Afri¢on Promise Registered charity number 1122285 Trustees, Report & Accounts for the year ended 31 March 2023
Afri¢on Promise Index to the Annual A¢counls 2022-23 Legal, Reference and Administralive Infomation Trustees, Report Strudure, governonce ond monogement Objectives & aclivilies Aehievements & performonce Finoncial review Sialemenl ol Trustees, Responsibilities Risks & $ofeguording Trusletrs declorotion Statement of Financial Activities Balance Sheet Note5 to the Accounts 10-13 Independent Examiner's Report
Afri¢on Promise Legal and Administrative Information Registered Address 97a Siormonl Road Batlerseo London SWI 15 Charity number 1122285 Trustees Chrislopher Ott Ichoirmonl Gary Shiels ITrea5urerl Nicola Coldrnan Founding Dire¢tor/SeMlor Charles Coldrnan Prin<ipol bankers (in the UKJ CAF Bank Lid Kings Hill West Malling Kent ME19 41Q Principal bankers fin Kenya) Absa Group Ltd Ilorrnerly Baiclay5 Bonk Kenya) Voi 8raneh PO Box 720 Voi 80300 Kenya Principal currency brokers Alphts FX Limiled Brunel Buildin9 2 Canalside Walk London W2 1 DG Independent Examiner Ryon Evan5 FCA Cadence Accounting Suite 3, 157 Stolion Rood Eo$t Oxled Surrey RH8 OQE
Afri¢on Promise Trustees, Report for the Annual Ac¢ounls 2022-23 The Trustees pre5enl their Report and Accounts lor the year ended 31 March 2023. Strudvre, Governance & Management African Promise 15 0 Chority under the terms of Seclion 3 01 the Ch(3rities Act 1993 ond 2006. The ehority W05 regi51eied with the Charity Comrnis5ion on 13 lonuory 2008 under the regi51ratrion number 1122285. The charity 15 governed by the Choritroble Trust Deed of l December 2007. Under the Trust Deed the power ol oppointing new Tiustees of the Chority 1$ vested in the Settlor, the charity's founding diredor. The Trustees shall al no lime exceed four in number. There are currently no official policie5 and procedures lor the induclion and training ol new Iruslees. There were no appoinlmenls bul one resignation during the year rneaning the Trustees currently number thre& The Board of Trusleei in conjundion with the founding director, is responsible lor the governance and slralegic direction of the chority. The lounding director 15 responsible lor ensurins the charity delivers its objectrives. Objectives and Activities Charitable purposes ond public benefit The principal objeclive ol ihe charily is lo protnote and provide lor Ihe advancetnent of educalion in pritnary 5choo15 in Kenya, in particular by supporting the development ol schoo15 in the Ka5igau region by irnproving learning environments, enhancing pupil welfare and well-being, and removing barriers lo accessing education. The Iruslee5 have referred lo the guidance contained in the Charity CoTnmission's general guidance on public benefi't when reviewing the aims and objective5 01 the charity and when plonning the lulure oclivilies. The Iruslees assess how new aclivilies planned will conlribule lo the overall airns ond objectives they have set ond periodicolly review exi$ting oclivilitrs lo ensure ongoing public beneh'i. Adivities The charityfocuses on the following core activities acr055 It5 partner schooli which currently number eight serving approximately 3,000 children.. Improvements and upgrades lo inlr051ruclure including through the con51ruclion and renovation of cla5sroom5, WASH Iwaler, 50nitalion and hygiene) facilitie5, kitchell/dining halls, oHice5/51affroorn5, SttsH housing, and tnore. The support ol a feeding programme lo ensure all pupils receive a daily lunchiirne meal during lemi-lime. Provision ol lunding towards the salaries ol rnuch_needed extra teachers and support staff including cooks and walchrnen. The od_hoc $upply of furniture ond equipment, leorning resourees ond moterioll ond funding for educolional progromme$ ond oclivities.
Afri¢on Promise Trustees, Report for the Annual Ac¢ounls 2022-23 To support these acliyilies the charity engages in raising funds frorn the general public and frorn privale organi5alions in the UK and elsewhere includins by. applying for lund5 frorn registered charitable trus15 and loundalioni hosting public fundraising even15,' pUrchang places in challenge/endurance evenls,- appeoling for donations From rnember5 of the publiq and partnering with lundraising chariliei schools, componie$, businesses ond othei groups and orgoniststions. To foeilitote this ond io help Ioi5e the piolile ol the chority and to maximi5e income the ehority-. maintoins o website olwww.afrieonprornise.org.uk ond $ociol media occoun15 on Twiller, Focebook, Linkedln and Inslagram. actively uses the Following Ihird-paty plailorms as a means lor colleding donations and raising fund5 online.. CAF Donate, JustGiving. GlobalGiving Facebook Fundraising, Benevity, GoFundMe, TheBigGive, Charities Trust, PayPal Giving Fund, Givergy & others. has a Google Ad gront worth up lo $ l O,OOOpcrn. use5 Mailchimp lo creote ond send emoil comrnunictstion$ to individual$who have opted_in lo hear from us. is registered with HMRC lo clairn Gift Aid on eligible donations. The chtsrity is registered wilh the Fundraising Regulator ond is eommilted io upholding their Fundroising PIotn15e in all our fundiai5ing activitie5. The ehority's doy-to-doy Kndroi5ing ond morketing oclivitie5 ore overseen and implemented by the founding director, cornplemenled by paid and pro-bono consulianls providing ad_hoc and on-going support in areas such as PR, graphic design, and digital marketing. A<hievements and performonce in the year The charity continued to use ils resources prirnarily lo improve school infraslruclure. lo provide food for a doily lunchiime metsl ond cleon woter for diinking, cooking and cleoning ond to support other on-going school running c0515 including the salories ol odditiontsl leaeher$ ond 5UPPOrt sloff a$ well as repoir ond rnainlenance aclivilie& The on-going redeveloprnenl ol our eighth partner school al Mkarnenyi Primary remained our focus and particular activities there in the year included the conslrudion ol a kitchen and dining hall, inslallalion of 60,000 lilres ol rainwater harve51ing and storage capacity, and landscaping works lo create a central coutyard and a5sernbly ground area. Total expenditure on the project, which was initially budgeted al approxirnately £250,000, now totra15 around £225,000. It 1$ onticipated that the majority of planned works will be cornpleted before the end 012023/24 and ihe final c051 will be c105er to £300,000. Awoy from Mkamenyi, smoll_seole projects were undertaken at some ol our other seven portner schools. Thi5 included the construction ol storerooms, inslallalion ol addilional rainwater horvesling & storage capacity and new toilels. The charity also funded the creation ol a fenced kitchen garden space al our smallesl partner school, Ngurnbenyi Primary, which we hope will be a smoll slep lowards the school becorning tnoie self_suffi'cient both by being able to grow some of its own food and tro sell exce55 10 genertste on income.
Afri¢on Promise Trustees, Report for the Annual Ac¢ounls 2022-23 The addition from April 2022 of Mkamenyi Primary and 115 600 pupils as beneliciaries of food provided by the charity rneanl that, in cornbinalion with on-going rises in the price of foodstuffs, expenditure on our 'Feeding Minds, programme increased by 54 /. From 2021 /22 10 £54,473 in the year. We exped similar or even higher levels of expendibjre in 2023/24. The charity donated, in cash, a lolal ol KES 3,734.4001£25,721 I directly lo schools during the year which wo$ used to portially fund the salories of cireo 75 extro staff, ond troword$ vital rnoinlenanee ond upkeep aetivihe5 $ueh os iepltscing broken/mi5$ing window glozing, repoir of fumilure, ond repoinling. Wiihoul this support schools would be severely underslaffed and lacililie5 would Fall inlo a slate of disrepair. Given the existing demand on the charity'5 resources and the arnounl of work still required in some ol our oldest partner 5choo15 to equip Ihern with lacililie5 that have become part of the AP 'model school, and lo bring them up to the Some stondord os our more recenl portner schools, the Tru5tee5 hove re501ved thol for the time-being trhe chority will continue lo focu5 115 efFor15 only on its existing nelwork ond consequently there ore no plans to extend our support to otrhei neighbouring schools, in any shape or Form. Fund generation Income continued lo be generated From a broad and diverse range o150urces and reached a record high £227,13312021 /22.. £212,3291 in the year. There was no change lo the charity's rneihods and proees5 for roi5ing lunds in the yeor which 15 rellected by the almosl identical expendilure on fundroi5ing ond markelirig oclivitie$ of £14,021 compored to the pre0V5 yeor l£14,1491. C0515 incurred ineluded Monthly consultancy, rnonogement ond platForm lees, hire ol donahon terrninols, and other lundroising rnalerials and resource5. Trust5 237,500116.5Y.I Individuals £46.846120.6°AI Income £227,133 Community & events £19,48518.6/1 Corporate £117,275151.61.1 Gift Aid & other 26,02712.6/.1 For a second year in a row income was inllaled by an unusually large and/or unexpected one-oFF donolion, this lirne ol £1 00,000 Irorn our long-time corporate partner Aspect Capital following £50,000 received from Childrensalon in 2021 /22. A further donation of £12,814 from Childrensalon in 2022/23 meont that incotne Irom Ihe5e two donor5 olone oceounted for 50/0 of trotal income in the year.
Afri¢on Promise Trustees, Report for the Annual Ac¢ounls 2022-23 Other notable income and revenue generating achvilies in the year included-. Our sixth onnual Chrislmus Carol Service which raised around £2,900 after c051s plus £1,840 in o$socitsted donotion Donolion5 totalling £5,188 (excluding Ju51Giving lees ond Gifr Aid) raised by nine-yeor-old Freya Hyslop who undertook o week_long l Ookm wolk to school ehollenge. A 15" birthday Prize Drawwhich generated £700 Inell. Around £3,200 raised by pupils al Hilden Grange School frorn a walking challenge that concluded our charity of the year partnership lor the 2(T21 /22 acadernic year. £15,000 raised frorn the BigGive Chri51m05 Challenge 2022 including frorn donotions ond matching lund5 frorn funder Donation5 from long-term ptsrtner$ ond svpporters Art150n5 & Adventuieis l£1,0531, Hozel's Footprin15 Trust I£0,5001, Hugh Syrnons Charitable Tru511£5,0001, Mageni Trusl1£2,5001, Souter Charitable Tru511£5,0001 and Ralanben Zaverchand Kara Foundation (£1 1,0001. The Tru51ees would like to ploce on record their sineere ihonk$ to oll those who hove supported the ehority and ils partner schools, their staff, and pupils in some capacity during the year. The TIu5tees do not onticiptste any materitsl change lo the chority's fundroising 51rotegy in 2023/24 ond rernain conlidenl that the charity has the necessary capocity and resources lo raise 5uFFicienl lunds lo meet ils obligations and comrnilmen15 going forward. However, wiihoul similar size donation5 Irorn either Aspect Capital or Childrensalon il is likely that income will fall back lowards pre 2021 /22 level5. Financial Review Summary of finoncial position The Statement of Finonciol Activities tro follow Ipage 81 $how$ the combined income and expendilure ol the charity in the UK and Kenya For the year lo 31" March 2023. The accounts show lolal incorne for the year of £227,13312021 /22.. £212.3291 against expenditure of £176,19912021 /22.. £192.0651, resulting in a surplus of £50,748 after accounting For exchange rate gain5. The year c105ed with lolal fund5 01 £145,707 of which £91,312 wos held in restrieled fund The relatively high level of Mnd5 15 ltsrgely occounted lor by two factor& Firstly, thol two thirds of the charity'5 income wo$ received in the linal four monih5 01 the year ond there had not been the opportunity to Spend it btrfore the year-end and Secondly, that ihe figure includes lund5 thot hod been received in 2021 /22 bul Sel aside lor expenditure in 2023/24. 1115 anlicipaled Ihal the charity will operale al a deficit for the 2023/24 Financial year. Reserves policy It is our policy lo maintain sufficient funds in reserve lo enable core aclivilies lo continue over a period of 3 months should o shortFall in ineome oecur ond to take occount of potentiol risks Ihatr moy orise. The Truslee$ hove deleimined this os approxirmtely £9,000 for the lorthcoming yeor.
Afri¢on Promise Trustees, Report for the Annual Ac¢ounls 2022-23 The charity held 'lree general lunds 01 £54,395 al the year-end which is significantly oboye the Truslees, largel. This was largely because hvo thirds of the charity's income 01 £227.133 was received in the Final four months of the year and there had not been the opportunity lo spend il before the year-end. The Trustees believe Ihal the scale ol our current operations requires no change lo the reserve5 policy. Curren<y exchange As in previous years, the charity used lorward conlracls lo provide greater budgetary certainty and lo rnitigale ogoinst volatility in exchange rate5. The Tiustee5 had sel the budseted exchtsnge iale for the year ot 145KES..£ I bosed on o lorword currency controet for KESI 5,000,000 al o role of 145.15 wilh o volue date of 17.02.2023 thatr wos booked in February 2022. During trhe yeai, on odditional forward contract lor KES5,000,000 was booked al a rale of 145.5, resulting in an adual average exchange rate for the yeor of 145.1912021 /22.. 142.081. The Trustees have sel a budgeled exchonge rale of145 lor the 2023/24 financial year having booked o forword conlroct for the period to the value of KESI 5,000,000 ot o role of 143.5. Stalement of Trustees, Responsibilities Cornpany law require5 the Iruslees lo prepare financial slalemenls Ihal give a true and fair view ol the 51tsle ol the affairs ol the charity al the end ol the finonciol year and ol its incoming resourees and applicolion ol ie50urce5. In preparing these linancial 5talernen15, the TIu51ee5 ale required to= select suilable accounting policie5 and then opply them consi51enily. rnake judgments and eslirnales that are reasonable and prudent. slate whether applicable accounting standards have been Followed, subjed lo any material departures disclosed ond exploined in the finoneiol strolernent4 ond prepare the financitsl stotements on o going concern bosis unle5$ IF 15 inoppropriole to presume that the charity will continue in operation. The tru5tee5 ale responsible for mointoining proper oecounling reeord5 thot disclose wilh rets50noble occurocy at ony lime the finaneiol p05i1ion of the chtsrity tsnd which enables them lo ensure that the financial statements comply with Ihe Cornpanie5 Act 1985. The trustees are olso responsible lor saleguarding the assets ol the charity and lor laking reasonable steps for the prevention and detection of fraud and other irregularities. Risks & safeguarding The Iruslee5 have identified and assessed the major ri5k5 to which the charity is exposed, including internal fraud, currency market volatility, loss ol key individuals, and reliance on few lunder& Systemi processes and measures have been established lo miligale Ih05e risks including robust Financial recor&keeping, the Use of currency forwards, building the Tiustee5 working knowledge of the chority and o locus on diversifying income ond incre05in9 ihe level of unrestrieted incorne.
Afri¢on Promise Trustees, Report for the Annual Ac¢ounls 2022-23 African Promise ensure5 slalulory requirements concerning disclosure checks ore mel, rnainlain5 an up-lo- dale saleguarding policy and procedures, and provides safeguarding training lo all staff and volunteers. There were no reported saleguarding incidents in the year. Declaration The TIu5tees' Report wos opproyed by the Trustetr$ ond $igned on their beholl by-. Trustee Date Christopher Ott Chairman Gary Shiels Treasurer
African Promise Statement of Finoncial Activities for the Annual A¢¢ount$ 2022/23 Unre51ricled Resliicted Total Totol Fund5 2023 Fund5 2023 Funds 2023 Funds 2022 Notes Incoming resources Incoming resovrces from generated funds Volunlary incorne Gift Aid & investmenl income 174,297 5,006 47,830 222,127 204,916 5,006 7,413 47,830 227,133 212.329 Total incoming resources 179,303 ReVr¢•5 expended Charitable activities Costs ol generating voluntary income Governance & adrninislralion 12,224 14,021 6,505 143.369 155,593 170,535 14,021 14,149 6,505 7,381 Total resources expended 32,750 143.369 176,119 192.065 Net income resources before transfers 146,553 195,5391 51,014 20.264 Transfers 1125,7911 125,791 Goins ond Ilosse51 on currency exchange Net movement in funds 1281 12381 12661 2,209 20,734 30,014 50,748 22,473 Total funds brought forward Total funds Carried forward 33,661 61,298 94,959 72,486 54,395 91.312 145,707 94,959
African Promise Balance Sheet for the Annual Accounts 2022/23 Total Funds Total Fvnds 2023 2022 Notes Fixed assets Current ossets Debtor$ Cash al bank and in hand CAF Bonk CAFCash oceouni #00016284 145,068 145 77,208 95 Pounds sterling cash Absa Bank account #0541079831 Absa Bank occount #0541082433 Kenyan shilling in cash Alpha FX oceount Total current assets 13,902 4,386 1,109 1,125 976 5,379 153,807 96,759 Liabilities 18,1001 11,8001 Net assets 145,707 94,959 Funds ofthe charity General 'lree funds Reslricted funds 54,395 91,312 33,661 61,298 Total funds 145,707 94,959 The Accounts were approved by the trustees on and signed on their behalf by: Gary Shiels Treasurer
African Promise Notes to the Annual Accounts 2022/23
1. Accounting Policies
The principal accounting policies are summarised below. They have been applied consistently throughout the period.
a) Basis of accounting
The Accounts have been prepared under the historical cost convention, in accordance with applicable accounting standard and comply with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).
b) Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
c) Incoming resources
Income is recognised in the period in which the charity is entitled to receive it and when the income can be quantified with reasonable accuracy.
Grants are recognised when the charity becomes beneficially entitled to them. Investment income is included when receivable. Incoming resources from tax reclaims are included at the same time as the gift to which they relate.
d) Outgoing resources
The cost of charitable activities includes costs incurred by the charity in carrying out its activities and services. It includes costs directly attributed to those activities and a share of indirect costs necessary to support them.
Governance costs comprise the costs associated with meeting the constitutional and statutory requirements of the charity and include any costs associated with the preparation and examination of statutory accounts.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs which relate specifically to a particular activity are allocated wholly and directly, others are apportioned between different activities on an appropriate basis.
e) Foreign exchange
This includes any gain or loss arising on translating transactions carried out in Kenyan Shillings to GB Pounds and vice-versa. Transactions during the year are translated at an average exchange rate for the year and closing cash balances are translated at the year-end exchange rate.
f) Assets
Kenyan cash and bank balances are converted to GB Pounds using the exchange rate operative at the year-end date.
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African Promise
Notes to the Annual Accounts 2022/23
2. Analysis of incoming resources
| 2. Analysis of incoming resources |
||||
|---|---|---|---|---|
Voluntary income Individual giving Trusts & foundations Corporate Supporter/community fundraising Events Charities & partners (inc. Kids4Kenya) Investment & Gift Aid income Interest Gift Aid |
Unrestricted Funds 2023 £ 35,897 7,500 116,570 5,695 7,614 1,021 174,297 146 4,860 5,006 |
Restricted Funds 2023 £ 10,949 30,000 705 6,176 - - 47,830 - - - |
Total Funds 2023 £ 46,846 37,500 117,275 11,871 7,614 1,021 222,127 146 4,860 5,006 |
Total Funds 2022 £ 41,211 64,910 71,459 20,216 6,499 622 |
| 204,916 | ||||
| - 7,413 |
||||
| 7,413 |
3. Analysis of resources expended
| 3. Analysis of resources expended |
|||||
|---|---|---|---|---|---|
Projects & programmes Infrastructure & buildings Resources & equipment Learning programmes Teacher & support staff salaries Feeding programme Water supply Support costs Staff costs Travel, transport & accommodation Office costs Fundraising materials & services Advertising, PR & website Challenge events Events Bank charges Regulatory & membership Other |
Charitable Activities 2023 £ 52,263 4,366 - 23,014 54,473 2,241 14,431 3,574 1,231 - - - - - - 155,593 |
Fundraising & marketing 2023 £ - - - - - - 6,912 - - 2,161 1,641 - 3,307 - - - 14,021 |
Gov. & admin 2023 £ - - - - - - 3,456 - 971 - - - - 171 107 1,800 6,505 |
Total Funds 2023 £ 52,263 4,366 - 23,014 54,473 2,241 24,799 3,574 2,202 2,161 1,641 - 3,307 171 107 1,800 176,119 |
Total Funds 2022 £ 71,908 16,711 536 24,553 35,451 1,536 24,567 4,451 2,513 2,164 1,696 660 2,575 261 663 1,821 |
| 192,065 |
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African Promise Notes to the Annual Accounts 2022/23
4. Support costs
Staff costs
Staff salaries are allocated 100% towards charitable activity for Kenya staff and 40% charitable activity, 40% fundraising and 20% administration for our Director's consultancy fees. All office and staff costs incurred in Kenya are allocated 100% towards charitable activities.
Fees for examination of the accounts
The independent examiner is charging a fee of £1,500 +VAT for their services.
5. Taxation
The charity is exempt from corporation tax on its charitable activities.
6. Gains and losses on currency exchange
| 6. Gains and losses on currency exchange |
||
|---|---|---|
Opening cash and bank balances translated at closing rate for the previous year Kenyan shillings 2,755,451.55 @142.08 Income less expenditure for the year translated at average rate for the year KES (2,288,532) @ 145.19 Kenya expenditure at budgeted average rate less Kenya expenditure at actual average rate KES 17,043,932 @ 145.00 less KES 17,043,932 @ 145.19 Closing cash and bank balances translated at closing rate for the year Kenyan shillings 466,919.55 @ 145.19 7. Liabilities Independent examiner fee (2022/23) Independent examiner fee (2021/22) Golf Day entry fees |
2023 £ 19,394 (15,762) (154) (3,216) 266 2023 £ 1,800 1,800 4,500 8,100 |
2022 £ 3,866 15,699 (2,381) (19,394) |
| (2,209) | ||
| 2022 £ - 1,800 - |
||
| 1,800 |
Details
Golf Day entry fees
Entry fees and sponsorship for our inaugural Golf Day due to be held on 11 May 2023 were held in a debtors account until completion of the event.
12
African Promise
Notes to the Annual Accounts 2022/23
8. Movement in funds
| 8. Movement in funds |
||||||
|---|---|---|---|---|---|---|
Restricted funds Projects & programme management Feeding Minds Teacher salaries Toilets4All Water4Schools Ngambenyi Primary School Kiteghe Primary School Mkamenyi Mkamenyi (furniture) Mkamenyi (rainwater) WASH Textbooks4All Right2Play Unrestricted funds General funds |
Balance at 01.04.22 £ 144 48,324 333 30 1,110 3,530 - (3,411) 98 - 11,144 (4) - 61,298 33,661 33,661 94,959 |
Incoming Resources £ - 23,566 353 236 - 6,500 3,070 1,000 - 10,000 - - 3,105 47,830 179,303 179,303 227,133 |
Transfers £ 19,088 57,019 22,380 4,749 2,365 (4,236) (1,601) 33,141 - - (7,114) - - 125,791 (125,791) (125,791) 0 |
Outgoing resources £ 19,205 54,473 23,014 5,007 3,467 868 - 30,674 - 4,620 - - 2,041 143,369 32,750 32,750 176,119 |
Losses on Currency £ 26 69 52 8 8 2 - 58 - 10 - - 5 238 28 28 266 |
Balance at 31.03.23 £ 1 74,367 - - - 4,924 1,469 (2) 98 5,370 4,030 (4) 1,059 |
91,312 |
||||||
54,395 |
||||||
54,395 |
||||||
145,707 |
Details of selected restricted funds
Feeding Minds
Incoming funds included proceeds of £14,719 from the BigGive Christmas Challenge 2022 and a grant of £2,500 from The Souter Charitable Trust.
WASH
Transfers of £4,749 and £2,365 were made to the Toilets4All and Water4Schools funds respectively to cover the cost of Water, Sanitation and Hygiene (WASH) related projects.
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Afri¢on Promise Independent Examiner's Report for the Annual Ac¢ount$ 2022-23 I report lo the Iruslees on my exarninalion of the accounts ol African Promise (the Trusil for the year ended 31 March 2023. Responsibilities and basis of report As the ehority tru$tee5 01 Ihe frustyou ore respon$ible lor the preporolion ol Ihe occount$ in oceordtsnce with the requirernen15 01 the Charilies Acl 2011 I'ihe Acl'l. I report in respect of my exarninalion of the Trust's accounts carried out under Section 145 01 the 201 l Act and in carrying out my examination I have Followed all the applicable Diredions given by the Charity Commission under seclion 14515llbl ol the Ad. Independent exominer's statement I have cornpleled rny examination. I confirrn that no material motler5 have come lo rny atlenlion in connection with the examination giving rne cause lo believe Ihal in any material respecl.. {1 } accounling records were not kept in respect ol the Trust as required by sedion 130 of the Acl,. or {2} the accoun15 do not accord with Ih05e record5,' or {3} the accoun15 do not eomply with Ihe opplicoble requirements concerning ihe Form ond eontenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and lair, view which is not a rnatter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connection with the examination lo which attention Should be drawn in this report in order lo enable a proper underslanding ol the occoun15 to be retsched. Name.. Ryon Evan5 Relevant professional qualiPication or body: FCA qwlified _ Member of the Inslilule ol Chartered Accounlanls in England and Wales IICAEWI Address.. Codenee Accounling, Suite 3, 157 Siotion Road Easl, Oxled, Surrey, RH8 OQE Dale: