# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025**
# **HENRY ROBERT BULL CHARITABLE TRUST**
**CHARITY REGISTRATION No: 296133**
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Pages 4 to 5|Trustees' Report|
|Page 6|Statement of Financial Activities|
|Page 7|Balance Sheet|
|Pages 8 to 15|Notes to the Financial Statements|
|Page 16|Independent Examiner's Report|
2
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
**CHARITY NUMBER** 296133 **DATE OF REGISTRATION** 27th January 1987 **START OF FINANCIAL YEAR** 1st March 2024 **END OF FINANCIAL YEAR** 28th February 2025 **TRUSTEES AT 28TH FEBRUARY 2025** Andrew Bullock Neil Fraser Hewitt Charles Arkell **LEGAL STATUS** Unincorporated Charity **GOVERNING INSTRUMENT** Trust Deed Dated 26th January 1987
## **OBJECTS**
To such exclusively Charitable bodies and institutions or for such exclusively Charitable objects as the Trustees in the obsolute discretion from time to time select.
**CORRESPONDENCE ADDRESS** Kendall & Davies Station Road Bourton-On-The-Water Cheltenham GL54 2AA **PRIMARY BANKERS** Lloyds Bank PLC 25 Gresham Street London EC2V 7HN **INVESTMENT MANAGERS** Brewin Dolphin Limited 12 Smithfield Street London EC1A 9BD J.M Finn & Co Ltd 25 Copthall Avenue London EC2R 7AH **INDEPENDENT EXAMINERS** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
3
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 28TH FEBRUARY 2025**
The Trust was created by a Trust Deed dated 26th January 1987, using assets given by the Will of Henry Robert Bull who died on 18th February 1985. The object of the Charity is to apply the net income from the Trust Fund to such exclusively charitable bodies or institutions or for such exclusively charitable objects as the Trustees shall select. The Trust Deed makes specific reference to the Royal Agricultural Benevolent Institution.
When making grants, the Trustees take into account the informal wishes expressed by Henry Bull prior to his death to Mr W G Davies, who prepared the Will and was one of the original Trustees. These were that the Trustees should consider applications which support:
i) Agriculture and rural projects both locally and nationally.
ii) Charities and organisations in the vicinity of Bould Farm, Idbury, including the local church iii) Charitable projects generally in Oxfordshire and Gloucestershire.
The Trust income for the year amounted to £70,343 and administration expenses totalling £49,924 were paid from this. The costs of repairs, maintenance and improvements to the Trust’s properties at Bould Farm and 2 Bould Farm Cottages amounted to £42,998. This figure includes the annual charges for water treatment and payment of the farm insurance premium to NFU Mutual. The remaining £6,926 was made up of fees paid to the Trust’s professional advisors.
More than 25 applications for grants were received and acknowledged. Details of applications which fell within the Trust’s object and Henry Bull’s wishes, were circulated to the Trustees for consideration at that time or were discussed at their AGM. Grants totalling £50,500 were awarded to 12 different charities and charitable organisations. After payment of these the Trust held an income reserve of £145,257 and £125,000 of this sum was placed into a fixed term deposit which will mature in November 2025.
At the Trustees’ AGM the annual report and accounts were discussed and approved, together with the minutes of the last meeting. Matters on the agenda and arising from the minutes were discussed and the actions to be taken agreed. The performance of the investment portfolio managed by J M Finn remained disappointing and it was decided to ask Brewin Dolphin to take over the management of this. A telephone review with one of the Trustees was subsequently carried out by Brewin Dolphin and the necessary authority to transfer the portfolio investments was completed by the Trustees and sent to J M Finn.
Castle View Accounting were instructed to prepare the accounts and report, including the Independent Examiners Report, to accompany the annual Charity Commission Return. After furnishing Castle View with the necessary information and documentation, the draft accounts and report were approved by one of the Trustees. Following signature of the accounts and report by a Trustee and the Examiner, these were submitted to the Charity Commission online, together the Trust's Annual Return and Update form.
4
HENRY ROBERT BULL CHARITABLE TRUST
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FOR THeYEAR ENDED28IH FEBRVARY2025
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## **HENRY ROBERT BULL CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28TH FEBRUARY 2025**
|||Unrestricted|Restricted|Endowment|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
||**Notes**|Funds|Funds|Funds|**2024/25**|**2023/24**|
|||£|£|£|£|£|
|**INCOMING RESOURCES**|||||||
|**Incoming Resources from Generated Funds**|||||||
|Activities for Generating Funds|**3a**|29,050|-|-|29,050|28,900|
|Investment Income|**3b**|40,185|-|-|40,185|49,073|
|Other Incoming Resources|**3c**|1,108|-|-|1,108|989|
|**TOTAL INCOMING RESOURCES**||**70,343**|**-**|**-**|**70,343**|**78,962**|
|**RESOURCES EXPENDED**|||||||
|**Costs of Generating Funds**|||||||
|Cost of Charitable Activities|**4a**|99,285|-|-|99,285|114,793|
|Governance Costs|**4b**|1,320|-|-|1,320|7,959|
|**TOTAL RESOURCES EXPENDED**||**100,605**|**-**|**-**|**100,605**|**122,752**|
|**NET INCOMING (OUTGOING) RESOURCES**||**(30,261)**|**-**|**-**|**(30,261)**|**(43,790)**|
|Funds Brought Forward||2,528,093|-|182|2,528,275|2,498,328|
|Gains/(Losses) on Investments|**6**|124,113|-|-|124,113|73,737|
|**TOTAL FUNDS CARRIED FORWARD**||**2,621,945**|**-**|**182**|**2,622,127**|**2,528,275**|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 15 form part of these financial statements.
6
HENRY ROBERT BULL CHARITABLE TRUST
AT 28Th FE8KIARY2025
TOTAL
2&F•b.26
TOTAL
•Fo24
Flx•d A*Mt•
TarwiL4B As*qts
*¥b))on
Totsl Flx•d A••1
019,012
IM995
1474MT
619.012
1,858.995
I71.1)07
619,012
1.734M82
2.JU894
Currwbt AM•t•
182
142
145,439
1,438
14S3J7
175 521
1,140
IIEfcuRRENT A8SET8
143.9J7
182
144.119
174.391
TOTALAMeT8
2M21.•4S
182
114127
2,121.270
10
NÉY A88EY8
1•,945
182
•21127
1521,27S
Fvnd4olth•¢hthty
Fui¢Js
RalltActed FundB
Endo*Jmont Futsj
2.621.945
2,821.945
2.$2&CWJ
Total Fund•
2.121,945
141
2.fj22.1?7
2.521,275
pnj Na
hjf 1£
Ii¢irf ITT
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 28TH FEBRUARY 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements 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 financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services has been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
8
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 28TH FEBRUARY 2025**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**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**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Unrestricted funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Fixed Assets**_
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Land and Buildings**_
Freehold Land and Buildings have been valued and included in the accounts at cost value as per the conveyance dated the 28th July 2000 and the 17th July 2008.
## _**Amortisation**_
No amortisation is charged to freehold property as the Land and Buildings are maintained to such a standard it is considered the residual value will not be less than cost.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Equipment Cost 25% - Reducing Balance
## _**Changes in Accounting Policies and Methods of Accounting**_
There has been no change to the accounting policies (variation rules and methods of accounting) since last year.
9
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 28TH FEBRUARY 2025**
## **2. TANGIBLE FIXED ASSETS**
|Cost
01-Mar-24
Additions
Net Book Value at
28-Feb-25
Depreciation
01-Mar-24
Charge
Depreciation at
28-Feb-25
Net Book Value
28-Feb-25
Net Book Value
28-Feb-24|Bould
Land at Nether
Equipment
**Total**
Farm
Westcote
Cost
**2024/25**
£
£
£
£
537,012
82,000
-
619,012
-
-
-
-
537,012
82,000
-
619,012
-
-
-
-
-
-
-
-
-
-
-
-
**537,012**
**82,000**
**-**
**619,012**
**537,012**
**82,000**
**-**
**619,012**|
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 28th February 2025: None 28th February 2024: None
## **Specified Trust Property**
## **Bould Farm**
The Freehold Land and Building at Bould Farm, Bould, Chipping Norton, OX7 6RT, being comprised in a conveyance of the land registered under Title Number ON277934 are held in Trust for the Henry Robert Bull Charitable Trust (Registered Charity Number 296133) in the convenance dated 17th July 2008.
The Trustees of Henry Robert Bull Charitable Trust (Registered Charity Number 296133) have agreed to include the Land & Buildings at cost value as per the conveyance dated the 17th July 2008.
## **Land at Nether, Westcote**
The Freehold Land shown edged with red on the plan of the Title filed at the Registry and being Land at Nether Westcote, being comprised in a conveyance of the land registered under Title Number GR20184 are held in Trust for the Henry Robert Bull Charitable Trust (Registered Charity Number 296133) in the convenance dated 28th July 2000.
The Trustees of Henry Robert Bull Charitable Trust (Registered Charity Number 296133) have agreed to include the Land & Buildings at cost value as per the conveyance dated the 28th July 2000.
|Freehold Land at Nether, Westcote
The Freehold Land and Buildings at Bould Farm, Bould, Chipping Norton, OX7 6RT|**28-Jul-00**
**£**
82,000
**82,000**
**17-Jul-08**
**£**
537,012
**537,012**|
|---|---|
10
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 28TH FEBRUARY 2025**
## **3. INCOMING RESOURCES**
|**a) Activities for Generating Funds**
Rental Income
**b) Investment Income**
Bank Interest
Investment Income
**c) Other Incoming Resources**
Water Rates & Supply
Wayleave
Sundry Income
**4. RESOURCES EXPENDED**
**a) Cost of Charitable Activities**
Charitable Grants
Insurance Costs
Management Charges
Repairs & Maintenance
Water Treatment & Testing Costs
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
29,050
-
29,050
28,900
**29,050**
**-**
**29,050**
**28,900**
4,978
-
4,978
5,561
35,208
-
35,208
43,512
**40,185**
**-**
**40,185**
**49,073**
1,045
-
1,045
907
63
-
63
63
-
-
-
19
**1,108**
**-**
**1,108**
**989**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
50,500
-
50,500
91,500
1,724
-
1,724
1,613
5,786
-
5,786
7,079
38,446
-
38,446
13,167
2,828
-
2,828
1,434
**99,285**
**-**
**99,285**
**114,793**
1,320
-
1,320
1,140
-
-
-
6,819
**1,320**
**-**
**1,320**
**7,959**|
|---|---|
11
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 28TH FEBRUARY 2025**
## **5. RESTRICTED FUNDS**
## **CURRENT FINANCIAL YEAR**
|Endowment Fund
**PREVIOUS FINANCIAL YEAR**
Endowment Fund|**Balance**
**Balance**
**01-Mar-24**
Income
Expenditure
Transfers
**28-Feb-25**
£
£
£
£
£
182
-
-
-
182
**182**
**-**
**-**
**-**
**182**
**Balance**
**Balance**
**01-Mar-23**
Income
Expenditure
Transfers
**28-Feb-24**
£
£
£
£
£
182
-
-
-
182
**182**
**-**
**-**
**-**
**182**|
|---|---|
Restricted funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
12
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 28TH FEBRUARY 2025**
## **6. INVESTMENTS**
|JM Finn Investment Portfolio
Brewin Dolphin Portfolio
Cost Value
01-Mar-24
Additions
Disposals
Profit/(Loss) on Investments
Market Value
28-Feb-25|**Balance**
Transfer
Profit/(Loss)
Additions/
**Balance**
**01-Mar-24**
of Funds
On Investment
(Disposals)
**28-Feb-25**
£
£
£
£
710,727
-
20,718
(731,445)
-
1,024,155
-
103,395
731,445
1,858,995
**1,734,882**
**-**
**124,113**
**-**
**1,858,995**
J.M Finn & Co Brewin Dolphin
Investment
Investment
Unrestricted
Restricted
**TOTAL**
Portfolio
Portfolio
Fund
Fund
**28-Feb-25**
£
£
£
£
**£**
710,727
1,024,155
1,734,882
-
1,734,882
-
731,445
731,445
-
731,445
(731,445)
-
(731,445)
-
(731,445)
20,718
103,395
124,113
-
124,113
**-**
**1,858,995**
**1,858,995**
**-**
**1,858,995**|
|---|---|
## **J.M Finn & Co Investment Portfolio**
The Charity holds investments with J.M Finn & Co Ltd and the original indexed book investment as at the 1st March 2024 was £710,727.11. The investment was provided to the Charity as an Unrestricted Endowment and Total Return Investment. The capital and the income and realised gains derived from the Endowment can be used by the Charity for general charitable purposes. The market value of the investment funds held were transferred to the Brewin Dolphin Investment Portfolio on the 1st October 2024 and the market value of the J.M Finn & Co Investment Portfolio stood at £0 as at 28th February 2025.
## **Brewin Dolphin Investment Portfolio**
The Charity holds investments with Brewin Dolphin Ltd and the original indexed book investment as at the 1st March 2024 was £1,024,154.99. The investment was provided to the Charity as an Unrestricted Endowment and Total Return Investment. The capital and the income and realised gains derived from the Endowment can be used by the Charity for general charitable purposes. The market value of the investment funds held stood at £1,858,994.97 as at 28th February 2025.
13
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 28TH FEBRUARY 2025**
## **7. CASH AT BANK AND IN HAND**
|Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**28-Feb-25**
**28-Feb-24**
£
£
**£**
**£**
145,257
182
145,439
175,521
**145,257**
**182**
**145,439**
**175,521**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**28-Feb-25**
**28-Feb-24**
£
£
**£**
**£**
-
-
-
-
**-**
**-**
**-**
**-**|
|---|---|
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Independent Examiners Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**28-Feb-25**
**28-Feb-24**
£
£
**£**
**£**
1,320
-
1,320
1,140
**1,320**
**-**
**1,320**
**1,140**|
|---|---|
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial year.
## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed Assets
Net Current Assets
Long Term Liabilities
**TOTAL FUNDS**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**28-Feb-25**
**28-Feb-24**
£
£
£
£
2,478,007
-
2,478,007
2,353,894
143,937
182
144,119
174,381
-
-
-
-
**2,621,945**
**182**
**2,622,127**
**2,528,275**|
|---|---|
14
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 28TH FEBRUARY 2025**
## **12. STAFF COSTS AND NUMBERS**
The Charity employed no members of staff during this or the previous financial year.
## **13. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to the Trustees or any persons connected with them during this financial year. No material transaction took place between the organisation and a Trustee or any person connected with them (2023/24:None).
## **14. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **15. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the Charity's needs. This is based on the Charity's size and the level of financial commitments held. The Trustees aim to ensure the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **16. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the Charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the Charity should undertake.
15
## **HENRY ROBERT BULL CHARITABLE TRUST**
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS**
Report to the trustees/ members of the Henry Robert Bull Charitable Trust on the accounts for the year ended 28th February 2025 set out on pages 6 to 15.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 11th September 2025
16