Charitable Incorporated Oryanisation r¢gistered number: 1151999 THE BROOKHOUSE HILL TRUST Report and Flnancial Statements Year ended 31 March 2024
THE BROOKHOUSE HILL TRUST REPORT AND FINANCIAL STATEMENTS 2024 CONTENTS Page Trte05. rèport Staltsment of flnancl41 activitles 84lan¢è sht Staloment of cash flow8 Notgs to thg accounls Independent Examlnwrfs rèport
THE BROOKHOUSE HILL TRUST REPORT AND FINANCIAL STATEMENTS 2024 TRUSTEES, REPORT The Iruslees present their annual report and the financi81 statements for the year ended 31 March 2024, with the cornparalive year ended 31 MarGh 2023 The report and financial stalements comply with the requirements of the Trust's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charities prepaTing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. LEGAL AND ADMINISTRATIVE DETAILS Trustees Joana Capela Timothy Fairbrother Herman Ferreira Paul Houghlon Josef Korchinsky Ifrom 3 March 20241 lunlil 3 March 20241 Ifrom 3 March 20241 Reglstergd Offlcg Ch8nlrey House 67 Brookhouse Hill Fu00 Sheffield S10 3T8 8ank•r8 'ngdom 88nk Media House Padge Road Noth'ngham NG9 2RS CAF Bank 25 Kings Hill Avenue Kings Hill Wesl Malling, Kent ME194JQ Indgpendont Examlnor Ertc Paul Ge¥man ACA 546 Fulwood Road Sheffield S10 3QD STRUCTURE, GOVERNANCE AND MANAGEMENT TheTru$l was registered as a Charitable Incorporated Organi58tion IgistratIon number 11519991 with the Charity Commission on 13 May 2013. The Trust is required to have a minimum ol three trustees. Three Iruslees served for most of the year then, in March 2024, one Iruslee resigned and tsyo Iruslees were appcjinled as noted above. The trustees are non*xeculive. They meet as necessary to review all aspects of the Twst's activilles, ncluding its finances, and to make plarining de¢i$ions for ils ongoing work. M•nag8rnènt of risk The trustees regularly consider the major risk510 which the Trust 1$ exposed, and are Satisfied that system8 and processes are in place tr) mitigate the Trust's exposure lo ils major risks. The Trust's activities have been and will continLbe lo include the provision of property in the suppgrt of the Trust's objects. part fijnded by commercial debt The most significant risks lo the Trust will thef0 be the Trust being unable to meet its financial obligations in felalion lo debt interest payments and major unplanned Capital expenditure. These risks will be managed by the Trust only investing In propety tor which there is a $lrong resale maikel, appropiialely limiting any loan-lo-value ratios. and adequately insufing the Trust's propety. More broadly, the Iruslees, system of financial risk management involves maintaining the TrusY5 reseNes al a level appropriate for Ils lulure plans.
THE BROOKHOUSE HILL TRUST TRUSTEES, REPORT (continued) OBJECTIVES AND ACTIVITIES The Trust's obj8¢ts are.. to advance the Christs'an religion for the benefit of the public." and to advance Christian education and leaming for the benefit of the public. In fulfilmenl of the Trusfs objects and in close adherence lo evangelical Chrisb'an doctrine as sel out in the Trusvs Doctrinal Basi8. the trustees plan and deliver the Trusfs aclivilies. The activities of tP)e Trust, as defined al the Trust's formation and during the year ended 31 March 2024, wore lo raise funds from private individuals and charitable trusts and use the leverage of bank mortgages, for.. lil the purchase of capitsl assets to be used in the support of the objects - specifically. for example, making available housing to Christian ministers engaged in the pr¢xlamats'on of the Christian faith: and lill the financial support of Christian mini$lry through local ¢hurches and other chantable organi$ations. These activities may be attered from tsme to time by a resolulK)n agreed in wnting by all trustees, Of 8 resolution passed by 750/0 of Iruslees al a general meeting. The trustees are fully aware of the requirements for the Trust, as a registered Charitable Incorporated Org8nisalion, lo be ading in the public benefit. and the trustees are of th8 view that all the Trust's past, present and bjlure planned activrties are in the public benefit ag defined by the Charity Commission. ACHIEVEMENTS AND PERFORMANCE During the year ended 31 March 2024, the Tfust has continued lo pursue its objects primarily through the rentsl of residential properties to the Parochial Church CoLtncil of Christ Church Fulwood Sheffield I'Fulwood PCC, or 'lhe PCC'I lo provide acComMallOn for some of that church's ministers. The Tfust has owned three houses fteehold throughout the year.. 7 l181d Road Sheffield S10 4GJ, 50 Brooklands Crescent Sheffield S10 4GG 8nd 1 Roscoe View Sheffield S6 SPR. Those houses are all held for the long term, financed primarily by a bank rrK)rtgage fa¢ilsty, with the additional suppgrt of an unsecured loan from a private individual. 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 balan¢e of £870,000. The terms ot this mortgage provide for an Init81 eight year inlerest-onty periixl, and give the Trust significant flexibility in its financing arrangements. In October 2022, the first tranche 1£23,5001 of an £80,000 unsecured loan was repaid, leaving an outstanding balance of £56,500. The 5eGond tranche lof three) 15 due in 2027. Further details regardlng the mortgage financAng and private loan are set out in nots 5 to these financial Statements. 50 Brooklands Cresconl, 7 Whitfield Road and 1 Roscoe View werfr all rented lo the PCC throughout the year and up to the d8te of this report. FINANCIAL REVIEW The Trust's Stslemenl of Financial Activities is sel out on page 4 and shows a nel decrease in funds of £7,562 in the year en¢Jed 31 March 202412023. Increase of £5,490). Totsl funds al the end of tho year were £370,567. 12023 £378,129). Investments and reserve8 Under the Trust deed, the trustees have the power ID invest funds thai are not immediately required for the working PLsrposes of the Trust as they think fit. For the immediate future il is envisaged that cash resources will be limited lo those sufficient lo be the working capit81 lor day-t041ay management of the Trust's aclivibes as defined above, however, over the next few years the Iruslees will be seeking lo build up cgpilal reserves with a view lo funding the second and third bullet repayments due on the unsecured loan, as well as with view lo the long-term repayment of the Kingdom Bank mortgage. In light of this, for the current lime the trustees have continued with the same reserves policy as the prior year, to ensure the Trust is able lo meet all ils commitments and obligations as they fall due. This policy sets a cash serveS threshold of the greater of hall the prior yearfs total resources expended and £5,000, rounded up to the nearest thousand pounds. Al 31 March 2024 this threshold was £21,000 {2023.' £21,000), and ¢ash reserves fell short of this by £6.34912023." exceeded the threshold by £1,231).
THE BROOKHOUSE HILL TRUST TRUSTEES, REPORT (contlnued) This erosDn in exces8 was unsurprising and anticipated. grven bank intefest rates and signfficant propety expenditure in the year. The trustees are keeping this under close review. Specificalty, from January 2024 the property ren15 were resel again$1 markel benthmarks, and dunng 2024 Mortgage interest rates are expected to start lo reduts with anticipated re¢juCtnS in the Bank of England base rate. In addl1)n, the trustees are exploring possible opportunf(ies for the Trust lo raise gift income. Overall, the trustees will onbnue to rnonrtor kvels ol cash and reserves against the Trust's fijlure ptans and commitments. including giving consideration to whether the reseryes p)lry continues to be appropriate. FUTURE PLANS The Imstees intend th8t the Trust shwld rntinLbe with simikqr thities in the comirvj year and beyond. TRUSTEES, RESPONSIBILMES STATEMENT The trustees are resF4)nsible for tKeparing the Trustees, ReFQrt and the finan¢ial statements in accordance with applicable law and regUlatn$. The Charities Acl 2011 requires the trustees to prepare financial statements for eath financial year. The trustees have to prepare the finanryal stslements in accofdance with rhe Unrt&J Kingdom Generally Apted Accounting Practice (United Kingdom Accounb"ng Standards and applicable lawl, induding FRS 102 The Financial Reporting Standard applicable in the UK and Republic or Ireland. The Inistees must not approve the financial Stalennts unless they are sats"sfied that they give a tfue and fair view of the State of affairs ofthe charity and ofthe Incoming resources and application of resources ofthecharity forthat period. In pparIftg these financial statements, the trustees are required to. sele¢1 suitsble ac¢ounting Frf)licies and then appty them consistenty," observe the methods and printsps in the Charities SORP IFRS 102)." make judgements and accounting estsmales that are reasonab and prudent, stsle whether applble UK Accounting Standards have beon folk)wed, subject to any material departures dis¢losed and explained in tha financial ststements," prepare the financral 5tateffEnts on the gng concem basis unless it is inapprwale to presume that the charity will continue in operabon. The Iruslees are responsib for keeping adequate recL)rds that are sufficient to show and explain the charity's transacbons and discl¢)5e with reasonable accurxy at any lime the financial position of the charty and enable them lo ensure that the financial statements comply with the Charit*s Act 2011. the Charity (Accounts and Reports) Regulaknons 2008 and the provisions of the Trust deed. They are responsible for safeguarding the assets of the eharity and hence for tsking wsonable steps for the prevention and detection of fraud and Other irregukritss. This report was approved by the tDJstees M 16 May 2024 and syned on their behatf by, Paul Houghton Trustee Tlmothy Falrbrother Trustee
THE BROOKHOUSE HILL TRUST STATEMENT OF FINANCIAL ACTMTIES Year ended 31 March 2024 Year ended 31 March 2024 Year endod 31 March 2023 INCOME AND EXPENDITURE Incomlng ro#ourc Incoming resources from genefated funds.. Donations on which tax reclaimable Tax feclaimabk on donations recewed net of tax Other donatK)n8 received in cash Other donatnS received in kind Renlal nme on propety provided in support of charitable a'eS Bank interest ieceived $4,285 395 47,180 73 Total incoming Tesources 54,680 47,253 Resources expgnd•d Charrtab activities expenses. Expenses relating to property pfovKled in support of Charitab &livities 62,242 41,S59 Totsl charitable a¢tJvtiies expenses 62,242 41,559 Other operating and administration expenses Legal and professional fees Govemance costs 204 Total operating and administration eXnSeS 62.242 204 Total resources expeNJed 62,242 41,763 NET {OUTGOINGII INCOMING RESOURces FOR THE YEAR AND NET MOVEMENT IN FUNDS 17,5621 5,490 Total funds brought forward •t the start of the year 378.129 372,639 Total lunds carTiod for#ard al tho •nd of tho yo*r 370,567 378.129 Totsl recognlsed galns and lo• There were no recognise(I gain$ and h)sses, except as shtyvn above. Conllnulng oper•tlons AJI annts shown above rekle lo continuing athlties.
THE BROOKHOUSE HILL TRUST BALANCE SHEET 31 March 2024 31 Mar¢h 2024 31 March 2023 FIXED ASSETS Land and buildings- freeholj 1.3 1.282.700 1,282,700 1.282.7Crf) 1,282,700 CURRENT ASSETS Cash at bank Debtors 14.651 1,185 22,231 1 S.836 22,231 CREDITORS.. amounts lalllng du• within one year {810) NET CURRENT ASSETS 15,026 22,231 TOTAL ASSETS LESS CURRENT LIABILITIES 1,297,726 1,304,931 CREDITORS: amounts t•lllng duo after moro than on• year 1927.1591 1926,802} NET ASSETS 370,567 378,129 FUNDS General Fund lUn$tCted) 370.567 378,129 These financial statements were approved by the trustees on 16 May 2024. Signed on behalf of the trustees <.,L Paul Houghton Trustee Tlmothy F•irbrother Truslee
THE BROOKHOUSE HILL TRUST STATEMENT OF CASH FLOWS {in¢ludlng reconclllatlon of net rnov•mon¢ in fvnds to not ush flow from operntbng al¥ltIes} Year ended 31 March 2024 Y•ar ended 31 March 2024 Y••r gnd•d 31 March 2023 Cash flows fwm operating actlvltles Nel mveffent in funds {7.5621 5.490 De¢reaselllncrea5el in trale and other debtor5 (1,185) Increasel{Decreasel in accruals 810 {3,0791 Not C•8h104rtnowylnllow from operatlng cthTItI (7.9371 2,411 Ca•h flowd Irom Inv•Stlng •¢tl¥ttie• Purchase of property Not cash Inllowl{ouffiowl from inve•llng actlvttles Cash Ilows from flnanclng ac¢ivltl•• Mortgage capital increasedl{repayffnts made} 357 382 CAF Bank mortgage redernPtn Kingdom Bank mortgage drawn dtrwn Unsecured loan repayment 123,5001 N•t cash Inflowllouffiowl from flnanclng activitlo• 357 123,1181 Net Id•crna8èVlncreM• In cash •nd c••h equlvalonts 17,5801 120,707} Cash and cash •qulvol•nts at the beglnnlng of tho y•ar 22,231 42,938 Cash and cash •qulvalents at th• end of the year 14,651 22.231
THE BROOKHOUSE HILL TRUST REPORT AND FINANCIAL STATEMENTS 2024 NOTES TO THE ACCOUNTS ACCOUNTING POLICIES Ba81s of PrnP•Mtlon These financial statefrents have been prepared in accordance with 'Accounting and Reporting by Ch8ri118s.' Statement of Recommended PractKe applicable to charities preparing Iljeir accounts in ?ccord8nc8 wrfh the Finan¢i81 Rwrting Standard applicable in th8 UK and R&public oflmland (FRS 102) (EffeGts"ve 1 J8nuary 2015). {Ihe 'SORP'), The Finanual Reporting Standard appl8b1e in the iJK and Republic of Ir818nd I'FRS 102.1 and the Charilies Act 2011. They have been prepared under the historical cost convention wth rtems recojnised al cost or transaction value unless olhèmise stated in the reK8vant notes lo these accounts ere appropriate, the headings laid down in the SORP have been adapted lo meet the patt'cular circumstsnces of the Tnjst. The Tnssl meets the definits'on of a public benefit entty as defined by FRS 102. Assets and liabi1rt18S are initially reccgnised as historKal o)st or transath.on value ufi otherwise stated in the relevant accounting policy. Golng con¢•m The trustees have a reasonable 8XFedth"on that the tharity 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 finarKial statements. For Ihis rea50n they continue to adopt the going conrn basis in preparing the financial statemen13. Fund accounllng The General Fund is an UnreStrted fiJnd whh is available for use al the discretion of the trustees in furtherance of the general objectives of the Trus( and whteh has not been designated for other purposes. Incomlng r•wurce• Income primarity represents the receipt of rent on residential properties pn)¥ed for the use of chrisb.an ministers in aCCordare with the Trusfs activiks. ark1 gift inconE. Income is recognised ore tre Trust has entitlenwnt to the incorr, il is probab that the in¢ome will be feceNed, and the arrwjunt of inrne re¢eIvab can be measured reliabty. Gift income is credited to incoming resources upon receipt. In accordance wrth the accruals basis of accounts preparation. tax recoveral)le on gffts ts credrted to Incoming resouTW upon receipt of the grfi, recoverable amounts being held within debtors untsl TeceNed from His Majesty's Revenue & Customs. Resourcos gxpended Expenditure on charitable athrt pnmrity C¥)mprises the expenses relatiny lo property wovided in support of the Tnjsfs charitable activities. including mortgage interest. ropa1rs, mainlenancg and insufance. Other operating and administration expenses are those incurred In the running of the TrusL including legal and govemance expenses. Expenditure is recognised once the Trust has a legal or constructive obligation to transfer economic benefit to a third party. il is probable that a transfer of economi¢ benefitwill be required in selyemenl, and the amount of the oblvJatron can be measured reliabty. Expendrture is included in the ¥tatem8nt of financial activit5 on the axruals basis and includes irrecoverable VAT. Intere#t rncolvabl• Interest on fur5 held on deposrt bs included when receivab and the amount can be measured liably by the Trust This is nOmllY upon notrfKab"on of the inleresl paid or payabke by the bank.
THE BROOKHOUSE HILL TRUST REPORT AND FINANCIAL STATEMENTS 2024 NOTES TO THE ACCOUNTS Tanglble flX a•8ets and d•prg¢latlon The Trust holds residential freehold 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 8grEed on a case by case and not an arm's len9lh basis. Consequently these properties fail the definIt)n of investment properties, instead being held al historical eosl less provision for depreciation within land and buildings within fixed assets. Expenditure which enhances the usefulnes5 of 8 propety and increases the property value by at least the amount of the expenditure Is capitslised within tangible fixed asset additions. The Trust's poIY 15 that depreciation would be provided over 50 year$ in order lo write costs of freehold tangible fixed 8s8els down to their expethd residual values over their expected useful lives.. H¢)wever, in the view ol the trustees and based on local martel information, the residual value of each propety in the current propety portfolio 1$ grealef than its historical cost carrying value. Consequently, no depreciation is currently being charged on the residential propfyty porttoli¢. Ca•h at bank Cash at bank includes cash and Short term highly liquid inve$lmenls with a Short malunty of three nths or less from the dale of acquisf(ion or opening of the deposit or simllar account. Llabllltles and provl8lon8 Liabilities ale recognised when there is an obligation at the balance sheet date as a result of a past event, il is prob8ble that a transfer of enoMiC benefit will be qUired in settlement, and the amount of the settlement ¢an be eslimaled Teliably. Liabilities are reGognised al the amount that the Trust anticipates il will pay lo settle the obligation. EMPLOYEES The TrLbSt had no employees during the current and prior financial years.
THE BROOKHOUSE HILL TRUST REPORT AND FINANCIAL STATEMENTS 2024 NOTES TO THE ACCOUNTS TANGIBLE FIXED ASSETS Land & bulldlngs- fr99hold 31 March 31 M•fch 2024 2023 Total- Cost and net book value 1,282,700 1,282,700 On 31 Decembèr 2013, ltte Trust received a gift of the residèntial propety, 50 Brookland$ Crescent Sheffield S10 4GG, subsequently valued by Mark Jenkinson & Son surveyors al a value of £260,000, which was Ltsed as the base cost. During the yeaf ended 31 March 2018, £105,700 was spent on an extension to 50 Brooklands Crescent. significantly modemising and enhan¢ing the propety's usefulness. Th¢ trustees are of the view that the open market valLte of the property exceeds its total carrying value1£365,7001. On 4 February 2015 the Trust Purchased the residential property 7 Whbttield Road Sheffield S10 4GJ al an open market value of £432,000 The trustees are of the view that the open market value of the propety exdS its carrying value1£432,000). On 29 October 2021 the Trust PLtrchased the residential propety 1 Roscoe View Shèffield S6 SPR at an open market value of £485,cIOO. The trustees are of the view that the open market value of the property exceeds its carrying value1£485,0001. DEBTORS 31 March 2024 31 Mah 2023 Accrued income 1,185 Accrued income represents rentral p8ym8nl$ overdue on the properties, whth were received Shortly aftef the year end. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31 March 2024 31 March 2023 Bank loans (see note 61 Loans from private individuals (see notè 61 Accruals and deferred income 810 810 Accruals represents property related costs incurr6d prior to (but paid subsequent tol the year end.
THE BROOKHOUSE HILL TRUST REPORT AND FINANCIAL STATEMENTS 2024 NOTES TO THE ACCOUNTS CREDITORS: AhlOUNTS FALLING DIJE AFfER IAORE THAN ONE YEAR 31 March 2024 31 M•r¢h 2023 Loans from prNate individual$ Bank loans ,soo 870,659 56,5CKJ 870,302 927, 159 926,802 The Kingdom 8ank nrtgage is for a period of 30 years from 29 October 2021, but with an interest- only penod of eight years to give the Trusl maximum flexibilty In its financing arrangements. Interest 15 charged al a managed rate. whKh al the date of thss r8p)rt 1$ 5.8%. Th8 Ls1 outstanding * the year end was £870,659 {2023: £870,302). The Trust sned an agreement wrth a third paty private benefactor on 15 March 2017 lo borrow £80,000 to assist in funding the caprtal works to te carried out on 50 Brooklanos Crescent. The loan is unsecured and carries no interest. The loan was due lo be repaid in three tranch8s £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 Iranche1£23.5001 was repaHd. leaving an outstanding balance of £56,500. RELATED PARTY TRANSACMONS During the year the Trust received renlal income for 7 lthe1d Road Sheffield S10 7GJ, 50 Brooklands Crescent Sheffiekl S10 4GG and 1 Roscoe Sheffielé S6 SPR from the Parochial Church Council of Christ ChUh Fu[m)d Sheffield l-FulwTr)d PCC"). Paul Houghton la trustee during the yearl. was a memter of FU¥0C PCC during the year. Wl three prOpertS were provided for the use of Christsan ministers employed ty Fufvod PCC and the monthty rentsl amounts were nsidered by both parties to be al a discount to market renL The total rentsl amount received from FU0¢>j PCC In the year was £54.28512023 £40,781). As noted ave, the Trust has a 30-year mortgage with Kingdom Bank, who are spec181ists in rtgages lo churches and related churth trusts. Dunng Ihe yeaf, Kingdom Bank Insurance Brokers also continued lo be the Trusfs broker for its property insurance services. P8uI Houghton, a trustse, is a director of Kingdom Bank Limited. The decision to use Kingdom Bank was tsken by the independent trustees. The mrtgage aTrJ insuranee brokerage are being provhled by Kj'ngdom Bank on the Bank's slandard ¢ommerual teffl. The Trust reimburses the trustees for any expenditure incurred on its behaw. Howevw, no payments were made lo trustees in the year. 10
THE BRO01oUsE HILL TRUST INDEPENDENT EXAMINER'S REPORT for the year ended 31 March 2024 Indop•nd•nt EMmln•rfs R•port to th• trustaes of th• Brookhouv Trust Icharttab In¢ofPOrnt•d 1>ganisation r•ghtr¥lkni Thwnb•r 1151999) I repcyt on thè finanoal statements of Thè BrrJ)khoLtse Hill Trust Ithe'charity'l for the yeor ended 31 March 2024 Ivrith comparats've year ermjed 31 March 20231 set (rt cffl pages 4 to 10 above. This report i8 made solety tr) the Chwity's trustees. as a bcrtly. in aCCdanCe with the ragulations ma8 under 5gthon 154 of the Charit5 Acl 2011. 1ty work lias been undertsk8n so tNgt I mtqht stste to the Charity'$ trustees those matters l am rg9uKed to slate to them in an w)e0nt examinarfs rgFUt and for no othor purpose. To the fvll&st extent pemittwj by law. I do not ac(pt or assu resrK)nsibilty to anyone other than the Charity and Its trustees. as a b(y, for my Drk. ts this re[rt or frx the opinicffls I have forned. R¢$ptttfv¢ rnspoThslbllltles of trust••s arml examln•r Tke Charity's injslees are rSsIble forlhe wepaf3ti1 ofthe ffinancial statements. The Ch8rity'S tnjsteos consider that an 8udit is not required for this year under 144121 of the Charilies Ad 2011 {th8 Charities Act) and that an ilePefthn1 examination is needed. It is my re511fy to: examine the financ4al Statem urKler 5ecliM 145 ofihe Charilw Act 2011: fdlow the procedures in the General Oir•cl)rts gven by the Chanty Commission (urKler secuon 145(5Xb} of Ihe Charlls Act 2011: aTrJ stats whether particular mattern have come to my altentth. B••l$ of kndwnd•nt Exwnlnorf¥ 8lat•me My ex8min8tK)n was cArried out in a(¥an<% Mth General DtiOnS gNen by the Charity CommBsKJn. An examinalkjn IludeS a ccrfnpaiison of the finala1 $talements with the actounting records kept by the Charity. It also include5 cx)nsKlwation of any unusual items C dLsdosuTes in the financial statements, and seeking explanaIwy Irom you as trustees u)n(xning any suc mattÈrs. The procsdures undertaken do provide all the evidence that ¥U be Tequired in an audit. and consequentty no opinion is given as lo whethar th8 ac¥x)unts present a ln vivw and th8 rgFMyI 15 to matt8r$ sot wl in I ststement bolow. IrMlepend¢nt Examlnef st•l•m•nl In cffine¢tK)n with my exaffl1natic, no mallef has a>mè to my attention (il whh gNes me reasorth cause to bel thal in. any material rw, Ihe requirem8nts'. to keep accounting recThds in ac4Xdar8 wilh sli0n 130 of the charit AL 2011: and to prepare financial statements (ord with ac¢)JunUThJ rnconls aThJ compty wAh accounting requirements ofthe Chwi1 Ad 2011 have not beon mot: or li1} to whth. in my opwiim. 8ttentknn Stj b8 dra*m in oth to anab a UTrJer5tandg ofthe Erlc Paul Gwm•n ACA 546 FuV0j Road Sheffield S103QO IL May 2024 11