EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY TRUSTEES) REPORT AND FINANCIAL STATEMENTS 29 FEBRUARY 2024 MOORE GREEN CHARTERED ACCOUNTANTS SUDBURY SUFFOLK
EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY INDEX TO FINANCIAL STATEMENTS 29 FEBRUARY 2024 Charity Inforn]ation Report of the Trustees Statement of Trustees, Responsibilities Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-14 Report of the Auditors 15- 18
EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY CHARITY INFORMATION CHARITY REGISTRATION NUMBER 310859 TRUSTEES Mrs S Thurgate (Chair) Cllr C Siddall (Vice Chair) Mr A Harvison Mr8 J Bailey Mr J Hayes Mr J Munro Mr A Shelton Cllr J Parish Cllr G Courtauld Mr S Milbank Mrs C Sterling Cllr J Bond (appointed June 2023) Mrs V Bruminitt (appointed Novembei. 2023) Ih Mrs Victoria Brummitt (to 26 Julle 2023) Mrs Pauline Kenning (from 26 June 2023) AIJDITORS Moore Green 22 Friars Street Sudbury Suffolk C0102AA BANKERS Barclays Bank PIC Leicester LE87 2BB INVESTMENT MANAGERS 59 Kleinwort Hambros Limited l Bank Street Canary Wharf London E14 4SG
EARLS COLNE AND IIALSTEAD EDUCATIONAL CHARITY REPORT OF THE TRUSTEES YEAR ENDED 29 FEBRUARY 2024 The Trustees present their annual report and the audited financial statements of the Charity for the year ended 29 February 2024. The fanCIal statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 201 E and Accounltllg and Reporting by Charities: Statement of Rccommended Practice applicable to charities preparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. CONSTITUTION The Charity was constituted on 31 July 1975 and is governed by a definitive Trust Deed and Rules dated the same day. The Trust is registered as a Charity, under number 310859. OBJECTTVES The purpose of the Charity is to provide grants for the furtherance of the education of local Ghildrcn and young adults. ACTIVKTIES AND ACHIEVEMENTS The Charity bas continued to rely on incomc from listed invcstmcnts and bank deposits. The investments are held for capital growth and to provide adequate income to cover educational grants. They havc been acquircd in accordance with the powcrs available to Trustees. Tbe Charity has adequate assets to meet future commitments to beneficiaries. There have been no changes to these policies during the ycar. The Charity bas achieved its objectiv¢ of distributing educational giants using its investment income. ORGANISATIONAL STRUCTURE Thc Charity's day to day affairs are managed by the Clerk to the Trustees. Regular Trustees, meetings are held at which decisions are taken by majority vote. REVIEW OF ACHIEVEMENTS AND PERFORMANCE The results for the year are set out in the statement of fmancial activities on page 7. The policy of the Charity is to distribute the rnaximum amount of income possible to its beneficiaries whilst recognising that only incomc can be distributcd - not capital. Thc Unrestricted Fund, from which distributions are made, has increased during thc year and has a balance of £33,240 at the end of the year.
EARLS COLNE AND HALSTEAD EDUCATIOIYAL CHARITY REPORT OF THE TRUSTEES (CONTINUED) YEAR EIWED 29 FEBRUARY 2024 MONITORTNG ACHIEVEMENTS The Charity received 71 applications from individuals, voluntary organisations and schools duriiig the 2023124 financial year. This was a slight reduction on the previous year due to fewer applications for Resource Grants. The Charity continued to provide fujjding to local schools to support students. with £1,500 granted towards the development of forest school areas, and the extra-curricular enrichment Per Capita grant allocations totalling £14,100. The Charity also awai.ded £4,661 towards projects that assist young people with adventurous and sportlllTr activities, and £4,?00 to studciits towards the costs associated with their univer%ity sttldies, in parcels of £200 for undergraduate awaTds and £1 00 for postgraduate awards. FINANCIAL REVIEW Tlie Charity's investment income rcceived for 2023124 was better than expectcd at £46,313 and exceeded the Charity's Stated Triinimum income requirement. Trustees will continue to cliallciig¢ our inv¢stment portfolio manager, Kleinwort Hambros (IQH), to achieve a desirable income for Ihe new financial year, though the economic outlook i'emains unsettled. Thei"cforc, the Board will corltinue to seek regular advi¢c froni KH and remain cautious whcn granting funding lo ensure the Charity's continued long-tern] viability. RESERVES POLICY The reserves of the charity currently stand at £1,201.470 (2023: £1,233,808). The policy of ihe chai.ity IS to disti"ibute the maximum amount of income possible to its beneficiaries. However, from 2011 to date, an amouiit of £10,000 is set aside in the budget to cover additional operating expenses. PERMANENT ENDOWMENT Following guidance received from the Charity Commission, the reserves of the Charity are separated between those relating to the Charity's pennanent endowment and tliose constituting the accrued excess of income over cxpenditure.
EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY REPORT OF THE TRUSTEES (CONTINUED) YEAR ENDED 29 FEBRUARY 2024 FIXED ASSETS Changes in fixed assets, including investments, arc sbown in Notes 6 and 7 to the fancIal statements. TRUSTEES The Trustees of the fund are shomffl on page l. The management committee consists of the Trustees. POLICY ON APPOtNTtNG TRUSTEES The Earls Colne and Halstead Educational Charity is bound by its constitution when appointing Trustees (scheme dated 31 July 1975 as amended by resolution dated 5 February 2018, as amended on 6 February 2023). The Board is comprised of13 members, made up of 5 Co-optative Trustees and 8 Nominative Trustees. Nominotive Triistees." The following organisations nominatc candidates to serve as a Trustec for a tern] of 4 years: I by the Council of Almoners of Cbrist's Hospital I by Braintrec District Council I by Earls Colne Parish Council I by Halstead Town Council I by The Ramsey Academy I by Hedingham School I by Honywood School and I Primary School Headteacher from the Cbarity's 'area of benefit.. Whenever a Nominative Trustee vacancy arises, notice of the vacancy should be given to the proper appointillg body as soon as possible. Co-opted Truslees.. There are 5 co-optative Tstee positions, which all have a terni of 5 years. Co-optative Trustees should be individuals. who, either through residcThcc, occupation, employment or other specialist knowledge, have a special understanding of the Charity's area of benefit (catrhm¢nt area). Nominations are made by Trustees at a normal Board meeting and a vote is then undertaken. Procedurefollowing a siiccessfvl nomination.. Once nominated each candidate is then sent a letter of appointment and is requested to sign an Acceptauc¢ of Office at their first Board tnceting. Thi5 is a signed declaration affThing their acceptance of. and willingness to act in accordance witb, tbe trust laid out within the constitution. Trustees are also requested to complete a Declaration of Interests forni and supply their date of birth. The Trustec's details are then entered on the Charity Conunission website.
EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY REPORT OF THE TRUSTEES (CONTINUED) YEAR ENDED 29 FEBRUARY 2024 The charity's Board Members shall cease to be Trustees, if: They remain absent from all meetings of the Board during a period of one year. They are adjudged to be bankpt. They are wholly incapacitated through ill health. They notify the Board in writing of their wish to resign. PRtNCIPAL OFFTCE The principal office of the Charity is.. 14 Chapel Street Steeple Bumpstead Haverhill Suffolk CB9 7DQ Approved by the trustees on . ,,141102 f . and signed on their behalf by: Mrs S Thurgate Chair Mrs P Kenning Clerk
EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY STATEMENT OF TRUSTEES, RESPONSIBILITIES YEAR ENDED 29 FEBRUARY 2024 Tbe charity tStee5 are responsible for preparÈng a trustees, annual report and financial statements in accordance with appliLable law and United Kingdom Accounting Standards (United Kingdom Geiicrally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Charity trustees to prepare. financial statements for each year which give a true and fair view of the state of affairs of the charity. and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: select suitable accoulitiiig policies and apply them consistently. make judgments and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and whether the financial statements have been prepared in accordance with the Statement of Recommended Practice, Accounting by Charities issued by the Charity Commission. and prepare the financial statements on the going concern basis unless it is appropriate to presume that the Charity will not continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any timc the financial position of the charity and to enable them to ensure that thc financial statements comply with the Charities Acl 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking rcasonable stcps for tbe prcvcntion and dctection of fraud and other iITegularities. The Mstees arc Tesponsible for the maintenance and integrity of the charity and financial inforniation included on the charity's website ill accordance with legislalion in thc United Kingdom governing the prepaTation and dissemination of financial statements.
EARLS COLI¥4E AIND IIALSTEAD EDUCATIONAL CHARtTY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 29 FEBRUARY 2024 2024 Restricted 2023 Total Notes Unrestricted Total 4COMING RESOURCES Investment Tncome 46.313 46,313 41,669 Donations 14 14 ESOURCES EXPENDED Direct Charitable Expendire 28,321 28,321 30,784 Indirect Expendithre.. Administration Expenses 10,022 7,511 17.533 17.575 'OTAL RESOURCES EXPENDED 38J43 7,511 45,854 48,359 IET (OUTGOING)IENCOMING RESOURCES 7.984 (7,511) 473 (6,690) Other Gains and Losses.. Realised Profitl(Loss) on Investments (13,311) (13,311) (31,8?5) UnTcalised (Loss)IGain on Investmcnls (19,500) (19.500) (28,404) ET MOVEMEwf IN FUNDS 7,984 (40,322) (32,338) (66,919) Transfer between funds S AT I MARCH 2023 25,256 1,208.552 1,233.808 1,300,727 IS AT 29 FEBRUARY 2024 33.240 1,168,230 1,201,470 1,233,808 otes l. Incomingloutgoing resources and Movements in rcscrves arise from contknuing opcralions. 2. Total gains or losses recognised for the current and precedillg financial year are detailed above.
EARLS COLNE AIW ILiLSTEAD EDUCATIONAL CIIARITY BALANCE SHEET YEAR EIYDED 29 FEBRUIUiY 2024 2024 tricted te Unrestricted FIXED ASSETS Computer Equipment INVESTMENTS 1,154.799 1,154.799 1,208,324 CURRENT ASSETS Debtors Cash at Bank Cash held by Kleinwort Hambros 349 25,647 13,593 349 25,647 26,774 27.167 3.485 13.181 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (6.350 250 (6.100] 5,170) NET CURRENT ASSETS 33,240 1,168,230 1,201,470 1,233,808 FUNDS Unrestricted Income Fund 33,240 33,240 25,256 Restricted Fund 1,168.230 1.168.230 1.208,552 33.240 1,168,230 1,201,470 1,233,808 These financial statements were approved by the Trustees on Mrs S Thurgate Chairper50n Mrs P Kenning Clerk
EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS 29 FEBRUARY 2024 I ACCOUNTtNG POLICIES Accounting convention The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities pi"eparing their accounts in accordance with the Financial Reporting Staiidard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Earls Colne and Halstead Educational Charity ineets the definition of a public liability entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless oth¢nvisc stated in the relevant accouiiting policy TJOte(s). Iiivestment incoine Divideiid%, iiitcrest receivable and any associated tax ci-¢dit are recoliSed by referciice to the date of payincnt. Iiivestments Iiivestments arc statcd at m"ket value. Any unrealised gains or losscs are included iii the Statement of Financial Activitics. Only when an iAivestinent is wholly sold is the gain or loss shown as realised. Accuinulated Funds The Unrestticted Fund represents accumulated annual surplus of income whilst The Restricted Fund represents the charity's pemianent endowment t-und, against which certain costs, notably the fund managers, fees, can be charged. Grants payable The Unrestricted Fund is only available for the general purposes of the charity as set out in the goveming document and the Trustees are free to use thks nd for any of the charity's puoses. Graiits are paid to individuals and local schools and organisations for the furtherance of education. Tangiblc fixed assets and depreciation Tangible assets are depreciated by annual instalinents over tbeir estimated usefijl lives: Computer equipment 250/0 reducing
10 EARLS COLNE AND HALSTEAI) EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 29 FEBRUARY 2024 Realised oaTns and losses All gains and losses are taken to the Statement of Fijjancial Activities as they arise. Realiscd gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined iu the Statement of Financial Activities. 2 [NVESTME INCOME 2024 2023 Bank interest received Dividends and other interest received 196 13 66 All dividend income is from listed investments.
EARLS COLNE AND IIALSTEAD EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED 29 FEBRUARY 2024 RESOURCES EXPENDED 2024 2023 Grants to Individuals (37 Grants Made) Grants to Other Bodies (Note 3A) 8,861 19,460 28,321 13,599 17,185 30,784 A GRAKfs TO OTHER BODIES 2024 2023 For Extra-curricular Enricliment in Schools - 22 Grants madc Ramsey School Hedingham School Honywood School Grants Les.$ Than £1,000 1,859 2,988 1.912 7,341 1,797 2.570 1,766 6.867 14,100 13,000 For other pui'poses in schools - 2 Grants madc Grants less than £l.000 1,500 1,000 1,500 1,000 For Voluntary Bodies (l O grants made) 3,860 19,460 3.185 17.185
EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED 29 FEBRUARY 2024 4 ADMINtSTRATION EXPENSES 2024 2023 Unrestri¢ted Remuneration and Costs, the Charity Clerk Website Costs Audit Fees Noii-audit fees Sundry cxpenses Loss on Disp05al 6,320 172 3.000 414 115 6,152 317 2,500 386 65 10.022 9,420 Restricted Investment Management Charges Interest Charoes Exchange rate difference 7.511 8.155 7,511 8,155 5 TRUSTEES During the year payroll was operated providino remunerdtion to Mrs V Brummitt and Mrs Paulin¢ Kcnning for their setvices to the charity as clerks. this amounted to £6.114. Expenses were also reimbursed in the year amounting to £206. with no balance outstanding at the year Lnd. No trustees received any remunerdtion, nor had any expenses rcimbursed to thcm. Total employed staff for thc year l (2023- 1). 6 FIXED ASSETS Com ui uter Cost At l March 2023 Disposals At 29 February 2024 942 {449) 493 Depreciation At l March 2023 Eliminat¢d on Disposals At 29 February 2024 940 (448) 492 Net Book Value At l March 2023 At 29 February 2024
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EARLS COLNE AND HALSTEAD EDUCATIONAL CIIAIUTY NOTES TO THE FINANCIAL STATETrfENTS CONTINUED YEAR ENDED 29 FEBRUARY 2024 8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Expenses Accrued 6,100 5,170 9 RECONCILIATION OF FUNDS Unrestricted Fund Restricted Fund ?024 Total 20?3 I March 25.256 1,208.552 1,233.808 1,300,727 Net (Outgoing)/lncoming Resources (Paoe 7) 7,984 (7,511) 473 (6,690) Realised Profitl(Loss) on Disposal of Investment (13,311) (13,311) (31,825) Gainsl(Losses) on Investments (19,500) (19,500) (28,404) 29 February 33.240 1,168,230 1.201,470 1,233,808 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed Assets Net Cuent assets Investments Total Restricted Income Fund8: Unrestricted Income Funds: 1,154,799 l3,431 33,239 1,168.230 33,240 TOTAL FUNDS 1,154,799 46,670 ,201.470
15 KARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY 29 FEBRUARY 2024 Opinion We have audited the financial statements of Earls Colne and Halstead Educational Charity for the year ended 29 February 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK. In our opinion the financial statements: give a true and fair view, of the state of the charity's affairs as at 29 February 2024 and of its incoming resources and application of resources, for tlie year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and have been PTepaTed in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are furtheT described in the Auditor's responsibilities foi the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and wc have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a pcriod of at least twelve months from the date when the financial statements are authorised for issue.
16 EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY (continued) 29 FEBRUARY 2024 Other information The trustees are responsible for the other infom]ation. The other inforniation comprises the infomiation included in the trustees, annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other information and, in doing so, consider whether the other infornjation is materially inconsistent with the financial statements, or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infornlation. If, based on the work we have perfonned. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: the inforniation given in the Trustees, Annual Report is inconsistent in any material respect with the financial statements" or sufficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records and returns. or we have not received all the infomiation and explanations we require for our audit. Responsibilities of Trustees The trustees, responsibilities for preparing the Report of thc Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) are set out in the Statement of Trustees, Responsibilities. Jn preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
17 EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY (continued) 29 FEBRUARY 2024 Responsibilities of auditors We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our responsibility is to audit the financial statements in accordance with relevant legal and iegulatory requirements and International Standards on Auditing (UK and Ireland). We report to you our opinion as to whether the financial statements give a true and fair view and are prepared in accordance with the Charities Act 2011. We also report to you if, in our opinion, the infonnation given in the Report of the Trustees is not consistent with the financial statements, if the charity has not kept sufficient accounting Tecords, if the financial statements are not in agreement with those accounting records or if we have not received all the inforniation and explanations we require for our audit. We read the Report of the Trustees and consider the implications for our report if we become aware of any apparent misstatements within it. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detsiled below.. In identi.g and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included obtaining an understanding of the legal and regulatory frarneworks applicable to the charity and the sector in which they opernte. We detern]ined that the most significant laws and regulations were the Charities Act 2011. We assessed and concluded that the charity's kcy area was in relation to asset valuation. Specific audit tests were undertaken to review this and ensure correct valuation included at thc year end. We assessed the susceptibility of the charity's financial statements to material misstatement, including how fraud might occur. Audit procedures by the engagement team included identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud. understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process. challenging assumptions and judgements made by management in its significant accounting estimates. identifying and testing unusual value entries, in particular any entries posted with unusual account combinations. and assessing the extent of compliance with the relevant laws and regulations. The size of the Charity and value of transactions indicated a low level of material risk. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or erTor, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from cffor, as fraud may involve collusion, forgery, intentional omisskons, misrepresentations, or the oveTtide of intemal control.
18 EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EARLS COLNE AND HALSTEAD EDUCATIONAL CHARITY (continued) 29 FEBRUARY 2024 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit fdIngS, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have fornied. Moore Green Statutory Auditors 22 Friars Street Sudbury Suffolk COIO 2AA Moore Green is eligible to acl as an audilor in lernu ofseclion 1212 of the Companies Aci 2006