CHARITY NUMBER: 288068
THE GENERAL NURSING COUNCIL
FOR ENGLAND AND WALES TRUST
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2025

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2025
Contents
Page(s)-
Report of the Trustees
Reports and Financlal Statements for the Year Ended
31 March 2025
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-15
Independent Examin&r's Report
16

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
GENERAL INFORMATION
TRUSTEES:
Dr Susan Procter
(Chairman)
Professor Arlene Wellman
Professor Anne Topping (Deputy Chairman)
Professor Daniel Kelly OBE
Mrs Elizabeth Panel-coates
Professor Brigid Catherine Kent
SECRETARY:
Melanie Nakisa
9 Shepherds Lane
Hazlemere
High Wycombe, HP15 7AR
BANKERS:
CAF Bank
25 Kings Hill Ave, Kings Hill,
West Malling Kent ME19 4JQ
INVESTMENT MANAGER: Investec Wealth & Investment
30 Gr&sham Street
London EC2V 7QN
INDEPENDENT
EXAMINERS:
Crowe U.K, LLP
R+ Building
2 Blagrave Street
Reading
Berkshire RG1 1AZ
Page 1

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2025
The Board of Trustees present their Annual Report for the year ended 31 March 2025 under
the Charities Act 2011. together with the financial statements for the year. The Board confimis
that the latter comply with the requirements of the Charities Act 2011, the trust deed and the
Charities SORP (FRS 102). The Truslees. Report includes the information sel out on page 1.
OBJECTIVES AND ACTIVITIES
The Trust's objectives are: to promote and advance the science and art of nursing; to
advance the education and training of nurses. both students and registered- to promote
resaarch and investigation Into matters related to nursing-, to relieve persons who have retired
or are unable to contlnue nursing., and to provide assistance to further the objects of the
Nurses Welfare ServiGe (or successor body).
The Trustees feel that they can best keep faith with the heritage by applying the income from
the funds and some of our healthy reserves in such a way so as to promole the development
of nursing for the benefit of society. This in turn will contribute to the enhancement of Ihe
profession because it is through the maintenance and development of standards of practice
and conduct that a profession gains in recognition and respect. Predicated upon the belief,
when considering applications for grants, Trustees are mindful of the trusts objects and the
desire to enhance the profession of nursing. rather than any individual who is a member of
the profession.
During the year two Trustees. meetings took place in London, on the 21 June 2024 and 29
November 2024.
To enable on-line payments with dual authorisatlon. this year saw the changeover to a new
current account provider, CAF bank, from Santander. While the new account has a monthly
account fee (¢urrentSy £5) it also accrues interest, usually compensating for the fee.
ACHIEVEMENTS AND PERFORMANCE
The Trust received 10 grant applications for funding during the year and after full
consideration by the Trustees together with independent researchers it was decided to award
2 new grants totalling £79,019. Additionally two further nurses were sponsored through the
Florence Nightingale Foundation leadership scheme (£23,000} Note 3 to the financial
ststements gives further details.
Loss of the website hosting without notice resulted in a 4-monlh period without a website and
additional costs incurred to source a provider and developer for a new website, which became
live in April 25.
PUBLIC BENEFIT
The Trust's object for the public benefit is lo support Gharitable activities. in particular those
focusing on seeking to improve the practice of nursing. Research grant applications are
invited and evaluated once a year and grants awarded to the projects that the Trust consider
will further its charitable objects for the public benefit.
The Truslees have had due regard to the Charity Commission's guidance on public benefit
when considering the Trust's objectives and activities.
Page 2

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
TRUSTEES, REPORT (CONTINUED)
YEAR ENDED 31 MARCH 2025
FUTURE PLANS
Our grant focus for 2025 is research to explore evidence-based innovations that identify the
role played by Nurses in improving care. Due to a change in website provider, this year's call
was delayed to April 25, with a closing date of 27 June 2025.
FINANCIAL REVIEW
The Trusts total income for the year was £94,115 (2024." £97,572) wth grants made and
support costs totalling £100,700 {2024.' £150.092). The unrestricted fund decreased to
£226,491 (2024.. £234, 859).
Following a net loss on investments of £17.827, of which £16,044 was allocated to the
expendable endowment fund, (2024.. £173,165 gain) the expendable endowment fund
decreased to £3,153,568 (2024.. £3,191,781 increase) after deducting the investment
managers. fees of £22,169 (2024." £21,657).
INVESTMENT POLICY AND PERFORMANCE
Investec is now a part of the Rathbone's group and the merging of charity support investment
functions is now complete. The merger has not impacted the operations of the charity fund.
The Trustees noted that inflation is falling but wages in the service sector are still rising at
close to 5'A per annum. Interest rates are being cut but there are worries about the size of the
government deficits. Markets have performed well but often perform after an interest cut. Key
to meeting GNCT objectives, Investec will continue to focus on businesses displaying high
and sustainable compound earnings growth. The budget and US election impacted markets.
The investment comprises a diversified portfolio, with the majority in equities balanced by
bonds, infrastructure and propety to dampen volatility. The bonds are amongst the safest
available, with equities limited to 75Yo of the portfolio value. The portfolio is categorised as
medium risk13 of 5 on Investec risk scale}.
GRANTS POLICY
Through its grant awarding programme. the Trust aims to promote the development of
nursing for the benefit of society. This in turn contributes to the enhancement of the
profession because it is through the maintenance and development of stsndards of practice
and conduct that a profession gains in recognition and respect. Trustees are mindfLJI of the
Trust's objects and the desire to enhance the profession of nursing, rather than any one
individual who is a member of the profession.
Page 3

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
TRUSTEES, REPORT (CONTINUED)
YEAR ENDED 31 MARCH 2025
RESERVES POLICY
Our unrestricted funds (free reserves) are currently £226.491 and It Is our intentlon to call
upon some of these reserves as necessary in the light of our fall in investment income so that
we can maintain our total grants policy of around £120.000 per annum. Only two new award5
were made in 2024 (rather than the usual three new awards) due to the fall in investments
income.
However, the trustees are mindful that we live in a wortd of volatile stock markets and this will
be reviewed regularly by the trustees and thoir advisors going forward.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Following the disestablishment of the General Nursing Council for Engl8n¢J and Wales on 1st
July 1983 under Section 21, Nurses, Midwives and Health Visitors Act 1979, its stocks,
shares and property were transferred to the Charity at valuation. The Charity is governed by a
Trust Deed, which was signed on 20 June 1983 (the Trust was registered in the Central
Register of Charities on 14 November 1983. and by an Order. effective from 5 March 2004,
which altered the Charity's Trust.
The Trustees may consist of up to 6 Trustees under the following terms:_
Up to 4 Trustees may be appointed as °A' Trustees provided they are registered
Nurses and a member of the nursing profession of England and Wales. at the time of
appointment
1 "8" Trustee may be appointed as a qualified member of the NMC and a registered
nurse in England
1 "C" Trustee may be appointed as a qualified member of the NMC and a registered
nurse in Wales
Trustees are appointed by ￿ference to the existing Trustees and the representative bodies of
the Nursing Profession.
The Trustees meet at least two times per year to dlscuss the strategic direction of the Trust,
consider the Trust's financial and investment infomiation, review research grants to members
of the nursing profession and track their progress.
On appointment, Trustees receive information about the Trust's aims, focus of grant making,
as well as financial and investment reports and relevant minutes to ensure they have been
provided with the information necessary to fulfil their duties.
The Trustees delegate the day-tO-d8y management of the Trust to the Secretary.
Page 4

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
TRUSTEES, REPORT (CONTINUED)
YEAR ENDED 31 MARCH 2025
On appointment. Trustees receive information about the Trust's aims, focus of grant making.
as well as financial and investment reports and relevant minutes to ensure they have been
provided with Ihe information necessary to fulfil their duties.
The Truste&s delegate the day to day management of the Trust to the Secretary.
REFERENCE AND ADMINISTRATIVE DETAILS
The General Nursing Council for England and Wales Trust was registered with the Charlties
Commission in England and Wales on 14th November 1983 under charity number 288068.
The registered address and principal office at which the charily can be contacted is:
9 Shepherds lane
Hazlemere
High Wycombe
HP15 7AR
The Trustees who have served during the year are as follows..
Professor Arlene Wellman
Dr Susan Procter
Professor Anne Topping
Professor Daniel Kelly OBE
Mrs Elizabeth Panel-coates
Professor Brigid Catherine Kent
Page 5

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
TRUSTEES, REPORT (CONTINUED)
YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees, Report and the financial statements
in accordance with applicable law and regulations.
Charity law requires the Trustees to prepare financial statements for each financial year in
accordance with United Kingdom Generally Accepted Accounting practi￿ (United Klngdom
Accounting Standards) and applicable law.
Under charity law the Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the charlty and of its net
outgoing resources for that period. In preparing these financial slatements, 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 rgasonable 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 basls unless it is inappropriate to
presume that the charity wlll contlnue to operate.
The Trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the charity's transactions and disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial
statements compEy 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.
Approved by the Trustees and
signed on their behalf by:
Tnistee
.ToPPIfvJQ
Trustee
Date:
&_12.ZS
Page 6

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME & EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2025
Expendable
Unrestricted Endowment
Fund
Fund
2025
Total
Funds
2024
Total
Funds
Notes
Income and Endowments from
Investments
Income from investment portfolio
Deposit account interest
90.841
90,841
93,081
Total Income
Expendlture on:
Raising funds
Charitable activities
Grants made
Support costs
(22,169)
(22.169)
(21.657)
{83,431)
{83,431)
(130,028)
Total Expenditure
100700
122 869
171749
Change in fair value on
Investments
173 165
NET INCOMEI(EXPENDITURE)
AND NET MOVEMENT IN FUNDS
(8,368)
(38,213)
(46,581)
98,988
Fund Balances at 1 April 2024
234 859
3 191781
3 426 640
3 327 652
FUND BALANCES CARRIED
FORWARD AT 31 MARCH 2025
The notes on pages 9 to 15 form part of these financial statements.
Page 7

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
FIXED ASSETS
Investments
Cash held for investment
3,284,294
3,403.272
3,335,614
3,493,917
CURRENT ASSETS
Short term deposits
Cash at bank and in hand
166.848
73
57,046
74
166,921
57,120
Creditors: amounts falling due within one year
122 476
124 397
NET CURRENT ASSETSI (LIABILITIES)
TOTAL ASSETS LESS CURRENT ASSETS
3,380,059
3,426,640
Credltors: amounts falling due after one year
NET ASSETS
FUNDS
Unrestricted funds
Expondable endowment fund
226,491
3 153 568
234,859
3 191781
TOTAL FUNDS
Approved by the Trustees and authorised for issue, and signed on their behalf by..
Trustees
Secretary
M91anoNakisa
Date..
2Lk(1.25
The notes on pages 9 to 15 fomi part of these financial statements
Page 8

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Basls of accounting
The accounts have been prepared in accordance with the Charities SORP IFRS102) applicable
to charities preparing their accounts in accordance with the Financial Reporting Standards
applicable in the UK and Republic of Ireland and the Charities Act 2011 and UK Generally
Accept&d Practice as it applies from 1 January 2015.
The accounts have been prepared to give a 'true and fair. view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair view,. This departure has involved following Accounting and Reporting by Charities
preparing their aGcounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS102) issued 16 July 2014 rather than the Accounting and
Reporting by Charities: Ststement of Recommended Practice effective from 1 April 2005 which
has since been withdrawn.
The General Nurslng Council for England and Wales Trust meets the definltion of a public benefit
entity under FRS 102. Assets and liabilities are initially recognised at historical cost or
transaction value unless otherwise stated in the relevant accounting policy note.
The General Nursing Council for England and Wales Trust is governed by its Trust Deed and is
registered in the UK with its registered address at 9 Shepherds Lane. Hazlemere. High
Wycombe, HP15 7AR.
b)
Golng concern
The charity has cash resources and has no requirement for external funding. The Trustees have
a reasonable expectation that the charity has adequate resources to continue in operational
existence for the foreseeable future.
Critical ac¢ountlng judgements and k8y sources of estlmation uncertalnty.
In the application of the charity's accounting policies, which are described in note 1, Trustees are
required to make judgements, estimates and assumptions about the carrying value of assets anci
liabilities that are not readily apparent from other sources. The estimation and underlying
assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may dtffer from these estimates.
The estimates and underlying assumptlons are reviewed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period. or in the period of revlsion and future periods if the revision affects the
current and future periods.
In the view of the Trustees, no assumptions concerning the future or estimation uncertainty
affecting the assets and liabilities at the balance sheet date are likely to result in a material
adjustment to their carrying amounts in the next financial year.
Page 9

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (contlnued)
d)
Financial instruments
The charity only has finanGlal assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial inslruments are initially recognised at transaction value and
subsequently measured at their settlement value.
Investments
Investments are a fomi of basic financial instrument and are initially recorded at their transaction
value and subsequently revalued at closing mid-market value at the Balance Sheet date. Any
gain or loss on revaluation is taken to the Statement of Financial Activities.
The Trust does not acquire put options, derivatives or other complex financial instrumenls.
The main fomi of financial rlsk faced by the charity 15 that of volatility in equity markets and
investment markets due to wider economic conditions. the attitude of investors to investment
risk. and changes in sentiment concerning equities and within particular sectors or sub sectors.
Expendable endowment
Stocks, shares and property originally held by The General Nursing Council for England and
Wales, which ceased to exist on 1 July 1983, were transferred to the Trust. Since this date all
properties held have been sold and the proceeds invested in shares.
In accordance with the terms of the transfer. the Trustees reclassified the market value of the
Investments at 1 April 2000 as expendable endowment. This fund as a whole provides the core
Income of the Trust and thereby the finance for its continuing activities.
g)
Income
All incoming resources are included in the Statement of Financial Activities when the charity is
entitled to the income and the amount can be quantified with reasonable accuracy.
Investment income represents gross dividends and interest from quoted securities and is
included when receivable.
h)
Expendlturo
Expenditure is recognized on an accrual basls as each liability is incurred.
Cost of raising funds represents investment manager's fees.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and Services for its beneficiaries. It includes both costs that can be allocated directly to
such activities and those costs of an indirect nature necessary to support them.
Charitable expenditure is reported under iwo sub headings..
Grants in support of the charity's aims.
Support costs- comprising the costs incurred in the supervision of the grantees, the
administration of the activities of the charity, together with the support to our
partners.
Page 10

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (contlnued)
Grants awarded
The amount of grants charged to the Statement of Financial Activities represents the total
amount committed by the Trustees during the year. These msy be commitments over a number
of years depending on the nature of the grant but the whole liability is recognised when the grant
is committed.
i)
Taxatlon
The Trust is exempt from income tax on its ch8ritable activities.
k)
Creditors and provisions
Creditors and provisions are recognised when the charity has a present obligation resulting from
a past event that will probably result in the transfer of funds to a third party and the amount due
to settle the obligation can be measured or estimated reliably. Creditors and provisions are
normally recognised at their settlement amount after allowing for any trade discounts due.
Cash and cash equlvalents
Cash is represented by cash in hand and deposits with financial institutions repayable without
penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that
mature in no more than three months from the date of acquisition and that are readily convertible
to known amounts of cash with insignificant risk of change in value.
CHARITABLE ACTIVITIES
2025
2024
Investment managers fees
Grants made (note 3)
Support and administration costs (note 4)
22.169
83.431
21,657
130, 028
Page11

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
GRANTS cOMMI￿ED DURING THE YEAR
2025
2024
Advancing the science and art of nursing
University of York
Kingston University
University College London
Florence Nightingale Foundation
Kings College London
Lanca5hire Teaching Hospitals NHS
Foundation Trust
39,933
39,964
38,631
11,500
23,000
39,122
102,019
18
88
130,028
Grants underspenuwritten off
..1..30,028
The figures shown in respect of each grant reflects the total commitment which may be allocated over a
number of years.
SUPPORT COSTS
2025
2024
Secretarial and other fees
Travel and subsistence
Printing, postage, statlonery and telephone
Miscellaneous
Governance:
Independent Exam
Accountancy
8,250
302
31
1,275
11,025
700
32
1,733
4.865
4.092
Total
No Trustee received any remuneration during the current or prior year.
There were no remunerated key management personn81 in either year.
4 Trustees (2024.'4) received reimbursed travel expenses of £302 (2024.. £612) in connection with travel
to board meetings and to attend an Investec financial training event.
There have been no related paty transactions requiring disclosure during the year.
Page 12

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
FIXED ASSET INVESTMENTS
2025
2024
Quoted Investments
Market value as at 1 April 2024
Additions
Disposals
Change in fair valu8
3,403,272 3,305,927
885,537 2,295,424
(986,688) (2.371,244)
173 165
Market value as at 31 March 2025
27
The cost of these investments at 31 March 2025 was £3.214.451 (2024.. £3, 168.372). The market
value at 31 March 2025 includes £2,061,667 non-UK investments (2024.. £675,923J.
UK (Govt on 4.25°h Snr 07112140 GBP1000 comprised more than 50/0 of total market value of
investments totalling £nil (2024.. £181.875).
All investments are carried at their fair value. Investment in equities and fixed interest securities
are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in
common investment funds, unit trusts and open-ended investment companie5 are at the bid price.
The basis of fair value for quoted investments is equivalent to the market value, using the bid
price. Asset sales and purchases are recognised at the date of Irade at cost (that is their
transaction value)-
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other creditors
Bank overdraft
Grant commitments (note 7)
Investment manager's fees
10.598
9,904
4,313
104,630
106,328
124 397
Page 13

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
GRANT COMMITTMENTS
2025
2024
Grants payable:
Opening balance at 1 April 2024
Granted during the year
Grants cancelledlunderspent
Payments made
104.630
102,019
(18,588)
100, 199
130. 028
125 597
Payable at 31 March 2025
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2025
Expendable
Endowment
Unrestricted
Funds
Total
2025
Investments
Current assets
Current liabililies
Long term liabilities
3,159,118
176.496
166,921
(116,926)
3,335,614
166,921
(122.476)
(5,550)
2024
Expendable
Endowment
Unrestricted
Funds
Total
2024
Investments
Current assets
Current liabilities
Long term liabilities
3, 197,331
296, 586
57,120
(118,847)
3.493,917
57,120
(124,397)
(5,550)
FINANCIAL INSTRUMENTS
2025
2024
Financial assets measured at amortised cost
Financial liabilities measured at amortised cost
Financial assets measured at fair value
166,921
(122,476)
3,335,614
57,119
(124,396)
3,493,917
The company's income, expense, gains and losses in respect of financial instruments are
summarised bèlow
Page 14

THE GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
FINANCIAL INSTRUMENTS
2025
2024
Interest income and expense:
Interest income
Dividend income
3,274
90,841
4,491
93,081
Financial assets measured at amortised cost comprise short term deposits and cash
equivalents.
Financial liabilities measured at amortised cost comprise other creditors, grant commitments
and aGcruals.
Financial assets measured at fair valLte comprise investments.
10. COMPARATIVE SOFA
Expendable
Unresti7Cted Endowment
Fund
Fund
2024
Total
Funds
Notes
Income and Endowments from
Investments
Income fmm investment portfolio
Deposit account interest
other incon7e
93,081
4.491
93.081
4,491
Total Income
Expenditure on."
Raising funds
Chan'table activities
Grants made
Support costs
(21,657)
(21,657)
(130,028)
(130,028)
Total Expenditure
150 092
171749
Change in fair value on
investments
155 847
173 165
NET INCOME/(EXPENDITURE)
AND NETMOVEMENT IN FUNDS
(35,202)
134. 190
98,988
Fund Balances at 1 April 2023
270 061
3 057591
3 327 652
FUND BALANCES CARRIED
FOR WARD A T 31 MARCH 2024
Page 15

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GENERAL NURSING COUNCIL FOR ENGLAND AND WALES TRUST
I report to the Trustees on my examination of the accounts of the General Nursing Council for
England and Wales Trust (the Trust) for the year ended 31 March 2025. which are set out on
pages 7 to 15.
This report is made solely to the charity's Trustees, as a body, in accordance with section 154
of the Charilies Act 2011. My independent examiner's work has been undertaken so that I
might state to the charily's Trustees thos6 matters l am required to state to them in an
independent examiner's report and for no other purpose. To the fullest extent permitted by
law, I do not accept or assume responsibilty to anyone other than the charity, the charity's
members as a body and the Gharity's Trustees as a body for my independent examin8Vs
work, for this report, or for the opinions I have formed.
Responslbllities and basis of report
As the charity Trustees of the Trust 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 accounls carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable DireGtlons
given by th8 Charity Commission under section 145(5)(b) of the Act. Independent examinerfs
statement
Independent examiner's statemont
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any material
respect..
accounting records were not kept in respect of the Trust as required by section 130 of
the Act., or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements ¢onceming 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.
J L Joyce
Crowe U.K. LLP
Chartered Accountants
R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ
Date:
Page 16