SOCIAL MOBILITY BUSINESS PARTNERSHIP Trustees, annual report (including Directors, report) for the period From: 1st January 2024 to 31st December 2024 Charity name.. Social Mobility Business Partnership Charity registration number: 1174309 Company number: CE010808 Objectives and activities SORP reference Summary of the purposes of the charity as set out in its governing document Para 1.17 The objects of SMBP are lo advance the education of young people from low income backgrounds in particular but not exclusively by.. (a) providing and facilitating opportunities for them to obtain work experience with organisations working in or with the professions of law and accountancy, and such other professions and fields as the Trustees in their absolute discretion see fit., and Ib) advising and assisting them to achieve the necessary qualifications and to enter and progress in careers in such professions and fields. Summary of the main activities in relation to those purposes for the public benefit,in particular, the aclivilies, projects or services identified in the accounts. Para 1.17 and 1.19 A volunteer-led charity, SMBP is a collaboration of over 200 commercial organisations, professional services firms and professional sports teams working to deliver Work Insight and Skills weeks across twenty one towns and cities in the UK.
All the SMBP Partners are committed to supporting Year 12 and Year 13 students from low income backgrounds in their pursuit of a career in business1 Since 2014, SMBP has grown from offering week-long placements to 20 students in London, to over 800 student placements across the UK in 2024. In addition to the week-long plaGements, SMBP has worked with Formula 1 and Mishcon de Reya to deliver additional Work Insight days to over 200 students. Together, with standalone day long experiences, SMBP delivered 3,704 days of work experience and insight in 2024. During Ihe week-long UK based placements, students benefit from spending a day learning about the psychology of resilience, this is delivered in partnership with a local professional sports club. They then spend a day with four different businesses to gain an understanding of what each business does, insight into how they could work there and develop their key competencies through interactive business games. A SMBP Career Mentoring Platform (via htt s:Ilsmb .or .ukl rou mentorin then supports them through their journey to a career by providing access to advice on the creation of Personal Statements, Cvs and completion of application forms and guidance on how to prepare for interviews. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 The guidance issued by the Charity Commission on public benefit has been circulated to Trustees and the Trustees have had regard to the same at all relevant times. In addition to the aforementioned website and career mentoring site maintenance, Year 12 and Year 13 students in England and Wales, Year 13 and Year 14 students in Northern Ireland, S5 and S6 students in Scotland.
student travel and Resilience Day costs, the other main area of expenditure is staff, advisory cosls and administration. Additional information {optional> You may choose lo include further statements where relevant about= SORP reference PoliGy on grant making Para 1.38 SMBP is not a grant making charity Policy on social investment including program related investment Para 1.38 SMBP does not engage in investment activity Contribution made by volunteers Para 1.38 SMBP is supported by over 700 volunteers across 38 clusters. Key volunteer roles are Cluster Head, Resilience Delivery Lead and Lead Chaperone, supported by volunteers from all our partners who help to deliver Ihe programme on the day and chaperone students during transportation. The Cluster Head takes overall responsibility for project managing the cluster. They manage and maintain relationships with all commercial partners and employee volunteers and arrange regular meetings to ensure they are on track to deliver an interactive and engaging day for the
students and to prevent any duplication of material. Safeguarding is key to the welfare of students and Cluster Heads are responsible for ensuring that all partners have completed and submitted a Young Persons Risk Assessment relevant to their premises. They also ensure DBS certificates are in place for a Lead Chaperone who volunteers to accompany students on long train or Goach journeys during the programme. The Resilience Delivery Leads are trained in the content that is delivered lo all student attendees across the UK during the Resilience and Goal Planning Day. Volunteers spend a day being trained in the content in London and a further day delivering it al a local professional sports club. Where coaches or long group train journeys aTe arranged by SMBP for travel, employees also volunteer as Ghaperones to ensure students are accompanied, with one Lead Chaperone completing an enhanced DBS Gheck. Each participating business partner within all of the 38 clusters could not run their SMBP day without the help of the three or more employees that volunteer Iheir time lo assist with the delivery of the day on their sile. NIA 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 lo society as a whole. Para 1.20 Working with Year 12 and Year 13 state school students from low income backgrounds, the charity works to broaden access to business, wilh a focus on showcasing how commercial teams work seamlessly with their legal and finance colleagues lo deliver business strategy. It is the first and only programme in the UK that enables students to see all three key elements of business in this way. The majority of students attend a Work Insight and Skills week, spending a day al a professional sports club where students learn about the psychology of resilienGe and goal achievement models, supported by our delivery partner Cleartrack Performance. This is followed by a day at each of four different businesses. In total there are 38 clusters spread across the UK, supporting students from Belfast, Birmingham, Bradford, Brighton, Bristol, Cambridge, Cardiff & Newport, Derby, Exeter, Glasgow, Leeds, Greater London, Manchester, the North West, the North East, Norwich, Plymouth, Reading, Rugby & Coventry and Wrexham. In 2025, in line with an ongoing commitment to increase the number of student placements across the UK, the Programme aims lo extend ils reach to include students from St Austell and Truro. In addition, the SMBP team will work to increase student attendance across all programmes by implementing a new onbarding process enabling a better understanding of sludents commitment. SMBP employs five full time members of staff and is grateful to the 700 plus volunteers within the participating businesses, who deliver content on SMBP days or take responsibility for central functions under the direction of the SMBP leam. All students who attend the Programme can register on SMBP'S bespoke Career Mentoring Platform. Participating students can draw on the experience of bLssiness, legal and finance
professionals for advice on writing impaGlful Cvs and personal statements, completing university and job application forms and prepping for an interview. As well as guidance, students can opt to receive information and signposting to employment opportunities and recruitment events at our partner organisations. SMBP is affecting a sea change in the way work experience in the UK is delivered by creating a model which tackles the issue of lack of resource and budget to deliver meaningful employer experiences. Our full Impact Report can be found here.. htt s.'//smb .ulda loads12025/02120 24-Im act-Re ort-Book-View. df Students who attended the 2024 Programme and completed the Impact Survey concluded: 990/0 said they would recommend the SMBP Programme to other students. 810/0 rated their SMBP experience as 'Very Good,. 990/0 said that the week helped them identify what they would like to do for a joblcareer 92 % understand better how a business operates and what they are looking for in employees. 87 /0 agreed the experience will strengthen their future applications. 93 /0 rated their self confidence as 'Very good, or'Good" 94 % agreed they have a better understanding of the career opportunities available to them. SMBP's Sludenl Experience team is run by three alumni students on a volunteer basis. Each are responsible for different stages of a students, placement with us- The Head of Student Engagement is in Charge of all comms that go to students. It is vital all students feel prepared ahead of attending the SMBP week to avoid unnecessary student dropouts. This includes student onboarding comms, the SMBP Student App registration process and simple user guides designed to prepare students for the week e.g. How to get
the most out of the SMBP Career Mentoring Platform The Head of Student Experience is responsible for the curation of the common core elements of a SMBP week (including the I nduction session) and impact reporting They review the content and the impact survey results each year to ensure reoccurring sludenl feedback is factored into the delivery of the following year. The Head of Student Alumni oversees our various touchpoints with students once they have completed the SMBP week. This includes a Linkedln Network for students once they are over 18 and "Recruitment Bites. which inform students of further SMBP partner opportunities {including paid internships and employment opportunities). Additional information {optional) You may choose lo include further statements where relevant about.. Achievements against objectives set Para 1.41 (see above) Performance of fundraising activities against objectives set Para 1.41 NIA Running costs met by corporate funding partners. Investment performance against objectives Para 1.41 NIA
Other NIA Financial review Review of the charity's financial position at the end of the period Para 1.21 As al 31.12.2023, the charity holds £215,645, in unrestricted funds, being our cash in bank. The charity has no other fixed or current assets. The only liabilities the charity has are a £5,561 creditor to HMRC, and a £1,025 credit to our pension provider,. both settled within 30 days of year end (31.12.2024). The total income for the period was £354,710. The total expenditure was £340,121. The reserves of £215,645 amount to 630/0 of the total Year 7 spend and 66 /0 of the forecast spend in Year 8. With a healthy cash position, we do not envisage any problems in meeting our expenses as they fall due. Statement explaining the policy for holding reseNes stating why they are held Para 1.22 We will always aim to have 50 % of our forecast spend funds in reserve, circa £165,000 for 2025. All Tier 1 and Tier 2 Funders have expressed a nonbinding intent to fund for a minimum of three years. Should funders Ghoose not to fund SMBP beyond year 3, it will be able to continue to operate for at least six months providing sufficient time to find further funding. The resetves policy will be reviewed annually lo take into account any changing financial circumstances. Finances will be regularly monitored by the Head of Finance, and should they fall lo the reserve level, The Board will be promptly notified. Amount of reserves held Para 1.22 £215,645 Reasons for holding zero reseNes Para 1.22 NIA
Details of fund materially in deficit Para 1.24 NIA Explanation of any uncertainties about the charity continuing as a going concern Para 1.23 There are no uncertainties about the charity's ability lo continue as a going concern. Funding has been secured to cover all foreGasl expenses of the 2025 Programme. Key personnel remain in place, and our network of volunteers continue lo support the charity. Additional information loptionall You may Ghoose to include further statements where relevant about.. The charity's principal sources Para 1.47 SMBP is based on the spirit of collaboration of funds {including any and the principle that all participating fundraising) organisalions give their time without charge. The running costs of the charity are met by funding from a number of organisation and one fundraising event. Investment policy and objectives including any social investment policy adopted Para 1.46 NIA The charity does not make any investments or social investments. A description of the principal risks facing the charity Para 1.46 NIA The charity financial risk is underpinned by its corporate funders and the financial reserves policy, as noted above. Other NIA Structure, governance and management
Description of charitable trusts.. SMBP does not have any charitable trusts. Type of governing document.. Para 1.25 SMBP is governed by its Constitution as published on Ihe Charity Commission's website. How is the charity constituted? Para 1.25 The Charity is registered as a CIO Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body enlilled to appoint one or more trustees Para 1.25 Trustees are generally selected from one of the 161 businesses that support SMBP, based on their expertise in running large- scale DE&1 projects. Additional information loptionall You may choose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of trustees Para 1.51 When a new trustee is voled in, the General Counsel will undertake the following process: Send a form to the new trustee to collect information required for Charity Commission registration., Register trustee with the Charity Commission., Notify Head of Operations to conduct a DBS check for the trustee. Send a copy of SMBP'S Constitution to trustee., and Send copies of the following policies.. SMBP'S Safeguarding Policy (along with link to guidance at htl s.1. ov.ukl uidancel safe uardin -duties-for- charit -Irusteesl', SMBP'S Criminal Finances Act Policy., SMBP'S Data Protection Policy linternal)., 10
11 SMBP'S Statement of Purpose, Objectives and Values. and Charity Commission's 3 pieces of guidance on Public Benefit.. (htt s'.Ilassets. ublishin ice. ov.ukl overnmentlu loa dsls slemlu loadslatlachmen t datalfile15882341PB1 The ublic benefit re uirement. .serv htt s'.Ilassels. ublishin .servi ce. ov.ukl overnmentlu load sls stemlu loadslattachment dalalfile16109431P82 Runni a charit df and htt s'.Ilassels. ublishin .servi ov.ukj overnmenuu load sls stemlu loadslattachment dalalfile15883071PB3 Re or ce. SMBP also arranges an annual training session, delivered by a charity departmenl at a law firm, on the responsibilities of trustees, with a focus on the Charity Governance Code. SMBP has l independent Trustee and 13 Trustees from the following organisations.. Osborne Clarke, Vanquis Banking Group, Slaughter and May, Reed Smith, CMS Cameron McKenna Nabarro Olswang, Squire Patton Boggs, Hogan Lovells, Linklaters LLP, Clifford Chance, Burges Salmon, Pennon Group, Formula 1 and BT Group. The charity's organisational structure and any wider network with which the charity works Para 1.51 The charity employs a Managing Director, a Head of Operalions, a Head of Technology and Communications, a Student Sourcing Executive and a Delivery Executive. This employee team is supplemented by consultant support from the Lexjam Consulting (Principal Consultant of LJC being the Founder) and the following volunteer executive roles.. Head of Finance, Head of Technology, Safeguarding Officer, General Counsel and the Student Experience team
consisting of Head of Student SourGing, Head of Student Experience and Head of Alumni Relationship with any related parties Para 1.51 SMBP works in collaboration with other charities to improve social mobility including the Sutton Trust, I ntouniversily and Elephant Group. Charity Governance Code 2017 htt s:Ilwww.charit overnancecode.or other len As noted above, SMBP arranges an annual training session for the trustees, delivered by a charity department at a law firm, on the responsibilities of trustees, with a focus on the Charity Governance Code. SMBP'S Statement of Purpose, Objectives and Values that is followed by the Trustees is also based on the Code (See Appendix 1). Charities (Protection and Social Investment) Act 2016 SMBP does not meet the threshold above which additional reporting is required under the Charities {Protection and Social Investment) Act 2016. Reference and administrative details Charity name Social Mobility Business Partnership Other name the charity uses SMBP 12
Registered charity number 1174309 Charity's principal address Osbourne Clarke, One London Wall, London, EC2Y SEB Names of the charity trustees who manage the charity Trustee name Office {if any) Dates acted if not for whole year Name of person lor body) entitled to appoint trustee lif any) Andrew Garard Chairman 18.08.2017 to current Russell Johnstone 30.01.2019 to current Joanne Theodoulou 26.09.2018 to current Carole Mehigan Safeguarding Officer 24.01.2018 to current Robert Elvin 24.01.2018 to current Dominic Robertson 01.06.2020 to current Ray Berg 18.08.2017 to current Tanya Francis 09.06.2021 to current Robert Lawson 17.10.2019 to current Alex Edmiston 12.01.2023 to current Oliver Hipperson 23.05.2023 to current Alice Bretherton 10.06.2024 to current 13
Michael Davison 10.06.2024 to current Paul Lewis 10.06.2024 to current Corporate trustees- names of the directors at the date the report was approved NIA Name of trustees holding title to property belonging to the charity NIA Funds held as custodTan trustees on behalf of others Description of the assets held in this capacity NIA Name and objects of Ihe charity on whose behalf the assets are held and how this fa11s within the custodian charity's objects NIA Details of arrangements for safe custody and segregation of such assets from the charity's own assets NIA Names and addresses of advisers (optional information) Type of adviser Name Address General Counsel Shelley Bezalel Osborne Clarke, One London Wall, London, EC2Y SEB Consultant Isambard Innovation Limited trading as Lexjam Consuting James House, 70 Chipstead Park, Sevenoaks, TN13 2SH Head of Finance Robert Henson Osborne Clarke, One London Wall, London, EC2Y SEB Head of Technology Annette Brown Osborne Clarke, One London Wall, London, EC2Y SEB 14
Name of chief executive or names of senlor staff members (optional information) Jessica Clarkson (Managing Director) Exemptions from disclosure NIA Other optional information NIA 15
Declarations The company has taken advantage of the small companies, exemption in preparing the report above. The trustees declare that they have approved the trustees, report (including directors, report) above. Signed on behalf of the charity's trusteesldirectors: Signatures Full names Andrew Garard Carole Mehigan Position Chair and Co-founder Safeguarding Officer Date 16
Appendix 1: SMBP'S Statement of Purpose, Objectives and Values Statement of Purpose, Objectives and Values Purpose SMBP'S purpose is as sel out in ils Constitution.. "The Objects of the CIO are to advance the education of young people from low income backgrounds in particular but not exclusively by.. (1) providing and facilitating opportunities for them to obtain work experience with organisations working in or with the professions of law and accountancy, and such other professions and fields as the Trustees in their absolute discretion see fit., and {2} advising and assisting them to achieve the necessary qualifications and to enter and progress in careers in such professions and fields. Objectives SMBP is dedicated to broadening access to businesses, by providing students from low income backgrounds access to work insight with multiple employers, resilienGe training and lifetime career mentoring. The SMBP Delivery model has been developed to encourage collaboration not competition between organisations across the world of business and the wider third sector by providing the operational backbone forjoint delivery of work experience and ongoing career support. SMBP'S objectives can be summarised as follows.. (1) break down psychological 'fitting in, barriers students may experience when entering the world of business by providing them with an opportunity to experience different working environments and meet the professionals within them., 12} develop students, commercial awareness and skills in the following areas.. communication, teamwork & leadership, creativily & problem solving, resilience & goal planning., {31 arm students with multiple corporate brand names to create stand out Personal Statements and {41 provide engaging business game and focussed work insight experienGes to Greate aneGdoles to enable students to confidently answer competency questions asked during university and job interviews,. and {51 assist students with each slep of their Gareer journey through online career mentoring on Personal StatemenUCV creation, completion of application forms and interview preparation. Values SMBP aligns its values to the Charity Governance Code. This is a 'best practice, code set up by the Charity Governance Code Steering Group,. a voluntary, cross charity sector collaboration. The Charity Commission acts as an observer to this group. 17
SMBP'S values are as follows-. 11} SMBP'S trustees are Glear about SMBP'S aims and ensure that these are being delivered effectively and sustainably. They provide strategic leadership in line with SMBP'S aims and values. (2) The trustees act with integrity,. adopting values and creating a culture that helps achieve SMBP'S charitable purposes. The board of trustees is aware of the importance of Ihe public's confidence and trust in charities and trustees undertake their duties accordingly. (3) The trustees make sure that their decision-making processes are informed, vigorous and timely. 14} The trustees work as an effective team, using the appropriate balance of skills, experience, background and knowledge to take informed decisions. {5) The trustees, approach to diversity supports SMBP'S effectiveness, leadership and decision- making. (6) The trustees lead SMBP in being transparent and accountable. SMBP is open in ils work, unless there is good reason for it not to be. 18
| 1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
1174309 Period start date 1/1/24 To 12/31/24 Social Mobility Business Partnership Annual accounts for the period orBRANONOVA~~i~~ FOR ENGLAND AND WALES |
|---|---|---|---|---|---|---|---|---|
| Section A Statement of financial activities | Section A Statement of financial activities | |||||||
| Recommended categories by activity |
Guidance Notes | Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds | Prior year funds |
||
| £ | £ | £ | £ | £ | ||||
| Incoming resources (Note 3) | F01 | F02 | F03 | F04 | F05 | |||
| Income and endowments from: | ||||||||
| Donations and legacies | S01 | 322,000 | 24,339 | - | 346,339 | 247,482 | ||
| Charitable activities | S02 | 980 | - | - | 980 | 28,601 | ||
| Other trading activities | S03 | - | - | - | - | - | ||
| Investments | S04 | - | - | - | - | |||
| Separate material item of income | S05 | 7,391 | - | - | 7,391 | - | ||
| Other | S06 | - | - | - | - | - | ||
| Total | S07 | 330,371 | 24,339 | - | 354,710 | 276,084 | ||
| Resources expended (Note 6) | ||||||||
| Expenditure on: | ||||||||
| Raising funds | S08 | 5,813 | - | - | 5,813 | 4,078 | ||
| Charitable activities | S09 | 307,419 | 24,339 | - | 331,758 | 269,530 | ||
| Separate material item of expense | S10 | 2,550 | - | - | 2,550 | - | ||
| Other | S11 | - | - | - | - | - | ||
| Total | S12 | 315,782 | 24,339 | - | 340,121 | 273,608 | ||
| Net income/(expenditure) before investment | ||||||||
| gains/(losses) | S13 | 14,589 | - | - | 14,589 | 2,476 | ||
| Net gains/(losses) on investments | S14 | - | - | - | - | - | ||
| Net income/(expenditure) | S15 | 14,589 | - | - | 14,589 | 2,476 | ||
| Extraordinary items | S16 | - | - | - | - | - | ||
| Transfers between funds | S17 | - | - | - | - | - | ||
| Other recognised gains/(losses): | ||||||||
| Gains and losses on revaluation of fixed assets for the charity’s own use | Gains and losses on revaluation of fixed assets for the charity’s own use | S18 | - | - | - | - | - | |
| Other gains/(losses) | S19 | - | - | - | - | - | ||
| Net movement in funds | S20 | 14,589 | - | - | 14,589 | 2,476 | ||
| Reconciliation of funds: | ||||||||
| Total funds brought forward | S21 | 201,056 | - | 201,056 | 198,580 | |||
| Total funds carried forward | S22 | 215,645 | - | - | 215,645 | 201,056 | ||
| 1 |
CC17a (Excel)
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Section B Balance sheet
| Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees |
Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
|---|---|---|---|---|---|---|
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | |||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 222,231 | - | 222,231 | 223,783 | |||
| 222,231 | - | - | 222,231 | 223,783 | ||
| 6,586 | - | 6,586 | 22,727 | |||
| 215,645 | - | - | 215,645 | 201,056 | ||
| 215,645 | - | - | 215,645 | 201,056 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 215,645 | - | - | 215,645 | 201,056 | ||
| - | - | - | - | - | ||
| - | - | - | - | |||
| 215,645 | - | - | 215,645 | 201,056 | ||
| - | ||||||
| 215,645 | - | - | 215,645 | 201,056 | ||
| Signature | Print Name | Date of approval dd/mm/yyyy |
||||
CC17a (Excel)
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CHAR y (OMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts On xaxjnts for the Charity rK• (rfan 1114309 Sel on p•Jes 't. 10 Irrithe li" Dage nterS ot afjoffiov, I rewtto the trustees on my exa1n.0n ofthe acu)unts of the at¥)ve nty fthe Tn) forthe yow en1 gD I MM I YYYY. ResF<nsit41111es and basls reFQrt the dwnty8 tre66. you are rw'tle for the preparalion of the 8c£ounts in aC£Ordan wlh tho requreThnts (rf tho Chanbe8 Ad 2011 e Acf). I repjt in resF¢d eXIn3110n crf the accnts ca[8d out uThJer seth.on 145 of the 2011 Ad and in Carng out my examination. I he loll(MeJ all Ihe apFdicle thre(0 gven ty the Charty C(mmKqson uTrJer soclion 1495Kbl d the P IndepmIent examinerfs lake exwnIrth by bevy a qualffjedm8mbw offmswt nwn I have crynrleted my tt¥amina"on. I cThffimi that no matenal matters hwe ccffle to my attentton in conneclion the exarThnab'on (other n thal d6dLE&J Wtrw") vhch gves to lIeVe that in. • the act(yJntsw recxth ¥t not kem in arxxlrdanee 86cts.on 130 cl the chare$ Art or • the acuwnts Od ac¢¢xd %Mth the aCuntr.ng re(xxd5' or • the a(rnunts ad c¥)mFly ith the aFflic2tle reqwfements concemirwJ the form arttl u)ntent ol accrurrts set ¢yJt in the Chanbes lknunts and RerAxtsl Regaticffj 2(Th olhei than any reqiirement that the &courts gve a Irue and f•'r' wew ch is not a matter (xThidered as part d an In¢Fendent examina"on. I hwe no corThM aTrl he come acTh no other matterB in the examinabon to vknith attenb.on shold t in rep)rt In to enatrAe a proper understanthng of the a(Unts to t feath&t ' Please dee t m ttn brthts rftry do rKrf apNH. quallfalKArts) (* I S6
rn("orA gjthrrn for exwnineTr). Glve hue dils rA any ilems that tt examlr•8f wlshes disclose. Wo vfwg J-d