Trustees’ Annual Report for the period
From 1 January 2024 Period start date To 31 December 2024 Period end date
Charity name: The Telos Foundation
Charity registration number: 1183271
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Charity’s objects (“the Objects”) a.To advance education and research for charity leaders to enable charities to sustain their services into the future in subjects relating to leadership b.To make grants and donations to charities chosen by the trustees that are specifically recognised for their ability to design and deliver training programmes to develop the individual capabilities, competencies and understanding of future strategic leaders, to enable charities to sustain their success over the long term; and c.To make grants and donations to charities chosen by the trustees that are specifically recognised for their ability to design, conduct and publish research to add to the collective knowledge of an approach to the leadership of organisations, that creates benefit for stakeholders and society through a focus on purpose, values, relationships and the long term. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Provided bursaries to individual charity leaders to attend Windsor Leadership programmes. Each Bursary holder provides a reflective statement of their experience and particularly the impact their learning has created in their charity for the public benefit. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have close regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | Grant-making Policy The purpose of this policy is to set out the principles, criteria and processes that govern how The Telos Foundation makes grants across all fund types and the Foundation’s domestic priorities. A grant is defined as a financial award made by the Foundation from its funds to support charitable activities by registered charities. Under the terms of the constitution, the Board of Trustees will apply funds to the “Objects of The Telos Foundation” Grant Making Criteria The aim of the grant-making criteria is to provide clear information from the Board of Trustees to those individuals and organisations who apply for grants and to whom grants are made. Clear guidance on criteria for applications from individuals and groups is a part of this policy. The Trustees may review these criteria from time to time and, if necessary, amend or update them. Grant requests which the Board of Trustees will normally support are: § Organisations nominated by the Trustees § Current or potential charity leaders § Support research to enable a charity to be sustainable § Enhance the potential to achieve long- term sustainable outcome. Grants will not normally be made retrospectively. |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | N/A |
| Other |
Achievements and Performance
| SO RP refer enc e |
||
|---|---|---|
| Summ ary of the main achiev ement s of the charity , identif ying the differe nce the charity ’s work has made to the circum stance s of its benefi ciaries and any wider benefit s to societ y as a whole. |
Par a 1.20 |
The main achievement has been to sponsor three individuals from quite different charities to attend Windsor Leadership programmes. These individuals would not have been able to attend the ‘Emerging Strategic Leaders’ and othe leadership programmes if The Telos Foundation had not provided these bursaries. List of Beneficiaries2024 Name Role Organisaton Programme Beth Nicholson Senior Philanthropy Manager The Trussell Trust and Warwickshire Wildlife Trust Emerging Strategic Leaders 2024 Susie Doyle Chief of Staf The Auckland Project Women in Leadership Programme 2024 Dr Aigbokhai Henry Ohiwerei GP & Trustee Board member The Namu Project Emerging Strategic Leaders 2024 Dr Helen McColl Natonal Director of Clinical Services Freedom from Torture Developing Leaders Programme 2024 Niki Michael CEO Playskill Developing Leaders Programme 2024 As a result of these individuals attending the programme, they have been able to return to their charities as better, well equipped leaders. We are able, through regular communication with our bursary holders, to observe the growth and impact of their charities on society. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
Our objective is to utilise all our funds to provide 3-5 bursaries per year. This was achieved in 2024. |
|---|---|---|
| Performance of fundraising activities against objectives |
Para 1.41 | N/A |
| set | ||
|---|---|---|
| Investment performance against objectives |
Para 1.41 | N/A |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Contained in the report of the Annual Accounts 2024 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The Telos Foundation receives its funds from Telos Partners International Limited. Telos Partners International Limited invoices quarterly Telos Partners LLP. This, in return for their use of the intellectual property (IP), held by The Telos Foundation. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | A deed of trust |
| How is the charity constituted? (e.g. unincorporated association, CIO) |
Para 1.25 | Limited Company, limited by guarantee |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
N/A |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/A |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other |
Reference and Administrative details
| Charity name | The Telos Foundation |
|---|---|
| Other name the charity uses | N/A |
| Registered charity number | 1183271 |
| Charity’s principal address | Admiral House St Leonard’s Road, Windsor Berkshire SL4 3BL |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Alan Davies | Chair | |||
| Peter Ward | ||||
| Coralie Hooper | ||||
| Iain Cameron | ||||
| Sarah Wright | ||||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Jennifer Liska Full name(s) Alan Davies Position (e.g., Secretary, Chair Company Secretary Chair, etc) Date 07/08/2025
Registered Charity Number : 1183271
THE TELOS FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE TELOS FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees Alan Davies Peter Ward Iain Cameron Sarah Wright Coralie Hooper Charity Number 1183271 Company Number 06625059 Registered Office Admiral House St Leonards Road Windsor SL4 3BL Independent Examiner Andrew Campbell FCCA Campbell Accountancy Limited Old Chapel, The Green Lower Boddington NN11 6YE
THE TELOS FOUNDATION
CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees' Report
Independent Examiner's Report
Statement of Finanical Activities
Balance Sheet
Notes to the Financial Statements
THE TELOS FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024 .
Trustees' report and financial statements
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 2024. 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).
Trustees
The trustees who served during the year and up to the date of signature of the financial statements were: Alan Davies
Peter Ward Iain Cameron Sarah Wright Coralie Hooper
Trustees' responsibilities statement
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustee and signed on its behalf by:
---------------------------------------------------Alan Davies Trustee
Date : 27 June 2025
Page 1 of 9
THE TELOS FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner’s Report to the Trustees of The Telos Foundation
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which consists of the statement of financial activities,balance sheet and the related notes
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried
out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than anyrequirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Name: Andrew Campbell FCCA Date: 27 June 2025
Page 2 of 9
THE TELOS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Raising funds 3 Charitable activities 4 Other 6 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 37,233 37,233 205 40,894 112 41,211 (3,978) (3,978) 3,983 5 |
Restricted income funds £ 34,563 34,563 - 34,563 - 34,563 - - 50 50 |
Total Funds 2024 £ 71,796 71,796 205 75,457 112 75,774 (3,978) (3,978) 4,033 55 |
Total Funds 2023 £ 59,037 |
|---|---|---|---|---|
| 59,037 | ||||
| 172 74,075 121 |
||||
| 74,368 | ||||
| (15,331) | ||||
| (15,331) 19,364 |
||||
| 4,033 |
Page 3 of 9
THE TELOS FOUNDATION
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024
| Recommended categories by activity Notes Fixed assets Investments 7 Total fxed assets Current assets Cash at bank and in hand 8 Total current assets Creditors: amounts falling due within one year 9 Net current assets/(liabilities) Total net assets or liabilities Funds of the Charity Unrestricted funds 10 Restricted income funds 10 Endowment funds 10 Total funds |
Total Funds 2024 £ 3 3 55 55 3 52 55 5 50 - 55 |
Total Funds 2023 £ 3 |
|---|---|---|
| 3 | ||
| 4,033 4,033 3 4,030 |
||
| 4,033 | ||
| 3,983 50 - |
||
| 4,033 |
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 27 June 2025 and signed on its behalf by:
Alan Davies Director Date : 27 June 2025
Page 4 of 9
THE TELOS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
1.4 Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
1.5 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
1.6 Taxation
The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year.
1.7 Fund accounting
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
Page 5 of 9
2. Income from Donations and Legacies
| Analysis Unrestricted funds Restricted income funds £ £ Donation and gifts 37,233 33,050 Gift Aid - 1,513 37,233 34,563 3. Expenditure on Raising Funds Analysis Support Costs 4. Expenditure on Charitable Activities Analysis Bank charges Grants paid Charity management & administration Support Costs 5. Support Costs Analysis Printing and stationery Governance Costs Accountants fees |
Total funds 2024 £ 70,283 1,513 71,796 Total funds 2024 £ 205 |
Total funds 2023 £ 53,514 5,523 59,037 Total funds 2023 £ 172 |
|
|---|---|---|---|
| 205 | 172 | ||
| Total funds 2024 £ 9 74,207 978 263 |
Total funds 2023 £ 6 72,718 1,161 190 |
||
| 75,457 | 74,075 | ||
| Total funds 2024 £ 410 58 |
Total funds 2023 £ 344 18 |
||
| 468 | 362 |
3. Expenditure on Raising Funds
4. Expenditure on Charitable Activities
5. Support Costs
6. Other Expenditure
| Analysis Other Expenditure |
Unrestricted funds £ 112 112 |
Total funds 2024 £ 112 112 |
Total funds 2023 £ 121 |
|---|---|---|---|
| 121 |
Page 6 of 9
7. Investments
| Carrying(fair) value at beginning of period Add: additions to investments during period* Less: disposals at carrying value Less: impairments Add: Reversal of impairments Add / (deduct): transfer in/ (out) in the period Add / (deduct): netgain / (loss)on revaluation Carrying(fair) value at end of year |
Other £ 3 - - - - - - 3 |
|---|---|
The company's investments at the balance sheet date in the share capital of companies include the following:
Telos Partners International Limited
Registered office: Admiral House, St Leonards Road, Windsor, Berkshire, SL4 3BL Nature of business: Licencing of Intellectual Property Class of share: Ordinary £1 shares representing 100% of the issued equity share capital
| Aggregate capital and reserves Loss for the year |
2024 £7,318 £(19,264) |
2023 £26,582 £(10,943) |
|---|---|---|
Tomorrow's Company (Enterprises) Limited Registered office: Admiral House (c/o The Telos Foundation),St Leonard's Road, Windsor, SL4 3BL Nature of business: Public relations and communications
Class of share: Ordinary £1 shares representing 100% of the issued equity share capital
| Aggregate capital and reserves Loss for the year |
2024 2023 £(3,447) £(1,650) £(1,798) £(989) |
|---|---|
8. Cash at bank and in hand
| Total funds 2024 £ Cash at bank and in hand 55 55 9. Creditors: Amounts falling due within one year Total funds 2024 £ Other creditors 3 3 |
Total funds 2023 £ 4,033 |
|---|---|
| 4,033 | |
| Total funds 2023 £ 3 |
|
| 3 |
9. Creditors: Amounts falling due within one year
Page 7 of 9
10. Charity funds
10.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 3,983 37,233 41,211 - - 5 Restricted income funds 50 34,563 34,563 - - 50 Total 4,033 71,796 75,774 - - 55 10.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 9,848 29,001 34,866 - - 3,983 Restricted income funds 9,516 30,036 39,502 - - 50 Total 19,364 59,037 74,368 - - 4,033 10.3 Transfers between funds This Year Amount £ Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds - Last Year Amount £ Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds - |
Fund balances brought forward Income £ £ 3,983 37,233 50 34,563 |
Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ 41,211 - - 5 34,563 - - 50 |
Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ 41,211 - - 5 34,563 - - 50 |
Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ 41,211 - - 5 34,563 - - 50 |
Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ 41,211 - - 5 34,563 - - 50 |
|---|---|---|---|---|---|
| 4,033 71,796 |
75,774 - |
- | 55 | ||
| 19,364 59,037 |
74,368 - |
- | 4,033 | ||
| Amount £ - - - Amount £ - - - |
10.2 Details of material funds held and movements during the PREVIOUS reporting period
10.3 Transfers between funds
10.4 Designated funds
There were no designated funds at the year end.
11. Transactions with trustees and related parties
11.1 Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an employment in either the current or previous years for fulfilling their duties.
Page 8 of 9
11.2 Trustees' expenses
None of the trustees have been paid any remuneration or received any expenses for fulfilling their dutiesin either the current or previous years.
11.3 Transaction(s) with related parties
During the year The Telos Foundation received donations of £37,233 (2023: £29,001) from its wholly owned subsidiary company, Telos Partners International Limited.
During the year The Telos Foundation made contributions of £40,563 (2023: £47,251) to Tomorrow's Company (Enterprises) Limited to assist in the funding of research & development work.
12. Average Number of Employees
The average number of employees was Nil (2023: Nil)
Page 9 of 9
THE TELOS FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 IndtsperKlent Examlner'5 Report to tht Trust*s of Tho Telos Foundatlon I report to the Charity Trustee5 on my examination of the acc¢ts of charity for the year ended 31 Decernber 2024 whith conslsts of the statement of financial activitie5. balance sheet aThd the related notes Rtsponslbllltles and basls of rtport A5 the charity's trustee5 of the Company land also its directors for the PUryK)ses of company lawl you are responslble for the preparatlon of the accounts in accordante wlth the requirements of the Companles Act 2Crf)6 Ithe 2CIJ6 Act'i. Han9 satlsfied myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 21X)6 Act and are ellgible for Independent examlnaiion, I report In respect of my examlnation of your charity's accounts a5 carried out under Section 145 of the Charttles Act 2011 I'the 2011 Act'l- In carrylng out my examlnatlon I have followed the Dlreciions glven by the Char5ty Commisslon untler Sectlon 145151 Ibl of the 2011 Act. Independent examlners statement I have completed my exarnination. l ¢onfirm that no matter5 have come to my attentlon In connectlon wlth the examlnatlon glvfng me cause to belleve.. 1. accountlng record5 were not kept In respect of the Company as wulred by Sectlon 386 of the 2rx)6 Act,. or 2. the accounts do not accord wlth those records; or 3. the accounts do not comply th the accountiri8 requlrements of Se¢tlon 396 of the 2LI)6 Act other than any requlrement that the account5 8lve a true and falr vlew whlch Is not a matter con51dered as part of an Independent examinatlon. or 4, the accoiJnt5 have not been prepared In accordance vlth the meth¢)ds and prlnclples of the Statement of Recommended Practlce for accountln8 and reFN)rtln8 by tharltles lappllcable to charitle5 preparing thelr accounts In accordance wlth ihe Flnanclal Reporilng Standard appllcable In the UK and Republfjc of Ireland IFRS 10211. I have no concerns and have come across no other matters In ¢onrctlon wlth the examlnatlon to whlch attentlon Sho drawn In thls report In order to enable a proper understandlng of the accou rew 11 FCCA pbell Accountancy Llmlte td Chapel The Green Lower Boddln8ton NN11 6YE Date.. 27 June 2025