REPORTS AND FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 31ST AUGUST 2022
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
COMPANY REGISTRATION No: 13261660
CHARITY REGISTRATION No: 1195271
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
1
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
| CONTENTS | |
|---|---|
| Page 3 | Legal & Administrative Information |
| Pages 4 to 6 | Report of the Directors' |
| Page 7 | Statement of Financial Activities |
| Page 8 | Balance Sheet |
| Pages 9 to 14 | Notes to the Financial Statements |
| Page 15 | Independent Examiner's Report |
2
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1195271 COMPANY REGISTRATION NUMBER 13261660 DATE OF INCORPORATION 12th March 2021 START OF FINANCIAL PERIOD 12th March 2021 END OF FINANCIAL PERIOD 31st August 2022 DIRECTORS AT 31ST AUGUST 2022 Aurelia Kassatly Bertrand Perrodo
GOVERNING DOCUMENT Memorandum and Articles of Association incorporated 12th March 2021
OBJECTS
The object of the Charity are for the public benefit to further such purposes as are exclusively Charitable according to the Law of England and Wales from time to time, including without limitation the advancement of education (and in particular but not exclusively by establishing, promoting and maintaining social and emotional learning programmes).
REGISTERED ADDRESS
26 St. James Square London SW1Y 4JH
PRIMARY BANKERS
Metro Bank Plc One Southampton Row London WC1B 5HA
INDEPENDENT EXAMINERS
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS' FOR THE FIRST PERIOD ENDED 31ST AUGUST 2022
Introduction
The trustees of NILO Foundation, who are also directors of the company for the purposes of the Companies Act 2006, present their annual report on the affairs of the Charity, together with the financial statements and independent examiner's report for reporting period 12th March 2021 to the 31st August 2022, which represents NILO Foundation’s first period of operations. This report sets out its first annual accounts, which conform to FRS 102 and the Charities Statement of Recommended Practice (SORP).
NILO Foundation was incorporated on 12th March 2021 as a company limited by guarantee registered in England and Wales under company registration number 13261660 and registered as a charity with the Charity Commission for England and Wales on 22nd July 2021 under charity registration number 1195271. It is governed by its Articles of Association dated 12th March 2021.
Objectives and Activities
NILO Foundation was registered as a charity in 2021. Its charitable objects as set out in its governing document are: The objects of the Charity are for the public benefit to further such purposes as are exclusively charitable according to the laws of England and Wales from time to time, including without limitation the advancement of education (and in particular but not exclusively by establishing, promoting and maintaining social and emotional learning programmes).
These objects underpin its operational objectives. The trustees have paid due regard to the Charity Commission's guidance on public benefit when determining the activities of the charity.
Main Activities in Furtherance of the Objects
NILO Foundation’s mission is to make grants worldwide to organisations carrying out activities that are charitable in accordance with the laws of England and Wales with aims including advancement of education, promoting human development and learning, building community and transitioning towards a just and sustainable economy.
NILO Foundation approaches potential grant recipients, rather than accepting grant applications from organisations more generally. In addition to multi-year funding, it monitors its grantees closely, and provides strategic support in a range of areas, including partnerships and fundraising. This proactive, strategic and patient approach to grant-making is designed to encourage partners to tackle issues innovatively and to enhance their organisational development and impact, ensuring sustained and systemic change in the chosen cause area.
Initially, trustees decided to focus on advancing education and learning, in particular by supporting the systemic take up of Social and Emotional Learning (SEL) programmes in mainstream school systems. They instructed strategic philanthropy advisor Marie Paglinghi to research the issue and source and evaluate potential charity partners, both in France and the UK.
Marie Paglinghi spent several months interviewing above twenty experts on SEL, soft skills and whole-child education, reviewing the research and evidence, and mapping out the landscape of evidence-led interventions in the two countries.
She designed a two-tiered grant-making strategy. On one level, NILO Foundation should support frontline organisations that are training schools teachers on a range of tools and methods associated with SEL. On another level, NILO Foundation should fund applied research and advocacy in order to inform decision makers of the importance of soft skills, and to promote a policy environment that is conducive for SEL programmes deployment.
As part of that research, Marie Paglinghi identified a pool of potential charities, with a view to determining more information about their activities, impact, and whether they carry out charitable activities wholly charitable under the laws of England and Wales and which further the Charity’s purposes. The three French charities ScholaVie, EcolHuma (formerly SynLab) and Vers le Haut presented the most potential. They contributed in a different yet complementary way to the outcome of mainstreaming SEL in public schools, each acting at different levels of the education ecosystem.
4
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS' (Continued) FOR THE FIRST PERIOD ENDED 31ST AUGUST 2022
While EcolHuma has a broad mission that supports, empowers and trains the teaching community on a range of topics, including SEL, ScholaVie focuses specifically on training teachers in SEL. Vers le Haut specialises in disseminating applied research and informing policymakers, and acts as a peer-to-peer learning and collaborative platform for frontline charities.
NILO Foundation subsequently allocated large unrestricted grants to each organisation in April and May 2022, approved on the basis of a thorough and ambitious three-year business plan.
Collaborations and Networks
One of NILO Foundation’s core values is to adopt and encourage a collaborative mindset. Its high-level viewpoint as a funder working in different regions of the world gives it access to a rich ecosystem of philanthropic initiatives. It regularly exchanges with peers to explore opportunities for co-learning and co-action, and it encourages its partners to convene regularly.
NILO Foundation joined the Global Early Childhood Funders Group in December 2021, giving it access to a pool of likeminded funders already present in the space of SEL worldwide. In addition to monthly online calls, NILO Foundation attended a two-day seminar in Leiden in June 2022 that brought key learnings and inspiration and gave visibility to its SEL strategy to non-French founders.
NILO Foundation also joined L’Association des Grantmakers, an informal French group of private and corporate foundations meeting monthly to exchange ideas and good practice.
Achievements and Performance
Individual Grant Performance
Each grant has been carefully monitored through regular structured meetings with leadership. As of August 2022, the two frontline organisations had followed through on their strategic orientations and had been exceeding their targets in terms of teachers trained. The think tank had made good progress on delivering projects in line with plans, publishing research and organising well-attended events on the theme of SEL.
Systems-Change Impact
In addition to grant-level monitoring and evaluation, NILO Foundation follows carefully any structural developments associated with its thematic in France, such as government publications, policy-change, media pieces, or public opinion trends. Some important positive signals emerged after NILO Foundation deployed its grants, and while it is difficult to assess the level of attribution, it is safe to say NILO Foundation contributed to a certain extent by supporting its partners in deploying their advocacy and awareness-raising strategies.
Mainstream press published increased activity on the topic of soft skills, an issue barely spoken of in France a few years ago. The French government published a note in June 2022 recommending schools to put more emphasis on the mental wellbeing of their pupils, and on promoting a more caring environment. Finally, an inter-ministerial note was published in August 2022, recognising the importance of social and emotional learning for academic success, mental wellbeing and social cohesion, and recommending a nation-wide strategy to develop social and emotional skills in all children from 0 - 18y old in schools and informal educational settings.
Structure, Governance and Management
NILO Foundation is a charitable company limited by guarantee incorporated in England and Wales, governed by its articles of association. New trustees are appointed by decision of the Founder Member (the Founder Member is Bertrand Perrodo). On appointment the new trustees follow an induction process consisting of a one-to-one meeting with an existing trustee, working key documentation, including the articles of association, historical documents and NILO Foundation’s funding policy.
Day to day management of grant making activity is delegated by the trustees to Marie Paglinghi.
5
PILO FOUNDATION
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE FIRST PERIOD ENDED 31ST AUGUST 2022
(Incorporating Income and Expenditure Account)
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Investment Income 3b TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING) RESOURCES Balance Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL Funds Funds 2021/22 £ £ £ 476,007 - 476,007 - - - 476,007 - 476,007 386,537 - 386,537 38,699 - 38,699 425,236 - 425,236 50,770 - 50,770 - - - 50,770 - 50,770 |
|---|---|
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 9 to 14 form part of these financial statements.
7
NILO FOUNDAnoN lAcOMPA UITED8Y LAt4CE SMEET AS AT 31ST AUGUST 2022 FJ4 Jl-A22 F¢x•d Au•l• Cury•nt A•••¢• Coth •18•rth H¥ 51.72 51.720 NETCUIIRENT ASSETI 770 50.770 50.770 I1£7• 50,77 770 FuTr•llfv• Cllty no Olr•clor•' R•b1•A. the UK •no Rw4te41rvI (FASI¢J2). 2.).....p....l...... L3 PErL}
(A COMPANY LIMITED BY GUARANTEE)
NILO FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 31ST AUGUST 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 1st 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 Directors 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 in the same financial period 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 but is described in the Directors' annual report.
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.
9
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST AUGUST 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 Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.
Changes in Accounting Policies and Previous Accounts
There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts.
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.
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.
Designated Funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or
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.
Taxation
The charity is exempt from tax on its charitable activities.
Legal Status of the Charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
Fixed Assets
These 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.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at Directors' best estimate of market value.
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 per annum are as follows:
Equipment Cost 25% - Reducing Balance Basis Fixtures and Fittings 25% - Reducing Balance Basis
2. TANGIBLE FIXED ASSETS
The Charity held no Fixed Asset investment during this initial financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st August 2022 : None
10
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST AUGUST 2022
3. INCOMING RESOURCES
| a) Donations, Grants & Legacies Gifts & Donations Gift Aid b) Investment Income Interest 4. RESOURCES EXPENDED a) Charitable Activities Bank Charges Charitable Grants Consultancy Costs b) Governance Costs Independent Examiners Fee Legal & Professional Fees |
Unrestricted Restricted TOTAL Funds Funds 2021/22 £ £ £ 380,800 - 380,800 95,207 - 95,207 476,007 - 476,007 - - - - - - Unrestricted Restricted TOTAL Funds Funds 2021/22 £ £ £ 76 - 76 276,334 - 276,334 110,128 - 110,128 386,537 - 386,537 950 - 950 37,749 - 37,749 38,699 - 38,699 |
|---|---|
11
NILO FOUNDATION (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST AUGUST 2022
5. RESTRICTED FUNDS
The Charity held no restricted funds during this initial financial period.
6. CASH AT BANK AND IN HAND
| Unrestricted | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| Fund | Fund | 31-Aug-22 | ||
| £ | £ | £ | ||
| Cash at Bank and in Hand | 51,720 | - | 51,720 | |
| 51,720 | - | 51,720 | ||
| 7. DEBTORS AND PREPAYMENTS | ||||
| Sundry Debtors | Unrestricted Fund £ - |
Restricted Fund £ - |
Total 31-Aug-22 £ - |
|
| - | - | - | ||
| 8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Independent Examiners Fee | Unrestricted Fund £ 950 |
Restricted Fund £ - |
Total 31-Aug-22 £ 950 |
|
| 950 | - | 950 |
9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this initial financial period.
10. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Funds Funds 31-Aug-22 £ £ £ - - - 50,770 - 50,770 - - - 50,770 - 50,770 |
|---|---|
12
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST AUGUST 2022
11. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES
The Company is Limited by Guarantee (13261660) and is a Charity registered with the Charity Commission (1195271) and does not have a Share capital and has no income subject to Corporation Tax.
| Profit / Deficit for the financial year Other Recognised Gains Balance Brought Forward Closing Funds at 31st August 2022 |
TOTAL 2021/22 £ 50,770 - 50,770 - 50,770 |
|---|---|
12. STAFF COSTS AND NUMBERS
| Gross Wages, Salaries & Fees Employer's National Insurance Costs Pension Contributions Employees who were engaged in each of the following activities: Charitable Activities |
TOTAL 2021/22 £ 110,128 - - 110,128 TOTAL 2021/22 1 |
|---|---|
The Charity operate a PAYE Scheme to pay all employed members of staff. The Charity also employs members of staff on a Self-Employed basis and is not liable for their Income Tax and National Insurance payments. No members of staff received emoluments of over £60,000.
13
NILO FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST AUGUST 2022
13. DIRECTORS AND OTHER RELATED PARTIES
During the financial period Director Mr Bertrand Perrodo made a gift of £380,000 to the charity in furtherance of the charity's objects.
In connection with the establishment of the charity, and during the financial period, BNF Capital Limited (Registered Company Number 08474039) advanced the costs of the establishment and initial operating costs of the charity to the charity on the understanding it would be reimbursed by the charity when sufficient resources became available. The funds have now been reimbursed and there are no associated liabilities outstanding as at 31 August 2022.
Mr Bertrand Perrodo is a Director of the charity and is also a Shareholder of BNF Capital Limited (Registered Company Number 08474039). All conflicts of interest were identified, managed and documented in accordance with the charity's Governing Document.
No other payments were made to Directors or any persons connected with them during this financial period. No other material transaction took place between the organisation and a Director or any person connected with them.
14. RISK ASSESSMENT
The Directors 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 Directors 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 Directors have considered the level of reserves they wish to retain, appropriate to the Charity's needs. This is based on the Charity's size and the level of financial commitments held. The Directors aim to ensure the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity 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 charity should undertake.
17. COMPARATIVE FIGURES
There are no comparative figures available as this is the initial period of registered Incorporated Charitable Activity.
14
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trusteesl MtrS ofthe Nik• Foundatw the xcxthts for first 31st August 2022 8et out on pages 7 to 14. R88Ctiv& TesWnlltioB of trust••A and •xamln&r The Charty's trustees (who are 8180 the directors ol ts)mpBny for the purpo of fxjmpany lawl are pOnSIble for the preparation of the finanaal staternents. The trustees are satisfi&J that the aLbdit requir¢ment of Sectxjn 144111 ol the Charrt$ Acl 2011 lthe ktl does not aryty. and that Iher8 is no Tffjuirerrent in Ihe goveming document or constitution of Ihe Charity for the con¢Jutting ol an adit. As a cor9e. the trustees have ted that the financial statements be subject to indep8ndw)t •xaminatKIn. Having Satisfi myself that charity B Th)t $ubJ'ecl lo and is digibb for iwKlerndent examination. it is my resKx)nsibility to.'- al examine the ac£ounts $8ClIc 145 of thgA bl to follow thè proc8dur8s iqKI d¢M in th6 General Dir8d•Ms giv by Ihe Charity Cornmlssh)n under sethon 14515llbl of the Act", and". ¢1 to stat¢ whether partscular matters hav• comè to my attentkyK BJ•l• of Ind•p•nd•nt •Mmln•rf• tht•m•Trt I conduct6d my èxaminabon in accordan wth thè Gwral 9iV8n by the Charity Commissioners lor EngLqftd & Waks In relatbn lo Ihe ¢x¥)duciing ol an indepeThYent examlnalkjn. rtf8rr•J to aiM)ve. An independent examinallon Includè5 a r8Vi8w of the 8co)untyng records kèpi by th8 Charity and of the accounting SyS18m5 ompkJy by the Charity and 8 mpan80n ol the flnanclal stattmènts w980nled vthh those records. 11 also llud nSideratIOn of ony unusual btsrns or di¥¢losurg8 in the financh?I statements. and sèèktTrJ exrA0nat from you 8$ Irus1 con¢•mlng $u¢h rnaii#f8. The ptsrkw of the trxarninaiion is lo 8$lsh as far as I>ble Ihat Ire have be8n no broach8s of the Ch8ritles glslaiion and Ihal the finarKi?I ststements comply with lh8 SORP. on ? lesl ba. ol e¥Sdence r8levanl io tho arnount¥ and disclosures In the financial statements. Th• procaJur85 Undertak dc+ not wovido all th• •4kJ8nc• that wwkl b• Ir•d In an audrf, snd informatlon 6uOi¢d by the Iru5te8s In lh8 courno of the examinatw 18 no¢ 8ubjected io audit tè8ts or gnqulrios, and consequently I do not express an audit opinv)n on the view gNen by Ihe financial ststements, 8nLI in partlar, l express no tspinion al to whether the financkal statom•n give a Irue and fair VKW of Iho 8ffAlrs of th? charty. and my report h limited to th8 m8iiars w out In Ihe Jiaieffleni teicr. I planned and performed my oxamimtion so as Iv ¥ll¥ly iiiyèf Ili¥ Ihtr Ind¥wrid¥ni ex¥mln¥lb)n 8rg achieved and before fin81i&rrfJ the reFrt)rt l obtain wrrtten a$surart from tht trust of all material matters. Ind•p•nd•nt •xamln•f• •t•t•m•nt The charity's gross income excee(IB(1 £250.CQO aTrJ l am qual to un(I8rtake the examinallon by beiThJ a 1104 m8mb8r ol th8 ASSLXt40n of AceLwnting Tthnr In the ¢ours• of my •xninatlon. no matter ha¥ corr to my a¢lentWl: which qlvos mtr rea50nablg e lo belwe that in, any malerial respacL th• trusteè$ requirwnents: . to keep xcounting records In Ccnc th section 386 of the Companies Act 2(X)6'. and . to prepare aoniS whKh accor(l the acctyjnbng rordS. comY wilh the a(tounting reouirements ol section 396 of the cornp8nS Ac¢ 2C#)6 aThJ with the sMIKyJs ol the Slalement of recommended Practice.. Accounting and Reporting by Charities. have not been met ¢x io whkh. In my oplnk)n. aitaniion sh(MJld t* (trwm In ¢ythr lo 01& a uTrJer8tandirg of the acwunts to be reached. K. Collaku MAAT C80tle View Accounn9 Lt<l New Barn Mudberry Lan8 Bosharn Chichester West Sussex P018 8TS Date.. 3rd F8bruary 2023