THE CHARITABLE AND EDUCATIONAL TRUST OF THE WORSHIPFUL COMPANY OF SCIENTIFIC INSTRUMENT MAKERS Report of the trustees for the year ended 30 September 2020
## **REVIEW OF THE YEAR AND FINANCIAL REVIEW**
This financial year has been seriously affected by the COVID-19 outbreak, not just in terms of event cancellation and subsequent decrease in activities. The year also saw the move from Sage accounting package to QuickBooks Online to ease remote working and the recruitment of new accounts support. The transition also prompted a review of accounting procedures and categorisation and a contracting out of payroll. Hence figures for this year look a little different to previous years.
Resources retained for future use show an increase of £17413. The net incoming resources for the year (before revaluations and investment asset disposals) were £11186. £43,379 (2019 – £43,379) has been distributed by way of awards as detailed below.
## **Reserves policy**
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity, at a level that will provide sufficient funds, by way of investment income, to cover management and administration costs as well as provide for bursaries and awards for proceeding 12 months. It is the intention of the Charity to balance incoming and outgoing resources in an accounting period so that they are equal. Unrestricted funds were maintained at a level to satisfy the requirements of the Charity’s reserves policy during the year.
## **Public Benefit**
The charity has complied with its duties in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
## **Risk Management**
The Trustees are aware of the major strategic, business and operational risks that the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate the charity's exposure to these risks.
The COVID-19 outbreak that occurred during the year has caused global economic disruption across all industries and sectors. This has caused a significant drop in income from investments. This impacted on the amount we were able to distribute. For the year 20/21 we are seeing an improvement in income which should enable us to increase our distribution. However at the time of approving these accounts it is not clear how the global economy will develop during 2020 – 2022.
## **Disclosure of information to examiners**
To the knowledge and belief of the Trustees, there is no relevant information that the charity's examiners are not aware of, and the Trustees have taken all the steps necessary to ensure that they are aware of any relevant information, and to establish that the charity's auditors are aware of the information.
## **Trustee’s responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulation 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on and signed on their behalf by:
## Trustee
## Grants payable
|Grants payable|||
|---|---|---|
||2019|2018|
||£|£|
|Scholarships|33,481|42,246|
|Beloe fellowship -|5,000||
|Dining scholars|2,784|1,043|
|Assistance to Liverymen|1,098|1,000|
|Widows and funerals|1,296|1,635|
|Service awards and dinners|2,378|4,698|
|General and church grants|2,342|8,088|
||43,379|63,710|
Last updated MH 20/5/21
The Accounts have been eternally verified by Buzzacotts, 130 Wood St, London EC2V 6DL.
||Charity No
(if any)
**221332**
Period start date
**01/10/2019**
**To**
Period end
date
**30/09/2020**
**The Charitable & Educational Trust of the Worshipful**
**Company of Scientific Instrument Makers**
Annual accounts for the period|Charity No
(if any)
**221332**
Period start date
**01/10/2019**
**To**
Period end
date
**30/09/2020**
**The Charitable & Educational Trust of the Worshipful**
**Company of Scientific Instrument Makers**
Annual accounts for the period|
|---|---|---|
|**Section A**|**Statement of financial activities**||
|**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
Staff costs
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
1
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
77,524
-
-
77,524
14,340
9,699
-
-
9,699
440
-
-
-
-
-
2,750
-
2,750
107,102
-
-
-
-
-
-
-
-
-
-|
|||89,972
-
-
89,972
121,882|
|||-
-
-
15,685
-
-
15,685
18,015
-
-
-
-
-
30,165
-
-
30,165
74,012
55,308
-
-
55,308
-|
|||101,159
-
-
101,159
92,027|
||||
|||11,186
-
-
-
11,186
-
29,855|
|||-
-
-
-
-|
|||11,186
-
-
-
11,186
-
29,855|
|||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
84,017|
|||11,186
-
-
-
11,186
-
113,872|
|||-
-
-
-
113,872
-|
|||11,186
-
-
-
11,186
-
-|
||||
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Related party (Note 19)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
|**Unrestricted**
**funds**
**£**
F01
-
-
-
3,145,650|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this year**
**£**
**£**
F03
F04
- -
- -
- -
- 3,145,650|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|---|
||||||-
-
-
3,117,051|
|||3,145,650|-|- 3,145,650|3,117,051|
|||-
9,309
147,317
9,293
58,855|-
-
-
-|- -
- 9,309
- 147,317
9,293
- 58,855|-
9,322
147,317
2,511
-
78,560|
|||224,774|-|- 224,774|232,688|
||||||16,859|
|||20,132|-|- 20,132||
|||||||
|||204,642|-|- 204,642|215,829|
|||||||
|||3,350,293|-|**-**3,350,293|3,332,880|
||||||-
-|
|||-
-|-
-|- -
- -||
|||||||
|||3,350,293|-|-
3,350,293|3,332,880|
|||-
3,249,268
28,599|72,426|-
72,426
- 3,249,268
28,599||
||||||-
72,426
3,260,454|
|||3,277,867|72,426|- 3,350,293|3,332,880|
|||Signature||Print Name|Date of
approval
dd/mm/yyyy|
CC17a (Excel)
08/03/2021
2
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: Accounting and Reporting by Charities
- • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
- • and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
• and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.*
- -Tick as appropriate
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
|Where accounts are not prepared on a going
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.
Disclosure of any uncertainties that make the
going concern assumption doubtful;
An explanation as to those factors that support
the conclusion that the charity is a going
concern;|**_Not Applicable_**
**_Not Applicable_**
**_Not Applicable_**
|
|---|---|
## **1.3 Change of accounting policy**
**----- Start of picture text -----**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy; Not Applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; Not Applicable
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP. Not Applicable
**----- End of picture text -----**
## **1.4 Changes to accounting estimates**
**----- Start of picture text -----**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes*
No* * -Tick as appropriate
Please disclose:
(i) the nature of any changes; Not Applicable
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and Not Applicable
(iii) where practicable, the effect of the change in one or
more future periods.
Not Applicable
**----- End of picture text -----**
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
|Yes*
No*
**_Please disclose_**
**_(i) the nature of_**
**_(ii) for each pri_**
**_amount of the c_**
**_affected; and_**
**_(iii) the amount_**
**_earliest prior pe_**|
|* -Tick as appropriate|
|---|---|---|
||**_:_**
**_the prior_**
**_or period_**
**_orrection_**
**_of the co_**
**_riod pres_**|Not Applicable
Not Applicable
Not Applicable
**_period error;_**
**_presented in the accounts, the_**
**_for each account line item_**
**_rrection at the beginning of the_**
**_ented in the accounts._**|
CC17a (Excel)
08/03/2021
3
## **Section C Notes to the accounts**
## **Note 2 Accounting policies**
_Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
**----- Start of picture text -----**
Please provide a description
of the nature of each change
in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of
£
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure) as
restated
**----- End of picture text -----**
CC17a (Excel)
08/03/2021
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## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.2 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|
|**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**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**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|
**----- Start of picture text -----**
The charity has has investments which it holds for resale or pending their sale and cash and cash Yes No N/a
equivalents with a maturity date less than one year. These include cash on deposit and cash
Current asset investments
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 77,524 - - 77,524 14,340
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 77,524 - - 77,524 14,340
Charitable Other donations and bequests
activities: 2,452 - - 2,452 440
Event income 7,247 - - 7,247 -
- - - - -
Other - - - - -
Total 9,699 - - 9,699 440
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - 1,356
investments: Dividend income 2,750 - - 2,750 105,746
Rental and leasing income - - - - -
Other - - - - -
Total 2,750 - - 2,750 107,102
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Interest received 2 - - 2 -
Other - - - - -
Total 2 - - 2 -
TOTAL INCOME 89,974 - - 89,974 121,882
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
**----- End of picture text -----**
**Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
CC17a (Excel)
08/03/2021
8
## **Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
**----- Start of picture text -----**
This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies
- - - - - - - -
Incurred seeking grants
- - - - -
Operating membership schemes and
social lotteries
- - - - -
Staging fundraising events
- - - - -
Fudraising agents
- - - - -
Operating charity shops
- - - - -
Operating a trading company
undertaking non-charitable trading
activity - - - - -
Advertising, marketing, direct mail and
publicity - - - - - - - -
Start up costs incurred in generating
new source of future income
- - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: - - - - 18,015 18,015
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
Event expenses
15,685 - - 15,685 - - - -
Total expenditure on raising funds 15,685 - - 15,685 18,015 - - 18,015
Expenditure on charitable activities:
Cost of Sales - - - - - - - -
Stock Adjustments - - - - - - - -
Other Direct costs
- - - - - - - -
- - - - - - - -
Total expenditure on charitable
activities - - - - - - - -
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
Fees - - - - 13,298 - - 13,298
Telephone 124 - - 124 - - - -
PPS 2,144 - - 2,144 - - - -
Office Costs 4,359 - - 4,359 4,174 - - 4,174
General and church grants 6,586 - - 6,586 2,342 - - 2,342
Scholarships - - - - 33,481 - - 33,481
Dining scholars - - - - 2,784 - - 2,784
Assistance to Liverymen - - - - 1,098 - - 1,098
Widows and funerals - - - - 1,296 - - 1,296
Service awards and dinners 1,725 - - 1,725 2,378 - - 2,378
Bank Charges 83 - - 83 - - - -
**----- End of picture text -----**
CC17a (Excel)
08/03/2021
9
**----- Start of picture text -----**
Insurance 1,862 - - 1,862 - - - -
Administrative expenses 4,080 - - 4,080 5,676 - - 5,676
Accounting 8,983 - - 8,983 - - - -
Audit fee - - - - 3,660 - - 3,660
Sundry expenses 220 - - 220 - - - -
Other' - - - - 3,825 - - 3,825
Total other expenditure 30,165 - - 30,165 74,012 - - 74,012
TOTAL EXPENDITURE 45,850 - - 45,850 92,027 - - 92,027
**----- End of picture text -----**
## **Other information:**
## **Analysis of expenditure on charitable activities**
|Activity 2
Other
**Total**
**Activity or programme**
Activity 1|**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total this**
**year**
**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
- - -
-
-
-
-
-
- - -
-
-
-
-
-
- - -
-
-
-
-
-
**This year**
**Last year**|
|---|---|
||- - -
-
-
-
-
-|
CC17a (Excel)
08/03/2021
10
## **Section C Notes to the accounts**
## **Note 10 Details of certain items of expenditure**
## **10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
CC17a (Excel)
08/03/2021
11
## **Section C Notes to the accounts (cont)**
**Note 11 Paid employees** _**Please complete this note if the charity has any employees.**_
## **11.1 Staff Costs**
|**This year:**
**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**|**This year**
**Last year**
**£**
**£**
55,308 -
- -
- -|
|---|---|
||55,308 -|
|||
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:**
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
**No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
|**£60,000 to £69,999**
**£70,000 to £79,999**
**£80,000 to £89,999**
**£90,000 to £99,999**
**£100,000 to £109,999**
**Band**
**Please provide the total amount paid to key management**
**personnel (includes trustees and senior management) for their**
**services to the charity. For specific amounts paid to trustees,**
**see Note 28.**|**This year**
**Last year**
- -
- -
- -
- -
- -
**This year**
**Last year**
**£**
**£**
- -
**Number of employees**|
|---|---|
CC17a (Excel)
08/03/2021
12
|**11.2 Average head count in the year**
**The parts of the charity in which the**
**employees work**|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**|**This year**
**Last year**
**Number**
**Number**
- -
- -
- -
- -|
|---|---|---|
|||- -|
## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_
|**This year**
**Last year**
**This year**
**Last year**
**Please state the amount of the payment (or value of any waiver of**
**a right to an asset)**
**Please explain the nature of the**
**payment**
**Please state the legal authority or**
**reason for making the payment**|**This year**
**Last year**
**£**
**£**
- -
|
|---|---|
CC17a (Excel)
08/03/2021
13
## **11.4 Redundancy payments**
## _**Please complete if any redundancy or termination payment is made in the period.**_
|**The nature of the payment (cash, asset**
**etc.)**
**Total amount of payment**
**Please state the accounting policy for any redundancy or**
**termination payments**
**The extent of redundancy funding at the balance sheet date**|**This year**
**Last year**
**£**
**£**
- -
**This year**
**Last year**
**£**
**£**
- -|
|---|---|
CC17a (Excel)
08/03/2021
14
## **Section C Notes to the accounts (cont)**
**Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
**14.1 Cost or valuation**
|**14.1 Cost or valuation**||||||||
|---|---|---|---|---|---|---|---|
|||**Freehold land**
**buildings**
**£**|**&**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**|**Fixtures, fittings**
**and equipment**
**£**|**Total**
**£**|
|At the beginning of the year|||-|-|-|2,407|2,407|
|Additions|||-|-|-|-|-|
|Revaluations|||-|-|-|-|-|
|Disposals|||-|-|-|-|-|
|Transfers *|||-|-|-|-|-|
|At end of the year|||-|-|-|2,407|2,407|
|**14.2 Depreciation and impairments**||||||||
||****Basis**|SL or RB (Straight
Line or Reducing
Balance)||SL or RB|SL or RB|SL or RB|SL or RB|
||**** Rate**|||||||
|||||||||
|At beginning of the year|||-|-|-|2,407|2,407|
|Disposals|||-|-|-|-|-|
|Depreciation|||-|-|-|-|-|
|Impairment|||-|-|-|-|-|
|Transfers*|||-|-|-|-|-|
|At end of the year|||-|-|-|2,407|2,407|
|**14.3 Net book value**||||||||
|Net book value at the beginning of the|year||-|-|-|-|-|
|Net book value at the end of the year|||-|-|-|-|-|
CC17a (Excel)
08/03/2021
15
## **14.4 Impairment**
**----- Start of picture text -----**
This year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
Last year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised had the assets been - -
carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of - -
tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible - -
fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
**----- End of picture text -----**
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
CC17a (Excel)
08/03/2021
16
## **Section C Notes to the accounts (cont)**
## **Note 17 Investment assets**
## _**Please complete this note if the charity has any investment assets.**_
## **17.1 Fixed assets investments (please provide for each class of investment)**
|**Investment**
**properties**
**Social**
**investments**
**Other**
**Total**
**NON UK**
**UK**
Carrying (fair) value at beginning of
period
1,209,416 1,907,635 - - - 3,117,051
**Add:**additions to investments during
period*
- - - - - -
**Less:**disposals at carrying value
- - - - - -
**Less: impairments**
- - - - - -
**Add: Reversal of impairments**
- - - - - -
**Add/(deduct):**transfer in/(out) in the
period
- - - - - -
**Add/(deduct):**net gain/(loss) on
revaluation
- 28,599 - - - 28,599
Carrying (fair) value at end of year
1,209,416 1,936,234 - - - 3,145,650
**Listed investments**
***Please specify additions resulting from**
**acquisitions through business combinations, if**
**any.**|**Investment**
**properties**
**Social**
**investments**
**Other**
**Total**
**NON UK**
**UK**
1,209,416 1,907,635 - - - 3,117,051
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 28,599 - - - 28,599
**Listed investments**|**Investment**
**properties**
**Social**
**investments**
**Other**
**Total**
**NON UK**
**UK**
1,209,416 1,907,635 - - - 3,117,051
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 28,599 - - - 28,599
**Listed investments**|
|---|---|---|
||1,209,416|1,936,234 - - - 3,145,650|
||||
_**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_
**17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.**
|**This year:**
**Analysis of investments**
**Cash or cash equivalents**
**Investment properties**
**Listed investments**
**Other investments**
**Total**
**Social investments**
**Grand total (Fair value at year end+Cost less impairment)**|-
-
**Cost less impairment**
3,145,650 -
**Fair value at year end**
**£**
-
**£**
-
-
-
-
-|
|---|---|
||-
3,145,650
3,145,650|
**Last year: Analysis of investments**
**Cash or cash equivalents Listed investments Investment properties Social investments Other investments**
**Total**
**Grand total (Fair value at year end+Cost less impairment)**
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
||**Fair**|**value**|**at**|**year end**||**Cost**|**less impairment**|||
||||**£**||||**£**|||
||||||-||||-|
|||||3,117,051|||||-|
||||||-||||-|
||||||-||||-|
||||||-||||-|
|||||3,117,051|||||-|
|||||||||3,117,051||
CC17a (Excel)
08/03/2021
17
## **17.3 If your charity holds investment properties, please complete the following note:**
|||**This year**|**This year**||**Last year**|**Last year**|||||
|---|---|---|---|---|---|---|---|---|---|---|
|**(i) Explain the methods and significant assumptions in**
**determining the fair value of investment property held by the**
**charity**|||||||||||
|**(ii) Name or independent valuer, if applicable, and relevant**
**qualifications**|||||||||||
|**(iii) Provide details of any restrictions on the ability to realise**
**investment property or on the remittance of income or**
**disposal proceeds**|||||||||||
|**(iv) Explain any contractual obligations for the purchase,**
**construction or development of investment property or for**
**repairs, maintenance or enhancements**|||||||||||
|**17.4 Please provide a breakdown of current asset investments, if applicable,**||||**agreeing with the balance sheet.**|||||||
|**Analysis of current asset investments**||**This year**|||**Last year**||||||
|||**£**|||**£**||||||
|**Cash or cash equivalents**||||-||||-|||
|**Listed investments**||||-||||-|||
|**Cash investments**||||147,317|||147,317||||
|**Social investments**||||-||||-|||
|**Other investments**||||-||||-|||
|**Total**||||147,317|||147,317||||
|**17.5 Guarantees**|||||||||||
||||**This year**||||||**Last year**||
|**Please provide details and amount of any guarantee made to**
**or on behalf of a third party**|||||||||||
|**Name of the entity or entities benefitting from those**
**guarantees**|||||||||||
|**Please explain how the guarantee furthers the charity's aims**|||||||||||
CC17a (Excel)
08/03/2021
18
|**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate_**
**_provided that such aggregation does not obsure_**
**_significant information)._**
**17.6 Concessionary loans**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_ ).**
**Where a charity has provided financial assets as**
**a form of security, the carrying amount of the**
**financial asset pledged as security and the terms**
**and conditions relating to its pledge.**
**For all investments measured at fair value, the**
**basis for determining the value, including any**
**assumptions applied when using a valuation**
**technique.**
**17.7 Additional information**
**Please provide information about the**
**significance of investments to the charity's**
**financial position or performance eg. terms and**
**conditions of loans or the use of hedging to**
**manage financial risk.**
**Amounts receivable after more than 1 year**
**Amounts payable after more than 1 year**
**Amounts receivable within 1 year**
**Terms and conditions eg interest rate, security**
**provided**
**Value of any concessionary loans which have**
**been committed but not taken up at the reporting**
**date**
**Amounts payable within 1 year**|**_Total_**
**_Description_**|**This year £**
**Last year £**
- -
- -
- -
- -|
|---|---|---|
|||- -|
||**This year**
**This year**
**_Description_**
**_Total_**|**This year £**
**Last year £**
- -
- -
- -|
|||- -|
|||**Last year**
**Last year**|
CC17a (Excel)
08/03/2021
19
## **Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
## **19.1 Analysis of debtors**
**Trade debtors Prepayments and accrued income Other debtors**
**Total**
**----- Start of picture text -----**
This year Last year
£ £
9,309 9,309
- -
- 13
9,309 9,322
**----- End of picture text -----**
## _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)**
|**Prepayments and accrued income**
**Other debtors**
**Total**
**Trade debtors**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
||- -|
## **19.3 Related party transaction**
**Related party - Livery Related party - SIM Hall**
|**Total**|**This year**
**Last year**
**£**
**£**
9,975 - 2,511
- 682
-
- -
- -|
|---|---|
||9,293 - 2,511|
CC17a (Excel)
08/03/2021
20
## **Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Amounts owed to related undertakings**
**Other creditors**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
495 - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- -
19,637 16,859 - -
**Amounts falling due within**
**one year**
**Amounts falling due after**
**more than one year**|
|---|---|
||20,132
16,859
- -|
## **20.2 Deferred income**
_**Please complete this note if the charity has deferred income. Please explain the reasons why income is deferred.**_
|**_Please explain the reasons why income is deferred._**
**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
**Last year**|
|---|---|---|
|||- -|
CC17a (Excel)
08/03/2021
21
## **Section C Notes to the accounts (cont)**
## **Note 24 Cash at bank and in hand**
|**Note 24 Cash at bank and in hand**||
|---|---|
|**Cash on hand**
**Other**
**Cash at bank**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**Last year**
**£**
**£**
- -
- -
343 21,113
58,512 57,447
- -|
||58,855 78,560|
CC17a (Excel)
08/03/2021
22
**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
Restricted funds 72,426 - - - - 72,426
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 72,426 - - - - 72,426
**----- End of picture text -----**
CC17a (Excel)
08/03/2021
23
**Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
**----- Start of picture text -----**
TRUE
**----- End of picture text -----**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Related party - Livery Related party -**
**Livery**
**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**
**Related party - SIM Hall**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
- - - 9,975**9,975**
-
-
- - 682**- 682**
-
-
- -
**-**
-
-
- -
**-**
**Amounts paid or benefit value**|
|---|---|
_**Please give details of why remuneration or other employment benefits were paid.**_
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
## **Last year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
**TRUE**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**_Where an ex gratia payment has been made to a trustee,_**
**_provide an explanation of the nature of the payment._**
**Legal authority (eg**
**order, governing**
**document)**
**_Please give details of why remuneration or other_**
**_employment benefits were paid._**
**Name of trustee**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
-
-
- -
**-**
-
-
- -
**-**
-
-
- -
**-**
-
-
- -
**-**
**Amounts paid or benefit value**|
|---|---|
CC17a (Excel)
08/03/2021
24
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False)**
**----- Start of picture text -----**
This year Last year
Type of expenses reimbursed
£ £
Travel - -
Subsistence - -
Accommodation - -
Other (please specify): - -
- -
TOTAL - -
**----- End of picture text -----**
**Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
## **There have been no related party transactions in the reporting period (True or False)**
|||||||**Amounts**|
|---|---|---|---|---|---|---|
|**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**|**written off**
**during**
**reporting**
|
|||||||**period**|
||||**£**|**£**|**£**|**£**|
||||||||
||||||||
||||||||
||||||||
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
CC17a (Excel)
08/03/2021
25
## **Last year**
**There have been no related party transactions in the reporting period (True or False)**
|**Name of the trustee**
**or related party**
**Relationship**
**to charity**
**Description of the**
**transaction(s)**
**_In relation to the transactions above, please provide the_**
**_terms and conditions, including any security and the nature_**
**_of any payment (consideration) to be provided in_**
**_settlement._**|**Amount**
**Balance at**
**period end**
**Amounts**
**written off**
**during**
**reporting**
**period**
**£**
**£**
**£**
**Provision for bad debts**
**at period end**
**£**|
|---|---|
_**For any related party, please provide details of any guarantees given or received.**_
CC17a (Excel)
08/03/2021
26
**Section C Notes to the accounts (cont)**
## **Note 29 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.**
CC17a (Excel)
08/03/2021
27
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
## **Report to the trustees/ members of**
Charity Name
## **THE CHARITABLE AND EDUCATIONAL TRUST OF THE COMPANY OF SCIENTIFIC INSTRUMENT MAKERS**
|**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**|30/09/20
**Charity no**
**(if any)**
221332|
|---|---|
|||
||(remember to include the page numbers of additional sheets)|
||I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended**30/09/2020**.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).
I report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.|
|**Independent**|I have|completed my examination. I confirm that no material matters have|
|---|---|---|
|**examiner's statement**|come to my attention in connection with the examination (other than that||
||disclosed below *) which gives me cause to believe that in, any material||
||respect:||
|||the accounting records were not kept in accordance with section 130|
|||of the Charities Act; or|
|||the accounts did not accord with the accounting records; or|
|||the accounts did not comply with the applicable requirements|
|||concerning the form and content of accounts set out in the Charities|
|||(Accounts and Reports) Regulations 2008 other than any requirement|
|||that the accounts give a ‘true and fair’ view which is not a matter|
|||considered as part of an independent examination.|
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
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Signed: Buzzacotts Date: April 2021
Name: Buzzacotts
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## **Relevant professional**
1
**Oct 2018**
**IER**
**qualification(s) or body (if any):**
**Address:** `130 Wood St, London EC2V 6DL`
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**Oct 2018**
**IER**
IER
Oct 2018