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2025-12-31-accounts

The Parish of St Peter’s Bishop’s Waltham

Address for correspondence: The Stables Parish Office, Maypole Green, Bishop’s Waltham SO32 1PW

Annual Report and Financial Statements

of the Parochial Church Council

for the year ended 31[st] December 2025

Rector: The Reverend James Hunt

Bankers: Barclays Bank, Fareham CAF Bank

Independent Examiner: Louisa Burton 124-128, City Road London EC1V 2NX

Our web site:

www. Stpetersbw.org.uk

The Parochial Church Council of St Peter’s Church Bishop’s Waltham

Annual Report for the year ended 31[st] December 2025

Aim and Purpose

St Peter’s Parochial Church Council (the PCC) has the responsibility of cooperating with the Incumbent, the Reverend James Hunt, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. As well as the Church itself, which is a Grade II* Listed Building, the PCC is also responsible for maintaining the Church Hall in Free Street, Bishop’s Waltham and the Stables Parish Office in Maypole Green, Bishop’s Waltham.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our Church, and to become part of our parish family. When planning our activities, the PCC has considered the Charity Commission’s guidance on public benefit and particularly the specific guidance on charities for the advancement of religion. Our services and worship put faith into practice through prayer and scripture, music and sacrament. We try to enable ordinary people to live out their faith as part of our parish family, through:

To facilitate this work, it is vital that we maintain the fabric of the Church, the Church Hall and the Stables Parish Office.

Worship and Prayer

The PCC is keen to offer a range of services, not only on Sundays, but also during the week, that our community will find both beneficial and spiritually fulfilling. On Sundays we offer at 8.00 am a Traditional Book of Common Prayer Communion Service, at 9.00 am a Traditional Communion Service with choir and at 10.30 am an informal “Sunday Central” Service with band. On Thursdays at 10.00 am there is an informal Book of Common Prayer Communion Service. Daily prayer is available every weekday.

We are keen to encourage families, children and youth have a very successful Teeny Tinies Group for babies and toddlers which meets on a Tuesday in term time, a “Garden Gang” for babies and toddlers which meets on a Wednesday and Vitalize Kids Club on a Sunday morning. A full report on the various activities from Kate, our Family, Children and Youth Worker is included in the Annual Report

We have been successful in welcoming some new families into our church over the past twelve months, and for full details of attendance figures and individual reports on the various Services, please see the Annual Report.

As well as our regular Services, we enable our community to celebrate and thank God at the milestones of the journey through life. Full details of Baptisms, Weddings and Funerals are given in the Annual Report. Those who are no longer able to come to Church are not forgotten. There is a team of willing volunteers who offer Pastoral support and prayer, including hospital visiting, home Communion and bereavement support. A full report on Pastoral activities is given in the Annual Report

Our main services are streamed, which is helpful to those who are unable to attend in person for any reason.

Deanery Synod

We are entitled to have three members on Bishop’s Waltham Deanery Synod and a report on the proceedings of the Deanery Synod can be found in the Annual Report.

Church Fabric

A report on the Church Fabric is included in the Annual Report.

Other Activities

There is a wide range of other activities and these are set out in the Annual Report PCC

Financial Review

Expenditure on the unrestricted General Fund exceeded unrestricted income by £1,827, which was much better than the budget forecast deficit of around £23,200. This reflected a continued high level of support from both existing and new Planned Givers, a successful Gift Week and an enjoyable (and financially rewarding) Country Fayre. Costs were also carefully controlled and monitored monthly by the Finance Committee, who reported back to each PCC meeting. The key expenditure item was payment of the Parish Share of £109,950 which helps towards the cost of stipends, pensions and housing costs for the clergy. 2026 will be another challenging year as the forecast deficit is £25,400 and this will be actively addressed by the Stewardship Committee in conjunction with the Finance Committee and the full PCC. The Parish Share request for 2026 is 5% higher than 2025 and discussions are being held with the Diocesan Secretary as to the ability of the PCC to pay this in full.

Over £32,000 was spent on Phase 1 of the Church reimagining but all costs were covered by historical legacy monies. The balance of the legacy fund still stands at £72,725 so will be available for any future reimagining proposals.

The Endowed Funds previously held by the Charity known as the Bishop’s Waltham Educational Institute are split between a Fund from which income generated can be used by the PCC and a Fund from which the income is used to pay grants, subject to meeting defined criteria. Income available for the year to pay grants was £12,427 and grants made £15,721

The consolidated financial statements include the results of the Parish News and Hall & Stables activities, which operate under the PCC’s authority.

Reserves Policy

Historically, the PCC has resolved to maintain a balance on our General (unrestricted) Fund, which equates to at least three months’ unrestricted payments (say £75,000) to cover emergencies, but this has not proved possible for a number of years now. The Finance Committee meets monthly to review the Management Accounts and action is taken to ensure that the PCC never totally exhaust their General (Unrestricted) Fund and, over time, there remains a desire to build up our Reserves to the target level. As at 31 December 2025, the balance on the General (unrestricted) Fund stood at £28,893

Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to comply with the House of Bishops’ guidance on safeguarding children and vulnerable adults) and a comprehensive report is given in the Annual Report for this very important issue.

Volunteers

The members of the PCC would like to thank all the volunteers who work so tirelessly to make our Church a lively, vibrant and safe community. Our especial thanks go to our Churchwardens, Liz Webb and Mandy Cawood.

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, other ordained Ministers, Churchwardens, those elected to the Deanery and Diocesan Synods, and other members who are elected at the Annual Parochial Church Meeting. Members of the congregation are always encouraged to join the Electoral Roll, and to consider standing for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. A report on the proceedings of the PCC is given in the Annual Report.

PCC members who have served from 1[st] January 2025 until the date this report was approved were:

Ex Officio

The Incumbent The Rev’d James Hunt Chair
Churchwardens Mrs Elizabeth Webb
Ms Amanda Cawood
Deanery Synod Reps Mr Paul Emmerson
Mrs Amanda Wollam
Rev Rosie Greenlees
Elected Members Mr Matt Barker
Mr Nigel Barnfield Treasurer
Mr Robin Felix
Mr Luke Hawkins
Mrs Miriam Levy From April 2025
Miss Emma Nash Resigned October 2025
Mrs Vicki Powell From April 2025
Mrs Kathyrn Rickwood From April 2025
Mrs Penny Russell
Mrs Amanda Wollam Secretary

Approved by the PCC on ………….. and signed on its behalf by:

……………………………………. …………………………………… Rev’d James Hunt (Chair) Mr Nigel Barnfield (Treasurer)

St Peters Church Bishop's Waltham

Consolidated Statement of Financial Activities

For the Year Ended 31 December 2025

Unrestricted Restricted Endowment Total Prior year
funds funds funds funds total funds
Income and endowments from:
Donations and legacies 209,493 - - 209,493 191,775
Income from charitable activities 7,404 - - 7,404 5,494
Parish News 28,018 - - 28,018 28,223
Hall & Stables 21,388 - - 21,388 23,200
Other trading activities 2,221 - - 2,221 739
Investments 3,867 - 88 3,955 5,076
Other income 32,668 8,526 - 41,194 51,283
Total income 305,059 8,526 88 313,673 305,790
Expenditure on:
Raising funds 2,894 - - 2,894 4,851
Expenditure on charitable
activities 228,598 - - 228,598 228,144
Parish News 31,905 - - 31,905 30,253
Hall & Stables 19,096 - - 19,096 20,833
Other expenditure 32,333 9,043 - 41,376 61,185
Total expenditure 314,826 9,043 - 323,869 345,267
Net income / (expenditure) resources before transfer -9,767 -517 88 -10,196 -39,477
Transfers:
Gross transfers between funds - in 900 - - 900 5,932
Gross transfers between funds - out -900 - -900 -5,932
Other recognised gains / losses
Gains/losses on investment assets - - -25,066 -25,066 16,221
Gains on revaluation, fixed assets, charity's own use - - - - -
Net movement in funds -8,867 -1,417 -24,978 -35,262 -23,256
Reconciliation of funds
Total funds brought forward 331,523 1,394 523,486 856,403 879,658
Total funds carried forward 322,656 -23 498,508 821,141 856,403

St Peters Church Bishop's Waltham

Consolidated Statement of Financial Position

As at Ended 31 December 2025

At
31/12/2025
At
31/12/2024
£
£
General
Designated Restricted
Endowment
-
171,000
-
- 171,000 173,000
-
-
- 498,350 498,350 523,417
-
171,000
-
498,350 669,350 696,417
60,122 99,032 - 23
157 159,288 170,540
60,122 99,032 - 23 157 159,288 170,540
3,497
4,000
-
- 7,497 6,554
3,497
4,000
-
- 7,497 6,554
56,625 95,032 - 23 157 151,791 163,986
24,892 266,032 - 23 498,507 821,141 860,403
- 4,000
4,000
-
-
- 4,000
- 4,000
4,000
-
-
- 4,000
60,625 262,032 - 23 498,507 821,141 856,403
24,393
-
-
- 24,393 30,731
22,697
-
-
- 22,697 20,405
13,535
-
-
- 13,535 17,422
-
14,376
-
- 14,376 17,670
-
145,000
-
- 145,000 145,000
-
3,259
-
- 3,259 - 2,565
-
20,000
-
- 20,000 20,000
-
72,725
-
- 72,725 74,188
-
673
-
- 673 673
-
6,000
-
- 6,000 8,000
-
- 80
-
80
40
-
- - 103
- - 103 1,354
-
-
- 429,352 429,352 450,945
-
-
- 65,423 65,423 68,713
-
-
- 2,487 2,487 2,623
-
-
- 1,245 1,245 1,205
60,625 262,032 - 23 498,507 821,141 856,403
Fixed assets
Heritage assets
Investments
Current assets
Cash At Bank And In Hand
Liabilities
Creditors: Amounts Falling Due
In One Year
Net current assets less current
liabilities
Total assets less current
liabilities
Liabilities
Provision For Liabilities After
One Year
Total net assets less liabilities
Represented by
Unrestricted
Designated
Endowment
Fund Totals
Unrestricted - General Fund
Designated - Church Hall
Designated - Fabric
Designated - Handbells
Designated - Legacies
Designated - Organ music
Designated - Organ
Restricted - Fees stipend
Restricted
Endowment - Graveyard Trusts-
Unrestricted
Unrestricted - Hall and Stables
Unrestricted - Parish News
Restricted - Fees local
Endowment - Previous BWEI
Endowment - Previous BWEI
Endowment - Graveyard Trust-
Restricted
-
171,000
-
- 171,000 173,000
-
-
- 498,350 498,350 523,417
-
171,000
-
498,350 669,350 696,417
60,122 99,032 - 23
157 159,288 170,540
60,122 99,032 - 23 157 159,288 170,540

St Peters Church Bishop's Waltham PCC Only Statement of Financial Activity For the year ended 31[st] December 2025

Unrestricted Designated
Restricted
Endowment Total Prior year
funds funds funds funds funds total funds
Income and endowments from:
Donations and legacies 188,023.77 21,469.54 - - 209,493.31 191,775.32
Income from charitable activities 7,404.29 - - - 7,404.29 5,494.25
Other trading activities 2,221.47 - - - 2,221.47 739.40
Investments 3,788.41 79.19 - 87.77 3,955.37 5,076.28
Other income 24,741.07 12,427.04 8,526.00 - 45,694.11 51,282.67
Total income 226,179.01 33,975.77 8,526.00 87.77 268,768.55 254,367.92
Expenditure on:
Raising funds 2,893.98 - - - 2,893.98 4,851.32
Expenditure on charitable activities 226,522.20 2,076.40 - - 228,598.60 228,144.13
Other expenditure - 32,332.95 9,043.00 - 41,375.95 61,184.69
Total expenditure 229,416.18 34,409.35 9,043.00 - 272,868.53 294,180.14
Net income / (expenditure) resources before transfer (3,237.17) (433.58) (517.00) 87.77 (4,099.98) (39,812.22)
Transfers
Gross transfers between funds - in 5,400.00 4,000.00 - - 9,400.00 5,932.20
Gross transfers between funds - out (4,000.00) (4,500.00) (900.00) - (9,400.00) (5,932.20)
Other recognised gains / losses
Gains/losses on investment assets - - - (25,066.36) (25,066.36) 16,221.07
Gains on revaluation, fixed assets, charity's own use - - - - - -
Net movement in funds (1,837.17) (933.58) (1,417.00) (24,978.59) (29,166.34) (23,591.15)
Reconciliation of funds
Total funds brought forward 30,729.53 262,965.64 1,394.00 523,485.96 818,575.13 842,166.28
Total funds carried forward 28,892.36 262,032.06 (23.00) 498,507.37 789,408.79 818,575.13

St Peters Church Bishop's Waltham PCC Only Statement of Financial Position As at 31[st] December 2025

General
Designated
Restricted
Endowment
At 31/12/2025
£
At 31/12/2024
£
Fixed assets
Heritage assets
Investments
Current assets
Cash At Bank And In Hand
Liabilities
Creditors: Amounts Falling Due In One Year
Net current assets less current liabilities
Total assets less current liabilities
Liabilities
Provision For Liabilities After One Year
Total net assets less liabilities
Represented by
Unrestricted
Unrestricted - General Fund
Designated
Designated - Income from previous BWEI monies
Designated - Church Hall
Designated - Fabric
Designated - Handbells
Designated - Legacies
Designated - Organ music
Designated - Organ
-
171,000.00
-
-
171,000.00
173,000.00
-
-
-
498,350.30
498,350.30
523,416.66
-
171,000.00
-
498,350.30
669,350.30
696,416.66
28,389.48
99,032.06
(23.00)
157.07
127,555.61
132,712.69
28,389.48
99,032.06
(23.00)
157.07
127,555.61
132,712.69
3,497.12
4,000.00
-
-
7,497.12
6,554.22
3,497.12
4,000.00
-
-
7,497.12
6,554.22
24,892.36
95,032.06
(23.00)
157.07
120,058.49
126,158.47
24,892.36
266,032.06
(23.00)
498,507.37
789,408.79
822,575.13
(4,000.00)
4,000.00
-
-
-
4,000.00
(4,000.00)
4,000.00
-
-
-
4,000.00
28,892.36
262,032.06
(23.00)
498,507.37
789,408.79
818,575.13
28,892.36
-
-
-
28,892.36
30,729.53
-
14,375.70
-
-
14,375.70
17,670.11
-
145,000.00
-
-
145,000.00
145,000.00
-
3,258.50
-
-
3,258.50
(2,564.69)
-
20,000.00
-
-
20,000.00
20,000.00
-
72,725.26
-
-
72,725.26
74,187.62
-
672.60
-
-
672.60
672.60
-
6,000.00
-
-
6,000.00
8,000.00
Restricted
Restricted - Fees local - - 80.00 - 80.00 40.00
Restricted - Fees stipend - - (103.00) - (103.00) 1,354.00
Endowment
Endowment - Previous BWEI monies-not PCC - - - 429,352.00 429,352.00 450,945.00
Endowment - Previous BWEI monies-PCC - - - 65,423.00 65,423.00 68,713.00
Endowment - Graveyard Trust-Restricted - - - 2,487.32 2,487.32 2,622.51
Endowment - Graveyard Trusts-Unrestricted - - - 1,245.05 1,245.05 1,205.45
Fund Totals 28,892.36 262,032.06 (23.00) 498,507.37 789,408.79 818,575.13

Accounts Approved By:

Date: 26 April 2026

St Peters Church Bishop's Waltham

Notes to the accounts

For the year ended 31st December 2025

1. Basis of Preparation

The financial statements have been prepared under the Church Accounting Regulations 2006 and in accordance with the Charities Act 2011. They follow the applicable requirements of the Charities SORP (FRS 102) (2019 Update) and FRS 102 Section 1A for small entities. The accounts have been prepared on the accruals basis and under the historical cost convention, except for the revaluation of investment assets. The PCC has assessed the charity’s ability to continue as a going concern and considers that there are no material uncertainties.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

The organ of £40,000 is being depreciated over 20 years at £2,000 per year.

The land, buildings of £145,000 and hand bells of £20,000 are not being depreciated as they appreciate in value.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowment Funds

Endowment funds represent assets that must be held permanently. Income arising from endowment funds is credited to the appropriate restricted or unrestricted fund in accordance with the terms of the endowment.

Judgements and Estimates

In preparing these financial statements, the PCC has made judgements regarding the useful economic lives of tangible fixed assets. These estimates are based on historical experience and other relevant factors.

1A. Basis of Consolidation

The financial statements present the consolidated results of the Parochial Church Council (the “PCC”) together with the activities of Parish News and Hall and Stables. These activities are not separate legal entities but operate as integral, unincorporated branches of the PCC.

The consolidated financial statements combine the income, expenditure, assets and liabilities of these activities on a line - by - line basis. All intra - group balances and transactions between the PCC and these activities have been eliminated on consolidation.

1B. Activities Included in the Consolidation

The PCC carries out certain activities through distinct operational units:

• Parish News – the PCC’s monthly parish magazine, which generates income from advertising, subscription and cover price sales and incurs printing and distribution costs.

• Hall and Stables – the PCC’s lettings and facilities activity relating to the Church Hall and the Stables Parish Office, generating hire income and incurring maintenance and running costs.

These activities are wholly controlled by the PCC, operate under its governance and financial policies, and are therefore included within the consolidated financial statements.

St Peters Church Bishop's Waltham

Notes to the accounts

For the year ended 31st December 2025

1C. Summary of Results of Consolidated Activities

The results of the PCC’s operational units included within the consolidation are as follows:

Parish News

• Income: £28,018

• Expenditure: £31,905

Hall and Stables

• Income: £21,388

• Expenditure: £19,096

All surpluses or deficits arising from these activities are retained within the PCC’s unrestricted funds.

1D. Intra - group Transactions

Transactions between the PCC and its operational units relate solely to internal recharges for utilities, printing, and shared administrative costs. These transactions have been eliminated on consolidation.

No intra - group balances remained outstanding at the year end.

1E. Operational Units Included in the Consolidation

The PCC retains the ability to review the detailed finances of these activities, and any surplus funds ultimately belong to the PCC. The PCC therefore includes these activities within the consolidated financial statements.

2. Going Concern

It is the view of the Trustees that the Parish finances are sufficient to continue activities as a going concern for the foreseeable future.

3. Employees

In 2025 there were 5 employees (2024: 5). No staff are paid over £60,000.

4. Trustees’ Remuneration and Expenses

No member of the PCC received any remuneration or other benefit from the charity during the year (2024: £nil). No trustee received reimbursement of expenses during the year (2024: £nil).

5. Related Party Transactions

There were no related party transactions requiring disclosure under the Charities SORP (2019 Update) (2024: none).

6. Key Management Personnel

The PCC considers the key management personnel of the charity to be the incumbent and the churchwardens, who together have responsibility for directing and controlling the charity’s activities.

No remuneration was paid to key management personnel during the year (2024: £nil).

St Peters Church Bishop's Waltham

Notes to the accounts continued.

For the year ended 31st December 2025

7. Fixed Assets

Land and Buildings
Deemed cost
at 1 January 2025
Additions
at 31 December 2025
Depreciation
at 1 January 2025
Charge for the year
at 31 December 2025
Net book value at 1
January 2025
at 31 December 2025
8.
Creditors
Liability - Creditors: Amounts Falling Due In One Year
Loans received
Accounts Payable
Total
Liability - Provision For Liabilities After One Year
Loans received-long term
Freehold land
and buildings
145,000
-
145,000
-
-
-
145,000
145,000
Church
Equipment
60,000
-
60,000
32,000
2,000
34,000
28,000
26,000
Total
205,000
-
205,000
32,000
2,000
34,000
173,000
171,000
31 December 2025
4,000.00
3,497.12
31 December 2024
4,000.00
2,554.22
7,497.12
-
6,554.22
4,000.00

9. Support Costs and Governance Costs

The PCC does not allocate support costs separately. All expenditure is charged directly to the relevant activity heading on the Statement of Financial Activities.

Governance costs, including independent examination fees, are included within “Expenditure on charitable activities”.

  1. Grants Received and Grants Made

None

St Peters Church Bishop's Waltham

Notes to the accounts continued.

For the year ended 31st December 2025

11. Movement in Funds

Fund Opening
Incoming
Outgoing
Transfers Gains/Losses
Closing
Designated
17,670
12,427
15,721
-
-
14,376
Sub-totals
17,670
12,427
15,721
-
-
14,376
Endowment
450,945
-
-
-
-21,593
429,352
Sub-totals
450,945
-
-
-
-21,593
429,352
Endowment
68,713
-
-
-
-3,290
65,423
Sub-totals
68,713
-
-
-
-3,290
65,423
Designated
145,000
-
-
-
-
145,000
Sub-totals
145,000
-
-
-
-
145,000
Designated
-
4,500
-
-4,500
-
0
Sub-totals
-
4,500
-
-4,500
-
0
Designated
-2,565
3,900
2,076
4,000
-
3,259
Sub-totals
-2,565
3,900
2,076
4,000
-
3,259
Restricted
40
3,580
2,640
-900
-
80
Sub-totals
40
3,580
2,640
-900
-
80
Restricted
1,354
4,946
6,403
-
-
-103
Sub-totals
1,354
4,946
6,403
-
-
-103
Endowment
2,623
88
-
-
-223
2,487
Sub-totals
2,623
88
-
-
-223
2,487
Endowment
1,205
-
-
-
40
1,245
Sub-totals
1,205
-
-
-
40
1,245
ChHall
Fabric
Comm
BWEI
BWEINotPCC
BWEIPCC
Feeslcl
Feesstp
GfarTrRes
GravTrUnrs
17,670
12,427
15,721
-
-
14,376

St Peters Church Bishop's Waltham

Notes to the accounts continued.

For the year ended 31st December 2025

11. Movement in Funds continued

11. Movement in Funds continu ed
Hbells
Designated 20,000 - - - - 20,000
Sub-totals 20,000 - - - - 20,000
Legacies
Designated 74,188 13,149 14,612 - - 72,725
Sub-totals 74,188 13,149 14,612 - - 72,725
Org
Designated 673 - - - - 673
Sub-totals 673 - - - - 673
Organ
Designated 8,000 - 2,000 - - 6,000
Sub-totals 8,000 - 2,000 - - 6,000
General
Unrestricted 30,731 221,677 229,416 1,400 - 24,393
Hall and
Stables 20,405 21,388 19,096 - - 22,697
Parish News 17,422 28,018 31,905 - - 13,535
Sub-totals 68,558 271,083 280,417 1,400 - 60,625
Totals 856,403 313,673 323,869 - -25,066 821,141

St Peters Church Bishop's Waltham Notes to the accounts continued.

For the year ended 31st December 2025

12. Post Balance Sheet Events

The PCC has considered events occurring after the year end and up to the date of approval of these financial statements. No events have occurred that require adjustment to, or disclosure in, the financial statements.

13. Financial Instruments

The charity’s financial instruments comprise cash at bank, debtors and creditors. These are measured at amortised cost. The PCC does not hold any complex financial instruments.

14. Cash Flow Statement Exemption

The PCC has taken advantage of the exemption available to small charities under FRS 102 Section 1A and the Charities SORP (FRS 102) (2019 Update) not to prepare a cash flow statement

Independent examiner’s report to The Parochial Church Council of the Ecclesiastical Parish of St Peter’s, Bishop’s Waltham

I report on the accounts of the PCC of St Peter’s Bishops Waltham for the year ended 31 December 2025, which are set out on the accompanying pages.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Louisa Burton ACA

124-128 City Road, London, EC1V 2NX

Date: