THE BROOMTON FOUNDATION
REPORT AND ACCOUNTS
YEAR ENDED 5 APRIL 2024

THE BROOMTON FOUNDATION
I N DEX
Year ended 5 April 2024
Page
General information
Trustees, annual report
Auditor's report
Statement of financial activities
Balance sheet
Statement of cash flows
10
Notes to the financial statements

THE BROOMTON FOUNDATION
GENERAL INFORMA TION
Year ended 5 April 2024
Established by deed
6 April 2008
Charity number
1125386
Trustees
B Chamberlain
J F Chamberlain
R H Chambcrlain
K E Lewis
Principal office
Providence House
141-145 Princes Screet
Ipswich
Suffolk
Ipi ioj
Trust summary
The charity was esLiblished in the Unitcd Kingdom by a
dced d,Ited 6 April 2008.
The income and capit.Il of the Trust ie
held by the Trusrees
for such charitable purposes as they think fit.
Up to 5 April 2021 £12,568,127 was ￿'fted to the Trust.
On 22 Deccmber 2021 £1,443,000 was ￿fted to the Trust.
On 4 January 2022 £1,707,000 w2s gifted to the Trust.
On 22 December 2023 £1,900,000 was grfted to the Trust.
Bankers
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Investment advisors
CCLA Investment Management
l Angel Lane
London
EC4R 3AB
Auditor
Dixon Wilson Audit Serviccs LLP
22 Chincery Line
London
WC2A I LS

THE BROOMTON FOUNDATION
TRUSTEES
ANNUAL REPOR T
Year ended 5 April 2024
The Trustees present their annual report and accounts for the year ended 5 April 2024, The accounts comply with
current statutory requirements and are in compliance with the relevint provisions of the Charities Act 2011, the
Trust Deed, and Accounting and Reporting by Charities: Statement of Rccommcnded Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Sthnd1rd applicable in the UK and
Republic of Ireland (FRS 102) (effective l Jinuary 2019). The report should be recid in conjunction with the general
information provided on pigc 2.
Administrative information
The Broomton Foundation is I chiriry registered with the Ch2rity Commission, registration number 1125386. It is
governed and constituted by a Trust Deed dated 6 April 2008.
Structureg governance, and management
The Trustees who have served during the yeir Ire those shown on page 2. The power of appoincment of new
Trustees is vested in the current Trustees in accord.Ince with the terms of the Trust Deed.
New Trustees are thoroughly briefed by the existing Trustees on appointment to their posts.
Objectives and activities for the public benefit
The objett of the charity, as set out in the Trust Deed, is to provide financial support to such charitable purposes
or charitable institutions as the Trustees in their absolute discretion select. The chirity's only activity is fulfilling
this obFctive by making grants and donations throughout the year.
The Trustees, having regard to the public benefit guidance published by the Charity Commission in accordance with
section 17 of the Charities Act 201 I, consider that the purpose 2nd activities of the charity satisfy the requirements
of the public benefit test set out in section 4 of the same act.
Achievements and performance
The Truscees. overall investment objective is to maintain a multi-asset portfolio and achieve a balance of Income
and capital growth.
Recipients of grants are idenufied and selected by the Trustees, who meet on a regular basis to discuss the chariry's
applicauon of funds. Once all Trustees arc in agreement as to the nature and size of grants, these are made
according to the Trustees, instruccions. The chancy does not respond to unsoliciced requests for funding.
During the year total ￿ftS to the Endowment fund of £nil (2023 £nil) were received. TOLII gifts £0 the
Unrestricted fund were £1,901,121 (2023 - £752). Donations Imounting to £180,044 (2023 - £196,760) were
committed to by the Trustccs.
Donations included significint support of both local Ind global charitable
institution: supporting a wide range of causes, Ic s shown on page 12 of these Iccounts.
During the previoue
accounting pcriod, a significant grant wis awirdcd to the Miggie Kcswick Jencks Cancer
Centres Trust (Maggie a). Maggie's is an independent charity outside of the NHS thit spcciilises in cancer circ,
providing emotional support and pr2Ctical advice. The grint has been Iwardcd to M.Iggie's for the purpose of
building a new cancer support ccntre in Cambridge, The centre will provide an evidence-bascd programnie of
SOC131, emotional and prattical support for people living with c.Incer, The gnnt is Pl￿ble in three instilnicnts of
£ 1,000,000 over a three-year period 2nd is
rubject to the complction of key milestones which have not yel been
met. The commicments have been disclosed in the accounts as a contingent li.Ibility which is dctiiled in note I l.
The grant i: condition31 upon cerLlin critcna and will be rccognised Is a liibility in the accounts once it bccomes
probable that the grnnt will be paid.

THE BROOMTON FOUNDATION
TRUSTEES
ANNUAL REPOR T
Year ended 5 April 2024
Financial review and risk management
Investments at the year-end had a market V<ilue of £16,393,581 (2023 - £15,215,876), an increase of 7.7% (2023
increase of 0.9%). Endowment funds stand at £16,393,581 (2023 £15,215,876) and Unrestricted funds are
currently £5,757,699 (2023 £3,464,455). The Endowment funds are, in accordance with the Trust Deed,
expendable endowment funds created by ongoing gifts, and the Unrestricted funds .1re the funds used to finance the
chariry's charitable activities.
It is the Trustees. policy to distribute income as soon as practical after receipt. However, if suitable charities or
charitable purposes to support cannot be identified, the Truscees will retain reserves until such time as suit.Ible
charities or charitablc purposes can bc identjfied.
The Trustees have identified che major risk to the charity as a fill in incoming resources. The n:k has been
rcviewed and is deemed low likelihood .Ind imp2Ct, The Trustees manige chis risk by maintaining substanrial
resources in the Endowment fund of the charity.
Trustees, responsibilities in relation to the financial statements
The Trustees are responsible for preparing the Truscces, Annual Report and the financial statements in accordance
with applicable law and United Kingdom Accouncing Scandards (United Kingdom Generally Accepced Accounung
Prattice).
The law applicable to charities in England and Wales requires the charity Trustees to prepare financiil statements
for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that period. In preparing the financial statements, the Trusiees are
required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent.
stare whether applicable accounting standards hive been followed. subject to any material departures thac must
be disclosed and explained in the financial statements; and
prepare the financial stacements on the going concern basis unless it is incippropriate to presume that the charity
will continue in business.
The Truecees are responsible for keeping proper accounting records that disclose with rcason.Ible .Iccuracy at any
time the financial posicion of the chariry and to en2ble them to ensure that the financial sLitements comply wich the
Charioes Act 2011, che applicable Charities (Accounts and Repons) Regulations, and the provisions of the Trust
Deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the
prevention and detection of fraud and other irregularities.
So far 2s each Tru:tee is aw.Ire, there is no relevant audit information of which the charity's auditors are unaware.
Each Trustee h2S taken 211 reasonable steps that they ought to have taken as a Trustee in order to make themselves
aware of any relevant audit information and to establish th.It the charity's iuditors .Ire .Iware of thit information.
By order of the Trusrces
B CHAMBERLAIN
Trustee
30-1- 2025

THE BROOMTON FOUNDATION
AUDITOR'S REPOR T
Year ended 5 April 2024
Independent Auditor's Report to the Trustees of The Broomton Foundation
Opinion
We have audited the financial SLltemcnts of The Broomton Foundation (the 'chirity') for the year ended 5 April 2024
which comprise the statement of financial activities, balance sheet, statement of cashflows and notes to the financial
statements, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Scandards, including Financial Reportin
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion, the financial statements."
give a true and fair view of the state of the charity's affairs as at 5 Apnl 2024 and of its incoming resources and
application of resources for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice" and
have been prepared in accordance with the requirements of the Charities Act 2011 .
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
Our responsibilities under those standards are further described in the Auditor's responsibilitses for the audit of the
financial statements section of our report. We 2re independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethic31 St2nd3rd.
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
audit evidence we have obtsined is sufficient 2nd appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In audiung the financial statements, we have concluded that the Trustee's use of the going concern basis
in the preparation of the financi21 statements is appropriate.
ccounting
Based on the work we have performed, we have not identified any material uncertainties relating to even
or
conditions tha( individually or collectively, may cast significant doubt on the charity's ability to continue as a goin
concern for 2 period of at least twelve months from when the financial statements are authorised f
issue.
Our responsibilities 2nd the respon
secuons of this repon.
ibilities of the Trustees with respect to going concern are described in the relevint
Other information
The other information comprises the infonnation included in the annual report. other than the finan
statements
our auditor's report thereon. The Trustees are responsible for the other information. Our opinion on th
Inanc
SLltements does not cover the other Information and we do not express any form of
surance conclusion thereon.
In connection with our audit of che fina
ial statements, our re
onsibility is to re.Id the other information and, in
doing so, consider whether the other inforniauon is materially Inconsistenc with th financiil stitemcncs
knowledge obtained
audit or otherwise appears to be materiilly misstated. If we identify such maierii
inconsistcncies or appil rent m.Iterial misstatemen￿, we are required to determine whecher there is a ma
miaatacement In the financial statements or a matenal misstatement of the other information. If, bic d on the wor
we
2ve perfornied, we conclude that there is a material misstatement of this other information. we are required t
rcport that fact.
ave nothi g to rep
in t
s regard.

THE BROOMTON FOUNDATION
AUDITOR'S REPOR T
Year ended 5 April 2024
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in rclation to which the Charities (Accounts 2nd
Reports) Regulations 2008 require us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the trustees report; or
sufficient accounting records have not been kept; or
the financial statements are not in agrccment with the Iccounting records; or
we have not received all the information and explanations we rcquire for our audit.
Responsibilities of trustees
As explained more fully in the Trustecs, responsibilities statement set out on page 4, the Trustees are responsible for
the preparation of the financial statements and for being satisfied that they &ve a true and fair view, and for such
internal control as the Trustees determine is necessary to enable the prep2rauon of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity's abilicy to continue as a
going concern, disclosing, as applicable, matters related to going concern 2nd using che going concern basis of
accounting, unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effett thereunder.
Our objettives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatemenl whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audic conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in aggregate, they could reisonably be expetted to influence the economic
decisions of user5 taken on the basis of these financial statements.
Irregulariues, including frdud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect material misstatements in respecc of irregulariu'es. including fraud.
The extenc to which our procedures are capable of detetting irregularities, including fraud is detailed below:
We gained an understsnding of the legal and regulatory fnmework applicible to the charity by considering, amongst
other thing:, the sector in which it operates, and considered the risk of acts by thc chirity that were concrdry £0
applicable laws and regulations, including fraud. We designed audit procedures to respond to the assessed level of
nsk, but recognised that the risk of not detecting a miteriil misst,Itcment due to fnud is higher th.In the risk of noi
detccting one resulting from error, as frnud miy involve delibcrate conccalnient by, for eximple, forgery or
intention21 misrepresenLltion:
or through collusion.
We focused on laws and regulations which could give rise to a niiterial misstatement in the financial statements,
including, but not limited co UK Charity Law.
Our tests included ,Igreeing the financiil statement disclosures to underlying supporting documentation, enquines
with management and confirmation of cash ba11nces with the charity's binks.

THE BROOMTON FOUNDATION
AUDITOR'S REPOR T
Year ended 5 April 2024
As in all our audits, we also addrcssed the risk of minigcment override of intcrnil I controls, including testing journils
and evaluating whcthcr there was evidence of bi,Is by minagement th.It representcd a risk of material mis:Lltement
due to fraud.
There are inherent limitations in the audit procedures descnbed above and, the further rcmovcd non-compliance
with laws and regulau'ons is from the events and transactions reflected in the financial SLltcments, the Icss likely we
would become aware of it. We did not identify any key audit matters relating to irregularities, including frnud.
A further description of our responsibilities for the audit of the financiil statements is locatcd on the Financial
Reporting Council's website at.. www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's
report.
Use of our report
This report is made solely to the chirity's Trustces, as a body, in accordance with regulations madc undcr section 154
of the Charities Act 201 l . Our audit work has been undertaken so that we might SLlte to the charity's Trustees those
matters we are required to state to them in an iuditor's report and for no other purpose. To the fullest extcnt
permitted by law. we do not accept or 2ssume responsibilicy to anyone other than che chariry and the charity's
Trustees as a body, for our audit worl for this report, or for che opinions we have fonncd.
Dixon Wilson Audit Services LLP, Statutory Auditor
22 Chancery Lane
London
WC2A I LS
30 January 2025
Dixon Wilson Audit Services LLP is eligible to act as an auditor in terms of section 1212 of the Companies Att 2006.

THE BROOMTON FOUNDATION
ST A TEM ENT OF FINANCIAL ACTIVITIES
Year ended 5 April 2024
Note
Unrestricted Endowment
funds
funds
2024
2024
Total Unrestricted Endowment
funds
funds
funds
2024
2023
2023
Total
funds
2023
Income from:
Donations and legacies
Investnient Inconie
Bank Interest
Dividend Inconie
Other Inconie
1,901.121
1,901,121
752
752
127,305
448,059
15,636
127,305
448,059
15,636
25.493
443,420
15,185
25,493
443,420
15,185
591,000
591,000
484,098
484,098
Total income
2,492,121
2.492,121
484,850
484.850
Expenditure on:
Charitsble activitses
(198.877)
(198.877)
(198,877)
(212,842)
(212.842)
(212.&12)
(212.842)
Total expenditure
(198,877)
Net ￿InS](lOsses) on financial 4
assets
1,177,705
1 .177,705
(732216) (732.216)
Net incomel(expenditure)
2,293,244
1,177,705 3,470,949
272,008
(732216) (460.208)
Net movement in funds
2,293,244
1,177,705 3.470,949
272,008
(732216) (460.208)
Reconciliatson of funds..
Funds brought forward
3,464,455
15,215,876 18,680.331
3,192.447
IS.￿8.092 19,140.539
Funds carried forward
5,757,699
16,393,581 22.151,280
3,464,455
15,215.876 18,680.331

tj t.) t. i.,,
1014
15.21t
J.4'1:/; j/$
5,5ts41
.3,4A4.451
N'tt c¥"rrcnt .
The fiinG¥ cf thr cl7,Irity;
IA,3?3,S.3 1
l/ A
/ £ Lr://i¢
CrJ*ff.9fF¥iAII,I
J F Ck,:*.f*L£P:LA!sh

THE BROOMTON FOUNDATION
ST A TEMENT OF CASH FLOWS
Year ended 5 April 2024
2024
2023
Net movement in funds
3,470,949
(460,208)
(478, 025)
732,216
Less". cish from non-openting activities
(Less)IAdd: (Gains)/Losses on investments
Less. Increase in debtor5
(555,964)
(1,177.705)
(34,838)
47,283
(6270)
(110.184)
(322.471)
Incre3se/(Decre2se) in creditors
Net cash generated froml(used in) operating activities
Cash flows Crom invescing activities..
Dividends, rebates, and intcrest
1,749,725
555.96A
478,025
Purchase of investments
(875. 037)
(397,012)
Net cash generatedl(used) in investing activities
555,964
Change in cash and cash equivalents
Cash and cash equiyalents brought forward
2,305.689
(719.483)
4,104,577
3.385.094
Cash and cash equivalents carried forward (page 9)
5,690,783
3,385.094
10

THE BROOMTON FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 5 April 2024
Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparntion of these financial statemcnts arc sct out bclow. The:
policies hayc been consistcntly applied to all the ycars presentcd, unless otherwise stated.
Basis of preparatlon
The financial statements have been prepared under the historical cost convention with items recognised at cost or
trnns2Ction value unless otherwise stated in the relevant notes to these accounts. The financial statements have
been prepared in accordance with the Stacement of Rccommendcd Practicc: Accounting and Rcporting by Chancics
prepanng their accouncs In accordince with the Financial Reporting SLindird applicable in the United Kingdom and
Republic of Ireland (FRS 102) issued on l J.Inuary 2019 and the Charitics Act 2011.
The Trust constitutes 2 public benefit enfiry 4lS defined by FRS 102.
Fund accounting policy
Unrestrictcd funds are gener21 funds thac are av.iil.Ible for use .It the Trustees. discretion in furthernnce of the
objectives of the charity.
The chariry has an endowment fund created by ongoing ￿fts. The terms of the endowment allow the capital of che
fund to be spent at the Trustees, discretion in funherance of the objectives of the charity
Going concern
The Trustees consider that there are no matenal uncertainties about the Trust's abiliry to continue as a going
concern, 2nd that there are no key assumptions that affect items in the Iccounts.
Income recognition
All income is recognised once the charity has entitlement to the income, ic is probable that the income will be
received, and the amount of income recciv2ble can be measured reliably.
Donations and legacies are recognised when the charity has been notified in wriung of both the amount and the
setclement dace.
Dividends are accounted for on an ex-dividend accruals basis. Interest on dcposics and fixed interest securities are
accounted for on an accruals basis.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is 2 legal or constructive obligation committing the chanty
to thac expendicure. It is probable that settlement will be required, and the amount of the obligation can be
measured reliably.
Gr3ntf payable are payments made to third parties in the furtherance of the charitable objects of the Trust. This is
2ccrued once the recipient has been notified of the grant award
Provisions for liabilities
A provision is recogni.ed when the charity has a legal or construccive obligation to make a paymenc 10 a third
party. it I: probable thac settlement will be required, and cither the tsming or the amount of the obligation is
uncertain. The amount rccogni.ed as a provision is the best estimatc of Ihe expcnditure rcquired ro settle or to
transfcr the oblig21ion to 2 third party at the reportin£ datc. Provisions Ire discounicd where che (ime Yalue of
money is material.

THE BROOMTON FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 5 April 2024
Accounting policies (continued)
Fixed asset investments
Investments arc 2 form of basic financial Instrument 2nd are initially recogniscd at their trans3Ction rJlue and
subsequently measurcd at their fair vilue as at the balince sheec date using the closing quoted market price. The
statement of fininciil activitics includes the net gains l< nd105ses irising on reviluirion and disposals throughout the
year.
Functional and presentation currency
The financial statements Ire prescntcd in pounds stcrling which is the functional currency of the Trust and rounded to
the nearest £.
Financial instruments
Financial instruments are classified 2nd accounted for, according to the substance of the concrncrual arrangement,
as financial asscts or financial liabilities.
Taxation
The ch2riry is exempt from Lixation under secuons 521 to 536 of the Income Tax Act 2007.
Analysis of expenditure on charitable activitie5
Note
2024
2023
Grants to charitable causes and Institutions
180.OH
196.760
Support cos£s allocated to chantable activio'es..
Sundry
Trdvel
422
33
115
137
Governance costs allocaced co ch2rit.Ible activioes..
Audii
AccounLincy services
Bank chargc:
Consult2ncy fees
9,226
5.565
462
3,125
8.179
3.699
452
3.500
198,877
212,842
Grants and donations
2024
2023
DEC Turkey
He2dw3y
Kensington and Chelsea Foundition
Maggie's
Other In:tituuons
Pop Choru:
Riding for the Dif abled A:soci3tion
Seeding Hope
Tru::ell Trust
Young Livee v Cancer
50.000
50,000
10.000
10.000
2.405
9.355
i 0.000
i 0,000
3,380
6,664
130.0(Y)
20.000
5.000
50.000
10.000
180.044
196,760

THE BROOMTON FOUNDATION
NOTES TO THE FINANCIAL ST A TEM ENTS
Year ended 5 April 2024
Investment5
2024
2023
Mirkec vilue at 6 April 2023
Additions at cost
Net gainsl(losses) on financial assets (pige 8)
Markei value at 5 April 2024
15,215,876
15,073,055
875,037
(732,216)
15.215,876
1,177,705
16,393,581
Historical cost
Investments at fair value consists of:
UK unit trusts
Mirkct value at 5 April 2024
11,251,503
11,251,503
16,393,581
16,393,581
15,215,876
15,215,876
Debtors
2024
2023
Accrued Income
Prepayments
149,535
114,500
197
149,535
114,697
Creditors: amounts falling due within one year
2024
Accruals
Grants and donations payable
2023
12,262
70,357
82,619
9. 982
25,354
35.336

THE BROOMTON FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended S April 2024
Funds analysis
Opening
balance
Unrealised
gains
Clojing
balance
Income Expenditure
Unrestritted funds
Endowment funds
3,464,455
15,215,876
2,492,121
(198,877)
5,757.699
16,393,581
1,177,705
Total funds
18,680,331
2,492,121
(198,877)
1,177,705
22.151,280
Funds analysis - prior year
Opening
balance
Unrealised
losses
Closing
balance
Income Expenditure
Unrestricted funds
Endowment funds
3,192,447
15.948,092
484,850
(212,842)
3,464.455
(732.216) 15.215.876
(732,216) 18,680,331
Total funds
19,140,539
484,850
(212,842)
Total funds
Total funds 2t 5 April 2024 are represented by:
Unrestricted Endowment
funds
funds
Total
funds
Investments
Cash at bank and in hand
Debtors
Creditors
16,393,581
16.393,581
5.690.783
149335
(82,619)
22,151280
5,690,783
149,535
(82.619)
5,757,699
16,393,581
Related party transactions
The Trustees were reimbursed for expenses related to their services to the charity in the current year that
amounted to £33 (2023 - £137). The chanty had no employees during the year (2023 - none)
Aggregate donations received from related parnes, of which two directors Ire Trustees of the chariry, without
condition: tot211ed £1 ,900,000 (2023 £nil),
No further related party transactions requinng disclosure took plice during the reporting period.
14

THE BROOMTON FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 5 April 2024
l O. Financial assets and liabilities
The following are financial Iiabilitiea that qualify as basic fin.Inci21 instruments and are Initially recognised at
trnnsaction value and subsequently measured at their amortised cost
Financlal liabilities
2024
2023
Accru21s
Donations/grants payable
12,262
70.357
9, 982
25,354
82,619
35,336
The following are financial assets that qualify as bilsic financial Instrumcnts and are Inioally recogniaed at their
transaction v21uc and subsequently mcasured .It their fair value as at the b21ince sheet date using the cloaing quored
market price:
Financial assets
UK unic trusts
16,393.581
15.215,876
16,393,581
15,215.876
l. Contingent liability
The Trustees have agreed to donatc £3,000,000 to Maggie's towards the building of the Maue's Cambndge cenire
Paymeni will be made In three instalments and is subject to the completion of key proiecc milesiones
The first Instalment of £ 1,000,000 will be paid subject to che condition that planning permission has been secured:
which is estimated to occur by March 2025.
The second instalment of £ 1,000,000 is due to be paid once construction has commenced, which is estimated to be
January 2026.
The third insLilment of £ 1,000.000 is due to be paid upon practical completion of the building works, which is
estimated to occur during the summer of 2027.
15