Trustees’ Annual Report for the period
From 1 August 2022 Period start date To 31 July 2023 Period end date
Charity name: Hastings Storytelling Festival
Charity registration number: 1168229
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | For the public benefit to promote the arts and advance education in the arts in East Sussex particularly but not exclusively by: • Celebrating and promoting the art of the spoken word; • Advancing and encouraging literacy through storytelling – especially for young people; • Hosting storytelling events in diverse venues and by engaging new audiences; and • Organising and delivering an annual storytelling festival. |
| 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 |
2022 Festival was the first with our new Patron Lauren Child who generously donated a cover design with her recognisable children’s character Clarice Bean. The programme was a mix of new commissions, local shows and touring shows. The festival programme ran across nine days with an additional schools’ outreach programme. Lauren invited author guests who included Cressida Cowell (How to Train your Dragon) and Emma Carroll (The Little Match Girl Strikes Back). Lemn Sissay had a large audience sharing hos experiences of growing up in care. Dr Catherine Kelly spoke about wellbeing and Blue Spaces. Bother responded to the general theme of ‘Escape into…’. Geophonic to the Hastings seafront as an outdoor activity by Gobbledgook Theatre to explore the geological processes using performance. An outdoor digital commission visited four estates where audiences are not used to accessing events with Zeroh’s ‘Curiosity’. An adult evening for ‘Women who gave no f***s’ was sell out. Childrens events were popular too; Garlic Theatre’s Oldilocks story and the popular Childrens Day welcomed schools’ involvement. |
| The schools work reached fourteen schools with artists in residence, storytellers in residence (Bali Rai – Mohabir’s War) and a Anusha Subramaniam visited local nurseries (reaching a new audience). |
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|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All trustees are aware of the guidance and have taken it into account when making a decision to which the guidance is relevant. |
| Additional information (optional) You may choose to include further statements where relevant about: |
||
| SORP reference | ||
| Policy on grant making | Para 1.38 | The festival continued to seek government support at both national and local level. This was bolstered through local initiatives such as the support from the Hastings’ Big Local and the Shared Prosperity Fund. |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | Three patrons supported the festival: Lauren Child, Inua Ellams, and Thomas Taylor. Sir Quentin Blake was retained as a founding Patron. The Trustees meet all year round in a voluntary capacity. Trustees and subgroups invest valuable additional time between meetings. A network of up to ten teachers also meet three times a year to plan how to best support the festival within local schools. Children’s Day recruited valuable support from ten additional local volunteers. |
| Other |
Achievements and Performance
SORP reference
| 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 | The charity delivered fourteen schools sessions, culminating in Children’s Day with free storytelling, activities, and children’s parade. Choogh Choogh reached nursery aged children for the first time. The schools programme reached approximately 600 children. Improving children’s literacy by reaching children in schools remains at the heart of the Charity’s aims. Zeroh’s moving digital installation toured four local housing association estates to reach children and families who otherwise would not attend the festival. |
|---|---|---|
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | HSF– Financial Review 01.08.2022- 31.07.2023 The total charitable income relating to the accounting period was£67,286and is made up of the following: Public Funding: £56,322 This year’s festival, and associated events within the year, received the following public grants: £49,892 from Arts Council England |
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|---|---|---|---|
| with the balance being made up of small grants from Hastings Borough Council (£1,250) plus a grant of £5,180 from the Foreshore Trust. These grants covered the artists’ costs (£30,810) plus key overheads including advertising & marketing and the festival development/production. Charitable Grants/Donations: £7,166 We received a grant of £2,100 from the Isabel Blackman Foundation towards general expenses and £1,300 from the St Leonards Festival towards the fee of Lemn Sissay. In addition, we received £2,500 from the Magdalen & Lasher Charity towards the schools performances of Choogh Choogh. We also received a Big Local grant of £1,066. The National Literacy Trust also gave a small grant of £200 towards the fees of Xanthe Gresham- Knight. Income generation: £3,580 This amount compromises of ticket sales from the various ticketed events. Donations: £218 Received in addition to tickets sales via Eventbrite as well as on Children’s Day book stall. |
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|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We do not have reserves as such. End of year balance is funds left over to be put towards the development & production of next year’s festival. |
| Amount of reserves held | Para 1.22 | We have a bank balance of £6,229 at year-end |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
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 | |
| 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 |
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| 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 | At AGM and/or by invitation |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Hastings Storytelling Festival |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1168229 |
| Charity’s principal address | 31 Station Road Bexhill-on-Sea East Sussex TN40 1RG |
|---|---|
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Lorna Crabbe | n/a | |||
| Sandra Garner | Chair | n/a | ||
| Emma Hughes | n/a | |||
| Kate Francis | n/a | |||
| Hilary Lissenden | n/a | |||
| Rounaq Uddin | n/a | |||
| Richard Street | From June 2023 | n/a | ||
– Corporate trustees names of the directors at the date the report was approved
Director name n/a
Name of trustees holding title to property belonging to the charity
Trustee name
Dates acted if not for whole year
n/a
Funds held as custodian trustees on behalf of others
Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
n/a
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s)[Kate Francis ] Position (eg Secretary, Secretary Chair, etc)
Date 18/03/2024
Th• Chfjrlty Reglstr•tlon Number Is :. 1168229 Hastings Storytelllng Festlval Report and Accounts 31 July 2023
Hastlngs 8torytelllng Fo$llval Report and a¢counts for the year ended 31 Juty 2023 Contents Pag• Ind•pgnd•nt Examln•es R•port to Trust•4• Fund5 31at•rn•nls:. Stal•rn•nt d Finandal Actlvrtl N•ts• tts th• •¢¢ounl•
Hastlngs Storytelllng F¢stival Independent Examinerfs R•port 31 July 2023 I repry¢ on th¢ oun15 ol the Charfty lor the year ended 3151 Juty 2023, Wthieh ¥re set out on pages 4 aThJ 5. R•sp•ctlv• r•sponslbllttl•• of TN81••• and Ex•mln•r Thè Tfusloes are reswlns1b for tho proparation ol lh¢ aceounis. You consider that an audil is not roquirvd for th1$ y88r ur)dor Bection 144121 ol tho Charitivj AGt 2011 (Lhe 2011 Acll and Ih81 an Indgpgnd8nl 8xaminati 18 needtsrj. bt i¥ rny rejponsibllliy lo= èX8mlne Ihe a¢counts undor $gctlon 145 01 th• 2011 Aet,. - lo fotl¢Th ihe pcocedures laid down in the gengfal DIr8Cts gfven by the Ch•rity Cornmlssion undor 88clknn 14515llbl ol thè 2011 Act,, Anij - lo siaie 44thothor poniculor mattor¥ hovg como lo my •li¢nli.' O••ls of Ind•p•nd•nt Examln•r• R•port My •xamlnatlon was carri•d oul In a¢cofdanco wllh th• general C4rectlons glven by Iho Ch8rtty Commlssion.An oxgrnlnatlon Include$ J feview ol the •ccounliThJ recfjrda kepl ond a ¢thnpari$on ol th• aceountg pr68entod wlh thoso records. 11 also Ineludtra eonsldtrratlon of Any unusual Items or disclosure6 In thg a¢counl8. on¢J $g•king explanalions Irom you as truslee5 concemlng any such rnattors. Th• Pfo¢odur$ un¢J¢rtskon do not provide all Ihe evid8nce th81 would be required in an 8j11 and ¢onsfjquenUy no opinion 1$ aln as lo whoth•r the aetOunlS pralenl a'tNe end fhlr vlaw •nd thè rep¢1 i• limited Ihoje mallern sol ¢ul Ihg 8talamont bok>w. Ind•p•nd•nt Examln•r• R•port In tt)nnectk>n wlh rny •x8minaticJn. matitsr hai ecfflè to rny &tlontion.' 111 g$ m& rea8ongbl* cou8& lo boli•vg thaL In ony material r08PocI. lh• roqulr•monts- - lo kDep uccounting rncoidi In aCCOTdJnco wlh 58cllun 130 (rf lh8 2011 Acl . lo prepJre 4(counl$ which atsrd wih Iho a¢counling reeords, comply with the aetounting roquifom8nl8 of thg 2Q11 A¢1 h•vo nol bean mèl., or (2) lo which, in opinknn, alntIon shojtd be drown in order lo enab 8 propef uTrJers18ndlng of the au13 to bo roached. Yvonno O'connor D1clOr. FCCA Fiamplon & Co Chortered Cfyrtifiod A¢¢ounl•nts 37 Stali¢Jn Road Bexhill East Sussèx TN40 IRG
H•stlngs Stor>rtèlllng F¢$tlval. Stst•m•nt of Flnanclal AvIll•S lor the gndgd 31 Juty 2023 Statement of Flnan¢lalArtlvlll?• lor Ihe yr gnd8d 31 Jvly 202J 80RP R•f currnnt yoir Curr•ni ytrar Currnrtt Unra8trfct•d Restrtcted Endpwment Fund¥ Fund8 Fund8 2023 202J 2023 Ctsrrnrtt syjar Prfor Yoar Yolal Fundi Tot•1 Fund? 2022 2023 lttcom• & Ertdtswm•nts irom: tK)nalK>ng & Leg$ue¥ Choritat4è Grnni A1 218 3.580 83,488 21• 3.580 500 4.231 49.972 Total Incom• 87.286 54.703 EXp•11tn on.. rrfj I¥18 B1 82 67,005 67,005 64,143 Total •xp•ndlturn 67,005 67,MS 64,143 N•t In¢•Ml•P•nItUr•l l•r th• y••r 201 (9,4401 Trnn•f•rn b•¢•n lund• N•t Incorn• •fi•rli¥n•f•r• 281 281 19,4401 N•t mov•m•nt In funds 241 19,4401 R•¢•n¢lll•tlon of fynd•:. 171 ,611 T•t•l lund# ufrknd lorward 452 The'SORP W In¢KIj Bbov• Is Ihe dassKKatw cllncom• sel oui kn th• I)91 SORP ¢Jocurr•nts. AB iwulred by p•r¥gr•ph 4.6001 lh• SORP, th• Wht Irmrd ond c4m•d loFw•id lund• Mvo b••n •)ra•d lo lh• ShMI. l •cli¥tiw Jytwe frtynccl owaik)n$ Th• not•8 •lt•ch•d on p•g•s 4 to 6 fomi •n Inhgrél part olthM• 4GcounlA.
Hastings sto•]11n9 F•$ilval. Balan¢0 Sh••t a$ at 31 July 2023 SORP Noios R•f 2023 2022 Flx•d aGs•ts T8r4itrAe a$6et$ Curr•nt aM•ts D8bl%YS Cash at bank and In hand 82 390 6.229 2,238 Tol•l current ass•ts 2.238 Cr•dltor•'. •mwnt• l•lling due viihin •n• y••r C1 11,786 6.448 Not current Ai•ta 452 171 Th• tot•1 n•t A•••t• ol th• ¢h4rlty 452 171 Th• ¢¢)l•l n•1 ••••l• 91 th• ¢hirlty •rn fund•d by th• fund¥ olthi charfty, •• follow•-. ft••lrlct•d fvndl Flxd Al1 FuThJ• D2 452 452 171 Unr••ttlcl•d Fund• Urygstricied Ravgr$ Funds D3 Tol•l ¢hvity fvnd¥ 432 171 Ih¥'SORP Ref indicatsd •DOVé is lh• eJ#i$ilie8iion of B4ne• SM•1 IrnI 81 881 QUI in th• form81 SORP documonl8. A8 reqvired by p4rawaph 4.80 of the SORP. tho brought forward and cathed fcwrd funds #bov0 hAVO b4n a9r•o0 lo Ihe SOFA. Tho Tnsleas a£no%¢98 Iheir re8pon8ibilitses for cornthig the FequlrernenlB ol c8rity 91$Llan 1h YvspKI lo cOUNtrnO rerdS and lh8 prepar&11 ol Jc¢ount6. H Ll¥¥•n(l•n Trut•• •prov•d by th• board oltrustms on 22 Jany•ry 24 Thg not•1 1ChI on p•¥•$ 4 to 6 forni •n Int•grnl part of th•a• iecounts.
Hastlngs Storytelllng Festlval Noi•s toth• ioi th• y•ar Mded 31 July2023 1 p•l1¢1•• Polw r•l•tlng tts thg ofth• coUntI. 8•¢1• of pr•p•raih)n 8r#l •¢eountth9 ¢oiw•niioft The rKcounl> have bEen wEp&r¢d •A th8 3ccruah boyis, widerlko hi¥torirDI r051 CQDvpnliorTr. In tNd•nco Finnci•l St•nO4rd 10Z,1olf¥ctwo 7$1 Jap4ry20l6Tr aTro'FFtS 102 SOIqP Isiaiernonl ol frmmenda0 P(•1{¥ %JrA(xthrtth9 and Aoponhig by ChartlO$l 2015 ias •mended byih• B71 Issuod kn FebNary 2010) wbh$he by itye Chorty cDMrnissil In & W•bs ICCEYII .ellethe J•twory2018. IT SORPI. ènd In at£Ord8r6 81 apphc&t I•w of wislrvan. Gelfi9 Cohcm Al Iho mI ofapprovlt)g th• accoLmt8, tr7rust•e6 h•vo r•&s¢rtw••xpkdatlon Ihai th• Chadryhas 5r¢ tg ccffjtsfoJ• In OlalI#9n¢• tho lThpwJ•b]e fb"tur•. Thu6 Tius10•$¢lknWA to kyl wrvJ concom Il•strl¢t•d •nd Unr•lrf¢l•d ihwp¥ins1oQ lunQs aru availab lo orathi1 th•1 olthrtiy. D•sIgnO Unr•¥11 Thd1 ol In• chaniy Irusteos hB¥• ¢ecl0d •t ityoir¢brrw 10 18%• 10 u69 W 0 5pwfi¢ PLWPtsStt. R1¢td Inds ère d¢nibon$whkh iho &onDr 10 be lelY used Jr¢¥¥ ol th• th•[Ili•s woik or •p•Dflc prdtttsb•kng •41¥ bylh• ¢h•hty, $1gnlfl¢•nt ludg•m•nts. k•y•A•urnptton• ind •¥llmat•• Th• propar8tion of Ihe cr}IS In conlorFnily ¥ilh ¢pner81ty alPI•d •ttOUttltilg Prtndpl•• f91¢5 mènagoméni trj m•k• e•irmoleJ DJJumption) Ittol affqd lh r•portwJ 4rnDwits 01 •16vl$ li•biltbo$8ryJ ol coTh:hgent •#t•i• litsbdlKs ai rho daio oftho Jccounts •od IM t•pon•d ol rev•ftLres gxwiios duiiyo Ihe f0porffj wlknd. A¢kni m4ydrt4r trom t•thn•te Tho key éslimiies and •WMnPlkn In &tsiemonL8 iyjt 1 th10¢ts>¥th9 p¢4.oM wi•• Indtsd th• ioértlon4 pd cy ThJlo$ thoao tI ¥u¢h 8$lord•pr•¢r8l Ih¢oM• Mtognttlort fvom •¥chaTrg9 ar ntsrn •thng• tron8. In Ihfr •laloffjenl of ISOFA} On• i•rySVBtlts bah¥, oth•r•vwl •n Incwi• In lh¢ ¢h•W assèts N • liitdllllel and oDly when ¢hoity hJ511g•1 •n11MInI, th• In¢Om• li wDbablo •rtJ e•n b• m•4ucod rollabty. 4¥bj•d 1¢ i•m)s ¢0tr11ion$ ¥Jh*h rnu•i h rn•l b•lry•th• ctsrfty li k+ I•(¢••18 not urrtl havtrb••n m•i linoJm• * actnt•d forgrom, b•lw• Wudlng •ny Ial•d f•• or
Hastings Storyto11ing Festlvil Not•5 ID th• Accounts forth• y•ar •nd•d 31 Juty 2023 Ac¢oun9 f•t d•l•ir•d In¢•m• •nd In¢om• f•¢•lv•d In Wboro tern6 •niS Trlik)n$ its ha¥• rhb•en mei or ?Xis1s Is itswb•thér ththiity can me anytefjr¥rrfcondrfipn¥ olheThise 1n 1tsconl. n¢l l0co9fjis fMJli8 defefft¢ a6 a 1iabiltyu1 prtknblB IN•1 IM ioims trf cMthLknns Imposed c•n mel. Any want tsial Is guty.ect lo perfn8n-relteo ¢ondrf•Jnll rncqrvpd in advanco of dtliveriw Stry8 ff•qUird by thai condiEM)n. Oi suty.ecl 10 unmftl condAillnA %hc4ly outsid• lh• conif ol the (PieI<erIty. Is accorad fr a$ 8 Icavilty and baTh¢O 81 a¥ d•l•Md Incomg. Dg10md knctsmo li r0bJaseowCOffl9 veponing pelnd wh.'ch Ihe ¢1 ¢V)orc¢ndikno Ehai hmil m81. When kncomo trom a omnl oréo•AIknD has nol be4r> r•wnisèd duè ID the Conn¥ appl4,.0 Ihft gift nDI betrg ithln th• cwtrol ol tho r•dpl•r41 chanty, h1$ dl¥¢los•d OB * contif9•nl •wi if ff•¢•WI tsf lh• 9rafflordtnaEkJn is prtbot4• onc• condlllorni wè mli. Wh•rn bme rdaiod Cthi¢Ji)DaIÈ Impoiod oi imtyod bya fvodef. Ihen incom? J8 lo l• bm8 pothod• Cor¥d. #nd. wh•rn applcabh). is acco0d for 89 a Ihibih"Ey nnd ¥hth¥n orn tho b8ithn¢6 8he•i aa th(èrfyd tncom•. Wln utaiiw &thfance ol tho oxpèndlut• on th• •¢rfityluthd ty thwrn. buiU•rn Aro rw) Ilme Fol•ied conth1, then the Incwe li del8rF•d. Any ¢¢rthYrtkn Ib•i •llow•tr lh• Io¥yby lh• donoroi •nyun+xpw¢•dP•rtolo omni oo•$ Dot ff•cogMion ol lh• Ir¥Jom• ¢¢M•0. bui o l•blityto •ryi•paymeDI i¥ ro0)grd wt•rb r•piym•fil b•cthn•s w¢thb1•. Pdl¢l•• f•lWng lo •xp•ndllur• 9dI Ind provbdod 1gtl eh•iity. R•oo9nkkn ollthNlltl•• ind •xp•hdltw• It. •ndwhon n,0 mrrfe Iik•ty than not th•1 atrinsfoi ot economK b•n•Irtffill b• mq¥li•o m11mIni, tn th• •mounl ol th• C14 b• fft•MUrta or rdiably •¥ImAl. LlabilW•s from fotsJr• fidity ccffjmlkn•nis ané ¢MStrudv• ot4IgtsiityM. Irthding p•rfum•rK• n181WAn1$, wh•rv the Ilmh19 ¢4 th• 8moufii of Iblurn Mp¢fbd,bJro required EQ th• ¥jaI1n iinc4rt•in. g¢Y• Ipw lo provision In Ib• atcourtis. whlch It i•vh•d 81 Iho icc¢unikng orbd. 7n• i• Irw••wd lo r•ft•¢t ny incr••MI In hab¥id•$. and ty derr¢•$ by ulilwlkn of Pi¢Xfli.nn wlhin lh• perN%l. nv•rA•d il Ypt0¥1¥.Qn IB rK) longat r•quim¢. Th••• rn+)v•m•ois •r• ¢h•rg•d ¢r¢¥•d11 io Ih•f••pKtw• I(11 to ¥which th• pro• r4*1•s.
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A30
Hastings Story Telling Festival
Company Number : 1168229
13 Tackleway, Hastings, East Sussex, TN34 3DE
Frampton & Co 37 Station Road Bexhill-on-Sea East Sussex TN40 1RG
YOUR REF : HAS02 OUR REF : DATE : 22 January 2024
Dear Sirs
MANAGEMENT LETTER
I confirm to the best of my knowledge and belief, and having made the appropriate enquiries of all officials of the company, the following representations given to you in connection with the preparation of the financial statements for the year ended 31 July 2023.
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1 I acknowledge as sole director my responsibilities under the Companies Act 2006 for preparing financial statements which give a true and fair view and for making accurate representations to you. All the accounting records have been made available to you for the purpose of the preparation of the financial statements and all the transactions undertaken by the company have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders' meetings, have been made available to you.
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2 The company is solvent and has no pending legal or contractual issues which will cause the company to become insolvent in the forseeable future.
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3 The directors accounts balance(s) will be repaid in line with company cash flows, no interest is charged thereon and the account has not been overdrawn at any stage during the year.
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4 The financial statements referred to above are fairly presented in conformity with generally accepted accounting principles.
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5 There have been no communications from regulatory agencies concerning noncompliance with or deficiencies in financial reporting practices.
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6 There are no material transactions that have not been properly recorded in the accounting records underlying the financial statements.
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7 There has been no—
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a. Fraud involving management or employees who have significant roles in internal control.
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b. Fraud involving others that could have a material effect on the financial statements.
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8 The company has no plans or intentions that may materially affect the carrying value or classification of assets and liabilities.
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9 The following have been properly recorded or disclosed in the financial statements: a. Related-party transactions, including sales, purchases, loans, transfers, leasing arrangements, and guarantees, and amounts receivable from or payable to related parties.
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b. Guarantees, whether written or oral, under which the company is contingently liable.
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10 There are no— a. Violations or possible violations of laws or regulations whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency.
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b. Unasserted claims or assessments that our lawyer has advised us are probable of assertion and must be disclosed in accordance with Financial Accounting Standards Board (FASB) Statement No. 5, ‘‘Accounting for Contingencies.’’
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c. Other liabilities or gain or loss contingencies that are required to be accrued or disclosed.
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11 The company has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset been pledged as collateral.
A30
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12 The company has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance.
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13 To the best of our knowledge and belief, no events have occurred subsequent to the balance-sheet date and through the date of this letter that would require adjustment to or disclosure in the aforementioned financial statements.
FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023
The financial statements, and associated corporation tax return, have been prepared in accordance with information provided to your firm by me and reflect a true and fair view of the company position for the year. I have approved these financial statements by signing them on the Directors Report and Balance Sheet and I have disclosed all pertinent information to your firm during their preparation.
MONEY LAUNDERING LEGISLATION
I confirm that I understand and am up to date with current money laundering regulations. I have disclosed all transactions, cash or otherwise, during the preparation of the company financial statements, and corresponding corporation tax return, for the year ended 31 July 2023.
I understand that I am obliged, under the money laundering regulations, to fully account for and record all financial transactions for which the company is responsible. I understand that for any transaction which involves in excess of £10,000, either received or paid out, I must verify and retain full proof of its origin and destination. I also understand that if I am unsure as to my obligations under the current legislation, I am obliged to contact either Frampton & Co or the Serious Organised Crime Agency (SOCA).
On behalf of the company.
Date: 22 January 2024