SIMON LANGTON SCHOOLS ENDOWMENT FUND ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 REGISTERED CHARITY NO. 307941 SIMON LANGTON SCHOOLS ENDOWMENT FUND TRUSTEES AS AT 31ST MARCH 2023 TERM END NOMINATED BY THE BOYS. SCHOOL Mr. Douglas Agnew Mrs Gilda Scarfe Mr. Ed Ludlow Ms Laura Ilsey 01.11.2025 01.11.2025 01.03.2026 01.03.2026 NOMINATED BY THE GIRLS SCHOOL Mr. Ashley Kimble Mrs. Georgina A. Glover (Chair) Mr. Simon Cook (Vicè Chair) Mr. Ash Reygate 01.03.2025 01.11.2024 01.11.2024 01.11.2025 COQPTED TRUSTEES Mr. Nigel Wootton Mr. Paul F Addis O.B.E. VaGant position 01.11.2025 01.08.2026 OFFICERS AND ADVISERS TO TRUSTEES CLERK & TREASURER Mr. Philip Wyard 3 Abbey Pla￿, Faversham, Kent ME13 7BG INDEPENDENT EXAMINER Brenda Peers-Ross A.C.l.E SOLICITORS Furfey Page LLP PROPERTY ADVISERS Hugh O'Donnell (Carter Jonas) Caxtons (Canterbury) FINANCIAL ADVISERS Craven Street Wealth HEADTEACHERS Dr. Ken Moffat- Simon Langton Boys School Headteacher Mr. Paul Pollard - Simon Langion Girfs School Headteacher SIMON LANGTON SCHOOLS ENDOWMENT FUND TRUSTEES AS AT 25fH JUNE 2024 TERPJI END NOMINATED BY THE BOYS, SCHOOL Mr. Douglas Agnew Mr. Matthew Jones-Roberts Mr. Ed Ludlow Ms Laura lisey 01.11.2025 01.11.2027 01.03.2026 01.03.2026 NOMINATED BY THE GIRLS SCHOOL Mr. Ashley Kimble Mrs. Georgina A. Glover {Chair) Mr. Simon Cook (Vice Chair} Ms. Sara Wade 01.03.2025 01.11.2024 01.11.2024 01.11.2027 CO-OPTED TRUSTEES Mr. Nigel Wootton Mr. Paul F Addis O.B.E. Ms. Laetrtia D'Alton Gullett 01.11.2025 01.08.2026 01.11.2027 OFFICERS AND ADVISERS TO TRUSTEES CLERK & TREASURER Mr. Philip Wyard 3 Abbey Place, Faversham, Kent ME13 7BG SIMON LANGTON SCHOOLS ENDOWMENT FUND ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 The Simon Langton Schools Endowrnent Furtd is constrtuted by a Scheme made by the Minister of Educatlon dated 9th November 1956 as amended by the Schemes of 26th February 1991 and 71h March 2001 dealing with the appointment oftrustees, and a Modification Order daled 6th January 1994 dealing with the then grant-maintained status of the Boys, School. Clause 3 of the Modification Order provides that the Order was only valid whilst the Boys School remained grant maintained. Under the Schools Standards and Framework Act 1998 grant-maintained schools were abolished and under the Act's provisions the Boys School became a Foundation School with funding through Kent County Council. In accordance with advice received from the Charity Commission on 4 March 2009 the Trustees proposed a resolution to provide that all Trustees appointed by the respective goveming Bodi85 should be a Governor serving on the appointing goveming body. The foundation is a registered charity No. 307941 in the name of 'Simon Langton Schools., but by common usage is referred to as the Simon Langton Schools Endowment Fund. The Charity's registered addr8ss for all correspondence purposes is that of the Clerk and Treasurer, 3, Abbey Place, Faversham, ME13 7BG. There are eleven trustees, four each nominated by the governors of each school and thrne o>opted. Full details are shown on page 1 of this booklet togethèr with details of offrErs and advisers to the trustees. The objects of the ¢harity are laid down by sections 13 & 14(1 } of the Scheme of 1956 as amended. and are as foll¢)ws'. 13. The Trustees may apply such yearly sums as they think fit, being not more than one half of the said net income, in providing SLsch special benefrts, of any kind not nomially provided by the Local Education Authority. for the Girls, School of the Foundation as may from time to time be agreed upon between the Authority and the Trustees, and in providing such special benefits for the Boys, School of the Foundation as they think fit. being benefits of a kind not nomially provided from grant aid paid under section 79{1) of the Education Refomi Act 1988. 14. (1) The residue of th& said net incom8 shall be applied by the Trustees in on8 or more of the following ways= . (a) In awarding to beneficiaries, Scholarships. Bursaries or maintenan￿ AllOwan￿S tenable at any School, University, or other pla￿ of learning approved by the Trustees. (b) In providing financial assistance. outfits, clothing, tools, instruments, or books to enable beneficiaries on leaving school. a university, or any other educational establishment to prepare for, or to assist their entry into, a profession, trade or calling. (c) In awarding ScholaT5hips or Maintenance Allowances to enable beneficiaries to travel abroad to pursue their education. (d) In providing, or assisting the provision of faciltties, of any kind not normally provided by the Local Education Authority, for recreation and social and physical training, including the provision of coaching in athletics, sports, and games, for beneficiaries who are re￿Iving primary, secondary or further education" and (e} In providing financial assistance to enable beneficiaries to study music or other a The Trustees also have in their care a few restricted funds which have been provided by 9ift or legacy for specific purposes as defined by the donors, e.g., Prize Funds, Jane Wade Lecture Fu d, the Brar Overseas Fund, and the Edmonson Noakes Fund. Full delails of the purposes of thesp funds are shown in the noles to the Balance Sheet and Accounts which fomis part of this report. Each year the Trustees approve specific sums to each school for the provision of facililiei detailed in submissions by the two head teachers. The sums approved for 2022123 were £10,446 fpr the Girls, School and £1,843 for thè Boys, School. The attached financial statements show the current state of the fInan￿S which the Trusteas consider lo be sound, with adequate surpluses being generated each year to meet the reasonable future demands of the schools. Before 2009 the Investment benefitted from the Treasury Management input from Canterbury City Council and were incorporated into the Council's portfolio of investments. Canterbury City Council indicated that too much of its staff time was taken up in managing the investment and the Capital was nvested in CCLA income units. The pattern of income and the absen￿ of satisfactory capital growth led the Trustees to appoint Tarvos Wealth to act as financial advisors to the trust. As a result of their advice, the main Capital of the Trust was placed with Psigma Management Limited for active management in line with the Trust's approved investment policy on diversification and types of investment. The Trust voted to purchase the land and buildings, which make up a fami known as Rowlyn Isa in Conwy, North Wales, which has provided the opportunrty for students to spend a week in an oulward- bound type of facility since the early 1960s. Previously the Trust rented the land from a local farmer, but he had retired and put the land and buildings up for sal8, giving the Trust first option to purchase. The purchase pri￿ was £507,500. The substantial reduction in capital invested with Psigma resulted in the consideration of the Trustees to review whether the substantial costs charged by Psigma for the detailed bespoke management of the portfolio warranted the continuance of this method of management_ At a special Trustees meeting on the 10th Of February 2020 the Trustees decided to switch the portfolio into a balanced income fund managed by Square Mile Research, which is part ofAegon, which is a brand name of Scottish Equitable and Co-funds Limited. This will follow the Trustees investment policy of a balan￿ of sustainable income and steady capital growth. The Edmonson Noakes Fund has b8en held on deposit, but it was r61eased in 2019 and a bursary of £78,895.60 was transferred to The Simon Langton Schools Trust Current Account. It has since been transferred to the Girls School during 2020121. The specific funds for the Girls prize fund, the Boys Prize fund, and the Jane Wade lecture Fund remain in their original CCLA COIF funds, as they are restricted funds. separate to the general endowment fund. The interest that had built up over the years was during 2019-20 transferred to the schools from th8 Trust's current account. The small amounts of interest earned now resume being credited to the Trust current account. The Deposit Account r8s8Ne has reduced to a balance of £25,000 on 31 March 2023. The Trustees voted at the March 2022 Trustees meeting to draw down £10,000 from this balance to honour the commitment to the Girls School for ils annual grant payfflent for 21-22. as revenue income frorn the investment had dwindled due to the unfavourable economic climate, and the cash balance had reduced to a level below what is required. The investment will still be treated as one sum despite the purchase of the Rowlyn land pnd buildings in North Wales, to preserve investment opportunities and value, and the capital treated ap one sum in the accounts. The allocation of grant behveen the schools will be calculated by the T asurer and approved at the March Trustees meeting. The grant to be made available is now based on the income received in the previous finan of expenditure relating to the nomial running of the Trust rather than a flxed allocation per ial year, net upil. The accounts have been prepared on a receipts and payments fomiat, as the Trust's gross Income is less than Ihe £250,000 threshold. Investments are currently held in the following names: COIF Aegon The charity's bankers are Lloyds Bank, Canterbury. The new independent examiner of the 22-23 accounts is Brenda Peer-Ross A.C.l.E. Richard Armishaw retired after examining the 21-22 accounts. Philip Wyard Clerf< & Treasurer to the Trustees On behalf of the Trustees 24th June 2024 Signed.. Chair of Simon Langton Schools Trustees - Georgina Glover Recei and Pa ments kcount 22-23 21-22 Unrestricted Fund5 Restricted Funds Endowment Funds Total funds Last Year A1 R￿eIpts Donations and Legacie Rènts and Wayleaves Rowlyn Rents Jesus Hospital Intsrtrgl on Investments Interest on Balance8 8,748 8.746 7,623 19,795 324 551 130 20,346 13,997 15 Sub Tot81 29,546 21,835 A2 A8setSale8 and Investment Sal￿,￿￿ Total Re￿Ipts 29.546 21.636 A3 Pa￿entS Donations and Legaix Direct Charitable Expenditure SLGGS Sundry Exfxnditur¢ SLBS Sundry Expenditur8 R￿yn Expandiiure Management and Admini$lraUon 21,226 111 21,226 31,387 1.055 5,5 4,356 5,217 9,312 4,￿6 Sub Total 31,172 31.172 46.971 A4 As8•t And Investment Purchats￿ ot¢ Totsl Payments 31,172 31,172 46,971 Net of Receipls1{PayThents) -2.306 .1,626 -25.3361 AS Tran¥fer¥ Funds A6 Cash Funds Last Year 3,370 42,816 68.151 Cash Funds This year •n 37,140 4050 41.190 42.8161 518ned.. Chair of Trustees- Georgina fjlover stat•m?nt of Assgts and Llabllwes althe ond of th• poriod Unrestslcted R8$trkled E￿ow￿eTht FyrN15 FuEM15 Funds Bl cash Funds General Fund 37,140 8oy8 Prize Fund Gids Pryzg Fund Edmon50n Noake5 Bursary 2 Jane Wade Le￿U￿ Fund Brar Overseas ServM8 Fu 1.763 293 1,166 Tot81 Cash Funds 37,140 4.050 B2 Other Monetary A88ets fund to whi¢h asset belon￿ co8t B3 Invesln*nt A68ets Investment Pmperty.. Rowlyn- Land and Buildings currentvalug 507,500 Olh8rln￿Sfr1J￿nts.. Endowm8nt Aegon ICoFund8 Ltd) no. Bh8r85 unit velue in pence total value at 31.3.2023 899,1 Jane Wade lecture fund Corf IrKome shares 91.09 1873.66 1,7(K.72 Boys Prsze fund Corf incorne sharos $29.97 1873.66 11,803.50 Girt8 prrze fund Corf income shares 289.72 1873.e6 5,428.37 Shorttem) Investments.. Corf deposrt awount 25,0 84 Assgts r*tskned for the charity'8 own use 86 Liabilib88 SIRned.. Chalr of TrUsts￿- Geor8ina Gk)vÈr SIMON LANGTON SCHOOLS ENDOWMENT FUND ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 REGISTERED CHARITY NO. 307941 SIMON LANGTON SCHOOLS ENDOWMENT FUND TRUSTEES AS AT 31ST MARCH 2023 TERM END NOMINATED BY THE BOYS. SCHOOL Mr. Douglas Agnew Mrs Gilda Scarfe Mr. Ed Ludlow Ms Laura Ilsey 01.11.2025 01.11.2025 01.03.2026 01.03.2026 NOMINATED BY THE GIRLS SCHOOL Mr. Ashley Kimble Mrs. Georgina A. Glover (Chair) Mr. Simon Cook (Vicè Chair) Mr. Ash Reygate 01.03.2025 01.11.2024 01.11.2024 01.11.2025 COQPTED TRUSTEES Mr. Nigel Wootton Mr. Paul F Addis O.B.E. VaGant position 01.11.2025 01.08.2026 OFFICERS AND ADVISERS TO TRUSTEES CLERK & TREASURER Mr. Philip Wyard 3 Abbey Pla￿, Faversham, Kent ME13 7BG INDEPENDENT EXAMINER Brenda Peers-Ross A.C.l.E SOLICITORS Furfey Page LLP PROPERTY ADVISERS Hugh O'Donnell (Carter Jonas) Caxtons (Canterbury) FINANCIAL ADVISERS Craven Street Wealth HEADTEACHERS Dr. Ken Moffat- Simon Langton Boys School Headteacher Mr. Paul Pollard - Simon Langion Girfs School Headteacher SIMON LANGTON SCHOOLS ENDOWMENT FUND TRUSTEES AS AT 25fH JUNE 2024 TERPJI END NOMINATED BY THE BOYS, SCHOOL Mr. Douglas Agnew Mr. Matthew Jones-Roberts Mr. Ed Ludlow Ms Laura lisey 01.11.2025 01.11.2027 01.03.2026 01.03.2026 NOMINATED BY THE GIRLS SCHOOL Mr. Ashley Kimble Mrs. Georgina A. Glover {Chair) Mr. Simon Cook (Vice Chair} Ms. Sara Wade 01.03.2025 01.11.2024 01.11.2024 01.11.2027 CO-OPTED TRUSTEES Mr. Nigel Wootton Mr. Paul F Addis O.B.E. Ms. Laetrtia D'Alton Gullett 01.11.2025 01.08.2026 01.11.2027 OFFICERS AND ADVISERS TO TRUSTEES CLERK & TREASURER Mr. Philip Wyard 3 Abbey Place, Faversham, Kent ME13 7BG SIMON LANGTON SCHOOLS ENDOWMENT FUND ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 The Simon Langton Schools Endowrnent Furtd is constrtuted by a Scheme made by the Minister of Educatlon dated 9th November 1956 as amended by the Schemes of 26th February 1991 and 71h March 2001 dealing with the appointment oftrustees, and a Modification Order daled 6th January 1994 dealing with the then grant-maintained status of the Boys, School. Clause 3 of the Modification Order provides that the Order was only valid whilst the Boys School remained grant maintained. Under the Schools Standards and Framework Act 1998 grant-maintained schools were abolished and under the Act's provisions the Boys School became a Foundation School with funding through Kent County Council. In accordance with advice received from the Charity Commission on 4 March 2009 the Trustees proposed a resolution to provide that all Trustees appointed by the respective goveming Bodi85 should be a Governor serving on the appointing goveming body. The foundation is a registered charity No. 307941 in the name of 'Simon Langton Schools., but by common usage is referred to as the Simon Langton Schools Endowment Fund. The Charity's registered addr8ss for all correspondence purposes is that of the Clerk and Treasurer, 3, Abbey Place, Faversham, ME13 7BG. There are eleven trustees, four each nominated by the governors of each school and thrne o>opted. Full details are shown on page 1 of this booklet togethèr with details of offrErs and advisers to the trustees. The objects of the ¢harity are laid down by sections 13 & 14(1 } of the Scheme of 1956 as amended. and are as foll¢)ws'. 13. The Trustees may apply such yearly sums as they think fit, being not more than one half of the said net income, in providing SLsch special benefrts, of any kind not nomially provided by the Local Education Authority. for the Girls, School of the Foundation as may from time to time be agreed upon between the Authority and the Trustees, and in providing such special benefits for the Boys, School of the Foundation as they think fit. being benefits of a kind not nomially provided from grant aid paid under section 79{1) of the Education Refomi Act 1988. 14. (1) The residue of th& said net incom8 shall be applied by the Trustees in on8 or more of the following ways= . (a) In awarding to beneficiaries, Scholarships. Bursaries or maintenan￿ AllOwan￿S tenable at any School, University, or other pla￿ of learning approved by the Trustees. (b) In providing financial assistance. outfits, clothing, tools, instruments, or books to enable beneficiaries on leaving school. a university, or any other educational establishment to prepare for, or to assist their entry into, a profession, trade or calling. (c) In awarding ScholaT5hips or Maintenance Allowances to enable beneficiaries to travel abroad to pursue their education. (d) In providing, or assisting the provision of faciltties, of any kind not normally provided by the Local Education Authority, for recreation and social and physical training, including the provision of coaching in athletics, sports, and games, for beneficiaries who are re￿Iving primary, secondary or further education" and (e} In providing financial assistance to enable beneficiaries to study music or other a The Trustees also have in their care a few restricted funds which have been provided by 9ift or legacy for specific purposes as defined by the donors, e.g., Prize Funds, Jane Wade Lecture Fu d, the Brar Overseas Fund, and the Edmonson Noakes Fund. Full delails of the purposes of thesp funds are shown in the noles to the Balance Sheet and Accounts which fomis part of this report. Each year the Trustees approve specific sums to each school for the provision of facililiei detailed in submissions by the two head teachers. The sums approved for 2022123 were £10,446 fpr the Girls, School and £1,843 for thè Boys, School. The attached financial statements show the current state of the fInan￿S which the Trusteas consider lo be sound, with adequate surpluses being generated each year to meet the reasonable future demands of the schools. Before 2009 the Investment benefitted from the Treasury Management input from Canterbury City Council and were incorporated into the Council's portfolio of investments. Canterbury City Council indicated that too much of its staff time was taken up in managing the investment and the Capital was nvested in CCLA income units. The pattern of income and the absen￿ of satisfactory capital growth led the Trustees to appoint Tarvos Wealth to act as financial advisors to the trust. As a result of their advice, the main Capital of the Trust was placed with Psigma Management Limited for active management in line with the Trust's approved investment policy on diversification and types of investment. The Trust voted to purchase the land and buildings, which make up a fami known as Rowlyn Isa in Conwy, North Wales, which has provided the opportunrty for students to spend a week in an oulward- bound type of facility since the early 1960s. Previously the Trust rented the land from a local farmer, but he had retired and put the land and buildings up for sal8, giving the Trust first option to purchase. The purchase pri￿ was £507,500. The substantial reduction in capital invested with Psigma resulted in the consideration of the Trustees to review whether the substantial costs charged by Psigma for the detailed bespoke management of the portfolio warranted the continuance of this method of management_ At a special Trustees meeting on the 10th Of February 2020 the Trustees decided to switch the portfolio into a balanced income fund managed by Square Mile Research, which is part ofAegon, which is a brand name of Scottish Equitable and Co-funds Limited. This will follow the Trustees investment policy of a balan￿ of sustainable income and steady capital growth. The Edmonson Noakes Fund has b8en held on deposit, but it was r61eased in 2019 and a bursary of £78,895.60 was transferred to The Simon Langton Schools Trust Current Account. It has since been transferred to the Girls School during 2020121. The specific funds for the Girls prize fund, the Boys Prize fund, and the Jane Wade lecture Fund remain in their original CCLA COIF funds, as they are restricted funds. separate to the general endowment fund. The interest that had built up over the years was during 2019-20 transferred to the schools from th8 Trust's current account. The small amounts of interest earned now resume being credited to the Trust current account. The Deposit Account r8s8Ne has reduced to a balance of £25,000 on 31 March 2023. The Trustees voted at the March 2022 Trustees meeting to draw down £10,000 from this balance to honour the commitment to the Girls School for ils annual grant payfflent for 21-22. as revenue income frorn the investment had dwindled due to the unfavourable economic climate, and the cash balance had reduced to a level below what is required. The investment will still be treated as one sum despite the purchase of the Rowlyn land pnd buildings in North Wales, to preserve investment opportunities and value, and the capital treated ap one sum in the accounts. The allocation of grant behveen the schools will be calculated by the T asurer and approved at the March Trustees meeting. The grant to be made available is now based on the income received in the previous finan of expenditure relating to the nomial running of the Trust rather than a flxed allocation per ial year, net upil. The accounts have been prepared on a receipts and payments fomiat, as the Trust's gross Income is less than Ihe £250,000 threshold. Investments are currently held in the following names: COIF Aegon The charity's bankers are Lloyds Bank, Canterbury. The new independent examiner of the 22-23 accounts is Brenda Peer-Ross A.C.l.E. Richard Armishaw retired after examining the 21-22 accounts. Philip Wyard Clerf< & Treasurer to the Trustees On behalf of the Trustees 24th June 2024 Signed.. Chair of Simon Langton Schools Trustees - Georgina Glover Recei and Pa ments kcount 22-23 21-22 Unrestricted Fund5 Restricted Funds Endowment Funds Total funds Last Year A1 R￿eIpts Donations and Legacie Rènts and Wayleaves Rowlyn Rents Jesus Hospital Intsrtrgl on Investments Interest on Balance8 8,748 8.746 7,623 19,795 324 551 130 20,346 13,997 15 Sub Tot81 29,546 21,835 A2 A8setSale8 and Investment Sal￿,￿￿ Total Re￿Ipts 29.546 21.636 A3 Pa￿entS Donations and Legaix Direct Charitable Expenditure SLGGS Sundry Exfxnditur¢ SLBS Sundry Expenditur8 R￿yn Expandiiure Management and Admini$lraUon 21,226 111 21,226 31,387 1.055 5,5 4,356 5,217 9,312 4,￿6 Sub Total 31,172 31.172 46.971 A4 As8•t And Investment Purchats￿ ot¢ Totsl Payments 31,172 31,172 46,971 Net of Receipls1{PayThents) -2.306 .1,626 -25.3361 AS Tran¥fer¥ Funds A6 Cash Funds Last Year 3,370 42,816 68.151 Cash Funds This year •n 37,140 4050 41.190 42.8161 518ned.. Chair of Trustees- Georgina fjlover stat•m?nt of Assgts and Llabllwes althe ond of th• poriod Unrestslcted R8$trkled E￿ow￿eTht FyrN15 FuEM15 Funds Bl cash Funds General Fund 37,140 8oy8 Prize Fund Gids Pryzg Fund Edmon50n Noake5 Bursary 2 Jane Wade Le￿U￿ Fund Brar Overseas ServM8 Fu 1.763 293 1,166 Tot81 Cash Funds 37,140 4.050 B2 Other Monetary A88ets fund to whi¢h asset belon￿ co8t B3 Invesln*nt A68ets Investment Pmperty.. Rowlyn- Land and Buildings currentvalug 507,500 Olh8rln￿Sfr1J￿nts.. Endowm8nt Aegon ICoFund8 Ltd) no. Bh8r85 unit velue in pence total value at 31.3.2023 899,1 Jane Wade lecture fund Corf IrKome shares 91.09 1873.66 1,7(K.72 Boys Prsze fund Corf incorne sharos $29.97 1873.66 11,803.50 Girt8 prrze fund Corf income shares 289.72 1873.e6 5,428.37 Shorttem) Investments.. Corf deposrt awount 25,0 84 Assgts r*tskned for the charity'8 own use 86 Liabilib88 SIRned.. Chalr of TrUsts￿- Geor8ina Gk)vÈr **Brenda Peers-Ross 29 Drift Road Selsey Chichester West Sussex PO20 0PW** To the Trustees: **SIMON LANGTON SCHOOLS ENDOWMENT FUND** **Registered Charity Number: 307941** ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** ## **Responsibilities and basis of report.** I have Independently Examined the Financial Statements on Pages 5 -7, for the financial year ending 31[st] March 2023. ## **Respective responsibilities of Trustees and Examiner** As the charity’s trustees, you are responsible for the preparations of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). The charity’s Trustees consider an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. I report on 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. ## **Basis of Independent Examiner’s Report** My examination was carried out in accordance with general Directions given by the Charity Commission and in accordance with section 145 of the Charities Act 2011. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you and the trustees concerning 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 next statement. ## **Independent Examiner’s Statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in material respect: - the accounting records were not kept in accordance with section 130 of the 2011 Act: or - the accounts did not accord with the accounting records. 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. ## Brenda Peers-Ross Brenda Peers-Ross FMAAT ACIE Date: 9[th] July 2024