BOSTON WOMEN'S AID
REPORT OF THE TRUSTEES TO BE UPDATED FOR 2021 FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and activities
The overall objective of Boston Women's Aid is to provide advice, support and temporary accommodation for victims of abuse and their children. The term domestic abuse embraces the physical, mental, emotional, financial or sexual abuse of one person by another with whom they have or have had a close or intimate relationship.
The objective is achieved through the following:
The provision of temporary refuge on request for victims and their children who have suffered domestic abuse.
Encouraging the development of facilities that offer advice, support and practical help to any victim that seeks it, whether or not they are resident of the refuge, and which gives continuing support and aftercare to victims and children after they have left the Boston Women's Aid accommodation.
Research into and promotion of the provision of facilities which meet the emotional and educational needs of children of victims who seek refuge.
Providing information to and working with other organisations for the exchange of information and ideas on all aspects of Women's aid and domestic abuse issues.
Educating and informing the public, the media, the police, the courts, Social Services and other statutory and non-statutory organisations, with respect to the abuse victims suffer.
Reporting for the public benefit
In compliance with Section 17 of the Charities Act 2011, Boston Women's Aid trustees have consulted the guidance issued by the Charity Commission on operating the Charity for the public benefit and are satisfied that the Charity meets the requirements on public benefit as follows.
Boston Women's Aid has continued to operate two houses to provide temporary refuge on request for female victims and their children within the general public, who have suffered domestic abuse. Suitable accommodation has not been available this year for male victims.
Provision of continuing support to victims and children after they have left the accommodation has been available, as has advice and support to members of the public, male and female, who make contact through the helpline,with support at our Rural Community Hub in Holbeach.
Talks given to organisations and groups of the public, who request them, together with statements to the media, have educated and informed the public with respect to the abuse victims suffer.
Trustees acknowledge the risks associated with COVID-19 since the lockdown on the 21st March 2020. The trustees will meet and discuss plans, responsibilities, and actions during the next financial year. Immediate action was taken with regards to staff working from home where possible and adapting COVID-19 safety measures within the refuges.
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BOSTON WOMEN'S AID
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE
BWA have continued to provide refuge and other support services in Boston and South Holland. The service in Holbeach named the Rural Community Hub service has continued with the financial support of The Holbeach United Charity. The Make A Change pilot commenced in March 2019 with BWA supporting survivors of perpetrators that are accessing group support work. BWA have supported over 45 women through the Make A Change service.
In 2019/20, BWA have continued to operate as a viable provider of refuge accommodation and services, in the face of a challenging financial environment. The two safe houses are in Boston and accept women and children from all areas of the UK.
In the two refuges 46 women and 73 children were accommodated by BWA during 2019/20. There were 2 Freedom Programmes were completed over the year, with 39 attendees to the programme.
Over the year the team have given numerous talks to statutory and voluntary organisations and attended events, raising awareness of domestic abuse and the services provided by BWA. Training was also given to outside agencies for example the Police and Health Visitors. It is the view of the Management Committee that all services provided by BWA were effective in terms of both input and output and adhered to the Trustees' aims to increase the effectiveness and efficiency of the charity.
FINANCIAL REVIEW
Reserves policy
A reserves policy is recommended by the Charities Commission as part of financial management and strategic planning to explain to interested parties (both donors and beneficiaries) why money is withheld from beneficiaries. It is part of being transparent and accountable to funders and lessens the risk of the accusation of hoarding. It is also necessary so that the charity can meet its obligations even if intended funding sources fail to meet targets. Ongoing risk assessment has identified an increased risk of reduction in available funds for Boston Women's Aid from statutory bodies. National and local financial constraints have made it increasingly hard to obtain new sources of funding, and other income sources may be less reliable and less able to predict. There is increased risk of existing contracts not being renewed even if they have been performed satisfactorily, they may go out to tender and may be awarded to other providers.
The reserves must be able to cover any challenges and opportunities in the medium to long term which includes the costs to safeguard current services and the costs of closure. Such costs include: -
-
Likely staff costs in the event of redundancy
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Fees for legal and financial advice in the event of possible insolvency
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Rents on the refuge properties and other property costs
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Any income restricted to specific projects which may need to be repaid.
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Funds for emergencies or to keep the charity's work going if difficulties arise. This may include time to resettle service users in properties or on outreach or counselling programmes. Consideration of the emotional and mental health needs of service users is important as well as their physical needs including attention to child protection and safeguarding needs. These costs are likely to be higher than for a charity that purely makes one off grants
Funds need to be easily accessible for day to day spending but will be invested in interest bearing accounts where possible, they are currently held with Lloyds Bank in high interest deposit bonds and a no notice savings account.
There is a regular review of cash flow projections for income and expenditure to ensure that the level of available reserves remains adequate and that the charity is able to meet all its commitments. There is ongoing risk assessment to ensure policies and systems are in place to meet any potential risks identified and consider any significant change in the charity's financial circumstances.
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Our current unrestricted reserve level is £156,304 (as at 31 March 2020). Our minimum target for the level of unrestricted funds as at 31 March 20 is £100,000 and therefore we are meeting this requirement at this present time.
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BOSTON WOMEN'S AID
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW
The charity has again had a very pro-active year trying to secure future funding for the medium to long term. The continued role of our Business Development Manager has been instrumental in seeking new lines of funding from varied funders.
The net surplus for the year ended 31st March 2020 was £58,534 (2019 was £90,960), this on face value is a
satisfactory set of results, the Charity has worked hard to control expenditure during the year and because of the surplus the cumulative restricted and unrestricted reserves have grown to £379,843 for 2020.
FUTURE PLANS
BWA are in continued discussions with Waterloo Housing to look at the building of new refuge accommodation. At present plans are being drawn up by a local architect. The new refuge would provide safe accommodation for women, children and a dispersed unit for male victims with or without children. It would also have disabled facilities.
The trustees had been considering securing some accommodation for dispersed units to be opened in the Boston & South Holland area, discussions were started with Longhurst Housing and Platform Housing, this would mean BWA could offer safe accommodation to male and female victims.
Our Business Development Manager continues to research and submit bids for project funding.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
Boston Women's Aid was established as a Registered Charity in 1987 and its current Constitution was approved in 2003 and amended in July 2009, with a further amendment agreed in October 2010 to allow for support to male victims of abuse and male membership of the Management Committee. Two further amendments were made in June 2012 to alter the numbers required for meetings to be quorate and for numbers allowed to sign grants and contracts.
The core activity of Boston Women's Aid is to provide safe, temporary accommodation for women (and their children) who have suffered from domestic abuse. This core business is achieved by the provision of four refuge spaces and four 'move on' accommodation spaces. These core activities are funded through rental income, housing benefit payments, donations and funding from statutory agencies and grant making bodies.
Due to the increase in projects over the last twelve months, staff are now working on a variety of different services including the Make A Change perpetrator programme, which is funded through the Home Office.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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BOSTON WOMEN'S AID
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Membership
Membership of Boston Women's Aid is open to all people who subscribe to the aims as set out in the Constitution, subject in each case to approval by the Management Committee.
Management
The policy and management of the organisation is vested in a Management Committee of Trustees. The recruitment and election of Trustees and the Management Committee is carried out at Boston Women's Aid AGM each year. Trustees can also be nominated and co-opted during the year by The Management Committee, subject to the restrictions on numbers within the Constitution.
The training of new trustees is determined based on individual needs.
The Management Committee
Mr W Herbert - Chair Mrs V R Robinson Ms L Tasker Mrs S Coates Mrs E Marshall Ms J Warnes Mr P Marshall Mrs N Standbrook - Co-opted October 2019
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
519445
Principal address
P O Box 5 Boston Lincolnshire PE21 8JP
Trustees
Mrs V R Robinson Mr W Herbert Ms L Tasker (resigned 22.7.20) Mrs S Coates Mrs E Marshall (resigned 9.9.20) Ms J Warnes Mr P Marshall (resigned 2.9.20) Ms B Owen (appointed 1.6.21) Ms L McKinnell (appointed 1.9.20) Ms M Chapman (appointed 1.6.21)
Independent Examiner
Mr T G Godson FCA Duncan & Toplis Limited 5 Resolution Close Endeavour Park Boston Lincolnshire PE21 7TT
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BOSTON WOMEN'S AID
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr W Herbert - Trustee
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REGISTERED CHARITY NUMBER: 519445 DUNCAN &TOPLIS BOSTON WOMENS AID REK+RTOFTHE TRUSTEES AND UNAUDITED FIMANaAL STATEMEP115 FOR THE YEAR ENDED 31 MARCH 2021 Fk>J¥fiEBd KRESTON duntop.co.uk fl
IOSTON WOMEN'S AIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Page Report olthe Tru5tee5 Independent ExamSnèrfs Report Statement of Flnandal ArtJvltle5 ststement of Flnanclal Posltlon 8 to 9 Statement of Cash Flows io Notes to the Statement of Cash Flows li Note5 to the Flnanclal Statem•nt5 12 to 23 Detalled Statement of Hnanclal Actlvltle5 24 to 25
3osTON WOMEN'5 AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 20ZI The trustees present their report wlth the flnanclal 5tatÈments of the charlty for the year ended 31 March 2021. The trustee5 have adopted the provisions of Accounting and Reportlng by Charities: Statement of Recommended Piactice appllcable to ¢harltles preparlng their accounts In accoTdance with the Flnanclal Reporting Standard appllcable In thè UK and Republic of Ireland IFRS 1021 leffectlve l January 20191. OBJECTIVES AND ACTIVITIES Objertfves and artivitles The overall oblective of 8oston Wofnen's Ald Is to provlde advlce, 5UPPOrt and temporary accommodation for victims of abuse and their chbldrert, The term dome5tir abuse embraces the physi1, mental, emotional, financial or sexual abuse of one person by another wlth whom they have or have had a close or Intlmate relatlonship. The oblettlve Is achleved through the following-. The provlsion of temporary refvge on request for vletlms and thelr chlldren who have Suffered domestlc abuse. Encoura8lng ihe development of facilities that offer advice, support and practical help to any victim that seeks IL whether or not they are resldent of the refuge, and whlch gives continulng support and aftercare to vlctlms and children aftér they have left the Boston Women's Ald accommodation. Research Into and promotlon of the provlsion of facilitiès whlch meet the emotlonal and educational neèds of children of vScilms who seek refuge. Providing Information to and worklng wlth other organisations for the exchange of Informatlon and Ideas on all aspects of Women's ald and domestic abuse Issues. Educating and Infomilng the publlc, the medla, the poll, the courts, Sodal Services and other StatOry and non-statutory organisations, with respèct to the abuse victims suffer. R•portlngforthe publlc benefit IA ¢omplSance with Sectlon 17 of the Charttles Att 2011, Boston Women's Ald trustees have consulted the guidance issued by the Charlty Commission on operatlng the Chartty for the public benefit and are satisfied that the Charity meets the requlrements on publit beneflt as follows. Boston Women's Ald has continued to operate two houses to provide temporary refuge on request for female virtim5 and their children withln the general public. who have suffered domesuc abuse. Suitable accommodation has not been avallable thls year for male vietims. Provision of continulng support to vtct5ms and chlldren after they have left the a¢¢ommodatlon has been available, as has advice and support to member5 of the pub15¢ male and female, who make contart through the helpllne.with support at our Rural Communlty Hub in Holbeath. Talks given to organisatlons and groups of the public, who request them, together with statements to the media, have educated and Infomied the publlc wlth respect to the abuse virtlms suffer. Tru5tee5 atknowledge the risks assoclated with COVID-19 since the lockdown on the 21st March 2020. The trustees will meet and dlscuss plans, Tesponsibiltties, and actions during the nèxt flnancial year. Immedlate action was taken with regards to Staff working from home where p05slble and adapting COVID.19 safety measures within the refuges. Page I
BOSTON WOMEN'S AID REPQRT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 ACHIEVEMENT AND PERFORMANCE BWA have continued to provlde refuge and other support seNlces in Boston and south Holland. Thè service in Holbèach named the Rural Communlty Hub seTvlce has contlnued wlth the finandal 5UPPOrt of The Holbeach Unlted Charity. The Make A Chan8e pilot commenced in March 2019 with BWA supportlng survlvor5 of perpetrators that are accessing group support work. BWA have supported over 25 women and 8 chlldren through the Make A Change servlce. In 2020121, BWA have continued to operatè as a vlable provider of refijge accommodatlon and SeiCe5, In the face of challenglng financial environment. The safe hou5e5 are In Boston and South Holland where we accept women, men and chlldren from all areas of the VK. In the rèfuges 42 wornen and 37 Chlldren were accommodated by BWA during 2020121. There wpre 2 Freedom Programmes were completed over the year, due to COVID they were delivered on-llne with 10 attendees to the programme. Ottupancy rales and attendees to group progrdmmes have been affected by COVID and the complex issues and needs of some famllle5, Over the year the team have glven numerous talks tts statutory and voluntary OTgani5ations and attended events. ra151ng awareness of domestlc abuse and the servlces provided by BWA. Training was a150 8lven to outside agenties for example the Poll¢e and Health Vlsitors. It Is the vlew of the Management Committee that all servl¢es provlded by BWA were effective in terms of both input and output and adheTed to the Trustees, alms to increase the èffèctlveness and efficlency of the charity. However, over the year duÈ to COVID and related restrlctlons we became dependant on zoom meetlngs and soclal media rather than face to face. Page 2
BOSTON WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 FINANCIAL REVIEW Resèrves pollcv A reserves pollcy Is recommended by the Charities Commission as part of flnanclal management and strate8lC planning to explaln to interested partle5 Iboth donor5 and benèlicrarlesl why money is withhéld from beneficiaries. It Is part of being transparent and accountable to funders and lessens the rlsk of the accusation of hoardlng. It is a150 necÈssary so that the charity can meet its obllgatlon5 even If Intended fundlng sour5 lail to meet targets. Ongolng risk assessment has Identified an intreasèd rlsk of reduction in available funds lor Boston Women's Ald from statutory bodie5. National and local financial constraints have made it increasingly hard to obtsln new sources of fundln& and other Income sources may be le55 reliable and less able to predirt. There is increased risk of existing contracts not being renewed even If they have been performed satisfactorlly, they may BO Out to tender ond may be awarded to other providers. The reserves must be able to cover any challen8e5 and opportunities In the medium to long term which Includes the costs to safeguard current sèrvicès and the costs of closure, Such costs In¢lude:_ kely stsff costs in the event of redundancy Fee5 for legal and flnanclal advi in the event of posslble insolvency - Rents on the refvge propertles and other property costs - Any Income restricted to speclfic prolerts whlch may need to be repald. Funds for emergencies or to keep the charlty's work going if difficulties arise. This may Include time to resettle SeiCe users in propertles or on outreach or coun5ellin8 pro8rammes. Consideratlon of the emotiona5 and mental health needs of servlce users is important as well as the5r physlcal needs Including attentlon to chlld protection and safe8uardlng needs. These costs are Ilkely to be hbgher than for a charity that purely Makes one off grants Funds need to be easlly accessible for day to day 5pendlng but wll bè Invested In Interest bearing accounts where posslble, they are currently held wlth Uoyds Bank Irb hlgh Interest deposit bonds and a no notice savlngs account. There Is a regular review of cash flow prolectlons for Income and expenditure to ensure that the level of avallable reserves remain5 adequate and that the charity Can meet all its commltments. There is ongoing risk assessment to ensure pollcies and sy5tern5 are in place to meet any potential rlsks identified and consider any slgnlficant change in the ¢harlty's financial circumstances. Our current unrestrlcted reserve level Is £308,292 las at 31 March 20211. Our minimum target for the level of unrèstrlcted funds as at 31 March 211$ £IOO,C(JO and therefore we are meetin8 this reguirement at this present time. The charity has again had a very pro-actwe year trylng to secure fvture fundlng for the medlum to long term. The ¢ontlnued role of our Busine55 Development Manager has been instrumental in seeking new lines of funding from varled funders. The net surplus for the year endÈd 31st March 2021 was £250.86912020 was £58,534), thL4 on face value Is 5atOsfactory set of results, the Charity ha5 worked hard to control expenditure during the yèar and because of the surplus the cumulative restrlcted and unrestricted reserves have grown to £630,712 for 2021. FUTURE PLANS Contracts were slgned 26th February 2021 with Platfomi Htsusin8 Iprevlousty Watedoo housing) for supported accommodation In a new purpose built refuge. This will provide 12 units of refuge as well as extensive staff office space and actlvhy room5 for the famllles. Handover Is tar8eted for 26th February 2022. Durin8 ottober 2020 BWA secUd three dlspersed propertle5 in the Boston & South Holland area through Longhurst Housin8 and PlatFonYb Houslng. Followlng the success of the Holbèach rural hub tNstees have agreed to extend this Service rf fundlng secured, to expartd the service across Spalding & Boston. Our Bu51ness Development Manager continues to research and submlt blds for project fundinbL Page 3
BOSTON WOMEN'S AID REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2021 STRucfuRE, GOVERNANCE ANO MANAGEMENT Governing document The tharlty Is controlled by its 8overnlng document, 8 deed of trust and constttutes an unlncorporated charlty. Organ5satlonal strurture Boston Women's Aid was establlshed as a Reglstered Charfty In 1987 and Its atrrent Constitutlon was approved in 2C413 and amended In July 2009. with a further amendment agreed In October 2010 to allow for support to male victlms of abuse and male membershlp of the Management Committee. Two further amendments were made In June 2012 to alter the numbers requlred for meetln85 to be quorate and for numbers allowed to slqn 8rants and contracts. The core actlvlty of Boston Women's Ald Is to provlde safe, temporary accommodation for women land their chlldrenl who have suffered from domestlc abuse. Thls core busSness Is achieved by the provlslon of four refuge space5 and four 'move on, accommodatlon spaces. These core actlvlties are funded through rental Income, hou$5n8 benefit payments, donatlons and fiJndln8 from statutory agencles and grant makln8 bodles. Oue to the Increase In prolect5 over the lart twelve months, staff are now working on a varlety of dllferent servlces Includlng the Make A Change perpetrator pro8ramme. whlch Is funded through the Home Office. Rlsk management The trustees have a duty to Identify and revlew the rlsks to whlch the charity Is exposed and to ensure approprlate contro15 are In place to provlde reasonable assurance a8ainst fraud and error, Memb•rshlp Membershlp of 8oston Women's Ald Is open to all people who subseribe to the alms as set out Sn the ConstltLrtlon, subject In each case to approval by the Management CommSttee, Man•8em•nt The pollcy and mana8ement of the organlsatlon Is vested In o Management Commlttee of Tru$tee$. The recrultment and electlon of Trustees and the Mana8ement Commlttee Is carrled out at Boston Women's Aid AGM each year. Trustees can also be nomlnated and co-opted durln8 the year by The Management Commlttee, subject to the restrlctlons on numbers within the ConstStutS0n. The tralnln8 of new trustees Is detemilned based on Indlvldual needs. Th• M•nagem•nt Commfft•• Mr W Herbert Mrs V R Aoblnson M5 L Tasker Mrs S Coates Mrs E Marshall M5 J Warnes Mr P Marshall Ms L M¢Kinnell Ms Marle Chapman Chalr - resl8ned 9 September 2020 re51gned 2 September 2020 - appolnted I September 2020 - appolnted I lune 2021 Mrs N Standbrook - Co-opted Ortober 2019 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charfty humber 519445 Page 4
BOSTON WOMEN'S AID REIYJRT OF THE TRuEEs FOR THE YEAR ENDED 31 MARCH 2021 Prfnclpal address POBox5 Bostorh Lincolnshlre PE218JP Trust••s Mrs V R Roblnson Mrw Herbert Ms L Tasker Ireslgned 22.7.201 Mrs S Coates Mrs E Marshall Iresl8ned 9,9.201 MsJWames Mr P Marshall Ireslgned 2.9.201 Ms B Owen lappolnted 1.6.211 M5 L McKlnnèll lappolnted 1.9.201 Ms M Chapman lappolnted 1.6.211 Independent Ex•mlnar MrT G God50n FCA ICAEW Duncan & ToplSs Llmlted 5 Resolutlon Close Endeavour Park Boston Llncolnshlre PE217 Approved by order of the board of trustees on 30 September 2021 and sS8ned on its behalf by: Mrs S Coate5- Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRU5TEE5 OF BOSTON WOMEN'S AID Independent examlner'5 report to the trustees of Boston Women'5 Ald I report to the ¢harfty trustees on my examination of the accounts of Boston Women'5 Aid (the Trust) for the year endèd 31 March 2021. Responslbllltles and basls of report As the char¢ty trustees ot the Trust you. are responslble for the preparatSon of the accounts In accordance wlth the requlrements of the Charttles Art 20111'the Act'l. I report In respect of my emamlnatlon of the Trust's accounts carried out under sectlon 145 of the Act and in urrying out my examlnatlon I have followed all appllcable Dlrertions given by the Chartty Commlsslon under sectlon 1451511bl of the Act. Independent examlner's ststement Slnce your charlty'5 gross Income exceeded £250,000 your examlner must be a member of a Ilsted body. I can conflrm that l am quallfled to undertake the examlnatlon because l am a re8lstered member cf ICAEW whlch is one of the Ilsted bodles. I have completed rny examlnatlon. I conflrm that no materlal matters have come to my attentlon In wnnectlon wlth the examination glvlng me cause to belleve that In any materlal respect.. accountlng records were not kept In respect of the Trust as reoulred by sectlon 130 of the Art,. or the accounts do not accord wlth those records,. or the accounts do not comply wlth the appllcable requlrements concernlnB the form and content tsf accounts set out In the Charlties (Accounts and Reports) ReBulatlon5 2008 other than any requlrement that the accounts elve a true and falr vlew whlch15 not a matter con51dered as part of an Independent examlnatlon. I have no Concern5 an(J have Come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandln8 of the accounts to be reached. i. G C-rdsJ Mr T G Godson FCA ICAEW Duncan & Top115 Llmlted 5 Resolutlon Close Endeavour Park Boston Lincolr*shlre PE217rr Date.. Page 6
BOSTON WOMEN'5 AID STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENOED 31 MARCH 2021 2021 Total funds 2020 Total funds Unrestrlcted funds Re5trirted nds Notes INCOMEAND ENDOWMENTS FROM Donation5 and legacies 174,338 310,094 484,432 273.387 Charltable actlvltles Rental Income Charltable actlvltles 102,149 97 102,149 157 76.542 430 Investment income 379 379 776 Total 276.963 310,154 587,117 351,135 EXPENDITURE ON Raislng funds 5,000 Charltable a£tSvltles Charltable actlvltles 124,972 206,276 331,248 292,601 Totsl 124,972 211,276 336,248 292,601 NET INCOME 151,991 98,878 250,869 58,534 RECONCILIATION OF FUNDS Tot•1 funds brou8ht forward 156,302 223,541 379,843 321,309 TOTAL FUNDS CARRIED FORWARD 308,293 322,419 630,712 379,843 The notes form part of these flThanclal statements Page 7
B05TON WOMEN'S AID STATEMENT OF FINANCIAL POSITION 31 MARCH 2021 2021 Total funds 2020 Total fund5 Unrestrlcted funds Restricted funds Note5 HXED ASSETS Tangible a55els 12 142 579 721 20 CURRENT ASSETS Debtors Cash at bank and In hand 13 10,389 308,122 45,513 276,931 55,902 585,053 18,545 371,752 318,511 322.444 640,955 390.297 CREDITORS Amounts falling due within one year 14 110.3611 16031 110,9641 110,4741 NET CURRENT ASSETS 308.150 321,841 629.991 379,823 TOTAL ASSETS LESS CURRENT UABILITIES 308,292 322,420 630,712 379,843 NET ASSETS 308,292 322,420 630,712 379,843 The notes form part of these financial statements Pa8e 8 contlnued...
BOSTON WOMEN'S AID STATEMENT OF FINANCIAL POSITION- contlnued 31 MARCH 2021 FUNDS Unrestricted funds: Genèral fund Restrlrted funds.. DCLGIMOT Great Days Out Medlock Charitsble Trust Reachln8 Communities DCLG Resettlement ECCFIMOT Every Childs Chances Holbeach Rural Cornmunlty Hub Lloyds Bank FoundatSon Make A Chan8e MHCLG Catalyst Di8ltal Prolect Hub. Spaldlng LonBhvrst MHCLG Complex Needs Screwfbx 16 308.292 156.302 35,148 6,626 53 131.494 402 15,178 5,547 15,927 16,822 53,268 39,498 8,36S 5,790 85,084 721 7,479 2,655 12,185 18,019 31,420 12,325 2,242 5,078 j i 31,030 3,600 322,420 223,541 TOTAL FUNDS 630,712 379,843 The flnanclal statements were approved by the Board of Trustees and authorlsed for Issue on 30 Septernber 2021 and were slgned on Sts behalf bv: Mrw Herbert. Mrs S Coates. Trustee The notes form part of these flnanclal statements Page 9
BosfoN WOMEN'S AIO STATEME14T OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notès CB5h flows from oper•tlng artlvltles Cash generated from operations 213,981 80,901 Net cash provlded by operatlng activltles 213,981 80,901 Cash flows from Inve5tln8 actmtles Purchase of tsngible fixed assets Interest recèived 11,OS91 379 776 Net cash (used Inllprovided by Investlng actlvltie5 16801 776 Change Sn cash and ush •qulvalent5 In the reporn8 per5od Cash and cash •quSvalen15 at the bennIn8 of the r•portlng p•rlod 213,301 81,677 371.752 290,075 Cash and cash •qulvalenls at th• •nd of th• reportln8 p•rlod S85,053 371,752 The notes form part of these flnanclal ststements Page 10
BOSTON WOMEN'S AID NOTES TO THE STATEMEpif OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 20ZI RECONCILIATION OF NET INCOME TO NET CASH FIOW FROM OPERATING A1VITIEs 2021 2020 Nèt Income forthe reportlng perlod {as perthe Ststement ot FlnAnclal Artivities) Adlustments for. Depreciation charges Interest received Ilncreaselldecrease in debtors Increase In credrtors 250.869 58,534 358 3791 137.3571 490 1,089 17761 17.638 4.416 Net cash provSded by operatltsns 213.981 80,901 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.20 Cash flow At 31.3.21 Net Cash Cash at bank and in hand 371,752 213.301 585,053 371,752 213,301 S85,053 Total 371,752 213,301 585,053 The notes form part of thèse finandal statements Pa8e 11
BOSTON WOMEN'S AID NOTESTO THE FINANaAisfATEMENTS FOR THE YEAR ENOED 31 MARCH 2021 STATUTORY INFORMATION Boston Women's Ald Is an unlncorporated charity, reglstered In England and Wales. The charlty's règlstered number and princlpal offlce address can be found on the Charlty Commisslon web51te. The 51Énlficant accountlnB pollcies applled Sn the preparatlon of these flnandal stat•ments are set out below. These pollcles have been consistently applled to all years presented unless Otherwlse statèd. The financial ststements are presanted In pound sterllng (£1 whlch Is the functlonal currency of the charlty. ACCOUNTING POLICIES Ba515 of preparlngthe Ilnanelal st4tem•nts The financial statements of the charlty. whlch Is a publSc benefit entlty under FAS 102, have been prepared In accordance wlth the Charltles 50ftP IFRS 1021 'Accountlnq and Reportlng by Charltle5.' Statement of Recommended Prnctlce applkable to charitles preparln8 thelr accounts In accordance wlth the FSnanclal Reportlng Standard appllcable in the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191,, Flnanclal Reportlns Standard 102 The Financlal Reportln8 Standard appllcable In the UK and Republlc of Ireland, and the Charltles Act 2011. The flnanclal statement5 have been prepared under the hlstorlcal cost conventlon. The flnanclal statements are prepared on a golng concern ba515. The flnanclal statements have been prepared to glve a 'true and falr, vlew and have departed from the Charitles (Accounts and Reports) Regulatlons 28 only to the extent requlred to provlde a 'true and falr vlew,, Thls departure has Involved lollowlnB the Accountlng and Reporting by Charltle5: Statement of Recommended Practlce applicable to charltles preparlng their accounts In accordance with the FlnancSal Reportln8 Standard appllcable In the UK and Republlc of Ireland IFRS 10211ssued on 16 July 2014 rather than the Accountln8 and Reportln8 by Charltles.. Statement of Recommended Practlce effectlve from l Aprll 25 whlch has slnce been wlthdrawn. Income All Income15 reco8nlsed In the Statement of Flnan¢lal Aetlvltles once the charlty has entttlement to the funds, It Is probable that the Income will be recelved and the amount can be measured rellably. Empendlture abillties are recognlsed as expendlture as soon as there Is a legal or eonstTUCtlve obligatlon commlttln8 the charlty to that expèndlture, It 55 probable that a transfer of econom1¢ benefits wlll be requlred In settlement and the amount of the obllgatlon can be measured rellably. Expendlture is accounted for on an ac¢ruals basis and has been classlfled under headlngs that aggregate all cost related to the cateqory. Where costs cannot be dlrettly attributed to partlcular headln85 they have been allocated to actlvltSes on a basls conslstent wlth the use of resources. Tan&lblo fixed assets Depreclatlon bs provlded at the followlng annual rates In order to wrlte off ea¢h ass&t over Its estlmated useful Equipment 33% on cost Tanglble flxed assets are stated at cost lor deemed costl or valuatlon less accumulated depreclatlon and ccumulated Impalrment losses. Cost Includes costs dirertly attributable to makin8 the asset capable of operating as Intended. TalOn The charity15 exempt from tsx on Its charitable activlties. Page 12 contlnue(l...
BOSTON WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLlaES- contlnued Fund accountln8 Unrestrltted funds can be used in accordance whh the charltable objectives at the d15cretlon of the trustee5. Restrl¢ted fvnds can only be used for partlcular restrlcted purposes wrthln the oblect5 of the charlty. Restrictions arlse whèn spèclfled by the donor or when funds are raised for particular restrScted purposes. Further explanatlon of the nature and purpose of each fund 15 Included In the notes to the flnancial statements. Hlr• purchase and lea51n8 commltm•nts Rentals pald under operatlnB leases are charged to the Statement of Flnanclal Actlvltles on a stral8ht Ilne basls over the period of the lease, Ptnslon easts Bnd oth•r post-r•tlremont benefhs The charlty operates a deflned contrfjbutlon penslon scheme. Contrlbutions payable to the ¢haTIty's penslon scheme are char8ed to the Statement of Flnanclal Actlvltles In the perlod to which they relate. DONATIONS AND LEGACIES 2021 Total funds 2020 Totsi funds Unrestrlcted funds Restrlcted funds Donatlons and sundry Income Grants 16,844 157.494 16,844 467,588 8.136 265.251 310,094 174,338 310,094 484,432 273,387 Grants recelved, InclL4ded In the above, are as follow5: 2021 2020 DCLG Resettlement ECCFIMOT Every Chllds Chances- CIN Great Days Out li 10,000 22.123 22,282 22,645 4,905 11.132 22,658 73.383 14,650 11,132 56,537 Holbeach Rural Communlty Hub Lloyds Bank FoundatSon Make A Chan8e- Survivor Services Medlock Trust- Refvge Support Asslstant Reachln8 Communltles MHCLG Catalysts General HUB- Spalding Longhurst MHCLG Complex Needs Screwfix Other grants 7.500 110,137 28,163 108,948 4,668 157,443 4,980 30,944 3,600 4.998 467,588 265,251 Page 13 continued...
B05TON WOMEN'5 AID NOTES TO THE FINANaALSTATEMENTS- contlnued FOR THE YEAR ENDED al MARCH 2021 INVESTMENf INCOME 2021 Total fvnds 2020 Total funds Unrestricted funds Restrlcted funds Deposft account Interest 379 379 776 INCOME FROM CHARrrABLE ACTNMES 2021 2020 vlty Rental Income Charitable activlties Charltable artlvltles Rental payers Rerhtal payers Other Income 102,149 76,542 1541 157 102.306 76,972 RAISING FUNDS Oth•r tr•dSni •rtl¥ltl•s 2021 Total fvnds 2020 Total funds Unrestrlcted nd5 Restrlcted funds Bad debts CHARtrA8LE ACTIVITIES COSTS Support costs Isee note 81 Dlrect Costs Totals Charltable attfvltles 316.930 14.318 331,248 SUPPORT COSTS Govemance Flnance Totals Charltable actlvltle5 50 14.268 14,318 Pagè 14 ¢ontlnued...
BOSTON WOMEN'S AID NOTESTO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2021 TRusfEES' REMUNERATION AND BENEFITS There were no trustees. remuneratlon or other beneflts for the year ended 31 March 2021 nor for the year ended 31 March 2020. Trust••s' •xpense5 There were no tnistees, expenses pald for the year ended 31 March 202012019- £nlll. io. STAFF COST5 2021 2020 Wages and salarles So¢lal se¢urlty costs Other penslon costs 204,325 3,152 14,300 190,519 11,477 14,243 221,777 216,239 The average monthly number of employees durlng the yoar was as follows: 2021 2020 Management staff Front Ilne staff io No employee5 reeelved emoluments In excess of £60,OCX). ii. COMPARATIVES FOR THE STATEMENT OF HNANCiAL ACTIVrnES Unrestrlcted funds RestrScted funds Total funds INCOME AND ENDOWMENTS FIIOM Donatlons and le8acles 25,086 248,301 273,387 Charltable artlvltl Rental Income Charitable actIvleS 76,542 67 76,542 430 363 Investment Income 776 776 Total 102,471 248,664 351,135 EXpENDuRE ON Charltabl? artivities Charltable activities 63,653 228.948 292,601 NETINCOME 38,818 19,716 58.534 Page IS contlnued...
BOSTON WOMEN'S AID NOTES TO THE FlNANaALATEME[5- contlnued FOR THE YEAR ENDEO 31 MARCH 2021 ii. COMPARATNES FOR THE sfATEMEiif OF FINANCIALACYIVITIES- contlnu•d Unrestrlrted funds Restricted fijnds Total funds RECONCIUATION OF FUNDS Total fvnds brought forward 117,486 203,823 321,309 TOTAI FUNDS CARRIED FORWARD 156.304 223,539 379,843 12. TANGIBLE FIXED ASSETS Equlpment COST At l Aprll 2020 AddltSons 7,446 1,059 At 31 March 2021 8,505 OEPRECIATION At l Aprll 2020 Charge for year 7,426 358 At 31 March 2021 7,784 NET BOOK VALUE At 31 March 2021 721 At 31 March 2020 20 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Other debtors Prepayments and accrued income 49,290 6,612 15,641 2,904 55,902 18,S45 Page 16 continued...
BOSTON WOMEN'S AID NOTESTO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2021 14. CREDITORS: AMOUNTS FALUNG DUE WITHIM ONE YEAR 2021 2020 Social 5ecurty and othertaxes Penslon creditor Other ¢reditors Accruals and deferred Income 6,717 11611 2.389 2,019 5,938 733 1211 3,824 10.964 10.474 Is. LEASING AGREEMENTS Mlnlmum lease payments under nonvcancellable operatlng leases fall due as follows: 2021 2020 Wlthln one year Between one and flve years 12,240 IS,36LI 30,600 16. MOVEMENT IN FUNDS Net movemÈnt In funds At 31.3.21 At 1.4.20 Unrestrlcted lund5 General fund 156.302 151.990 308,292 Restricted funds DCLGIMOT Great Days Out Medlock tharltable Trust Reaching Communities DCLG Resettlement ECCFIMOT 39,498 8.365 5,790 85,084 721 7,477 14,3501 11,7391 15,7371 46,410 13191 7,701 35,148 6,626 53 131.494 402 15,178 k 111 Every Childs Chance5 Holbeach Rural Communlty Hub Lloyd5 Bank Foundation MakeAChan8e MHCLG Catslyst Digltal Project Hub- Spalding Longhurst MHCLG Complex Needs Screwfix 2,655 12.185 18,019 31,422 12,325 2,892 3,742 11,1971 21,846 112,3201 2,242 5,078 31,030 3,61XI 5,547 15,927 16,822 53,268 2,242 5,078 31,030 3,600 223,541 98,879 322,420 TOTAL FUNDS 379,843 250,869 630.712 Page 17 ¢ontlnued...
8OSTON WOMEN'S AIO NOTESTO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THEYEAR ENDED 31 MARCH 2021 16. MOVEMENT IN FVNDS- ¢ontlnued Net movement In fund5, included in the above are as follows.. Incoming resources Resources expended Movement In funds Unre5trlcted fund5 General fund 276,963 1124,9731 151,990 Re5tri¢ted funds DCLGIMOT Great Days Out Medlock Charltable Trust Reaching Communltle5 OCLG Re5eltlement ECCFIMOY Every Chllds Chances Holbeach Rural Communlty Hub Lloyds 8ank Foundatlon Make A Change MHCLG Catalyst Dl8ltal Project Hub- Spaldlng Longhurst MHCLG Complex Noeds Screwflx 14,3501 16,6451 15,7371 162,4871 13791 114,5821 119,7531 17,3911 123.8541 151,5361 112,3211 12.4241 98 86 14,3501 1,7391 15,7371 46.410 13191 7,701 2,892 3,742 11,1971 21,846 112,3201 2,242 5,078 31,030 3,600 4,906 108,897 60 22,283 22.645 11,133 22,657 73,382 4,666 4,980 30,944 310,IS4 211,2751 98,879 TOTAL FUNDS S87,117 336,2481 250,869 Page 18 contlnued...
BOSTON WOMEN'S AID NOTES TO THE FINANCIALSTATEMEKfs- eontlnued FOR ThE YEAR ENDED 31 MARCH Z021 16. MOVEMENT IN FUNDS- contlnued ComparatSve5 for mo¥Ement In funds Net movement in furtds At 31.3.20 At 1.4.19 Unrestrfcted fvnds General fund 117,486 38,816 156,302 Restrkted funds Boston and South Holland Fioatln8 support DCLGIMOT Great Days Out Medlock Charttable Trust Reaching Communftles DCLG Resettlement ECCFIMOT Every Chllds Chances Holbea¢h Rural Communlty Hub Lloyds Bank Foundation Make A Change MHCLG 148 39,669 1,034 10,497 70.044 2,371 3,970 9,683 9,425 16,788 27,528 12.666 11481 11711 7.331 14,7071 15.040 11,6501 3,509 17,0281 2.760 1,231 3.892 13411 39,498 8,36S 5.790 85,084 721 7,479 2,655 12,185 18,019 31,420 12,325 203,823 19,718 223,541 TOTAL FUNDS 321,309 58.534 379,843 Pagè 19 contlnued...
BosroN WOMEN'S AID NOTESTO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2021 i& MOVEMEiwf IN FUNDS- cortlnued ComparatSve net movement In funds, included in the above are as follow5.' Incomlng resources Resources expended Movement in funds Unr•strlcted funds General fund 102,470 163.6541 38.816 Restrlcted funds Boston and South Holland Floating support DCLG/MOT Great Days Out Medlock Charitable Trust Reaching Communities DCLG Resettlement ECCFIMOT Every Chllds Chances Holbeach Rural Communlty Hub Lloyds Bank Foundatlon Make A Change MHCLG 11481 11711 17,4631 112,2081 190,7631 11,8901 111,4911 129,1501 18,3711 120,7661 130,6881 15,8381 11481 11711 7,331 14.7071 15,040 11,6501 3,509 17,0281 2,760 1,231 3,892 .13411 14,794 7,501 105,803 240 Is,othJ 22,122 11,131 21,997 34.580 15.497 248,665 1228.9471 19,718 TOTAL FUNDS 351,135 1292,6011 58,534 Page 20 contlnued...
BOSTON WOMEN'S AID NOTESTO THE FINANCIAL STATEMENTS- Contlnuod FOR THE YEAR ENDED 31 MARCH 2021 i& MOVEMENf IN FUNDS- contlnued A current year 12 months and pOr year 12 months comblned posltlon Is a5 follow5: Net movement In funds At 31.3.21 At 1.4.19 Unre5trlrted funds Genernl fund 117,486 190,806 308,292 Re5trlcted funds Boston and South Holland Floating support DCLGIMOT Great Days Out Medl(Kk Charltable Trust Reachlng Communltles DCLG Resettlement ECCFIMOT Every Chllds Chances Holbeach Rural Communlty Hub Lloyds Bank Foundallon Make A Chan8e MHCLG Catalyst Dlgltal Prolect Hub- Spaldlng Longhurst MHCLG Complex Needs Screwflx 148 39.669 1,034 10,497 70,044 2,371 3,970 9,683 9,425 16,788 27,528 12,666 11481 14,5211 S.592 110.4441 61,450 11,9691 11,210 14,1361 6,502 34 25,738 112,6611 2,242 5,078 31,030 3,6C 35,148 6,626 53 131,494 402 15,180 5,S47 15,927 16,822 53,266 2,242 5,078 31,030 3,600 203,823 118.597 322,420 TOTAL FUNDS 321.309 309,403 630,712 Pa8e 21 continued...
BOSTON WOMEN'S AID NOTES TO THE FINANCIALSTATEMENT5- contlnued FOR THE YEAR ENDED 31 MARCH 2021 16. MOVEMENT IN FUNDS- ¢ontlnued A current yèar 12 months and prior year 12 months Combined net movèment In fijnds. Included In the above a as follows.. Incomlng resources Resources expended Movement In funds Unrestrlcted funds General fijnd 379,433 1188,6271 190,806 Restrlrted funds Boston and South Holland FloatlnB support DCLGIMOT Great Days Out Medlock Charitable Trust Reachlng Communities DCLG Resettlement ECCFIMOT Every Chlld5 Chances HttlbÈath Rural Community Hub Lloyds Bank Foundation Make A Change MHCLG Catalyst Digital Project Hub- Spaldin8 Lon8hurst MHCLG Complex Needs Screwfix 11481 14,5211 114,1081 117,9451 1153,2501 12,2691 126,0731 48,9031 115,7621 (44,6201 182,2241 128,1591 12.4241 98 11481 14,521 5,592 10,4441 61,450 11,9691 11,210 14,1361 6,502 34 25,738 112,6611 2.242 5,078 31,030 3,600 19,700 7,501 214,700 31JO 37,283 44,767 22,264 44,654 107,962 15,498 4,666 4.980 30,944 3,600 558,819 1440,2221 118,597 TOTAL FUNDS 938,252 1628,8491 309,403 17. REiATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 March 2021. ULTIMATE CONTROLiING PARTY The charity Is Controlled by the Trustees. Page 22 contlnued...
BOSfoN WOMEN'S AID NOTES TO THE FINANCIALsfATEMEN13- wntlnued FOR THE YEAR ENDED 31 MARCH 2021 19. INDEPENOENT EXAMINATION The Independent examlnatlon fee Included In the accounts Is £1,73012019- £1,400>. Page 23
BOSTON WOMEN'S AID DETAILED STATEMEiif OF FINANCIAL A[nES FOR THE YEAR ENOED 31 MARCH 2021 2021 Total fijnds 2020 Total funds Unrestrlcted funds Restrlcted funds INCOMEAND ENDOWMENTS Donatlons and legacle5 Donatlons and sundry Income Grants 16,844 157,494 16,844 467,588 8.136 265,251 310.094 174,338 310,094 484.432 273.387 Investment Income Dep051t account interest 379 379 776 Charttable actlvltles Rentsl payers other income 102,149 97 102.149 157 76,488 102,246 102,306 76,972 Total Incomlng resOUe$ 276.963 310.154 587.117 3SI,135 EXPENDITURE Other tradln8 actmtles Bad debts 5.(KlO 5.000 Charftable actlvltles Wages SociHI securlty Penslons Rent Rate5 and vrdtÈr Insurance Llght and heat Telephone Postage. stationery and advÈrtlslng covi[19 expendSture Sundries Motor and travel wsts Day trlps and activities Repair5 and malntenance Staff tralning and actfvftles Counselling fee5 Suppliès Plant and mathinery 38,763 14,1901 2,322 30,512 920 788 8,235 2,517 822 2.631 8,785 1,073 122 20,224 585 165.562 7.342 11,978 5.496 204,325 3,152 14.300 36.008 920 2.938 8,448 2.770 190.519 11,477 14,243 27,038 1,429 2,654 5,528 5,413 1.362 2.150 213 253 622 2.631 12.851 1.417 412 20.295 1,593 840 2,228 358 4.066 344 290 71 1.008 10,285 6,S99 4,108 4,265 177 793 L414 1,089 2,170 67 58 291 116,346 200,584 316,930 288.393 This page doÈs not fomi part of the statutory financlal statements Pa8e 24
BOSTON WOMEN'S AID DETAILED STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 MARCH Z021 2021 Total funds 2020 Total funds Unrestritted funds Restricted fund5 support costs Flnance Bank charges 50 Governanc• costs Accountanry and legal fees Financial management Legal fees 1,429 410 6.738 1.886 3.315 1,090 9,863 1.529 1,442 1,235 3.125 8,577 5,691 14.268 4,206 Total resources expended 124.973 211.275 336,248 292,601 Net Income 151. 98.879 250,869 58,534 Thls page does not fomi part of the ststutory financial statements Page 25
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF B05TON WOMEN'SAID Independent examiner's report to the trustee5 of Boston Women's Ald I report to the charlty trustees on my examlnatSon of the aecounts of Boston Women's Aid Ithe Trust) for the year ended 31 March 2021. Responslbllltles and ba515 of report As the charity trustees of the Trust you are responslble for the preparation of the accounts in accordante wlth the requirements of the Charltles Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and In carrylng out my examlnatlon I have followed all appllcable Directions gSven by the Charity Commi55ion under section 14515llbl of the Act. Independent examlner'5 statement Since your charity's 8ross income exceeded £250,000 your examiner must be a mernber of a Ilsted body. I can confirm that l am qualified to undertake the exarnlnation because l am a registered member of ICAEW which Ss one of the Ilsted bodles. I have completed my examSnatSon. I conflrm that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to believe that sn any materlal respect., accountin8 records were not kept Sn respect of the Trust a5 requlred by 5ectSon 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply wllh the appli¢able requlrements concernlng the form and content of account5 Set out In the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a true and falr vlew which15 not a matter consldered as part of an Independent examlnatlon. I have no ¢oncerns and have corne acr055 no other matter5 In connection wlth the examlnatlon to whlch attention should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. i.cC-dsJ Mr T G Godson FCA ICAEW Duncan & ToplSs LlmSted S Resolutlon Close Endeavour Park 8oston Lin¢olnshi PE21 Trt Date= . Page 6