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2023-12-31-accounts

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 2023

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 2023

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 13
Detailed Statement of Financial Activities 14 to 15

The Universal White Brotherhood UK

Report of the Trustees for the Year Ended 31 December 2023

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 2023. 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 at least £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 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Universal White Brotherhood UK changed its constitution and incorporated as a Charitable Incorporated Organisation 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

niv e Brtstheth￿d UK Re rt of the Tnjstees 31 ecember 2023 REVIEW OF THE ACCOUNTING PERIOD The clwity'5 principal asset is The Doves Nesi irs headquarters and Spititual retreat centre located in tbe Asbdown near UckfJ¢ld in East Sussex. The property w85 gifted to the old charÉty u￿n its inception in 1985. It was revaLued when the ets tsf old charity traDsferred to the new one and its market value was theo assessed in accordance with the RICS Valuation Global Standard$ 2017, at £1,750.0(K>. To efftct the transfer of a&8ets to the new charity it was also necessary to ¢leara]l out&tandin8 long terni loan debt. Whilst the ¢hatiry is heavily dependent urK>n donations to help fulfil ats objectives, it receives some income from its tradin8 . Prosyeta UK whi¢h th"sttibutes, via websiie and rnail order, tsallslatitsns of the Teachings literatLUf as well as audio and video rna￿181. TttrtLover for the year was £4,409 which was disappointingly by 230/0 on that of the i&st Y￿ slld ¢ontiuues to refiect the chall¢DgiDg market ¢onditions fordis¢r¢tionary pllblications. The restdential accommo(kntion at The Dove5 Nest 15 available to members and non-members over the weekends of our monthly meetings and also during the long¢r ¢ongr¢ss¢s which are usually held severa] tim￿ a year. During 2023 the post Covid progjwntlle of weekend meetings and Congres￿ was well attended, highlighted by the spring's insthEctional meetings for sacred musiclsingtng and Panevrythmy dan¢in& itsctsme has been b0tsst￿ by rental receipts from a number of membcTS who are ¢urrently residing ltsng term. This resulted irt an increase of income from this sowce of some 44Yfj. up from £17305 I￿yeaT to £24,853. Th¢ charity Tnauned stallits for Prosveta at holistic health festivals ID lJk]ey West yorkshi￿ and East Sussex a￿thn this year. Travelling disrnptions continue to ¥ffeGt the level of attendance at out Celltral IA)ndon tneetings. IDternet kchDology> however. bas enabled rnore outreach to be conducted online. Our AGM in jw￿ was ¢ondu¢ted both at The Dov¢$ Nest and tsverzoom for those members unable to att￿d in person. tncorne receipts from subscriptio￿S donations amounied 10 £20.750. Gift-asdittg #150 enabled & total ￿ reclaim of £3,702 from HMRC foi 2023. Maintenan¢¢ expendiwre for the property and wull¢l% ￿ The Dove5 Nest was contained at r2,375 with no ￿aJor works needing to be carried out. En¢r8y costs, howeY¢r, ros¢ 14¢/0 from £13,855 to £15,811 due n￿ltilY to the i1￿c9sed ¢ost and use of ele¢tri¢ity rather than io that of hrating oil. exccss of Expendittur over Income of sorne £5.550 was posted for the year but the charitys i￿veS￿nen( bank & cath balances 5t(K>d at £142.715, £80,000 of wbich was invested in a new 2 year ¢hariry bond which will yield a Tea8onabl¢ illterest payment for 2024. We believe tb&t th¢ charity is thus 5aiisfactorily placwj to meet tbe practi￿1 alld fJnaTKiat challenges of the Dext rewYe￿￿ Approved by order of th¢ board of twstees on 20 May 2024 and signed on its beh￿rbY.. J Morgan- Tntstee Page 3

Inde ndeat Examinevs rt to theTru5tee5 of The Universal Whtte Bro Indeptndent examiner's report to the trustees of The Universal Wbite Brotherhood UK {'the Company.) I report io the charity tr￿${te$ on my examinati¢)n of the aeeounts of the Company for the year ended 31 De¢ember2023. Responsibilitit5 ba515 of reptsrt As tILe charitys trnstees of the Company (and also its directors for the pu4)oses of company law) yoll are resw)n5ible for the preparation of the a¢¢ourtts iti accordan¢e with the requisements of the CompaDie5 Act 2(KJ6 ('the 2006 Act?. Having satisfied myself that the acc4)wits of tbe Co￿panY aTE Th)t required to be audited under Part 16 of the 2006 Act and eligible for independent txarnination, I report in rcspect of my examijjation of your cbarity's accounts as carried OLrt under Section 145 of the Charities Act 2011 ('the 2011 Act,). In ¢anying my examination I have followed the Directions given by the Charity Con]mis5iOll u[￿eT Section 14515) Ib) of the 2011 Act. llldependellt e￿mIller'S statement I hav¢ wmpleted my examination. I ¢onfwm that no matters hav¢ ¢om¢ w my attentioll ill COt￿¢¢tion with the examination giving me ca]Jse to believe.. ac¢ountiHg records were not kept 11] respect of the Cornp￿Y as rcquired by Scction 386 of the 2(K)6 A¢L' or the accounts do not accord with those records. or the accounts dts not comply with the a¢¢ountiTJg tequireTnents of Seetioll 396 tsf the 2006 Aci other than any requirement that th¢ accounts give a Irue and fair view whi¢h is not a matter ¢onsidered as part of #n independent examination. or accouDts bave not been prepared accordance with th¢ rnethods and principles of the Statement of Recornmended Pra¢ti¢e fot accounring and reporting by ¢hariti¢s {appli¢able to charities preparing their accounts in accordance with the Fin￿)CIal Rqx)rting Standard appltcable in the UKand Republic of ]rela#d (FRS 102)). I have no concerns and bave come acro&s no other lljatters iD conlkection with the examinatiOD to which attet)tion should be drawn in this report in order to enable a prow understanding of the accounts to be Tea¢hed. Ward Mack¢J]zi¢ Ward Mackenzie Ltd Chartered Accountsnts ThatcherHouse 12 Mouut Ephrnim Tunbrid8e Wells Kent TN4 8AS 20 May 2024 Pa8e 4

The Universal White Brotherhood UK

Statement of Financial Activities for the Year Ended 31 December 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Charitable activities
Prosveta
UWB
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2023
Unrestricted
funds
£
20,750
4,461
30,042
55,253
15,311
135
44,469
888
60,803
(5,550)
1,917,268
1,911,718		 2022
Total
funds
£
23,017
5,792
22,400
51,209
14,662
-
47,339
896
62,897
(11,688)
1,928,956
1,917,268

The notes form part of these financial statements

Page 5

The Universal White Brotherhood UK

Balance Sheet

31 December 2023

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		 2023
Unrestricted
funds
£
1,750,118
14,061
4,825
142,714
161,600
-
161,600
1,911,718
1,911,718
1,911,718
1,911,718		 2022
Total
funds
£
1,751,006
14,696
4,727
147,375
166,798
(536)
166,262
1,917,268
1,917,268
1,917,268
1,917,268

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2024 and were signed on its behalf by:

The notes form part of these financial statements

Page 6

continued...

The Universal White Brotherhood UK

Balance Sheet - continued 31 December 2023

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 2023

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

continued...

Page 8

The Universal White Brotherhood UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

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

Book sales
Post and packing
3.
INVESTMENT INCOME
Rents received
Tax reclaimed
Deposit account interest
Foreign exchange gain/(losses)
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2023
£
3,995
466
4,461
2023
£
24,853
3,702
1,538
(51)
30,042
2023
£
888		 2022
£
5,213
579
5,792
2022
£
17,305
3,621
1,499
(25)
22,400
2022
£
897

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

continued...

Page 9

The Universal White Brotherhood UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

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/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 January 2023 and
31 December 2023
1,750,000
DEPRECIATION
At 1 January 2023
-
Charge for year
-
At 31 December 2023
-
NET BOOK VALUE
At 31 December 2023
1,750,000
At 31 December 2022
1,750,000		 Office
equipment
£
32,544
32,508
7
32,515
29
36		 Motor
vehicles
£
2,577
1,718
859
2,577
-
859		 Furniture
and
fittings
£
23,934
23,823
22
23,845
89
111		 Unrestricted
funds
£
23,017
5,792
22,400
51,209
14,662
47,339
896
62,897
(11,688)
1,928,956
1,917,268
Totals
£
1,809,055
58,049
888
58,937
1,750,118
1,751,006

continued...

Page 10

The Universal White Brotherhood UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

7. TANGIBLE FIXED ASSETS - continued

2023
£
Valuation at 1 April 2018 224,817
Revaluation 1,525,183
Valuation at 31 December 2023 £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

Stocks
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 1.1.23
£
Unrestricted funds
General fund
1,917,268
TOTAL FUNDS
1,917,268		 2023
£
14,061
2023
£
291
3,702
832
4,825
2023
£
-
Net
movement
in funds
£
(5,550)
(5,550)		 2022
£
14,696
2022
£
208
3,621
898
4,727
2022
£
536
At
31.12.23
£
1,911,718		 2022
£
14,696		 2022
£
14,696
2022
£
208
3,621
898
4,727
2022
£
536
1,911,718

continued...

Page 11

The Universal White Brotherhood UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
55,253
55,253
At 1.1.22
£
1,928,956
1,928,956		 Resources
expended
£
(60,803)
(60,803)
Net
movement
in funds
£
(11,688)
(11,688)		 Movement
in funds
£
(5,550)
(5,550)
At
31.12.22
£
1,917,268
1,917,268

Comparative net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
51,209
TOTAL FUNDS
51,209
A current year 12 months and prior year 12 months combined position is as follows:
At 1.1.22
£
Unrestricted funds
General fund
1,928,956
TOTAL FUNDS
1,928,956		 Resources
expended
£
(62,897)
(62,897)
Net
movement
in funds
£
(17,238)
(17,238)		 Movement
in funds
£
(11,688)
(11,688)
At
31.12.23
£
1,911,718
1,911,718

continued...

Page 12

The Universal White Brotherhood UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 106,462 (123,700) (17,238)
TOTAL FUNDS 106,462 (123,700) (17,238)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 13

The Universal White Brotherhood UK

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
Bad debts
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		 Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
2023
2022
£
£
11,530
11,735
5,133
6,622
2,735
3,770
1,352
890
20,750
23,017
3,995
5,213
466
579
4,461
5,792
24,853
17,305
3,702
3,621
1,538
1,499
(51)
(25)
30,042
22,400
55,253
51,209
2,108
2,597
31
6
476
1,094
2,573
2,301
1,296
2,189
3,474
1,572
1,188
635
1,200
1,200
804
796
85
225
1,502
1,430
251
353
323
264
15,311
14,662

This page does not form part of the statutory financial statements

Page 14

The Universal White Brotherhood UK

Other trading activities
Charitable activities
Rates and water
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 expenditure		 Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
2023
2022
£
£
4,258
4,548
6,204
5,311
15,811
13,855
11,487
17,222
744
409
3,725
2,414
-
90
2,375
2,575
-
915
44,604
47,339
7
9
859
859
22
28
888
896
60,803
62,897
(5,550)
(11,688)

This page does not form part of the statutory financial statements

Page 15

The Universal White Brotherhood UK The Doves Nest Duddleswell Uckfield East Sussex TN22 3JJ

Our Ref: RK/U021 20 May 2024

Dear Sirs

During the course of the preparation of your accounts for the period ending 31 December 2023 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

  1. 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.

  2. 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.

  3. You confirmed that the company had no liabilities or contingent liabilities other than those disclosed in the accounts.

  4. 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.

  5. 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
N/A

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.

  1. 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.

  2. 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.

  1. You confirmed that the company has not contracted for any capital expenditure other than as disclosed in the accounts.

  2. You confirmed that there are no companies associated with this company for tax purposes. 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.

  3. You confirmed that there are no laws or regulations that are central to the company’s ability to conduct its business.

  4. 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

Date: .................................................. 22 May 2024