REGISTERED CHARtrY NUMBER 278030
THE ATLAS FUND
TRusfEES' REPORT AND
AUDITED FXNANC14L STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024

THE ATLAS FUND
CONTENTS
Page
LwJal and AdmiTrstrati¥e Infcfrn
Rep)rt of the Tr
2to3
ststernent Activi
Balantr ￿eet
6t08
Indwdent Rwt
9toll

Page I
THE ATLAS FUND
LEGAL AND ADMINisfRATIVE INFORMATION
Lth Hety TIRKhe IMw¥)g Tr￿te*l
m￿ H M Ph)frnan
Mr P F Ttyjthe
Audthr
Sprin*d Hwse
Swngfed Ro•J
HO￿ffl
RH12 2RG
BankeFS
Bank of knJaTrJ
EdIn￿r
EH12
Inve5tmert rnanager
8S (Jth) Wi¢iorki Street
EC2V 4
stsr￿ F%)Jse
Ctkley
Dfy*ing
Surr
RH5 5TQ
Charity ryun¥ber

Page 2
THE ATLAS FUND
REPORT OF THE TRUStEES
YEAR ENDED 31 MARCH 2024
The Trustee5 Sutmit their ￿n￿￿ rewrt arKJ audfted fInarK￿ Stat￿￿ts Tor year eTNJe(131 Marth 2024. The
Tru5t&s have adopted the or ts sratwat of Pr￿e ISORPI.. Accwrffjng Rewrknro ty
ChafitiÈ5 weparittg the4r ￿¥JIts in xcc¢darre wth RwYty"+¥J &*dard ¥flKable in the UK and
RepuLIK of Irdand I%RP 20191.
The thaity was set up on 12 M￿h 1979 L.C T(￿ It is è sdt*mwt deed datgj
12 March 1979.
tEtails of the TrLL4ees, trmjth with legd Irrform*on atrxrt the TntsL are set in tt* IwJal and
adrnlnislra￿e informaD¢kn on w i.
The Trustees the FK>weT to e*rt cthrTntsiees in &cordan￿ wrth theTnA Deal. Tr Obi￿ts L* the tharty are
e<F4ainal to nelrf Trnrtees on
The obj.thes (rf the Trust a5 try ts L*ed are general. The Tr￿ makes chariiable donationg to tharitab
trLSts as determingj by theTrustee5. When rAannmg attDithS Y￿r, the TFust&5 consdered the Chanty
Commi590n's guidan￿ twerr( are r* ts 0[￿7￿￿ that the Trust meets the guthrKe thrw the of
Charitab￿ dona￿￿ adva￿.
Tne Trust's inc(me is entirely on the incrThe fr￿m, ift¥esbnent retums of, the COIF Chantie5 In*ent
Ftjnd. th"VKleThJ incfft ha5 remained the term and the captl walue ha5 In￿aSe(l o%er time, the
value of the Fund ft￿y fv(￿ate from year to ¥ear a5 rt TLkn the Ferf￿rnar￿e of the undthing Investr￿nts. The
Trust airns to suppxt toth k(al and natK)nal orwisabv6 In Ihe KYoY6ion of the￿r thartsble acti￿ti￿. Djring the
vear the Trust approyed chèrit3tAe ckniatioAs of £W,l￿ to ktsl and That4)nal Lyganisations. the detai& o,. are set
(yjt in note 3 of the ffnarriaS staiema]ts. Tr T[￿tee5 consider that the Trust a 5tMg finartsal posibon at the
y&ir 31 Marth 2024.
The Trusw ￿k￿Y1￿e the owxn9 the erorw inftuenced * the US e4etttins aTh1 the
suppty thatn and COMM￿rtY wioro IMp￿ts of thewar in Uknaine arvj WK)nal o)rtIKt in the Mxsdle EasL
These may h￿e rotential financ￿1 impacts on Val￿ of Inve5tynwu Gw the thl of unre*ncted te5erb*s hehj
the chanty at the year eTrJ. the TrLStees ae saWa1 that (twty will able to conts"nueas a 9Jing corwn.
At the year er￿ the Trust has unrests5(ted reserve5 of £3,438,669. The resaves lar9ely represent the capital value c
the TrU￿S Invesbnents are maintain& at Slth a I￿ to prowde firture IFKL¥ne of the Trust for future
charitabè gmrg. The TFUStees' wb.cy ts to distniKtr the eth y, after covwjrg the cost of
managa￿t ancl admnistrabfyi. The￿ 6 9)mehmes a dday reTript of nvestnyit inco￿￿ and the
distribubon of income b¥hich ￿1 D) lthe¥e tetrxj a rh*ige 10 the Re¥WI￿ Rewves at the yekr eThJ.
Investment pottry
The invethnts cl a hc41ir#J in the COIF Charit*S Rmd. Thi% 6 a di￿$￿￿0 fund inta)deO to
ovth a lory.term baTran￿ the for i(￿On*, and rwrAe(tth wJainst The Fund is
t*nchmark&Y against a Comr*)%te Index to the *rategy ofthe FurNJ. PerfLmano aganst
the t)enthmark 15 rtyukrfy by the Fund. The Fts￿1 un1*TFef￿rn￿l knthmat*s %kn ro less exp0￿r& to
technow atKJ ￿ergY than it5 LwKhnwrks ￿ a 12 mnth vew, tNJt tsE FuThl pErfDrned ￿ell ajainst the
LEnthmark5 gn a three and a year view.

Page 3
THE ATLAS FUND
REPORT OF THE TRusfEES
YEAR ENDED 31 MARCH 2024
Risk managemert
controls estatdtshed throug￿ the year. The rna￿ risk aff£rtiw Tnjst is the variabilty of the toral
In*ent retums. A fLYrpal review of ttE TrLLSfs rtsk manajunent prKes5 Is undatsken on an annval tjags. The k
cOntr￿S LEsa1 by the Tn6t a fcffmal for Tntstee actwty invofvw￿ in all tsken.
Thr(xJgh the risk manageNwrt kvrxess e5tatA&sW Tntsl the Twths are satisf*d that the rnajor rtsks x1entif*d
absolute a￿Tar￿e that mw h&e alw4u*ety
rnanjgement pe￿O￿ne1
The Trusw consthr the tyjard C{tr￿tee5 a5 the W rrwojonert F¥g￿TrE1 of the T(¢Jg in C￿ge of di￿n9 and
controlling TnJ5t and w*ing f( on a day-tw basi& AJI TntAees of th* time f￿Y and no Tntstee
rectives any rtrnuneratth for &tifKJ as a Tntsts
klKable law and United Kin9th)m StaThJaTds Iursitèj KiWrxm (￿e￿alty Acce0&1 Acuwnting Pr&bce).
The law ap￿Icab￿ to Charth￿ in Entsnd & Wa￿S te￿￿e5 the Trugees ￿ pr￿￿ finanoal siat¥nents fDr e&h
financial year whith ￿ve a bue and fair Vie￿ of the srate of affan ¢$ the charty and d the incoming resources an
applKation of resour￿5 of the charity fty that Fa￿. In wepariro these fin￿0a1 Staten￿5, the Trustr& a￿ required
obser%e the nEihc*ts pri￿p￿S in (hartties SORP 2019 IFIiS 1021;
make 1Utyn￿nts estima￿ that ￿ reasoTh)bk arnj pr￿￿tt;
state véhether apOiobÈ ¥cwntin9 stsndard5 yJbJ"ett to any materval dep3TbJre5
disdosed and explairEd in the financial staterDLYts,"
prepare the finarThl State[￿ ￿ the CLr£em b￿"5 is to kwexmne thal t
charty contsnL* ￿ Ottrobw.
The Tr￿ are resrxy79t* for keerAng fecrwts dr4Jose reaKrfwt* at any b.me the
finanaal r￿$th0n ofthe chanty aTht th￿￿ ￿ en9j￿ that the finanoai sEatsn￿ts cOrn￿Y with the ChJitie5 Act
2011 Ithe 2011 Act), the Charity 1￿cOUr￿ and ReP￿s1 Ra]ula￿)nS 2fM)B and trust de&8. They are abo ￿￿nSIb￿ for
Saf￿Uardinq the assets cl the tharity aThJ herKe fu rea50n3L* w for the pr￿lt￿ and dewtion offrajd
and other IrrgJularit*s.
AFproved ￿ the Trnstee5 on 8 Seounber 2024 aTrl sgned ￿ the"r behalf ty:
Lady Hesttr Twhe
TNstee

Page 4
THE ATLAS FUND
STATEME14T OF FINANCIAL ACTXVtrIES
YEAR ENDED 31 MARCH 2024
2024
2023
Income frwn:
Investrnents..
Diwdends
L￿￿5rt 1nterest. grtss
90,528
3,111
gJ.528
1,067
Tot& incLYne
94639
91,595
Expenditure (M:
charl￿b￿
91796
Tetal eW(fI￿
91PJ6
B2.4C
Net gain5llbssesl cffj wwest1￿ assets
281.821
1122,4491
Net ineomel(expendit¥re)
and net movement in lunds
281664
Ill3,2￿)
Recontiliatlon in fub￿$.
Totsl fvnds br￿ght for4vard
3,1￿,005
3,269.259
Total fvnds carried forward
3,156,IY)5

Page S
THE ATLAS FUND
BALANCE SHE
AS AT 31 MARCH 2024
2024
2023
assets
Investments
3J95.246
3.113,425
COIF Charthes Cy)gt FuThJ
Cash at bank
35.145
10,678
5,474
45.823
Credthr5'. afflouits falSng due
within ¢)ne year- accru3L4
(w)
12,4(J))
Net ￿rrent awts
43h23
42,580
Netassets
3.438.669
3,156,005
Capital fvnd5
Revenue fiJnds
3.395.246
43,423
3.113.425
42.580
T4)tal th4rity funds
3,438,669
3,156,005
The fironoal $wm￿ts set (xjt on p¥s 4 10 8 ¥Y8e a meetyn9 of TfLStees hekl
8 Se=teTI Der 2024 and 5¥JnaJ ￿ their teh3￿ ty:
y FÈsreT T0￿be
Mr P F Touch.e

Page 6
THE ATLAS FUND
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
al The A￿a5 FuThJ is an re9st8￿1 arbj Wale5. The cOrrWd￿ address
as wdl ag the thwity te on l.
b} The financial ststrnts ha¥e weparvj under ￿￿OrK￿l c05t corNentHM, other than investments
%yhich are included at fair ￿ue to market The finarKEI 5tatenEnts ha¥e b￿n
prepared in ￿£Or￿arKe the 5ratenert crf R￿0mMe￿Jed Prxtice ISORPI.. Accountsng arKI Rwrb
char￿e5 we￿7￿ft9 tsr xcryjnts In the firwoal RwtuvJ Standard apklKable in thè
UK ar￿ Reputlr rf Irelarn1 I￿Rp 20191, the FIr47Th)￿ RepytsNJ standa￿ in the Llnittil
Kinfvm arxj Rewt4r rf Irek)Thl IFRS 1021 and the Ch•itses 2011.
The Trust (￿StibItes a ag FRS 102.
gL¥NJ CLxKem.
The finanoal statawts are in Sith'rKJ the currÉw rfthe thartyaTrl are
rounded to t*are5t £.
In%t*ments are statej at the b3LHrtt d*e at the￿ faT the marktt kw. Affjy thavJes *1
vatr during the year are (*9¢￿ separatdy in St*em*m
dl Ml irKoffle is rffwseft orKe the Trust has enbttemaitto the mme, rt is ￿tsIe ttth the lnwft￿ ¥*iM
be and the amurt of irK(Kne Tetyvat4e (an ie meawred relh?ily. 1nve&tTT￿nt is IrKludts
wtten recewat4e.
el we recognsed ￿ exrffilrtu￿ as wi as tse 6 a or CuStr￿Ve O￿l9•j.0n CLNnmittrrKJ
the Trust to that eX￿t￿re. rt Is l￿wAe th* seiyemt will fa]uir•J and the arnountof
oLIWn rdiabfy. AJI exwditure is Induw ￿ an aCCTuaL% ba9S.
Chartstle thJYti)rs are pty[l￿ts m* tD third ￿rt*S 41 the fijrtknntr of the charitabk
Obi￿ts of Tr￿l
I￿0verable VAT is fhty exFer¥Jikne heajiro fc¢ it ¥Yas incurr&Y.
T￿ COIF Charities tWOSi( Furwj and Cash at bank COm￿se5 shL¥t term hvjhty liquvj Invawmenrs wth a
S￿)rt maturity of thw nx)rths or Èss frtxn the date lif &quIsE￿n or opEning of the ￿C￿nt.
gl caFit￿ and funds are %HyeStti￿ are for u* at the ds(￿iDn or
h) Tr Trust exank*J"ffi frun ta¥*on in re5F%tt rf fG irK£￿ aTrJ gair
Fixed asset investm
2024
2023
F*r valL* l Ap)"1
1nvestff￿nt gainlll(b¥l
3,113.425
281.821
3.235,874
1122,4491
Faf at 31 Marth
3,395.246
3,113,42S
The fixa1 a55et 1nvtstr￿ft$ comw* the Tr￿5 l¥Jthng of wft5 in COIF th4nres Inve5bnent Fund
managed ty CCLA. a Spea￿￿1 charths Investh￿ts m*iage¥. The fair of tt* 15 based on the mitt
market w of the as (atcuL*d ty CQ

P•Je 7
ThE ATLAS FUND
NOTES TO THE FINANCIAL sfATEMENTS
YEAR ENDED 31 MARCH 2024
2024
2023
Charitsile ￿a￿(4}S
Age ux
Jzhemerfs gx
Arni*r FwnLiItrf)n
&3* Lrf￿1
Bridewdl OrgaTrc Gard*
British Museum
LSOO
Bn"ty5h Red Crc6S
Cantethry Cathalrdl TrL#
Cathedral Music TrLf5t
Cty Harvest
Dragon SclY)d Trust Limited
Englsh HLYitage
Eton Col
Jktsmiths. Conwany that5ty
Guide fxx)s fty the Asso(iax
Guihyford Cath&*al
Cdkge QAford
Kent, Surrey & ￿$SEX thr Tm
r#J's SLb>Jl FtyJrth*)n. ca￿t￿ry
macmil￿n ca￿ ￿p￿￿t
Marie Cur
2,000
1,000
National Clwr(1*5 TDJst
2,QDO
2,0
National Twst
Oxford
Pemt*oke (hffrd
Rad* Fournjation
Royal A(ad&lly of
>fvation Am
Samaritans
6,OCII
1,0
1.0
5.ODJ
2.0
St Huoh's Colw, Oxfryd
The Onklra)'s Tru* T•
The Fdi¥ ProJect
The MarkNve Trust
Watts Gal* Trist
Westcott CfvJrch
WildW￿d TrE6t
2,Otx]
1,5LX]
L500
Carnal fiwward to p•p 8
Bo.orN)

Page 8
THE ATLAS FUND
NOTES TO THE FINANCIAL sfATEMErirs
YEAR ENDED 31 MARCH 2024
aritsble artivities14xntim￿d)
2D24
2023
Br£wht feTh¥*d from page 7
,oco
1796
92.796
2024
2023
Al￿1( ftt5 IMchJOmg VATI
ssista￿e wbth Amual RetLm fr￿ VAri
396
Movernent of fvnds
AtTrJs at
l Atxll
2023
Funds at
31 Marth
2024
Captsi furkls
Revenue furKts
3,113,425
42,580
281,821
3.395,246
43,423
3.156.1))5
281E64
3,438,669
No Tru*ees rwmbJrse(J any nor paKI any ￿UTrerakn thJrir#J the year. TheTNst had
emFlwees during the yw.
Controlling party
TIE charty 15 cortrdlwj by its trustee&

Page 9
INDEPENDEKf AUDrroR'S REPORT TO THE TRusfEES OF
THE ATLAS RIND
OpiTri<>n
We have aLKlited the finanoal Statem￿ The Atk5 FuTrJ lfv 'chantyl fc( the ￿ ￿ded 31 Mar£h 2024 whi
comwse &atern￿t of FD1￿￿131 ktiwtes, Balan￿ Sh&t 3TKI nctr5 tD the financial statemaits, irKluding a
summary of svJnifKant ￿c(￿J￿ng The fina￿￿11 rekAYtiThJ fraM￿k that has awied m th*r preparation
applicabk law and unit￿ Kirtgtrjm Accwntw sta￿rIs, ¥ichJdirKJ Trna￿al Rekyxbr¥J sts￿rd 102 'The Financk41
RerortstYJ StaTrlard awficatAe In the UK an(J Rewt*K of I￿nd. (Unrted c*￿IlY Accepttd Accwnti
In our ¢JP￿￿)n the finarKtal st3tementr.
gwe a t￿ fair of siaie affa.rs as at 31 Math 2024, and of thE charty's Ir￿￿11¥4
restytsr￿ aTrJ ap￿icatiOn rf rewce5. for the >*ar then eTrJ&1,.
have been prO￿Y in wth Urttsj frnity A£reooJ AcayJntsrKJ pr¥￿￿,.
8a5is far opinron
We coThJutted our autht in acrcrfdmwith Internats￿l Staidats L47 {UK) ItSAs IiIK)l and a￿ltab￿ kw. t)Jr
ry)ts1bilth￿ under those staThYards ¥e fiJrttFs d￿crthd In rhe Audrtors. rfp)ngtxitses tr the aud1t of the financkil
ststements section of wr repLxL We are inL*pwdent ofthe thanty in accoTdance Mth the #hiol wuirsnents th* we
rdevant to our a￿lt of fin￿t￿)I statements In tIE UK, Inckndino FRC'S Ethical Stsndard, and we bake fu￿lled fyjr
other ethical Te8wsthlitaes in ￿dan￿WIth the5ereqUIrenen￿ We L*l￿ve thatthe audit•1de￿e we ha%Robrained
s yJffK*nt and appffjpriare to for (wJr OkxD￿.
In auditing the f￿￿￿al stateff￿￿ we hawe That￿ T4￿1* ￿ of the giiig corttm ￿c￿nting
in the preparnbon of the finarNial is aPPXVWK4te.
th*, I￿a¥a￿UaIty or cdkctwety, may last wnrfkant thit on the charity'5 akn.lity to c￿br¥￿e as a ￿'r¥4 crMKem for
perirM1 ofat least ￿e1Ve mntts frtm wk*n the finarKts4 5t*enpJts a￿ wJtt¥Jrtsed for is9Je.
r respMs*ffjbes aryE the resp￿1t￿rt[eS oFtte TntstEe5 byth tD 9ing Cr￿ are descritej in r*Nart
ticn5 ofth5 repJrL
The TrLStee5 are respwts￿ for the other infomation. The ob)er ￿fc￿fflatOn ctsmwseE the indu(Jed in the
Trustee5' an[￿￿1 repyxt. ihan statern￿ts a￿$ w wJditorf5 re￿ th￿e￿. thjr OF•1￿ the finar¥ial
siaterf*nts does rot cover tr* crth¥ Inf(fftk*th and, exw to &tert Céjwwtse explKfdy ststd ¥1 our rem we
In ccfinecbon wth ow the finarrial Sta￿ re¥¥Jn&tq"Irty 15 ro crther inforMa￿n antt. In douig
so, Cor￿K1¢y wlEtl*r the (thr LS KKw95tent wAh the finarThl 5tateffthts. or wr kno¥We
L*tsined in the audit ￿ ¢)the￿ ¥kEar5 to ￿ rnatrrwlty misstited. If ￿emfy rnaterial br￿s￿ter￿£S LY
apparent matenal mLSa3tènents, we are rawwed ID detemiir* v4hetr*r tr￿e s a material mtsatern￿t In the fina￿￿1
We have ThJthirvJ to rep*￿t in ths r*.

Page 10
INDEPENDE1￿ AUDrfoR'S REPORT TO THE TRusfEES OF
THE ATLAS FUND
We have nothiry to reFrf( in of the matters the IActcAmts Rwrtsl RegulatKY
2008 ro]uire us to reFNNt to ￿ rf. in cAJr o￿n￿n..
RespO￿lbilItieS of trusiEes
As exk4ained fr￿e fvlly ￿ the Tru5teeg re5F#￿￿"rths sta￿￿ as set 1Xrt￿ rkwe 3, Trustees a￿ reswn5ib￿ for
the preparabon of fina￿1￿ 5taternents a trt￿ and fair vth, 3￿j for Int￿al (￿tr￿ & the Trustees
detertntne s rEte55ary tE> ￿ePar￿￿ rf fina￿￿ that a￿ fr* fr(xn materkil msststemen¢
whether the to ftau(J cf enyx.
In preparing the finanoal statements. the T￿$tts are rE5wTri* for a55e59ry #E charitys to continue a5 a
wiry corKvn, (ftsthsiThJ. a5 apk4Kab12. rnattets rd&ed to wroconcem aTrJ ¢(*￿eM ofaccwntiryj
￿r￿eSS theTru#&S YrtVKJ ID Ivwthte the or to cease oF*atiLYs. or have rKJ ￿list￿ a￿eMatiVe txjt to do
We have been apwnted as a￿l￿Or und¥ sthn 145oftt* ClwibesACt 2011 a)d fepJt in accc(da￿e with rewlatior6
made under s￿￿on 154 of that ACL
Cljr obj'ectives ale to oLtin rea￿l￿￿e a59Jrartt atrr¥Jt whether the fina￿1 siatgmwts as a Who￿ are free frc
material m$Stat￿en￿ %thet￿r d￿ to fraud cr error. and to iS9Je an aLw1itC*'s rep3rt th4 indudes our Opin￿Tr.
Reasona￿ assurarte ts a ofasyJraKe L￿t is r**a gAwantee that an audit in accordan￿ wf(h IS
IUKI will allya￿ de￿ a matw&il misststwart it ex￿. Misstat￿ts oan arise from fraud ty errtr ènd we
con%dered maren* rf, inttNK1ualty or in the aggregate, thry reas(xthty ￿ ewttted to InfknerKe the ercwi
Irregularities, fraud. are of w-Ccm￿k?￿ WI￿ laws and rwubtK)rs. We dwn proodures In line
with our reS￿￿￿trI1￿eS, ¢MJtlined ab)*. to detett material mIs*at￿&7ts in rw of iwegularthe5, I[KI￿1￿9 fraud.
Based on our understanding of the charty, Dlrwjh (hSaL8￿ with the tru5rees las ty a￿d￿r￿j
statKlardsl, we KI￿tIF1& ihat the pritKipal r6ks of n(n<C￿ty1ar￿e with Iow5 reguLatp)ns rdated to charity
9tstst￿n. We the exknt to whth rVJn-cCfft￿k￿r￿e rnight habe a material effecton the f1nèncial ttaternents.
We also thtse law5 at¥J regulatiL￿5 that INi¥e a direct Imw on the preparaticn rfthe finanoal stateme
swh (hanties Act 2011, and Statem¥tt of R*(xnmtwd*J Prthe. We CLyDmuniae(l K]entsf￿ kw5 and
regu￿7t￿Tr5 thrwghoul our tearn arKS remained a*rt to any of rKn-MplIan￿ audrt. We
twaluated man4ernent's In￿tIVeS and op￿￿nIt£S f￿ fraJ¢*JÈrt manitvL4hJn of the finar￿%￿l sratements (ir￿luding
ihe of 0￿￿Oe of Contr￿51, aN1 d*¥m1[￿ risks were rd*d to l{KDrr￿t rep)rwJ of bank
transactMMS. A￿dit prctedures r￿f￿rnal ty the team i￿lth1..
Rewew of inforrnarlx hebj by the Chèrty Corrwnis5ion ro rdatej partÈs. anti of transac￿1
throughwt tlE PkYi¢yJ to thify atv uTrJsL*)*d tra￿tiOnS rdated partie5 outsththe norrnal
c￿ESe of bugrw; and
of ￿gftrf￿Tht a)J ￿[￿31 Infik trn7s￿t￿ e4akJatMw of the LwTh*rlwrKJ rn￿￿la1 rationa
pixjthg the transattths.
eecause of the Inherent limitabons of an d)we 6 a risk V￿ll not irffjul4r￿es, ir￿MId1n9 those
ing to a material m￿tater￿nt in the fina￿431 skterr￿S or r￿-cr￿￿k4ntt regulaticn. This risk IrKreases the
rn0￿ that cunpNaKe cf ￿Ula￿0 is remrrtd frun the e¥ents and tr￿5￿tiOnS in the flr0rKial
stateiY*nts, as we be kss likdy to In5taKs rf rw<0m￿1￿￿.

Page 11
INDEPENDENT AUDrroR'S REPORTTO THE TRUSTEES OF
THE ATLAS FUND
thioughthft the 3L¥lit. We ahso:
I￿￿tfy arKJ assess the ri*$ of rnatth31 rnisgare￿ d tts fin￿rIal Slat8n￿ts, Wdhthr due to fraud or error,
rfe￿gn and rErforfft athit p￿r￿￿[eS resp)Me to thDse Thsks arKI otjtan autht that s suff￿￿nt and
appropriate to prowde a b￿5 for Lwjr opnw)n. The ri5kof nct deteLtiry a m*er431 mis#atement regjknng fraud
is higher than fly ¢kne re>1￿.￿j ftrxm •TCf. as may mTA¥e fThpy, onwssi￿$,
miywewtatKJts. or the ov*rth of Internal ccrtld.
charivs intwnal contr(4.
CorKlude on the apwwatenes5 of the Tw*ee5' use ￿ the ba95 of xcounbng •d, based on
audit e¥KJe￿e obtained, whÉther a to or th)t may cast
sigThficant dL￿J￿ on the charivs ability to contirK* a5 a cLrKun. If that a material ts￿ertainty
exsts, we ate ￿o￿lled to draw awtson a￿dtsrfs rep￿ ty bSe dsdogJre5 ￿ry the finarKk?I sratement5
or, If such dixlosuos a￿ ￿￿]ua0, to m(xJfy our Cntr condusK)rs are based on the audit evide
obiained up to the datsofour a￿jItOrfs[Vrt fUbj￿ (¥ coThJIt￿ls ftw cajse to cease
to conbnue a5 a gJng ￿ern.
Evaluate the overall Eyes￿￿tiL￿, ￿m￿re. and ccrtert Lf fin￿claI sktrnts. irKludir¥J the (l￿d0￿jrEs, and
whether the fma)oal slat￿￿ the uThknlwrrfJ transacts￿$ emts in a marlw that ￿h￿Ve$ fa*r
We communKate with those charged vith ￿Verna￿￿ rwinw arrow other mattw% th2 F4aMed XOFe aTrJ Orning of
rhe audit and S#Jnfftanta￿￿t fiThainE6. irnjudirxj any S¥Jn¥￿￿td*￿￿ in intemèl cor￿1 trot ￿ Kjentify during c￿r
This rep3rt made so*ty to the chanvs TnJ5tees, as a tw. in KLDrdarKE Part 4 of the charit￿ IAuDunts aTvJ
Re￿rts) Regukition5 2CM)8. Chjf audr( Ik75 urKJ¥takw so that ¥%t Might State b) the thaTty's TrLSt&s those
mattets we are rewired to state to in ￿ auditorfs r¢ortand ￿ Th) kxryse. To the fvlw exto)t permtited
kw. we ￿ Tv)t accept ty assume r￿￿O￿t￿.b'ty to an￿ the charity its TFu*S, as a ￿¥, for ¢xJr
audti work. for th￿ repyL the LynK)rs forn￿￿.
Chartered AcC￿nrants
and Stattrtory A(vknr
9 September 2024
Kr*Jn Ree￿￿ LLP LS d¥4ib￿ to * as an audtty in trrrrs Lff 1212 of C(mkkiiie5 Att 2Tr