil¢<130 j￿￿e 2023 Numbers leaving treatment by treatment length July 2022- June 2023 20 io 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 > wk wk wk wk wk wk wk wk wk wk WK WK WK WK WK WK WK WK WKWK WK WK WK WKWK 25 The main times of departiire are.. Arouiid the four week mark, often selected by private clients a5 the maximum many of them can withdraw from tlieir lives without it being noticed. Around the tliree month mark, a more tradition&1 time for a ¢ompletion of Ireatjnent fut]d¢d by local authorities. Arouiid (lie 6 month Imark, generally given for clients who are deemed to have more complex needs. There are quite a number who leave in tlie fiist week to ten days, these are always those who have underestiinated detox or the amoiint of work required in recovei'ing from addiction. Although addiction is eminently treatable and long term recovcjy 15 achievable for anyone wanting it, it jsll't easy and to begin with ¢an seem impossible. Finance5 Incojne for the year, fee5 and donations was £2,910,482 rcflecting an increase of £175,778 frojn the income of 2022 of £2.734.704. Expenditure was £2,824,071 reflecting an increase of £137,102 from the expenditure of 2022 of £2,686.969. Incliided it] the above figures is the Valuation of Donation5 in Kind (for assisted treatment) of £13,280 {2021 £34,149). Total Reserves amount to £1,408.526 including fixed assets of £1,757,688. The fixed assets inGlude Land artd Bllildings of £1,692.572. srREETSCENI ADDIcfioN REI C.OVERY C.OMPANY I.1￿]1'1'L￿ IJY GUAIIAN'fEE REPORT OFTHE DIRECTORS For the Yeai. Ended 30 Jun¢ 202 PoliLies oil Reseives investments This year our reserves have been used on occasion to assist short tenn cash shortfalls. We would like to retain onc illontl)'s Yuniiing c()8t% in resetvc howcvei. th15 is diffi¢uli io achieve but is slill our targel. It was not Possible or piudent to use our reserves to reduce (lie mortgages due 10 the very high penalties which would have become due. All IEserves are held as ¢ash with HSBC. Re5erve$ Polity Strectsccne's policy Is 10 establish a reserve fi]nd under the principles of SORP 2015 IFRS 102). The reserve fijnd is to= Provide 5horl-tei.ni tiinding to en%iire the company meet its ftnancial and legal obligations in the event of re%tricted or flu¢tuating cash flow. IFINANCIALI To meet the costs of any futuir legislation,. sii¢h as the requiremeiils of extra li'airting, e4uipmetJl or professional advice or to finallce ajiy exccptional iiiiforeseen cosls oi. Irpairs. {CONI'INC7EN("IES AND RISKS) To tskc advantage of market opportunities to cxpand or improve the service provided within the remit of the charitlcs goveTning documents, including the fut)ding ofnew proje¢is. centi?1 development of maiia£ement, the fuiidit]g of fumitui'e and equipmejjt, the traiiiing alld development needs of ils staff and volunteers and the acgUlSlt5uii of suitable premises. {OPPOR-FUNII'IESI While no figure can be put th¢ level of thc reserve needcd &5 they are beyond the charities control the diirctnrs have agired it woiild b¢ pwdcnt that a policy that ftims to A¢hiev¢ a level of reserves equivalent to one ii)ontli'% uni'estrictcd expenditure is an ideal target. Risk Register and M&nAgemeELt Our risk register this yeai. is based on the NCVO templ3te. Likeliljood of risk oceurring Rare.. not likely to happen or will Ollly happen in ex¢eption ciiEumstances. Ujilikely: not expe¢ted to happen, but therc is a remote possibility that it will occur. Po%sible= May occur on some occasions, but not frequet]tJy Likely.. is likely lo occur or will happen on moT¢ oG¢asitsns than not. Certain.. likely to occur in the majority of cases. s'rREETscf,NF Al)DicfioN RJ:C.nVERY COMPAIN.Y LIMITED BY GUARAIN'I'EE REPORT OF THE DIRECTORS Foi. the Year Elided 30 Junt 2023 Level of impact Possible con5Equent8 if risk occurs Insignificant No iinpact on service No iitipact on reputalioji Complaint unlikely Litigation T15k Iritsote Slight impact on servic Slight impact oli i'eputation Complaini possible Litigalion possible Moderate Some service disruption Pot¢ntial fr)r adverse publicity- avoidable with care￿1 handling Comp12int pn)bable Liiigation piDbabl¢ Sigllifi¢aiit Service disrupted Adverst publicity not avoidable (local medsal Complaint probable Litigation probable Major Service interrupt￿ for signifi¢ant time Major adverse publicity not avoidable (national media) Majoi. liligatton expected Resignation of senior management and board Widespr¢ad loss of beneficiary confJdet]¢e The calculation for the total risk score is likclihood score multiplied by double the iinpact scoi'e. Re5ultaiit Scores indicate th¢ following.. Initial risk score Ikvel Low risk Mcdiiini rhsk Action level Accept J'isk. To be Jiianaged at the activily level MaiiAgemEnt action reqiiiird to rediice risk level to low Significftnt T15k. Jjoai-d actionlawairness reqiiircd. 9-16 17-25 RÈsks ale calculated both before and after aur current level of control5. In $llmmAIy Th¢5¢ arc cliall¢nging tiines for everyone. We need to remaiii vigilant to ensurE we Gan ¢oniinuc io help aiid 5llPPOIt people in nEed, We need to continu811y strive to do the best wc possibly can for our ¢lients within the financial constraint5 we face. to help th¢m move fmm their addiction to bccome valuable Tnembers of society, conti'ibutiiig to the community. whilst At the saine lime contit)uing to siippojl all our starrand volunteers. 10 STREETSCENE ADDicfioN RECOIIF,RY COMPANY LIIMITED BY GUAIiAIY'I'LE RFPOR'I. OF'fiiE DIRF.CTOR For the YeA Y Eijded 30 June 2023 AUDITORS I'he auditors, Stone 05Tnond Limited, will b¢ proposed for re-appointment at the forrhcoming AnE)ual General Meeting. This report has been prepared it] accordanLe With the special ply)vis￿onS of Part 15 of ihe CoTnpani¢s Act 2006 Telating to small ¢oInp' ies. Signed (D Phillip5) Zl/ollz q Signed (A Ro¥eTS) Dated . Sigiied (J Dorringtoii) Dated.............................. signed (R Piillenl z i/ovsdc a basis for OUT opinion. Conclusions relAting to goiijg concern We have nothing to Irpoi'l in respe¢t of tlie following mdtters in reldtioji to whiLh the ISAS (UK) i'eqllire us to repoTI to you were.. tlie diitctols, iise of Ilie gDing concern basis of accountlllg It) the pi'epar&tion of the fjnaiicial slateinelltg is not appropi'iate. or thc directors have not discloscd in thc financial 5tatcmcnt5 any identified material uncci'taintle5 that iiiay c&%t significani daubt about th¢ Chaiity's ability to continLie to adopt thc going concern basis of a¢counting for a period of at least twelve montlis from the date when the finaiicial statements are auihorized for issue. Othei. infoi'rnation The directors ftre r¢sponsibl¢ for the other information. The other itiformation comprises the information in¢luded in ih¢ anniial reporl otlier tlian t]ie fiiiancial siatenients and oiij. auditor's report tlJeiEQll. Oui. opinion on the financial staiem¢nts does iiot tover the other informdtioti aiid, except to the extetjt otlierwis¢ expli¢itly stated in our repDrt, wc do iiot express any fomi of assurante conclusion ihereon. In connection with oui. audit of the fiiiancial statement5. our responsibility is to read the other infomiation and. in doing so, considet. whether thc otlicr infortnation is materially inconsEsteRt with t]ie financial statements or our knowledge obtained iij the audit oi. otherwise appears to be tnaterially inisstated. If we identify such inaterial inconsi5tencses Or apparent material misstaiements, we al'e required to det¢rinine 20 S'I-REE-rscb.NE AI)I)ICI'ION RFCOVERY COMPAIYY LIMIT£4 D BY GIIARANTEE Foi. tht Ve v Ended 3 Juli 23 whether there is a rnat¢rial tnis51ateinenl in th¢ fInancial slatemenls OT a Inaterial Tni551aternellt of Ilie other information. If. based on the work we have performed, we concliide that their 15 a material Inis5tatcm¢nt of this other infoiThation, wc are reqiiircd to report that fact. We have nothing to IEPOrt in this regard. Matters oil Ivhich ive %re i'equired to i'eport by exception In thc light of the knowledge and understanding of the CharEty and it% envii'onment obtained in thc cour5c of tlie audii, we liave iioi identified matertal nii%81ateiiiertrs in tlie Ditecior's Aniiual Rei)oit lincludii)g tlie Strategic Re]x)rt}. We liave nothing to i'eport Ill respect of the following mattels in relatioji lo which the ChaTjties Act 2011 i'equtres LIS to report to you if, in our opinion.. adeqiiate accountiiig IfCOTds have not been kept or retui'ns adequate for our audit havc not been reccivcd from bi?nche5 Mot V151ted by u5., the financial statements are not in agreement with the accounting r¢cords and retums., we have not obtait]ed all the information 8nd explanations necessary for the purposes of our audit. the directors were not eniitled lo pr¢p#i'e the finan¢i#l 5tatem¢nis in ac¢ordan¢e with ihe small conipaiiEes' Irgiiiie and take advantage of the siiiall conipanies, exeinption iii prepai'iiig the directols, report aiid take advantage of tlie sinall cojiipaiiies, exeinptioii from the requiretiiejil to prepare a strategic report. Respoll¥ibilitie5 uf the dÉr¥cturs As explained Inore fully iii the directors responsibilities slateiiient (set oji page 31, the directors are responsiblc for the preparation of thc financial statements and for being satisfied that they give a true and fair vi¢w, and for such internal ¢ontrol as they determine is ne¢essaYy io enable ihe prcpaiation of financi81 statemenis that are free from mAterial misstatemenL whether due to froud or error. lii prepai'ing tlie financial slatemejils, tl)e directors are Ir5ponsible for a5se5SLiig tlie Charity's ability to contijiue as a going cojicern, disclosing. as applicable. matters related to going concern and usiiig tlie going ¢oiic¢rn basis of ac¢oiiniing unl¢ss thc diiictors eith¢r intend to liquidatc the Charity or to ceasc opcralions, OT have no realistic altemative but to do so. Our IYspon5ibiltt1¥5 fui. the audit of the finantill st#tementS 'rhe diteclors have elected for tlic finatjcial statements to be aiidiled in accoi'dance with tlie Charities Act 2011 rath¢i' than th¢ Conipanics A¢t 2006. Accoi￿1ng1y, we have b¢¢n appoint¢d as auditor undei. scclion 144 of the Charitic.% Act 2011 and report in a¢eoidanc¢ with regulations made uMdeT section 154 of that Act. Our objectives are to obtain reasonable a55ui?nce alK>ut whether the financial 5tatement5 a5 a whole are free fix>m matei'ial iiiisslatemenl, wheiljei. due to fj'aud oi. error, ajid lo issiie an auditor's iepoit Iliat incliides our opinion. Reasonable assurance is 2 high Icvcl of assurance, biit is nol a guai'atitcc that an audit conducted in ac¢ordaiic¢ with ISAS (UK) will always d¢tcct a material misstatement when it exists. Misstatcm¢nts ¢all ari%e fiyjm fraud or erri)r and are considered matertal if, individually or in the aggregate, they could reasonably be txpected to influ¢n¢e the e¢onomi¢ de¢isions of users iaken on the basis ofihese finatt¢ial 51aternenls. 21 srRE4 ETSCC4NE ADDicfioN REICOVIIRY COMI'ANY I,IMI ITf4.D RY C.IIARANTF,r, For the YeAr Lnded 30 June 2023 A further description of our reSPOllsibilities for the audit ofdie fjnancial statejnents is located on the Finaiicial Repoi'ling Coutjcil's website at Iiviviv frc.or .uk/auditorsres This description forms part of our auditor's report. Use of our report Tliis report is made solely to the Cliarity's directors, as a body, in acCOrd￿lee with section 144 of the Charitie5 A¢t 201 l and the regiilaliotjs made under section 154 of that Att. Our audit work has becii undeTtakeii so tliat we niiglit state lo the Chai'ity's directois those rnatters we are Tequired to state lo them in an auditor's report atid for no otlier puipose. To tlie fullest exteiit pciniitted by law. we do not accept or assume i'esponsibility to aiiyoiie othei. than the Charity's diiECtaiE as a body, for our audit work, for this r¢port, or for the opinions we have formed. C D Osmond (Senior Statutory Auditor) For and on behaifof Stone 05niond Ltd Statutory Aiiditor 75 Bourncmouth Road Chandl¢i3 Ford Eastleigh Hanls S053 3AP Date 22