PROPOSMON RTHAPOE LIMITED (LIMITED BY GUARANTEE) REGrsrERED CHARThY NUMBER 1182929 COMPANY NUMBER 11287355 ANNUAL REPORT AND FXNANCXAL sfATEMENTS YEAR ENDED 30 APRIL 2022
Proposltlon Rthapoe Umlted R•g15t•r•d Charity 1182929 Indox Page No. Legal and atjmlntstratlve Infomwtyon Trustees, annual rewrt Indedent exJmlnw5' K¥t ststement of fin•nd)l a¥t$ (SOFA) io Balance sheet Accounung Folldq$ and notes to the flnand)I stthnents 12-14
Proposltlon Rthapoe Umlted Reglstered Charlty No. 1182929 Legal and admlnlgtratlve Inlornwtlon REFERENCE AND ADMZNISTRATIVE DETAILS Registered as a Charity In England & Wales. CHAIITTY REGISTERED N11148ER 1182929 COMPANY REGIStERED NUM8eR 11287355 CHARITYS PRINCIPAL ADDRESSIREGISTEIIED OFFZCE 9A H¢)rnsey Rise Gardens London N19 3PP DIRECTORS The Dirertors of the Charitable Company (the dwrity) are Its trustees for the pSe of charfty law and throu9hout the re[rt a collethvely referred to as'the Directors.. The Dlrectors who served dudng the year aThl Sin the year erhj are as folltsws: Mr Danlel Hudson IChalm)anl Mr Solomon 8ailev-8arker Ms Sonfja Barrett (appointed 12 November 2021) Ms Nlssa Nlshlkawa IresSgned 11 November 2021) GOVERIIXNG DOCUMENT The Charfty ts governed by the memoraTh1um aThJ wtldes inc(Wate 3 April 2018 as •mended on 20 June 2018. BANKERS unity Trust Bank 4 Brlndley Place Blmilngham Bl 2]8 Anna 8ank PayrNet Wework Waterhouse Square 138 Holborn Ldon ECIN 2SW Stadlng Bank Ltd 3rd Fle4)r 2 Finsl)ury Avenue London EC2M 2PP INDEPENDEIIT EXAMINeR Rutter and Allhusen Llmlted Innovatitin H¢)use Wlncombe Lane Shaftesbury Dorset SP7 8FG
PROPOSITION TRUSTEES ANNUAL REPORT May 2021- April 2022 PROJEcf BRIEF Proposltlon Studlos Is a UK arts organlsatlon focused on reimaglnlng our Lyviliiation'5 role in the biospherè and Inspirin8 public dialo8ueon the positNe impart that human activities can have on biodiversity. Estsblished as a ¢harity in 2018, our objÈ¢tives are-. il to supportgrassroots artists so thatthey can be finandally self•sufficient and enabled to make work In a ¢hallen8Sn8 economlt envSronment.111 to develop publlc discusslon around the potential of biodiverse farmin8 to taCe climate chan8e and biodiveT5ity10s5. We build bridges between expert landworkers andsdentlsts whoaredevelopln8 reBeneratfve familn8prartlces. and creatives who are passionate about explorin8 and ¢ommunicatin8 the transformation of our Qvilisation's relatlonshlp to the Ilvlng wodd. If we are to take the concept of the Anthropocene Seriously, we cannot alm to re8enerate the biosphere solelv by reducing human intervention in naturnl environments and reducin8 orredirerting resource consumption and pollution. We must explore ways in which our avilisation can actively increase biodiveity on a grand scale and eate abundan not only for our5elve5 but for the mydad speciw on thi5 planeL FOOD AS A WAY OUT OF ECOLOGICAL CATASTROPHE?
is a fulcrum for hunmn beirfs raONShIP wlth the lknng world. In the past 50 years there has been a meteoricdedine in Ilfe on earth. land vertebrates ha¥ededined byfJN marinespeties, breedingblomass have dedlned by 65% and a 27 year stutt¥ in Gem)any recorded a 75% dedine In Insect bk>m%s. On our current trajectory more of the wodd VAII become unlnhabitsble in the nearfuture due to dsln8sea levels and inLTeasln8 temperatures. We must than8e tNs directi¢. Food 15 at the very heart of these woWern5. The number ore rea50n for the deCIC of I spttles Is habltst loss. and of thb, 48rf¢ultyfe b the number Cau Industrlal fishln8 Is Me of the lead causes of dedln• In marfne Ilfe, The sdenllsts who cathed )ut the researth In Gemiany 8ave tyily probable cause for the ropld dedlne In Inspect numbern.. a8rfculturnl Intenslflcatbon. whkh Indudes the use of agrlcultural chemlcal& CombSne thls th the fact that food as 4 has the laryst 8reenhouse 8as emlsslons of any sertor, cons5derln8'. fertI115er rnanuf¥rturin& storaw knnspta. wokln& 4rtcultural themkal manufacturfn& lood procesn& lood packa8ln& fami mathlnery emlsskns. carfoon released by Culthtatlon. fl¢)odln8 rlce paddles. Ind emISOn$ from Ilvesto¢k. Our clv1115atlon's doffllnant forni of a8rfculture rosults In not only the lar8est prowtlon of pollutlon. It Is also responslbl• lor monumentsl d5 In the blosphere's abillty to sequester carb1. D•for•statkn. soll eroslon, deStruCU of8ra551and ecolo8y. unman4ed 8rall olup1 poth mana8ed water, rertwal of hedlerows and ¢ultivètion that leavesso51 absentofpl•nt4feaM Ilp theK4e$furthertrd an atmosphere In carbon. There Is a slmSlar story to be idd abo the Snfluence our civilisation's acultUre has on the a¥allabillty and quallty of fresh water. Thousands of fnerS across the world ¥e demMstraUn8 there ¥e many other way5 of produdrvd food that Increase blodfverslty and ttdogkal resillence whlle wo¥ldAvd for human needs. Cuttlng edgè stience Is being comwned wlth tradltlonal prKtlc• to ueate f¥n4n8 systems that can be applied Sematical to create •coIo8lcal abundance In all doma¢ re8lons of the Wd. These pkneers have a rrssage about the potential of humanSty to (xeate abLtndanct in the blos14 this nwe is thè Propositym weart working to dellver.
Many of these issues around food are not a comThth partof pUbldisc¢T$e. We need to eat and we need our food not to destrny our planevs living semS Instead to ueate abundano fryfuture 8enerati¢)ns and the web olother Imng thlngs We need to relma8tne ourc1liSatiOn'S roleon th15 Oke fedlwthat can drive us toward a fvture of prosperfty. That Is exacity what #ntsts worklng vrith Proposlt6on Studlos ¥e doin Famers are often wcrtln8 In almost complete ¢)b5CUrity. Lsolèted and underrepresented de5plte thelressentlal role In keepln8 us all allve. By eonnertlfft8 those wtykkn8 In Innowdtive and rrfeneratfvle familn8 prartl¢es wlth cultural volces we hope to for8e • brld8e brfft8ln8 mu¢h needed attentlon and support lor both and catalyse actlon. OVERCOMING ARTISTS. CHALLENGES A domlnant elltlst 84llerysystem has resulted kn affture whlch Is not rèfiettive of thedfv¢rty of our sodety and eOur4e$ people to eng4e wlth art •5 spectators rather than partldpants whose Il¥e5 bel¢x& wlth the work. Our stud105 remove qlltjst barrfw5 to enlry. We offer very Spa In London. ¥Kce55 to free pro8rammes wEth opportunlyes eguryalent tothose found In artsthoDI. rndlo and yldeo broadcastln8 platlomis for artlsts. opportunltles to exthlblt Ir* rgallery. a5 well as pald commlsslons. access to ratOrS and 8allerlsts wlthout d)ar¥ln8 comrnisslon on the sale of artbi re51deDde5 on fanns and all expen5e5 pald R&D trlps. Our prognmme kndudes proftsslonal dwelopmen¢ wrttlng 8n>ups mtwemeni workshops. fllm sueenln8S. exhlbltlons. lectures and ¥lsltin8 tutortals. Proposluon ha5 parbiershlps famu and research centres Kross th• UK and und•rtak•s tours for I$ts of cuttin848e bi(Klivorse fOn8 sltss. W• ared•vdopln8an extensNe resldency programrne whith wll enabk artists to Il¥e on frn and brin8 thelr resultln8 work for exhSbition ID London and elsevthere ID the UK as well a5 within local ¢ommunitles.
We do not subscribe to the myth of the romanticised 5tarvin8 artisL We belSeve in helplng our community to generate income in original ways. as financial independèn¢e buys time which is invaluable for Creatives and should not have to be a luxury. We belleve sUPPOrtin8 and empowerln8 arttsts and en8a8ln8 wlth local communltles through culture generates a vast ripple effect. Our aim is not tts project a ¢entralised vision onto communltles where our sStes are based but rather to support communittes In shaplng the programme ol each sits to reflect the backgrounds of the place and the people there, amplify their interests and insights and help to foster a sènse of placè throu8h art and tommunity engagement. Thou8h our studios are currentty focused in London we are in ne8Otiationswith landlords about propertles across the countryto facllState support for artlsts across the UK and plan to brln8 landworkers into clties and ¢reatNe5 onto famis. nurturing a web tsf collaboratiim, support, inspiration & IniatIVe across currently unconnected areas. ACHIEVEMENTS - y2021-APR2O22 RELOCATING OUR IMMERSWE EXHIBITION TO SOUTH BANK FOR A SECOND SHOWING Last year we commi55ioned our first immersive exhibition on the theme ofTHE HUMAN AS PARTOF ECOLOGY. The commlss5on was for an Immerslve exhIbJ0ft where each artlst would design a room In a labyrlnth which ¥uestswould navi8ate theirway through. Wehad mort than 120 appllcatlons and commlssloned 20 artlsts each with theirown vision fora room in this Immerslve world. Our Creative Director Gabriella Sonabend oJrated thls exhibition, designin8 the layout of the labyrlnth and inte8ratln8 the artlsW world wlth eath other to delfver different messages about humanities relation5hip5 with the biosphere. This èxhibition named TERIiA NEXUS was rejocated to The South Bank after Its first opening in Peckham. This show got a second runnlng from April- lune 202L wlth payin8 8uests purthaslng tlckets for tlmes entry to the show. The show was rated by Thme Out as one of the top four immersive show5 of 2021, wlth of the other four shows belng at TATE- Including Yayoi Kusama.
Here's every amazing immersive art show in London right now Powtlar oftlkne Ollt 2021.1 pos1.h¢trdart5eèmli0Ifrknrf¢Wd5Ivlt Time Out co¥eroge of Terra Nexu5. raiing Ir ropfvurolong wrth imnE1Ve sIKJW5 or TA TEModeTll LTnd TA TE Britoin The show was opefated rn a strictly scKially distanced manner. allowing only six people into the exhibition at one time and only one household in eath room within the labyrinth at any one time. We provided three tier5 of ticketing.. free lor those on universal credit. hall price lor students and £10 lull price. The exhibition was open 5 days a week from 11.0(>19.¢X) wÉth guests entering at half hour inteNals. SEThING UP A FILM STUDIO IN WEMBLEY We obtained è meanwhile spate agreement for an 18.LKK)ft2 retail warehouse in Wembley that we converted into a film and produttion studio. This studio is perfertly located for film produttion, with easy access to the prop and equipment warehouse5 in Park Royal and with 72 car parking spaces in a private car park which can be used for pr¢xluction unit bases. We stripped out the previws retail faolities and refurbished the space to best 5Lllt the production ol film and video. At the year end the demand for the Studio space was picking up pace and we secured our first major long-term bookin& which covered the cost of the fItt and enabled us to grow our reseNes. STATEMENT ON FINANCIAL POSITION
Durin8thls period the charity has recefved ftnanclal support from a private family fund. Incommswho converted their loan made for the fit-out of the stydios on SoLth Bank into a donation. We also receSved some addltlonal 0% interest loans without fixed repayment terms from Oaksure Property, of whlch the shareholder Daniel Hudson Is a shareholder. A substantlal proportlon of fvnds used to carryout ourcharitable attivities were raised by rentln8 Studlos lo artists with smaller proportions of revenue comin8 frorn ticket sales to our immersive exhlbitlon, Terra Nexus. Repayment of the Coronavirus Bounce Back Loan we receivèd in thè previous year have commenced on a monthly basis. MANAGING THE RISKS FACING THE CHARITY THE INSECURITY OF MEANWHILE SPACE Rlsk: Proposition continues to make use of buildings which othenvise would be left empty in orderto support emerglng artists. engage the general public on humanities lationShiP with the living world and run a program of public ents. These opportunlties are likely to grow in number over the comlng years and we Intend to contlnue maklng charltable use of these spaces. There Is, however, rlsk that comes In the lack of securlty of tenure and If several propertles recelved notlce In qulck succe5slon we could find ourselves pushed to scale-back our current activf(ie5. Management: We are prospecting for space where we have security of tenure and exploring mode which can enable u5 to afford central London rents whlle contlnulng to provide a free program of publlc events. engage the general publlc on humaniws relatlonshlp wlth the workl nd contlnue to provlde studlo space at low rates. CONOMIC HARDSHIPS FORQNG ARTlSfs TO LEAVE sfuDIOS
Rlsk.. Many artlsts have been leaylng London due to risin8 rents and c05t of livlng that mokes it dlfficult for them to produce work. Thi5 could be ex35perated by Brexlt If work becomes even less available. Mana8ement.. We prfce our 5tudi05 based on maxlmum affordzbillty for 8ra5sroots art15ts whll¢ 5tlll managln to cover our costs. We malntaln a large waltlng Ilst and cont5nue to advertlse even whlle our stud105 are empty $0 that if artlsts leave our studlos we are able to replace them and the revenue they brln8 In, qulckly. We hope you wlll come and v151t our sltes, attend our publlc prolram, watth and Ilsten to our content onllne and partldpate to In¢rease blodfverslty and cre•te a world Immersed ln art. Together we can transltlon Into abundance. On behalf ol the board of trustses Danlel J Hudson. Chalmian and CtrFounder
Proposltlon Rthapoe Llmlted Reglstered Charity No. 1182929 Independent Examlners Report to the Tntees I report tt the chaty trustees my É%amlnath)n of the accounts of the cth)wy for the year ended 30th Aprfl 2022. whlch are set out on paqes io - 14. Responslbllltles and basls of report As the charity's trustees of the company {aThJ also Its directry5 for the wryN)ses of company law) you a ponble for the preparation of the accounts in attordènce with the requirerrnts of Companies Act 2006 rthe 2006 A1. Havits3 satisned myself that the COUnts of the Company are not requlr&J to be audlted under Part 16 of the 2006 Att and are elfjglble for indepen(lent examinabw, I rept in respect of my examinatytsn of your ¢harity's accounts as carrbed out under secilon 145 of the Charft(es Att 2011 fthe 2011 P£V). In carrying ¢xrt my examinatlon L have follow&J the Directiry)S glven by the Charity Commlsslon under section 145(5) {bl cl the 2011 ACL lfideptsndent examlnerfs statomt I have completed my e¥amlnatyon. E conflrm that matter5 have to my attentk In conne¢t•)n wilh the examination oiving me cause to Wleve: - aCcounn9 records were not wt In restert of the Company as requlred by stoon 386 of the 2006 Art: or . the accounts do not acccd with t1 records: or - the acctyjnts do not comply with the accounb.ng requlrements of SeCC 396 of the 2006 Act other than any requirement that the ac¢ounts glve a and tsir view ¥¥hith is not considered as part of an Indeputhrt eXamInaOn. or - the aCCOLEnts have nL been prepared in aCCordare with the metl>as and prilPIeS of the Ststement of Recommended Practice for accountiNJ and reln9 by tharities {applTrbte to drit*S preparfng their accounts in accord•n ¥th the FinJrbi41 Repxtin9 Staryknrd aPF4icable In the UK and Republi¢ of Ireland (FRS102)1. I have no Conm5 and have come atr¢Jss Th) txher matters In conn&tth with the examinatiort to whkh attent should be drawn In thls re)rt In order to enable a proper understsThJlng crf the accounts to be reached. Paul Stacey FCA For and on behalf of Rutter & Allhusen Chartered Accountsnts Innovation House Wlncombe Lane Shaftesbury Dorset SP7 8FG Signed: Date:
Proposltlon Rthapoe Limrted Statement of Flnandal Actlvltles For the Yoar Ended 30 Aprll 2022 2022 2021 Income & endowments from: Donabons and legacie5 Charttable acUvSties Total Incomlng r•sourc•s 36.752 116 673 153 425 193.&X) 233 365 426 365 Expwdltum on: Charftsble att1v0e$ 193.289 S27,612 Totsl resources expended 533 421 Net outgolng resources (41,617) (107,056) Recondllatlon of funds Total funds brought forward Total funds arrled forward li (120.495} The notes paw 12 to 14 lomi part of the finaKlal statements Po99 10
Proposltlon Rthapoe Llmlted Balance Sheet As at 30 Aprll 2022 Vnrestrlrtad Fund$ 2022 2021 Flxed Assets Tanglble fixed assets 24.YXI 17,498 Totsl Flxed Ass¢ts Current Assets Cash at Bank Totsl Current Assets 82,210 10.769 Llabllltles crlItOrS - amounts falllng due wthin one year (130.826) (37.968) Net Current Auets Cre(11tors - arTh)unts falllng due In MO Ih&) one year (96.779} (69,177) Net Assets 120 495 Funds of th¢ Charlty Income Funds ilnrethcted funds Totsl Charlty Fundg li 120 495 120 495 For the year ending 30 April 2022 the charitable company was entiued ts exempti from audit under sectmin 477 of the Companies Art 2006 relab"n9 to small companies. The rnembers have not required the d[lble eampany to obtsin an aLhlit in aceordartt with section 476 of the Compjntes Att 2006. The dlre¢tors acknowledgè their resp11& fty ¢¢ffiYIThj with the requlrenRnts of the Art wlth respert to accountyng records and the prepara¥on of accounts. These accounts have tjeen wepared in acctrdanct with the provislorE5 •Olcable to companiÈ5 5ubi&t to the small companles, regime. 2610112023 Apprtsved by the 8cird of Trustees on .......................... nd signed on behalf by: Daniel Hudson Trustee The notes on pages 12- 14 COM$e part of these accounts. Pagell
Proposltloft Rthapoe Llmlted Notes to the Accounts For the Year Ended 30 Aprll 2022 I ACCOUNTING POLXCIES Balls ol prnparatlon The accounts lflnancial statement51 have l)een ppared under the historical cost convention with items recognlsetj at cost or transactlon value unless othefwlse ststed In the levant notelsl to these accounts. The flnanclal statements have been ppared In accordan wlth the Ststement of Recommended Pract1. Accountlng and ReporUng by ChatIeS preparlng thelr accounts and In accordance wlth the Flnandal Reportlng Stsndard appllcable In the UK and Republlc of [land {FRS 1021 leffetttve January 2015) and the Charttles Act 2011. The charfty have taken advantage of the exemptlon In Flnan¢lol Rep)rtlThJ Standard l from the requlrement to prtrau a sh flow statement on the ground$ that It quallfies as a small Charlty. The pre5entath)n eurrency of the nnanclal ststements Is the Pcwjnd Sterflng. The charfty meets the deThnltton of a publlc benefit entlty under FRS 102. LEGAL STATUS The charlty Is a comnY Ilmlted by gu)rantee and has no share capltsl. The COMnY 1$ reglstered In Enqlantj and Wales and the reglstered offlce15 shown on 9¢ I, INCOMXNG RESOURCES R•eognltlon of IKomlng re•ources Incomlng re50ur¢es are Induded In the Ststement ol Flnanclal Actlvltles ISoFA} when: the ChatY becomes entitled to the resources and any condltlons for re¢elpt are met.. the trustees are vlrtually rtain they wlll re¢elve the resources,. and the monetary value can be measured wlth sufficlent rellablllty. Gr•nts and don•tlon• Revenue Grnnrs and Donarknns are credlted to the Income and expendlture Account on recelpt. However 11 the grant or donatlon covers more than one Thnanclll year then the amount relatln9 tr) future years Is shown as Deferred Income under Credltors. IXPENDITURE AND LIABILITIES Llabllltles a recognlsed and expended as so)n Js there Is a legal and constructlve obllgatlon commltung the Chjrlty to the expendlture. All expendlturels Induded on an J¢¢ruals bas15 and has been clDsslfled under headlngs that aggregate all costs related to that category. Governance costs compd5e all cost$ Involvlng the publ1¢ accountablllty of the Chartty and Its compllan¢e wlth regulatlon and gC prartlce. These costs Include costs related to accountancy $•rvlces. YANGZBLe pIxtD ASSETS All •ssets styn9 more than £500 are ¢)pltsllsed, Tanglble assets are stated at cost less depreclatlon. DeplatIon Is provlded at rntes calculated to wrlte off the cost oi nxed assetsi less thèlr resldual value, over ihelr useful Ilfe, ort a strnsght Ilne b)sls. The usefvl Ilfe used Is.. Leasehold Improvements - Clver the length ol the lease Furnlture- 5 years If the remalnlng mlnlmum lease pedod Is less than 3 years, then the useful Ilfe Is deem&J to be the remalnlng mlnlmum lease perlod. CASH AT BANK AND IN HAND Cash at bank and In hand Includes ¢ash In hand, deFoslts wlth banks and fund5 that are readlly convertlble Into cash at. or c105e to, thelr carrylng values, but are not held for Investment purposes. CREDITORS AND ACCRUALS Cr¢dltors are recognlsed where the chaty has a present obllgatl¢n re5ultlng from a past event that wlll probably result In a transfer of fund5 to a thlrd party and the amount due can be measured or estlmated rellabjy. FUNDS Unrestrlcted funds comprlse those funds whlch the Trustees are free to use for any purpose In furtherance of the ¢harltable objetts. Unre5trlrt¢d funds Include deslgnjted funds where the Trustees. at thelr dlscretlon, have created fund for a $CC purpose. Page 12
Propositlon Rthapo• Umlted Notes to the Accounts For tho Year End•d 30 Aptll 2022 Unrestrlcted Vunds 2022 2021 2 Analysls of I0me Donatlon¥ and l•gKI•¥ Grnnts e5ve Donauons recelved 752 193,000 3 Income from Charltsbh Actlvltl Pro¥lslon of studlo space event Income 116 673 233 36S 4 Expendltur¢ on Ch•rltsbl• •thltl•# Property malntenance London Studh) Improvements Rent Event •nd kYC#jUttlL sts Mural Depreclatlon on leasehold Improvemerts DepreclaUon on fumlture Tours Admlnlstratknn Support Costs - Stsff wa9es Consultants MarketlwwJ 8ank char¢J¢s Loan Interest 60,295 29,658 243.055 63,193 3S.292 10,529 36.721 1,956 13.715 4.351 (27,105> 27.117 2S.945 1.956 7,450 33.479 59.233 2,403 1,619 897 193 289 83.OS8 6,084 527 612 5 GOV•m•n ¢o•ts Legal and professlonol fees Independent examlnatlon 133 4,369 No No 6 Av•r•q• number ol Employee• In year 7 T•nglbl• Flx•d AM•ts •sehold Improv•m•nts Furnltur• Tot•1 Cost As at l May 2021 Addltlons In year DIsP05als As at 30 Aprll 2022 24.880 35.303 9,779 34,659 35,303 As at l Moy 2021 Chanje for year Dlsposals As at 30 Aprll 2022 15.205 25,945 1,956 1.956 17,161 27.901 14et book v•lu• At 30 Aprll 2022 At 30 Awll 2021 P(e 13
Proposltlon Rthapoe Llmlted Note$ to the A¢¢ounts For tho Y•ar End•d 30 Aprll 2022 2022 2021 8 Credltors- amounts due wlthln one year Deferred income Accruals Wages payable PAYE Dlrettors ltsan Boun back loan 103,680 3,120 5,141 7,344 4,341 36.966 130 826 2022 2021 9 Credltors - amounts due In more th40 one year Loan from OaksU Property Protethon Boun back loan 69,100 34,100 2022 2021 10 Defèrred incom• Balance at l Trlay 2021 Movement in the year Balance at 30 April 2022 103 680 103 680 2022 2021 11 Analysls of fvnds - Unrestrldert Balance at l May 2021 P4et movement in fvnds Balance at 30 Ap1 2022 {78,8781 28,178 107056 120 495 2022 2021 12 Analyses of nét assets - Unre5trlctod Flxed assets Current assèts Ojrrent Ilabllltles Nan-current liablliUes 24,900 82,210 (130,826) 17.498 10,769 (37,968) 120 495 13 Related partl Durlng the year, the chartty recelved a temporary loan of £35,000 at an interest rate of 0% from Oaksure Property Protertltsn Umlted. a ¢¢mpany in whlch Mr D Hudson has an interest. At the year end the balance due to Oaksure ProFerty Protethon Umlted amunted to É69.100 (2021: £34.1001. 14 Trustees Mmungrntlo During the year, no Trustee re1ved any remunerntion ¢y relmbursement of expeThse5 relang to attendan at tnjstee ffleengS. 15 Other Informatlon - The Chadty had no commltments at the year end. - The Charlty has not given any guarantees to third partles that could be called on at the year end. - The Charity has not grnnted any loans to any institutlon or company connected to the Charlty. - The Charlty dld not make any ex-graa payments durlng the year. Poge 14