## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **BETHNAL GREEN WEIGHTLIFTING CLUB** (CHARITABLE INCORPORATED ORGANISATION) **CHARITY REGISTRATION NUMBER 1163424** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ||**Page**| |---|---| |**Legal and Administrative Information**|3| |**Trustees' Report**|4 to 6| |**Independent Examiner's Report on the Accounts**|7| |**Statement of Financial Activities**|8| |**Balance Sheet**|9| |**Notes to the Accounts**|10 to 15| ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1163424 ## **WORKING NAMES** BGWLC **START OF FINANCIAL YEAR** 01 January 2022 **END OF FINANCIAL YEAR** 31 December 2022 **TRUSTEES AT 31 DECEMBER 2022** Mr A.D. Docker Mr M.R. Bass Mr M.J. Roach Mrs O.M. De Kaye Mr T. Adair Mr E.H. Parkes Mr M.S. Bass Mr N. Harvey The existing trustees appoint any new trustees following the provisions laid out in the CIO's governing instrument. **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Association Registered 4th September 2015 **REGISTRATION DATE** 4th September 2015 ## **OBJECTS** TO ADVANCE AMATEUR SPORT FOR THE PUBLIC BENEFIT IN PARTICULAR BUT NOT EXCLUSIVELY BY I. PROVIDING FACILITIES AND COACHING FOR STRENGTH SPORTS. - TO RELIEVE THOSE IN NEED BY REASON OF OLD AGE BY PROVIDING FACILITIES AND INSTRUCTION - II. IN MOVEMENT AND STRENGTH RETENTION. TO RELIEVE THOSE IN NEED BY REASON OF ILL HEALTH BY PROVIDING FACILITIES AND III. INSTRUCTION IN MOVEMENT AND STRENGTH REHABILITATION. - TO PROMOTE HEALTH BY PROVIDING PRACTICAL INSTRUCTION TO THE HEALTH COMMUNITY IN - IV. STRENGTH DEVELOPMENT PRACTICES. - TO PROMOTE THE PHYSICAL EDUCATION AND DEVELOPMENT OF YOUNG PEOPLE BY PROVIDING - V. FACILITIES AND INSTRUCTION IN STRENGTH TRAINING. **CORRESPONDENCE ADDRESS** 35 Redcliffe Ilford London IG1 3HG **PRIMARY BANKERS** HSBC Bank Plc 465 Bethnal E2 9QW **INDEPENDENT EXAMINER** Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Achievements and Performance** Throughout the year we were able to continue to deliver the services which we have established. The training facility was open all year round and we ran an average of 10 training sessions per week. We supported more than 200 individuals in regular training throughout the year and accommodated several hundred more in hosted competitions. ## **Main Activities** The majority of the CIO’s activities are concerned with providing training and maintaining the facility in which we provide the training. ## **Policy on Grant Making** The CIO does not make grants. Some travel expenses are reimbursed for coaches who accompany club members to competitions. ## **Policy on Social Investment** The CIO does not make social investments. ## **Contribution made by Volunteers** Numerous members of the CIO volunteer to help with our activities. We have several well-qualified volunteer coaches who act in a supporting capacity to our professional coaches. We have members who have qualified as referees in the primary strength sports and who supervise competitions to national standard. We also rely on volunteers for all management and administration functions. ## **Financial Review** ## **Position at End of Financial Year** The results for the year and financial position are set out in the Profit and Loss Account on page 8 and the Balance Sheet on page 9 of the accounts provided. Total incoming resources were £45,829 (2021: £22,624). Resources expended were £42,404 (2021: £31,733). The net surplus for this year was £3,424 (2021: Deficit of £9,109). Funds Carried Forward were £14,825 (2021: £11,401). ## **Reserves** ## **Brief Statement of the CIO's Policy on Reserves** The Trustees review the policy on reserves and set targets at least once per annum with reference to the guidance and terminology published by the Charity Commission. The policy is also reviewed, when warranted by changes in risk assessment or business plans. The review includes unrestricted funds, designated funds and tangible fixed assets. Transfers to and from funds are authorised by the Trustees acting as a whole. Such reserves as we hold are principally concerned with the CIO's ability to maintain properly equipped Gym premises in which to conduct our activities. A general reserve equal to at least 6 months of operating expenditure is appropriate to bridge short term effects and/or negotiate alternative sources of resourcing. The General Reserve is that part of unrestricted funds that are freely available to spend, i.e. excluding designated funds and tangible fixed assets. As the lease is till subject to negotiation, our current assumptions are based on the nominal commercial rent of the premises. We will adjust once a concrete lease is established. 4 ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Funding Sources** ## **Grants and Donations** We received no grants or donations this year. ## **Income from Charitable Trading** Members who choose to make use of the CIO’s training facilities pay daily or monthly training fees. This is our principal source of operating income. ## **Employees** The CIO has no employees - the majority of coaching is provided by suitably qualified independent subcontractors (as is conventional practice in the fitness industry). Some (suitably qualified) members provide additional coaching on a volunteer basis. All management and administration functions are provided by volunteer members. ## **Principal Risks** The CIO maintains a gym (229 Bethnal Green Road, London, E2 6AB) where our activities are principally conducted. As a result of a change in the way that Tower Hamlets Borough Council manages their property portfolio, the lease for the premises is under negotiation. While there is every reason to expect that the final agreement will reflect the non-commercial nature of the CIO, the worst-case scenario is that a full commercial lease will be required. This would pose a serious financial threat to the CIO’s ongoing viability. ## **Material Future Commitments** The Trustees have no material future commitments as at 31 December 2022 other than those shown in the ## **Going Concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resource to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. ## **Structure, Governance and Management** Bethnal Green Weightlifting Club is constituted as a CIO on the Association Model. The governing document is registered with the Charity Commission and is also available directly from the Club. The CIO was registered on 04 September 2015, to take forward the work of an existing unincorporated organisation. Assets, liabilities and funds were transferred. ## **Reference and Administrative Details** The CIO’s full name is “Bethnal Green Weightlifting Club” - which is also sometimes abbreviated to BGWLC. The Charity Number is: 1163424 ## **The Principal Contact Address of the Charity is:** Mr M.S. Bass 35 Redcliffe Gardens Ilford London IG1 3HG ## **Trustees** Mr A.D. Docker Mr M.R. Bass Mr M.J. Roach Mrs O.M. De Kaye Mr T. Adair Mr E.H. Parkes Mr M.S. Bass Mr N. Harvey 5 BEThNAL GREEN WEIGtrrrLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) TRusfEES' REPORT (contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2022 Responlibiities of TnMtee* The Charit￿ Act 2022 require5 the Board d Trustee5 to prepwe financkii statements for financial year which glve a true and frdir v*w ￿ the state ct affairs of rhe charity and incoming res￿rceS and resourcs expended the perlc*J. In p￿parIng thosè ffinanckil staternents. the Board of Trustees shwld folk)w best pr￿tICe and are rwuired to,. 5etht sul(able ￿C￿Jnt(n9 pc4tfjes ￿([ appty thern C￿sIStent make Judgments and estlm&es that are reas(￿￿￿￿1e and prudent compty w￿h app1[ab￿ Kcounting st￿d￿d5 subj* to any m&er(al departure5 dlsclosed and explaIn￿l in the financial statem￿t5 prepare the financial statements ￿ the 9wg bass Un￿$5 rt is Inappr￿}riate to presume that charfty C￿tInUe in cperat4C The 8oard of Trustees is responsible mantalning prcyw ￿c￿ntIng ￿1)rdS whth disclose with reasonable curacy at any time the financial pc6ticn c¢ the ch￿f(Y to them to ￿SUre that the financial statements c¢Thply w((h the CharIt￿S Act 2022. They are also reSp(￿s1b1e kn saftsjuarding the assets of the charity and h￿ce for taking reasonable steps tr the preventi￿ and cl fraud and rther Irregul¥fcle5 and to provtde rea$￿able assurance that-. the charfcy Is cper&ing effiCI￿tty e￿t￿￿Y l assets are safeguard&l agsnst unauthorsej use ￿ d6positic￿ and we propwW appli8J proper reccrds are maintah•J financia Inftrmatkn us8J the ch¥4ty or publicatk)n Is the char￿V c(Nnplies w￿h relevant wulatfjLmS The systems cl Snttrnal ccffttrol are dessgnej to pr(Mde but nct absc4ute assurance agalnst rn*wial misstatement cr k)$5. ApprcNed by the Trustees on... Ltr.1il S¥n&J on the(r behay by Trust￿...... Pr(nted Name.. ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** Report to the trustees/ members of Bethnal Green Weightlifting Club on the accounts for the year ended 31st December 2022. ## **Respective responsibilities of trustees and examiner** The charity's 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 of the Charities Act 2022 and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2022 Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with 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 the 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 connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination 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. Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 6th February 2025 7 ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** |**Notes**
**INCOMING RESOURCES**
Donations & Legacies
**3a**
Charitable Activities
**3b**
**TOTAL INCOMING RESOURCES**
**EXPENDITURE**
Costs of Charitable Activities
**4a**
Costs of Generating Funds
**4b**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**
**TRANSFERS BETWEEN FUNDS**
**NET MOVEMENT IN FUNDS**
**RESOURCES EXPENDED**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022**
**2021**
£
£
**£**
**£**
-
-
-
-
46,141
-
46,141
22,624| |---|---| ||**46,141**
**-**
**46,141**
**22,624**| ||41,566
-
41,566
31,733
1,151
-
1,151
-| ||**42,716**
**-**
**42,716**
**31,733**| ||| ||**3,424**
**-**
**3,424**
**(9,109)**
-
-
-
-| ||**3,424**
**-**
**3,424**
**(9,109)**| ||11,401
-
11,401
20,510
-
-
-| ||**14,825**
**-**
**14,825**
**11,401**| All of the Charity's operations are classed as continuing operations. The notes form part of these financial statements, found on pages:10 to 15 8 BETHNAL GREEN WEIGHTLIFTING CLUB (CHARrrABLE INCORPORATED ORGANISATION) BALANCE SHEET AS AT 31 DECEMBER 2022 Unrestrkttsj Rtstr￿ted Fund Fund Total Total 31-DtC-22 31IJe¢-21 Assets Tangib￿ A55ets Nctes Curr•nt A#*•ts Debtcrs & Prepayments G75h at bank and in hand 15.875 15.875 11,401 Total Currnnt AM•ts 15 75 Crndltorn: amounts fallin9 due wlthln one year NET CURRENT ASSETS 1,050 1.050 14A25 14,825 11.401 TOTAL ASSETS less current liabl1￿leS 14W5 14,825 IiAoi Crndltorj: aM￿ntS falling due in more cne year NET ASSETS FUNDS OF THE CHARITY General Funds Restrfcted funds 14.825 14,825 11,401 TOTAL FUP405 14 25 li The fin8￿claI statwnents were apprtNed, authtyLse41 sKJned Lm th•r beh* by.. Approved by the Trustees w ... . Skjned on thelr behaf by Trustee .... . Int Name.. É4L ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. ## **Basis of preparation:** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP - FRS 102) 2nd addition effective 1 January 2019 and with the Charities Act 2022. The CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the CIO's ability to continue as a going concern. ## **Recognition of Incoming Resources** These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **Incoming Resources with Related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. ## **Grants and Donations** Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## **Tax Reclaims on Donations and Gifts** Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## **Contractual Income and Performance Related Grants** This is only included in the SOFA once the related goods or services has been delivered. ## **Gifts in Kind** Gifts in kind are accounted for at a reasonable estimate of their value to the CIO or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the CIO. Gifts in kind for use by the CIO are included in the SOFA as income receivable. ## **Volunteer Help** The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees. ## **Donated Services and Facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the CIO is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the CIO of the service or facility received. ## **Investment Income** This is included in the accounts when receivable. ## **Investment Gains and Losses** This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. This page does not form part of the statutory financial statements 10 ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## **Liability Recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the CIO to pay out resources. ## **Governance Costs** Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## **Grants with Performance Conditions** Where the CIO gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## **Grants Payable without Performance Conditions** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the CIO. ## **Investments** Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## **Pensions** Pension contributions are charged to the Statement of Financial Activities as they become payable. **Fund Accounting** Funds held by the charity are either: ## **1. Unrestricted funds** These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees. ## **2. Restricted funds** These are funds that can only be used for particular restricted purposes within the objects of the CIO. ## **3. Designated funds** These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Fixed Assets** Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## **Depreciation Expense** Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Fixtures, fittings & Equipment 25% Reducing Balance Basis There has been no change to the accounting polices (Variation rules and methods of accounting) since last year. ## **2. TANGIBLE FIXED ASSETS** The CIO held no fixed assets investments during this or the previous financial period. This page does not form part of the statutory financial statements 11 ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **3. INCOMING RESOURCES** |Note
**b) Incoming from Charitable Activities**
**a) Donations & Legacies**
Grants received
Membership & Training Fees
Competition Fees
Competition Reimburse
Hosting Fees
Accountancy Fees refunds|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022**
**2021**
£
£
**£**
**£**
-
-
-
-| |---|---| ||**-**
**-**
**-**
**-**| ||40,302
-
40,302
21,614
-
-
-
350
-
-
-
660
5,779
-
5,779
-
59
-
59
-| ||**46,141**
**-**
**46,141**
**22,624**| This page does not form part of the statutory financial statements 12 ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **4. RESOURCES EXPENDED** |**4. RESOURCES EXPENDED**|| |---|---| |Note
**b) Cost of Generating Funds**
Merchandising Costs
**a) Charitable Activities**
Competition costs
Equipment Costs
Hosting Costs
Insurance Costs
Licenses & Subscriptions
Membership & Training Fees Refunds
Repairs & Maintenance
Sub Contactor Costs
Sundry Expenses
Telephone & Internet
**Governance costs:-**
Accountancy Fee|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022**
**2021**
£
£
**£**
**£**
2,259
-
2,259
520
4,071
-
4,071
363
2,157
-
2,157
-
840
-
840
760
10
-
10
45
253
-
253
-
492
-
492
566
30,100
-
30,100
28,850
165
-
165
300
26
-
26
247
1,193
-
1,193
82| ||**41,566**
**-**
**41,566**
**31,733**| ||1,151
-
1,151
-| ||**1,151**
**-**
**1,151**
**-**| This page does not form part of the statutory financial statements 13 ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **5. RESTRICTED FUNDS** The CIO held no Restricted Funds during this or the previous financial period. ## **6. INVESTMENTS** The CIO held no investment assets during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** |**7. CASH AT BANK AND IN HAND**|| |---|---| |Current Account-HSBC
Paypal|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
14,503
-
14,503
9,934
1,372
-
1,372
1,467| ||15,875
-
15,875
11,401| ## **8. DEBTORS AND PREPAYMENTS** The CIO held no Debtors during this or the previous financial period. ## **9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiner's Fee|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
1,050
-
1,050
-| |---|---| ||**1,050**
**-**
**1,050**
**-**| This page does not form part of the statutory financial statements 14 ## **BETHNAL GREEN WEIGHTLIFTING CLUB (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial period. ## **11. STAFF COSTS AND NUMBERS** The CIO employed no members of staff during this or the previous financial period. ## **12. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2021 - None) ## **13. RISK ASSESSMENT** The Trustees actively review the major risks which the CIO faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **14. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. ## **15. PUBLIC BENEFIT** The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. This page does not form part of the statutory financial statements 15