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2025-03-31-accounts

Charity registration number 1145676 (England and Wales) Company registration number 07081491

THE COLLEGE OF MEDICINE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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THE COLLEGE OF MEDICINE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr M Dixon CVO OBE MA FRCGP FRCP(Hon) Mrs S Bazin OBE FCSP Mr S Fielding OBE DO Mr Michael Dooley LVO Dr Naveed Akhtar (Appointed 9 January 2025) Charity number (England and Wales) 1145676 Company number 07081491 Registered office Nile House Nile Street Brighton BN1 1HW Independent examiner West & Berry Limited Nile House Nile Street Brighton BN1 1HW

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THE COLLEGE OF MEDICINE

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 15

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THE COLLEGE OF MEDICINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The College of Medicine's purpose as set out in the objects of the Company's memorandum of association is to advance health for the public benefit.

The College of Medicine was founded in 2010 to reform healthcare so that it works for everyone in a way that’s inclusive, progressive and compassionate. We’re redefining medicine beyond pills and procedures and reconnecting patients and practitioners, conventional and non-conventional approaches and people and their environments. The College is a coming together of the brightest minds in the UK including NHS pioneers, scientists, CAM professionals, students and members of the public.

The main objective for the reporting period was to provide a source of information and learning through supporting development and use of evidence to enhance clinical and cost-effectiveness in health service delivery, providing public and educational events to support health professionals in their working lives, patients in their recovery and self-care and students in their future career, recognising and rewarding outstanding achievements by clinicians, students, and service providers for new approaches and practices in patient-centred care and inputting to Government consultation and policies on health services.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The College of Medicine remains unique in its inclusive approach to membership recognising that everyone, including patients and carers as well as all disciplines of health and social care professionals, play an important role in the issues surrounding health. The Council, Trustees and the Executive have continued with the delivery of online events and activities showcasing interactive ways of supporting our community, in addition to planning face-to-face events for 2025/26. Online events have included lifestyle medicine, hypnotherapy and yoga as well as daily exercise sessions. In addition, the College has provided a number of discrete webinars on a range of topics.

While we still advocate that there needs to be a new attitude to healthcare: one which forges partnerships across society and emphasises prevention and a multi-faceted approach, our main focus in the past year has been on how we can best support our membership through these unsettling times of conflicts across the globe, and economic uncertainty.

Aside from the challenges posed by global events, the year under review has seen a continuation of the revised structured governance approach to financial management. The Trustees have provided a strong structured governance approach alongside ongoing support from the College and its members and supporters.

The College Trustees have continued to undertake a governance review of all of the teachers and educators that had been helping to strengthen the College’s education offering. There has been a focus to ensure that third party collaborators share the College’s values and to work on building membership.

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THE COLLEGE OF MEDICINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

Significant activities and achievements against objectives Events and Collaborations in 2024-2025:

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THE COLLEGE OF MEDICINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Other collaboratives:

Membership Review

Membership income has remained stable for the year at £23,875 (2024: £24,770)

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THE COLLEGE OF MEDICINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

The College of Medicine is grateful to the ongoing support for its sponsors, donors and members. Donations from Vitabiotics, Nelsons, Make My Day Better, and a number of private donations have enabled the College to deliver its aims of creating and promoting sustainable healthcare through supporting and delivering educational events to demonstrate “what good looks like” in health creating communities. A private donation continued to provide support for Twinned farms & Future Health Leaders Projects.

A further donation has allowed for us to hold a RoundTable discussion on Childhood Nutrition which sits within our Eatwell Communities Project

The statement of financial activities shows a deficit for the period of £24,044 (2024 deficit: £49,616). General reserves stand at £121,143 (2024: £145,187).

Reserves policy

The charity's policy on reserves is to maintain a level of reserves so that the charity holds a level of working capital to operate effectively. The trustees believe six months operating costs should achieve this goal and has achieved this with its current level of reserves . The financial stability of the College remains a core focus for the Trustees and Executive and events planned for next financial year will be targeted to cover current issues and areas of topical interest to encourage uptake and participation across a broad spectrum of interested bodies.

The College has received personal donations via The College website.

Financial controls include authorisation of all transactions and projects, dual bank signatories and a formal approval process for expenses and payment of invoices. In line with the continuing risk assessment process undertaken at least annually, the Board of Trustees remain confident in the financial governance which is monitored through the production and review of management accounts and risk register.

Where appropriate, systems and procedures are in place to mitigate identified risks. External risk in terms of funding is monitored regularly, through the Executive team, Governing Council and Board of Trustees alongside the business planning process which reviews the opportunities to promote diversification of funding through a combination of corporate sponsorship and donations and a focus on core strategic activities that generate further membership and/or revenue. Internal risks are minimised.

Structure, governance and management

The charity is a company limited by guarantee. The charity is registered by the Charity Commission for England and Wales. Under the requirements of the Memorandum and Articles of Association, the Board of Directors are elected to serve a period of three years after which they are electable for two consecutive terms.

The board has the relevant skill mix to support the work of the College, including, medicine, health policy, research,

business and consultancy.

All directors are familiar with the practical work of the College. As directors retire and/or new directors join the board, adequate induction and familiarisation will be arranged.

The College has an elected Governing Council comprising up to 20 volunteer members, all practising clinicians who provide the strategic reference and input and sector intelligence. The Council meets at least four times a year (often virtual). The College also has the following committees and advisory councils (members are all volunteers): Scientific Advisory Council, Co-badge/Ethics Committee, Nominations Committee (all ad hoc) and recently reestablished Student Council.

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THE COLLEGE OF MEDICINE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Dr M Dixon CVO OBE MA FRCGP FRCP(Hon) Mrs S Bazin OBE FCSP Mr S Fielding OBE DO Mr Michael Dooley LVO Dr Naveed Akhtar (Appointed 9 January 2025)

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the charity. All of the trustees are members of the charity and guarantee to contribute £1 in the event of wind up. This report is prepared in accordance with the small company regime (Section 419(2)) of the Companies Act 2006. On behalf of the board of trustees.

The trustees' report was approved by the Board of Trustees.

..............................

Mr S Fielding OBE DO

Trustee

21 Jul 2025 Date: .............................................

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THE COLLEGE OF MEDICINE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COLLEGE OF MEDICINE

I report to the trustees on my examination of the financial statements of The College of Medicine (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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

Michelle Westbury FCCA

West & Berry Limited

Nile House Nile Street Brighton BN1 1HW

Dated: .........................21 Jul 2025

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THE COLLEGE OF MEDICINE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
90,077
-
Charitable activities
4
43,549
-
Investments
5
1,550
-
Total income
135,176
-
Expenditure on:
Raising funds
6
18,719
-
Charitable activities
7
140,501
-
Total expenditure
159,220
-
Net expenditure
(24,044)
-
Transfers between
funds
-
-
Net movement in
funds
(24,044)
-
Reconciliation of funds:
Fund balances at 1 April 2024
145,187
7,829
Fund balances at 31 March
2025
121,143
7,829
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
90,077
81,727
3,675
43,549
35,770
-
1,550
-
-
135,176
117,497
3,675
18,719
19,742
-
140,501
148,931
2,115
159,220
168,673
2,115
(24,044)
(51,176)
1,560
-
9,707
(9,707)
(24,044)
(41,469)
(8,147)
153,016
186,656
15,976
128,972
145,187
7,829
Total
2024
£
85,402
35,770
-
121,172
19,742
151,046
170,788
(49,616)
-
(49,616)
202,632
153,016

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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THE COLLEGE OF MEDICINE

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
The funds of the charity
Restricted income funds
14
Unrestricted funds
15
2025
£
6,123
135,185
141,308
(12,336)
£
128,972
7,829
121,143
128,972
2024
£
4,506
156,279
160,785
(7,769)
£
153,016
7,829
145,187
153,016

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

21 Jul 2025 The financial statements were approved by the trustees on ......................... .............................. .............................. Mrs S Bazin OBE FCSP Mr S Fielding OBE DO Trustee Trustee

Company registration number 07081491 (England and Wales)

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THE COLLEGE OF MEDICINE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

The College of Medicine is a private company limited by guarantee incorporated in England and Wales. The registered office is Nile House, Nile Street, Brighton, BN1 1HW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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THE COLLEGE OF MEDICINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Resources expended are included in the statement of Financial Activities on an accruals basis inclusive of any VAT that cannot be recovered.

The charitable activities comprise expenditure on the charities primary purposes as described in the Trustees Report ie. to advance health for the public benefit. It includes costs that can be allocated directly to such activities and those indirect costs necessary to support them.

Governance costs relate to the running of the charity and include examiners fees, legal advice for Trustees and costs associated with statutory requirements such as preparation of the annual accounts.

Fixed asset additions with a value under £2,000 are not capitalised.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

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THE COLLEGE OF MEDICINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 90,077 - 90,077 81,727 3,675 85,402

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Charitable activities
Seminars, conferences and other income 19,674 11,000
Membership income 23,875 24,770
43,549 35,770

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,550 -

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THE COLLEGE OF MEDICINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

6 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Seeking donations, grants and legacies 18,719 19,742
7 Expenditure on charitable activities
Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Direct costs 68,699 70,032
Share of support and governance costs (see note 8)
Support 70,134 79,394
Governance 1,668 1,620
140,501 151,046
Analysis by fund
Unrestricted funds 140,501 148,931
Restricted funds - 2,115
140,501 151,046
8 Support costs allocated to activities
2025 2024
£ £
Administration 34,450 39,952
Operations and finance 23,426 22,882
Communications and strategic 8,524 12,860
Computer and IT 3,734 3,700
Governance costs 1,668 1,620
71,802 81,014
Analysed between:
Charitable activities 71,802 81,014

Governance costs includes payments to the independent examiners of £1,390 + VAT (2024: £1,350 + VAT).

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THE COLLEGE OF MEDICINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. The charity paid £5,288 travel expenses to one trustee during the year (2024: £8,012 to one trustee).

10 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income
2025
£
2,861
2,160
1,102
6,123
2025
£
10,667
1,669
12,336
2024
£
4,506
-
-
4,506
2024
£
6,119
1,650
7,769

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THE COLLEGE OF MEDICINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April At 1 April Incoming Resources Transfers At 31 March At 31 March
2024 resources expended 2025
£ £ £ £ £
Nesta 4,032 - - - 4,032
Aim Foundation 2,237 - - - 2,237
National Academy for Social
Prescribing 1,560 - - - 1,560
7,829 - - - 7,829
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Nesta 4,032 - - - 4,032
George Farha 9,707 - - (9,707) -
Aim Foundation 2,237 - - - 2,237
National Academy for Social
Prescribing - 3,675 (2,115) - 1,560
15,976 3,675 (2,115) (9,707) 7,829

During the year a transfer was made between restricted and unrestricted funds in respect of unrestricted income previously treated as restricted.

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
General funds 145,187 135,176 (159,220) - 121,143
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 186,656 117,497 (168,673) 9,707 145,187

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THE COLLEGE OF MEDICINE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 March 2025:
Current assets/(liabilities)
121,143
7,829
121,143
7,829
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Current assets/(liabilities)
145,187
7,829
145,187
7,829
Total
2025
£
128,972
128,972
Total
2024
£
153,016
153,016

17 Related party transactions

Donations without conditions were received from trustees totalling £Nil (2024: £200). There were no other disclosable related party transactions during the year (2024 - none).

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File 1 of 2: col103 accounts for signature 2025 v2.pdf

Signed By

Signer: Simon Fielding (janefielding2015@gmail.com) Identity Check: Email Authentication Signature Type: Mouse or hand drawn Time Zone: UTC+01:00, Europe/London (British Summer Time)

Signer: Sarah Bazin (sarah_bazin@hotmail.com) Identity Check: Email Authentication Signature Type: Typed Time Zone: UTC+01:00, Europe/London (British Summer Time)

Signer: Michelle Westbury (documents@westandberry.co.uk)

Identity Check: Login with account Signature Type: Typed Time Zone: UTC+01:00, Europe/London (British Summer Time)

Event Log

Jul 21, 2025, 10:26:18 AM - Email notification sent to Simon Fielding (janefielding2015@gmail.com). Jul 21, 2025, 10:26:22 AM - Email notification sent to Sarah Bazin (sarah_bazin@hotmail.com).

Jul 21, 2025, 10:26:29 AM - Email notification delivered to Simon Fielding (janefielding2015@gmail.com).

Jul 21, 2025, 10:26:32 AM - Email notification delivered to Sarah Bazin (sarah_bazin@hotmail.com).

Jul 21, 2025, 1:32:08 PM - Sarah Bazin (sarah_bazin@hotmail.com) viewed the document(s), from 86.162.47.33.

Jul 21, 2025, 1:33:13 PM - Sarah Bazin (sarah_bazin@hotmail.com) electronically signed or completed the document(s), from 86.162.47.33.

Continued on next page.

Continued from previous page.

Jul 21, 2025, 1:42:07 PM - Michelle Westbury (documents@westandberry.co.uk) electronically signed or completed the document(s), from 81.159.236.249.

END OF LOG