BFWG Charita le Foun (A Limited Company) Trading as FtWG - Funds for Women Graduates Company No. 206171 Charity No. 312903 Repo fBnanciaB stat or the year en ecember 2022 BFWG Charltable Foundation Report and financial statements For the year ènded 31 December 2022 Contents Page Reference and admlnlstratlve Inforniation Trustees, annual report Indfrpondent audltors, roport Statement of flnanclal actlvltles (incorporating an income and expenditure account) 10 Balanco sheet 11 Statement of ¢ash flows 12 Note8 to the financlal 8talements 13-18 BFWG Charltable Foundatlon Referenco and admlnlstratlv• inforniation For the year ondod 31 D•c•mb•r 2022 Professor J. Hart. BSC. PhD Ms A Ashawaf, BDS 1986. FDSRCS. MFGDP Dr J Aston, PhD Professor C. Caff. DPhil Ms Caroline Graham. MA, LLB Ms Jasmit Kaur Phull. JP.. 8Sc.. BMS Mrs &A Sherrlff. BA (Hons) Mr W.S. Tully. MA, ACA Ms ￿ VNleon LLB (Hons}. B.E¢ c￿0p1ed 1 August 2022 Resh3ned 31 July 2022 Cofflp•ny 8•¢r•tary: Sally Dowdl FCCA Comp•ny numb•r. Charlty numb•r. 206171 312903 R•gt•t•r•d offic•: 57 Ajma RI￿1 Leeds LS6 Z4H Audltor•: Goldwtns Lirnited 75 Maygrove Road West Hampslead London NW6 2EG B•nk•r•: HSBC Bank PLC 21 High Street Slorringlon PLlborough Wesl Sussex RH20 4DR Fund M•na9•rn: Rathbone Investmenl Management Finsbury Circus London EC2M 7AZ CLA One AThJol Lane London EC4R 3AB Trustees. Report To the members of the BFWG Charitable Foundation For the year ended 31 Da¢•mber 2022 The trustees, who are also direclors under company law, present their report and financial statements for the year ended 31 December 2022. The tru51ees confimi that the financial slalemenls comply with current statutory requirements. the memorandum and artides of association and the Slatemenl of Recommended Practice - Accounting and Reporting by Charities.. SORP applicable lo charities preparing their accounts in a¢¢ordan¢e FRS 102. Objectives and activities Purposes and alms The objects for which the charity was established, and which are stated in ils Memorandum. a￿. Th& advancement of educalion and the promotit)n of high&r eduCat￿n and W￿&r baming of women graduates. The aim of the Charitable Foundatlon is lo help women gradual8s realise their academic ambitions of higher education by awarding grants lo help with living expenses whilst they pursue their studies. Successful applicants are those who meet the stated criteria and for whom the charity has sufficient funds. The cril&ria include establishing the proven needs of the applicants 8nd their academlc calibre. Publ1¢ beneftt The charitable purpose of the Charitsble Foundation 15 the advancement of education. The benefft offered by the charity is a financial one and 1$ lo help with maintenance costs whilst the recipient is studying. Women from anywhere in the world Thay apply to th8 charity for financial assistsnce provided they are studying in Great Britain. The Iruslees have complied with the duty in $.17 of the Charities Act 2011 to have dLse regard to guidance published by the Charily Commission. Grant maklng The charity makes grants lo individuals. A grant is awarded as a conlribution towards living expenses lo p)slgraduate women engaged in studies at approved in$litulions in Great Britsin. The charity's main foundation grants are made for the academic year to come whilst the emergency grants are to help those v4ho face unforeseen finanGial drfficultles In the current academlc year. Theodora Bosanquet Bursaries are offered annually lo woman graduatès whosg research in hi$lory or English literature requires a short residence in London in the summer. One fellowship, the FtWG Fellowship, is offered via Graduate Women Inlemational IGWI) on a triennial basi& The criteria for awarding grants are the proven needs of the applicants and their a¢ademic ¢8libre. The amunl of mongy available for granis Is limited so not all qualifying applicanEs can receive a grant. Trustees, Report To tha mombars of th• BFWG Charitable Foundation For tho yaar •ndad 31 D0￿mber 2022 Achlevement6 and performance The charity has conkn'nued to sup1￿)rt women graduates who seek lo advance their educatson and to promote higher educatlon and WKler teaming. Applications for financial assistan￿ come from women from all over the world and from different backgrounds. Their need for financial support ranges from serious famity medical problems. abuse. Pa￿ftts not able to continue wilh sUpp￿t and pd111￿4 pressures - the list is varied and long. The determination of these women to coMp￿te Iheir Phos is exemplary and inspiring. The charity is proud to have been able to support the women by awarding 9fdnts lo help with Iheir Mainten￿Ce costs. Govemors have been extremely concemed ol Ihe effect of Ihe Covid pandemic on the economic rcumstances of many women postgfaduates and their ability to complete their studies on a timely basis. In response, the Board approved a one-off increase to the emergency grants budgel to provide add￿Onal support to women whose income and sludies had been affected by the Covid pandemic. The totsl value of the main grants awarded in the year was £184.250 (2021: £185.1901 and the total value of the emergency grants was £68.750 {2021.. £94.2001. Cumulative gran15 awarded duriftg the charity's existence now exceed £4.800.000. During the year, the charity rer*ived 250 applications for main grants and made 38 awards. It recewed 263 apF4icatsons for emergency grants and awarded ants to 31 women. Each year two Theodora Bosanquet Bursaries are awarded to women whose research in history or English lilerature requires a short residence in London in the summer. In 2022 there were no applications to the bur5arie5. $0 the budget was reauocaled to the iwo main grant programmes. In addtthon to th• grants described atrf)ve the FIWG Fellowship (previously knovm as the BFWG Cr05by Hall Fdlowship) is managed by Grathale Women Inlernatwal arKI sponsored by the charrfy. The Fdlowship was awarded to Samantha Newby in 2022. Each year Board the Trustees detemiine the level of grants awarded based on the Grant Policy. In a rmal yeargrant levels inC￿8$e in line wilh CPI. The quantum ol funds availaue to distribute as grants in any year is d&temined by a coM￿natiOn of incorne generated by the portfolio as well as the cushic of capilal gains made on inveslments. As well as the usual grant gNlng in 2022 Ff*VG recruited a new Grants Administration Officer foHowing the ieliremenl of Jean Collgtt Flatt who had worked for the Charity for 32 years. Noelle Darwent took up her post on 1 August 2022. In line with FtWG's investment pcdicy which require5 that every five years a full review of the management of the investment funds. the 802rd conducted a detailed re4ender in 2022. As a result of this the management ofthe InveS￿nI Fund is being Iransferred from Rathbones to CCLA. The transfer process will be completed in January 2023. As part of the re-tender the Board com￿eted a Teview of and updated the charity's Inveslmant Policy. Trustees, Report To the members of the BFWG Charltabge Foundatlon For the year ended 31 Decembor 2022 Flnanclal revlew The charity's expenditure exceeded income by £144,842 (2021.. £181,058) bgfore a loss of £1.432,309 on investment 12021 a gain of £1,079,144). The charity's main source of income Is income from inveslmenls; this inevitably flucluates as the market fluctuates. The Irusl8es monllor portfollo performance closely and ensure that the organlsallon has adequale ¢ash reseNes lo cover any short- term deficit wilhoul jeopardising the capital base. As a result, Ihe excess ol expenoliture over incom8 for the year was predi¢led and managed efleclively. R•$orve$ pollcy The charity la51 reviewed ils res8rvas policy in 2019. As a Tesull, it is the poli¢y of the charity to hold funds, all of which are unreslricled. al a level that is adequale lo, 81188s1 maintain Ihe level of Ils awards in real terms and lo cover management. adminislrative and support costs fof a On￿10-tW￿yaar period. Inasmuch as the allocallon of fvnds depends on the flnancial poliey of the charlly it 1$ Important that sufficient flexibility b8 incorporalad into any grants allocallon policy so that the board of trustees can react appropriately accordlng lo the financi81 circumstances. This enables current activities lo conUnu8 in the short term should investment income drop significantly. The trustees were able lo mainlaln tha desired level ol reserves during Ihe year under revlew. Prlnclpal rt6k• and uncèrtalnll8• Th8 Iruslees have assessed the major slraleglc, buslness and oporalional risks lo which the charity is exposed and are satisfied Ihal systems are in place lo minimise the effects of such risks. Plan8 for th• futur• The charity alms to grow its capital base so that more womon graduates re¢elve flnanclal help ni)w and in the fvlure. Structure, governance and management BFWG Charitable Foundation is a company limrted by shares and 8 registered charty. 11 is govemed by memorandum and arlicles of association last updated in 2018. The board ol Iruslees makes the final decision on all matters concernlng the acllvilles of the charlty. The grants committee assSsls the board of tIU81ees in making recommendatlon8 for awardlng grants. The Iruslees usually meet four times a year to consider recommendations for the awarding of grants. to review the performance of the inveslrnenl managers and financial activities. and other matters that arise. The d8y-10418y adminislralion of grants is deleg81ed to the grants adminislfation officer. Trustees. Report To the members of the BFWG Charitable Foundation For tho year ended 31 Docembor 2022 Appolnlfflent of trustees A govemor is elected for a tefm of three year5 from the frsl day of Augusl followng hi51her election. A govemor may subsequenlly, vthelher before or after the expiration of Ihal term. be fe*lected for a further tem of three year5 after which helshe shall be indigibie for r￿eleCtIon unll Iwo years have elapsed from the expiration of the latter lemi. AddItiOn￿lY. at the speLufic request of the British Federation of Women Graduales IBFWGI Ihe chair can remain a govemor for up to an additsonal three years. No person 1$ eligible lo be a govemor who has nol been p￿ViOUSlY aroroved in this behalf by the chafity's paranl company. BFWG. by writing under the hand of the Chair of its Executive. The board of trustees includes Ihe Presidenl of the BFWG and the BFWG representative during their respeclive periods of office as such. Trustee Inductlon and tralnlng On election. each trustee has an induction pack that gives details of the CharitalAe Foundation suth as its background, organisational structure, financial resources, objectives and activitie& Relat￿ partles and relatlonshlps vAth other oryanlsallo The Charitsble Foundation is a whdly owned subsidiary of the BFWG. Several of the women trustees are m8mb8rs of tho tharity's parent company. thg BFWG. The BFWG has the power to appoint or remove any trustee. At Ihe dale of the Balance Sheet. no trusiee had a disclosable interest in the £1 Ordlnary Sha￿$ of the company. Statomonl of rospon8lbllllle8 of the In￿lee$ The trustees {who are also directors of the charitable company for the purposes of company lawl are responsible for preparing the Iru$tees' annual re[￿rt aThY the fina￿1* statements in accordance wth applicable law and Unrted Kingdom Accounting Standards (Uniled Kmgdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial slalements for each financhql year that oive a twe and fair view of the Stale of affairs of the charitable company and of the Incoming resources and appllcalion of resources. ind￿ling the income and expendilure. of the charitable company lor that period. In preparing these financial statemertts. the trustees are required to.. Select suitsble accounting twjicies and then ap￿ them consistently Observe the methsxls and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent State whether applicable UK Aeeounting Standards and statemenls of r8commended praclice have been followed. subj'ect to any material departures disdose(l and exF4ained in the financial slatew*nts Prepare the financial ststements on tho going cOr￿ern basis unless it is inappwiate lo presume thal the charity will continue in operation Trustees, Report To the members of the BFWG Charitable Foundation For the year ended 31 December 2022 The Iruslees are responsible for keeping proper accounting records that disclose with reasonab accuracy al 21iy liiiie the financial position ol the cliarilaule compaiiy and enable Iliem lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible lor safeguarding 11)e assets of the charitable comp 11A77.1511 898,086 Transfers belween funds Ngt incomg11gxpendlturo1 bofore Othor recognlsed galns and losses (1.577.151} (1m.151) 898.086 Reconclllatlon of funds: Total funds brought forward 9.291.866 9291.8 8.393.780 Total funds carrled forward 7.714.715 7.714.715 9,291.866 l of the above resulls are derived from continuing actmi There were no Olher recLX)ni8*d gains or losses other than Ihose sraled al)ovè. The allached notes forni part of Ihese financ*31 stalements. BFWG Charitsble Foundation Balance sheet As at 31 December 2022 2022 2022 2021 2021 Note Fixed assets: Investments 10 7,364,979 7,364,979 8,967,564 8,967,564 Currgnt as$ots: Debtors Cash al bank and in hand 11 7S2 486.046 486,798 768 459.384 460.152 LSabilltSes: Credilois. amounts f211ing due within one year 12 137,062 135,850 Net current a$5ets 349,736 324,302 Total not a$sots1 {liabllitiesl 7,714.715 9,291,866 Funds Share capital General funds TOL91 unrestricted funds 14 100 7,714,615 100 9,291,766 7,714,715 9,291,866 Total funds 7,714,715 9.291,866 The financial slalenients have been prepared In accordance with the special provisioiis for small companies under Part15 of Ihe Companie5 Act 2006. Approved by the Iruslees on 23 May 2023 and signed on their behalf by. ane Sam Tully Trustee ee Company registratlon no. 206171 The attached notes form part of the financial slalemenls. BFWG Charftable Foundatlon Statement of cash flows For the year ended 31 December 2022 2022 2022 2021 2021 N•t cash pr¢y4ided by l (used In) 01)oiating actlvltles 15 134L141) (369.093) Cash flows from Investlng actlvltles: Inloresu renu dividends from investments Salel Ipurchasel of investments 198.713 484.010 170276 Cash provlded by I lused In) Investlng aclivlt 370.803 682.723 - Change in cash and cash •qulvalonts In the year 2Q662 313.630 Cash and cash equivalents at Ihe beginning of the year Change in cash and cash equivalents due to exchange rate movements 459.384 145.754 Cash and cash equlval¢nts at the end of the year 16 48￿046 459.384 BFWG Charltable Foundatlon Notes to the financlal statements For the year ended 31 December 2022 1 kcountlng pollcl *) Ba818 of pr•pArAtlon The financial slalements have been Pfgpared in accordanG9 Wlth fiLUJUlltirig dnd REpurling by Charilies.. Sidlemeiit ol Recommended Practsc8 applicable lo charities preparing their accounts in accordance wrth the Financial R8POrting Standard appll¢abl¥ In tha UK and RepU￿1C of Ireland IFRS 102 effectiv8 1 January 20151- (Charrties SORP FRS 1021 and the Companies Act 2006. Th& charltable company meets the definlllon ol a wbllc bènefit èrntty undéf FRS 102. Assèts and 15abll1￿es are Inillally reo)gnlsed at hlslorical cost or transaction value unless otherwis8 slated in the rel8vant accountlng pdlcy or nole. b) Golng Concern The trustees ¢on8ldèr ihat ihere are no materlal Uneertabnt￿S about the charflabl& Company s abttlty to contlnue as a goin9 concem. The Iru3tees do not conslder that thèr8 are any Sources ol estlmallon l)n￿rtaInty at the reportlng date ihal have $ignrficanl risk of causing a malarial adlu5trnent lo the carrying amounts of as5els and liabilities within the next roporting period, 6) InGQm• Incom Is recognlsed when the charlty has •niiilomtnl to the funds, any performance condltions attached to the Income have bean mo1.11 Is probabl8 that tha Incomo wlll b8 received and that the amounl can be measured rellably. Incom8 from 9ovemm8nl and other grants. whethor 'c8pftal' grants or 'revenue' grants, Is recogni8ed when the charfty has •nllVemènl lo the funds. any p&rtorman¢o condillon8 attach8d to the grants hava been met. It Is probable that th8 Incom8 will be ¢lved and the amount can bè mtÈsur&d rellably and 58 not deferred. Income recelvad In advanc8 for the provislon ol S￿CIfi*d 88rvlc8 Is deferred unl51 Ihtr crlterla lor Income recognltion are m6t. For ltsgacles, enUilem8nl Is taken as tho gartler of th? dat¢ on whlch tsllher.. the ¢har)ly18 aware Ihal prubale has been granted, the estate has b•8n flnalls•d and nots'fl¢alSon ha5 been made by the execulorlsl to the charfly Ihat a dlslrlbullon wlll be mad•, or when a dISt￿b(rtlon 5$ rec8lved Irom the 8stst8. Rec8lpl ol a legacy. in whol& or In port. is only conslderèd probabl• whèn th• om¢wnt Can b¢ m•asured rollably and th& chailty has b•en nollfl•d of Ihtr èxaculor's l#t8nlSon lo make a dislrlbullon. Whore legacles hBve been nolSfi&d to Iho ¢hgrity, or the Ghartty is aware ol the granting ol prob8te. and Ihe criteria lor Income recognits'on havè nol been mat. Ihgn Ihe legacy 16 a treated 88 a conlingenl asset and disclosed il Maler￿1. d) Donthlon• of glft•. *•Thlo•• and lacllltl•• Don8led profesBlonal Borvicgs and donat&d lacllltl•$ 8r¥ r•cognl8•d 0$ incom• when lh• tharity h89 control ¢)var thè Itèm or TOC8iVOd the servic8. any ¢ondillons ¥$$ocialgd with the don8lion have been met, Ihe reLeipl of economic benefil from the use by th9 ¢horlty of th& Ilemlg probable and that •conomic benefit can b8 moasur8d reliably. In accordance with tho Ch8ri*'es SORP {FRS 1021. volunteor bm8 Is not T8cogni58d so ial8r lo thg trustags, 8nnual report lor mor¥ inlornièlion about theiT ¢ontributlon. On re￿Ipl. donated gifts, profo$9ional seNice$ 8nd don81ed fatylilies are recegnised on the basis ol ihe value ol the gift to the charity whlch is the 8mounl the charity would have been willing lo pay lo obtain s¢rvices or lacililies ol equivalent economic benèfit On th8 open m8rkg1.' a ¢orresponding amo(tnt is then rgcognised in oxpgndilure In the period ol receipt. •) Int•r••t rno•lvAbl• Interest on funds h¢l¢J on deposil is indu¢Jed when receivable and Iho 8mounl c8n be measured reliably by the ch8rily,' Ihls is nomially upon notification of Ihè interest paid or payable by thg bank. Fund accounllnB Unre$trid¢d funds are avail8￿8 to $p8nd on activilies ihai further any ol the purposes ol charity. De$i9ftaled funds are unre51ricted funds ol the charity which the tnjslees have decided al their discretion to sel aside lo use lor a Specific purpose. Restricted funds are donations whi¢h the donor has 8pecified a￿ lo be sdely used lor par1icular a￿8$ ol the charily's work or lor specific proiect8 being undertaken by the charity. O) Expondltur• and Irr•¢ov•rnbl• VAT Expenditure bs recognised once there is a legal or construcllve obligallon lo make a payment lo a third party, it is probable that $ethgmont will bo requirod and the amount ol the obligation can be measured reliably. EXpendilU￿ is dassified under the fdlowlng aCtlvSty he8ding8'. Co818 of rai8ing lund$ comprisè of trading ¢o$ts and the costs incurred by tho charit8bl8 company in Inducing thlrd p8rt198 to make voluntary contributions lo it. as well as the Cost of any aclivilies with a fundra15ing purpose. ExpendSlure on charStable activities indudes lh8 costs of making charitable donations. Other expendlture represents Ihose items not falling into any other heading. Irr8coverabl8 VAT is charged as a ￿st against the aciivily lor which the expenditure was incvrred. -13- BFWG Charltable Foundallon Notes to the Ilnanclal staternents For the year ended 31 December 2022 1 Accounllng pollcl•s l¢onth)u•d) h) Allo¢•tion of support costs Support costs arè those funclions Ihat ￿s1 the work ol Ihe chafity but do r￿¢ dir•dty und8rlake c*arilatrAe acti￿tieS. Support cosls inrjuijè b8d( orrice costs. finance. personnèl, payrdl and govèmance ¢osts whth support the charity's activilies. These costs have been allocaied betsfeen cost ol ralsing lunds and expendilure on c*arilable acli¥ilies. l) Oporatlng h•9•8 Rent¥ charges are charged on a straight line basis ovar thè lami of thè1•8s•. l) T￿gIbl0 flx•d ￿3+￿ Items of equipment are r￿pit￿l$ed where the purchase wce excéeds £1,000. Depreaalion is provhled at rates cabJlated to write down Ihe cost ol each asset to its eslimatad residual Val￿ over Ils expethj l￿ful Fif•. Th8 d6Ptedadon rates in use are as Idlows.. Fixtu￿S and fittin9S Computer equipment 15% 33% Ll•t•d Inv•8tm•nts Investrnenls ar8 a lorm cl ba8K financial insiNrrMI and aro InNlaMy racts3n6g•d al thar trans￿l0n value and $ub8equ&nlly measured al their fair value as al the balance sheot date u¥lng the dc*kng quoted martet wlc•. Any thange In fatr valu? wlil be recognisad In the stat8m•nt ol finand* aCUvth￿$. l) D•btors Trade and ot￿1 dabtors ar& r8cognls8d al th8 setU8Thnt a￿￿)Unt i*J8 after any lrnde {*sc￿nI offerod. Pr8payments ar8 valued al the aff￿Unt prepaid ntrt ol any trad• dlswjnts thje. m) Cash at bonk Ind In ￿nd Cash al bank and cash In hand brKILtd￿ ca9h and tarni hhjdy Ilwkl knw8gt￿ a short mtuty d Ihre• monihg or less from the dale ol acqulsilion w openlrwJ of Ihe dppo$6t LY simlar x¢ounL n) Cr•dltorn and prov1￿on* Creditors and provislons are recognised wherg the thgrity has • prwnl rgjults'ng from 4 pa$1 •vonl that wdll probgbly r8sult In the Iransl8r of lunds to a thtr(I party 8nd the amount to s•W• thg oblvjthn can b• m•aBurpd ry gsllm¥t•d Fgligbly. rèdilors and provisions arg nomHlly recognis8d al th8v settle[￿11 aff￿Vnt oftfjr 8lo*ing fry any tr8d& diycounlB dve. 0> Fln•n¢l•l In•trurn•nts Tfia chorlty only has financial a56ets and financ4al ￿ebditi8$ 018 klrnl th81 quallfy 8$ b881¢ financld *ns¢wmonts. 8081¢ fln4ndal instruments ao inillaNy recLwJnised al transaction value and suliseqLJonty measured al thoir sett18m8nl vdue with Iho exception of bank loan$ whM* are 8ubsequendy measured al amfy11sed usiNJ thè effèclbve intèrtst Ththod. pl P•nslons The Ch8ri1y currenlly has no pensk)n lioLxlliles. It conf¥ms Ihal li is with auio enTthlment ￿n6km rtgul8tlon. -14- BFWG Charltable Foundatlon Notes to tho financial statements For the year ended 31 December 2022 2 Incomé from dOn￿on0 and l•ga¢l•s 2022 Unreslricled 2022 Total 2021 Total Gifts and donations 19 19 19 19 3 Income from charli•ble actlvhle• 2022 Unrestricted 2022 Total 2021 Total Grant 8dmlnlslration fees Total Incoma from charltablo actlvltl•• 4.710 4.710 4,710 4,710 2.535 2,535 4 In¢om• from Inv••tm•nl• 2022 Unreslricled 2022 Totsl 2021 Total Investrnenl Incomé 200,527 200,527 200,527 200,527 198.713 198,713 S ' Analy81• of w•ndliuv• Charitable Basis of allo￿tIon Cosl of raising lunds Grant awards 2021 Total slaff costs Dlrect costs Support costs FX revaluation Investment management costs Govemancè eosts Direcl Direct Direct Direct Direct Direct 21,991 259.000 2.831 114,4181 21.991 259,000 2￿31 (14,418) 52,478 28,216 20.676 283,590 1,558 52.478 54,332 22,150 28.216 Tolal •xpondlturn 51478 297,620 350,098 382,306 8FWG Charitable Foundal¥)n had no restricted expenditure in 2022 {2021: nAI. Grants awarded are only for indivsduals for the purpose of the eharity's oty'ects. Investment management costs comprise of tund managemeol fees of £52,478. aFWG Charltabla Foundatlon Not•s to thg finanelal $tatemonts For th• yoar ended 31 Dèe4mbor 2022 14•t bncorn•l l•xpfrmdlttsr•lforthg yw This 15 5tatad after chwgin9 1 Icrodiliwl.. 2Q22 2021 Audilor's remuneratioD'. 2.91T 2.917 Analy8w ofltaff ¢Mt& thJ$t•• rnmun•r41kn qnd •xpon8e4 *dth• colltofk¢y man00￿￿ P•rnohFwI siaff costs were a5 Idl(w. Sa3fièS and wè0é8 En1￿0YE1.s pe{￿￿> 21W 20,676 Nts ern￿oYee iec4ved eTrWoyee bonoliis Ipxdudn9 wmployei P￿SN)n1 dwtng Ihoyeaf ov8r £80.000. The chhrily Wu81e68wore nol paid Dr iecowod wiyolher bor*fils em4oym8nlwSlh iho chgitty In th• ynrl2021.. t￿.1T￿ wern r*mburA•d •xp•rt6•801 £765 dufyng me ￿#r {2021.. £TI1. No ch•rfty Imsiee rttoived pawn￿(10rP￿fo89loTr￿ OrotherM￿ces $U￿￿ed 10 Ihech•rfty (2021.. £￿11. Staff n￿Mbl The averÈg8 numbèrol ¢mpltye&ts