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2023-08-31-accounts

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GREAT BARTON PATHWAYS LIMITED

' (A COMPANY LIMITED BY GUARANTEE)

; UNAUDITED

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: REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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COMPANY NUMBER: 06601291 CHARITY NUMBER: 1125759

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GREAT BARTON PATHWAYS LIMITED

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CONTENTS OF FINANCIAL STATEMENTS

Report of Directors/Trustees Pages 1 to 4 Statement of Financial Activities Page 5 Balance Sheet Page 6 Notes to the Financial Statements Pages 7 to 14 Independent Examiners Report Page 15

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GREAT BARTON PATHWAYS LIMITED

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REPORT OF THE DIRECTORS/TRUSTEES

The directors/trustees present their report with the accounts of Great Barton Pathways Limited for the year ended 31 August 2023. The annual report forms part of this report.

REFERENCE AND ADMINISTRATION DETAILS:-

DIRECTORS Mrs L Moss (resigned 5 October 2023) Mr R Webb (resigned 5 October 2023) Mrs H Feakes (appointed 6 October 2022) Dr L Powell (appointed 6 October 2022) Mrs J Robinson (appointed 5 October 2023) Mr X Robinson (appointed 5 October 2023) COMPANY SECRETARIES = Mrs H Feakes (appointed 6 October 2022) Dr L Powell (appointed 6 October 2022 and resigned 5 October 2023) REGISTERED/ PRINCIPAL OFFICE School Road, Great Barton, Bury St Edmunds, Suffolk, IP31 2RJ COMPANY REGISTRATION NUMBER 06601291 CHARITY REGISTRATION NUMBER 1425759 TRUSTEES Mrs L Moss (resigned 5 October 2023) Mr R Webb (resigned 5 October 2023) Mrs H Feakes (appointed 6 October 2022) Dr L Powell (appointed 6 October 2022) Mrs J Robinson (appointed 5 October 2023) Mr X Robinson (appointed 5 October 2023) BANKERS CAF REPORTING ACCOUNTANTS Twinn Accountants Limited, Suite 4 East Barton Barns, East Barton Road, Great Barton, Suffolk, IP31 2QY SOLICITORS Metcalfe Copeman & Pettefar, Cage Lane, Thetford, Norfolk, [P24 2DT

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GREAT BARTON PATHWAYS LIMITED

The directors submit /their REPORTReport and OFAccountsTHE DIRECTORS/TRUSTEESfor the year ended 31 August (Continued) 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 7 to 14 of the accounts and comply with the charity’s trust deed, the Charities Act 2011, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ofIreland FRS102 published on 16 July 2014 and updated 2 February 2016 and the Companies Act 2006.

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Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, it was incorporated on 23 May 2008 and registered as a charity on 8 September 2008. The company remained dormant until 1 August 2008 when operations from a former un-incorporated charity ‘Great Barton Under 5’s’ (charity number 1013627) were transferred.

The company was established under a Memorandum of Association which established the objectives and powers of the charitable company and is governed under its Articles of Association.

The company is limited by guarantee and has no authorised or issued share capital. The members may be called upon to contribute £1 each in the event of the company going into liquidation.

Trustee Induction and Training

The original and current trustees are already familiar with the practical work of the charity due to their ‘hands on’ involvement. Future new Trustees will be invited and encouraged to attend training sessions to familiarise themselves with the charity and the context in which it operates. Potential new Trustees will also be provided with the Charity Commission publication ‘The Essential Trustee: what you need to know’.

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Objectives and activities for public benefit

The principal activities of Great Barton Pathways Limited are in the pursuance of the objects for which it was formed,

namely:-

Enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:-

  1. Offering appropriate play, education and care facilities and training courses, together with the right of parents to take responsibilities for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion , means or ability.

  2. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs.

  3. Instigating and adhermg to and furthering the aims and objectives of the pre-school learning alliance.

The Board of Trustees are aware of their duty to ensure the activities of Great Barton Pathways further its charitable objectives and that these activities are for the purpose of public benefit.

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GREAT BARTON PATHWAYS LIMITED

REPORT OF THE DIRECTORS/TRUSTEES (Continued)

Achievements and Performance

The 2022/23 year has seen the Preschool through another settled and thriving year, with preschool and wrap around services operating at full capacity. Costs have continued to rise across the board, however the school has managed this _ well and has maintained its strong financial position throughout.

Total income has dropped by 6%, to £151.5k, down from just under £155k in 2022. Total income is broken down into ‘Preschool Fees' comprising mainly of Early Years Funding received from the government, and "Wrap Around Care’ comprising of breakfast, after school & holiday clubs, which is our privately generated income stream. Over the year the ‘preschool fees’ income has fallen by 33.7%, due to reduced pupil numbers compared with last year, however the ‘wrap around care’ income has increased by 31.1%, with the biggest increase seen in the holiday clubs due to the half term and end of term chibs having proven very popular. We are pleased to say that our wrap around care is now operating at the same rate as, if not slightly more than, pre-COVID times.

Total direct costs have seen an increase of 15.8%, rising from just under £109k in 2022 to £126.1k in 2023. Direct costs have seen an increase across the board, with a 19.3% increase in the food shopping, a 23.5% imcrease in materials & equipment, and a 17.2% increase in staff costs. Staff costs have risen as a result of running with a ‘full house’ as well as having continued to spend on training in various areas to further improve knowledge and qualifications. We have two newly qualified members of staff at level 5 & level 3 and another mid-way through their level 3 qualification. Pathways has always encouraged and been supportive of staff wanting to improve and/or extend their qualifications.

Total overhead costs are up 4.4%, an increase of just over £1.5k, rising from £35.6k in 2022 to £37.1k in 2023, Costs have risen across the board and continue to rise, as expected. The biggest increases are seen again in staff costs, due to annual pay rises, gas & electric, computer & software costs and accountancy fees.

There has been minimal capital spend this year as we spent a lot of money on replacing the pirate ship in the previous year. Money has been spent on replacing the iPads, some tables and investing just over £2k in a wooden indoor climbing frame with soft mats, which has proven a huge success as the kids love it!

The Preschool was able to hold their annual Christmas and Summer concerts, with both events being very successful again and enjoyed by all, The Preschool was also very excited to be able to take the children on several trips throughout the year, being a farm visit to Field of Dreams, a visit to watch a show at the Theatre and a trip to Stowmarket Leisure Centre to use their soft play area, all trips were a huge success. Pathways also provided the children with further forest school sessions throughout the summer, as well as birds of prey and reptile experiences which again were a great success.

Despite the constant hit of rising costs, Pathways remained financially strong throughout the year and continues to hold a very strong financial position, standing proud of a bank balance which remains over £80k.

Pathways is starting off the next academic year busy, despite numbers being lower than this year, however no doubt the spaces will fill as the year goes on, as this is usually the case!

FINANCIAL REVIEW

Total incoming resources for the year were £151,555 compared to £155,010 in the previous period.

Total resources expended were £188,028 compared to £161,809 in the previous year.

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Overall, expenditure exceeded income by £36,473 for the year, compared to a deficit of £6,799 in the previous year. After income tax of £0 (2022: £8) the deficit was £36,473 (2022: £6,807).

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GREAT BARTON PATHWAYS LIMITED REPORT OF THE DIRECTORS/TRUSTEES (Continued)

Reserves Policy

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The Trustees have examined the requirements for free unrestricted financial reserves and consider that, given the nature of the charity’s work, they should aim to ensure adequate working capital of £53,437 to cover approximately one school term’s staff and office costs. The Trustees review the Financial Reserves policy annually.

Risk Review

The Trustees reviewed potential major risks to which the organisation could be exposed and have established systems and controls to mitigate those risks.

Directors’ responsibilities

The charity trustees (who are also the officers of Great Barton Pathways Limited for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors to prepare accounts for each financial period which give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing those accounts, the directors are required to:

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The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company special provisions

The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. :

Signing on behalf of the board of Directors/Trustees ,

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Dr L Powell Director/Trustee

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Approved by the board on It log22
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GREAT BARTON PATHWAYS LIMITED

. STATEMENT OF FINANCIAL ACTIVIDIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 AUGUST 2023

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||||||||| |---|---|---|---|---|---|---|---| |Yearended|Yearended| |Unrestricted|Restricted|31.8.23|31,8.22| |Notes|Funds|Funds|Total|Total| |£|£|£|£| |Income|from:| |Donations|&|grants|13|81,552|-|81,552|98,448| |Charitable|activities|14|69,370|-|69,370|56,521| |Investment|income|7|633|-|633|41| |Total|151,555|-|151,555|155,010| |Expenditure|on:| |Raising|funds|15|-|-|-|120| |Charitable|activities|16|188,028|-|188,028|161,689| |Total|188,028|-|188,028|161,809| |Net income/(expenditure)|(36,473)|-|(36,473)|(6,799)| |TAXATION|-|-|-|8| |NET MOVEMENT IN FUNDS|(36,473)|-|(36,473)|(6,807)| |TOTAL FUNDS BROUGHT|FORWARD|195,905|-|195,905|202,712| |TOTAL FUNDS|CARRIED FORWARD|159,432|-|159,432|195,905|

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Allofthe above results derive from continuing activities.

The statement of financial activities includes all gains and losses recognised m the year.

The notes on pages 7 to 14 form part ofthese accounts

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||||||| |---|---|---|---|---|---| ||| |[| ||| |GREAT BARTON PATHWAYS LIMITED||| |BALANCESHEETAS|AT|31 AUGUST 2023|'| |||Yearended|Yearended|,| |:|Notes.|318.23|31,822| ||| |!FIXED ASSETS| ||| |Tangible|assets|4|74,652|79,226| |CURRENT ASSETS| |Stock|550|363| |Debtors|5|.|3,792|10,565| |Cash|at bank&|in hand|;|84,000|133,101| |88,342|144,029| |CREDITORS:|AMOUNTS|FALLING DUE| |WITHIN|ONE|YEAR|6|3,562|27,350| |NET CURRENT ASSETS|84,780|116,679| |NET ASSETS|159,432|195,905| |INCOME|FUNDS| |;|Unrestricted|funds|8|159,432|195,905| |TOTAL FUNDS|9|159,432|195,905|.|

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These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under Section 477 Companies Act 2006; and no notice has been deposited under Section 476.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with 8.386 ofthe Act, and for preparing accounts which give a true andfair view of the state of affairs of the company as at the end of the financial period and ofits profit or loss for the financial period n accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements ofthe Companies Act 2006 relating to accounts, so far as applicable to the company. Approved by the Board of Directors on Mead aa ..-. and signed on its behalfby veeeeeneeeensseM wf... Dr L Powell (Director) Nae MrX Robinson (Director) Company No: 06601291 ,

The notes on pages 7 to 14 form part of these accounts

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GREAT BARTON PATHWAYS LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 1 Accounting Policies Basis of preparation

The financial statements have been prepared in accordance with the Statement ofRecommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and updated on 2 February 2016 and the Companies Act 2006.

The accounts have been prepared to give a “true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a “true and fair” view. This departure has involved following Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and updated 2 February 2016.

The charity constitutes a public benefit entity as defined by FRS102.

The trustees consider there to be no material uncertainties regarding the Charity’s ability to continue as a going concern due to the value of the investments and reserves held.

Financial Reporting Standard 102 — reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 “The Financial Reporting Standard applicable in the UK. and Republic of Ireland”:

The principal accounting policies adopted in the preparation of the financial statements are as follows:-

Incoming Resources

All incoming resources are included in the Statement of Financial Activities when:-

Donations and Grants

Income from donations and grants, including capital grants, is included in incoming resources when these are receivable, except as follows:

Interest Receivable

Interest is included when receivable by the charity.

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GREAT BARTON PATHWAYS LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023

Resources Expended

Resources expended are included in the Statement of Financial Activities on an accrual basis, inclusive of any VAT, which cannot be recovered.

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Certain expenditure is directly attributable to specific activities and has beén included in those cost categories. Certain other costs, which are attributable to more than one activity, ate apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.

Tangible Fixed Assets

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Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fund Accounting

Funds held by the charity are either:

Further explanation of the nature and purposes of each fund is included in the notes to the financial statement.

Taxation

The charity is exempt from corporation tax on its charitable activities.

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GREAT BARTON PATHWAYS LIMITED

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NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 (continued)

SEGMENTAL INFORMATION

The charity operates m the UK and the whole ofits income and the utilisation ofthat income is attributable to its main activities.

NETINCOME Yearended Yearended
31.8.23 31.8.22
£ £
Netoutgomg resources fortheyear yearis stated aftercharging:
Directors’ remuneration - -
Depreciation oftangible fixed assets 21,374 17,225
Independent Examination fee 2,478 2,124
TANGIBLE FIXEDASSETS Computer Fumiture, Play Leasehold
Equipment Fixtures & Equipment Property
Equipment Total
£ £ £ £ £
COST
AtlAugust2022. 6,889 19,684 26,084 376,926 429,583
Additions 1,914 508 14,378 - 16,800
Disposals - - - - -
As at 31 August2023 8,803 20,192 40,462 376,926 446,383
DEPRECIATION
At 1 August2022 6,198 15,448 11,628 317,083 350,357
Charge fortheyear 1,010 1,794 3,625 14,945 21,374
Disposals - - - - -
As at31August2023 7,208 17,242 15,253 332,028 371,731
NET BOOK VALUE
As at31August2023 1,595 2,950 25,209 44,898 74,652
NET BOOK VALUE
As at31 August2022 691 4,236 14,456 59,843 79,226
Yearended Yearended
DEBTORS 31.8.23 31.8.22
£ £
Trade debtors 1,127 618
Prepayments 2,177 3,698
Otherdebtors A88 6,249
3,792 10,565

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GREAT BARTON PATHWAYS LIMITED

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NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 (continued)

6 CREDITORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR

Year ended Year ended
: 31.8.23 31.8.22
, £ £
Trade creditors 1,117 2,189
Accruals 2,219 2,118
Deferredmcome 226 22,700
Othercreditors - 343
3,562 27,350
7 INVESTMENTINCOME Yearended $ Yearended
31.8.23 31.8.22
£ £
The company's investment income is derivedfromthe following: _
Bankinterest received 633 4]
8 UNRESTRICTEDFUNDS Yearended $$Yearended
31.8.23 31.8.22
General Fund £ £
Incoming resources (notes 7, 13& 14) 151,555 155,010
Resources expended (notes 15& 16) (188,028)
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(161,809)
Taxation - (8)
Netmovement in funds (36,473) (6,807)
Balancebrought forward 195,905 202,712
‘Balanceasat31August2023 159,432 195,905

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GREAT BARTON PATHWAYS LIMITED

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Yearended|Year ended| |Unrestricted|Restricted|31.8.23|31.8.22| |Funds|Funds|Total|Total| |£|£|£|£| |Fund|Balances|as|at|31|August|2023|are| |represented|by:| |Tangible Fred Assets|74,652|-|74,652|79,226| |Current Assets|88,342|-|88,342|144,029| |Creditors:|Amounts|falling due within|one year|(3,562)|-|(3,562)|(27,350)| |Total Net Assets|as|at|31|August|2023|159,432|-|159,432|195,905|

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10 SHARE CAPITAL

The company is limited by guarantee and has no share capital. In the event ofthe company being wound up each member will be required to contribute £1.

11 RELATED PARTY TRANSACTIONS

During the year no Trustee was paid remuneration for work carried out on behalf ofthe charity.

During the year £597 (2022: £2,011) was reimbursed to 1 (2022: 1) trustee for expenses.

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||||||||| |---|---|---|---|---|---|---|---| |12|ANALYSIS|OF STAFF COSTS|Yearended|Year ended| |31.8.23|31.8.22| |£|£| |Staff costs|were|as|follows:|)| |Salaries|& Wages|121,982|104,325| |Social Security|Costs|926|938| |122,908|105,263|.| |The|average|number of employees|in the|year was|split|as|follows:-| |Direct|charitable|expenditure|8.0|8.0| |Administration|& management|2.0|2.0| |10.0|10.0|

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GREAT BARTON PATHWAYS LIMITED

NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 (continued)

13 INCOME- DONATIONSANDGRANTS INCOME- DONATIONSANDGRANTS
Yearended Yearended
31.8.23 31.8.22
£ £
UnrestrictedFunds :-
SuffolkCounty Council -EarlyYears Grant 81,552 98,448
14 INCOME- CHARITABLE ACTIVITIES
Yearended Yearended
31.8.23 31.8.22
: fo £
UnrestrictedFunds :-
Trips & activities 569 383
Schooldinners 2,936 3,265
Milk 410 343
Uniforms . 46 243
Holiday club fees 15,180 10,105
AfterSchoolclub fees 27,957 22,682
Lunch club fees 4,012 3,947
Breakfast club fees 15,137 10,780
Pre-school fees 2,537 3,826
Fund raising activities
586
947
69,370 56,521

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UnrestrictedFunds Yearended Yearended Yearended
31.8.23 31.8.22
£ £
Fund raising - 120
16 EXPENSES - CHARITABLE ACTIVITIES
Yearended Yearended '
31.8.23 31.8.22
UnrestrictedFunds £ £
Schooldinners 3,006 3,382
Food,shopping&essentials 6,664 5,585
Uniforms 887 767
Materials & supplies 3,497 2,831
Advertismg&promotion 144 144
Children's entertainment &replacementtoys 2,185 1,866
Trips & activities 2,515 2,840
Stafftraining&welfare 3,291 1,228
Staffsalaries 105,615 90,059
Staffpension contributions 1,735 1,563
Ofsted registration fee 220 220
Business rates ; 364 500
Waterrates 688 451
Cleaning&refuse collection 2,245 2,170
Light&heat 4,334 3,087
Telephone 986 , 865
Insurance 2,790 2,747
Computerconsumables& intemet 2,202 1,834
Property&gardenmaintenance 2,764 4,715
Stationery & office expenses 407 315
Bookkeeping costs 3,456 2,863
- Office salaries 12,248 10,810
Office pension contributions 159 158
Independent Examination fees
Miscellaneous
2,478
1,459
2,124
1,095
DBS Checks 115 246
Depreciation -furniture, fixtures& equipment 1,794 1,174
Depreciation -play equipment 3,625 801
Depreciation -computerequipment 1,010 383
Depreciation - leasehold property , 14,945 14,866
188,028 161,689

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GREAT BARTON PATHWAYS LIMITED | | | NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 (continued) © | , , 17. COMPARATIVES FOR STATEMENT OF FINANCIAL ACTIVITES COMPARATIVES FOR STATEMENT OF FINANCIAL ACTIVITES FOR STATEMENT OF FINANCIAL ACTIVITES STATEMENT OF FINANCIAL ACTIVITES OF FINANCIAL ACTIVITES FINANCIAL ACTIVITES ACTIVITES : Year ended ended | Unrestricted Restricted 31.8.22 . .

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, 17. COMPARATIVES FOR STATEMENT OF FINANCIAL ACTIVITES COMPARATIVES FOR STATEMENT OF FINANCIAL ACTIVITES FOR STATEMENT OF FINANCIAL ACTIVITES STATEMENT OF FINANCIAL ACTIVITES OF FINANCIAL ACTIVITES FINANCIAL ACTIVITES ACTIVITES :

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||||||| |---|---|---|---|---|---| |Year ended ended| |Unrestricted|Restricted|31.8.22| |Notes|Funds|Funds|Total| |£|£|£| |Income|from:| |Donations|&|grants|98,448|-|98,448| |Charitable|activities|56,521|-|56,521| |Investment|income|41|-|4]| |Total|;|155,010|-|155,010| |Expenditure|on:| |Raising|funds|15|120|-|120| |Charitable|activities|16|161,689|-|161,689| |Total|161,809|~|161,809| |Net income/(expenditure)|(6,799)|-|(6,799)| |TAXATION|8|-|8| |NET MOVEMENT IN FUNDS|(6,807)|-|(6,807)| |TOTAL FUNDS BROUGHT FORWARD|202,712|-|202,712| |TOTAL FUNDS|CARRIED FORWARD|195,905|-|195,905|

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. Independent examiner's statement : We have completed our examination and confirm no material matters have come to our attention io connection with the examination which gives us cause to believe that:

GREAT BARTON PATHWAYS LIMITED

Independent examiner's report to the trustees of "Great Barton Pathways Limited"

We report on the accounts of the company for the year ended 31 August 2023, which are set out on pages 1 to 14.

Responsibilities and basis of report+

The trustees (who are also the directors of the company for the purposes of company Jaw) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied ourselves that the company are not subject to audit under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011. In carrying out our examination, we have followed the directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

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We have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

ere rere rere verre Date: 2... ccc cece ccepe cee ner ee ere cues

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Twinn Accountants Limited Suite 4, East Barton Barns East Barton Road Great Barton ; Bury St Edmunds Suffolk IP31 2QY

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