**Charitable Incorporated Organisation registered number: 1151999**
## **THE BROOKHOUSE HILL TRUST**
## **Report and Financial Statements**
**Year ended 31 March 2023**
**THE BROOKHOUSE HILL TRUST**
|**REPORT AND FINANCIAL STATEMENTS 2023**||
|---|---|
|**CONTENTS**|**Page**|
|**Trustees' report**|**1**|
|**Statement of financial activities**|**4**|
|**Balance sheet**|**5**|
|**Statement of cash flows**|**6**|
|**Notes to the accounts**|**7**|
|**Independent Examiner's report**|**11**|
**THE BROOKHOUSE HILL TRUST**
## **REPORT AND FINANCIAL STATEMENTS 2023**
## **TRUSTEES’ REPORT**
The trustees present their annual report and the financial statements for the year ended 31 March 2023, with the comparative year ended 31 March 2022. The report and financial statements comply with the requirements of the Trust’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **LEGAL AND ADMINISTRATIVE DETAILS**
## **Trustees**
Timothy Fairbrother Herman Ferreira Paul Houghton
## **Registered Office**
Chantrey House 67 Brookhouse Hill Fulwood Sheffield S10 3TB
## **Bankers**
Kingdom Bank CAF Bank Media House 25 Kings Hill Avenue Padge Road Kings Hill Nottingham West Malling, Kent NG9 2RS ME19 4JQ
## **Independent Examiner**
Eric Paul German ACA 546 Fulwood Road Sheffield S10 3QD
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Trust was registered as a Charitable Incorporated Organisation (registration number 1151999) with the Charity Commission on 13 May 2013. The Trust is required to have a minimum of three trustees. Three trustees served through the year.
The trustees are non-executive. They meet as necessary to review all aspects of the Trust’s activities, including its finances, and to make planning decisions for its ongoing work.
## **Management of risk**
The trustees have considered the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate the Trust's exposure to the major risks.
The Trust’s activities have been and will continue to include the provision of property in the support of the Trust's objects, part funded by commercial debt. The most significant risks to the Trust will therefore be the Trust being unable to meet its financial obligations in relation to debt interest payments and major unplanned capital expenditure. These risks will be managed by the Trust only investing in property for which there is a strong resale market, appropriately limiting any loan-to-value ratios, and adequately insuring the Trust's property.
More broadly, the trustees' system of financial risk management involves maintaining the Trust's reserves at a level appropriate for its future plans.
1
**THE BROOKHOUSE HILL TRUST**
## **TRUSTEES' REPORT (continued)**
## **OBJECTIVES AND ACTIVITIES**
The Trust’s objects are:
- to advance the Christian religion for the benefit of the public; and
- to advance Christian education and learning for the benefit of the public.
In fulfilment of the Trust's objects and in close adherence to evangelical Christian doctrine as set out in the Trust's Doctrinal Basis, the trustees plan and deliver the Trust's activities. The activities of the Trust, as defined at the Trust's formation and during the year ended 31 March 2023, were to raise funds from private individuals and charitable trusts and use the leverage of bank mortgages, for:
- (i) the purchase of capital assets to be used in the support of the objects - specifically, for example, making available housing to Christian ministers engaged in the proclamation of the Christian faith; and
- (ii) the financial support of Christian ministry through local churches and other charitable organisations.
These activities may be altered from time to time by a resolution agreed in writing by all trustees, or a resolution passed by 75% of trustees at a general meeting. The trustees are fully aware of the requirements for the Trust, as a registered Charitable Incorporated Organisation, to be acting in the public benefit, and the trustees are of the view that all the Trust's past, present and future planned activities are in the public benefit as defined by the Charity Commission.
## **ACHIEVEMENTS AND PERFORMANCE**
During the year ended 31 March 2023, the Trust has continued to pursue its objects primarily through the rental of residential properties to the Parochial Church Council of Christ Church Fulwood Sheffield (‘Fulwood PCC’ or ‘the PCC’) to provide accommodation for some of that church’s ministers.
The Trust has owned three houses throughout the year: 7 Whitfield Road Sheffield S10 4GJ, 50 Brooklands Crescent Sheffield S10 4GG and 1 Roscoe View Sheffield S6 5PR. These houses are all held for the long term, financed primarily by a bank mortgage facility, with the additional support of an unsecured loan from a private individual. During the year the Trust paid to acquire the freehold of each of the two leasehold properties (7 Whitfield Road and 50 Brooklands Crescent) and therefore all three properties are now held as freehold.
The Trust’s primary source of debt finance is a 30-year mortgage with Kingdom Bank which commenced on 29 October 2021 with a capital balance of £870,000. The terms of this mortgage provide for an initial eight year interest-only period, and give the Trust significant flexibility in its financing arrangements.
On 25 October 2022, the first tranche (£23,500) of an £80,000 unsecured loan was repaid, leaving an outstanding balance of £56,500. The second tranche (of three) is due in 2027.
Further details regarding the mortgage financing and private loan are set out in note 5 to these financial statements.
Due to a gap in church staffing, one of the houses, 50 Brooklands Crescent, was not required by Fulwood PCC for approximately 12 months from December 2021. The Trust therefore let the house commercially through an agent for a period of approximately six months until July 2022, and a new rental contract with the PCC commenced in December 2022. 7 Whitfield Road and 1 Roscoe View were both rented to the PCC throughout the year and up to the date of this report.
## **FINANCIAL REVIEW**
The Trust’s Statement of Financial Activities is set out on page 4 and shows a net increase in funds of £5,490 in the year ended 31 March 2023 (2022: Increase of £7,718). Total funds at the end of the year were £378,129 (2022: £372,639).
## **Investments and reserves**
Under the Trust deed, the trustees have the power to invest funds that are not immediately required for the working purposes of the Trust as they think fit. For the immediate future it is envisaged that cash resources will be limited to those sufficient to be the working capital for day-to-day management of the Trust’s activities as defined above, however, over the next few years the trustees will be seeking to build up capital reserves with a view to funding the second and third bullet repayments due on the unsecured loan, as well as with a view to the long-term repayment of the Kingdom Bank mortgage.
2
THE BROOKHOUSE HILL TRUST
TRUSTEES. REPORT (continued)
In light ol thls. for the current thè trustses have conb.nwl with the reserves polw as the prior
yeaf, to ensure the Twsl is able lo meet all its commrtments and obligations as th8y fa51 due, This policy
sets a cash res•rves threshold of the greater of half the prior yeaffs total resources expended and £5,000,
rounded up lo the nearest Ihousond pounds.
Al 31 March 2023 this thfoshold was £21,000
12022.. £20.0001, and cash reserves exceeded this by £1.231 12022.. £22,938). Th¢s reduction in gxcess
was unsurprising and anbcipated. gNen the ban repayrmnt made in the year. Th8 tru$lees will continue
to monitor lev•ls ol cash and rwrves against thg TrLtsf$ fvturo plans and Commrttrnts, in¢ludlng glvlng
consideration lo whether the rnserves p)licy is appropnale.
FUTURE PLANS
Thè trustè8s intend thal th• Trust should continue with Si91 xtivibes in thg wrThng yèai and beyond.
TRUSTEES, RESPONSIBILITIES STATEMENT
Th& Iru$lees are re¥ponsible for preparing the Trustees, Report and the financial ststermnls in
accordance wrth applicable law ar regulations.
The Chanties Act 2011 requires tha slee8 to pr•par8 financial $tat?m&nts for each financial year. The
trustees have to prepare the financial statements in accordance with the Unit&J Kingdom Generally
Accepted AccoLtnting Practice (United Kingdom Accounts"ng Standards and appliCae WI. including FRS
102 The FinancBI Reporting Stsndard appluble in the UK and RepublK or Iland. Th8 truste85 must
not approve thè ffinancl slalements unles8 they ar8 sats'sfied that they give a true and fair view of the
stale of affairs of the charity and of the incoming resour9 and application of resources of the charity for
that period. In preparing these financial statements, the trustees are required to:
select $uitsble accounting policies and then appty them Mn$i$tentty.'
observe the methods and principles in the Charities SORP IFRS 1021.,
make judgements and accounb.ng estimates that are reasonats and pruden(
stste whether applicaNe UK Aountsng Standards ha been followed. subjacl to any material
¢Jeparture¥ discl¢)sed and •xplaingd in the financial slatements."
prepare the financial stslermnts on the going ¢oncem basis Un5$ rt is inappropr* to pre$ume that
the charity will continue in operation.
The Irustee$ are responsible for keoping adequate reco$ that are suffiuent to $how and explain the
charity's Iransactions and disclos• with reasonablo accuracy al any lime the financial posltion of the
charity and enable them to ensur8 that the financial statements ¢ompty with the Gharilies AGI 2011, the
Charity (A¢u18 an¢J Rep)rtsl Regulation$ 2008 and the provisions of the Tru$1 deed. They are
responsible for safeguarding the assets of the charity and hen for tsking reasonable Sleps lor the
prevendon and d•le¢tion ol fraud and other Irregulanlies.
This report was approved by the trustees on 11 Jonuary 2024 and signed on their téhalf by.
Paul Houghton
Tru$te¢
Tlmothy F•lrbroth•r
Trustee
**THE BROOKHOUSE HILL TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 March 2023**
|**Note**
**INCOME AND EXPENDITURE**
**Incoming resources**
1
Incoming resources from generated funds:
−Donations on which tax reclaimable
−Tax reclaimable on donations received net of tax
−Other donations received in cash
−Other donations received in kind
−Rental income on property provided in support of
charitable activities
−Bank interest received
Total incoming resources
**Resources expended**
1
Charitable activities expenses:
−Expenses relating to property provided in
support of charitable activities
Total charitable activities expenses
Other operating and administration expenses
−Legal and professional fees
−Governance costs
Total operating and administration expenses
Total resources expended
**NET INCOMING RESOURCES FOR THE YEAR AND**
**NET MOVEMENT IN FUNDS**
**Total funds brought forward at the start of the year**
**Total funds brought forward at the start of the year**
**Total funds carried forward at the end of the year**|**Year**
**ended**
**31 March**
**2023**
**£**
-
-
-
-
47,180
73
47,253
41,559
41,559
-
204
204
41,763
5,490
372,639
378,129|**Year**
**ended**
**31 March**
**2022**
**£**
-
-
8,000
-
40,625
-
48,625
23,313
23,313
17,264
330
17,594
40,907
7,718
364,921
372,639|
|---|---|---|
## **Total recognised gains and losses**
There were no recognised gains and losses, except as shown above.
## **Continuing operations**
All amounts shown above relate to continuing activities.
4
THE BROOKHOUSE HILL TRUST
BALANCE SHEET
31 March 2023
Not•
31 M•rch 2023
31 M*Kh 2022
FIXED ASSETS
Land and buil¢Jings- freehokl
Land and buildings- long leasehold
1,3 1,282,700
485,000
797,700
1,282.700
1,282,700
CURReNT A88ET8
C8sh at bank
22.231
42,938
22,231
42,938
CREDITORS: amounts falllng du•
wlthln on• y•ar
126,579}
NET CURRENT ASSETS
22,231
16,359
TOTAL ASSETS LESS CURRENT
LIA8ILITIE8
1.304,931
1.299,OS9
CREDITORS: amounts falllng dts•
*ft•r mor• th•n on• yoar
1926,8021
1926,4201
NET ASSETS
378, 129
372,639
FUNDS
General Fund lunre$trKted
378,129
372,639
These financial statements were apwoved by the trustees on 11 January 2024.
Slgned on behalf of the trustees
A,JL
Paul Houghton
Trustee
Tlmothy F*lrbroth•r
Trustee
**THE BROOKHOUSE HILL TRUST**
## **STATEMENT OF CASH FLOWS**
## **(including reconciliation of net movement in funds to net cash flow from operating activities) Year ended 31 March 2023**
|**Cash flows from operating activities**
Net movement in funds
(Decrease)/Increase in accruals
**Net cash inflow from operating activities**
**Cash flows from investing activities**
Purchase of property
**Net cash inflow/(outflow) from investing activities**
**Cash flows from financing activities**
Mortgage capital increased/(repayments made)
CAF Bank mortgage redemption
Kingdom Bank mortgage drawn down
Unsecured loan repayment
**Net cash (outflow)/inflow from financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
**Cash and cash equivalents at the beginning of the year**
**Total funds brought forward at the start of the year**
**Cash and cash equivalents at the end of the year**|**Year**
**ended**
**31 March**
**2023**
**£**
5,490
(3,079)
2,411
-
-
382
-
-
(23,500)
(23,118)
(20,707)
42,938
22,231|**Year**
**ended**
**31 March**
**2022**
**£**
7,718
3,079
10,797
(485,000)
(485,000)
(8,057)
(358,794)
870,000
-
503,149
28,946
13,992
42,938|
|---|---|---|
6
**THE BROOKHOUSE HILL TRUST**
## **REPORT AND FINANCIAL STATEMENTS 2023**
## **NOTES TO THE ACCOUNTS**
## **1. ACCOUNTING POLICIES**
## **Basis of preparation**
These 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 (FRS 102) (Effective 1 January 2015)_ ’ (the ‘SORP’), _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (‘FRS 102’) and the Charities Act 2011. They have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. Where appropriate, the headings laid down in the SORP have been adapted to meet the particular circumstances of the Trust.
The Trust meets the definition of a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised as historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **Going concern**
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, which they consider to be a period of 12 months from the date of signing of these financial statements. For this reason they continue to adopt the going concern basis in preparing the financial statements.
## **Fund accounting**
The General Fund is an unrestricted fund which is available for use at the discretion of the trustees in furtherance of the general objectives of the Trust, and which has not been designated for other purposes.
## **Incoming resources**
Income primarily represents the receipt of rent on residential properties provided for the use of Christian ministers in accordance with the Trust's activities, and gift income.
Income is recognised once the Trust has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Gift income is credited to incoming resources upon receipt. In accordance with the accruals basis of accounts preparation, tax recoverable on gifts is credited to incoming resources upon receipt of the gift, recoverable amounts being held within debtors until received from His Majesty’s Revenue & Customs.
## **Resources expended**
Expenditure on charitable activities primarily comprises the expenses relating to property provided in support of the Trust's charitable activities, including mortgage interest, repairs, maintenance and insurance. Other operating and administration expenses are those incurred in the running of the Trust, including legal and governance expenses.
Expenditure is recognised once the Trust has a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is included in the statement of financial activities on the accruals basis and includes irrecoverable VAT.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Trust. This is normally upon notification of the interest paid or payable by the bank.
7
**THE BROOKHOUSE HILL TRUST**
## **REPORT AND FINANCIAL STATEMENTS 2023**
## **NOTES TO THE ACCOUNTS**
## **Tangible fixed assets and depreciation**
The Trust holds residential property to be used in the support of its objects, in particular to provide housing for Christian ministers, and any rent paid for these properties is agreed on a case by case and not an arm's length basis. Consequently these properties fail the definition of investment properties, instead being held at historical cost less provision for depreciation within either the long leasehold or freehold categories of land and buildings within fixed assets.
Expenditure which enhances the usefulness of a property and increases the property value by at least the amount of the expenditure is capitalised within tangible fixed asset additions.
The Trust's policy is that depreciation would be provided at the following rates in order to write costs of tangible fixed assets down to their expected residual values over their expected useful lives:
Land and buildings - long leasehold
2% on cost, or evenly over the lease term if less than 50 years
However, in the view of the trustees and based on local market information, the residual value of each property in the current property portfolio is greater than its historical cost carrying value. Consequently, no depreciation is currently being charged on the residential property portfolio.
## **Cash at bank**
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Trust anticipates it will pay to settle the obligation.
## **2. EMPLOYEES**
The Trust had no employees during the current and prior financial years.
8
**THE BROOKHOUSE HILL TRUST**
## **REPORT AND FINANCIAL STATEMENTS 2023**
## **NOTES TO THE ACCOUNTS**
## **3. TANGIBLE FIXED ASSETS**
|**Land & buildings**
Freehold – Cost and net book value
Long leasehold – Cost and net book value
Total – Cost and net book value
|**31 March**
**2023**
**£**
1,282,700
-
1,282,700
|**31 March**
**2022**
**£**
485,000
797,700
1,282,700|
|---|---|---|
On 31 December 2013, the Trust received a gift of the residential property, 50 Brooklands Crescent Sheffield S10 4GG, subsequently valued by Mark Jenkinson & Son surveyors at a value of £260,000, which was used as the base cost. During the year ended 31 March 2018, £105,700 was spent on an extension to 50 Brooklands Crescent, significantly modernising and enhancing the property’s usefulness. The trustees are of the view that the open market value of the property exceeds its total carrying value (£365,700). This property was on a long lease due to run until 2724, although during the year the Trust entered into an agreement to acquire the freehold for a nominal sum, and therefore the property has been reclassified as freehold at the year end.
On 4 February 2015 the Trust purchased the residential property 7 Whitfield Road Sheffield S10 4GJ at an open market value of £432,000. The trustees are of the view that the open market value of the property exceeds its carrying value (£432,000). This property was on a long lease due to run until 2738, although during the year the Trust entered into an agreement to acquire the freehold for a nominal sum, and therefore the property has been reclassified as freehold at the year end.
On 29 October 2021 the Trust purchased the freehold of the residential property 1 Roscoe View Sheffield S6 5PR at an open market value of £485,000. The trustees are of the view that the open market value of the property exceeds its carrying value (£485,000).
## **4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Bank loans (see note 5)
Loans from private individuals (see note 5)
Accruals and deferred income|**31 March**
**2023**
**£**
-
-
-
-|**31 March**
**2022**
**£**
-
23,500
3,079
26,579|
|---|---|---|
Accruals at the prior year end included £1,479 of property related costs incurred in the prior year but paid during the year. Deferred income represents £1,600 rental income received in advance.
9
**THE BROOKHOUSE HILL TRUST**
## **REPORT AND FINANCIAL STATEMENTS 2023**
## **NOTES TO THE ACCOUNTS**
## **5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Loans from private individuals
Bank loans|**31 March**
**2023**
**£**
56,500
870,302
926,802|**31 March**
**2022**
**£**
56,500
869,920
926,420|
|---|---|---|
The Kingdom Bank mortgage is for a period of 30 years from 29 October 2021, but with an interestonly period of eight years to give the Trust maximum flexibility in its financing arrangements. Interest is charged at a managed rate, which at the date of this report is 5.8%. The capital outstanding at the year end was £870,302 (2021: £869,920).
The Trust signed an agreement with a third party private benefactor on 15 March 2017 to borrow £80,000 to assist in funding the capital works to be carried out on 50 Brooklands Crescent. The loan is unsecured and carries no interest. The loan was due to be repaid in three tranches: £23,500 on 11 September 2022, £26,500 on 11 September 2027 and £30,000 on 11 September 2032. On 25 October 2022, the first tranche (£23,500) was repaid, leaving an outstanding balance of £56,500.
## **6. RELATED PARTY TRANSACTIONS**
During the year the Trust received rental income for 7 Whitfield Road Sheffield S10 7GJ, 50 Brooklands Crescent Sheffield S10 4GG and 1 Roscoe View Sheffield S6 5PR from the Parochial Church Council of Christ Church Fulwood Sheffield (“Fulwood PCC”). Paul Houghton (a trustee during the year), was a member of Fulwood PCC during the year. All three properties were provided for the use of Christian ministers employed by Fulwood PCC and the monthly rental amounts were considered by both parties to be at a discount to market rent. The total rental amount received from Fulwood PCC in the year was £40,781 (2022: £35,089). In addition, during the prior year the Trust reimbursed Fulwood PCC for property repairs expenditure amounting to £2,271.
As noted above, the Trust has a 30-year mortgage with Kingdom Bank, who are specialists in mortgages to churches and related church trusts. During the year, Kingdom Bank Insurance Brokers also continued to be the Trust’s broker for its property insurance services. Paul Houghton, a trustee, is a director of Kingdom Bank Limited. The decision to use Kingdom Bank was taken by the independent trustees. The mortgage and insurance brokerage are being provided by Kingdom Bank on the Bank’s standard commercial terms.
The Trust received an unrestricted gift of £8,000 from the Torridon Trust during the prior year. Paul Houghton is a trustee of the Torridon Trust.
The Trust reimburses the trustees for any expenditure incurred on its behalf. However, no payments were made to trustees in the year.
10
THE BROOKHOUSE HILL TRUST
INDEPENDENT EXAMINER'S REPORT
for the year ended 31 March 2023
Ind8pend•nt Examinorfs R•port to th• tnwt•os of th• BrooktKtrUM HIM Tnwt Icharitab
IncOrpated ODJ•nlullon rtylstratlon numbw 11519991
rèport on the financial stslements of The Brookhouse Hill Trust (ihe 'Charity'l for Iho year ended
31 March 2023 IwTth comparative year wded 31 Marth 20221 set out on pwJe5 4 to 10 at*)ve.
This repfxt is made sow to Ihe Chwity's trustees. as a bcmfy, in with the regulations made
under seclion 154 of the Clwiilies Acl 2011. My *Yxk has been undertaken so that I might state to the
Charity'5 trustees those matters l am required to state to thom an inO&pond6nt examiner's rep(Kt and
for no other purt*)$0. To fvllest exlenl wmiiltod by kw. I do not accept or assume reswnsibilFty to
anyone other than the Charity aThJ tis trustee5. as a b. for my th. for this re[ or for the opinh)ns I
have fcymed.
R•spectlve vesponslblllll•s oltrustaes and examln
The Charity's trust8as are responsible tha preparan of financial statenwts. The Charity's
trustees consKler that an aLbJit is not requirgd for this year urKler 14412) of Charitie5 Act 2011
(the charit Act) and that iThJeFendent exanlnatm is n8d.
It ks my responsitrflrty to:
examine ts finala1 sLiteThEnts under 145 ofthe Chaiitss Act 2011:
follow the pr¢xedures laKI dtr*Jn n the Generdl given by the Chaiity Commiss
lurKler sectron 145(5)Ib} of the Charit*s Acl 2011.. and
Stalg whether ParCul matter5 havè come to my attentw)n.
B•sls of Ind•pendgnt Examlnrf$ sial•ment
My examination was camed in (xYdae with General Directions gNen by the Charty Commission.
An examinat indudes a nparIS of the finarla1 statWnts wilh the (x)untirJ records kept by the
Charity. 11 also indud8s consicknation of any unusual ilems or disdosures in the financral statements, and
seeking explan8tsons from ycyj as trustees rxwKemwwJ any such matters. The pr(K&YLwes undertaken do
not provide all the evKJen that Nbrjukl be required in an authl. and cmsequentty no ryjinion is given as to
whether the accounts 8 1rue and fa.rf VI and th8 repyl is h"milad to those matters sgt wl in
$18tgment b81tr4¥.
Independent Examln•¢s statonnI
In connectn with my examinalion. rm) matter has c¥)me to my attention
lil whth grves me reasonable cause lo belwe that in. any material resp8¢t. the TeqUirwTrts.'
lo keep Counting roc(Kts in accordance with seclion 130 of the Charilies Act 2011., and
to prepare financial 5tslennts which accortl wth tr ac(XAMting recxNds comF4y with the
accounting requirements of Charities kt 2011
have not been met: or
lil) to which, in my oplon. attentm shcMAd be dr•n in order to o proper undetstsnding of the
txjnts to [aac.
Eri¢
aul Gfjmn ACA
546 Fulwocxl Road
Sheffiekl
S10 3QD
11 January 2024
11