REGISTERED COMPANY NUMBER: CE012807 (England and Wales) REGISTERED CHARITY NUMBER: 1176485
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2021
for
The Universal White Brotherhood UK
Ward Mackenzie Ltd Chartered Accountants Thatcher House 12 Mount Ephraim Tunbridge Wells Kent TN4 8AS
The Universal White Brotherhood UK
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
The Universal White Brotherhood UK
Report of the Trustees for the Year Ended 31 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The Brotherhood has no religious or political affiliations and freely invites all those who, regardless of nationality, colour or creed, are seeking to improve their lives through a fuller understanding of the universal laws of spiritual science which underpin man's psychic and physical wellbeing. The teaching and methods of the philosopher and spiritual teacher Omraam Mikhael Aivanhov are studied and shared in an environment of collective fellowship. The Brotherhood's extensive publications have been translated into more than thirty languages.
The charity:
1 Maintains a permanent centre at The Doves Nest, adjoining the Ashdown Forest in East Sussex, where it holds regular meetings at weekends and longer retreat congresses which are open, by arrangement, to both subscribing members and nonmembers.
2 Supports, by the provision of audio & video lectures, books and other printed materials, those experienced members who establish and run small regional groups for those adherents not located within easy reach of The Doves Nest.
3 Arranges and manages stands for Prosveta (the Brotherhood's trading and publishing arm) at a number of Mind Body Spirit themed festivals held annually throughout the UK to help promotion and dissemination of the teaching.
4 Promotes, sells and distributes Prosveta's published materials in printed, audio and video format via its mail order facility to both individuals and booksellers.
5 Maintains websites at https://omraam-uwb.uk, www.dovesnest.org and www.prosveta.co.uk to advertise forthcoming Brotherhood activities and meetings and the availability of newly published material. A social media presence is also maintained at www.facebook.com/prosveta.co.uk and www.facebook.com/UWBUK.
FINANCIAL REVIEW
Reserves policy
The receipt of income is weighted around the start of the calendar year when subscriptions fall due and the larger donations are generally received. Income from the sale of printed, audio and video material via the charity's trading arm, Prosveta, is received throughout the year as is income for use of accommodation at The Doves Nest and for attendance at monthly meetings and congresses. The Brotherhood has been maintaining a Reserves Policy to keep a sum of approximately £25,000 in a low risk building society charity account to be held against the need to fund unforeseen or emergency expenditure at its headquarters, The Doves Nest, and to keep monies in its Business Reserve Account at the bank that can be drawn upon or replenished during the year to cover fluctuating day to day income and expenditure.
Page 1
The Universal White Brotherhood UK
Report of the Trustees
for the Year Ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Universal White Brotherhood UK changed its constitution and incorporated as a Charitable Incorporated Organization on 02 January 2018. This change brought the charity into line with modern practice and saw the initial appointment of seven trustee directors to the board. The new charity became operational on 01 April 2018 and it was decided, for reasons of governance, that its accounting year should now coincide with the calendar year.
The Brotherhood in the United Kingdom forms one of a number of associations worldwide promoting the spiritual teachings of the Master, Omraam Mikhael Aivanhov, a Bulgarian philosopher who taught in France for nearly 50 years until his death in 1986.
The Brotherhood maintains its administrative and educational centre at The Doves Nest in East Sussex, from which it procures and distributes the teachings throughout the country via:
a. its trading arm, Prosveta UK, through the sale of printed, audio & video materials;
b. its website at https://omraam-uwb.uk and social media;
c. regular meetings and congresses at the Centre and at regional venues.
Three of the Brotherhood's trustees currently reside at The Doves Nest to administer the day-to-day running of the charity and maintenance of the premises and grounds.
The core membership contributes to the cost of running the charity and upkeep of The Doves Nest via subscriptions and regular donations. At the end of the current review period the membership stood at 46, but the number of adherents who attend meetings, study the teachings and purchase Prosveta's various publications far exceed this number.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE012807 (England and Wales)
Registered Charity number
1176485
Registered office
The Doves Nest Duddleswell Uckfield East Sussex TN22 3JJ
Trustees
J Morgan Trustee A E S Eastman Trustee E Ramia Trustee Ms H M Howard Trustee Ms R E Collett Trustee Miss V Norman Trustee
Independent Examiner
Ward Mackenzie Ward Mackenzie Ltd Chartered Accountants Thatcher House 12 Mount Ephraim Tunbridge Wells Kent TN4 8AS
Page 2
The Universal White Brotherhood UK
Report of the Trustees
for the Year Ended 31 December 2021
REVIEW OF THE ACCOUNTING PERIOD
The charity's principal asset is The Doves Nest, its headquarters and spiritual retreat centre located in the Ashdown Forest near Uckfield in East Sussex. The property was gifted to the old charity upon its inception in 1985. It was revalued when the assets of the old charity transferred to the new one and its market value was then assessed, in accordance with the RICS Valuation Global Standards 2017, at £1,750,000. To effect the transfer of assets to the new charity it was also necessary to clear all outstanding long term loan debt.
Whilst the charity is heavily dependent upon donations to help fulfil its objectives, it receives some income from its trading arm, Prosveta, which distributes, via website and mail order, translations of the Teaching's literature as well as audio and video material. Turnover for the year was £6,490 from this source which was very similar to that of last year and continues to reflect the challenging market conditions..
The residential accommodation at The Doves Nest is available to members and non-members over the weekend of our monthly meetings and also during the longer congresses which are usually held several times a year. Whilst the Covid 19 pandemic restrictions continued to preclude the holding of a number of the full weekend meetings and congresses, income from this source was up from £5,115 in 2020 to £8,995 because of the recent take up of a long-term room letting. During the Summer months we again held outdoor, socially distanced, Sunday meetings in the grounds of The Doves Nest.
As with last year, the covid 19 restrictions resulted in the majority of our Central London and regional meetings having to be cancelled. Nevertheless, Internet technology enabled more outreach to be conducted online and cancelled meetings were replaced by YouTube presentations and, where practicable, as for the AGM, gatherings over Zoom.
The ongoing pandemic restrictions meant that the Brotherhood 's popular residential course for Paneurthythmy circle dancing in May again had to be cancelled as did the weekend part singing tution sessions. Likewise, we were unable to man stands at the Mind Body Soul Experiences at North London's Alexandra Palace and at other regional exhibitions which were all cancelled. Accordingly, neither income nor expenditure was generated from these sources during 2021.
Income receipts from subscriptions and donations amounted to some £158,649 which included a generous legacy of £135,110 which enabled us to replenish the Brotherhood's reserves and will help to offset rising running costs. Gift-aiding also enabled a total tax reclaim of £4,492 from HMRC for 2021.
Maintenance costs for the property and ground amounted to £8,660 which included scaffolding costs of £3,083 to facilitate external repair work to The Doves Nest and acquisition of some replacement garden machinery.
Receipt of the legacy in 2021was reflected in the significant excess of Income over Expenditure for the year and better places the Brotherhood to meet future challenges.
Approved by order of the board of trustees on 1 April 2022 and signed on its behalf by:
J Morgan - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Universal White Brotherhood UK
Independent examiner's report to the trustees of The Universal White Brotherhood UK ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ward Mackenzie Ward Mackenzie Ltd Chartered Accountants Thatcher House 12 Mount Ephraim Tunbridge Wells Kent TN4 8AS
1 April 2022
Page 4
The Universal White Brotherhood UK
Statement of Financial Activities for the Year Ended 31 December 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds Charitable activities UWB Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted funds £ 158,649 6,490 14,160 179,299 13,349 39,985 906 54,240 125,059 1,803,897 1,928,956 |
2020 Total funds £ 36,157 6,696 11,290 |
|---|---|---|
| 54,143 12,705 30,618 918 |
||
| 44,241 | ||
| 9,902 1,793,995 |
||
| 1,803,897 |
The notes form part of these financial statements
Page 5
The Universal White Brotherhood UK
Balance Sheet
31 December 2021
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Stocks 8 Debtors 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted funds £ 1,751,903 15,402 5,302 156,349 177,053 - 177,053 1,928,956 1,928,956 1,928,956 1,928,956 |
2020 Total funds £ 1,752,809 13,597 6,770 32,654 53,021 (1,933) 51,088 1,803,897 1,803,897 1,803,897 1,803,897 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 1 April 2022 and were signed on its behalf by:
The notes form part of these financial statements
Page 6
The Universal White Brotherhood UK
Balance Sheet - continued 31 December 2021
J Morgan - Trustee
The notes form part of these financial statements
Page 7
The Universal White Brotherhood UK
Notes to the Financial Statements
for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statement of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice Applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standards 102 'The Financial Reporting Standards applicable in UK and Republic of Ireland' and the Charities Act 2011. The financial statement have been prepared under the historical cost convention as modified to include the revaluation of fixed assets.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance Motor vehicles - 20% on cost Furniture and fittings - 20% on reducing balance
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
VAT
The charity accurately calculates VAT on cost and sales regarding its trading part of the charity. Where costs are apportioned these are done on a reasonable basis and only recovering VAT on the element applicable to the trade.
Freehold Property
Page 8
The Universal White Brotherhood UK
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES - continued
VAT
Freehold property are stated at their revalued amounts, being the fair value at the date of revaluation.
2. OTHER TRADING ACTIVITIES
3.
| Book sales Post and packing INVESTMENT INCOME Rents received Tax reclaimed Deposit account interest Foreign exchange gain/(losses) |
2021 £ 5,677 813 6,490 2021 £ 8,995 4,492 513 160 14,160 |
2020 £ 5,679 1,017 6,696 2020 £ 5,115 6,085 104 (14) 11,290 |
|---|---|---|
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 906 | 918 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Page 9
The Universal White Brotherhood UK
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities UWB Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 36,157 6,696 11,290 |
|---|---|
| 54,143 12,705 30,618 918 |
|
| 44,241 | |
| 9,902 1,793,995 |
|
| 1,803,897 |
Page 10
The Universal White Brotherhood UK
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. TANGIBLE FIXED ASSETS
| COST At 1 January 2021 and 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Freehold property £ 1,750,000 - - - 1,750,000 1,750,000 |
Office equipment £ 32,544 32,486 12 32,498 46 58 |
Motor vehicles £ 11,690 9,113 859 9,972 1,718 2,577 |
Furniture and fittings £ 23,934 23,760 35 23,795 139 174 |
Totals £ 1,818,168 65,359 906 66,265 1,751,903 1,752,809 |
|---|---|---|---|---|---|
| 2021 | |||||
| £ | |||||
| Valuation at 1 April 2018 | 224,817 | ||||
| Revaluation | 1,525,183 | ||||
| Valuation at 31 December 2021 | £1,750,000 |
Freehold property was valued by Bracketts Chartered Surveyors on 21 June 2018 at £1,750,000 which is reflected in these accounts.
8. STOCKS
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Stocks | 15,402 | 13,597 |
Page 11
The Universal White Brotherhood UK
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Tax VAT 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 11. MOVEMENT IN FUNDS At 1.1.21 £ Unrestricted funds General fund 1,803,897 TOTAL FUNDS 1,803,897 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 179,299 TOTAL FUNDS 179,299 Comparatives for movement in funds At 1.1.20 £ Unrestricted funds General fund 1,793,995 TOTAL FUNDS 1,793,995 |
2021 £ 228 4,492 582 5,302 2021 £ - Net movement in funds £ 125,059 125,059 Resources expended £ (54,240) (54,240) Net movement in funds £ 9,902 9,902 |
2020 £ 120 6,085 565 6,770 2020 £ 1,933 At 31.12.21 £ 1,928,956 |
2020 £ 120 6,085 565 |
|
|---|---|---|---|---|
| 6,770 | ||||
| 2020 £ 1,933 |
||||
| 1,928,956 | ||||
| Movement in funds £ 125,059 125,059 At 31.12.20 £ 1,803,897 |
||||
| 1,803,897 |
Page 12
The Universal White Brotherhood UK
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 54,143 TOTAL FUNDS 54,143 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.20 £ Unrestricted funds General fund 1,793,995 TOTAL FUNDS 1,793,995 |
Resources expended £ (44,241) (44,241) Net movement in funds £ 134,961 134,961 |
Movement in funds £ 9,902 9,902 At 31.12.21 £ 1,928,956 |
|---|---|---|
| 1,928,956 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 233,442 233,442 |
Resources Movement expended in funds £ £ (98,481) 134,961 (98,481) 134,961 |
Resources Movement expended in funds £ £ (98,481) 134,961 (98,481) 134,961 |
|---|---|---|---|
| 134,961 |
Page 13
The Universal White Brotherhood UK
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 14
The Universal White Brotherhood UK
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Subscriptions Doves Nest contributions Other trading activities Book sales Post and packing Investment income Rents received Tax reclaimed Deposit account interest Foreign exchange gain/(losses) Total incoming resources EXPENDITURE Other trading activities Purchases Printing and Stationery Computer and Broadband Motor expenses Travel and accommodation Exhibition costs Self Employed labour Carriage Transport and import costs Accountancy Bank charges Credit card charges Charitable activities Rates and water Carried forward |
2021 £ 15,657 139,735 2,600 657 158,649 5,677 813 6,490 8,995 4,492 513 160 14,160 179,299 2,632 292 2,122 1,189 1,940 158 1,200 1,204 840 1,353 140 279 13,349 4,249 4,249 |
2020 £ 21,739 10,389 3,635 394 36,157 5,679 1,017 6,696 5,115 6,085 104 (14) 11,290 54,143 2,836 524 2,240 1,769 248 396 1,200 1,368 142 1,315 168 499 12,705 4,529 4,529 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 15
The Universal White Brotherhood UK
| Charitable activities Brought forward Insurance Light and heat Household and food Meeting expenses Telephone Postage and stationery Repairs and Property Maintenance Grounds Maintenance Other Depreciation of office equipment Motor vehicles Depreciation of furniture and fittings Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
2021 £ 4,249 3,794 11,149 9,534 265 2,271 62 6,828 1,833 39,985 12 859 35 906 54,240 125,059 |
2020 £ 4,529 4,194 8,885 8,138 - 2,448 95 1,875 454 |
|---|---|---|---|
| 30,618 15 859 44 |
|||
| 918 | |||
| 44,241 | |||
| 9,902 |
This page does not form part of the statutory financial statements
Page 16
The Universal White Brotherhood UK The Doves Nest Duddleswell Uckfield East Sussex TN22 3JJ
Our Ref: JG/U021 01 April 2022
Dear Sirs
During the course of the preparation of your accounts for the period ending 31 December 2021 the following representations were made to us by the management and directors. Please read these representations carefully and if you agree with our understanding please sign and return a copy of this letter to ourselves as confirmation of this.
Representation
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You acknowledged as directors that you have fulfilled your responsibilities under the Companies Act 2006 for making accurate representations to ourselves and for the accounts which we have prepared for the company.
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You confirmed that all accounting records had been made available to us for the purpose of preparing the company’s accounts and that all the transactions undertaken by the company had been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders’ meetings, had been made available to ourselves.
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You confirmed that the company had no liabilities or contingent liabilities other than those disclosed in the accounts.
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You confirmed that there have been no events since the balance sheet date which required disclosing or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
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You confirmed that the company has agreed to provide the following loan facilities to the following directors during the year:
| Name of director | Maximum amount available to the director |
Interest charged on borrowings |
|---|---|---|
| -NA- |
All amounts borrowed by directors are repayable to the company on demand and within 9 months of the above period end at the latest.
It has been agreed with the directors that, unless specified otherwise in the books and records, all amounts drawn from the company are repayable loans in line with this agreement.
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Other than as set out above and disclosed in note to the accounts, you confirmed that the company has had, at no time during the year, any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for directors, nor to guarantee or provide security for such matters.
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You confirmed that the related party relationships and transactions set out below are a complete list of such relationships and transactions and that you are not aware of any further related party matters or transactions.
Party Relationship Nature of transaction
You confirmed that you were aware that a related party of the company is a person or organisation which either directly or indirectly controls, has joint control of, or significantly influences the company or vice versa and as a result will include: shareholders (as a guide with more than 20% of the voting rights), directors, other key management, close family and other business interests of the previous.
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You confirmed that the company has not contracted for any capital expenditure other than as disclosed in the accounts.
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You confirmed that there are no companies associated with this company for tax purposes other than the companies set out below.You confirmed your understanding that companies are associated for tax purposes if they are under the control of the same person or persons and that for this purpose a person might be treated as one and the same person as: a close relative; a business partner; a trustee of a settlement of which the person or a relative was the settlor; and any company in which any of these is also a shareholder.
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You confirmed that there are no laws or regulations that are central to the company’s ability to conduct its business.
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You confirmed that, having considered your expectations and intentions for the next twelve months and the availability of working capital, the company is a going concern.
Yours faithfully
Ward Mackenzie Ltd
Ward Mackenzie Ltd
We confirm that we have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the directors during the course of preparing the company’s accounts.
Yours faithfully
………………………………………… On behalf of the board of directors The Universal White Brotherhood UK