Charity Tryiltixfion n•mlw 1168522 CoN￿RY rtttsirntlol DumlJ¢r CFJ107184 (E•gl•nd WAles1 THE WOKINGHAM FOODBAI¥K CIO ANNUAL REPORT AND UNAUDITED FINAIYCIAL STATEMENTS FOR THE YEAR EIYDED 31 AUGUST 2023 THE WOKINGHAM FOODBANK CIO LEGAL AND ADMINISTRATIVE INFORMATION MrSJ& J B tA)ru¥)n M&SLHobE D l$mail A Reancy Ch*rlty mumber 1168522 C•wp•ny mxrnber CE(K17184 Rryknter￿ ollk¢ Unit 2 Fredtyi¢k House 498 Re•Jin8 Rot WimKTsh Wokit)8 B¢rksbire RG415EX Ind•p•ttd•nt •umlur R￿he] Bw8¢55 Bm￿ FCA Figt7 Woknj￿￿ Berkshir¢ RCAO 2NN THE WOKINGHAM FOODBANK CIO coNrENrs P* Stawnentof ruw￿18] aaivitses Balthce she Now to the flnonclal 7-13 THE WOKINGHAM FOODBANK CIO TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YL4R ENDED 31AUGUST2023 Thc mtets prcsrnt thEir annu￿ T¢FXrta￿ financi￿ skntcmcnts for th¢ yrthr<¥NknI 31 ALWL 2023. The financial 5tat¢m¢nts have IKcn prep8red in pu0rdar￿e w'ith the accoutrting p)li¢i&% s¢1 out in rntc I to the financi£l Jtat¢m¢nts ond comply with the charity's tgovcming d￿v￿e￿It]. the COMI￿1￿ Act 2(KJ6 arhj 'Aeeountin8 ond Rewrting by Charities: Statement of Recommended PraL#ice app]l￿ble ￿ &*wities prerAring their accounts in a¢¢ord8n¢¢ with the Trinancial Reporting Stsndard appli¢abl¢ in the UK and Republicof ITeland IFRS 1021" leffectivc l Janu&y 2019}. ObJ¢dlvu And a¢¢lvltl¢s Publi¢ Be￿fil The objed of Wokingkn FrA￿Ank is the relicf of fin￿1#1 h•rd>hip amon8St Pr￿1¢ in Wokin8hwn and the 3urrounding ar in particular. but r¥)t cxclusiv¢lyp Providing cmcrgcncy eas¢*ila] ￿lIetri￿ and I￿U￿¢t￿)Id it(¥rts ￿ Iw¢h)lth in atldlor for dI#¢A￿tIon by other ch8ritieJ or orsaniaations workin8 io preve￿1 or rclicvc wvuty. 2. Th¢ provision of SUPF•rt or Sl￿F¥￿Ing10 rt1¢￿ Infonnati￿ and othcr4MIviw sw41c￿. Publlc benefii Th¢ tnL8trU have pid thle reBaTd to guldwK¢ ISSU￿ by the awity Commis8ion in d￿ldt￿ what activiiies the dwity should underta THE WOKINGHAM FOODBANK CIO TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YE4R ENDED 31 AUGUST2023 Athltvements •nd perfornawt¢ Sisnificaul aclwities objecliv As ￿"¢ moved away from the challthges by the Covi&19 rffjthnic many in ¢)ur (x)mmunlty found themselves experi¢n¢iD8 a n¢w wave of finanoBI diffi¢ulii¢s As w¢ entr￿4 tr o)St-of-living ¢risis. This ￿n(inued to put P￿Ssur¢ on our foodb8nk as w¢ ¢xperi4x¢ced w FALqiCSt ycar in our volunteer team remained aijust 0¥4y and rttention leveL8 very good. We Tecogni% that theiT ability to help those in need with klThJn￿$ Comp￿￿)n rem8in5 ¢hc be￿Ing heart of our f(￿trAnk. In addition. w¢ maintsined a healthy waitin8 list of voluntem offeTill8 to hdp w'ith Toks ]rKI￿J1￿8 ¢olleain8 don￿10￿ %)rting $￿k and m8kin8 up food Teei The fwdbank ttFntinued ro Supply f￿)d w¢¢b tmw voth to tIM)se in financial hardship. Durin8 the reptsrtin8 period the foodb8nk rettivd referrnls fThi 62 organisatiorts. This incluthd thls. ch8n"tieA. lulth pmers and the local auihority. We rtccived 2401 refeml& tht$ co1￿]￿ted 6528 f(4)d prt¢ls of which 3831 di5tribuied to adults and 2697 children. The number of ptt)ple we supp)rtd was on irKgeasc of ISN Wh￿ wnprtsl to ihe previous Y￿r. This rtsulted In an incrcdibly high volume of stock needed to fijifil th¢ ¢l¢v8i¢d level of We slw a 17 % incrt4s¢ on domtions and w¢ continueto be ifteTedibly ￿l¢fill for 75 maric tOT¥￿ of stLxk t*as by our comuniiy ￿188 the year. A$ foolf￿1 to the fLW)dbank we reco￿15￿] m(rt work needed to towards red￿Ing thc need for foodbanks. The recruitsnMt of 8 volunw to ￿$1$1 the with strotcgic pLwmÈn8 helptyj us d¢fine n¢w workjtrcams In¢ludin8 how we en888e aTrJ L%)mM￿l¢￿¢ with th wider aXhM￿Ety. and Ih)w we￿v(￿￿te for Dwin8 autumn 2022 the f￿di￿nk mo¢)98erioined 8 i￿gh wide H¥ryithip Alliarice. Workin8 strat¢8iC411y, &longside ch&rity Partr￿r8 and the IopAI authority. we h&J an Op￿rn￿lty to k a woic¢ for ¢xr¢rien¢irig financi￿ hwthhip in Wokingham Borough. This led 10 fundin8 from the IKMthld Sukwi fund ￿ ￿15t OUT fu¢Jbhnk s¢hem¢ where we ￿1ved 1466 ￿fert?13 In the run up to Christh)as we o￿t 48in ￿ti¢l[￿j in 4 local woje£t I￿lled Chrisunas Pr¢JuLCC. This 18 a communi¢y wid¢ collaErt)ration t￿1 1$ led by First Days Shwe our FoodtAnk. The woJe¢¢ wo￿$ ￿Ward$ alleviating thr impa¢¢ of tA)V¢rty for local farnilies through th¢ provision of Chri51mas gifts and tre￿ frtsj hampern. Makin8 up Christsnas food hampers remains a v¢ry w)pular aciivity for our volw)*m and we blM8ty1 to rnuive vwy 8¢rKrous riME￿Ill don&tions from th¢ publi¢ to help with this project. Throy8knut th¢ y￿r w¢ ran a series of ses8Kmi whert ¢huth and wisatioN swh ag scouts guides tt¢nded the foodbank to our work Snd involv&J with some tmsic volunwing aLaivities. These sessions w¢ In¢r¢dibly wtll rcccivcd and led ¢0 lots of muningfui wnv¢r5aiiow why xTr many pM)pl¢ in our ar¢0 r¢#ive em¢r8en fwd SUPF4)n. ForW￿d£￿￿k Fooffall remains high at Wokinghtm FwdtAni Howcver. the fty)(W ha5 rnarW ￿ ¢op¢ with this dcmAnd v¢ry w¢ll. We have work¢d hwd at strcamlinLn8 our operaiLorL8 to hclp mak¢ ty8 ¢fficieni with the resour￿ we havc available ￿ w8. As result we fcel tha¢ we gre in 8 strmB W)sii¥)ti to deBI with the otVin8¢halluwes from the omtof livingcrisis. FIManel*l rtwiew R¢s¢n*$policy In the Tru3tees' view. thr T¢s¢r¥¢s thould wovid¢ Wokin8lwn F(K4Ji*nk with ad4uate firwKial stsbility and the for it to m¢¢t iL8 charitable obj¢¢tives for the forescuble firtur& It is our wliGy to ￿)Id c&sh ruwves ￿ll1V￿ent to at leA8t 18 months opeThtionaI ojsts. Io cn5we we 8re able to mea our fil￿ncial obligMions despite the irregui*ity of our irKome. Thi5 Ir¥¢l of reserv¢s will also provlde a degree ofprotrGlion for any un¢xp¢ad fa]Is in th￿lOn5 r¢(¢ryd For these rwons it is unlikely that ihe r¢s¢tv&8 would bc sp￿￿ unltss in UKCCPtiQTwI circwnstantts d￿j by the aprxoval of tl* tr￿Slee£ Our Te5crves policy Js rcviewed annua]ly 4nd the level of act￿1 reserves is rew¢wd dLErin8 the finwial review ￿ Tn￿et'S meetin Tlil'*b I'F'.I.'s' RTr.P()ii'r IiNc'.i.111)l%(: l)IRF.C'T()R%' K&.PVR'fi {CQ,NTIYUTr.D) -cIR 1111:. IF.- IK I.11)I.l) 11..11 (•l'.Sl' •ll?I Ilic Lhuilii t$ J b0111pJni Iimiiid b) dwiiy b tthtsoTk￿ by lis xn41 UbnSlLIUlk* a C'.l(J- l L)u'.iJaiiilll. lkn&i*lLrcd ¢11 ..IuiTuAI .Illh I1'i￿iD¥han1 F'wJ)ank b part vl Il* ￿￿￿¥}(71k i)f th¥ TNSsL'II TnL%l ki fiiriii41 ill Ilk. ¥lTrdTII)'& 1% Tr Jnnuallj bs. rcpr¢s¢ulalii¥s iTrl t￿. T￿55¢[1 Tru%1 Trnss¢ll Tru￿1 priii'i(l¢i Il'okin¥hani FThMlbtsnk w)IKics ixi%1 l)Jts 11¢41ih aThl Sa￿Y ba￿￿$ Trn%s¢11 Tnjsi nirNl¢ls i)Ilicr Pi)lijiji dl Ili)kiJirhJm I"'IMthnk in¢I￿lL- P¢15Th￿l Safdv. l..quJiily Div¥Y%rt). CrniplMnlS finarf TJIL Illl$14kl, VihTh #1¢ almj thr¢cth fw tk rw of+wwy law. *¢V+¢d ￿. >'cJr Jnd up lo lh¥ 41tht¢ vr Ib*li41UT¥ (Il. the lin￿1￿1 %lJL¢frwnl% IT S 14uJlD 'rrnsl¢L£ Aic Jwxiini¢d by lh¢ W ¢bf Intytru ji i thll btwd TIKY ws th wilh I$¥￿ iu Ihg ski114. k00￿.1&dI{' ipcncnL& Il¥c&.d for ik ¢ffk%liw¥ 4thninisii*lun uf I1￿ ch￿IlY arkl Ik'ir ￿VIng PLT¥41nal i'&luk% u.hjch aeeorJ *iih bul iiul Tht trus1¢¢1 ikn. 51¥alGsi¢ th¢ Ib¢ &.k'yl¢ day ruknniThx ul. Ili¥ ¥liJrii) ILI 111¢ 7.ik*lb*ik md."lJ¥lcr i¥¥Jsl¢ts' 4ppro%"rd by ihe Illwd li￿11t￿ IT S 1 Sudlii THE WOKINGHAM FOODBANK CIO II¥DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WOKINGHAM FOODBANK CIO I rerx)rt to the tswsttts on my examination of the fin￿1*1 of The Wok1￿ Fth CIO lthc charity) foT th¢ year¢n&d 31 ALhgUSi 2023. ReSpO￿lbUl1￿J And b￿kn •f Trport Ag the tru5Lces of the charity land also its di￿¢￿)r$ for th¢ of company law) you L resp)nsibk for the pr¢pgra¢ion of the finan¢ial $th￿ments in p*4)xdw with thc r¢4uircmcntsof thE Corn￿1¢￿A￿ 2(KJ6 (th¢ 21K)6 Act}. Havlng sausfi¢d myself ts the fI￿￿l01 Jta*mcnt5 of the tharity *e Jyquirgj audited WL&r Part 16 of thc 2006 A nd eligibl¢ for Ind¢w￿¢￿t ex8minatior4 1 reF4Jrt in Te5m of my tsomin•tK¥n of the eharity'i financi￿ stat¢ments e4Tried out under Section 145 of the Ch&riii¢S A¢L 2011 (the 2011 Act). In ¢aTrying my ¢xomination I havc followe4J all the gpplicable Directiorts 8iven by thc Charity Commission uThler ￿￿10￿ I4515Mbl of the 2011 ACL Inde￿1)d¢ll1 ¢um1*¢￿9 st•t¢m¢ttt Since the charity's gross incomc cxceeded £￿0.{￿1} your examiner musi be A mmbv of a i¥)ay listrd in ￿ti0ft 145 of the 2011 Ad. I confim) that l gm qualified to undmake the cK8mirwti¢Jn E¢cause I a mM)ber of the IrL8titute of ch￿rtered Accountants in Engl￿d and W414 which isone of the listed bxlie& I hav¢ completed my examin¥tiOkL I confirn no mattern h•ve k¥)me to my QlWion in connpKtion with the examination giving me eause io believe thai in any m8wiaJ respc¢t'. p*¢ouniin8 re¢ords not kept in re5rKd of the thwity as requiffJ by ￿10￿ 386 tsf the 2W6Affj or the financial statements &COTd with th)J¢ r￿4)rdS. or thc fInan¢5￿ 51atthnents th) txx ￿TrPlY with the rxwuntin8 of ￿lOn 396 of the 2(wM A¢t other thfftrt any r¢quiremcnt that the ￿￿o￿nts 8iv¢ a fair view which is rKrt considued part of on Inde￿ndent ¢x8mination' or thc firwKiaJ statements have not been wqw&4 in wlth the FYincipl¢s of the StaMent of R¢wrnmerthd Practice for tKcountin8 and rekffiin8 by clwritiej applicab]e to d￿ritieS Fr¢p8rin8 thelr &ee4Jurtts In accordance with the Financial R¢w)nin8 Ststthrd &N)li¢able in the UK and Ryblkc ofirclaThl IFRS 1021. I hav¢ rn wnCe￿ and hllvc come aGr055 no other m8t*rs in ￿nn¢¢liOn with the ¢xamin￿lOn to whith thtion should be drawn in this TeFQrt in order to eMbl¢ 84 proper of the financid st8tem¢nts ￿ be rexh￿. RA¢h¢J BM#• FCA BMu* FCA Flat7 44 Fln¢hamt*4d Ro*J Wokin8h8m Bet*shire RG40 2NN Dated.. ..25 Junc 2024.................-.... THE WOKINGHAM FOODBANK CIO STATEMEY4T OF FINANcIALA￿1vITIEs INCLUDING INCOME AND EXPENDTllJRE ACCOUNT FOR THE YE4R ENDED 31 AUGUST2023 Totsl Umrutrltt fuDds 2022 di funds 2023 Intome from: Donations and It￿1¢$ Ch8rit8ble a¢tiviiies Investmu 195.881 219.(b2 1.649 35.842 231,723 219.062 1,649 182.296 Tot*1 lth¢om¢ 416J92 35.842 432.434 182.296 Expendltsn •#: Charitable a￿1VItI¢j 341.194 35.842 377.036 168,174 Totsl txpelldltsre 341.194 35.842 377,036 168.174 P4et Intome #nd movement ID 75J98 73J98 14,122 R•c•nclllallon of fu#di: Fund b8ian¢es at I septemb￿ 2022 232J31 252,331 238,209 Fund bgl*ncu *t3J Ax¢u*t 21n3 327.729 327,729 2S2,331 Thc statcm¢Dt of finan¢iAI r4ivilics irKIth o1188ins kisxs rwiistd in ￿ year. All incom¢ and expendibjre d¢rlY¢ from corttirtuin8 arfivill￿. Fiird J4VI langihlt a44¢1 ljrbiÉ%t 12 l!X.)J17 ij ¢$T ¢1 curr¥Ni a•%rf* folal 451¢11 le*4 Cur￿n1 Il*bllilks 1!7.7_ I h¢ fundt4 vflhf rh*rffv J27.724 3*7.724 Thr ¢tsmpAn* ih ¢ntiilcd w lh¢ ¢Xenvi￿ &uthi ¢thIUino1 ub 477 of th( C'¢inMwiii% ALI ?IMlh. (iji Ihe }¥4r ￿l￿d.17 *02J. ThL dit¢¢i(Ir5 ih¢ii t¢sp￿ill*ll1** fw wilh r¢quir¥in¢mA ocihc 4c1 ?(M¥* wilh rcIp￿1 1¢) accounliny i¥Kutd> *nsJ th¢ pryiJl¥JTr iTrf Th¢ mfmb¢r¥ hi%"¢ h¢rt fC4UIT¢d the obum w I￿11 finavd¢ial siat¢aT IA 4ue%im In xcordJnLe )mpani¢i reKITh Tlst 14th1t￿lJI *rte by lh¢ 141 f % J%wJl, THE WOKINGHAM FOODBANK CIO NOTES TO THE FINANCIAL STATE￿￿￿rs FOR THE YEAR ENDED 31 AUGUST2023 AeeoundDg polkl Chahity imforniati• Th¢ Wokingham F(xth4nk CIO is a twivate o)mwry limited ty yjorarth ino)rp)Tèted in Et)8iat)d and Wa]e& The rewsterttl office is Unit 2 Frthick How 498 Rain8 Ro*1 Woki*. Berkthir4 RG41 SEX. 1.1 AeeouJblln% conv¢thtlo* The financi￿ statements have been FV¢twd in xcordarKe wÈth the charitys tgoveming do¢um¢ntl. the Componie8 Act 2006, FRS 102 -The Fin￿]81 Rwnin8 Stantsd appli￿1¢ in the UK and RwubliG of Irelan￿ { FRS 102-1 and the ctwitiC5 SORP "Accounting Ind Reprt¢ng by Charities.. sta￿7￿11 of ReLX)mmendcd Pr8rtice appli¢abl¢ io eh8ritieg PT¢Pgrin8 their ¥cwunts in accord#nce with the Finoncts￿ Re￿nIng Swdud a￿liCable in the UK and Eiepublic of Ire18nd IFRS 1021. (eff￿1¥¢ l Jamw$ 20I9}. The Lknity is a Publi¢ Bthefii Ertiry as dery￿j by FRS 102. The ¢lwity has tAken of the &YovigionJ in SOAP forchwritigs Tr)ttO of CA5h Flow& theye financial swements or¢ rowthi ￿ thE rt&est £ The financiol statementj hve beth ]rywed ￿lder the historic4 cost mnverttiOEL Tr wlncip81 a¢lWnti￿ polici¢s adomed are set out below. 12 Gollli ¢oi¢•rn At the time of apw)ving the financiai sw¢mw the t￿￿1¢¢5 hllve & r¢4*)n8ble VAP#Wbon that the charity has ￿equate reKiiirces to continue in OF¢r￿10Th01 ¢rt ¢osts involved in l￿j￿&1ng each &*ivity. tArtc¢ costs attributhle ￿ o single activity are alloc4ted directly to that Xhyity. Shared whieh ¢A)nffitMLie ￿ more than one activity and suprxjn costs whiGh ar¢ nDt a¢irilyJthbk ￿ a single a¢tivity we aprxjrtioned E¢twe¢n th05¢ *iviiies on a ￿15 IxJn515tN)I with the wc of Te80urce Central staff costs are aJlocat¥J on the b&8is of time •nd deW￿ls110n are ￿10¢$￿1 on the wiion of the THE WOKINGHAM FOODBANK CIO NOTES TO THE FINANCIAL STATEMEI¥TS (CONfiNUED) FOR THE YEAR ENDED 31AUGUST2023 Atcountimi politiu (Continued) 1.6 Tinglblt iss¢ts Tan8ible fixed asseL8 are iniiially me45u￿ at rojt and 5uiwwndy or v8luatior¥ nct of &preeiation fj1￿ any impairnieni109g¢5. Depff¢Miion is ffo)8ni*J so writeoffthe CL* or valu*ion of &*cts lets tr*irffsid￿l vajuej ovv their weful livej on the followÈng b￿￿.. Com￿1#8 33% knight li The pln or orisin8 ￿ th¢ di3rK)301 of an #18et Is da¢m)irted as the difff¥¢nc¢ b#weuL the sajt p¥o(%eds and the W￿UC of thc a5sc(8ThJ ts in th¢ Jt8trynent of fina￿la1 adiviti I.? INpalrmMt of flx•d 4#•ts Ai cach re￿rtIng cnd date. th¢ rharity Y¢Yi¢ws the cenyin8 amoutts of its I￿gIble assets w daemiine whether there i5 any indi¢a¢ion tho¢ t￿$¢ wets have Suffered 8n impairnwit loss. If any indiLXtion extst& the rrMverable amount of the 8ssd is esiimataj in oth ￿ de*rniin¢ th¢ ¢xt¢nt of the impDimwtt lou lifanyl. J.8 #*d •q￿lY•114ts Cash 8nd c&th equivaknts include In hand dew)5its hcld * cdl with t4nks. ￿h¢f shorn-term liquid inve5tment$ with 0ri8ino1 mawNu¢3 of three months or lu& aThJ t*nk ovudraftk Bank overdrafts art within htTOWiDV in C￿￿¢nt 1.9 FIuDelAI Initrnmettts The ¢lwity has ¢l¢cted LO 8tvly the rKovisbOM of Wion I I 'B&8ic Fin￿1￿1 In*uma)ts' S¢alon 12 '0ther Fifianciai Instrumen￿ Issuc8' of FRS 102 to all of l¢s finaKlal In$Wnu￿. Finatt¢ial insbum¢nts are rewi#d in ¢huity'$ shBtt wheth the chwity be4)mes party to the cont￿￿9] provisions of th¢ in8thJm¢ Flnanciai o&¥ts ond liabilitsu offxL with th¢ ne¢ F¥¢#￿ted in th¢ finwioj Statem￿ when thfft li a legally enfor¢eAble ri8hi 10 stl off thc rew￿1*￿ ￿OUnts and tht¥c is sn intcmiion to on o net bui8 or to reali9e lh¢ asset and %ttle the I1￿11$ty simu1lanco￿iy. Icfv47Ndol t7ssets B￿1¢ firW￿l41 wet4 wh￿h inclth drllorn •ThJ cash 8nd or¢ initially meojured at tt¥nsactlon price includi#g tr#ns&¢tion ¢OSL8 oryj Are sutrwuthdy ¢arrial & atnortisul cost USULg th¢ effe¢tiv¢ interesl mcthod unlc55 the arron8ement co[￿litU(e3 a finan¢in8 Irarnaction whcrc thr tiaTwiion is mAwred at the preseni value of the fijture receipts disco￿1￿1 at a markct ratc of interesL Fin8nciai &wts C1￿]rIed &8 ￿%1vab￿ within ottc ye4r ore not *nonis¢d, Baflcfv&hdalll*bUld¢s B&8ic finan¢io1 liabiliiie4 incI￿lIng LThJitrys and trAnk loatLs are inili8lly TeW8nDeMJ at tiartwtion kyiee unless thc arran8Cm¢llt con51i¢ulU 8 finDncing tranw¢io]K where the debt IT￿￿￿en( is mojwed at the pr¢s¢nt value of the fvtu payments disiy)unt¢d at a mthet rate of irtuesL Fin8naal liabiliti￿ classified a4 pyable With1￿ one ye8r 8re Th)t amorti5¢(L Trade crcditorn are obliWV)ns ￿ tAy for g(￿$ or s¢rviw8 have iwi in the Ordinary rour5¢ of op¢Jxtion$ from suppliers. AnK)unts F4yablc 8r¢ ¢i￿SIr1ed as currcrt l18biliti￿ if pavment is due within one ye4r or less. If DOL they arc pr¢s¢nted as non-curmt lia>iliti¢S. Tr&Je credits>ts are rwis&l initially at transaction price and subsp4￿ntIY THE WOKINGHAM FOODBANK CIO NOTES TO THE FINANCIAL STATEMENrs (co￿riNUED} FOR THE YEAR ENDED 31AUGUST2023 AccouDtiD% Wltkl (CoDtim•ed) DerecognIii￿ oAfm&ncirfllia￿ Financi￿ lisbilities are wlxD theclwity's contr&*￿ obli8ations expl￿ or8re dImth￿gedor c8ncelled 1.10 Employé¢ be*¢fits The cost of any unused entitiemcnt Li ￿8￿1#￿ inthe ￿ltid itt 7whi¢hth¢ anp]oye¢'s services aff ￿¢¢Ived. Terniinatton benefits aye reo)gnis&J imm¢di*¢ly ts an expry wlw th¢ dwity 1> (kn￿trab￿ LY>mmitkd tt) t¢miinatt th¢ employment of at) ¢mployee or ￿ wovid¢ t¢rn)it￿jon benefit& 1.11 Rttiremellt bMtfft¥ Crltl¢al *¢¢o¥wthii •¥tlth•ts• J¥dy*¢*ts In the 8pplic&tion of the chtirity'$ ￿¢0￿￿¢1￿$ polici￿ tnjstees sre r4uired w mth judgcmtrts, estlmates and surnptiorL8 the c4nyin8 amowit of asscts aThJ liabilities that are mdily appawi fmm ￿her sources. The ¢stimat¢s and ass￿l￿ed A8sumptiorts ore on hithriai expEriuKe thnd othtt fakxon thot are wnsidered w be r¢l¢van¢. Actu￿ Tesults may differ from th ¢stimots Th¢ estim&t¢s and urthlying •re miewtsj on on (rfwin8 Iwij. R¢Yi$ioffj to actwntift8 estimates a reco8nised in th¢ wiod in which the estimate is rtVi5cd where the r¢visiort affe¢ts only thot or in the period of th¢ revision firtur¢ wiods wher¢ th¢ r¢viJion aurent firturt In¢om• frorn d•n*tlow Amd lry*d Totsl f•D 2023 Ddi 2022 2023 2022 2012 Ttuu¢ll Trusi Grwts Focd