Favell Day Services
ANNUAL REPORT & ACCOUNTS FOR YEAR ENDING 31 MAY 2025
Annual Report and Accounts for the period ending 31 May 2025
| Contents | Page Number |
|---|---|
| Introduction Foreword Who we are and what we aim to do. Introducing our Trustees |
2 3 4 |
| Overview of the work of the charity Operational review and Summary financial position The year in pictures Member support |
6 7 11 |
| Governance Detail Trustee Annual Report on Finance and Governance Structure, Governance and Management Public Benefit Test Risk Management Reserves Policy Statement of Trustee responsibilities |
12 13 13 14 14 15 |
| Detailed Accounts | 16 |
| Notes to Accounts | 18 |
| Examiners Opinion | 25 |
Page 1
Annual Report and Accounts Introduction
Foreword by the Trustees of Favell Day Services
Welcome to our tenth formal Annual Report which I trust is both helpful and informative.
We would specifically like to thank both our employees and volunteers who have worked in such a committed way to continue the work of the Charity during the past year, so that it was able to continue providing day care support for our members.
The year has seen us continue offering three sessions per week. Through the year we have needed to adapt our programme and level of support in response to many of our members condition deteriorating.
Finally, I extend thanks to my fellow trustees for their active contribution to the management of the Charity during the year.
Chair
Page 2
Annual Report and Accounts Introduction
Who We Are and what we aim to do
Favell Day Services was registered as a Charitable Incorporated Organisation under registration number 1162011 on the 4th June 2015, having operated from January 2014 with oversight from Northamptonshire Health Charity whilst the formal charity registration process was undertaken.
The Charity objective is to provide or assist in the provision of facilities for recreation or other leisure time occupation for persons over the age of 18, who have need thereof by reason of a physical disability, with the object of improving their life experience and living conditions.
It's current area of operation is Northampton, but its longer term ambition remains to extend its service provision to other parts of Northamptonshire.
Members of the Charity are asked to pay for the service they receive while the charity seeks to augment this income with grants, donations, legacies and community fund raising activities.
The care service specifically seeks to provide an enjoyable care environment for its members while also providing a break for carers and family members.
We would like you to support us in our crucial work, so please read on, and let us tell you more about ourselves, what we do, what we have achieved and how we go about spending the money given to us.
In setting its objectives and making its plans for the year, the trustees gave consideration to the Charity Commission’s general guidance on public benefit and in particular to the public benefit of providing support for the relief of ill-health.
Page 3
Annual Report and Accounts Introduction
Introducing our Trustees
Jenny Brooks
Prior to retirement I worked as a school nurse and health visitor in the NHS. I have 3 adult children and 3 grandchildren. Previously I have been a trustee with Home Start Northampton, including being Chair for 7 years. Volunteering with FDS began as a co-opted trustee, in September 2024; also helping at lunchtimes on Wednesdays. On Mondays I volunteer as a helper at a local Boys Brigade group.
Nick Flynn
I joined FDS in July 2022 and have cerebral palsy and use a wheelchair. I have been undertaking voluntary and charity work for most of my life. I am currently involved with the “Rockin Roadrunner” charity which provides Disco Nights with live entertainment in a safe environment at a local Night club for disabled people They also provide a community music and performance festival in a local park once a year. I also volunteer at the local Mencap group and help run the community centre where I live in Abington Northampton.
My interests include computing and technology along with environmental challenges and recycling. I hope to bring my knowledge about disability and community work to support the work of the trustee body.
. Jean Howell
I am the mother of 3 grownup children. I worked as PA/Secretary before having my children. More recently I have studied with OU and gained a BA Hons in Humanities. I am a volunteer with FDS on Wednesdays and was nominated as a Trustee in this capacity. I have considerable voluntary work experience including at Cynthia Spencer Hospice and being County Secretary for Girl Guides.
Debra Ling
After retiring from work I wanted to fill my days and meet people. I became a volunteer in June 2024 and I love my time helping with the group who are all such wonderful people. I was delighted to be asked by the trustee body if I would become an additional trustee and contribute to the overall management of the charity.
Tina Rivett
I started as a volunteer in September 2021 when my granddaughter started school. I became a trustee in December 2021 following the Charity AGM having been nominated to represent the other volunteers and also the members.
Annual Report and Accounts Trustee details
Page 4
Nick Tack
I joined FDS in November 2022 having originally been diagnosed with ataxia 14 years ago. My illness affected my work which was in construction for 25 years. I felt offering to become a trustee would give me a sense of worth and mean I could contribute to the oversight of the charity and represent the other members.
I have 2 children and I enjoy cinema, listening to all types of music and quizzes.
Michaela Twigg
I joined FDS as a service user in 2018 and have enjoyed myself immensely. As a nominated service user representative, I seek to represent their views and as a relative newbie to the trust seek to offer a different perspective. I am an older person and wheelchair user, my hobbies include knitting, cooking and card making.
Giles West
I believe that services should be designed by those who use them. As Business Development Manager for NHFT, the founder members of the Charity asked me to provide support with the initial service planning and their journey to creating a member led organisation. I was privileged to subsequently be asked to continue as a trustee.
Jenny Wright
I worked as a teacher prior to my illness and particularly enjoyed working with dyslexic children towards the end. I was diagnosed over twenty years ago with Cerebellar Ataxia. This causes balance problems and my particular strain is genetic. I attended Favell House for a few years until the closure and have been a member of FDS since its formation. As a service user I am in a good position to observe problems and needs as they arise and seek to bring this understanding to trustee discussions.
Annual Report and Accounts Trustee details
Page 5
Operational review
During the year we have continued three-day provision and have been able to offer places to new members within the constraints of the available space at each venue.
One of the notable trends in new member referrals is that their physical health often requires significantly higher levels of care support from our staff. We do however believe that we have successfully continued to meet our objectives which was endorsed by the results of our annual member survey.
In April we relocated our Friday session back to the Phab centre in Headlands which offers facilities which are more inclusive than our previous venue.
The support received from our volunteers has also been essential both with our activity programme and providing increased levels of social interaction for our members. An additional thank you to those who undertook our fundraising sky dive.
Grant support received during the year significantly helped towards funding our running costs thanks to the services of our fundraising consultant.
The overall financial performance for the year is summarised below: -.
| 12 months to 31st May 2025 £000's |
12 months to 31st May 2024 £000's |
||
|---|---|---|---|
| Income Charitable activities Donations Fundraising Legacies Grants from charities |
88 2 4 0 10 |
77 1 1 0 23 |
|
| Total income | 104 | 102 | |
| Expenditure Care staff costs Venue hire Other direct costs Fundraising Charity Overheads |
60 13 15 5 10 |
62 15 9 3 9 |
|
| Total Expenditure | 103 | 98 | |
| Net incoming/ (outgoing) resources |
1 | 4 | |
Page 6
Annual Report and Accounts Overview
A review of the year in pictures
July 2024- Trip to the park for some fun and exercise
September 2024- Chocolate tasting day
August 2024- Day out to the Worlds End Restaurant for dinner.
October 2024- Halloween inspired Caramel apples and donuts
Annual Report and Accounts Overview
Page 7
November 2024- Remembrance lanterns
December 2024- marshmallow snowmen, mince pies, floral arrangements, and our annual Christmas party.
Page 8
Annual Report and Accounts Overview
January 2025- roulette wheel with chocolate prizes
February 2025- Celebrated valentines day , we made cards and heart decorations for loved ones
March 2025- Celebrated Pancake Day, St Patrick’s Day and had Simon the magician in to entertain.
April 2025- Celebrated moving venues, had a Party for Kate being at Favell for 10 years.
Page 9
Annual Report and Accounts Overview
Without the valued contribution of our volunteers we would be unable to provide the variety or range of activities so we sought to record our appreciation during volunteers week at the beginning of June 2025 with gifts of appreciation.
Page 10
Annual Report and Accounts Overview
Member support
A key to the effective financing of the service is the support individual members receive through the funding they receive in their individual care budgets. To this end the care team seek to give effective support to our members with regard to the ongoing conversations with the funding agencies to ensure the appropriate financial support is received.
Charity plans for 2025/26
The plans for the coming year are focused on both consolidating our current service provision following our return to using the Phab centre and looking at options to further increase our available capacity.
We continue to be open to receive new member referrals subject to capacity and level of care needs.
Page 11
Annual Report and Accounts Overview
Trustee Annual Report on Finance and Governance
Basis of preparation and legal framework
The Trustees of Favell Day Services present the Annual Report together with the Financial Statements for the year ended 31 May 2025.
The Charity’s annual report and accounts for the year ended 31 May 2025 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard FRS102.
Full Name of Charity: Favell Day Services Registration Charity Number: 1162011 The principal office is at: 2a Stanfield Road Duston Northampton NN5 6EZ
The advisors and administrators used by the Charity during 2024/25 were:
Bankers
National Westminster Bank plc Unit 164-166 Midsummer Arcade, Central Milton Keynes MK9 3BA
Independent Examiner
Joanna Halcrow ACMA 29, Jenner Crescent Kingsthorpe Northampton NN2 8NB
Mr Keith Brooks acted as the principal officer overseeing the day to day financial management and accounting for the Charity.
Day to day financial management was vested with Ms Sue Horner.
Page 12
Annual Report and Accounts Governance
Structure, Governance and Management
The Charity's unrestricted fund was established using the model declaration of trust and all funds held on trust as at the date of registration were all part of this unrestricted fund. Subsequent donations and gifts received by the Charity are attributable to the original fund or have been recorded against designated funds which identify planned usage.
Newly appointed Trustees are provided with information about the Charity, including the Charity constitution, Trustees' annual report and accounts, access to the Charity’s policies and procedures, and information about trusteeship and are provided with any specific training that their role may require.
Acting for the Trustees, the Operations group, is responsible for the day to day management of the Charity. The Committee is required to:
-
Monitor the current operational arrangements for sessions held to ensure service, safeguarding and safety standards are fully complied with.
-
Review all accident and incident reports and endorse remedial action as appropriate.
-
Consider proposals for service developments and changes in activities undertaken.
-
Ensure maintenance of member records to meet duty of care requirements.
Public Benefit Test
In accordance with the 2011 Charities Act the Trustees have ensured that due regard has been taken to ensure that all expenditure incurred has met the Public Benefit test taking due regard to the fact that it is a member organisation.
Fundraising activities
The charity utilised a consultant to support the submission of grant applications to both support both running costs and purchase of further equipment as required. The cost of fundraising for the grants obtained was 34% for in year results.
.
Page 13
Annual Report and Accounts Governance
Risk Management
The major risks to which the Charity is exposed have been identified and considered.
They have been reviewed and systems established, including a formal risk register, which has been subject to review and includes reference to mitigating actions.
The most significant risks relate to care of service users and detailed care plans are maintained to mitigate against this, along with specific risk assessments for all high risk activities.
Income and Expenditure is being monitored in total and is compared with the approved plan on a quarterly basis, to detect trends as part of the risk management process to avoid unforeseen calls on reserves.
Reserves Policy
The charity seeks to maintain a cash reserve equivalent to at least four months operating expenditure.
Having read all about us, please consider supporting the work of the Charity
If you would like to volunteer to be a helper, please contact Kate Yuill on 07519 846972
If you wish to make a donation, please talk to us. Our future plans will all require specific startup funding before we can progress our planned growth in service provision.
You can also keep in touch with us on Facebook.
If you would like to make a donation or support any of our activities, please email us at trustees@fdsnorthants.org.uk
Page 14
Annual Report and Accounts Governance
Statement of Trustee responsibilities in respect of the Trustee annual report and the financial statements
Under charity law, the Trustees are responsible for preparing the annual report and the financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the excess of expenditure over income for that period.
In preparing these financial statements, generally accepted accounting practice entails that the trustee:
• select suitable accounting policies and then apply them consistently;
• make judgments and estimates that are reasonable and prudent;
• state whether the recommendations of the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements;
• state whether the financial statements comply with the trust deed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The Trustees are required to act in accordance with the trust deed of the Charity, within the framework of trust law. The Trustee is responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustee to ensure that, where any statements of accounts are prepared by the Trustee under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. The Trustee has general responsibility for taking such steps as are reasonably open to the Trustee to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
Signed on behalf of the trustee:
Name: Keith Brooks
Treasurer
Page 15
Annual Report and Accounts Governance
Favell Day Services Statement of Financial Activities For the year ending 31 May 2025
----- Start of picture text -----
12 months 12 months
to to
31st May 2025 31st May 2024
General Designated
Total
Fund Fund
£ £ £ £
INCOME:
Charitable Activities 88,597 0 88,597 77,354
Donations 1,609 0 1,609 1,502
Legacies 0 0 0 0
Fund raising 4,047 0 4,047 471
Grants received 7,980 2,000 9,980 23,236
Total incoming resources 102,233 2,000 104,233 102,563
EXPENDITURE ON:
Fundraising 4,680 0 4,680 3,393
Charitable Activities
Care staff costs 60,309 0 60,309 62,118
Venue hire 13,093 0 13,093 14,580
Other direct costs 9,778 5,142 14,920 9,024
Charity Overheads 6,136 4,359 10,495 9,026
Total resources expended 93,996 9,501 103,497 98,141
Transfers between funds 0 0 0 0
Net movement in funds 8,237 (7,501) 736 4,422
Reconciliation of Funds
Total funds brought forward 11,956 15,878 27,834 23,412
Total funds carried forward 20,193 8,377 28,570 27,834
----- End of picture text -----
Page 16
Annual Report and Accounts Detailed Accounts
Favell Day Services Balance sheet As at 31 May 2025
Charity No 1162011
| 31-May-25 | 31-May-24 | ||
|---|---|---|---|
| £ | £ | ||
| Fixed assets: | |||
| Equipment | 2,829 | 944 | |
| Investments | 0 | 0 | |
| Total fixed assets | 2,829 | 944 | |
| Current assets: | |||
| Debtors | 8,893 | 12,045 | |
| Cash on Deposit | 0 | 0 | |
| Cash at bank and in hand | 16,848 | 18,045 | |
| Total current assets | 25,741 | 30,090 | |
| Liabilities | |||
| Creditors: Amounts falling due | 0 | 3,200 | |
| Net current assets | 25,741 | 26,890 | |
| Net assets of the charity | 28,570 | 27,834 | |
| Funds of the Charity | |||
| Unrestricted Funds | 20,193 | 11,956 | |
| Designated Funds | 8,377 | 15,878 | |
| Endowment Funds | 0 | 0 | |
| Total funds | 28,570 | 27,834 | |
Signed Keith Brooks
Charity Treasurer
Page 17
Annual Report and Accounts Detailed Accounts
Notes on the accounts
1. Accounting Policies
(a) Basis of preparation
The financial statements have been prepared under the historic cost convention, with the exception of investments which are included at market value. 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 (FRS 102) (effective 1 January 2015) and the Charities Act 2011.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts.
(b) Funds structure
The charity currently has no Restricted funds which are to be used in accordance with specific restrictions imposed by the donor.
Unrestricted funds include designated funds, where the donor has made known their nonbinding wishes or where the trustees, at their discretion, have created a fund for a specific purpose.
(c) Incoming resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
(d) Incoming resources from legacies
Legacies are accounted for as incoming resources either upon receipt or where the receipt of funds in relation to the legacy is probable; this will be once confirmation has been received from the representatives of the estate(s) that probate has been granted, and that the executors have established that there is sufficient assets in the estate to pay the legacy and once all conditions attached to the legacy have been fulfilled.
(e) Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met:
-
There is a present legal or constructive obligation resulting from a past event
-
It is more likely than not that a transfer of benefits (usually a cash payment) will be required in settlement
-
The amount of the obligation can be measured or estimated reliably.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Contractual arrangements are recognised as goods or services supplied.
Page 18
Annual Report and Accounts Notes to the Accounts
(f) Charitable activities
Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs comprise direct costs and the overhead and support costs as shown in note 5.
(g) Fixed asset and depreciation
Fixed assets are included at cost where that is greater than £500. Depreciation is provided so as to write off the cost of fixed assets on a straight-line basis over their expected useful economic lives, currently all items are considered to have a 3 year life.
(h) Financial Investments and realised gains and losses
Not applicable.
(i) Pensions
The charity currently utilises NEST as its pensions provider.
(j) Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
2. Related party transactions
The member trustees are either users or carers who benefit from the service provided by the charity. They receive no incremental benefit from the role of being a trustee.
The Co-opted Trustees have received no honoraria, emoluments or expenses in the year and the Trustee has not purchased trustee indemnity insurance.
3. Charitable income
Members are charged on a per session basis, the charging structure is structured reflecting level of support required and is designed to recover direct running costs with a small contribution towards the Charity’s general overheads.
Where a member is unable to attend due to illness then a minimum of half the usage charge is still required to be paid to cover non avoidable costs.
Page 19
Annual Report and Accounts Notes to the Accounts
4. Analysis of voluntary income and Grants
| Donations Collecting tins Fund raising activities Gift aid claims Total Details of 2024/25 grants received Local authority grants WNCC Household support fund Charitable organisations Coyle Foundation Northants community aid Designated The Sudborough trust R Comparative figures for 2023/24 Local company grants DFA law Charitable organisations Maud Elkington Trust Albert Hunt Trust The Sudborough Trust Beatrice Laing Trust Benham Charitable Trust Geoff & Fiona Squire Douglas Compton James Christopher Reeves CT Barchester Foundation |
2024/25 2023/24 £ £ 1,502 1,325 0 102 4,047 471 107 75 5,656 1,973 ££ 480 6000 1500 2000 For purchase of new equipment 9,980 £ 100 2,000 4,500 5,000 2,500 2,000 2,500 2,000 2,000 636 For member trips and activities 23,236 |
|
|---|---|---|
Page 20
Annual Report and Accounts Notes to the Accounts
5. Analysis of support costs and overheads
Total support and overhead costs of the charity excluding fundraising was £10,495 (£9,026 2023/24).
----- Start of picture text -----
12 months 12 months
to to
31st May 2025 31st May 2024
General Designated
Total
Fund Fund
£ £ £ £
Service development staff cost 0 4,359 4,359 5078
Telephone 138 0 138 138
Postage 45 0 45 12
Advertising 0 0 0 39
Legal & professional fees 4,573 0 4,573 2,469
DBS Checks 0 0 0 0
Insurance 1,380 0 1,380 1,290
Audit Fees 0 0 0 0
Total 6,136 4,359 10,495 9,026
----- End of picture text -----
The costs allocated to the General Fund have been treated as directly supporting service provision.
6. Transfers between funds
There were no specific transfers in year.
7. Analysis of staff costs
| Salaries and wages Employers pension costs Employers National Insurance Total cost |
2024/25 £ 64,118 549 0 64,667 |
2023/24 £ 66,613 584 0 |
|---|---|---|
| 67,197 |
The charity employed 6 (2023/24: 6) part time staff.
No employees had emoluments in excess of £60k.
8. Examiner’s remuneration
The examiner has undertaken the examination on a voluntary basis without remuneration.
Page 21
Annual Report and Accounts Notes to the Accounts
9. Fixed Assets
| xed Assets | ||||
|---|---|---|---|---|
| Land £ |
Buildings £ |
Fixtures, fittings and equipment £ |
Total £ |
|
| Balance brought forward (gross cost) |
0 | 0 | 15,314 | 15,314 |
| Additions | 4,243 | 4,243 | ||
| Revaluations (+/-) | ||||
| Disposals (-) | ||||
| Balance carried forward (gross cost) |
0 | 0 | 19,557 | 19,557 |
| Balance brought forward (accumulated depreciation) |
14,370 | 14,370 | ||
| Depreciation charge for year (-) |
2,358 | 2,358 | ||
| Revaluations (+/-) | ||||
| Disposals (-) | ||||
| Balance carried forward (accumulated depreciation) |
16,728 | 16,728 | ||
| Brought forward (net book value) |
0 | 0 |
0 | 0 |
| Carried forward (net book value) |
0 | 0 |
2,829 | 2,829 |
10 . Fixed asset investments
The charity currently has no specific investments.
Page 22
Annual Report and Accounts Notes to the Accounts
11. Analysis of current assets
Debtors under 1 year
| Service user charges Prepayments Other Debtors Analysis of cash at bank Bank balance held in NatWest current account Balance on Equals purchase card Cash |
As at 31 May-25 £ 8,421 472 0 8,893 As at 31 May-25 £ 16,486 188 174 16,848 |
As at 31 May-24 £ 11,534 436 0 |
|---|---|---|
| 11,970 | ||
| As at 31 May-24 £ 17,538 256 251 |
||
| 18,045 |
12. Analysis of current liabilities and long term creditors
| Trade Creditors Other Creditors |
As at 31 May-25 £ 0 0 0 |
As at 31 May-24 £ 1,200 2,000 |
|---|---|---|
| 3,200 |
There are no long term creditors.
Page 23
Annual Report and Accounts Notes to the Accounts
13 Analysis of movements on each fund.
----- Start of picture text -----
B/F 01/06/2024 Incoming Outgoing Transfers 31/05/2025
Resources Resources
£ £ £ £ £
Unrestricted Funds
General fund 11,956 102,233 93,996 0 20,193
Designated funds
Business development 15,436 0 7,059 0 8,377
- -
Equipment Fund 442 2,000 2,442 0 0
Total Funds 27,834 104,233 103,497 0 28,570
----- End of picture text -----
Previous year comparatives
----- Start of picture text -----
B/F 01/06/2023 Incoming Outgoing Transfers 31/05/2024
Resources Resources
£ £ £ £ £
Unrestricted Funds
General fund 746 99,427 88,217 0 11,956
Designated funds
Business development 20,515 2,500 7,579 0 15,436
Members events 287 636 923 0 0
- -
Staff benefits 209 0 209 0 0
Equipment Fund 1,656 0 1,214 0 442
Total Funds 23,413 102,563 98,142 0 27,834
----- End of picture text -----
Page 24
Annual Report and Accounts Notes to the Accounts
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FAVELL HOUSE DAY SERVICES
This report is on the accounts of the charity for the period ended 31st May 2025 which are set out on pages 16 - 24 of this report.
Respective responsibilities of the trustees and the examiner
The trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the 2011 Act;
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
-
State whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is 'limited to those matters set out in the statement below.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
-
1 which gives me reasonable cause to believe that, in any material respect the requirements:
-
That proper accounting records are kept in accordance with section 130 of the 2011 Act; and
-
accounts are prepared which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 1 October 2025
Name Joanna Halcrow
Page 25
Annual Report and Accounts Examiners opinion