Our ref: DBIJD 22 May 2025 Mccabe FordWilliam3 61 High StreEL Cranbrok Private and Confidential Mr C HoiOay The Trustees Office Dunk's Almshouse Rye Road Hawkhurst Kenr TN184HF TN173EG Td 01580714111 MLauk Dew Colin Dunles Atmshouse Cknty Further to ovr receni nall correspondence and your ePhone conversation with I now enc105e a copy of the accounts for Che year ended 31 Decemb¥ 2024 for the wuSe$, approval. If these are approved by the trngteeg, would you ple3sÈ 2rrange for the crustees to sizn and date page four and seven and return to me. I will then forw74rd the bound copies with the independent examirTrer'5 report duly signed. Also enclosed is a letter of representstion from the trurtees to oursefves. This is a standard letter which sets out those matters relaong to our preparaDon of your accotjnts on which we Ve to rely on rePenOn$ and confirmations by the trust If the trustees are happy with the conrenrs of the letter this should be electronically approved. ease ler me know if you have any querie sincerely lo Deeprose Encl. ICAEW CHARTERED ACCOUNTANTS ICAEW ACCREDITED FOR PROBATE
DUNK'S ALMSHOUSE CHARITY A CHARITABLE INCORPORATED ORGANISATION CHARITABLE REGISTRATION NO 1203952 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
DUNK'S ALMHOUSE CHARIT A Charitable Incorporated Organisation (Charitable Registration No 1203952) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INDEX PAGE Legal and Administrative Information Trusrees. Report Independent Examiner's Rep)rt Statrment of Financial Activiues Balance Sheet Notes co the Financial St3Ments Income and Expendicure Account 12
Dunk's Almshouse Charity A Charitable Incorporated Organisation Legal and Administrative Information Trustees Following a resoluuon datsd 23 April 2013 the intenoon is for there to be eleven trustees. These would consisc ofr. One Ex-otficio Trustee - being the vicar for the ome being of the Parish of Hawkhurst (but the vicar has resigned from the Board of Trustees vth effecL from 5 August 2022 xnd has not been replaced). Five represenrative Trusrees - being appointed by the Parish Council of Hawkhur5L Six co-optative Trustees Parish of HawkhursL being persons residing or carrying on business in or near the Ancient The Trustee5 who have 5eFved dLtring the year wer Mr N Collison Mr5 S Cornish Mrs J Faulkner Mr C Faulkner Miss E C Roberts Mr5 G Cannon Mrs H Van Kan Mr C C Hobday Representsuve and Chaimmn Representative copve c(p¢20¥e Co•OPtative Representative Representative Representatsve Treasurer Principal Office Clerk to Trustees Mrs L Panung & Mis5 M Sandys Dunks Office Flat 5 Dunk'5 Almshouse Rye Road Hawkhurst Kent TN18 4HF Bankers Barclays Bank plc Ashford Branch 66 High Street Ashford Kent TN24 8TL Solicitor Bu55 Murton LLP Clermont House Independent Examiner Mccabe Ford Williams Bank Chambers High Street CRANBROOK CRANBROOK Kent TN173DN Keni TN173EG Page I
Dunles Almshouse Charity A Charitable Incorporated Organisation Trustees. Report Incorporation As A Charitable Incorporated Organisation A new Charitable Incorporated Organisafion. Dunk's Almshouse Chariry Yos registered on 12 July 2023. A resolution was pAs5ed on 3 Augu 2023 that all the property and assers of the Dunk's Almshouse Charity (Charirable Regisrration No 240563) k transferred to the newly fornied Ch2rit2ble Incorporated Organisauon. Dunk's Almshouse Charity (Charitable Registration No 1203952). This transfer took place on 3 August 2023. The accounts for the previous year were prepared as merger accounts. Objects Of The Charity The object5 of the Charity are to provide accommodation for poor PeOnS of good character who (except in special cases co be approved by the charity commission) have resided in the area of the Ancient Parish of Hawkhurst for not less than two years prior to their appointmenL The charity Nyks established by the Will of Sir Thoma5 Dunk dated 8 July 1718 by which he bequeathed Ixnd at Hawkhurso Kent on which he direcred that a building should be erected with money also bequeathed by him to comprise six almshouses a School and a schoolmaster's house to be administered by uustee5 as described in his will. The building was erected after his death by his executor and the tharity vrds organised in accordance with his directions. The building was extended in the 19 century to provide more space in the almshouses. By an Order of the Charity Commission dated 19 August 1904 the part of the Charity comprising the almshouses d5 separated from the part held for educational purposes. Ihe charities to be henceforth Called Dunk's mShouse Charity and Dunk's Education Foundation respecEively. Dtjnk's Almshouse Charity (including another charity (211ed Springett's Eleemosynary Donation) are now governed by a Scheme made by the Chariry Commission dated 15 February 1916 as varied by Scheme dated 25 sePtnber 1970. The Governing Docuwneni used ai estsbli5hment of the Chariry has been (arried across on the forniatbon of the Charit2ble IncorpoTrted Owdnisation on 12 Juty 2024. In 1969170 the stx almsh¢)uses together with a part of the buildin& which Wds leased to Dunk's Almshouse Charity by Dunk's Educational Foundation by a lease for 99 years from l June 1970. were converted into eleven modernised almshouse5. In 1991 National Wemin5ter Bank PLC donatrd to the Trustees of Dunk's Almshouse Charity a piece of adjoining land to be used for the purposes of the Charity 2nd UFQn the charitable tru5(s aptAicable thereto. Four bungalows were buili behind the original almshouses over the period from l January 199B to 31 December 2¢)00. From 20 January 1998 the Chariry 15 a Rred Social Landlord under the Housing Act 1996 Page 2
Dunies Almshouse Charity A Charitable Incorpornted Organisation Trustees. Report Continued Organisation The Trustees who served during the year are set out on pkge one. The Representative Trustres are appointed by the Parish Council and the Co-OPEative Trustees are people residing or carrying on a business in or near the Parish of Hawkhursc The truscees meet quarrerly. Reserve5 Policy It the policy of the chariry to build up the Exrraordinary Repair Fund to a target of £200.000 by 2017, co provide sufficient fund5 to deal with a major emergency, such as a fire with consequent costs of rehousing the residents during a period of repair. The Cyclical Maintenance Fund should be maintained at a level to adequately cover the budgeted maintenance coscs for the forthcoming year, while the General Fund should be maintained at a level w adequately cover the budgeted c05t& excluding the maintenance costs. for the coming year. At the year end the balance on the Extraordinary Repair Fund stood at £390,478 and the Cydical MainTrnance Fund at £51.925. Risk Management The Trustees have assessed the major risks to which the charity is exposed. in particular those relating to the buildins operations and finances of the chartry and are satisfied that systems a in place to mitigate their exw)sure to the major risks. Public Benefit The Trustees confirm that they have referred to the guidance contained in the Charity Commission s general guidance on public benefit when reviewing the Trust's aims and objettives arsd in planning fvture activities. Statement of Trustees. Responsibilities Charity law requires the Trustee5 to prepare financial statements for each financial year which grive a true and fair view of the affair5 of the Chancy and of its financia5 activities for that period. In preparing those financial statementy the Trustee5 are required to: _ select suitable accounting licIeS and apply those policies consistsndr, make judgements and estimates that are reasonable and prudent State whether applicable accounting srandard5 and statemenr5 of recommended practice have been followed subjett to any deprtures disclosed and explained in the financial statemenrs. d) prepare the financial sr2trments on the going concern basis unless it is inappropriate to presume that the charity will contynue in oper&tiOn. The Trustees are responsible for keeping proper accounting records vA)ich disclose with reasonable Iccuracy at any time the financial position of the Charity and to enable them co ensure that the financial sratements comply with the re5evant provisions of the Charicies Att 201 l. They xre also responsible for s2feguarding the assets of the charity and. hence. for taking reasonable steps for the prevention and decOn of fraud and other irregularirte P2ge 3
Dunys Almshouse Charity A Charitable Incorporated Organisation Trustee5' Report Continued Review of The Year and the Future Dunks Almshouse Charity held a good and stable financial position throughout 2024. This was despite rising utility costs and ongoing maintenance of the residential properties, school hall and communal areas. In June 2024 Dunk'5 held 2 3(M) year celebrntion aimed at ra15ing the Dunk's profile 2nd generating funds for the education charity. Thi5 has raised the Dunk's Educational Foundation balance by approximately £3.000. Trustee Nigel Collison Trustee C Hobday Date: Page 4
Dunk's Almshouse Charity A Charitable Incorporated Organisation Independent Examinerfs Report to the Trustees of the Dunk's Almshouse Charity We report on the accounts of the Trust for the year ended 31 December 2024. which are set out on pages I to 12. Respertive responsibilitie5 of trustees and examiner A5 the charity's trustees you are reS$[ble for the preparation of the accounts- you consider that the audit requirement of Section 144 of the Charittes Aa 2011 (the Acr) does noi apply. It 15 my responsibility to examine the accounts (under secuon 145 of the 201 l Ac( to follow procedures laid down in the General Directions given by the Charity Commissior)er5 under sectiorh 145{5)(b) of the 201 l Att and to s>ts whether particular matters have come to our attention. Basis of independent examinees report My examination was carrhed out in accordan with the General Directions gtven by the Charty Commissioners. An examination includes a review of the accounting records kept by the chariry and a compari50n of the accounrs presented with those record& It also includes tonsideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi¢ and consequendy Y do nrx express an audit opinion on the wew given by the accounts. Independent examinePs statement In connecuon with my exarnination. no maw has come ro our attention: ( l) which gives me wsonable cause to believe that in any material respert the requirements to keep accounting records in accordarstt section 130 of the Act: and to prepare accounts which accord wth the 2ccounong records and to comply with the accounting requirements of the Act have not been meo or (2) to which. in rny opinion. attention should be drnwn in order to enable a proper understanding of the aCCOLsnts to be reached. D Boobbyer Mccabe Ford Williams Chartered Accountant Bank Chamber5 High Street CTrnbrook Kent TN17 3EG
Dunk's Almshouse (lty Stater¥ie¢)t of Financial Acuvitye5 F0rtheYear•red 31 December 2014 Fuhd Fud Fwd Fur 31.IZ24 31.12.2J lrtcome and EndowfnDTrtslrOn 5CII 3.067 Inrerest Di¥th¢ds Maintenan¢e ContnThuUC 4.913 5.486 .J70 4.913 S.406 19.370 IY.051 109.769 109,769 I029 mndItUre on: Direct ChaAtabl• Expethlitur• Kent pa Cyclid rna1an Other rna4ntenan GardEfuhg ExLraordinary miniEtMIKe Council tsx 12J14 IL514 9.959 16.599 &617 924 29.102 •52 29.102 851 J,471 J,477 4.214 408 21.014 sos 1,003 S,Q84 8441 Insuranc 4.700 G25 and elxtiicity Catting Stsci31 21.024 505 IMJ 5,084 78.781 129S 5.860 .693 Ac¢oununEylAud i Joo 1300 9.784 iJio 13,494 1,200 1.100 9,784 aerk'sfoes ind Ewes 849 14.279 13,494 Tot È4)endiwrn 91,276 ijo ,9n Net incorn•l*xpenditvre before %5 investments (5W) 17.493 Ih33 13.0 Nqt y1th{lo$s}ts In¥e5tnieThts 2.394 17M16 11,358 53.ln Nut IncomelExpenditure 1394 (4.713) 17,493 34991 Tranrfer5 btttween funds Trnrtsfer to CydKal fvnd Trtnsfer lo Extraordinzry FL 7.121 17.821} Net Movement in Fund5 lJ94 I¥A16 3.10 9hn 32,991 6&229 Re¢MlIation olfvn Totsl funds blghtfrWd 161.910 372.662 17 137.471 060 754.631 264.304 51.925 147.143 853.851 820.860
Dunk's Almshouse Charlty Bance Sheet A5 at 31 December 1024 Endowmen¢ Fund fttpair Fund Total Totsj 31.12.23 Fund Fund 31.12.24 Note Freehold Prnperty Cost Less Soc131 HousingGr% 23,IS3 (83.233) 155.920 239,153 (83.Z33) 155,920 239,153 183.2331 155.910 IreStments 104384 3W.478 51.92$ 5SO.787 529.430 Fixd Assets 264.304 390.478 51.925 704707 6BS.350 Current Assets Debtor5 and prepayments COIF Deposit CUentACcOuni & cash 3.771 106.581 40.141 150.495 3,771 106381 40,142 1511.495 5.560 76.181 63,963 14S.705 Current Liabilities CdItorS 3J51 3.351 10.194 Ner Current AssÈts 147.144 147,144 Nec A5set5 Z64J04 39478 51.925 853,851 820.860 Fund5 Pemianent EndoiMnent Fund Exrrdordlnary Ryr Fund Cyclical Fund General FuDd 26VIM 264,304 390,478 51,925 261.910 371.661 48.817 390.47• 51.925 264,304 390,478 51.925 147.143 853.851 820.860 ThE finandal statenenrs have been Fwred in acCordae ith the requlrtymts of FK$102 and (rfthe Ststemty of Recommended Pracrice. Acci)thtsreand RePOn& by ChariDe Approved by the Tn Slgned Nigel Collison SIST Colin Hobday Date&. 2 d/Af/Z,-
Dunvs Almshouse Charity A Charitable Incorporated Organisation Notes to the Financial Statements for the year ended 31 December 2024 I. ACCOUNTING POLICIES Basis of Preparation These accounts combine the accounts of all funds Ythich are governed by the ierms of Ihe order dated 15 February 1916. They have been prepared on the 3ccruals basis and include items of income and expenditu as they are earned or incun-ed, r&ther than as cash is reiVed or paid. The accolsnts are prepared in accordance vlith the prowsions of Secuon IA "Small Entities" of Fin2ncial Reporting Standard 102 'The Financial Reporring Srandard applicable in the UK and Republic of Ireland" and the St2tement of Recommended Practice "Accounting and Reporting by Charities" 2015. They have ken prepared under the historical cost convention except for investments which are carried at market Yalue. The accounts are Sta in L Merger Accounting A new Charitable Incorporated Organi5ation. Dunk's Almshouse Chariry was registered on 12 July 2023. A resolution vrds passed on 3 August 2023 that all the property and assets of the Dunk's Almshouse Charity (Charitable Registration No 240563) be transferred to the newly formed Charitable Incorporated Organisation. Dunk's Almshouse Charity (Chariuble Registration No 1203952). This transfer took phce on 3 August 2023. The accounts for the previous year were prepared as merger accounts . Fund Accounting The Chariry s Permaneni Endowment Fund comprises the oriy'nal land and buildings together with subsequent addition5 and cerrain investmenrs. The Charity'5 unrestricted funds consitt of funds vthich the charity may use for its purposes at its discretion. The Charity has set aside certain sums in designated funds as follo Cyclical Maintenance Fund Funds Set aside by the Chariry to cover repairs and maintenance of the properties necessary at trregular intervals. This is maintained to meet the year 5 xnnual mwntenance. Extraordinary Repair Fund Funds set aside by the Ch2riry for future major work& improvements and replacement expenditu. Page 8
Dunies Almshouses Charity A Charitable Incorporated Organi5ation Notes to the Financial Statements for the year Ended 31 December 2024 Fixed Assets and Depreciation Fixed assets are Yalued at the cost of land and buildings incurred by the Chariw. No dIve is included for the original land and building5 bequeathed to the Chariry or subsequent gfrs prior ro the introduction of the charitie5 SORP in 1995. The land and buildings are considered to l inalienable and to have an IndefinilY long useful life. An annual provision is made for maintenance and repairs bu£ depreciation is not provided on the grounds that the annual charge and accumulated fund would not be matsrial. The stxial housing grant is shown as a deduction in accordance with the General Determination 2006 for Registered Social Landlords. Investments Investmenrs are included in the accounts ai market value. Investment Income Dividends are credited in the accounts when receivd and credit is taken for interest when it falls due. Administration Expenditure Administration expenditure comprises all costs incurred in running the Chariry and are recognised when a leg1 and constructNe obligation is e5ublished. Going concern The trustees consider that there is no maal uncertainty relating 10 going concern and consider that the Charity is in a position to meet its financial obligations as they fall du 2. INCOME AND EXPENDITURE 31.12.24 31.12.24 Maintenance contributions receivable in the year £99,370 £99,051 Arrears due on 31.12.24 There were no service charge5 or revenue grants received in the year. There were no maintenance contribution5 losses during the year. Page 9
Dunies Almshouse Charity A Charitable Incorporated Organisation Notes to the Financial Statements for the year ended 31 December 2024 2. INCOME AND EXPENDITURE (continued) Accommodation in Management At 31 December 2024 there were eight double and seven single flats owned and managed by the Chariry. of which 14 were hoLtsing accommodation units. One single flac has been COnverd to provide laundry facilities ind office facilitie5. Income 15 recorded vthen due. EmployÈes There were two employees during the year with one clerk retiring and being replaced by another. No trustees received any remuneration during the year. 3. FIXED ASSETS Freehold Property Cost brought forvrdrd at l January 2024 Additions in year 31.12.24 31.12.24 239,153 239,153 Cost carried for*ard at 31 Decemtr 2024 £239.153 £239,153 4. INVESTMENTS 31.12.24 31.12.24 Endowment Fund 5340.89 COIF Income Shares 108,384 105,990 £108.384 £105.990 Extraordinary Repair Fund 2.032.19 COIF Income share5 1,340.05 COIF Accumulation shares 41.240 349.238 40,329 332.332 £390.478 £372.661 31.12.24 31.12.24 General Fund 2,558.73 COIF Income sharès 51.925 50,778 Page 10
Dunws Almshouse Charity Notes to the Financial Statements for the year ended 31 December 2024 5. RELATED PARTY TRANSACTIONS Dunk's Educational Foundation (Charity NuMr 1204336) is under the control of the same Committee of Trustees. During the year Dunk's Educational Foundation charged Dunk's AlmshoLsse Charity £12.514 in rent for 3 fiats (2023- £9.959). In addition, some charges made to Dunk's Almshouse Charity are recharged to Dunk's Edutjtional Foundation. At the year end Dunk's Educational Foundation owed Dunk's A1rn5house Charity £3.038 {2023: £3.769). Payments totalling £30.869 were made in the year ro Mr C Faulkner who ts a Trustee of the Charity. These were approved by the building SuCoMmittee and Mr Faulkner did not participxte in the vote. It is regarded to be open market value for the work performed. Payments totalling £660 for cleaning seThice5 were made in the year to Mrs J Faulkner who is a Trustee of the Chariry. It is regarded to be open marker valLFe for the work performed. 6. TRUSTEE REMUNERATION AND EXPENSES No trustees have been paid remuneration or expenses during the year. Page 11
Dunk's Almshouse Charity Income and Expenditure Account Forthe Year ended JI December 2024 Pemianent Ewtratsrdinary Cyditar Endowment Repair Maintemance General Totsl Fynd Fund 31.1124 Fund 31.12.23 Turnovr Donation5 5LK) Maintenance 99.370 99.370 99.370 99.370 99.os I 99.5SI Less Operating Costs Rent pd Cyclical maintEnance Other mainteDance Gardening lui4 12,514 9,959 16.599 8,817 924 29.101 852 29.102 852 Rates Warer & seww 3.477 4.214 3.477 4,214 3.310 4.700 408 31.016 1,635 5.351 In5urnnce Trustee insur4nce Gas and eltri£s[y Accounr3ncylAudit Professional fees Cleaning Cled<'s fees and eXpSe$ otfite costs SOCI actItieS Other 21,024 1.2(K) 1,2LK) 505 9.784 21.024 1.2C4) 12¢Jl S05 9.784 1.603 5.084 92.276 IA73 2295 1.797 94,972 98.136 Operatlng Surplus 7.094 1234 4579 ProfitlLoss on sale ol InYesDllWfS Inte$t recebvable and Income Surplus ordinary activities before txatlon Tax cn 5urplu5 on ordinary actiWtyeS Grant recYdble against Lll0n Surplus for the year 10.399 17.493 10.399 8.478 13.056 15.8601 15.8601 17.493 11.633 13.056 Transfer to Cydical fwd Trdnsfer to Extrnordinary 25,000 (2S,000) Unrealised pn51110sse51 on inhsDYnts 1394 17M16 1.147 21.358 53,172 R¢¢on¢lllation d Futsd%' Resernes brought fonvard 261.910 372.662 4&817 137.471 820,860 7S4.631 Reserves <arrled fonyard 264.304 390.478 67.957 853.851 820.860 Tr result for the year rdare5 to C<*)DnuirYk actMDek Pdge 12
DUNK'S ALMSHOUSE CHARITY A CharÉtable Incorporated Organisaiion Duttk's Office Flat 5. DllDk'5 Almshouses Rye Road Hajwkhursl Kent T.N18 4HF Rytered Charity number 12113952 M¢Cabe Ford William5 Bank Chatnbers 61 High Street Cranbn>ok Kent TN17 3EG 22 May 2025 Dear Sirs We confirrn to the best of s)ur knowledge and belief. and having made appropriats enquirie5 Of other trustees 2nd officials of the charity, the fr)Ilowng representstioTrs gven to you in connection with your independent examinaDon of the charir/ s financial siatements for the year ended 31 December 2024. General e acknowledge as rrustees our responsibility the Charioes Act 201 I for the finanoal staTrments which give a true and fair v¢ew and for mthng accur& represenutions to you. All the accounting records have been rnado a¥lable to you for the PUryM)se of your audit and all the trnnsactyon5 undertaken by the chariry have been propedy refiecced and recorded in the accounting records. Al other records and relared informatson. induding minuw ol marymatt meetyng5. have been Tn&de available to you. The financial statements are free of material misstatement% including omissions. We believe the effett of unconcted miS5tsmts is imm1ri both individually and in cotai. Intemal control We acknowledge our responbillly br the design 2nd tmplementstion of internal conrml systems to prevent and detett fraud and error. We have disdosed to you the result5 of our risk sesSMent that the financ1 stttements may be misstatsd 2$ a result of fraud. There have been no irregularities {or allegation5 of irre8ularities) involng managefflenL Èmployees who have a signific2nt role in internal control or otheJs that could have a fflawal effett on the finan staTrments. A55et5 and liabilitie$ The charity has satysflctory tide ¢0 all assw and there are no liens or encUMbrark on the chiEY s assets, except for those that are distlosed in the notes to thè ffinanciai statements. We hive recorded or disdosed. as appropnaty all liabilitie& both acwal and contyngenl and have disclosed in the notes ro the financial stxements all guAr3ne5 that we have given to third partye We have no plans or irrtention5 that may materially ter the orrying Yalue or classification Cf assets and liabilsties rdetted in the finanoaj strternent Legal claim$ AJI claim5 in connectyon with litigation that have been. or are eXPeCd to bq reieived hive been properly iccrued for in the ffinan0 statements.
Law and regulations We are no¢ aware of any irregularities induding fraud, involving management or emoYeeS of the charity. nor are we a%fdre of any breaches or possible breaches of sratut& regulations whrch rnight prejudice the chariry's going concern status or that might result rn the charity suFtering Significant penalties or other los& No allegations of such irre2ularitie& induding fraud. or suth breaches have come to our notice. Transartions With related partie$ 10 We are not aware of any transactions with rdated Fbarties requiring disc105ure in the financial 5tatemer7ts. We have made avwlable to you all relevant information concerning such transacuons and are not aware of any other matters which require dIosre in order ¢0 compty the requirements of the Charities Act 201 l or xcountin£ standards. P05t-balance Sheet events There hive bee no evenrs since the ance sheet date which necessitite reslon of the figures included in the financil staiements or inclusion of a note thereto. Should turther material events occur. which may necessitste mision of the figures Includ1 in the financial sotements or inclusion of a no thereto. we will advise you accordingly. GoÉng concern 12 We believe that the chart$ financial statements should be prepared on a going concern basi5 on the grounds thit current and future sources of or support will be more than adequate for the charity's need& We have considered a period of twelve tTbonths from the date of approwal of the financial sutements. We believe thai no furth¥ disc105ures relating to the ch7$ ability to continue as a going concern Treed to be made in the firwKial statement& Incorporation as a Charitable Incorporated Organisation A new Charioble Incorporated Organisation. Dunk's Amshouse Charity Yfa5 re&'stered on 12 Juty 2023. A resolution Nvas passed on 3 AugtTr5t 2023 that all the properry and assets of the Dunk's Almshouse Charity Icharirnble Rwstration No 2405631 be transferred to the newly fornied Charitable Incorpornted Or8anisavon. Dunks Amshouse Charity {Charitable Regisrration No 1203952}. This transfer twk place on 3 August 2023. The accounts for the prewous year were prepared as merger account Grants and donations 14 All gran. donations and other incom& the receipt of which is subiett to specific term5 or conditions, hive been notified to you. There have been no breaches of ternis or condioons in the application of such incom& Yours faithfulty Signed on behf of the board of trustees . Da