## **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 t￿gani￿onI 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(L￿bry whcios •kx* . Pryr• tknancLqI on lh• gow is kn•FvCV￿t* &) w•wme tt*t th8 CIO w nue In •Xiaten￿. TTh• trwtee$ are keepry pr(w re¢rrt& th>*Ae Te•xxwtl8 ai •ry the fin•￿G￿l oftho CIO. Thgy 4re •*0 To6￿1￿• ltr￿ •wts dl1* CIO •NI I￿.n￿ rea80nat4e Slw•O w twr bth•W by T1￿1•¥ ........... ## **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 (￿an￿br￿) AS AT 31ST DECEMBER ZQ22 Totsl Funds Jl_D•e42 Flx•d A•*ts Tangitl& Assets Totsl FJx•dA••rt• D*binrs & 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 SIWffith*btha¥byTn*•......... . prtnled N￿e.. ## **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 ASSETS**less 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 ￿x￿nts for the ye81 eThJed 31st EwmLw 2022 set out on pages 6 10 1S. R￿p8¢kn¥• r•w¥ibiliti•• of1Th4t••8 and •x•rnln•r Tliv LlidiityS bu¥lw> •1¥ i¥>wiièslAv Ivi Ui¥ V¥Vdldl#Jii vf Uv8 I￿ul11>. Tti¥ Llioiily'b itLL¥lwa LxJii¥¥J¥i Ilwl ali auQil i¥ iivl rOqUlfod for thi6 yoar undor GOGlion 144 of tho c￿￿11￿)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 01f￿h)n5 ow) Dv the cnafflv commi￿on lunaer sectlon 14515llbl of the ChBril*s 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 XWrd8￿e wllh ger*rnl D*ecUons 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 lint1*￿1 il•m¢ nr Aisehsiir*4 in thg #ccwnl$. and seeking eyplan#lion# frorn th• trustees concemlng any Such mattets. The pr￿luTt$ ￿r￿en$￿en ¢0 not prO￿￿e all Ihe e￿￿ence 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 red￿nabl• cAuo• to bo1i•v• ih•t in •ny m•t•ri•l r••p•¢t, th• r•quirgn*nl8". 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￿ Ac￿￿n￿r￿j Lttl Nvw Bain Mudberry Lana Bosham Cliibli¥ètt West SUESQX P018 8TS Datè.. 13th OCto￿r 2023 16