DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C Charity number: 237250 THE ELAINE & ANGUS LLOYD CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST CONTENTS Page Reference and Admlnlstratlve Detalls of the Charlty, Its Trustees and Advlsers Trustees. Roport Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-14
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2025 Trustees A S Lloyd (deased 14 June 20251 CRHLloyd J S Lloyd P J Salchwell-smilh Reverend R G Lloyd, Chairman R W Badger (appointed 4 February 20251 W M Lloyd lappointed 4 February 20251 A S Floyd lappoinled 6 December 20241 Charity registered number 237250 Principal office Saxon Stables, West End Lane, Killinghursl Park, Haslemere, GU27 2EL Accountants Hillier Hopkins LLP, 45 Pall Mall, St James's, London, SW1Y 5JG Independent examiner Michael Jacoby FCA, Hillier Hopkins LLP, 45 Pall Mall, Sl James's, London, SW1Y 5JG Page 1
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2025 The Trustees present their annu81 report together with the financial statements of the charity for the S April 2024 10 S April 2025. . ACTIVITIES FOR ACHIEVING OBJECTIVES The Trust Deed empowers the Trustees to invest in assets 8s they sh811 in their absolute discretion think fit and lo apply resources for such charitable purposes as they may in their discretion determine. . REVIEW OF ACTIVITIES The grants expended for the year totaled £122,700 enabling a total of 35 different institutions and individuals to benefit from the Trustees, distributions. b. INVESTMENT POLICY AND PERFORMANCE The Trustees shall have the same full and unrestricted powers of investing 8s if they were benefici811y entitled. The investments are managed by stockbrokers Raymond James Invstment Services Limited, and comply with the provisions of the Declaration of Trust. Investments sold in the year resulted in realised gainslllossesl of £383,957 {2024." £210,022). The value of the portfolio increasedlldecreasedl during the year by 1£572,6741 (2024." (£31,497)). Al the end of the year the Investments had a value of £3,385,742 (2024. £3,958,416). The Trustees consider this is sufficient to continue giving the qu81ity of support to future recipients, as had been reeognised from the Irusl's inception Hillier Hopkins have produced the reports and financial statements made up lo 5 April 2025. They show net resources incomellexpendedl of1£20,4761 {2024." (£562)) before investment gains and losses. a. GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing thè financial stalemenls. Further details gardIng the adoption of the going coneem basis can be found in the Accounting Policies. . ORGANISATIONAL STRUCTURE AND DECISION MAKING The Elaine and Angus Lloyd Charitable Trust was founded by Deed of Trust dated g June 1984 and amended on 19 October 1992 with the present name being adopted from 6 April 1993. The Trust is a registered charity, number 237250, at 7 Barrett Road, Fetcham, Lealherhead, Surrey, KT22 gHL. The Trustees meet on a regular basis lo discuss how best in their opinion the available reSoUS should be applied. Al trustee meetings, the Iruslees age the board strategy and areas of activity for the Charity, including consideration of donations, investment, reserves, and risk management policies and performanee. Grants in practice are made to those charities or for such Charitable purposes known to one or more of the Trustees. Page 2
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST TRUSTEES. REPORT {continued) FOR THE YEAR ENDED S APRIL 2025 b. RISK MANAGEMENT The charity Trustees have considered the major risks lo which the charity is exposed and have reviewed those risks and estsblished systems and procedures to manage those risks. The trustees consider the variability of investment returns on the investments to eonslitule the charity's major risk and continue to keep the investment portfolio under vIeW. a. FUTURE DEVELOPMENTS It is the intention of the Trustees lo continue to distribute the major part of its income. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustèes, Report and the financi81 statements in accordance with 8pplic8ble law and United Kingdom Accounting Standards Iunited Kingdom Generally AcpIed Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give 8 true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial slatemenls, the Trustees are oquired to. select suitable accounting policies and then apply them consistently", observe the methods and principles in the Charities SORP", make judgments and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial slalements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 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. The Trustees are responsible for the Maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by the Trustees, on and signed on their behalf by.. 01-12-2025 | 09.36 GMT DOrUSdby'. Rev R G Lloyd Page 3
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ELAINE & ANGUS LLOYD CHARITABLE TRUST Ithe'eharity'l I report to the charity Trustees on my examination of the accounts of the charity for the year ended S April 2025. This report is made solely to the charity's Trustees, 8S 8 k)ody, in accordance with Part 4 of the Charities IAccountS and Reports) Regulations 2008. My work has been undertaken so that I might stale to the charity's Trustees those mallers l am required lo slate to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent pèrmitted bylaw, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the charity you are responsible for the preparation of the accounts in 8ccord8nce with the requirements of the Charities Act 2011 I'the 2011 ACVI. I report in respect of my examination of the charity'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 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities." S18tement of Recommended Practice applicable lo charities preparing their aceounls accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 in preference to the Aecounting and Reporting by Charities". Statement of Recommended Pr8Ctice issued on 1 April 2005 which is refetred to in the exlanl regulations bul has been withdrawn. l understand that this has been done in order for the aceounls lo provide a true and fair view in accordanee with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I can confi'rm that no mallers have come to my attention in Connection with the examination giving me cause to believe that in any materi81 respect". accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act", or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aceounls give a 'true and fairf view which is not a matter considered as part of an independent examinab'on. Page 4
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED S APRIL 2025 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. tknusvdnrydty. Signed.. Dated.. 01-12-2025111.14 GMT 16F4A289788E436. Michael Jacoby FCA HILLIER HOPKINS LLP Chartered Accountants 45 Pall Mall St James's London SVV1Y 5JG Page 5
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note INCOME FROM: Investments 129,547 129.547 129, 748 TOTAL INCOME 129,547 129,547 129, 148 EXPENDITURE ON: Investment management fees Charitsble activities 12,119 137,904 12,119 137,904 9,454 120,256 TOTAL EXPENDITURE 150,023 150,023 129, 710 NET EXPENDITURE BEFORE OTHER RECOGNISED GAINS AND LOSSES Gainslllossesl on investments 120,4761 {316,7471 120,476} 1316,747} (562) 43,038 NET MOVEMENT IN FUNDS {337,2231 1337,223) 42,476 RECONCILIATION OF FUNDS: Tot81 funds brought forward 4,044,354 4,044,354 4,001,878 3.707,131 3,707.131 4,044,354 TOTAL FUNDS CARRIED FORWARD The notes on pages 8 10 14 form part of these financial statements. Page 6
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2025 2025 2024 Note FIXED ASSETS Investments 3,385,742 3,958,416 CURRENT ASSETS Investment funds Cash al bank and in hand 20,547 69,891 326,189 326,189 90,438 CREDITORS: amounts falling due within one year 14.800} (4,500) NET CURRENT ASSETS 321,389 85,938 NET ASSETS 3,707.131 4,044,354 CHARITY FUNDS Unrestricted funds 10 3.707.131 4,044,354 TOTAL FUNDS 3,707,131 4,044,354 The financial statements were approved by the Trustees on 01-12-2025 | 09."36 GMT Rev R G Lloyd The notes on pages 8 10 14 form part of these financial statements. Page 7
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 ACCOUNTING POLICIES 1.1 Basis of preparation of financial Statements The financial statements have en prepared to give a 'true and f8irf view and have departed from the Charities (Accounts and Reportsl Regulations 2008 only lo the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP IFRS 1021 published on 16 July 2014 fftther than the Accounting and Reporting by Charities. Statement of Recommended Praeb'ce effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention with items recognised al cost or transaction v81ue unless othetwise staled in the relev8nl notes to these accounts. The financial statements have en 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 IFRS 1021 issued on 1 S July 2014 and Financi81 Reporb'ng S18ndard applicable in the United Kingdom and Republic of Ireland IFRS 10218nd Charities Act 2011. The Elaine & Angus Lloyd Charitable Trust constitutes a public benefit entity 8s defined by FRS 102. 1.2 Fund accounting General funds are unrestricted funds which are 8V8i18ble for use at the disttIOn of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 1.3 Expenditure Expenditure is reeognised On there is 8 legal or constructive obligation lo transfer economic benefit 10 8 third party, it is probable that 8 transfer of economic benefits will be required in settlement, and the amount of the obligation e8n be measured reliably. Expenditure is classified by activity. The costs of each 8ctivily are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs 8ttribulable 10 8 single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and dèpreciation Charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management Carried out al the Charity's principal office.Govern8nce costs a those incurred in connection with administration of the charity and eomplianee with constitutional and statutory requirements. Costs of generating funds are costs incurred in attmcting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and governance eosts are costs incurred on the charitls educational operations, including SUPFX)rt costs and Costs relating to the governance of the charity apportioned lo charitable activities. Gmnls payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching a fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, bul not accrued as expenditure. Page 8
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 ACCOUNTING POLICIES (continued) 1.4 Donations Donations received for the general purposes of the Charitable Trust are Irealed as unrestricted funds. Al the b81ance sheet there were no restricted funds. 1.5 Cash flow statement The Charitable Trust is entitled lo the exemption from the requirement to prepare 8 Cash flow statement on the grounds that il is a small charity within the meaning of the Charities Act 1993 and the Regulations. 1.6 Investments Fixed asset investments are a form of financial instrument and are initialty recognised al their transaction cost and subsequently measured at fair value al the Balance Sheet dale, unless fair value cannot be measured reliabily, in which case il is measured at cost lèss impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'g8inslllossesl on investments, in the Statement of Financi81 Activities. 1.7 Interest receivable Interest on funds held on deposit is included when te1Vable and the amount Can be measured reliably by the charity, this is normally upon notification of the interest Paid or payable by the Bank. 1.8 Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 Liabilities and provisions Liabilities are recognised when," there is an obligation at the B81anee Sheet dale as a result of 8 past event, il is probable that 8 transfer of economic benefit will be required in selllemenl, and the amount of the sèttlement ean be estimated lIablY. Liabilities are recognised at the amount that the charity anticipates il will pay lo sellle the debt, or the amount it has received as advaneed payments for the goods or services it musl provide. Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised within interest payable and similar charges. Page 9
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 INCOMING RESOURCES Unrestricted funds 2025 Total funds 2025 Total funds 2024 Dividends received Interest reiVed 128,237 1,310 128,237 1,310 128, 195 953 129,547 129,547 129, 148 Total 2024 129, 148 729, 148 ANALYSIS OF EXPENDITURE BY ACTIVITIES Grant funding activities 2025 Support costs 2025 Total 2025 Total 2024 Donations Bank charges Entertaining Meeting room hire 123,700 123.700 380 2.181 109,095 361 380 2,181 543 Total 2025 123,700 3,104 126,804 109,456 Tol812024 109,095 361 109,456 Page 10
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 GRANTS TO INSTITUTIONS 2025 2024 1 st Glasgow Boys, Brigade Archie Lloyd Charitable Foundation BEAT Charity Brass for Africa Brighton St Peters IS8vehaven Women) Cambodian Children's Fund Cherry Trees Edenbridgè Holiday Activities Scheme Effingham with Little Bookham Great Dixler Charitable Trust Gurkha Welfare Trust Hope Gardèns Linden Lodge Manacare Foundation Naked Truth Project Rhema Bible College Samara's Aid Appeal Schoolreaders SEJA Skillway Skinners, Education Foundation St Peter's Chruch St Mary s East Molesey Ch8rit8ble Trust Tackling Anxiety Together The Great Dixter Charitable Trust The Jafuta Foundation The Meeting Room The Royal Marsden Cancer Charity Visible Ministries What on Earth Foundation Wokingham Vineyard Other < £1,000 1,000 15,000 1,000 10,655 1,000 2,000 2,500 1,000 1,000 9,000 2,000 2,000 1,000 10,000 4,000 2,000 1,000 12,500 1,000 24,000 2,000 2,500 3,600 5,000 1,500 4,000 1,500 4,000 2,000 1,000 2,500 5,000 3,500 2,000 1,000 8, 750 7,000 1,500 5,000 18,000 2,000 7,000 15,840 2,000 7,250 Total 115,000 104,095 GRANTS TO INDIVIDUALS 2025 2024 Angela Green Josh Baines Linda Thorn Mary Morgan Sophie Van Wawk Other < £1,000 1,300 4,200 1,200 1,500 1,200 1,000 1,000 1,800 500 Total 8,700 5,000 Page11
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 GOVERNANCE COSTS Unrestricted funds 2025 Total funds 2024 Accountancy 11,100 10,800 ANALYSIS OF EXPENDITURE BY EXPENDrruRE TYPE Other Costs 2025 Total 2024 Expenditure on investment management 12.119 9,454 Costs of raising funds 12.119 9,454 Donations and grants made Bank charges Entertaining Meeting room hire 123.700 380 2.181 109,095 361 Charitable activities 126.804 109,456 Expenditure on governance 11.100 10,800 150.023 129, 710 Total 2024 AUDITORS. REMUNERATION The Independent Examinerfs remuneration amounts lo an Independent Examination fee of £2,400 (2024 £2,400). Page 12
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 FIXED ASSET INVESTMENTS Listed securities Market value At 6 April 2024 Additions Disposals Revaluations 3,958,416 1,348,107 1,604,033) {316,7481 At 5 April 2025 3.385,742 Historical cost 2,424,960 Materlal Investments At 5th April 2024 the fund held in the following investments which individually represented at least 50h of the lotsl market value of the investments 5 Aprll 2025 5 April 2024 Allianz Technology Astrazeneca Bankers Inv Trust North American Inc. Rio Tinlo Royal Dutch Shell Ordinary B É0.07 UK Government 0.1250/, UK Government 0.3750/, UK Government 1.2500/, 182,685 183,736 178,710 225,750 169,560 258,076 181,284 190,467 189,691 198,075 198,980 289, 120 1.759,959 686, 175 CREDITORS- Amounts falling due within one year 2025 2024 Accruals and deferred income 4,800 4,500 Page 13
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C THE ELAINE & ANGUS LLOYD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 10. ENDOWED FUNDS: MOVEMENT IN THE YEAR STATEMENT OF FUNDS- CURRENT YEAR Balance at 6 April 2024 Gainsl Balance at (Losses) 5 April 2025 Income Expenditure Unrestricted funds General Funds - all fund5 4.044,354 129,547 1150,0231 1316,7471 3.707,131 STATEMENT OF FUNDS- PRIOR YEAR 88lance at 6 April 2023 Gainsl Balance at 5 (Losses) Apnl 2024 Income Expenditure General Funds - all funds 4,001,878 129, 148 (129, 770) 43,038 4,044,354 Total of funds 4,001,878 129, 148 (129, 710) 43,038 4,044,354 Page 14
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C The Elaine and Angus Lloyd Charitable Trust Charity Register Number: 237250 Hillier Hopkins LLP 45 Pall Mall London Sl James's SW1Y 5JG The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company's financial statements for the period ended 5th April 2025. These enquiries have Included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made lo the best of our knowledge and belief. General 1 We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing IUKI and that you do not express an aLJdit opinion. 2 We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006. 3 We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have Ils financial statements for the financial period ended 5th April 2025 audited. We also confirm that the members have not required the company lo obtain an aLJdit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006. 4 We have fulfilled our responsibilities as directors I trustees as set out in the terms of your engagement letter, under the Companies Act for preparing financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpIed Accounting Practi1, for being satisfied that they give a true and fair view and for making accurate representations lo you. 5 All the transactions undertaken by the charitable company have been properly reflected and recorded In the accounting records. 6 All the accounting records have been made available lo you for the purpose of your independent examination. We have provided you with unreslricled access to all appropriate persons within the charitsble company, and with all other records and related infomialion requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. 7 The financial statements are free of material misstatements, including omissions. 8 The effects of uncorrected misstatements las sel out in the appendix to this letter) are immaterial both individually and in total. Internal control and fraud 9 We acknowledge our responsibility for the design, implementation and maintenance of intemal control systems lo prevent and delect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud. 10 We have disclosed to you all instances of known or suspected fraud affecting the enlily involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. 11 We have also disclosed lo you all infomialion in relation to allegations of fraud or suspected fraud affeding the entity's financial statements communicated by current or former employees, analysts, regulators or others.
DoGUSign Envelope ID." Fs52D8184Bf457F.B1cG-831 F84F1 D04C Assets and liabilities 12 The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company's assets, expt for those that are disclosed in the notes lo the financial statements. 13 All actual liabilities, contingent liabilities and guarantees given lo third parties have been recorded or disclosed as appropriate. 14 We have no plans or intentions that may materially aller the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial stalemenls. Accounting estimates 15 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. Loans and arrangements 16 The charitable company has not granted any advances or credits to, or made gu8ranlees on behalf of, directors other than those disclosed in the financial statements. Legal claims 17 We have disclosed to you all claims In connection with liligalion that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclose in, the financial statements. Lavts and regulations 18 We have disclosed lo you all known instances of non-compliance or suspected non-complian with laws and regulations whose effects should be considered when preparing the financial stalemenls. Related partigs 19 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting sl8nd8rds requirements. Subsequent events 20 All events subsequent to the dale of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. Going concern 21 We believe that the charitable company's financial statements should be prepared on a going concem basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating lo the charitable company's ability to continue as a going concern need to be made in the financial statements. Grants and donations 22 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified lo you. There have been no breaches of terms or conditions in the application of such income. Yours faithfully Do¢u8Wby'. ..6933EE.1Crt.......................................................... Signed on behalf of the board of trustees Date.. 01-12-2025 | 09:36 GMT