Earlsfiel Registered Charity No. 1167812 Report and Financial Statements Year ended 31 March 2025 F8 EARLSFIELD gJEihQiODBANK .J'I. COMMUNITY I IFUND REGULATOR
EARLSFIELD FOODBANK CONTENTS Page Information Trustees, report 4-10 Independent Examinerfs Report 11 Receipts and Payments Accounts 12 Statement of assets and liabilities 13 Notes to the financial statements 14-18
EARLSFIELD FOODBATr4K INFORMATION Trustees: Rev. Isaac Achene (Chair) resigned 31.3.25 Meg Fry resigned 28.2.25 Robin Gisby Sue Knowles resigned 30.5.25 Lousie Pendry Michael Walton resigned 31.3.25 Address 16 Herondale Avenue. London SW18 3JL Charlty number 1167812
EARLSFIELD FOODBANK TRUSTEES. ANNUAL REPORT Earlsfield Foodbank is a Charitable Incorporated Organisation (CIO). The trustees adopted the constitution on 17 March 2016 based on the 'CIO Foundation Constitution, PLJblished by the Charities Commission. Earlsfield Foodbank was established for charitable purposes for the public benefit and entered the Register of Charities on 23rfj June 2016 with the Registered Charity Number 1167812. Earlsfield Foodbank CIO is managed by a Board of Trustees selected for their range of skills and strong endorsement of the organisation's objectives The Earlsfield Foodbank was founded in October 2013 by the late Rev. Colin Roberts, the parish priest of St John the Divine, in Garratt Lane, as a project supported by Churches Together in Earlsfield. Apart from the first charity trustees (including Rev Isaac Achene), every trustee is appointed for a renewable term of three years. New trustees are appointed by existing trustees considering the skills needed to ensure effective management of the foodbank. On first appointment, new charity trustees are given a copy of the charity's constitution and the latest Trustees, Annual Report and Statement of Accounts. Trustees are also encouraged to familiarise themselves with the Charities Commission's publications outlining the responsibilities involved in becoming a charity trustee. The management of the charity is delegated to the Foodbank Manager and her Management Team. The Manager and members of the Management Team attend foodbank sessions implementing the guidelines laid down by the trustees in consultation with volunteers. Trustee and volunteer meetings are held regularly to consider management guidelines, progress since the last meeting and priorities for the next few months. Trustees review the risks associated with the operation of the Foodbank and how these can be mitigated on a regular basis. The Trustees have adopted a broad range of policies that are intended to manage and minimise risks. Trustees and volunteers attend training that seeks to enable them to deal with some of the problems faced by clients of the foodbank, in particular through signposting clients to services run by third parties. Towards the end of the year the Trustees had to implement a number of changes. Michael Walton had to reti as a Trustee and the Treasurer due to ill health and sadly passed away in June 2025. The Trustees would like to record his outstanding contribution to starting the Foodbank and working so hard over many years to make it what it is today. We all owe him an enormous debt of gratitude.
Isaac Walton stepped down as Chair at the end of the year having served for many years and having provided significant moral guidan to the Foodbank's principles. Although Meg Fry had to step down from her valuable role as a Trustee. we re very grateful for the continuing support she had her team provide via the Home Community Café. Sue Knowles kindly took over the Chair's role and handled the transition of both the Trustees and the manager very effectively and sensitively. However she also had to step down in June 2025. The Trustees are very grateful for her contribution. Four new Trustees were appointed in the current year (2025126).. Beverley Morgan, Lucy Keen, Denise Paul and Paul Henry who is also Treasurer. Robin Gisby took over as Chair. The charity's objects were refined towards the end of the year to ba the relief of food poverty in Earlsfield and the surrounding areas arKI in particular, but not exclusivel,y by providing food supplies to individuals in need andlor charities, or other organisations working to prevent or relieve povety The charity's mission statement e¢hoes the revised charitable objects: Our mission is to relieve food povety in SW18 and SW17. We provide a helping hand to those facing food poverty in Earlsfield, offering support without judgement. Our aim is to relieve poverty by providing food but also to help our guests to move on so that they ultimately no longer need food aid support. We believe that no-one should go hungry and that all people, whatever their circUmstans, deserve dignity. respect and privacy. The Trustees confirm that they have had due regard to the guidance on public benefit published by the Charities Commission in exercising their powers and duties. The Earlsfield Foodbank has identified strategic objectives to achieve its purpose: Inspired by Christian social principles. the ethos of the Foodbank focuses on welcoming everyone involved as persons deserving respect and generosity regardless of ethnicity, gender, sexuality, class, race, religion or nationality On first attending the foodbank.. To provide food, basic supplies and other essential support items as well as emotional and other practical support for people and families who find themselves in crisis. In the medium temi..
To direct individuals to where they can get help and support to address problems beyond food poverty through professional advi or referral to appropriate agencies engaged through the local network and those present at the foodbank. In the longer term: To help raise awareness of the nature. impact and prevalence of food poverty and its underlying causes. To build the Earlsfield Foodbank as a sustainable. well-run charity that will continue to meet local needs, in the hope that in due course the ServIS of foodbanks will become redundant as the campaign to eliminate food poverty succeeds. During the period of this report the Foodbank continued to operate at St Andrew's Church in Garratt Lane on Thursday mornings beeen 9.30am and 12.00 pm. During the period under review. guests were offered tea or coffee and pastries, supplemented by a hot light breakfast. The Trustees remain detenined to help guests to improve their lives and to address the various issues they fa such as debt, employment. physical, social and mental health problems. During the year Foodbank continued to fund the attendance of an adviser from WandswortFkCitizens Advi. This funding is provided partly through grant from the National Lottery Community Fund. The Family Action Wellbeing
Service (funded by Wandsworth Borough Council) is an early intervention mental health servi. providing emotional and practical support to guests and their families struggling with poverty. An adviser from St Mungo's attended the foodbank offering support and advice for those in crisis through lack of housing or addiction. The Foodbank is now also part of a local network of agencies {Refernet) providing a wide range of support. In addition to regular weekly support. the Foodbank has hosted ad hoc events to support and help guests. During the year under review major donations and grants received have included: National Lottery Community Fund 20,000 Wandsworth Borough Council 15,000 Legacy 68,088 Restricted Restricted Restncted The legacy was from the estate of Miss Phyllis Audrey Thompson. The foodbank is extremely grateful to Miss Thompson for recognizing the charity as a worthy beneficiary of her will. The Trustees would like to fund an activity in memory of Miss Thompson but have yet to detennine how the unrestricted donation should be utilized. The Trustees are very grateful for the support of all major donors. As explained above, the National Lottery Community Fund grant covered most of the cost of the Citizens Advi (CAB) presence at the foodbank sessions. Wandsworth Council's grant was used to fund salaries of two of the charity's employees. A new Foodbank Manager (Darius Delail-Baird) was appointed in February 2024, prior to the year covered by this Annual Retum. He was dismissed due to underperformance in July while on probation. In September 2025 the previous Treasurer, in completing the Annual Return for 23124, became aware of a significant discrepancy with the provision of Energy vouchers by the Foodbank to individuals. These vouchers can be exchanged for cash at a Post Office. It became apparent that at least £4.300 of vouchers, out of a total issued of £5,378, were issued to him. his family or friends where they could be exchanged for cash. The matter was reported immediately to the Charity Commission, the Metropolitan Poli and Action Fraud. A successful claim was made on our insurance policy less the £1k excess on it. Internal prosseS have been amended to prevent an occurrence of this very regrettable incident. We are awaiting further updates from Action Fraud who are pursuing the case.
The Trustees recognise the essential and generous contributions that need to be made by the Foodbank Manager, and the volunteers. Following the dismissal of the Foodbank Manager noted above, in July 2024 the Trustees appointed a new managementteam comprising three part-time managers to each focus on different aspects of management
needs. The aim was to divide their activities so that no aspect of the Foodbank management is neglected and thatthey work together to build the donations, control expenditure and improve systems. Sadly, the number of guests suffering from mental health problems, drug and alcohol addiction continued to increase. This together with abject poverty of many guests presented considerable challenges to staff and volunteers on Thursdays. The Trustees are very mindful of these challenges and are seeking to support managers and volunteers in every way. A security guard attends the foodbank every week. The Trustees continue to review how these challenges, going far beyond the provision of food, can be managed in future" whilst retaining some of the unique and positive results of welcoming all who are in need in our designated area of London. The Earlsfield Together network has sUCeded in maintsining significant and regular donations of money and provisions during the year. Volunteers include those representing the engagement of local churches, the Earlsfield Baptist Church, St Gregory's Catholic Church, St John the Divine. St Mary Magdalene Anglican Church, the host church St Andrew's, Christ Revelation Faith Ministries and the Ahmadiyya Muslim Community The Foodbank is very grateful for the support of local businesses, in particular Just Boilers, a company that has supported the foodbank with regular donations of food and money since 2016 and Well Kneaded Pizza. Local schools have al cyjntinued to donate food and money, in particular Earlsfield Primary School. St Cecilia's, Ernest Bevin and Wandsworth Prep. Significant donations have been reiVed from the work of the Bounce Theatre. Local organisations and individuals have also raised substantial sums through promoting events. The Foodbank's partnership with the Home Cafe, which operates in St Andrew's, continues to be invaluable. The cafe closes on Thursdays to allow the foodbank to operate and has generously provided food for those guests attending the foodbank including the coffee and a light breakfast that are currently offered to all guests. Above all, the Trustees recognize the very generous support of the Parish Council of St Andrew's that has welcomed and supported the foodbank by providing space for the foodbank to operate and store its stock in a Portacabin alongside the church. The monetary value of the immense contribution of volunteers is not flected in the accounts. Without the generosity of volunteers there would be no foodbank. Currently a bank of 60 volunteers is regularly engaged in registering and advising guests, sorting food and supplies, preparing food packages, planning food purchases, and in welcoming guests on Thursday mornings. A team of volunteers
also goes out on Wednesday evenings to collect surplus Produ from 14 local supermarkets. The Foodbank remains extremely grateful for donations of food from the Dons Action Group. Many supporters continue to donate food via supemiarket collection boxes, their churches and many other groups. During the year the foodbank has regrettably seen a considerabSe increase in the demand for its services and the ServIS of the other organisations that operate in tandem with the foodbank. The increase in the numbers of families and individuals in need has been driven by the continuing 'cost of living crisis, and the inadequacy of the social and financial support available to those in need. We are fortunate to have the support of those organisations mentioned above who attend on a weekly basis. Maintaining a relationship with Refernet gives access to a wide range of local support agencies depending on their individual needs. Volunteers continue to help guests with a number of problems such as dealing with their energy supplier, allowing those expert advisers from the organisations attending the foodbank to concentrate on more complex cases. As mentioned above, it is easy to underestimate the stress associated with interacting with distressed guests seeking help, often as a last resort. The Trustees are conscious of their responsibility to support Managers and Volunteers who have to cope with the mentsl stress engendered when empathising with guests who are often very distressed. The generosity of everyone engaged with the funding and operation of the foodbank in time and spirit is the basis of all its achievements during the year. The financial statements are attached together with a Letter of Representation to Independent Examiner and his Report. The Trustees have concluded that Earlsfield Foodbank should seek to build up unrestricted reserves that equate to a quarter of projected unrestricted expenditure for the following year. Reserves at 31 st March 2025 represent 63 % of payments for the year ended 31 March 2025 (2024 300A). Signed on behalf of the Trustees: Robin Gisby Trustee Date. 101(U. 10
Earlsfield Foodbank Independent Examiner's Report to the Trustees For the year ended 31 March 2025 I report on the accounts of the Earlsfield Foodbank ('the charity? for the year ended 31st March 2025. Respective responsiblllties of trustees and examiner The trustees are responsible for the preparation of the accounts. The trustees conslder that an audit is not required for this year under sertlon 144(2) of the Charities Art 2011 (the 2011 Act) and that an independent examinatlon is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Art; follow the prOdU$ laid down In the general dlrections given by the Charities Commission under section 145(5)b of the 2011 Art; and to state whether particular matters have come to rny attention. Basls of Independent examinerfs report My examination was carried out in accordance wlth the general directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with the accounting records. It also includes conslderation of any unusual items and disclosures in the accounts, and seeking explanations from you as trustees concernlng any such matters. The procedures undertakqn do not provlde 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 falr view, and the port is limlted to those matters set out Sn statement below. Independent examlner's ststement In connection with my examination no matter has come to my attention: which gives me reasonable cause to believe that In any material respect the requirements; to keep accountlng records In accordance wlth sectlon 130 of the 2011 Act; and to prepare accounts which accord wlth the accounting cOrdS, comply with the accountlng requirements of section 132 Of the 2011 Act and with the methi)ds and principles of the Statement of Recommended Accounting Practice: Accounting and Reportlng of Charltles have not been met; or 2. to which, In my opinion, attention should be drawn in order to enable proper understandlng of the accounts to be reached. Hugh Birchall Date
EARLSFIELD FOODBANK Income and expenditure accounts for the year ended 31 March 2025 Total Funds 2025 Tota I Funds 2024 Unrestricted Restricted funds Funds Notes Incom• Voluntary Income Grants and Donations Bank Interest Total receipts 155,892 2,390 158,282 8,577 164,469 2,390 166,859 135,352 1,037 136,389 8.577 Expendlture Charitable activities 121,242 8,505 129,747 142,163 Total resources expended 121,242 8,505 129,747 142,163 Net Movement in Funds and net recelpts for the year 37,040 72 37,112 (5,744) Fund balances at l Aprll 2024 38,939 13,334 52,273 58,047 Fund balanceg at 31 March 2025 75,979 13,406 89,385 52,273 12
EARLSFIELD FOODBANK statement of Assets and Liabilities as at 31 March 2025 2025 2024 Notes Current assets Cash at bank and short-tem deposlts 118,814 54,525 Current liabilltles Creditors Deferred grants (2,405) (27.024) (2,252) Total current Ilabilities (29,4291 (2,252) Total net assets 89,385 52,273 Represented by: Funds and reserves Restricted fund Unrestricted fund - General fund 13,406 75,979 89,385 13,334 38,939 52,273 The financial statements were approved and authorised for issue by the Board on 28 January 2026 and signed on i behalf by: Gisby (Trustee) 13
EARLSFIELD FOODBANK Notes to t ccoun l. Accounting policies a) Basls of preparatlon 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 to the UK and Republic of Ireland (FRS102) (Charities SORP FRS 102) the Financial Reporting Standard applicable to the UK and the Republic of Ireland (FRS 102), Assets and liabilities are initially recognlzed at historical cost or transactlon value unless otherwise stated in the relevant accounting policy or note. b) Public Benefit entlty The CIO meets the definition of a public benefit entlty under FRS 102 c) Golng Concern The Trustees consider that there are no material uncertainties about the CIO'S ability to continue as a going concern. The accounts have been prepared on a going concern basis. d) Income Income is recognized when the charity has entitlement to the funds and any performance conditlons attached to the Income have been met. It Is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or'revenue, grants, is recognized when the charity has entitlement to the funds, any performance conditions attached to the grant have been met, it Is probable that the Income wlll be recelved and the amount can be measured reliably and is not deferred. Donated food and other supplies are valued at a deemed 'fair value, when and where posslble. Such 'deemed value, has been based elther on the weight of food and supplies or the value place on them by the provider. Current policy is to place no monetary value on the generously donated tlme that volunteers spend working for the charity. e) Fund accounting Restricted funds are to be used for specific purposes as laid down by the donor. Expendlture which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received and generated for charitable purposes. f) Expenditure and liablllties Liabilities are recognized once there Is a legal or constructive obligation to make a payment to a third party, It is probable that settlement will be requlred and the amount of the obligation can be measured reliably. Expendlture on charitable activities includes the cost of food and goods, any distribution costs and other activities undertaken to further the purposes of the charity and their support costs. 14
EARLSFIELD FOODBANK Accounting policies (continued) g) Deferred Income Any income that Is made to cover expenditure over a defined period will be allocated pro rata to the year under review and to any future period of time. The amount allocated to the year under review is accounted for in receipts. Amounts allocated to subsequent years are shown as deferred grants. Voluntary Income Unrestricted Restricted Funds Funds Total 2025 Total 2024 Donatlons Legacy received National Lottery Wandsworth Borough Leveller Donations Breakfast Donations Insurance claim received Donations - welghed food and supplies 67,727 68,088 67,727 68,088 5,833 2,143 72 529 3,308 16,769 90,022 5,833 2, 143 72 529 10,000 12,000 636 644 3,308 16,769 22,050 155,892 8,577 164,469 135,352 Food donated during the year ended 31 March 2025 has been valued at £1.50 per kllo (2024 £1.50 per kilo). All food donated was assumed to have been distributed during the year. Monetary donations include gift aid when recelved. The Restricted Income relates to l. A grant of £20,000 was received in August 2024 from the National Lottery Communlty Fund to fund the cost of advisers from the Wandsworth Citizens Advice Bureaux attending foodbank sesslon to support guests from I September 2024 to 31 August 2026. Funding of £5,833 was utilised during the year. 2. A grant of £15,000 was received from Wandsworth Borough Council out of their 'Cost of Living Grant Fund, in December 2024. This grant is to be used to fund the cost of employing operations managers from l March 2025 to 30 September 2025. Funding of £2,143 was utilised during the year. 15
EARLSFIELD FOODBANK (continued) 3. Payments Unrestrirted Restrlrted Total 2025 2025 2025 Total 2024 Analysis of expenditure on Charitable actlvitles Charltable activities Dlrect costs Salaries costs Value of food distributed 27,386 63,034 2,143 29,529 22,054 63,034 75,715 Wandsworth Citizens, Advice Cost of Breakfasts for guests Energy Vouchers Security costs Waste Recycling Foodbank equipmenvbags Computers and printers Total dlrect costs 7,167 7,091 5,833 529 13,000 13,000 7,620 3,771 10,455 7,550 1,355 671 1,500 8,505 122,578 136,071 7,800 1,421 174 7,800 1,421 174 114,073 Indlrect costs St Andrew's for space and energy Payroll Service Phone Costs Stationery and prlnting Mentorlng costs Recruitment cost Insurance Bank costs Subscriptions Website costs Travel, cleaning and sundries 3,900 322 235 339 925 3,900 322 235 339 925 3,750 265 141 332 540 199 410 60 50 253 92 544 60 60 286 498 544 60 60 286 498 Total Indlrect costs 7,169 7,169 6,092 Total resources expended 121,242 8,505 129,747 142, 163 16
EARLSFIELD FOODBANK Notes to the accounts (continued) Analysis of expenditure on Charitable activities (continued) Food distributed during the year ended 31 March 2025 comprised the cost of food purchased directly by the foodbank amounting to £46,265 (2024 - £53,665) and the value placed on food donations in kind of £16,769 (2024 - £22,050), valued at £1.50 per kilo. Restricted expenditure related the cost of the Wandsworth Citizens Advice contract for the year funded by the National Lottery Community Fund and Wandsworth Council's Capacity Building and Cost of Living Grants. Addltlonal restricted expenditure relates to contributions to the cost of offering breakfast to guests funded by specific appeals. All other expenditure is funded by unrestricted Income. No Trustees received any remuneratlon In respect of their services as Trustees during the period (2024 - none). No travelling expenses were reimbursed to Trustees during the period During the year to 31 March 2024 energy vouchers with a value of £4,308 were mlsappropriated. This matter was reported to the Metropolltan Pollce, the Charity Commlsslon and Zurlch Insurance. During 2024-25, £3,308 was recovered under the Charity's insurance policy. 4. Analysis of the cost of key management 31 March 2025 31 March 2024 Salary National insurance costs Pension costs 29, 142 21,635 387 419 Full time equivalent No employee received remuneration above £60,000. The key management of the foodbank comprises the Foodbank Manager and the Trustees. One Foodbank manager resigned in June 2024 and was replaced by three part-time Foodbank managers who worked a total of 40 hours per week. Transactlons wlth Trustees None of the Trustees have been paid any remuneration or received any benefit from the charity. No Trustee expenses have been incurred In the year under review. There were no related party transactions during the year under review. 17
EARLSFIELD FOODBANK (continued) 6. Deflned Contribution pension scheme The charity operates a defined contributions pension scheme. The assets are held separately from those of the charity in an independently administered fund. The employer's pension costs represent contributions payable by the charity to the fund and amount to £419 (2024 - £173). Current Liabilltles 31 March 2025 31 March 2024 Credltors HMRC and Pension Wandsworth Citizens Advlce 85 2,320 2,405 86 2,166 2,252 Deferred grants Grant from Wandsworth Councll Grant from the National Lottery Fund 12,857 Funds At l Aprll 2024 At 31 March 2025 Receipts Payments Total Unrestrlcted funds Total Restrlcted funds 38,939 13,334 158,282 8,577 121,242 8,505 75,979 13,406 Total funds 52.273 166,859 129.747 89,385 Guarantees There have been no guarantees glven by the charity at 31 March 2025. 10. Debt There is no debt outstanding which is owed by the charity and which is secured by an excess charge on any of the assets of the charity at 31 March 2025. 11. Governlng Document The organisation is a Charitable Incorporated Organisation - registered on 23 June 2016 as a body corporate under part 11 of the Charities Act 2011. 18
EARLSFIELD FOODBANK 24 Frewin Road London SW18 3LP 25 January 2026 Hugh Birchall 2 Tilehurst Road London SW18 3ET Dear Hu8h Letter of Re resentstlon The following representations are made on the basis of enquires of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charityls financial ststements for the year end 31" March 2025. These inqulres have Included inspectFon of supporting documentation where approprlate and are sufficient to satisfy ourselves that we can make each of the followin8 representstions. All representations are made to the best of our knowledge and belief. Generdl l. We acknowledge that work perfomed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion. 2. We confirm that the charity was entitled to exemption under section 144 of the Charities Act 2011 from the requirement to have its financial statements audited for the year ended 31ft March 2025. 3. We have fulfilled our responsibilities as trustees under the Charities Act 2011 for preparing financlal statements in accordance with the applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice), being satisfied that they give a true and fair view and for making accurate representations to you. 4. All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. 5. All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all the appropriate persons within the charity, including minutes of all management and trustee meeting and correspondence with the Charity Commissioners. 6. We have been unable to provide to you invoices supporting payments during the year, following the transition from the former to the current TreaSUr. 7. The financial statements are free of any material misstatements, including omissions. Assets and liabilities
- The chartty has satisfactory title to all assets and there are no liens or encumbrances on the charity's assets, except for those that a disck)5ed in the notes to the financial statements.
- All actual liabilities have been recorded or dFSclosed as appropriate. There were no contingent liabilities or guarantees given to third partie5.
- We have no plans or intentions that may materialty alter the carrying value and where relevant the fair value measurements or classlfication of a55et5 and liabilitles reflected in the financial statements. Accounting estimats
- Signtficant assumptfons used by us in making the accountrng estimates, including those measured at fair value are reasonable Legal claims
- We have disclosed to you that there are no legal claims in connection with litigation that have been or are expected to be received. Therefore, no claims need to be reflected in the financial statements.
- Wé have disclosed to you that there are no instances of non-compliance or suspected non- compliance with laws and regulations whose effects should be considered when preparing the financial statements. Related parties
- Related party relationships aTrd transactions have been appropriately accounted for and disclosed in the financial ststements. We have disclosed to you all relevant Information conceming such relatlonshlps and transactions and are not awa of ary other matters which require disclosure in order to comply with legislative and accountin8 stsndard requirements. Subsequent
- All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. Going concern
- We believe that the charlS financial statements should be prepared on a going concern basis on the grounds that current and futures sources of funding or support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial 5tstements. We believe that no further disclosures relating to the chariVs ability to continue as a going concern need to be made in the financial statemen Grants, donatlons and other income
- All grants, donations and other income, the receipt of which is subject to specific terms or conditions have been notified to you. The have been no breaches of terms or conditions in the application of such income. Yours faithfully For and on behalf of the Trustees of the Earlsfield Foddbank Paul Henry Treasurer and Trustee