## **Trustees’ annual report (including Directors’ report) for the period** **From: Period start date 01 April 2022 to: Period end date 31 March 2023 Charity name: MUMBLES COMMUNITY ASSOCIATION** **Charity registration number: 164553** **Company number: CE005708** ## **Objectives and activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Our vision is to transform Underhill Park into a
focal point for the people of Mumbles and
surrounding area; attracting more people to the
Park, and facilitating greater community inter-
action.
.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|We will ensure that this green area of Mumbles
is safeguarded from other development in the
future by taking a long lease on the Park.
We will also:
•
improve the grounds of the Park; and
•
provide better social, learning and
recreational space with modern facilities
in a new Community Hub.
These improved facilities will be for the benefit of
all persons, without distinction of sexual
orientation, age, disability, nationality, and race,
or of political, religious or other opinions.| |Statement confirming
whether the Trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit.|Para 1.18|The Trustees have had regard to the guidance
issued by the Charity Commission in taking their
decisions.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Not in a position to award grants.| |Policy on social investment
including program related
investment|Para 1.38|| |---|---|---| |Contribution made by
volunteers|Para 1.38|All our Trustees are unpaid volunteers.| |Other||| ## **Achievements and performance** |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Our principal focus this year has been
managing a £2m capital project (TAD) to
deliver much needed sporting and community
facilities for the local community and sports
clubs; our new Community Hub. This project
will be completed in May 2023 and will be
followed by a project to build an all-weather
pitch.| |---|---|---| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|Our new Community Hub will be opening early
in the next financial year.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|We have raised over £2m in grants and
donations to enable the charity to design and
deliver the Community Hub.
We are also raising further grants to enable the
charity to construct an all-weather pitch during
the 2023/24 financial year.| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial review** |**Financial review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|This year has seen a significant increase in
income via grants for the capital projects. This
income has been restricted to the projects and
therefore, although the charity has operated
through one account most of the resources in it
have been restricted and used only for the
purpose defined by the grants.
This is an abnormal situation and not reflective
of the normal operating expenditure of the
charity. The financial information therefore
needs to be viewed in this context.
The financial position on
31stMarch 2023 consists of:
Non-current assets
•
investment in subsidiary £100
Current assets in the form of:
•
tangible assets £1,973,812.
•
cash at bank £391,918.
•
accrued income £84,563
•
Vat reclaimed £38,352.
•
other current assets £4,146
Total assets £2,492,891
Current liabilities:
•
retentions £55,312
•
due to subsidiary £100
•
other £25~~8~~
Total liabilities £55,670
Total Net Assets £2,437,221
The cash funds available at 31stMarch 2023
for normal charity business are £179,103 the
rest of the cash deposits are restricted and can
only be used for the grant aided projects.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|At this point in our charity’s development the
Trustees have decided that holding reserves is
unnecessary. The charity employs no
personnel and offers nopension scheme.| |Amount of reserves held|Para 1.22|NIL| |Reasons for holding zero
reserves|Para 1.22|No staff employed or pension scheme in place| |Details of fund materially in
deficit|Para 1.24|None in deficit.| |Explanation of any
uncertainties about the|Para 1.23|There are no uncertainties at this point that
would give rise to the charity not continuing as
a going concern.| charity continuing as a going concern |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Capital grants for the TAD project have come
from:
•
Mumbles Community Council - £1,218,806
~~•~~
The National Lottery - £418,904.
•
Welsh Rugby Union - £24,300
•
Cymru Football Fed - £41,218
In addition, a grant has been received towards
the cost of the all-weather pitch.
•
Sports Wales - £250,000
We have also received a number of smaller
donations to assist in the development of the
project and the day to day running of the
charity.
.| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, governance and management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document:
for example, trust deed,
memorandum and articles of
association etc|Para 1.25|Association Constitut**i**on| |How is the charity
constituted?|Para 1.25|Charitable Incorporated Organisation| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Subject to Article 12(3) of the Constitution, the
charity trustees may at any time decide to
appoint a new charity trustee, whether in place
of a charity trustee who has retired or been
removed in accordance with clause 15
(Retirement and removal of charity trustees),
or as an additional charity trustee.| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**| |---|---|---| |You may choose to include further statements where relevant about:||| |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|Underhill Management Company Ltd, a wholly
owned subsidiary company, which started
operating in February 2023 to manage the new
facilities being provided by the TAD project.| |Other||| ## **Reference and administrative details** |Charity name|**Mumbles Community Association**| |---|---| |Other name the charity uses|| |Registered charity number|**1164553**| |Charity’s principal address|**8, Riversdale Road, West Cross, Mumbles Swansea**| **Names of the charity Trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Simon Tse|Chairperson||| ||Clive Davies|||| ||Martin Rodwell|||| ||Christopher Parkin|||| ||Michael Podbielski|Secretary||| ||Gerwyn Jones||Resigned August 2022
due to ill health.|| ||Peter C Bray|Treasurer||| ||David Wilson|DeputyChair||| ||Alexandra Deeks|||| ||Fiona Catherine Rees|||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name None** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**| |---|---| |**None**|| ||| ||| ||| ||| ||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|There are no funds held on behalf of other charities| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|Not applicable| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|Not applicable| ## **Additional information (optional)** ## **Names and addresses of advisers (optional information)** |**Names and addresses of advisers (optional information)**|**Names and addresses of advisers (optional information)**|**Names and addresses of advisers (optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of**
**senior staff members (optional information)**||| |None||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details There are no key personnel employed by the charity. ## **Other optional information** ## ## **Mumbles Community Association** **Registered Charity Number 1164553 (England and Wales)** ## **Unaudited Annual Accounts** ## **Period of accounts** **Start date: 1st April 2022 End Date: 31st March 2023** **for the period 1st April 2022 to 31 March 2023** ## **Mumbles Community Association CHARITY INFORMATION** ## **Legal Status:** Mumbles Community Association is a charitable incorporated organisation registered in England & Wales on 25th November 2015. **Aims & activities:** Improving the facilities and activities provided within Underhill Park for the benefit of the inhabitants living in the Mumbles Community Council Wards of Swansea. These improved facilities will be for the benefit of all persons without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions . **Trustees:** Simon Tse (Chair) Clive Davies Martin Rodwell Christopher Parkin Michael Podbielski Peter C Bray (Treasurer) David M Wilson (Vice Chair) Alexandra Deeks Fiona Catherine Rees **Registered office address:** Underhill Park Newton Road Mumbles Swansea SA3 4SL **Charity Registration Number:** 1164553 Page 1 ## |umbles CommunitYAssociati
ALANCESHEET
31March2023|on||||| |---|---|---|---|---|---| ||||||3LMar2022| ||Unrestricted||Restricted|
Total|Total| |Note||FundsIncomeFunds
f
f,||Funds
f|Fundst| |Fixed Assets:|||||| |Tangible assets|||1,973,8121,973,812||277,621| |Noncurrentassets|||||| |Investments||100||100|| |Currentassets
VATreclaimdue|3|54|38,298|38,352|41,759| |Accruedincome|4||84,s63|84,563|27.621| |Cash atbank and inhand|5|t79,r03|2t2,8t6|391,91 8|124,065| |DuefromAssociateCompanies|6|3,040||3,040|| |Other|7|1,105||1,105|| |Total CurrentAssets||ls3302|335,677|518,979|t93,445| |Creditors:amountsfallingdue|||||| |withinoneyear|||||| |TradeCreditors||4|0|4|50,875| |Due toUnderhillManagement Co||100||100|| |Buildingcontract retention|8||55,312|55,312|6,181| |Accruals&deferred income|9|254|0|254|4| |Total CurrentLiabilities||358|ssSD|55,669|57,060| |Netcurrentassets||182,944280,365||463,309|136,386| |Totalnetassets|TAz@||||| |Fundsof thecharity|||||| |Unrestrictedfunds|l0|r83,044||183,044|r12,995| |RestrictedFunds|11||2,254,1772,254,177||301,012| |Total funds|::|t83,0442,254,1'772.437,221|||414| ## ## **Mumbles Community Association** ## **STATEMENT OF FINANCIAL ACTIVITIES Period 1st April 2022 to 31 March 2023** |**Unrestricted**
**Restricted**
**Funds Income Funds**
**Note**
**£**
**£**
**Incoming resources**
**12**
Donations & legacies
75,925
0
Charitable activities
300
1,695,977
76,225
1,695,977
**Resources expended**
**13**
Raising Donations
162
0
Charitable activities
1,284
363
Other
4,729
0
6,175
363
**Net Income/(Expenditure)**
70,049
1,695,615
**Charity Fund movements**
Funds brought forward
112,995
286,329
Surplus/(Deficit) for the year
70,049
1,695,615
Funds carried forward
183,044
1,981,944|**Total**
**Funds**
**£**
75,925
1,696,278
1,772,202
162
1,647
4,729
6,538
1,765,664
399,324
1,765,664
2,164,988|**31Mar2022**
**Total**
**Funds**
**£**
69,130
335,063| |---|---|---| |||404,192
325
40,538
6,048| |||46,912| |||357,281| |||42,043
357,281| |||399,324| Page 3 ## **Mumbles Community Association** ## **Statement of cash flows for the year ended 31 March, 2023** |**OPERATING ACTIVITIES:**
**Net Income**
Due from Underhill Management Company Ltd
Prepayments:Prepaid - Insurances
Accrued income
Re-chargeable Expenses
Trade Creditors & Accruals
Due to Underhill Management Company
Retentions 3%
Accruals
VAT refundable
**Net cash provided by operating activities**
**INVESTING ACTIVITIES:**
Construction WIP - Phase 1 (exc AWP)
Construction WIP - AWP
Underhill Management Company Shares
**Net cash used in investing activities**
**FINANCING ACTIVITIES:**
(Decrease) in Unrestricted Funds - MCA
(Decrease) in Restricted Funds - CCS
(Decrease) in Restricted Funds - MCC
(Decrease) in Restricted Funds - WRU
Increase in Restricted Funds - AWP
Restricted Funds:RIF-WRU2
Restricted Funds:RIF-SW
Retained Earnigs Unrestriced Funds - MCA
**Net cash provided by financing activities**
**INCREASE/(DECREASE) IN CASH &**
**CASH EQUIVALENTS**
**Cash & cash equivalents beginning of the year**
**CASH & CASH EQUIVALENTS END OF YEAR**
**Adjustments to reconcile Net Income to Net Cash**
**provided by operations:**|**2023**
**2022**
**£**
**£**
1,765,664
357,281
(3,040)
(159)
(56,942)
(27,621)
(946)
(50,871)
50,397
100
49,131
6,181
250
3,407
(41,759)
1,706,594
344,479
(1,654,393)
(277,621)
(41,798)
(100)
(1,696,291)
(277,621)
(32,800)
(21)
(51)
(363)
(43,199)
(9,187)
300
1,225
16,800
250,000
32,800
257,550
(42,046)
267,853
24,812
124,065
99,253
391,918
124,065| |---|---| Page 4 **Mumbles Community Association** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **31 March 2023** |**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
Note
**£**
**£**
**£**
**1**
**Tangible assets**
Construction WIP - New Changing Rooms
1,932,014
1,932,014
Construction WIP - All Weather Pitch
41,798
41,798
1,973,812
1,973,812
In furtherance of its objects, the Charity is constructing six new changing rooms, Community
Hub and Café, improvements to existing Pavilion, together with a new All Weather Pitch.
**2**
**Investments**
Underhill Management Company Ltd
100
100
100 Ordinary Share share @ £1 each
0
100
0
100
**3**
**VAT reclaim due**
Opening balance
115
41,644
41,759
Feb 2022 refunded
(108)
(18,389)
(18,497)
Mar 2022 refunded
(8)
(23,254)
(23,262)
Mar 2023 filed
54
38,298
38,352
Closing balance
54
38,298
38,352
In November 2021 the charity voluntary registered for Vat under the 'Opt to Tax the Land'
scheme available with HMRC.
**4**
**Accrued income**
Opening balance
27,621
27,621
Mumbles Community Council grant received
(21,194)
(21,194)
The National Lottery grant drawdown received
(6,427)
(6,427)
Mumbles Community Council#2 grant drawdown
84,563
84,563
Closing balance
0
84,563
84,563
**5**
**Cash at bank and in hand**
Opening balance
112,883
11,182
124,065
Funds received in the year
77,364
2,229,415
2,306,780
Funds (paid out) in the year
(11,145)
(2,027,781)
(2,038,926)
Closing balance
179,103
212,816
391,918
**6**
**Due From Associate Companies**
Underhill Management Company Ltd
3,040
3,040
Total
3,040
0
3,040
Amounts paid by the charity on behalf of it's subsidairy due to the delay incurred in opening
its subsidiary's bank account.
**7**
**Other**
Prepaid Insurances
159
159
Rechargeable Expenses
946
946
Total
1,105
0
1,105
**8**
**Building contractor retentions**
TAD Builders Ltd
55,312
55,312
Total
0
55,312
55,312
Page 5|**31Mar2022**
**Total**
**Funds**
**£**
277,621| |---|---| ||277,621| ||0
0
18,497
23,262| ||41,759
0
21,194
6,427| ||27,621
99,254
346,068
(321,257)| ||124,065| ||0| ||0
6,181| ||6,181| ||| ## **Mumbles Community Association** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **31 March 2023** |**Unrestricted**
**Funds**
Note
**£**
**9**
**Accruals & deferred income**
Accrued bank charges
4
Accrued accounting fees
250
Total
254
**10 Charity Funds - Unrestricted**
Opening balance
112,995
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
70,049
Retained earnings
Fund transfers (To Restricted)
Closing balance
183,044
**11 Charity Funds - Restricted**
**Mumbles Community Council (MCC)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Fund transfers (From Unrestricted)
Closing balance
0
**Welsh Rugby Football Union (WRU)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
**All Weather Pitch (AWP)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
**Welsh Government (WG)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
Page 6|**Restricted**
**Funds**
**£**
0
0
4,666
(363)
0
4,304
17,500
(16,687)
7,500
16,687
25,000
1,225
0
300
1,525
250,000
(250,000)
250,000
250,000|**Total**
**Funds**
**£**
4
250
254
112,995
0
0
70,049
0
0
183,044
4,666
(363)
0
0
0
0
4,304
17,500
(16,687)
7,500
16,687
0
25,000
1,225
0
300
0
0
1,525
250,000
0
0
(250,000)
250,000
250,000|**31Mar2022**
**Total**
**Funds**
**£**
4| |---|---|---|---| ||||4
32,821
79,718
478
(21)| ||||112,995
4,666
(79)
58
21| ||||4,666
17,500| ||||17,500
0
1,225
0
0| ||||1,225
0
250,000| ||||250,000| ||||| ## **Mumbles Community Association** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **31 March 2023** |**Unrestricted**
**Funds**
Note
**£**
**Mumbles Community Council (MCC#2)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
**The National Lottery (TNL)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
**Welsh Rugby Football Union (WRU#2)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
**Sports Wales (SW)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
**Cymru Football Foundation (CFF)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
**The National Lottery (TNL#2)**
Opening balance
(Income recognised in the year)
Deposits received in the year
Surplus/(Deficit) in the year
Retained earnings
Closing balance
0
Page 7|**Restricted**
**Funds**
**£**
21,194
1,218,806
1,240,000
6,427
370,251
376,678
0
0
16,800
16,800
0
0
250,000
250,000
0
41,218
41,218
0
48,653
48,653|**Total**
**Funds**
**£**
21,194
0
1,218,806
0
0
1,240,000
6,427
0
370,251
0
0
376,678
0
0
16,800
0
0
16,800
0
0
250,000
0
0
250,000
0
0
41,218
0
0
41,218
0
0
48,653
0
0
48,653|**31Mar2022**
**Total**
**Funds**
**£**
0
21,194| |---|---|---|---| ||||21,194
6,427| ||||6,427| ||||0| ||||0| ||||0| ||||0| ||||| ## **Mumbles Community Association** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **31 March 2023** |**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
Note
**£**
**£**
**£**
**11 Total Restricted Income Funds**
Opening balance
301,012
301,012
(Income recognised in the year)
(17,050)
(17,050)
Deposits received in the year
1,953,527
1,953,527
Surplus/(Deficit) in the year
(233,313)
(233,313)
Retained earnings
250,000
250,000
Fund transfers (From Unrestricted)
0
Closing balance
0
2,254,177
2,254,177
**12 Incoming resources (Income recognised)**
Donations & Legacies:
Donation Income
58,136
58,136
CAF Donate Income
140
140
Gift Aid income
17,614
17,614
CAF Gift Aid income
35
35
Total
75,925
0
75,925
Charitable Activities:
Performance related Grants
1,695,977
1,695,977
Other
300
300
Total
300
1,695,977
1,696,278
Unrestricted funds income is recognised on receipt.
Restricted grants received in advance, income is recognised in the month payments are made.
Monthly drawdown of awarded building grants are treated as income in the month.
**13 Resources expended**
Incurred raising funds:
Costs Incurred seeking donations
3
3
CAF Donate Fees
3
3
CAF Gift Aid Fees
1
1
Advertising & Media Expenses
155
155
Total
162
0
162
Charitable activities:
Architect Fees
363
363
Design Fees
0
Consultant Engineers
0
Surveys
675
675
Planning Fees
0
Plant Hire
0
Equipment Expensed
499
499
Stationery & Office
110
110
Total
1,284
363
1,647
Other:
Bank charges
60
60
Legal fees
313
313
Accounting fees
2,950
2,950
Accounting Software
436
436
Website Maintenance
43
43
English/Welsh Translation Services
139
139
Insurances
159
159
Membership subscriptions
91
91
Trustees Meetings
31
31
|**31Mar2022**
**Total**
**Funds**
**£**
22,166
0
28,846
249,921
58
21| |---|---| ||301,012
57,154
2,855
8,404
716| ||69,130
320,892
14,171| ||335,063
184
83
22
36| ||325
10,791
1,250
28,267
0
230
0
0
0| ||40,538
92
4,743
500
412
259
30| Page 8 ## **Mumbles Community Association** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **31 March 2023** |**March 2023**||||| |---|---|---|---|---| |Note
Licences
DBS Checks
Investment administration
Total|**Unrestricted**
**Funds**
**£**
449
58
4,729|**Restricted**
**Funds**
**£**
0|**Total**
**Funds**
**£**
449
58
0
4,729|**31Mar2022**
**Total**
**Funds**
**£**
12| |||||6,048| Investment administration expense incurred registering Underhill Management Company Ltd as a wholly owned subsidiary company by shares, to manage the Park facilities on behalf of the Charity. No expenses or salaries were paid to Trustees in the year. Page 9 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trnstees CtraDiy Name Mumbles Community Association On accounts for the year ended 31 March 2023 Charity no (rfany) Set out on pages I report to the trustees on my examination of the a￿oUnt& of the above i charity (Yhe TTusf) for the year ended 3110312023. Responsiblllties and basls of report As the t*tanty's trustees, you are responsibie for the preparation of the aGccJunts in accordanc* wnh the requirements of the Charities Act 2011 (°the A¢t°). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under sectton 145(5)(bl of the Act. Independent The chaiity's gross income exceeded £250,000 and l am qualified to examiners statement undertake the examination by being a qualified member af the Instttute of Chartered A￿1￿rrfants in England & Wales. I haye completed my examination. I confirm that no material matters have ome to rny attention in connection ￿ryth the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan￿ wlth section 130 of the Chartttes Act," or the accounts did not accord w5th the accountlng records", or the accounts did not comply with the applicable requirements conceming the form and content of acGourrts set out in the Charitiès (Accounts and Report5) Regulations 2008 other than any requirement that the accourrts give a Irue and faiv view which Isinot a matter considered as part of an independent examination. I have no concerns and have come acxoss no other matters In connection with the examination to which attention should be drawi in this report in order to enable a proper understanding of the accounts to be reathed. I Signed: Date: 1711112023 Name: rim Taylor IER Oct 2018 Relevant profosslonal qualificattonls) or body lif any): FCA Addre53: 9 Chapel street, muM￿es. Swansea, SA3 4NH Section B Disclosure Only complete if the examiner needs to highlight rnaterial rnatters of concem I (see CC32, Independent examination of chanty aGGounts.' directions and guidance for examinets). Givo here brfof deta118 of any Items that tha examlner wlshes to dlsclose. IER Oct 2018