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2023-12-31-accounts

The Co-operative Heritage Trust Charitable Incorporated Organisation

Annual Report and Accounts for the period ended 31 December 2023

Registered Charity Number 1179727

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Contents

Legal and Administrative Details ........................................................................................ 3 Structure, Governance and Management .......................................................................... 5 Chair`s introduction............................................................................................................ 7 Trustee’s Annual Report .................................................................................................... 8 Statement of Trustees’ responsibilities in respect of the Trustees’ annual report and the financial statements ......................................................................................................... 19 Independent Auditors’ Report to the Trustees of the Co-operative Heritage Trust ........... 20 Statement of Financial Activities for the period ended 31 December 2023....................... 24 Balance Sheet as at 31 December 2023.......................................................................... 25 Notes to the accounts ...................................................................................................... 26

Legal and Administrative Details

Name: The Co-operative Heritage Trust Charity Number: 1179727 Registered Office: 117 Holyoake House Hanover Street Manchester M60 0AS Operating Addresses: National Co-operative Archive Rochdale Pioneers Museum Holyoake House Toad Lane Hanover Street Manchester Rochdale M60 0AS OL12 0NU Independent Trustee Anthony Webster (Chair) Elected as Chair 11[th ] July 2023 Independent Trustee Heather Roberts (Chair) Resigned as Chair and from board 12[th ] June 2023 CUK Founder Trustee Acting Chair interim 12[th ] June to th Tanya Noon (Vice Chair) 11 July 2023

CUK Founder Trustee Clare Dalton Co-op Group Founder Paul Gerrard Trustee Co-op Group Founder Edward Powell Trustee College Founder Trustee John Boyle College Founder Trustee Christopher Jardine Independent Trustee Dr Alessandro Bucci Independent Trustee Professor Stephen Milner Joined 17[th ] May 2023 Independent Trustee Dr Alexandra Mitchell Joined 1[st ] September 2023 Independent Trustee Ian Adderley

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Secretary: Helen Ashley Taylor

Bankers: Co-operative Bank Plc

Balloon Street Manchester M60 4EP

Investment Managers: Churches Charities and Local Authorities Investment Management (CCLA)

1 Angel Lane London EC4R 3AB

External Auditors: Beever and Struthers

Chartered Accountants and Registered Auditors Suite 9B

The Beehive Lions Drive Shadsworth Business Park Blackburn BB1 2QS

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Structure, Governance and Management

Status and Charity Number

The Co-operative Heritage Trust was founded in 2007 and is registered with the Charity Commission as a Charitable Incorporated Organisation (registration date 29 August 2018).

Governing Document

The charity is administered in accordance with the constitution dated 29 August 2018.

Trustees and Officers

Under the constitution of the CIO (20[th ] February 2020), trustees of the Co-operative Heritage Trust are nominated by the three members of the charitable incorporated (formerly unincorporated) organisation, being the Co-operative College, Co-operatives UK and the Cooperative Group. These nominations (found above) are ratified by the other founders.

Under the CIO the three members of the charitable incorporated organisation, being the Cooperative College, Co-operatives UK and the Co-operative Group can nominate up to two trustees each. Nominations are ratified by the other founders. Further, up to five independent trustees may be appointed through recruitment to strengthen the knowledge, skills and experience of the Trust Board, in line with its purposes.

Appointments are ratified by founders.

Recruitment and Training of Trustees

Trustees are appointed based on their expertise in co-operative heritage and charitable organisations. The Trustees have received an appropriate induction and ongoing training support is kept under review by the Trustees.

The Trustees have renewable fixed terms of office and provide for succession through identifying new Trustees with appropriate skill sets.

Organisational Management

The day-to-day operational management of the Trust - the Rochdale Pioneers Museum and National Co-operative Archive is delegated to the Trust Manager with line management support from the Chair of Trustees.

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Public Benefit

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to public benefit guidance by the Charity Commission in delivering the activities undertaken by the Charity.

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Chair`s introduction

This report covers the period from 1st of January to the 31st December 2023- and represents the first full year of unrestricted operations for the charity post-covid. The financial reporting for the period highlights several key points.

On the positive side, income is slightly up on that of 2022, but its sources are significantly different: Due to a higher level of individual donations and larger grants compared to the previous year, higher numbers of school bookings and hires of space, with some increases in merchandising. Changing investment managers has resulted in a higher level of performance and more predictable income but some other sources of funding have contracted during the period.

Rising costs have categorised the period covered, with lower levels of corporate donation towards unrestricted funds, and expenditure on maintenance and utilities costs in a depressed financial climate. Staffing and governance expenditure increases due to filling posts and widening the scope of operations as well as ensuring salary benchmarking to minimise risk have also had some impact.

Given the high levels of inflation in the markets, these rising costs are unsurprising. The contraction in corporate donations is certainly something upon which we must act – especially by raising awareness generally within the movement of the huge value and potential of our heritage resources to co-operators everywhere. This is something the Trust is committed to as part of its increasing pivot towards supporting the UK and international movement.

2024 is more promising, with a predicted increase in tourism to Rochdale which should enhance visitor numbers significantly, and new opportunities are likely to arise as the town’s regeneration programme proceeds. An important objective is to strengthen the diversity of our audience in Rochdale.

There remain uncertainties around the long-term location of the Archive, and these are in the process of being resolved, though firm news is still awaited. Of course there is a significant risk in this. In brief – a challenging year, but one which the Trust has weathered well, though clearly there is work to be done in raising our profile. May I extend my thanks to Liz and the team for the excellent and hard work they have done this year; thanks are also due to the outgoing Chair Heather Roberts and to my fellow trustees for their commitment and time during the period.

Professor Anthony Webster

Chair of Trustees

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Trustee’s Annual Report

Review of the period 1[st ] January to 31[st ] December 2023

The following report details the way in which the Trust has operated regarding all strategic and operational considerations in the period under review.

Objects and Activities

Charitable Objectives

The objects of the Charity as defined in the Trust Deed are as follows:

The Trustees shall hold the capital and income of the trust fund upon trust as to the income, and all such part or parts of the capital, as the founder may by notice in writing to the Trustees determine for the following objects:

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The activities of the Trust work towards two key outcomes:

Charitable Objectives:

1. To increase activity and promote understanding of co-operative collections and materials.

The Trust is committed to maintaining its Museum Accreditation status and has embedded recommendations from the previous award of 2020: To review methods of fundraising as well as a strategy for future collecting and communication with users through a wide range of different methods, including social media. The impact of a highly publicised report around thefts from the British Museum in August of 2023 has increased the level of scrutiny around collecting practices and accountability for collections in the sector as a result. Although CHT collections are not thought to be at any increased level of risk, the incident has highlighted the need for organisations to audit collections practices and take into account any recommendations the Arts Council Accreditation scheme may make.

In line with best practice and to explore a more sustainable future for both archival and museum collecting, the Trust is working with local partners in Rochdale to build capacity towards a different business model of operation in Greater Manchester. It is recognised that it is unsustainable to operate two sites with associated costs of increasing rent and increased pressure on space and staff to add to and work with collections. Addressing the future strategy for the Trust and the financial viability of a two-site operation requires the collections to be in a better condition to prepare for any re-location which may become necessary through changing business models at Holyoake House or a more viable offer in Rochdale through supportive cultural partnerships.

During the period, grant funding was used to support external review and support for fundraising needs and to build a case for support which could be used in applying for specific project grants as well as capacity building and capital projects. IMPACT Fundraising produced a report for Trustees to highlight areas where the Trust could maximise charitable income and develop an ‘ask’ for corporate partners to help fund major developments as well as core costs. This fundraising toolkit will be used to support bids and communications with the movement to secure funding for core activities as well as special projects.

During the period, access to existing external stores in Rochdale was slightly improved due to changes to YourTrust activity due to the closure of Touchstones Museum for renovation. This has allowed the Collections Manager to have a better level of access to collections for operational and strategic purposes. However, space in external stores remains at a premium and costs relating to changing exhibitions at the Toad Lane site continue to be a factor in how the space and collections are used to balance visitor engagement with income generation and maintenance needs.

To continue to offer a high level of service and attract visitors in person as well as maintain income generating hires, it is understood that wear and tear and replacement of key plant and equipment will be required as part of a rolling programme which will form part of the rationale behind fundraising campaigns in the future.

The Trust has reviewed the ways in which it can approach engagement with a wider audience considering the changes to traditional visiting trends. Visiting figures have increased at both sites but is reflective of a traditional audience demographic. Strategy and policy has been developed to use social media to reach a younger and more diverse

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demographic as a mainstream audience in ways which are financially viable. Future approaches for developmental funding should focus on improving the youth and diversity representation in the work the Trust does.

Considerations of equality and diversity are key for the future of both the museums / cultural sector as well as the co-operative sector and the Trust remains committed to embedding anti-racism and tackling unconscious bias in the work it does. The issue of representation of diversity affects the approach to governance, workforce, operations and strategic development and is recognised as a continued area for development.

2. Creating opportunities to present and interpret our heritage.

Outreach in the period: Museum based events and projects:

During the period, the Trust’s Education and Outreach Officer continued to work on a part time basis due to personal circumstances and therefore the charity used the resource to focus on the development of school resources and workshops as these had struggled to recover to pre-pandemic levels.

As part of its strategic focus on the representation of co-op in the regions, CHT supported the CWMPAS development of a pilot for the Welsh Curriculum to complement careers and work related experience in April 2023: The module will be available to all schools in Wales and will focus on understanding the role of co-operatives within the economy and focusing on social impact, health and wellbeing, fair work, and a greener environment .

The first of a series of learning ‘Loans Boxes’ was developed with funding from Action Together Rochdale and Oldham to create a travelling trunk based on the life of Rochdale Pioneer Samuel Ashworth in May.

Some community outreach initiatives were continued, but only where this could be supported ‘in-house’ or through supportive external funding because of a decision to reduce fixed costs. One of these was ‘Digital Skills’ – A 12-week funded programme for recent arrivals to Rochdale and people with refugee status to learn basic IT skills, in partnership with Caring and Sharing Social Enterprise and the Rochdale Digital Strategy Team.

The Museum continued to offer school holiday workshops funded by Rochdale Council through the HAF (Healthy and Fed) for children in receipt of free school meals and a series of community interventions for families in local deprived wards of Kirkholt and Middleton. As part of the programme, families were required to book through a centralised system and all providers had to ensure that staff were appropriately safeguarding trained.

Other funded projects included the Museums Development Northwest and Garfield Weston Green Fund ‘Wild Escape’ programme in Rochdale focusing on animals and birds in museum collections in connection with climate responsibility and Earth Day (April 22[nd] ). The Trust’s programme explored the former use of 31 Toad Lane as a pigeon suppliers store prior to being opened as a museum and the natural and social history of pigeons culminating in a public sculpture at Number One Riverside, Rochdale.

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Outreach in 2021: National Co-operative Archive

During the period our Archivist Jane developed opportunities to connect with academic institutions to offer students on different cohorts of related study (Archives and Libraries, Museums and Heritage Studies) regular volunteering and managed placement hours.

The Archive (CHT) joined the ‘Hidden Network’ formerly known as the ‘Hidden 8’ museums or libraries in Manchester City Centre to support cross promotion and peer support. https://www.thehidden8.com/about2

As part of commitment to the activities of the network to promote and share audiences, CHT participated in the annual Manchester Histories event in June held at Manchester Central Library to showcase film, materials and volunteering opportunities.

The Archives HUB supported by JISC (digital data and technology charity for education) central directory of collections with descriptions was subject to a major cyber-attack during the period which prevented users from being able to update it. The result of this is a level of uncertainty around best practice and accessibility of collections if the model changes to an alternative and charged form of database.

During the period, talks and presentations in Holyoake House and externally have been offered and numbers of enquiries and users in person have increased considerably as a result. A workshop on women in archives was delivered as part of Co-operative Congress (during Co-operatives Fortnight) on the importance of recording female experiences in the co-operative movement.

Some outreach and engagement work has been done with organisations developing former co-op buildings or narratives in other locations including: The Scottish Co-operative Discovery Centre in West Calder (Lothian), The Black Country Living Museum (Dudley) and for wider audiences through media around the development of supermarket self-service and Channel 5’s ‘The 1970’s Supermarket at Christmas’ (20[th ] December 2023).

Other opportunities

As a result of the closure of Rochdale Town Hall and of Touchstones Museum, there are limited meeting spaces available in Rochdale and use of the museum learning loft has increased the percentage of income the Trust has been able to generate as revenue. Some bookings have been for extended periods or ‘whole building’ exclusive use hires. PINC College are an alternative educational provider for young people with SEND requirements and used the museum building on regular Fridays for their work experience cohort on a termly basis 2023-2024.

CHT became a member of the CCIN (Co-operative Councils Innovation Network) as an affiliate member on the Values and Principles Board in order to raise the profile of the Trust, its work and better understand the ways in which heritage and education offer can be developed in partnership with co-operative councils.

Shop sales and point of sale: The Museum Team developed a new range of merchandise and an alternative point of sale for selling on site in order to reduce costs and improve revenues. Limitations to online selling through our own platforms remain as a result of poor access to storage for bulk merchandise and reliance on a small staff team to manage mailed sales.

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A corporate donation partnership was developed with Central England Co-operative in the period for a ‘heritage shopping bag’ of which a 50p donation would go to the Trust. The launch of the bags was delayed and marketing around the units in stores was limited so the anticipated revenues were lower than expected and not received within the accounting period. A second version of the bags and associated promotion is therefore planned for 2024.

Future Plans

Strategic Priorities

  1. Location and long-term collections needs for the Trust : The board resolved that due to financial limitation and inability to expand holdings, the business plan and strategy over the next 2-3 years must reflect a change in the way the Trust operates. Increased digitisation will be a target of the plan which will require some targeted funding, as will reduction in liability and risk around dual locations of operation which is reliant on mutually sustaining partnerships with peer organisations in Rochdale as an ACE ‘Priority Place’ for investment. The costs and infrastructure around digital presence and digital archiving should be a major consideration in terms of the legacy of funding bids.

  2. Financial sustainability : The Trust needs to develop different relationships within the movement based on generating a higher level of income from its activities in order to show value for money to its supporter base. Increasing revenues through better return on investments and a higher rate of sale of goods and services can reduce the impact of deficit but cannot be a sustainable solution given increasing operating costs and costs of maintaining the heritage assets to a high standard. Fundraising for specific activity can support aims and objectives but not remove the financial risk of operating with a large deficit, so the Trust will prioritise passive income generation and funding bodies which offer a level of core and legacy funding.

The ongoing financial liability of operating in two locations must be weighed against the financial risk of relocating to alternative commercial space and for this reason, the Trust must prioritise partnership models in considering a move to Rochdale associated with a capital re-development.

  1. Audience development: The Trust must continue to build on diverse audiences in person and through other channels and build relationships with key stakeholder groups into operational and strategic decision making. The Trust will do this through working in partnership with organisations to support their engagement outcomes and build in governance support and audience development into funding bids and future business plans. The Trust is aware that traditional forms of interpretation are coming towards the end of their useful life (museum displays, interactives). Development projects which are externally funded are increasingly reliant on co-curation as essential to the process and the time and costs to build

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relationships to support this must be taken into account when planning any such work in the future.

  1. Relationships in the Co-operative Movement: The Trust will continue to work with other stakeholder organisations representing the co-operative movement in the UK to meet its aims at home and internationally. The Trust intends to continue to share space at Holyoake House with Co-operative College and Co-operative Press and engage with the New Era agenda for co-operative events, training and development by participating in the International Co-operative Working Group (ICWG) as well as through membership of the Co-operative Councils Innovation Network (CCIN) as part of its values and principles board in order to maintain the position of the Trust as a cornerstone of the movement.

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Our people Employees

The Trust experienced a higher than usual level of staff turnover during the period which had an impact on general operations and strategic targets.

Oliva Smith (Visitor Experience and Operations Officer PT) resigned in April.

Danielle Sherwood (Visitor Experience and Operations Officer PT) resigned in July.

Thomas Smith (Visitor Experience and Operations Officer PT) resigned in October.

Catherine Jessop (Education Officer 21 hours per week) resigned in December.

The Trust would like to thank these former members of staff for their contribution to its work in the period.

Staff development :

During the period, resilience funding from The National Archives allowed the Trust to pay Danielle Sherwood (Museum Visitor Experience Officer) to work an additional day at the archive in a supervisory capacity to support Archivist Jane Donaldson to complete essential collections description tasks.

Clare Hirst (Collections Manager) took a sabbatical from January to April to take up a role with the University of Manchester’s Collections Team as part of the Teaching and support for the Institute of Cultural Practices in Museum Studies and in order to further her professional development in collections management.

The Trust conducted a pay review at the end of the period based on sector recommendations to address the cost-of-living impact on staff retention and recruitment of key roles as a result of staff attrition and difficulty in recruiting effectively for roles. The Trust acknowledges that the size of the staff team and the part time hours mean that there is little margin for error on safe staffing and that being able to ensure continuity is key to the ability of the Trust to meet its charitable objectives.

Volunteers:

During the period, the Trust has increased its volunteering opportunities – particularly in support of archive collections. This has primarily been focused on students in heritage and archive programmes working regular placement hours to document and catalogue collections through the Institute for Cultural Practices (ICP) at the University of Manchester to offer a minimum of 20 days working towards MA qualifications in related fields.

Museum collections have also been supported by agreed work placements for students supervised by our Collections Manager.

We would like to thank remote, in-person volunteers and local partners who have made a vital contribution to the work of the Trust during the period.

Charity Governance Code

The Trustees have reviewed and adopted the Charity Governance Code and continue to make changes to policy and procedure based on best practice and training available for

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Trustees. During the period, the Trust inducted new board members and offered governance as well as charity finance training provided by Beyond Profit UK.

Internal Control

The Trustees are ultimately responsible for the Trust’s system of internal control and for reviewing its effectiveness. Such a system is designed to manage rather than eliminate the risk of failure to achieve the charity’s business objectives and can provide only reasonable and not absolute assurance against material misstatement or loss.

Key procedures have been established, providing effective internal financial control. These include:

Risk Management

The Co-operative Heritage Trust has an active risk register which is reviewed on a quarterly basis and in the event of a new risk emerging: The key risks are subject to change in level of risk but have been identified as:

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Related Party Transactions

The Co-operative Heritage Trust has three founder members – The Co-operative Group, Co-operatives UK and The Co-operative College.

The Archive and Museum’s services are used by the departments of the Co-operative Group, one of the founders of the Trust. Where major activity is involved, charges are made by the Trust, smaller amounts of activity are included in the general costs and operation of the Archive and Museum.

The Co-operative Heritage Trust rents office and archival space from Co-operatives UK to House the National Co-operative Archive, the Archive Office and the Co-operative Group Archive.

The Co-operative College has retained a physical presence at Holyoake House in Manchester, although at a reduced capacity since 2020 and is able, as a registered charity to use the charitable rate offered for booking hire space and services for direct delivery at Rochdale Pioneers Museum.

Conflicts of interest were managed through the Conflict of Interests Policy within the terms of the Co-operative Heritage Trust’s Trust Deed during the period. For further details of related party transactions please see Note 20.

Public Benefit

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to public benefit guidance by the Charity Commission in delivering the activities undertaken by the Charity.

Finance Review

2023 remained challenging for the Trust with costs increasing but no corresponding increase in income. The overall result for the year, before investment gains was a loss of £256,943. After investment gains of £124,031 the result was a loss of £132,462 which is a significant improvement on the prior year loss of £550,102.

Income increased slightly to £111,172 from £96,306 in 2022. This was mainly due to increased returns on investments and the receipt of a grant from The National Archives to increase the resilience of the archive.

Expenditure in the year increased from £329,295 in 2022 to £367,665 in 2023. Some of this increase was due to grant referenced above which also helped support some fundraising consultancy with the remainder being increase in staffing costs and overall running costs.

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Investment Policy and Performance against Objectives

As detailed in the 2022 report the Trustees reviewed their investment managers during the period and moved from Royal London to CCLA.

In the period the investments in a Sustainable Diversified Fund managed by Royal London Asset Management were transferred to Churches, Charities and Local Authorities (CCLA) Ethical Investment Fund. This has resulted in an increase in dividends received as well as increased growth.

Reserves Policy

The current value of free unrestricted reserves remains negative at £171,271. This figure has been calculated as follows:

Unrestricted funds
Less unrestricted fixed assets
Free unrestricted reserves		 £
(80,496)
90,775
(171,271)

The Trust also holds £2,829,048 in endowment funds. The endowment funds held relates to the Rochdale Pioneers Museum premises at 31 Toad Lane, Rochdale and an expendable endowment funds that is to be invested in order that the interest and gains arising from this is used in the furtherance of the charity’s objects.

This expendable endowment is currently held in the form of investments. This investment is used to fund the ongoing operations of the charity. At the current time the fund is decreasing by more than the combined interest and gains each year.

Heritage Assets

Under FRS 102, Section 34, Heritage Assets should be valued at cost or valuation. However, such assets can be exempt from capitalisation if the cost of obtaining a valuation significantly outweighs the benefit or there is no reliable cost information available. Where there are costs attributed to obtaining and restoring Heritage Assets the Trust will look to capitalise them, but the vast array of archive collections and museum artefacts were donated and have not been valued within these accounts.

The Archive and Museum assets of the Trust consist of a substantial archive collection together with museum artefacts and the premises at 31 Toad Lane, Rochdale. In accordance with FRS102 the Trustees have determined that these premises, the Rochdale Pioneers Museum, are the principal heritage asset, being globally recognised as the birthplace of the modern co-operative movement and as such have a significance and unique heritage qualities of indefinite life and are therefore not depreciated. The Trustees

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have determined that the external access works to the premises completed in 2012 should be depreciated over the expected life of 100 years. The Museum was donated to the Trust by Co-operatives UK in 2008. Co-operatives UK obtained the valuation of the building which the Trust was not party to therefore we do not have the date of valuation, method used nor the firm that carried out the valuation.

For further details of the Heritage Assets please see Note 11.

Going Concern

For the period ending 31 December 2023 the Trust has net current assets £221,427. Fixed asset investments are liquid enabling the Trust to convert these to cash quickly.

The fixed asset investments represent an expendable endowment This investment is used to fund the ongoing operations of the charity. Therefore, based on an assessment of future budgets and liquidity of assets, the Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.

Auditor

Each of the persons who is a Trustee at the date of approval confirms that:

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Statement of Trustees’ responsibilities in respect of the Trustees’ annual report and the financial statements

Under charity law, the Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the excess of expenditure over income for that period. The Trustees have elected to prepare the financial statements in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

In preparing these financial statements, generally accepted accounting practice entails that the Trustees:

The Trustees are required to act in accordance with the trust deed of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

Approved by the Trustees on 16 May 2024 and signed on their behalf by:

Anthony Webster

Chair of Trustees

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Independent Auditors’ Report to the Trustees of the Co-operative Heritage Trust

Opinion

We have audited the financial statements of The Co-operative Heritage Trust “the charity” for the year ended 31 December 2023 which comprise the Statement of Financial Activities, Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 19, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue

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an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s web-site at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to

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state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Suzanne Lomax Beever and Struthers Chartered Accountants and Registered Auditors Suite 9B The Beehive, Lions Drive Shadsworth Business Park Blackburn BB1 2QS

Date: 4 June 2024

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Statement of Financial Activities for the year ended 31 December 2023

NotesUnrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
December 2023
Income and endowments from:
£ £ £ £
Donations and legacies 2 24,488 - - 24,488
Charitable Activities 3,4 34,529 14,522 - 49,051
Investments 5 37,408 - - 37,408
Other income225- - 225
Total96,650 14,522 - 111,172
Expenditure on:
Raising Funds 4,785 8,724 - 13,508
CharitableActivities 6,7353,742 415-354,157
Total 358,527 9,139 - 367,665
Gains/(Losses) on investments 12 - 124,031 124,031
Net(expenditure) / income(261,876) 5,383 124,031(132,462)
Transfers between funds 124,031 - (124,031) -
Net movement in funds(137,845) 5,383 0(132,462)
Reconciliation of Funds
Total funds broughtforward 57,349- 2,829,0482,886,397
Total funds carried forward(80,496) 5,383 2,829,048 2,753,935		 Unrestricted
FundsRestricted Funds Endowment Funds
Total Funds
December 2022
£ £ £ £
29,131 - - 29,131
41,321 - - 41,321
25,854 - - 25,854
- - - -
96,306 -96,306
291 - - 291
329,004 - -329,004
329,295 - 329,295
- - (317,113) -
317,113
(232,989)(317,113)(550,102)
- - - -
(232,989)(317,113)(550,102)
290,338-3,146,1613,436,499
57,349 - 2,829,048 2,886,397

The results above relate wholly to continuing activities. The notes on pages 26 to 43 form an integral part of these financial statements.

24

Balance Sheet as at 31 December 2023

Notes
Total Funds
December
2023
£
Fixed Assets
Tangible assets
10
90,775
Heritage assets
11
1,402,874
Investments
12
1,038,859
Total Fixed Assets
2,532,508
Current Assets
Debtors and prepayments
13
20,063
Stock
14
7,283
Cash at bank and in hand
225,938
Total Current Assets
253,284
Liabilities
Creditors: amounts fallingdue within oneyear
15
31,857
Net current assets
221,427
Total assets less current liabilities
2,753,935
Total Net Assets
2,753,935
The funds of the charity
Endowment funds
17
2,829,048
Restricted Funds
17
5,383
Unrestricted funds
17
(80,496)
Total Charitable Funds
2,753,935		 Total Funds
December 2022
£
117,488
1,411,345
1,341,477
2,870,310
24,485
6,077
21,114
51,676
35,588
16,088
2,886,397
2,886,397
2,829,048
-
57,349
2,886,397

The financial statements on pages 24 to 43 were approved by and authorised for issue by the Board of Trustees on 16 May 2024 and were signed on their behalf by:

25

The notes on pages 26 to 43 form an integral part of these financial statements

Notes to the accounts

1)[Accounting]

Policies

a Basis of preparation and assessment of going concern

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared under the historical cost convention in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prepared their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), (Charities SORP (FRS 102)) and the Charities Act 2011.

Based on an assessment of future budgets and liquidity of assets the trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.

b

Critical accounting judgements and key sources of estimation

uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Trustees opinion there are no judgements other than those disclosed in the policies below.

c Income and endowments

All income is recognised when there is an entitlement to the finds, the receipt is probable and the amount can be measured reliably. General donations are recognised when they are received from the donor with the exception of donations given towards specific projects or activities. Grants are recognised when received or in accordance with the conditions set by the funding provider. Project income is recognised on actual work completed to the end of December 2023.

The Trust also sell merchandise through the shop at the Museum. Income from this is recognised at the point of sale along with the relevant cost of obtaining the goods.

d Expenditure

26

Expenditure is recognised on an accruals basis and is spent in line with the appropriate income, or in the case of core costs (staffing, rent etc.) in line with invoices and contracts of employment.

Charity expenditure enables the Co-operative Heritage Trust to meet its charitable objective. All expenditure is shown inclusive of VAT.

e Tangible fixed assets

Tangible fixed assets are stated at cost less the accumulated depreciation. Depreciation is calculated in equal monthly amounts based on cost. The following minimum rates are applied:

Plant, fixtures and fittings 6.67% per annum

Information technology equipment 25% per annum

f Heritage assets

Under FRS 102, Section 34, Heritage Assets should be valued at cost or valuation. However, such assets can be exempt from capitalisation if the cost of obtaining a valuation significantly outweighs the benefit or there is no reliable cost information available. Where there are costs attributed to obtaining and restoring Heritage Assets the Trust will look to capitalise them, but the vast array of archive collections and museum artefacts were donated and have not been valued within these accounts.

The Archive and Museum assets of the Trust consist of a substantial archive collection together with museum artefacts and the premises at 31 Toad Lane, Rochdale. In accordance with FRS102 the Trustees have determined that these premises, the Rochdale Pioneers Museum, are the principle heritage asset, being globally recognised as the birthplace of the modern co-operative movement and as such have a significance and unique heritage qualities of indefinite life and are therefore not depreciated. The cost of the Museum comprises the original valuation upon the creation of the Co-operative Heritage Trust together with the cost of renovation and improvement of the premises completed in 2012.

The Trustees have determined that the external access works to the premises completed in 2012 should be depreciated over the expected life of 100 years. The external access tower is valued at the cost of its construction.

g Stock

27

Stock is stated at the lower of cost and net realisable value (estimated selling price). Cost is based on cost of purchase on a first in first out basis. Review at the end of each accounting period determines the likely resale value of each stock item and any write down needed should this be lower than the cost of the item.

h Investments

Investment income is recognised on an accruals basis. Fixed Asset investments are managed by CCLA and are invested in their Ethical Investment Fund. Investments are stated at market value being the unit price.

i Allocation of support and governance costs

Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. These costs include costs relating to statutory audit along with an apportionment of the management fee charged to the trust for the management of its day to day operations including financial and HR support.

Governance and support costs relating to charitable activities have been apportioned based on the total expenditure of each activity.

j Pension scheme

The Co-operative Heritage Trust offers an auto enrolment compliant group personal pension scheme, which is administered and managed by The Royal London Mutual Insurance Society Limited. New employees are enrolled at an employee contribution rate of 4%, with the Heritage Trust paying 8%. After two years' employment employees can opt to increase their contribution to 6%, with the employer contribution increasing to 12%. Contributions to the scheme are recognised in the period to which they relate.

k Tax and VAT

The Co-operative Heritage Trust is a registered charity and as such is potentially exempt from taxation of its income to the extent that it falls within the charity exemptions as detailed in The Corporation Taxes Act 2010. The Heritage Trust is not VAT registered and as such all expenditure is shown inclusive of applicable VAT.

l Fund accounting

28

m Materiality

The majority of figures in this document have been rounded to the nearest £1. This means that there be may be very minor inconsistencies between tables and notes due to rounding.

2) Income from Donations and Legacies

Donations 2023
£
24,488
24,488		 2022
£
29,131
29,131

29

3) Grants

In the period to 31 December 2023 the following grants were received

Rochdale Council
Rochdale HAF Funding
Rochdale Community Fund
TNA resilience		 Revenue
£
Total 2023
£
563
563
1,848
1,848
1,140
1,140
14,522
14,522
18,073
18,073		 Total 2022
£
5,167
-
-
-
5,167

The grants from Rochdale Council were received in relation to the Healthy & Fed Project

30

4) Charitable Income

Event income
Merchandise and publications
Project Income		 National Co-
Rochdale
Core
operative
Archive
Pioneers
Museum
Projects
Total 2023
£
£
£
£
£
63
210
20,455
-
20,728
125
1,337
3,235
-
4,697
-
-
-
5,554
5,554
188
1,547
23,690
5,554
30,979

Prior year comparative

Event income
Merchandise and publications
Projects Income		 Core
£
National Co-
operative
Archive
£
Rochdale
Pioneers
Museum
£
Projects
£
Total 2022
£
3,610
12,813
-
16,423
388
1,719
629
-
2,736
1,956
15,039
16,995
3,998
1,719.00
15,398
15,039
36,154

5) Investment Income

Dividends and interest on fixed asset investments 2023
£
37,408
37,408		 2022
£
25,854
25,854

31

6) Allocation of governance and support costs

The breakdown of support costs and how these were allocated between governance and other support costs is shown in the table below:

2023 Total Core allocated Activities[Projects Basis of apportionment] Cost type £ £ £ Governance Costs ~~16,658 16,243 415~~ Proportion of expenditure Total 16,658 16,243 415 Prior year comparative 2022 Total Core allocated Activities[Projects Basis of apportionment] Cost type £ £ £ Governance Costs 12,176 11,763 413 Proportion of expenditure Total 12,176 11,763 413 Governance costs £ Auditors remuneration 11,578 Trustee Indemnity Insurance 99 Other Governance Cost 192 Secretarial Support 4,789 16,658

Governance and support costs are allocated to each charitable activity stream in proportion to its level of direct expenditure

Auditor's Remuneration

The auditors remuneration consisted of an audit fee of £9,798 (2022: £7,980), net of VAT. No other services were provided by the auditor

32

7) Charitable expenditure

Core activities
Projects		 Governance Other Direct
Staff Cost
& Support
Total 2023
Costs
Costs
£
£
£
£
159,381
51,602
142,318
353,301
415
442
-
856
159,795
52,044
142,318
354,157		 Governance Other Direct
Staff Cost
& Support
Total 2022
Costs
Costs
£
£
£
£
149,172
46,867
121,395
317,434
3,339
512
7,719
11,570
152,511
47,379
129,114
329,004

8) Employee costs

The Trust seeks to ensure that all colleagues are fairly rewarded for the work that they undertake. All colleagues are appointed to a role cluster and level that is appropriate to the content of their role. Each role cluster and level have specific salary bands.

No employee of the Trust has an annual salary in excess of £60,000.

The average number of colleagues employed by the Trust was:

2023 2022 Full time 5.0 2.7 Part time 0.8 2.5 5.8 5.2 Full time equivalents 5.80 5.20

The costs incurred in respect of these employees were:

Salaries and wages
Social security
Pension
Other		 2023
136,720
6,726
11,041
4,342
158,828		 2022
131,489
6,746
11,830
2,446
152,511

33

8) Employee costs (continued)

Key Management Personnel

The Trust considers its key management position to be that of the Co-operative Heritage Trust Manager who was appointed in May 2017.

Salaries and wages
Social security
Pension		 2023
43,260
4,715
3,461
51,435		 2022
42,945
4,929
3,436
51,310

9) Trustee Remuneration

The trustees received no remuneration for the performance of their duties. During the year £nil (2022:£42.61) was incurred in respect of Trustee Expenses.

34

10) Tangible Fixed Assets

Cost
01 January 2023
Additions
31 December 2023
Depreciation
01 January 2023
Charge for the year
31 December 2023
Net book value at 1 January 2023
Net book value at 31 December 2023		 IT
Equipment
£
Plant,
fixtures and
fittings
£
Total
£
15,137
308,022
323,159
-
-
-
15,137
308,022
323,159
12,695
193,018
205,713
1,086
25,585
26,671
13,781
218,603
232,384
2,442
115,004
117,446
1,356
89,419
90,775

11) Heritage Assets

Under FRS 102, Heritage Assets should be valued at cost or valuation. However, such assets can be exempt from capitalisation if the costs of obtaining a valuation significantly outweigh the benefit or there is no reliable cost information available. Where there are costs attributed to obtaining and restoring Heritage Assets the Trust will look to capitalise them, but the vast array of archive collections and museum artefacts were donated and have not been valued within these accounts.

The assets of the Trust consist of a substantial archive collection (National Co-operative Archive) which is home to a wide array of records relating to the history of the worldwide co-operative movement. The collections include rare books, periodicals, manuscripts, films, photographs and oral histories, and provide researchers with an unrivalled resource for the development of the co-operative movement, from the initial ideas of the eighteenth century to the present day. The Archive has been deemed a Designated Collection by Arts Council England. Designation sets out to identify nationally significant cultural assets in museums, libraries and archives and sets out to raise standards across the sector. Designated collections recognised by the Scheme are expected to work towards the provision of high-quality services, which deliver the fullest possible access to their collections.

35

11) Heritage Assets (continued)

In 2016 the Robert Owen Collection was put on the UNESCO UK memory of the world register as a significant collection in the history of the UK.

In accordance with FRS102 the Trustees have determined that the 31 Toad Lane Premises of the Rochdale Pioneers Museum are the principal heritage asset, being globally recognised as the birthplace of the modern co-operative movement and as such have a significance and unique heritage qualities of indefinite life and are therefore not depreciated. The cost of the Museum comprises the original valuation upon the creation of The Co-operative Heritage Trust together with the cost of renovation and improvement of the premises completed in 2012. The Museum was donated to the Trust by Cooperatives UK in 2008. Co-operatives UK obtained the valuation of the building which the Trust was not party to therefore we do not have the date of valuation, method used nor the firm that carried out the valuation.

The Trustees have determined that the external access works to the premises completed in 2012 should be depreciated over its expected life of 100 years. The external access tower is valued at the cost of its construction.

Cost
01 January 2023
Additions
31 December 2023
Depreciation
01 January 2023
Charge for the year
31 December 2023
Net book value at 1 January 2023
Net book value at 31 December 2023		 Buildings:
Buildings:
Rochdale External
Pioneers Access
Museum Tower
£ £
Artefacts Total
£
614,456 847,157
1,121 1,462,734
- -
- -
614,456 847,157
1,121 1,462,734
- 51,389
- 51,389
- 8,471
- 8,471
- 59,860
- 59,860
614,456 795,768
1,121 1,411,345
614,456 787,297
1,121 1,402,874

36

12) Fixed Asset Investments

Fixed Asset Investments
01 January 2023
Additions
Divestments
Investment gain
31 December 2023		 £
1,341,477
1,000,000
(1,426,649)
124,031
1,038,859

During the year the year the Trustees tendered for their investment managers and CCLA were appointed. The investments represent funds placed in CCLA COIF Charity Ethical Investment Fund. Funds were divested during the year for cashflow purposes and to fund the day to day costs of running the services of the National Co-operative Archive and Rochdale Pioneers Museum. These investments form part of the expendable endowment received from The Co-operative Group - see note 17 for further details

13) Debtors

Trade debtors
Accrued Income
Other debtors
Prepayments
Stock
Goods for resale		 2023
£
3,147
7,742
124
9,051
20,063
2023
£
7,283
7,283		 2022
£
5,280
5,915
124
13,165
24,484
2022
£
6,077
6,077

14) Stock

37

15) Creditors

Creditors
Trade creditors
Project creditors
Accruals
HMRC
Other creditors		 2023
£
12,539
-
14,861
3,110
1,346
31,857		 2022
£
14,975
5,553
9,452
2,816
2,792
35,588

16) Deferred Income

£ Balance at 1 January 2023 - Amounts released to income earned from charitable activities - Amount deferred in period - Balance at 31 December 2023 -

38

17) Charitable Funds

Endowment Funds:
Toad Lane Museum
Co-operative Group
Restricted Funds:
TNA: Resilience in
Archives
Unrestricted Funds:
New Pioneers
Revenue reserves
Total Charitable Funds**		 Balance at1
January 2023Income Expenditure
Gain/(loss) on
investments
Transfers
Between
Funds
Balance at31
December
2023
£ £ £ £ £ £
250,000
- - -
-
250,000
~~2579048~~
~~- - 124031~~
~~(124031)~~
~~2579048~~

~~,, ~~
~~, ~~
~~,~~
~~,, ~~
~~2,829,048~~
~~-~~
~~- 124,031(124,031) 2,829,048~~
-
14,522
-
~~(9139)~~
~~- 5383~~
-
14,522
(9,139) - - 5,383
~~,~~
~~,~~
56,922
-
- - - 56,922
427
96,650
(358,527)- 124,031(137,418)
57,349
96,650
(358,527) - 124,031(80,496)
2,886,397
111,172
(367,665) 124,031 - 2,753,935

2023 Analysis of net assets between funds:

Unrestricted FundsR estricted
unds		 Endowment
Funds		 Total2023
£ £ £ £
Tangible assets 90,775 - - 90,775
Fixed asset investments - - 1,038,859 1,038,859
Heritage assets (200,251) - 1,603,125 1,402,874
Current assets 60,837 5,383 187,064 253,284
Current liabilities (31,857) - - (31,857)

39

2,829,048 2,753,935 40

17) Charitable Funds (continued)

2022 comparative

Endowment Funds:
Toad Lane Museum
Co-operative Group
Unrestricted Funds:
New Pioneers
Revenue reserves
Total Charitable Funds*		 Balance at 1
January 2022Income Expenditure
Gain on
investments
Transfers
Between
Funds
Balance at 31
December
2022
£ £ £ £ £ £
250,000 ` - - - 250,000
2,896,161 - -(317,113)0 2,579,048
3,146,161
-
-
(317,113)
0
2,829,048
326,960
-
-
-
(270,038)
56,922
(36,622)
96,306
(329,295)
-
270,038
427
290,338
96,306
(329,295)
-
0
57,349
3,436,499
96,306
(329,295)
(317,113)
-
2,886,397

2022 Analysis of net assets between funds:

Tangible assets
Fixed asset investments
Heritage assets
Current assets
Current liabilities		 Unrestricted Funds
£
Endowment Total 2022
Funds
£ £
117,488
- 117,488
-
1,341,477 1,341,477
(76,225)
1,487,571 1,411,346
51,674
- 51,674
(35,588)
-(35,588)
57,349
2,829,048 2,886,397

41

17) Charitable Funds (continued)

*Toad Lane Museum Fund: This is a permanent endowment fund where the assets must be held permanently by the charity. The fund relates to the Pioneers Museum at 31 Toad Lane, Rochdale.

** Co-operative Group Fund: This is an expendable endowment fund invested in order that the interest and gains arising can be used to support the Heritage Trust in the furtherance of charitable objects. The Trustees reserve the right to release funds from the expendable endowment for strategic purposes, which is in accordance with the Memorandum of Understanding between The Co-operative Group and the Trust.

The investment gain arising from the Co-operative Group Fund has been transferred to Unrestricted Funds as the interest and gains arising from the fund are used to support the ongoing work of the Trust. The deficit incurred on the Arts Council Project has also been transferred to unrestricted funds.

*** The Resilience Funding was to support backfilling the archivists time to address cataloguing gaps and conservation needs, the funding was specifically to cover the reading room and general enquiries for a day per week.

18) Analysis of cash and cash equivalents

Cash at bank and in hand
Total cash and cash equivalents		 At 1 January
2023
At 31
Cash flows
December
2023
21,114
204,824
225,938
21,114
204,824
225,938

19) Contingent Liabilities and Capital Commitments

The Trust has no contingent liabilities or capital commitments as at the balance sheet date.

42

20) Related Party Transactions

The following are related party transactions, as defined by FRS102, together with details of notable transactions.

a. The Co-operative College

The Co-operative College is one of the founding members of the Co-operative Heritage Trust. Amounts of £nil and £1,101 were payable to and receivable from the College. At 31 December 2023 the balance owed to the College was £nil and owed from the College was £nil.

b. The Co-operative Group

The Co-operative Group is one of the founding members of The Co-operative Heritage Trust. The amount receivable from The Co-operative Group for services provided was £457. The amount outstanding at year end was £nil. The Co-operative Group also provided donations of £15,000.

c. Co-operatives UK

Co-operatives UK is one of the founding members of The Co-operative Heritage Trust. The amount receivable from Co-operatives UK in the year was £nil.

The Co-operative Heritage Trust receives various services from Co-operatives UK including rental of office space and archival space, IT services and HR services. The amounts payable in the year relating to these services was £37,014. The amount outstanding at year end was £4,378.

d. Trustees

The trustees received no remuneration in the performance of their duties. No trustees received any expenses. There we no related party transactions with the Trustees during the year.

42

21) Operating Lease Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Land and buildings
Within one year
Between one and five years		 2023
£
24,944
-
24,944		 2022
£
27,723
21,951
49,674

The amounts above include VAT as this cannot be recovered by the Trust.

43

CHT CIO Annual Report and Accounts to 31 December 2023 v5 with accounts

Final Audit Report 2024-05-18

Created: 2024-05-17 By: Emma Willder (emma@beyondprofituk.co.uk) Signed Status: CBJCHBCAABAA8XlyJnBQbMDumjJXt72hTtgq_FpJCpfb Transaction ID:

"CHT CIO Annual Report and Accounts to 31 December 2023 v 5 with accounts" History

Document created by Emma Willder (emma@beyondprofituk.co.uk)

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