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2025-04-30-accounts

MIZZYMEAD RECREATION CENTRE

Charity No. 304589

Trustees’ Report and Unaudited Accounts

30 April 2025

TRUSTEES’ ANNUAL REPORT

The Trustees present their annual report with the unaudited statements of the charity for the year ended 30[th] April 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 304589

Principal Office

Mizzymead Recreation Centre Mizzymead Rise Nailsea Bristol BS48 2JJ

Trustees

The following are Trustees and served during the year May 24 – Apr 25

M Birch Appointed 26 September 2025 R Wyatt Full year S Curry Resigned 26[th] September 2025 C Waller Full year K Bawdon Full year R Chappell Resigned in December 2024 following the merger of the two outdoor bowls clubs into a single section. J Clarke Full year P Faulkner Resigned 8[th] September 2025 S Harris Full year K Nelson Full year P Whitaker Full year

Key Management Personnel

President R Wyatt Hon Chair S Curry Hon Secretary Vacancy Hon Treasurer C Waller Bar Manager (employed) L Gillies (resigned 23[rd] November 2025) L Griffin (appointed November 2025)

1

Section Representatives

Nailsea Bowls Club J Clarke Nailsea Indoor Bowls Club S Harris (resigned 8[th] December 2025) Neville Hobson (appointed 8[th] December 2025) Nailsea Lawn Tennis Club P Whitaker Nailsea Bridge Club K Bawdon Mizzymead Snooker Club P Faulkner (resigned 8[th] September 2025) Nailsea Pool Club K Nelson

Independent Examiner

Joshua Kingston BSc, FCA . Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Bankers

CAF Bank Limited HSBC UK Lloyds Bank plc NatWest Bank plc Santander UK plc

2

OBJECTIVES AND ACTIVITIES

Mizzymead Recreation Centre (MRC) was established by a Trust Deed dated 1[st] June 1965 to provide sports and recreation facilities for the benefit of the residents of the Parish of Nailsea. Title to the land at Mizzymead Rise was vested in the Charity Commissioners by Order dated 6[th] September 1973.

The Centre provides facilities for six sections:

Nailsea Bowls Club

Nailsea Indoor Bowls Club

Nailsea Lawn Tennis Club

Nailsea Bridge Club Mizzymead Snooker Club

Nailsea Pool Club

Their seasons vary throughout the year. All facilities are available for use by the residents of Nailsea and surrounding Parishes.

All users have access to Darts, Table Tennis, Pool and Snooker in addition to the Sectionspecific facilities.

During the report period, the Centre facilities were also used by: a board games group, a mothers and toddlers group, Alive Activities dementia support group, ballroom and line dancing groups, MG Owners Club, Nailsea and Backwell Rotary Club, Nailsea Musicals - a musical comedy club, Mizzy Maids skittles team, Slimming World, and for bingo sessions.

Alive Activities no longer hold meetings at the Centre following loss of funding.

We are pleased to welcome Nailsea Physio and Tumble Tots as new users.

Most of the people involved in running the Centre, including its Sections, are volunteers.

We employ a bar manager / site administrator, who is supported both by paid bar staff and volunteers, who often run the bar for section-specific events.

There are also employed cleaners and part-time handyman.

The Centre hosts both regular and occasional meetings of other organisations. It also hosts regular private bookings for a variety of celebratory and memorial occasions.

The two outdoor bowls sections joined together as a single section during the year.

Monthly Sunday lunches have continued although some had to be cancelled due to lack of pre-bookings.

A working party has been established to look at the long-term future of the Centre and suggest possible developments. The original building is now 60 years old. They have engaged with the Town Council with regards to the needs of the town and how the Centre can continue to contribute.

The Trustees confirm that they have had regard to the Charity Commission guidance on public benefits in the running of Mizzymead Recreation Centre.

3

ACHIEVEMENTS AND PERFORMANCE

Mizzymead Recreation Centre continues to provide sports and recreation facilities for the benefit of the residents of Nailsea and the surrounding area.

We welcome Nailsea Pool Club as a new Section.

All sections have been fully active and have attracted new members.

Financial Review

The charity made a surplus in the year of £23,270, with closing (total) reserves standing at £1,999,380 at year end. Free reserves increased in the year to £258,696 (from £209,584 in YE 2024).

Bar sales were slightly down but, still achieved a small trading surplus of £860, an increase on the previous year.

The Recreation Centre achieved a surplus of £32.8k to help fund future repairs and upgrades. £2.6k was spent on assets in the 2024/25 year. This is a significant reduction on recent years and allowed us to reclaim residual VAT as we were below the £7,500 partial exemption threshold.

The Centre has £100k on medium-term deposit which is not immediately needed for day-today expenses. It is maintained to cover the potential costs of an ageing building or other challenges. Maintaining this level of reserves is not a specific stated policy but, has been achieved, as desirable, for at least the last six years.

The sections achieved an overall surplus to help fund their section-specific repairs and upgrades to playing surfaces and equipment.

STRUCTURE, GOVERNANCE AND MANAGEMENT

A Trust Deed constitutes the governing document and the charity is constituted via a Charitable Trust.

The President, Chair, Secretary and Treasurer are elected at the Annual General Meeting. A vacancy may be filled at a Site Management Committee meeting.

Each Section elects a representative to the Site Management Committee at their Section AGM. Vacancies may be filled at Section Committee Meetings.

Nailsea Town Council have the right to appoint a representative to sit on the SMC. Councillor Antony Hobbs has been a committee member throughout the year and has recently been joined by Councillor Karen Bird.

4

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in [England & Wales/Scotland/Northern Ireland] requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) 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.

Signed on behalf of the charity’s Trustees,

CWeoWMer C Waller Trustee

26 September 2025

5

Independent examiner’s report to the trustees of Mizzymead Recreation Centre

I report to the trustees on my examination of the accounts of Mizzymead Recreation Centre (the Charity) for the year ended 30 April 2025.

Responsibilities and basis of report

As the charity trustees of the Charity 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 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 145(5)(b) of the Act.

Independent examiner’s statement

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:

  1. accounting records were not kept in respect of the Charity 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 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston BSc, FCA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: ………………………… 26 September 2025

6

MIZZYMEAD RECREATION CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 30 APRIL 2025

Note
Income from:
Charitable activities
2
Other trading activities
3
Other income
4
Investment income
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
8
Net movement in funds
Total funds at start of year
16
Total funds at end of year
16
Net income/(expenditure)
Unrestricted
funds
£
133,671
119,199
13,889
2,693
269,452
37,612
193,365
230,977
38,475
38,475
383,105
421,580
Endowment
funds
£
-
-
-
-
-
-
15,205
15,205
(15,205)
(15,205)
1,593,005
1,577,800
Total funds
2025
£
133,671
119,199
13,889
2,693
269,452
37,612
208,570
246,182
23,270
23,270
1,976,110
1,999,380
Total funds
2024
£
143,396
120,890
10,939
2,214
277,439
40,372
219,216
259,588
17,851
17,851
1,958,259
1,976,110

The Charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 9 to 18 form part of these financial statements See note 10 for fund-accounting comparative figures

7

MIZZYMEAD RECREATION CENTRE

BALANCE SHEET

AS AT 30 APRIL 2025

Note
Fixed assets
Tangible assets
11
2025
2024
£
£
1,740,684
1,766,526
Current assets
Stock
12
Debtors
13
Cash at bank and in hand
1,740,684
1,766,526
5,932
7,082
10,227
3,508
273,188
237,049
Liabilities
Creditors : amounts falling
due within one year
14
289,347
247,639
(30,651)
(38,055)
Net current assets 258,696
209,584
Total assets less current liabilities 1,999,380
1,976,110
Net assets 1,999,380
1,976,110
FUNDS
Unrestricted funds
General funds
17
Designated funds
17
Endowment funds
17
258,696
209,584
162,884
173,521
1,577,800
1,593,005
Total funds 1,999,380
1,976,110

These financial statements were approved by the Trustees on ....................... and are signed on their behalf by:26 September 2025

C Waller Trustee

The notes on pages 9 to 18 form part of these financial statements

8

MIZZYMEAD RECREATION CENTRE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1 Accounting policies

Accounting convention

The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and 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 (FRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011.

The accounts (financial statements) 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: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.

Income

Income from donations is included in income when these are receivable, except as follows:

I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;

II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

Investment income is included on a receivable basis.

Expenditure

Expenditure is recognised in the period in which it is incurred. Expenditure excludes attributable VAT which can be recovered.

Raising funds

Raising funds expenditure include those costs incurred in seeking voluntary contributions, costs of goods sold and other costs which include the costs of running and participating in fundraising events and collections and cost of goods purchased for resale.

Charitable Activities

Grants awarded are allocated to charitable activities.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.

9

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

Pension costs and other post-retirement benefits

The charity contributes to defined contribution pension schemes. Contributions payable to the charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate.

Tangible fixed assets

Fixed assets are held at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated ultimate residual value, over the useful life of that asset as follows:

Sports Surfaces - 5% Reducing Balance ; Straight Line 20 years Contents - 7.5% Reducing Balance ; Straight Line 10-15 years Building Improvements - Straight Line 20 years

The Charity, in partnership with its appointed Agent, opted to implement a new base line position for its fixed asset register using a comprehensive valuation of the site assets in August 2016.

Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

Cash at bank and in hand

Cash at bank and cash 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.

Creditors

Creditors and provisions are recognised where 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 discounts due.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.

Further explanation of the nature and purpose of each fund is included in note 16 of the financial statements.

10

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

2 Income from: Charitable activities

Section charges Unrestricted
funds
£
133,671
133,671
Endowment
funds
£
-
-
Total funds
2025
£
133,671
133,671
Total funds
2024
£
143,396
143,396

Prior year comparatives were represented by unrestricted funds.

3 Income from: Other trading activities

Bar and catering
User subscriptions
Lettings and hire
Unrestricted
funds
£
83,852
11,757
23,590
119,199
Endowment
funds
£
-
-
-
-
Total funds
2025
£
83,852
11,757
23,590
119,199
Total funds
2024
£
85,364
11,879
23,647
120,890

Prior year comparatives were represented by unrestricted funds.

4 Other Income

Solar panel income
Other
Unrestricted
funds
£
6,589
7,300
13,889
Endowment
funds
£
-
-
-
Total funds
2025
£
6,589
7,300
13,889
Total funds
2024
£
6,620
4,319
10,939

Prior year comparatives were represented by unrestricted funds.

11

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

5 Expenditure on: Raising funds

Bar and catering Unrestricted
funds
£
37,612
37,612
Endowment
funds
£
-
-
Total funds
2025
£
37,612
37,612
Total funds
2024
£
40,372
40,372

Prior year comparatives were represented by unrestricted funds.

6 Expenditure on: Charitable activities

Section expenditure
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
Governance costs
(Note 7)
Amortisation, depreciation, impairment,
profit/loss on disposal of fixed assets
Unrestricted
funds
£
81,040
43,883
1,025
41,850
13,238
8,805
1,339
2,185
193,365
Endowment
funds
£
-
-
-
-
15,205
-
-
-
15,205
Total
2025
£
81,040
43,883
1,025
41,850
28,443
8,805
1,339
2,185
208,570
Total
2024
£
83,580
41,071
1,728
38,887
38,537
10,189
1,611
3,613
219,216

Prior year comparatives were represented by unrestricted funds except for £38,537 related to the cost 'Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets'.

12

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

7 Governance costs

==> picture [512 x 81] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Endowment|Total funds|Total funds| |funds|funds|2025|2024| |£|£|£|£| |-| |Accountancy fees|2,185|2,185|3,613| |-| |2,185|2,185|3,613|

----- End of picture text -----

Prior year comparatives were represented by unrestricted funds.

8 Net income/(expenditure) for the year

This is stated after charging:

==> picture [506 x 80] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |2025|2024| |£|£| |Independent Examiner's Remuneration|- Independent examination|800|750| |- Accounts|1,300|1,250| |-|-| |Trustees' travel, meeting and training expenses| |Depreciation|28,443|30,243|

----- End of picture text -----

No Trustees have been reimbursed for their out of pocket travel expenses (2024:£nil). No Trustee received any remuneration during the year.

Aggregate donations from Trustees, key management personnel, and other related parties was £nil (2024: £nil).

9 Staff costs and numbers

The aggregate payroll costs were:

==> picture [512 x 88] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Wages & salaries|40,612|40,156| |-| |Social security costs|2,413| |Pension contributions|858|915| |43,883|41,071|

----- End of picture text -----

No employee received emoluments of more than £60,000 this and previous year.

The average monthly number of employees during the year was 6 (2024: 6), calculated on the basis of average headcount. The total employment benefits received by key management personnel including employer national insurance and employer pension were £16,591 (2024: £14,805).

13

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

==> picture [539 x 657] intentionally omitted <==

----- Start of picture text -----
10 Statement of Financial Activities comparative figures
Unrestricted Restricted Total funds
For the year ended 30 April 2024 funds funds 2024
£ £ £
Charitable activities 59,816 - 59,816
-
Other trading activities 120,890 120,890
Other 13,153 - 13,153
Total income 193,859 - 193,859
Expenditure on:
-
Raising funds 40,372 40,372
Charitable activities 97,099 38,537 135,636
Total expenditure 137,471 38,537 176,008
Net income/(expenditure) 56,388 (38,537) 17,851
Transfers 110,098 (110,098) -
Net movement in funds 166,486 (148,635) 17,851
Total funds at start of year 216,619 1,741,640 1,958,259
Total funds at end of year 383,105 1,593,005 1,976,110
----- End of picture text -----

14

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

11
Tangible fixed assets
Cost or valuation
At 1 May 2024
Additions
At 30 April 2025
Depreciation
At 1 May 2024
Charge for the year
At 30 April 2025
Net book value
At 30 April 2025
At 30 April 2024
Building
improvement
£
51,896
-
51,896
2,595
2,595
5,190
46,706
49,301
Land and
buildings
£
1,300,000
-
1,300,000
-
-
-
1,300,000
1,300,000
Sports
surfaces
£
292,547
-
292,547
48,843
12,610
61,453
231,094
243,704
Contents
£
230,810
2,601
233,411
57,289
13,238
70,527
162,884
173,521
Total
£
1,875,253
2,601
1,877,854
108,727
28,443
137,170
1,740,684
1,766,526

The buildings, including improvements, the land and the sports surfaces are considered to be endowed assets by the Trustees.

15

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

12
Stock
Raw materials and consumables
13
Debtors
Due in less than one year:
Prepayments and accrued income
VAT
Other debtors
14
Creditors: amounts falling due within one year
Other creditors
Taxes
Accruals and deferred income
15 Deferred income
At 1 May
Released in current year
Deferred in current year
At 30 April
2025
£
5,932
5,932
2025
£
1,077
6,222
2,928
10,227
2025
£
17,003
-
13,648
30,651
2025
£
13,744
(13,744)
10,294
10,294
2024
£
7,082
7,082
2024
£
1,506
-
2,002
3,508
2024
£
19,978
579
17,498
38,055
2024
£
17,602
(17,602)
13,744
13,744

Movement of the deferred income included in creditors.

16

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

16 Movement in funds

For the year ended 30 April 2025

Endowment fund
Unrestricted funds
General funds
Total funds
Designated:
Fixed asset fund
At 1 May
2024
£
1,593,005
1,593,005
209,584
173,521
383,105
1,976,110
Income
£
-
-
269,452
-
269,452
269,452
Expenditure
£
(15,205)
(15,205)
(217,739)
(13,238)
(230,977)
(246,182)
Transfers
£
-
-
(2,601)
2,601
-
-
At 30 April
2025
£
1,577,800
1,577,800
258,696
162,884
421,580
1,999,380

Endowment fund

The endowed funds are comprised of the buildings, land and sports surfaces of the charity.

Designated fund

Fixed asset fund

The fixed asset fund represents the non-endowed fixed assets of the charity.

Transfer:

The transfer in the year represents a correction to the split of the assets between funds, and the additions made in the period.

17

MIZZYMEAD RECREATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

16 Movement in funds (continued)

For the year ended 31 April 2024

Endowment fund
Unrestricted funds
General funds
Total funds
Fixed asset funds
At 1 May
2023
£
1,741,640
1,741,640
216,619
-
216,619
1,958,259
Income
£
-
-
193,859
-
193,859
193,859
Expenditure
£
(38,537)
(38,537)
(137,471)
-
(137,471)
(176,008)
Transfers
£
(110,098)
(110,098)
(63,423)
173,521
110,098
-
At 30 April
2024
£
1,593,005
1,593,005
209,584
173,521
383,105
1,976,110

17 Analysis of net assets between funds

As at 31 April 2025
Tangible fixed assets
Other net assets
As at 31 April 2024
Tangible fixed assets
Other net assets
Unrestricted Unrestricted
Endowment
Designated
General
Total
Funds
Funds
Funds
£
£
£
£
1,577,800
162,884
-
1,740,684
-
-
258,696
258,696
1,577,800
162,884
258,696
1,999,380
Unrestricted Unrestricted
Endowment
Designated
General
Total
Funds
Funds
Funds
£
£
£
£
1,593,005
173,521
-
1,766,526
-
-
209,584
209,584
1,593,005
173,521
209,584
1,976,110

18 Related party transactions

There are no transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements.

18

Audit Trail

Document Details Document Details
Title Mizzymead YE 2025 signed accounts.pdf
File Name Mizzymead YE 2025 signed accounts.pdf
Document ID 2dde015739b340eaa7253e98fabf9cfe
Fingerprint c0f12d5215c50acc150e6b39dd0666dc
Status In Process
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