ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1193310
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
1
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal and Administrative Information |
|---|---|
| Pages 4 to 5 | Trustees' Report |
| Page 6 | Statement of Financial Activities |
| Page 7 | Balance Sheet |
| Pages 8 to 15 | Notes to the Financial Statements |
| Page 16 | Independent Examiner's Report |
2
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1193310 DATE OF REGISTRATION 28th January 2021 START OF FINANCIAL PERIOD 1st January 2022 END OF FINANCIAL PERIOD 31st December 2022 TRUSTEES AT 31ST DECEMBER 2022 Rabina Nawaz Max Dewdney Lillian Gerber Clive Bower Andreea Manga LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 28th January 2021
OBJECTS
For the public benefit, to further or benefit the residents of the London Borough of Waltham Forest and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by association together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the resident. In furtherance of these objects but not otherwise, the Trustees shall have the power: a) To establish or secure the establishment of a community centre and maintain or manage or co-operate with any statutory authority in such maintenance and management of such a centre for activities promoted by the Charity in furtherance of the above objects.
CORRESPONDENCE ADDRESS
PRIMARY BANKERS
INDEPENDENT EXAMINERS
41 Millfield Avenue London E17 5HH The Co-operative Bank Plc P.O Box 1011 Ballon Street Manchester M60 4EP Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2022
Objectives and Activities
The charity’s purpose is to maintain and run a small hall and grounds for the use of the public of Waltham Forest at low cost and to run activities at and from the site.
As well as hiring out the hall and grounds, the charity runs a Community Outdoor Group which has cycling as its central activity, and a Community Social Activity Group which is a meeting group of needleworkers whose produce is distributed to hospitals and children’s charities.
The Trustees have had regard for the charity’s activities to be exclusively for the public benefit.
Achievements and Performance
The Hub hall and grounds continue to be used for as a very popular venue for children’s parties (a total of 47 bookings), weekly exercises for the elderly, dancing, mothers and toddlers groups, martial arts, cycling, dog training and many other activities.
There is no comparable facility for the use of the public in the immediate area of the Hub, and the facility of having a large fenced outdoor area (which includes a large semi-permanent marquee so that, even in inclement weather, activities can continue) that can be private to the hirer is almost unique in Waltham Forest.
The Community Outdoor Group ran coaching groups for young people on balance bikes, BMX and mountain bikes and cycle mechanics, including running cycling classes for local schools.
During this year we negotiated with the Council to permit an extension of the facilities available at the local BMX track at Cheyney Row Park and we have added two shipping containers, one converted to be a clubhouse and the other to be an office and kit storage.
This activity was grant funded or sponsored, with grants from Access Sports, Clarion Housing, Community Fibre, Foundation Futures, Groundwork, the LVE Foundation, the National Lottery and Waltham Forest Council.
The Trustees are continuing to negotiate with the local Council and others towards the building of a new hall on the site, and have received grants to fund the feasibility of this project, including site surveys, landscaping plans and the development of a business plan.
The National Lottery also made a grant towards an addition to and modifying existing park gates to afford better access to the Hub both to enable evening use (previously not possible because the park is closed to the public overnight) and to make disabled access by vehicle possible.
Financial Review
The charity’s main income is associated with the hiring of the hall and grounds. This fund was in robust shape at the end of the period.
The Community Outdoor Group is well funded through grants, and care is taken to ensure that the funds supporting these activities to not go into deficit.
The Community Social Activity Group fund was in small deficit, but Waltham Forest Council continues to provide grants to support this important activity.
The charity does not have a specific reserves policy, but does monitor its cash holding carefully and all expenditure is weighed against cash which is held, taking into account that there may be unexpected costs.
The charity has no employees, nor other future commitments which it needs to make allowance for other than unexpected maintenance costs.
The charity is financially quite strong in relation to its commitments.
The charity’s source of funds to maintain and run the hall and grounds is through hire fees.
Other activities are all funded by grants.
The charity does not raise funds from public donations.
4
HIGHAM HILL HUB CIO ICthaiitaNe InctYpy¥ted tganionI TRUSTEES. REPORT {Coniinu•d) FOR TMEYEAR ENDED 31ST OECEMBER 2tr1Z The Charibes Act 2011 re(BHres the tru& to Fwre fwHnEial far financial gvè a true and fBlr oflho Lrf affars lh• CKI Lrf IhB CKI kn Ihat wknj. Ihtw fin(1•1 61kn th trustse$ are wuir8d t . &)knct suilth ac(Lbry whcios •kx . Pryr• tknancLqI on lh• gow is kn•FvCVt &) w•wme ttt th8 CIO w nue In •Xiaten. TTh• trwtee$ are keepry pr(w re¢rrt& th>Ae Te•xxwtl8 ai •ry the fin•Gl oftho CIO. Thgy 4re •0 To61• ltr •wts dl1 CIO •NI I.n rea80nat4e Slw•O w twr bth•W by T11•¥ ...........
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Activities for Generating Funds 3b Investment Income 3c Other Incoming Resources 3d TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward Transfer of Funds 18 TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022 2021 £ £ £ £ 7,933 65,788 73,721 40,888 20,407 293 20,699 6,581 - - - - 2,418 - 2,418 495 30,758 66,081 96,838 47,964 18,198 55,761 73,959 77,370 1,024 - 1,024 575 19,222 55,761 74,983 77,945 11,536 10,319 21,855 (29,981) 13,131 661 13,792 - - - - 43,773 24,667 10,980 35,647 13,792 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 15 form part of these financial statements.
6
HIGHAM HILL HUB CIO ICharitst4e IncrTr)ratÈd (anbr) AS AT 31ST DECEMBER ZQ22 Totsl Funds Jl_D•e42 Flx•d A•ts Tangitl& Assets Totsl FJx•dA••rt• Dbinrs & CoJh 01 B•nk end in Hand Totsl GurrwrtA•wts 25,367 20.J•7 10.080 10.•00 36.347
O.J47 14,367 14,367 700 $75 NET CUFIRENT AS8eTS 24.187 1Q990 3S647 11792 TOTAL A38ETS rjmni lilith. 10.980 3S647 13,792 io ¢)n• y•ar 10.980 13,75A FwO•ofth• Ch¥lty G¥nEral Fund R•8tncted Fun 24.e67 24.667 10.980 11131 24.M7 1q980 35,647 SIWffithbtha¥byTn•......... . prtnled Ne..
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
8
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Reducing Balance Basis
2. TANGIBLE FIXED ASSETS
The CIO held no fixed assets during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st December 2022 : None
31st December 2021 : None
9
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gifts & Donations Grants Received 5 b) Activities for Generating Funds Community Social Club 5 Premises Hire Sponsorships Income Subscriptions Income c) Investment Income Interest d) Other Incoming Resources Reimbursements Sundry Income |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022 2021 £ £ £ £ 500 - 500 1,300 7,433 65,788 73,221 39,588 7,933 65,788 73,721 40,888 - 293 293 - 18,274 - 18,274 6,003 1,270 - 1,270 500 862 - 862 78 20,407 293 20,699 6,581 - - - - - - - - 1,786 - 1,786 480 632 - 632 15 2,418 - 2,418 495 |
|---|---|
10
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
4. RESOURCES EXPENDED
| a) Cost of Charitable Activities Administrative Expenses Cleaning Costs Coaching Costs Community Outdoor Project 5 Community Social Club Costs 5 Equipment Costs Feasibility Study 5 Insurance Costs Marquee Construction Costs 5 Office Costs Parking Costs Refunds Rent & Rates Repairs & Maintenance Sundry Expenses Utilities b) Governance Costs Independent Examiners Fees 9 Legal & Professional Fees |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022 2021 £ £ £ £ 968 - 968 623 1,528 - 1,528 1,180 1,025 - 1,025 - - 55,461 55,461 30,167 - 300 300 412 591 - 591 515 - - - 17,703 1,435 - 1,435 549 - - - 12,766 301 - 301 228 354 - 354 - 4,137 - 4,137 1,105 3,899 - 3,899 8,117 2,235 - 2,235 4,005 995 - 995 - 730 - 730 - 18,198 55,761 73,959 77,370 700 - 700 575 324 - 324 - 1,024 - 1,024 575 |
|---|---|
11
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
5. RESTRICTED FUNDS
CURRENT FINANCIAL PERIOD
| LBWF COG Grant LBWF Marquee Grant Clarion Futures COG LVE Charitable Foundation COG Grant Access Sport COG Grant Community Club Savings Community Social Club Lottery Fund Gates Grant COG Foundation Futures Grant COG Groundwork Grant COG Community Fibre Grant COG ESC Lottery Fund Grant |
Balance Transfer of Balance 01-Jan-22 Income Expenditure Funds 31-Dec-22 £ £ £ £ £ 723 - 723 - - - 1,250 - - 1,250 - 10,000 6,170 - 3,830 - 5,000 5,000 - - - 1,050 1,050 - - (62) - - - (62) - 293 300 - (7) - 9,400 8,555 - 845 - 25,050 21,080 - 3,970 - 2,000 2,000 - - - 2,500 1,346 - 1,154 - 9,538 9,538 - - 661 66,081 55,761 - 10,980 |
|---|---|
PREVIOUS FINANCIAL PERIOD
| Bright Ideas 1st Grant TfL COG Grant 3rd Tranch LBWF COG Grant 2nd Tranch Bright Ideas 2nd Grant Clarion Futures COG 1st Grant LBWF Marquee Grant Mayor's Office Marquee Grant LBWF COG 2nd Grant Comic Relief Marquee Grant Clarion Futures COG 2nd Grant Clarion Futures COG 3rd Grant COG Cycle Mechanics Grant BMX/Striders COG Grant LVE Charitable Foundation COG Grant CCS Scaffolding COG Shirt Sponsorship Grant Access Sport COG Grant LBWF Cleaning Grant Community Club Savings |
Balance Transfer of Balance 28-Jan-21 Income Expenditure Funds 31-Dec-21 £ £ £ £ £ - - 2,409 2,409 - - - 32 32 - - 2,500 2,047 270 723 - - 15,000 15,000 - - - 278 278 - - 1,250 1,250 - - - - 702 702 - - - 5,000 5,000 - - - 4,000 4,000 - - - 5,000 5,000 - - 5,000 5,000 - - - 2,000 2,000 - - - 3,000 3,000 - - - 1,000 1,000 - - - 500 500 - - - 6,170 6,170 - - - 125 125 - - - 350 412 - (62) |
|---|---|
| - 21,895 53,925 32,691 661 |
Restricted funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
12
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
6. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial period.
7. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Dec-22 31-Dec-21 £ £ £ £ 25,367 10,980 36,347 14,367 25,367 10,980 36,347 14,367 Unrestricted Restricted Total Total Fund Fund 31-Dec-22 31-Dec-21 £ £ £ £ - - - - - - - - |
|---|---|
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees | Unrestricted Restricted Total Total Fund Fund 31-Dec-22 31-Dec-21 £ £ £ £ 700 - 700 575 700 - 700 575 |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial period.
11. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Funds Funds 31-Dec-22 31-Dec-21 £ £ £ £ - - - - 24,667 10,980 35,647 13,792 - - - - 24,667 10,980 35,647 13,792 |
|---|---|
13
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
12. STAFF COSTS AND NUMBERS
The Charity employed no members of staff during this or the previous financial period.
13. TRUSTEES AND OTHER RELATED PARTIES
The only payments made to the Trustees consisted of reimbursements of expenses incurred in furthering the Charity's objects and no direct benefits were received by the Trustees during the financial period.
No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
14
HIGHAM HILL HUB CIO
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022
18. TRANSFER OF FUNDS
The Directors of Higham Hill Hub Community Interest Company (Registered Company Number 10462014) sought guidance and advice and have agreed to register the Charitable Incorporated Organisation, Higham Hill Hub CIO (Registered Charity Number 1193310). All assets and liabilities were transferred from Higham Hill Hub Community Interest Company (Registered Company Number 10462014) to Higham Hill Hub CIO (Registered Charity Number 1193310) during the period ended 31st December 2021 and the assets and liabilities transferred are as follows:
| Fixed Assets Tangible Assets Current Assets Debtors & Prepayments Cash at Bank and in Hand Total Current Assets NET CURRENT ASSETS TOTAL ASSETSless current liabilities NET ASSETS Funds of the Charity General Funds Restricted Funds Total Funds Transferred Creditors:amounts falling due within one year |
Unrestricted Restricted Total Funds Funds 28-Jan-21 £ £ £ - - - - - - 11,082 32,691 43,773 11,082 32,691 43,773 - - - 11,082 32,691 43,773 11,082 32,691 43,773 11,082 32,691 43,773 11,082 - 11,082 - 32,691 32,691 11,082 32,691 43,773 |
|---|---|
15
HIGHAM HILL HUB CIO (Charitable Incorp)rated 0rganis8ts.onl INDEPENDENT EXAMINER'S REPQRT ON THE ACCOUNTS Report io the irusi merntsers (K Hlgham frMII CIO on xnts for the ye81 eThJed 31st EwmLw 2022 set out on pages 6 10 1S. Rp8¢kn¥• r•w¥ibiliti•• of1Th4t••8 and •x•rnln•r Tliv LlidiityS bu¥lw> •1¥ i¥>wiièslAv Ivi Ui¥ V¥Vdldl#Jii vf Uv8 Iul11>. Tti¥ Llioiily'b itLL¥lwa LxJii¥¥J¥i Ilwl ali auQil i¥ iivl rOqUlfod for thi6 yoar undor GOGlion 144 of tho c11)6 AGt 4011 (tho Choriliots Aotl and that +Jn indopondont Omomination 1¢ need8d. It is my rosponsibilty io.. p.xamine the ar£rAinls uThJ8f sectity) 145 ol IhÈ Charil Aet. follow the prcKedures lakj (k)wn In the 01fh)n5 ow) Dv the cnafflv commion lunaer sectlon 14515llbl of the ChBrils Act, 8nd ststo hgr partictjkn mettws hgve c( to my atten B••l¥ of Ind•p•nd•nt •urnln•rf• •t•t•rn•nt My 9x8rninatlW W88 urripd out In XWrd8e wllh gerrnl DecUons gfven by Ihe Chadty ComrnlssloTh. An examlnaibn Inoludco o fCVi¢W of Iho o¢¢Jountlng lo)rd k¢pl by thc thority und o comporiwn of thc occounta prcxnlcd with thoao rAr.nrds 11 alsn inr.Ii¥lpq rthnsklAratinn nf any lint11 il•m¢ nr Aisehsiir4 in thg #ccwnl$. and seeking eyplan#lion# frorn th• trustees concemlng any Such mattets. The prluTt$ ren$en ¢0 not prOe all Ihe eence ih81 would be requlre¢J In •n aud41, and conitqu8nlty no opiniort li gi¥•n •• to wtsthor tho xcounts pr•••Trt a Irua and fair. vi•w and the r•port 18 1Srnlt8d to tlb)$8 mott8rs 8Ot c4Jt In th• gtstèmént W)w. Ind•p•nd•nt •x#mln•ei •tst•mgnt In connection wlth my ¢x•mlnalkJn, no matter has come to my attention.. ¢h glv•$ mo rednabl• cAuo• to bo1i•v• ih•t in •ny m•t•ri•l r••p•¢t, th• r•quirgnnl8". to keep ¥¢eounting reccrf¢Jg In accordance 130 01 Ihe charl1 Act., and to prgpar• accoLtnt$ hkh x¢ord wth th• aKounb"ng t4)d ¢ompty wrth the •c¢oundng wulr¢m?nt8 ol the Charit Act have not toen mèt" or 2. to which, In My wnl)n. attentsth) Sp)uld be drawn in c*der to enablè a prow understanding ol the accounts to be reabhed. K. Collaku MA4T Castle VI Acnrj Lttl Nvw Bain Mudberry Lana Bosham Cliibli¥ètt West SUESQX P018 8TS Datè.. 13th OCtor 2023 16