Company Rogistration Number. 07745594 Reglster•d Charlty Number: 1147691 MARYVALE COMMUNITY PROJECT (A reglstgr•d ¢harlty. and • ¢ompany Ilmlt•d by guarant••) REPORT OF THE DIRECTORS & TRUSTEES & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 Cornpany Registration No.. 07745594 IJIARYVALE COMMUNifY PROJECT hari and a com an Ilmlted Are uarante CONTENTS OF THE F NAN For the eare ded 31 TE ENTS er Page Company Infomialton Report of the Dlrectors and Trustees Roport of the Ir￿apendent Examlners Statement of FlnancLg1 Acllvllles Balance $h¢ot Notes lo the Flnancial StalBrnent5 10-14 Compary Registration No.. 07745594 MARYVALE COMMUNITY PROJECT IA reolstered charltv. and a comoan limited b uarant¢e COMPANY INFORMATION For tha ar ènd¢d 31 October 2022 DIRECTORS AND TRUSTEES Mrs Barbara A O'callaghan Mr Anthony F Dvryef Father Hudson's Soclety Mlss Mary T A Welch Mr Domlnlc J F8￿Y Chairperson Treasurer Corporate dlrector Parlsh representative COMPANY SECRETARY Mr Anthony F Dwr REGISTERED CHARITY NUMBER 1147691 REGISTERED OFFICE Maryvale Community Centro Old Osooll Hlll Blrmingh8m Wesl Midlands 844 9SR MAIN OFFICE Our Lady of The A8sumpUon Communlly Centre Old Oscott Hlll Klngslandlng Blrmingham 844 9SR INDEPENDENT EXAMINERS Four Oaks Tax0t(on & ACCOUn￿n9 Servlces Llmlted Sullo D, Astor House 282 Llchfield Road Four Oak5 Sutton Coldfield West Midlands B74 2UG Page 1 Company Registration No.. 07745594 MARYVALE COMMUNITY PROJECT Istered charlt com anv Ilmlted b uarantee ORT OF THE DIRECTORS AND TRUSTEES For thè ear ended 31 October 2022 Th8 trustees of the charlty. who are also dlrectors of the company, present their annual report. together vAth the charitable companrfs financial statements, for the year ended 31 October 2022. REFERENCE AND ADMINISTRATIVE DETAILS Thèse details are shown on the 'Company Information, pagg. on Page 1 of these flnanclal statements. INTRODUCTION Mawale Communlly Project {"MCP'I L8 at one and tho same time a registered charity and a registered ¢ompany. The persons whose names appear on page l of these accounts are both trustees for the purpose of charlly law and directors for the purposes of ￿mPanY law. Accordlngly In this annual report they ￿11 be described a5 Charity Director$. The Charity Direelors have pleasure in pras&nUng thelr annual report toget￿r th MCP'S audited financi818talemenls lor the year endod 31 October 2022. PRINCIPAL ACTIVITIES AND OBJECTIVES Tho AAicles of A$so¢ialion specify the Charitable oblects for whlGh MCP was eslabllshed namely.. 'the advan¢ernenl ol cllizenshlp or communlty d￿elOpMent., and the rellef of those in need by reason of youth, age. 111-heallh. dlsabilily, financlal hardship, or olhor disadvaniage, and In carrying out these oblec15. thè charlly shall remain Insplred and gutded by thg ethos and value3 of115 Mlssion Stalernent." MCP soeks lo se￿e those resident pdmaruy In the Parlsh of Maryvale, defined as the Klngslanding, Great Barr and Ph¢a$ey Eslale areas of North East Birrnlngham. The prlnclpal acllvitles of MCP In the year under review have been the managèment and development of a communlly prolecl for the furtherance of Ihe above objects, through th9 organlsatktn and oporalSon of..- - A weekly Lunch Club., The Sunshine Club., Home visltlng., - Telephone befriending-, Asslsllng elderly parlshloner8 to attend Mass on Sund8y8,' and lo Ihal end. employlng staff. gngaglng volunlaers and maklng numerou8 grant appllcatlons. BACKGROUND Origlnally, Maryvale CommunSty Prolecl was an unlnwrporated communlty-ba8ed organisotlon whlch was formed followlng the reeognition by the then parlgh pdesl of Our Lady of th8 A8sumptKJn, Catholic Church. Father Davld Oakley (as he thon was) of the SIgn￿lCant needs of the olderly population of the locat ¢ommunlty In the Parbsh of Maryvale. The Mawale Communtty Centre was, al that lime, an gxtr¢mely valuable bul much.undenJyed and rather run4own resource. Father Davld recognised that11 could be applied to much gre81er advantage as a focal polnt within the community. providlng a place for local peopl8 lo meèt and socialise, lake part in actlvllies, flnd support when in nood and a base from which support worktr9 and volunteers could provlde services lo that end. A committee of volunteers was formed in 2005.11 was made up of parishion8fS w¢lh experience and professional expertlse in the provlslon of social care and support. An extenslve census was conducted wEtNn the Parish and local community to establish the prease needs whlch needed to be met. At the same tlme plans werg put In pla￿ for the extensive renovallon and improvem&nl of thè bulldlng fabr￿ of Mawale Community Centre Itself su¢h that It would be ready lo meet the needs idenirfied by the census. Continued... Poge 2 Company Registrati¢XL No.. 07745594 MARYVALE C UNITY PROJECT Istered Charlt and a Com an Llmtted B Guarantee REPO T OF THE DIRECTORS USTEES For the ear ended 31 Octobèr 022 continued BACKGROUND CONTINUED Basgd on the census results. and with substanlial and slgnificanl support provided by Father Hudson's Care. fvnding was obtained from the Blg Lottery Fund which funded MCP for four years. MCP was inc(Kporaled In August 2011. taking over the assets from the unlnc(Kporated organlsatlon and became a Registered Charity In Juno 2012. STRUCTURE, GOVERNANCE AND MANAGEMENT MCP is estsblished as a company Ilmlled by guarantee. Each of th8 legal members of MCP to vthom thls report Is addressed has undertaken. rf evgr MCP should have lo b& wound up. to conlrlbut8 a fixed sum to a fund lo pay off MCP'S creditors. That Is the guarantee. As o ¢ompany, MCP h88 to have a Board of Dlre¢tors who have to ensure that MCP complies wlth Ihe18W 8ppllcable lo all companies whelhgr larg8 or small or whether they are charllable or trading concems. MCP is also a registered charlty and 80 the Board of Directors, as far es the Charity Comrni5slon Is concerned. perforrns the same functions as ony Tru51ee5 of a charlly do narnely ensuriThJ ihat MCP fulflls Ils charitable oblgcI$. The founding documents of MCP are Its Mgmorandum and Axtl¢les of Association and the Mission sl8lemenL The ArtlcS&s of As50clalion are the officlal legal rulèbook vthlch govems both the Charlty Dlrgclor¥ and the legal members of MCP. Logal Members are those onllued lo allernl and vote al the AGM. They need not ba members of the Tuesday Lunch Club or users of any of the seNlces whlch MCP provldes. Those Charlty Directors who are natural per80ns glve Ihetr Ilme and seNlces voluntarlly and recelve no solary, wage or beneflls from MCP. Whllsl the Charity Dlrector$ do have a leg81 enlluemént to reclalm expenses properly Incurred. no such dalrn ha5 ever yet been madè. Under tho Articles of Association, Falh8r Hudson's Care shall al all limes during the conllnuance of MCP bè a Corporate Olreclor and shall be enlltled to be ￿￿esented al meetsngs of the Char4ty Directors by one or more natural persons provlded those persons are over the age of 16 an¢J Is not otherwise dSsquallfi8(l from belng 8 Charity Dlre¢tor. Currently both Mr5 Joanne Watlers and Mr8 Vèrrona Wotrjley 8r¢ asslgned lo 88$l$t Project. The Cha￿ty Dir￿tOrS maftage MCP. The Artidès of A85o¢lallon Tèqulre that ther8 shall be not lass than 5 Chaflty Directors al any glven Ilma. Ordlnary meetlngs of the Charlty Directors shall be quoraie11 alloasl 2 Charlly Dlreclors are presonl or one thlrd of thg lotsl number of Charily Directors al the tlme whlchover Is the greater. There Is sllll an urgent need furiher r8¢rultmenl lo the Board of Charlly Dlrectors. General Meetings of MCP shall be quorale If 5 members are wesent or one lenlh of the total membership al the ￿Me. whlchever Is the greater. DeaS￿n5 al all meetings shall be carrled by a simple malorlty of those presént and quallfled to vole. The Chair shall have a casting vole in the event of a lie. The power of appointment of Charlty tHreclors ultimately rests with the Legal Members. The Charlty Dlredors are gnlllled lo appoint others lo the Board in between Annual General Meetings but such appointments musl be ratified al the next ensulng Annual Genoral Moeling. Copies of the Memorgndum and Arudes of Assoclatbn and the Mlsslon Slalement are published on the MCP webslle and hard tJ)pies may be obtair4ed by sending a propedy prepald and self-addressed gnvelope to the Company Sewlary al the Registered off￿ of MCP. Page 3 Company Registration No.. 07745594 MARYVALE COMMUNITY PROJECT A R¢alstered Chari . and a ComDanv Llmlted Bv Guarantee) REPORT OF THE DIRECTORS AND TRUSTEES Forthe ear ended 31 October 2022 contlnued THE BOARD OF CHARITY DIRECTORS AND TRUSTEES The mambers of the board. who are dtrecto¢s for purposes of company law. and trustees for PLffwses of charity law, and who served during the year or since the year end up lo Ihe dale of this report, were as fc41ows: Dtr8¢lors and trustees who SèNed durlng the year'.- Mrs Barbara A O'callaghan - Chairporson Mr Anthony F Dwyer- Treasurer ond Company SgGretary M15s Mary T A Welch Father Hudson'8 Care Irepresenled by Mrs Joanne Watters and Mrs Verrona Woodley> Mr Domintc J Fahey JI dlreclors and trustees glve thelr lirne and $ervl¢e$ voluntarily, and receive salary, wage or benefts from Ihe charitable company. In accordance wth the companls Articles of AssoclalSon, Mr Anthony Dsyyor wlll reure by iotalion ¥1 the Annual General Meellng IAGMI, and belng ellglble lo do so. wlll apply for reappolnlmenl. As explained al the last AGM of MCP. tho Charlty Dlre¢tors have been seeking lo Identify addilior)al persons lo lotn the Board. Applicollons from wllllng ¢andldales would be very welcome. and Indeed are now urgenlly needed. REVIEW OF THE YEAR'S ACTIVITIES AND PERFORMANCE Followlng two very difficult years, during which the charllys actlvllles were severely curtailed due to Govemmenl reslrlclions In relallon lo the Covl¢J-19 pandemlc, our core acuvllles have now fully rèturned to normal. Donna CroYl8y Continues to do a fantastic ￿ts of managlng our varlous &roups for u8, and Is very popular and hugely apprecSated by those we servg. Verrona WcN)dley. who Father Hudson's SocSety provlded lo us lo help us durlng the Covkl limes, has now been recalled to more"nom81 dulles. al Father Hudson's, but stlll r8malns of valuable service lo vs. Father Hudson's Society also C￿lInUe lo help us by ￿Mple￿ng funding applicallons on our behalf, a service Imth￿l whlch we simply wouldn't be able lo continue. The Iruslees would Ilke lo exprèss their thanks to both of our Folher Hudson's board member5, Joanne Watlers and Veffona Woodloy, and to Father Hudson's Soclety Rself, for thelr Snvaluable $uppGYt throug￿1 th18 and previous years. The obiaining of funding has remained a prlority, and the prin¢lpal pollcy of the Charlty Dlrectors for the year under rovlew was lo keep MCP funclloning Sn accordanco wélh ils chwiiable objects. Two casualtleg of the Covid pandemlc, our Small Club Lollery, MCP 50150. and our SUr￿aY Minibus servlce, have not been resumed. The Charlty Dlrectors rèmain opèn lo possibly re-starting the lottery. bul would rgquirfj Parl8h support lo resumg the Sunday minibus servlce. Without our many volunteers, wa slmply Gould noi fun¢iion effèciivoly and ￿ Charlty Dtrectors extend their grateful thanks to each and everyona of them for their 88lfless glvlrKd of th6lr ￿me and energy lo MCP'$ aolivilies. RISK POLICY The Charity Directors Idenllfy the ￿ keys ri8ks which la￿ MCP as being.. {11 the loss of ils funding,. and 12> thè loss of ils excellent reputation wlhin the local community due lo either imwudent use of fijF￿$, or to complaints arising from the carying out of its mission. Confynued... Page 4 Company RegistralKJn No.. 07745594 VALE OMMUNITY PROJECT and a Com an Llmlted 8 G iste ari ar tee E DIRECTO the ear ended EES 22 continu RISK POLICY contlnued To manage these risks the Charity Dthtors contlnua lo tske the follovlng aGtions- Loss of funding - MCP Manager produces a detailed furKling plan to tra¢k appI￿atIOnS. Thls is reviewed monthly In a meeting with Mr5 Walters and quarledy al a Boartl Meeting of the Charity Directors. - The Charlly Directors agree an annual budget al the beginning of each accounting year. This is revlewed In the same manner as tho fundlng plan. Furthermore, those Charlly Directors who are registered slgnatories for MCP'8 on-l￿e account refer lo this budget before aulhori$lng expenditur8. - Flnally, MCP receives financial support from Father Hudson's Care. Imprudènt us8 of lunds rec8ived - Three of the Charbly Directors act as thè Flnance Committee of the Board and are the gulhorl88d signatories for on-lino banking. Cheques requlre iwo Chartty Directors lo slgn. - The annual accovnls 8re profossionally audited. The Charlty Dlreclors keep these pollcles urKIoT regular revlew 8nd Indeed add lo ¢X update thern as the law requires. RESERVES POLICY MCP'$ pollcy is lo maxSmlse Its Incorne for the furtherance of Its charftable oblecls. Both reslrlded and unreslrlcled funds are madet use of lo enable MCP lo operate effectively and to covor lis on%oing running Cogts. FUTURE PLANS In 2017118, the Charlty Dlreclors prepared and adopted a 10-polnl, &year A¢ts'on Plan, of vthlch the follovlng ill be of particular interest lo the members: Recrullmenl of addltional volunt8ers.' Converslon lo a CharlIa￿e Incorporated Organlsallon I'CIO"). Our appllcallon to bacome a CIO has now bgen submitted. and we await the outcome. It 13 undersl¢)od Ihls can tske some Ilma, bul we fully anllcSpale bèlng notffied soon of our new status. Indeed. the Charlty Commlsslon Is now encLJuraging all charblles to convert lo CIO status. A CIO doas not have lo fvnclion exocuy s a company éoes.11 ￿11 sllll have a constliutlon and wlll publlsh financlal slalemenls bul11 wlll only have to file documents with the Charity Commission rather than wllh both the Charity Commission and Companles House as MCP does al pre3enl. Furthermore, by not hawng to Imltale the way a company oporales In every detail, the Chaiily Directors hope lo rnake the general meetings of MCP a little less fomal. Thls Importsnl change remains under consideration by the Charity Directors, bul would be pul before the members al a future Annual General Meeting before being Implemented. RESPONSIBILrriES OF TTrIE DIRECTORS AND TRUSTEES The trustees (who are also directors of Maryvale Communlty Project for the purpose of cornpany lawl are responslble for preparlng the TNslees' Annual Rewt and the financlal ststements In accord8n¢e appllcable law and United Kingdom A¢counliw Standards (United ￿'r￿jd0rn Generally Accepted AcwuntirKJ PraGt(ce}. Company law requires the tru$tee3 to prepare finandal statements for each flnancial year. which glve a true and lair view of the stale of affairs of the charitable ￿MpanY and of the Incomlng resourcès and applicatlon of resources, indudirvJ the Income and expeTrJiture. of the (a)aritable company for that perlod, In prep8rlng Ihese rinarrial slalements, thg trustees are required to.. Continued... Page 5 Company Registration No.. 07745594 REPORT OF THE DIRECTORS AND TRUSTEES For thè ear ended 31 Odob¢r 2022 continued RESPONSIBILITIES OF THE DIRECTORS AND TRUSTEES continued - select sullable accounting pollde8 end apply thom consistendy-, - observe the mathods and principles Sn the Charities SORP 2015 IFRS 1021,. - make ludgements and eslimales that are reasonable and prudent.. - slate whether applicablè UK Accounting Standard5 have begn followed. subject to any material departures di$closgd and explained in the financlal stalemènls., and p￿pare the financlal statements on the going COn￿M basis, unless1169 inappropriate lo presume that the charfiable wmpanywtll contlnue in oper81ion. The trustees are responslble for keeplng adequate accounhng records and that disc10s8 With reasonable accuracy al any tirne the financlal posllion of the charitable company and enable them lo ensure that the financial slalemenls comply Nwth Ihe Companles Act 2006. They are also responsibla for safe9uarding the as5els of the charllable ¢omp8ny and he￿e for tsklng reasonable slaps for the prevenllon and delecllon of fraud and olhor Irr&gulari11gs. In so far as the trustoes are aware.. there Is no relgvanl audll Infomiallon of which the Gharilable companls auditor 1$ unaware,. and the frusle95 have taken all 818ps that they ought lo have taken lo make themselve8 awarè of any relgvanl audit Informallon and lo establish that the audltor is awar& of th81 Information. INDEPENDENT EXAMINERS Four 08ks Taxallon & Accounllng Swvices Llmiled. having indicated Ihair willlngness to oonllnue In office, will be propo$8d for reappolnlmenl al the Annual General Mtsellng. This report has been prepared in accordance with th8"Slalemgnl of Recomrnended Practice.. Accounting and Reportlng by Charllies. Ilssued in January 20151 and In accordance wllh the special wovlslons ol Part 15 of the Companles Act 2006 relating lo small companies. APPROVAL OF THE DIRECTORS AND TRUSTEES Approved by the dlrectm and truslees on and slgnèd on thelr behalf by'.- Mrs Barbara O'callaghan Chalrperson, Dlreclor and Truslge Dale Page 6 INDEPENDEN CHARTERED ACCOUNTANTS. REVIEW REPORT TO THE DIRECTORS OF MARYVALE COMMUNITY PROJECT Istered charl and a com an IlmSted b Are aran We have reviewed the financral statements of Maryvale Community Project for the year erxled 31 October 2022 which comprlse the Statement of Financial Activities, the Statement of Nel Assets and the related notes 1 10 15. The financial reporting framework that has been applied In thelr preparation Is appllcable law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting Practice), including Financial Reporting Standard 102 The Flnan¢lal Reporting Standard applicable in the UK and Republic of Ireland,. This report is made solely lo the companrfs directors in accordance with our lemis of engagement. Our review has been undertaken so that we mlght slate lo the directors those matters that w8 have agreed with them In our en9agement leller, and for no other purpose. To the fullest extent permitted by law. we do not accept or assume re8ponsibllity to anyone other than the company and the company's directors for wr work, for thls re￿1, or the conclusions we have formed. Dlrectors. rgsponslblllty for the flnanclal Statements As explalned more fully in the Responsibilities of Directors 8nd Trustees Statement on page 5. the dlrectors are responsible for the preparation of the financial slalements, and for being satisfied that they give a true and fair vww. Accountants. r•sponslblllty Our responslbillty Is lo express a conclusion based on our revlew of the flnanclal stal8men18. We condu¢led our review in accordance wlh International Stsndard on Rèview Engagements IISREI 2400 (Revised), 'Engagemenls lo review historical financial slatemenls. and ICAEW Technlcal Release TECH09113A4F 'A$surance review engagements on hl8lorlcal financial slatemenls,. ISRE 2400 also requlres us to comply wlth the ICAEW Code of Ethics. Scopè of the assurance revlew A revlew of flnanclal stal&ments In a¢¢ordance ISRE 2400 (Revlsedl Is a Ilmlted assuran¢e engagement. We have performed additional procedures lo those required under a completion engagement. These primarlly consist of making enquiries of management 8nd olhers wthin the enlity, as appropriate, applying analytical procedures, and evaluallng the evldence oblalned. The procedures performed In 8 revlew are subslanllally less than those performed In an 8udlt conducted In accordance wllh Inlematlonal Stsndard$ on Auditing (UK and Iroland). Accordlngly, we do not express an audit opinion on these financial stslements. ConGlu$lon Based on our review, nothlng has come to our attention that causes US to belleve that the financlal statements have not been prepared.. so as lo glve a true and falr vlew of the slate of the companqs affalrs as at 31 October 2022, and of net movement of funds for the year then ended., In accordance with Uni18d Kingdom Generally Accepted Accounting Piactice, including Financial Reporting Standard 102 The Flnanclal Rewrtlng Standard appllcabla In the Unlled Kingdom and RepU￿1C of Ireland.: and - in accordance wth the requirements of the Companies Act 2006. gtir Oaks Taxation & Accounting Services Llmiled Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfleld West Midlands 874 2UG Page 7 Company Regislratton No: 07745594 MARYVALE COMMUNifi PROJECT istered charlt and a com an Ilmited b re uarantee STATEMENT OF FINANCIAL ACTIVITIES THE YEAR ENDED 31 OCTOBER 2022 Restricted Funds Unresiricl d Funds Total 2022 2021 Incomlng resourcos Grants and donatlons Other Prolect fvndralsing 50-50 Club 6.000 14.697 16,119 165 20.697 16,119 165 47,558 5,322 165 Tthal Incomlng resource8 6.000 30,981 36.981 53,045 Expèndlture Slatt costs (salarles, NIC & penslons) Staff tralningltravel 4,000 15,483 19,483 33,415 Staff costs 4,000 15,483 19.483 33.415 Rent Insuranc• Slalionery and photocopylng Telephone and Inlernel and website Computer costs Postage Caterlng and resources for groups Volunteers, exp8n8es Social events Management & payroll administratlon Raffle and blngo prlzes Sundries Audllors, ffjmun¢ralion Depreciation of fixed assets 5,282 624 42 1,313 5.282 724 42 1,713 750 1,470 67T 2, 157 212 84 1,717 100 400 10 600 31 3,774 90 417 2,630 S74 512 1,260 141 41 4,374 90 417 3,500 574 512 1,260 141 870 3,500 691 1,260 170 Other ¢o#ts 1,980 16,690 18,670 Total expondlture 5,980 32,173 38,153 46,103 NET MOVEMENT IN FUNDS 20 11,1921 11,172) 6,942 Fund8 brought fonvard 2,080 10,095 12,175 5,233 Funds transler FUNDS CARRIED FORWARD 2,100 8,903 11,003 Page 8 Company R8gistratKTrn No.. 07745594 Yv Nl an and a com limite 31 OCTOBER 202 Restricted Unrestrict Funds *d Funds Total 2022 2021 Note Flxed Assots 884 1,025 Current As$¢ts Debtors Cash at bank and In hand 590 20.953 590 23.053 2.100 20,488 Credltors - amounts falllng due wlthln one year 19.524} (9,524) (7,907) Credltors - amounts falllng due oftor moro than ono year 10 {4,IMXI> 14,000) (2,000) Net A880ts 2.1¢)0 8.903 11.003 12,17 A¢¢umulat•d funds Brought foN8rd Net movement for year Carrfjed foThvard 2.080 20 2.100 10.095 12.175 {1,192) 11,1721 6,233 6.942 12. 11 For the year ended 31 October 2022 Iho company wag entitled lo exemption from audit under 8ecllon 477 of the Companies Act 2006 relating to small companies. The mémbers havo not required ihe company lo obtaln an audll In accordance Secuon 476 of the Companies Act 2006. The charity dlre¢tors acknO￿•d98 thelr respons1￿lIty for complylng wlth the requlromenls of the Acl wlh rospecl to ￿cOuntIng reccffds, and for the preparation of accounts. The Ilnandal statements have been p￿ pared in accordance with the speclal provlstons applicable to companles subject to the small companles regime. Approv¢d by thg charity dlrociors. and 8lgn•d on thelr behalf by: Mrs B O'callaghan - Iryierson. ThreGlor and Trustee LL - Treasurer. Director and Trustee Page 9 Compary Registration No." 07745594 UNITY PROJE and a tom an limited b re Istered charit OTES TO THE FINAN YEAR ENDED TEMENTS BE 20 I ACCOUNTING POLICIES Basls of preparation Maryvale Community Project is a charitable company limited by guarantee, whith is a publlG benefit enllty. registered in Englar￿. The address of the registered off￿9 is given on the company Informalkjn page, found on page 1, of the financSal slalemenls. The nature of the Gharitls operations and princlpal aclivitias can be found wllhln the Report of Dlreclors and Truste8S. The financSal s18tements have bean prepared under the hlstOriC8t cost eonventlon, In aecordance ￿th FRS 102 effe¢live January 2015. and in accordance wslh the Stal¢m¢nl of Recommended Pra¢liGe- Accountlng and Reporting by Charilles. {Charitigs SORP FRS 1021. and w¢lh the Companies Act 2006. The Chadty has applied Update Bulletin 1 as publlshed on 2 February 2016 and does nol Indude Slalemenl of Cash Flows on tho grounds that Is applying FRS 102 Section 1A. Golng concem Tha financial Statements have been prepared on a 'golng concern basls,, which assumes the cor)linugd support of charitable trusts and other donors, be￿￿Se the dlrectors and trustees remaln confident that thls supp