Trustees, Report Forthe Year Ended 31 March 2025 Woodcroft Pre-school & Wrap Around Care Charfty Name: Woodcroft Pre-school & Wrap Around Care Charity Registratlon Number: 1146967 Re8lstered Address: 35- 37 Woodcroft Lane. P089QD Woodcroft Pre-school is a limited company by guarantee that Is also a registered charity 8ovemed by a voluntary Board of Trustees. Trustees are responsSble forgovernance, strategic direction, and financial oversight. Day-to-day management Is delegated to the Pre-school Manager. Objectlves and Artlvltles The charity's objective Is to advance the educatlon and developmentof youn8childrenthrou8h hi8h- quality early years provision In a safe and Incluslve envlronment. During the year ended 31 March 2025, trustees focused on impfoving the quality of provlsion In line with Ofsted expectations while work5ng toward5 flnancial break-even. Revlew of Artlvltles and Athlevements Trusteessupported ongoing improvement allgned with the EYFS and Ofsted inspectlon framework. Key developments induded.. Strengthenlng curriculum intent, implementation, and impart. Continued investmentln staff trainlng and professlonal development, prloritizlng retention. MaintaSnlng a strong safe8uardlng culture. Oeveloping Positive partnerships with parents and carers. Trustees are confident the pre-school is progressing well on its Journey towards an Outstandln8 Ofsted judgement. Flnandal Revlew Forthe yearended 31 March 2025, the charity operated at a small surplus. Trustees continued to monitorbudgets, occupanc¥ levels, and costs closely, taking Steps to move the charity towards financial sustainability without compromising quality or safeguarding. Rlsk Management Trustees regularly review risks, including financial sustainabllty, staffing and 5afe8uarding. Appropriate controls are in place to manage these risks.
Plans forthe Future Trustees, priorities include: Continuin8 to embed hlgh-quality practice and prepare forthe next Ofsted inspectlon. Achieving and maintainin8 financlal break-even. Strengthening governance and trustee capacity. Decreasing staff turnover and looking to make retentlon a prlorlty. Approved by the Board of Trustees on: 0810U2025 Slgned: l faci Vqs
Woodcroft Pre-school And Wraparound Care Charlty No. 1146967 Company No. 05756948 Trustees, Report and Unaudlted Accounts 31 March 2025
Woodcroft Pre-school And Wraparound Care Contents Pages 2to3 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts 8t016 Detailed Statement of Financial Activities 17to18 Page I
Woodcroft Pre-school And Wraparound Care Trustee5 Annual Report The trustees, who are also directors of the charity for the purposes of the Companie5 Act 2(K)6, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DEfAILS Company No. 05756948 Charlty No. 1146967 Prlncipal Office 35-37 Woodcroft Lane Lovedean Hampshire P08 9QD Registered Office 35-37 Woodcroft Lane Lovedean Hampshire P08 9QD DSrertors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served durin8 the year: E. Keens R. Reid T. Voysey Company Secretary E. Keens Accountants Pro Consult Accounting Ltd 2 Langdale Avenue Drayton Portsmouth P06 2NU OBJEcfivES AND AcfiviTIES The charity's objective is to advance education and development of young children through high quality early years provision in a safe and inclusive environment. During the year ended 31st March 2025. trustees focused on improving the quality of provision in line with Ofsted expectations while working towards financial break-even. ACHIEVEMENTS AND PERFORMANCE Page 2
Woodcroft Pre-school And Wraparound Care Trustees Annual Report Trustees 5UPPOrted ongoing improvement aligned with the EYFS and Ofsted inspection framework. Key developments included: -Strengthening curriculum intent, implementation, and impact. -continued investment in staff training and professional development, prioritising retention. -maintaining a strong safeguarding culture. -Developing positive partnerships with parents and carers. -Trustees are confident the pre-school is progressing well on its journey towards and Outstanding Ofsted judgement. FINANCIAL REVIEW For the year ending 31 March 2025, the charity operated at a small surplus. Trustees continued to monitor budgets, occupancy levels, and cost5 closely, taking steps to move the charity towards financial sustainability without compromising quality of safeguarding. Trustees regularly review risks, including financial sustsinability, staffing and safe8uardin8. Appropriate controls are in place to manage these risks. PLANS FOR FUTURE PERIODS Trustees priorities include: -continue to imbed high-quality practice and prepare for the next Ofsted inspection. -Achieving and maintaining financial break-even. -strengthening governance and trustee capacity. -Decreasin8 Staff turnover and looking to make retention a priority. The Trustees are responsible for keepin8 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 102). Signed on behalf of the board T. Voysey Trustee 10 February 2026 Page 3
Woodcroft Pre-school And Wraparound Care Statement of Financial Activities for the year ended 31 March 2025 Unrestrlcted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from". Charitable activities Other 707,782 707,782 S) 557,633 Total 708,282 708,282 557,633 Expendlture on: Charitable activities Other 40.586 576,589 40,586 576,589 29,647 460.051 Total 617,175 617,175 489,698 Net gains on investments Net income 91,107 91,107 67,935 Transfers between funds Net income before other 8ainsl(losses) 91,107 91,107 67,935 Other 8alns and losses Net movement In funds 91,107 91,107 67,935 Reconclliation of funds: Total funds brought forward 177,241 177,241 109.306 Total funds carried forward 268.348 268,348 177,241 Page 4
Woodcroft Pre-school And Wraparound Care Summary Income and Expenditure Account for the year ended 31 March 2025 2025 2024 Income 708,282 557,633 Gross income for the year Expenditure 708,282 557,633 606.729 485.345 Depreciation and charges for impairment of fixed assets 10.446 4,353 Total expendlture for the year Net income before tax for the year 617,175 489,698 91,107 67,935 Net income for the year 91.107 67,935 Page 5
Woodcroft Pre-school And Wraparound Care Balance Sheet at 31 March 2025 Company No. 05756948 Notes 2025 2024 Fixed assets Tangible assets li 41.786 41,786 17,260 17,260 Current assets Debtors Cash at bank and in hand 12 10,960 241.126 252,086 {25,524} 226,562 9,170 166,465 175.635 115,6541 Creditors: Amount falling due within one year Net current assets 13 159.981 Total assets less current liabilities 268,348 177,241 Net assets excluding pension asset or liability 268,348 177,241 Total net assets 268,348 177,241 The funds of the charlty Restrlcted funds Unrestrirted funds General funds 14 14 268,348 177,241 268,348 177,241 Reserves 14 Total funds 268,348 177,241 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 10 February 2026 And signed on its behalf by: T. Voysey Trustee 10 February 2026 Page 6
Woodcroft Prtrschool And Wraparound Care Statement of Cash flows for the year ended 31 March 2025 2025 Z024 Cash flows from operating actlvltles Net income per Statement of Financial Activities 91,107 67,935 Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Increase in trade and other recetvables Increase in trade and other payables 10,446 {SLK) 11,790) 9,870 22,593 (9.170) 15,654 Net cash provlded by operatln8 actlvftles 109,133 97,012 Cash flows from Investlng actlvitles Payments for property, plant and equipment Dividends, interest and rents from investments 134,972) 500 139,853) Net cash used In Investlng actlvltles 134,472) 139,8531 Net cash from flnancln8 actlvltles Net Increase In cash and cash equlvalents 74,661 57,159 Cash and cash equlvalents at the beglnnlng of the year 166,465 Cash and cash equlvalents at the end of the year 241,126 57,159 Components of cash and cash equlvalents Cash and bank balances 241,126 166,465 241,126 166.465 Page 7
Woodcroft Pre-school And Wraparound Care Notes to the Accounts for the year ended 31 March 2025 l Accounting policies 8asls of preparation The financial statements have been prepared in accordance with 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 IFRS 1021 (effective I January 20151 (Charities SORP {FRS 1021). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Change In basls of accountln8 or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountin8 Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Staternent of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants. donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts 8ift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llosses) on This includes any gain or loss resulting from revaluin8 investments to market value revaluation of fixed at the end of the year. assets Gains/{lossesl on investment assets This includes any gain or loss on the sale of investments. Page 8
Woodcroft Pre-school And Wraparound Care Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs 3$50ciated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxatlon The charity is exempt from corporation tax on its charitable activities. Tanglble flxed assets and depreclatlon Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures, Fittings and Equipment 20% Reducing Freehold Investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as thev arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 9
Woodcroft Pre-school And Wraparound Care Notes to the Accounts Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The correspondin8 liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifyin8 assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Receipt of donated goods, facilities and ser¥Sces All donated goods, facilities and seprfice5 received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 10
Woodcroft Pre-school And Wraparound Care Notes to the Accounts 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Financial Activities - prior year Unrestricted funds Total funds 2024 2024 Income and endowments from: Charitable activities 557,633 557,633 Total 557.633 557,633 Expendlture on: Charitable activities 29,647 29,647 460,051 Other 460,051 Total 489,698 489,698 Net Income 67,935 67.935 Net Income before other gainsl(losses) Other galns and losses: Net movement In funds 67,935 67,935 67,935 67,935 Reconclllatlon of funds: Total funds brought forward Total funds carrled forward 109,306 109,306 177,241 177,241 4 Income from charltable actlvltles Unrestrlrted Total Total 2025 2024 Funding Fees 498,627 209,155 707.782 498,627 209,155 707,782 311,677 245.956 557,633 5 Other Income Unrestrlrted Total Total 2025 2024 500 500 s 500 Page 11
Woodcroft Pre-school And Wraparound Care Notes to the Accounts 6 Expenditure on charitable artivities Unrestrirted Totsl Total 2025 2024 Expenditure on choritoble activities Funding Governonce c05tS 40,586 40,586 29,647 40,586 40,586 29,647 7 Other expendlture Unrestrlcted Totsl Total 2025 2024 Employee costs Motor and travel costs 503,131 387 503,131 387 391,664 284 Premises costs Amortisation, depreciation. impairment, profit/loss on disposal of fixed assets General administrative costs 39,974 39.974 42,203 10,446 10.446 4,353 14,225 8,426 576,589 14,225 8,426 576,589 15,681 5,866 460,051 Legal and professional costs 8 Net Income before transfers 2025 2024 This is stated after charging: Depreciation of owned fixed assets Independent Examiner's fee Other fees paid to the auditor or independent examiner 10,446 100 4,353 100 1,620 1,620 9 Trustee remuneration and expenses One or more of the trustees has been paid remuneration in the current or prior periods. Other beneflts Trustee Remuneration Pension E. Keens 18,701 44,442 293 503 T. Voysey 1,062 1,062 Page 12
Woodcroft Pre-school And Wraparound Care Notes to the Accounts 10 Staff costs 2025 2024 Salaries and wages Social security costs Pension costs 453,944 24.201 8,461 486.606 359.541 19,915 7,070 386,526 No employee received emolurnents in excess of £60,(KK). Total employee benefits received by key management personnel 1.565 The average monthly number of full time equivalent employees during the year was as follows: 2025 Number 2024 Number 18 18 18 18 11 Tan8lble fixed assets Fixtures. Fittings and Equlpment Total Cost or revaluatlon At l April 2024 Additions At 31 March 2025 Depreclation and Impalrment At l April 2024 Depreciation charge for the vear At 31 March 2025 39.853 34,972 74,825 39,853 34,972 74,825 22.593 22,593 10,446 10,446 33,039 33,039 Net book values At 31 March 2025 41,786 17,260 41,786 17,260 At 31 March 2024 12 Debtors 2025 2024 Trade debtors 10,960 10.960 9,170 9,170 Page 13
Woodcroft Pre-school And Wraparound Care Notes to the Accounts 13 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxes and social security Other creditors 3,859 9,958 9,643 2.064 25,524 5,792 7.343 899 Accruals 1,620 15,654 14 Movement In funds Incomlng resources (Includln8 other At l Aprll galns/losse5 2024 Resources expended At31 March 2025 Restricted funds: Unrestrlcted funds: General funds 177,241 708,282 (617,175) 268,348 Total funds 15 Analysls of net assets between funds 177,241 708,282 1617,1751 268,348 Unrestrirted funds Total Fixed assets Net current assets 41,786 226.562 268,348 41,786 226,562 268,348 16 Reconclliatlon of net debt At31 At l Aprfl 2024 March Cash flows 2025 Cash and cash equivalents 166.465 166,465 74,661 74,661 241.126 241,126 Net debt 166.465 74,661 241,126 Page 14
Woodcroft Pre-school And Wraparound Care Notes to the Accounts 17 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as follows: 2025 2025 2024 Z024 Land and buildings Other Land and Other buildings Operating leases with expiry date: Pension commitments 2025 2024 The pension cost charge to the company amounted to: 8,461 7,070 Unpaid contributions due to the fund are included in other creditors and amounted to: 1.089 Page 15
Woodcroft Pre-school And Wraparound Care Notes to the Accounts 18 Related party disclosures Nome of related party Description of relotionship between the porties Description of tronsoction and generol omounts involved EmmaKeens Daughter of Trustee Remuneration and benefits £36,856 Name of reloted porty Description of relationship between the parties Description of tronsaction ond generol omount5 involved Claire Voysey Daughter of Trustee Remuneration and benefits £36.856 Name of reloted party Description of relationship between the parties Description of transaction ond generol amounts involved Jessica Voysey Daughter of Trustee Remuneration and benefits £38,097 Name of related party Description of relationship between the porties Description of tmnsoction and generol omounts involved Controlllnq porty Lewis Voyesy Son of Trustee Remuneration and benefits £30,327 The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 16
Woodcroft Pre-school And Wraparound Care Detailed Statement of Financial Artivities for the year ended 31 March 2025 Unrestricted fvnds Total funds Total funds 2025 2025 2024 Income and endowments from: Charitable activities Fundin8 Fees 498.627 209,155 707,782 498,627 209,155 707,782 311,677 245.956 557.633 Other 500 5Lh) 500 500 Total Income and endowments 708,282 708,282 557,633 Expendlture on: Charitable activities Funding 40,586 40,586 40,586 40,586 29.647 29,647 Total of expendlture on charltable actlvltles 40,586 40,586 29,647 Employee costs Salaries/wa8es Directors, remuneration Employer's NIC Pension costs Staff recruitment Staff trainin8 Staff welfare 389,446 64.498 24,201 8,461 708 389,446 64,498 24.201 8,461 708 8.943 6.874 503,131 325,694 33.847 19,915 7,070 8,943 6,874 503,131 2,454 2,684 391,664 Motor and travel costs Business mileage costs reimbursed 387 387 284 387 387 284 Premises costs Rent Light, heat and power Premises cleaning Premises repairs and maintenance Other premises costs 21,843 1,938 7,113 21,843 1,938 7,113 22,513 9,128 557 7,633 7,633 7,058 1,447 39,974 1,447 39,974 2,947 42.203 General administrative costs, including depreciation and amortisation Page 17
Woodcroft p-sChool And Wraparound Care Detailed Statement of Financial Activities Depreciation of Fixtures, Fittings and Equipment Depreciation of Bank charges Equipment repairs and maintenance 10,446 1.193 10,446 1,193 4,353 1,059 118 118 5.363 General insurances 3,590 19 3.590 19 2,523 17 Postage and couriers Software, IT support and related costs 2,457 2,457 2,191 Stationery and printing Subscriptions Sundry expenses Telephone. fax and broadband 3.725 415 3.725 415 371 1,967 340 371 506 2,337 24,671 2,337 24,671 1,715 20,034 Legal and professional costs Accountancy and bookkeeping Consultancy fees Other legal and professional costs 6,280 1,953 6,280 1,953 5,147 193 193 719 8,426 8,426 5.866 Total of expendlture of other costs 576,589 576,589 460.051 Total expendlture 617,175 617,175 489.698 Net gains on investments Net Income 91,107 91,107 67,935 Net Income before other 8alns/(losses) Other Gains 91,107 91.107 67,935 Net movement In funds 91.107 91.107 67,935 Reconclliation of funds: Total funds brought forward 177,241 177.241 109,306 Total funds carrled fOard 268,348 268,348 177,241 Page 18
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesldirectorsl members of Woodcroft Pre-school and Wraparound Care On accounts for the year ended 31st March 2025 Charity no.: 1146967 Company no.: 05756948 Set out on pages 1to2 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31103 12025. Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law). you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act"). Having satisfied rnyse that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act.). In carrying out my examination. I have followed the Directions given by the Charty Commission (under section 145(5)(b) of the 2011 Act. Independent examiner's statement he company's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of The Chartered Institute of Management Accountants. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') which gives me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006. or . the accounts do not accord with such records. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. or .the accounts have not been prepared in accordance with the Charities SORP (FRS102). IER October 2018
I have no cOnM5 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 accounts to be reached. Signed: Date: 1110212026 Name: Adam Dowse Relevant professional qualification(s) or body (if any): Fellow of the Chartered Institute of Management Accountants Address: 2 Langdale Avenue, Drayton Portsmouth. Hants P06 2NU Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Whilst conducting my examination I have identified a matter of concern in my report because I have COnmS that there has been material breach of the charity's constitution. Give here brief details of any items that the examiner wishes to disclose. According to the charity's constitution. trustees and related parties are not permitted to receive remuneration. Furthermore, the charity did not secure explicit authorisation from the Charities Commission to allow such payments. I have been advised by the trustees that they have informed the Charities Commission and are seeking approval before amending the constitution document. The charity has recently adopted a conflict-of-interest policy to manage conflicts-of-interest. Trustees, and Related-Party remuneration and benefits are disclosed in the annual accounts in accordance with the Charities SORP requirements. IER October 2018