## **THE ELLIS CAMPBELL FOUNDATION** 

## **ANNUAL REPORT FOR THE YEAR ENDING 31[st] DECEMBER 2021** 

|||**Education**|**Heritage**|**Other**<br>**(ad hoc)**|**Youth**|**Total**<br>**s**|
|---|---|---|---|---|---|---|
|**Hampshire**|No of<br>grants|1 (NIL)|NIL (1)|1 (9)|1 (9)|3 (19)|
||£k|£3,000.00|£0.00|£500.00|£200.00|£3,700.00|
|**Other areas**|No of<br>grants|NIL (NIL)|NIL (NIL)|6 (7)|2 (5)|8 (12)|
||£k|£0.00|£0.00|£12,200.00|£5,500.00|£17,700.00|
|**Perthshire**<br>**and**<br>**Scotland**|No of<br>grants|NIL (NIL)|NIL (NIL)|3 (2)|NIL (2)|3 (4)|
||£k|£0.00|£0.00|£7,460.00|£0.00|£7,460.00|
|**London**|No. of<br>grants|NIL (NIL)|NIL (NIL)|NIL (1)|1 (6)|1 (7)|
||£k|£0.00|£0.00|£0.00|£1,000.00|£1,000.00|
|**Totals**|**No of**<br>**grants**|**1 (NIL)**|**NIL (1)**|**10 (19)**|**4 (17)**|**15 (42)**|
||**£k**|**£3,000.00**||**£20,160.00**|**£6,700.00**|**£29,860.00**<br>**(£602,320.00)**|



Notes: 2020 figures in brackets for comparison 

There were 15 (42) recipients of a grant this year with a total sum of £29,860.00 (£602,320.00) donated. 



REGISTERED CHARITY NUMBER: 802717
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENI'S
FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
ELLIS CAMPBELL FOUNDATION

ELLIS cAL￿BELL FOUNDATION
CONTENTS OF THE FINAf4ciAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 202]
Page
Report Of the Trll$tee$
Report of the Independent Auditor5
Stat¢ment of FiNanci81 Actlvities
B#laRce Sheet
Ca$h Flojy Statement
Notes to the Cgsh Flow Statement
io
Notes to the FinaDcial Ststements
11 to 17

ELLIS CAMPBELL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
The tn]stees present their report with the finan¢ial 5tatetnents of the charity for the year ended 3 1 De¢e]nber 2021. Th¢
trllstees have adopted the provisions of Accountlllg alld Reporting by Charities.. Stsicmcnt of Re¢ommended Practice
applicable to charitics preparing their accounts in accordance with the Financial Reporting Stsndard applicablè in the
UK lind R¢publi¢ of Iieland IFRS 102) (cffective l January 2019).
OKIECTIVES AND ACTIVITIES
Objectives and
Under the ternis of the settlement, trustees are able to apply the ￿lld$ io any charitabl¢ pury>ose and in su¢h ]nanner as
the trustees may from time to lime in their di.%cretion deterinine, with special refer¢ntt io supporting young people
through genuinely youth led proje¢ts acros% ihe UK. In planning IheiT dollations for rhe year they kepi in mind the
Charity Cotntnission's guidance on public benefit at their trn$tee meetings.
making policy
The fi]nds arc disttibutcd across to build youth power and leadership systemically through youth I￿1 power based
learning and development opporninities for young people with a focus oll supponing young leaders from tninoritized
attd mar￿naliSed backgrounds outside of Greater London, This is admitsisler￿ from the London office with
applications then being presented to the trustees at bi-anrtual trustee meetings.
ACHIEVEMENT AND PERFORMANCE
Hoiv our attivitie$ deliver public beneflt
ID pursuance af its Gharitable aims, thc cha￿ty gives donations to fund a wide range of activities. The trustees consid¢r
that these activities, sumn]&rised above, providc bentfit both to those receiving the donations and the wider conynunity.
Thc charity continues to fulfil its. objects through ils donation making policy and the trustees regularly monitor its
achievem¢nt. The trusle¢s feel that the objective5 of the chariiy have becn met and the public have benefited from its
ctivilies durin8 the year.
FINANCIAL REVIEW
Financial posltlon
Totsl income from donations aDd investments for th¢ yearamounted to £1,148.462 (2020.. £658,586).
The charity made 15 donation5 during the year totallin8 £29,860 {2020.. 42 donations totalling £602,320}. The average
donation was £1.99012020.. £14,341}. Donations appear lower in 2021 because the 2020 donations included a number
of multi-year ¢ommitmcnts.
Investn]ent poliey objectives
The tharity has no restrictions on Éts powers to invesL The policy of the tru$t¢es is to seek io maximisc totsl return,
whilst mainr8ining the real value uf the portfolio and llot subjecting it to undue risk. TTUStees revi¢w inYe5trnent
perfomance at each meeting. and their policy at Ivdst anllually.
At 31 December 2021 the charity held fixed asset invesiments with a value of £3.508,93712020'. £2.500,484). At this
date the investment portfolio ¢oniprised UK equili¢5, PtopeLty reversions and commercial property.
The charity Manages its investments on a totsl remrn basis so that investmenl itt¢ome is simply one component of the
total investment return.
Reserves policy
The chariry holds only unrestri¢ted ￿nds. The resetves policy of the ChaTity is to retain at least one year's ¢Apenditure
on charitable a¢tivitie5 a5 cash and liquid invesm)ents. The Charity othernvtse invests its ￿ndS in inv¢5tment propety to
generatc long i¢mi income. At the y¢aT end reserves totall¢d £4.4in of which £3,5Tn was represented by investments,
including prop¢ili¢s. The balallce of £900k is considered liquid and compares io th¢ ex￿ndIt￿re in 2021 of £59k. The
trustees include this liquidity position as part of their considerdtion of potential donations.
FUTURE PLANS
The charity intends to coDtinu¢ to fulfil its objects through its donation making policy.
Page I

ELLIS CAMPBELL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 202]
STRUCTURE, GOVERNANCE AND MANAGEMENT
GoverniDg document
The ehari(y is controlled by its governing document, a d¢ed of trust at)d ¢onstitutes an unincorporated charity.
Elli6 Campb¢ll Foundation is govcrned by the Deed of S¢ttlement dated 12 December 1989.
Trustees nieet twice f4 year to consider gTant application& review investment p¢rfornMnce and discuss tn8tter5 of a
strategic gLd athninistrative nature.
The power to appoint new trllstees is vested in the existing ttustees.
Induction and tra5nin% of new tru$tee5
The trustees have all been involved from before the establishment of the Ellis C&mpbell Foundation, as trustees-to-bc.
EaLh Of the tnJstee$ brings with th¢m specific relevant areas of exp¢rtis¢. including financial. organisational. policy
drv¢lopm¢nt and ltt¥al. Upda12ng on new Eelevaut issues relating io the Ellis Campbell FouDdation occurs as part of the
agenda of trnstees, meetings.
The induction of new trustets has not been an issue f(>r the Ellis Campbell Foundation. Policies relating to this will be
agreed as and when is nece8sary as part of future expansion of the board oftrnsiees.
Risk management
The tTUStee5 are responsEble for e5rablishitLg and monitoring the illtcrnal control systems of the charity. The major risks
whieh Tnay impa¢t on it5 activities have been reviewed duTing the year. The key risk is financial risk. operatlonal risk is
Considered low. The trustees are satisfied that the System of internal controls currenily ill place is adequate, whilst
recognising that they are designed to manage rather than eliminate risk. Internal Controls are reviewed on an ongoing
basis as part of the day-to-day rith managemellt process.
RF.FLRENCE AND ADMINISTRATIVE DETAILS
Reglstered Chariry number
802717
Principal address
Shalden Park Steading
Shalden
Alion
Hampshire
GU34 4DS
Trustees
M D C C Carnpbell MBE DL
Mrs L F Campbell
J L C CaTnpbell
Mrs A J Andrew
Mrs L G Montgomery
Mi&$ l Andrew (appointed l October 20221
H Andrew (appointed l October 20221
W Andrew (￿POInted l October 20221
Allditors
Harold Sharp Limited
Registtrtd Auditors and Chartered Accountants
5 Brooklartds Placc
Brooklattds Road
Sale
Cheshire
M33 3SD
Pag¢ 2

ELLIS CAI¥(PBELL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
REFERENCE AND ADMINISTRATIVE DETAtLS
Bankers
CAF Bank Ltd
25 KEngs Hill Avcnue
Kings Hill
West Malliug
Kent
ME19 4JQ
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trusttts are responsible tor preparing the Report of the Trustee5 and the financial statements in accoidanrc with
applicabl¢ law and Unitrd KingdoTn Accouttiing Standards (United Kingdonj Generally Accepted Accounting Prartice).
The law appli¢able to chariiies in England and Wales, the Charities Act 2011. Charity (Accounts and Reports)
Regulations 2008 and the provisions of the tr￿st deed requires the trnsiees to prepare financial statements for each
financial year which give a tNe and fair view of the stste of affairs of th¢ charity and (>f the income and expendi￿re of
the charity for that period. In preparing those finan¢ial statetnents., Ihe tru8tees are requiTed to
%elect suitable acci)UAtillg policies and thell apply thetn consistcntly.
observe the methods alld principles the Charity SORP;
makc judgements and estimates that are reasonable and prudent.
stste whether applicable a¢couiiting standards have been followed. sllbjeci to any material departures dis¢105ed and
¢Aplained in the finan¢ial statemcnl$'
prepare the financial 5tateTnents on iiie going concem basis unless li is inappropria¢e w presume that the chaTity will
continue in business.
The trnstees are re5PODsible for keeping proper accounting reci)rds which disclose with re4sonable accuracy ai arly time
the fjnantial position of the charity and to enable tbe]n to ensure that the f￿anCial statement5 comply with the Charities
Act 2011. th¢ Charity (Accollnts and Reports) Regulations 21)08 and the provisions of the mst deed. They are also
responsible for safeguarding the 2$5¢ts of thc ¢haTity and hence for taking Eeasonable Strps for the prevention and
detection of fraud and other irregulaTitits.
Approved by order of the board of tryslee5 on .
signed on its behalf by..
MTS L G Montgotnery - T .ite¢
Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
ELLIS CAMPBELL FOUNDATION
OpÈnlon
We have audited the f]nancial Statements o( The Ellis Campbell Foundation {th¢ 'charity'l EOT the year e]xled
31 Decembei 202L whi¢h comprise the Statement of Financial Activittes, the Balance Sheet, the Calh Flow Statement
and noies th the financial statements. including a summary of signifi¢ant accounting policies. The financial reporting
framework that has been applsed it] their preparatitsn is applicable law and United Kingdom Accountirag Standards
(United Kingdom Generally Ac¢¢pied Acci)unung Practic¢l.
In our opinion th¢ financial stat¢ments'.
give a trne aThd fair vIew of the stst¢ of the charity's affairs as at 31 De¢¢mber2021 and of ils irt¢ome and
expenditure for the year then Cnded,.
have been properly prepared in accordance with United Kingdom Generally Accepted A¢¢ounting Practice. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Inlemational Standards on Auditing {UK} (ISAS {UK}l and applicable low.
Our r¢sponsibilities under those Sthndards are further described in the Auditors, resp()nsibilittts for the audtl of the
finan¢ial 5tatem¢ntS section of our report. We are independent of the charity in accordance with the etlijcal
rcquiTero¢nts thdt are Ttl¢vant to our audit of the financial statetnents in the UK, including the FRC'S Ethical Standard.
and w¢ have fulfilled our oth¢r ethical r¢spvnsibilitic$ in accordanc¢ with these r¢qUite￿enTs. We believe that the
audit eviden¢¢ we have obtained is sufficient appropriate to provid¢ a basis for our opinion.
Concluslons relating to going ton¢er
In auditing the financial statements. we have Concluded that the ttustees, use of the going concern basis of accountit)g in
the preparaliotj ol the financial Siatcments is appri)priatc.
Based on the work we have perfomied, we have not identified any Tnaterial unrertainties r¢latingT to ev¢ttts or conditions
thtt. individually or collectively> may cast significant doubl on the charity's ability to continue as a gu￿8 concern for 8
p¢riod of at l¢asi twelve Tnonths from when the fmallci￿ ststements aTe authorised f(>r issue.
Our responsibilities and th¢ ]Ysponsibilities of the trns¢ees with respe¢1 to going concem are described in th¢ relevant
sections of thi5 repori.
Other Information
The trustees are responsible for the other info]rnatioll. The other information Lon]prises the inforniation included in the
Annual Repo¢ other than the financial statcments and our Repon of the llldep¢ndent Auditors thereon.
Our opinion on the financial statetnents does E)Ot cover th¢ other infomMtion and. except to the exteni othenvise
explicitly stated in our repon, we do not express any forni of assurance conclusion thereon.
In connection with Dur audit of Ihe financial siatement5. our re$poThsibility is to read the other infoTmation and. in dning
so. con%ider whether the other infoTmation is matciially inconsi%tLnt with the financial StsteMen￿ OT our knowledge
obtained in the audit or otherwise dppeaTS to be m&t¢rially misstated. If we identify such matenal inLonsisteneies vr
apparcnt material misstat¢ments, we are rEquired io determine whether this gives rise to a material mi5Statement In the
financial sttttcments themselves. If. b￿¢d on the work we have perfoLrne(L we conclude that there is a inateriai
misstatement of this other inforn￿tIOll, we are required to report that fact. We have nothing to report in this regard.
Matters which we are required to report by e%<eptiTrn
We have nothing to repoTt in re$pe¢i of the following TnatteTS where the Chariries (Accounts artd Reports) Regulations
2008 requires u5 to rerK)rt to you if, in our opinion..
the Infornution given in the Rq)ort of the Trusiees i5 illconsistrnt in any matcrial respt¢t with the fJnan¢ial
statements. or
sufficient accounting records have not becn kept,. or
the Findocial statements are net in agreement with the a¢wunting rccords returns. or
we have not received all the inforrnation and explanations we require for our audit.
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
ELLIS CAMPBELL FODNDATION
Respoll5ibilitie5 of trn$t¢es
As explained more fvlly itt the Statemenl of Trustees, Responsibiliiies, the trustees are responsible for the preparation of
th¢ finaTLcial staiemenrs which give a true and fair view. and for surh internal control as the trustees deiemiine is
necessary to enable the preparatioTh of financial statements that are f￿¢ froin material missta¢¢￿en¢ whether due to
fraud or eTror.
Jn pr¢parittg the financial statement5, th¢ trustees are responsible for assessing the charity's ability to coniInue as a
going concern, dis¢losing, as applicable, tllatters r¢laled to going concern and using the going conceTn basis of
aecounting unless the trnstees either intend to liquidate the chariiy or to Cvdse operations, or have no r¢alistic altetIiatiYe
bui to do so.
Our responslbilities for the of the fiThAneial statements
We hdve b¢¢n appointed as auditVTS under Section 144 of the Chariti&8 A¢t 2011 and report irt accordance with the ALt
and relevant rcgulations Inade or having eff¢ct thereunder.
Our objectives are to obtain ffasonable assurhnee about whether the fittantTral statements as 2 whole are free from
]naterial misstatemenL wheiher due to fraud or error, and to issue a Report tsf the Independent Auditor5 that includes
our opinion. Reasonable assurance is a lJigh level of assuranee, but is not a guarantee that an audit conducted in
accordance with ISA8 (UK) will always d¢ie¢t a material misstaiemettt whcn it exists. Misstatements can arise fron]
frwd or error and are ¢onsidered material if, individually or in the a88r¢gate, they could r¢a8onably be expected to
influence the economic decisiort% of users taken on the basis of these r]rtanLial statement$.
Irr¢gularities. including fraud. are instAnces of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect maleridl misstst¢ments in respe£t of irr¢gUI￿7tIe5. including traud.
Our appttsach to iderltifying and assessing the risks of M￿trIal misststement in respe¢t of irregularities, including fraud
and non-compliance with laws and regulations. was as follows..
* the engagement parn)er ensured that the engagement teatn collectively had the appropriate competence. capabilities
and skills to idcntify or r¢cognisc non-compliance with applicablc laws and regulations.,
we identifjed the lawg and regulations appli¢able to thc charity thr(>ugh discussiotts with Tll8n3gemenl and f￿T￿ OUT
experience of the charity gecior.,
we focused otl specjtic laws and regulations which we Considered may have a direet material effect on the financial
51atements or the operdtions of the charlty, JncludiTrg the Charities Aci 2011, data protection. anti-bribery,
enviro]]mental and health and safery legislaiion.,
we as5e55¢d the exleni of Lompliance with th¢ laws and regulations idelltificd above through making enquiries of
maii&geTn¢nt and inspecting legyal correspondence; and
* identified laws and regulations We￿ coTnmunic2ted within the audit team regularly and the team remained alert to
We assessed the sllscepiibility tsf the charity's financial Statements to mateTiai ￿l5stat¢M¢nt, including obtaining an
under5talldin8 of how traud n]ight occur, by..
making enquiries of managemenl as io where they Considered there wa$ sus¢epiibility to fraud, their knowledge of
actual..8usp¢¢ted or allcBcd frdud., and
considering th¢ intellw] controls in place to mitigate risks of fraud and
non-compliance with laws and reglllations.
To address the risk of fraud tbrou8h management bias and ove￿Ide of controls. we..
perfo[￿ed analpical pr￿edureS to identify any unusual or unexpected relationships.
tested journal entries to identify unusllal transactions-
assessed whether judgetncllts and assumptions made in deteTminin8 the a¢¢ounting estimates sei out in note 3 were
In(Iicative of potenlial bias; and
investigated the Taljonale behind sigtjificani or unusual transaciions.
Pa8¢ 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
ELLIS CAMPBLLL FOUND.4TION
In TegtK)nse io the ri%k of irregularities and non-compliance with Idws and regulalions, we desiÈwed pro¢edures which
inLlud¢d, bul weie not limited io..
a8r¢eing fmancial stat¢ment disclosures to underlying supporting documentation.
reading the minuies of m¢etitLgs of those Charged with governance. and
enquiring of management as to actual and p)i¢iitial litigation and ¢laims.
There are inherertt limitations in OUT audit procedures described above. Th¢ more rem()ved that laws and regulations are
from flliancidl (TanbitLtions, the less likely it is that we would be¢ome aware of non-rornpliance.
Auditing standards aLso I1￿1t the audit procedures required to identify non-complitnce with laws art(1 regulations to
enquiry of the trustees and other inanageineDt and inspectÈon of regulatory and legal cotrespondthc¢, if ally.
Matetial Tllisstatements that arise due to fraud can be harder to detect than thoge that arise frorn error as they miy
involve deliberate conccalment or ¢ollusion.
A further descriptiott (>f our responsibilities for th¢ audit of the fjnancial statement$ 15 located OD the Financial
Reporting Council's wcbsite at www.fvc.org.uklauditOTgresponsibilities. This de$¢nption forms part of our Report of the
Ind¢pendent Auditors.
Use of our report
This report is made solely to the ¢harity'S tru8te&%, as a body, in accordance with Part 4 of the Chartties (Accounts and
Reportsl Regulations 2(K)8_ Our audit work has been undertaken so that we might state to the charity's trustees tho$¢
matters we are required to State to them in an auditors, report and for oiher PUTpose. To the fvlle5t cxtent pemilted
by law, we do not aCLept or assume responsibility to anyone otheT than the charity and the charity'5 trusttes a5 3 body,
for our audit work. for this repon, OT for the opinions we have fonned.
Christopher Wrighton Iscnior Siaiutory Auditor}
For and on behalf of Harold Shaip Limited
Registered Auditors and Chartercd Accountants
Eligible ¢0 act as an auditor in tertns of Section 1212 of the Cotnpanies Act 2006
5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD
Date..
31 October 2022
Page 6

ELLAS CAMPBELL FOUNDATIOIY
STATEMENT UF FINANCIAL ACTIVITIES
FOR THE YEAR ENDF.D 31 DECEMBLR 2021
2021
Unrestricted
rund
2020
Totrl
funds
Noies
INCOME AND ENDOWMENTS FROM
Donation5 and lega¢i¢s
I,000,(XK)
500,000
Investment income
148,462
158,586
Total
1 148,462
658,586
EXPENDITURE OLN
Charitable activities
Charitable donatlollg
Chariiable expenses
29.860
29.331
602,320
60.770
Total
59.191
663.090
Nel gains on investments
188
NET INCOME
1.277,526
84,057
RECONCILIATION OF FUNDS
Tot￿ funds brought forward
3.162.202
3,078,145
TOTAL FUNDS CARRIED FORWARD
4 439 728
3 162,202
The note$ fomi part of thes¢ financial ststemelltS
Page 7

ELLIS CAMPBELL FOUNDATIOIY
BALANCE SHEET
31 DECEMBER 2021
2021
Total
lunds
2020
Tolal
funds
Notes
FIXED ASSETS
Inyfstments
Inve8tm¢rtts
Investment ptDpety
1,069,649
2,439.288
174,173
2 326,311
10
3,508.937
2,500,484
CURRENT ASSETS
Debtors
Cash in hand
50,737
1073.598
19,052
i (M)6 468
.124,335
1,025,520
CREDITORS
Atnounts falling due within one year
12
1193.544)
(363.8021
NET CURRENT ASSETS
930 791
661.718
T(YfAL ASSETS LESS CURRENT
LJABILITJES
4,439.728
3.162,202
NET ASSETS
4,439.728
3,162,202
FUNDS
Unrestricted fL]nds
14
4.439 728
3.162202
TOTAL FUNDS
4.439.728
3 162.202
rinancia
statements were approved by the Board of Trustees and authorised for issue on
wer¢ signed on Jis behalf by..
L G Montgomery- Trus
The notes fomi part of these fittancial statem¢ntS
Page 8

ELLIS CAMPBELL FOUNDATION
CASH FLOW STATEl¥tEP4T
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Notes
C&sh flows from operating activltlts
Cash generai¢d from operations
876 133
293.188
Net cash provided by operating activities
876 133
293 188
Cash flows from lttvestlng aetlvlties
Purchase Of fixed asset invesiments
Salc of fixed asset investments
Sale of investnient property
Inttrest received
Dividends receiveAI
(1.013,595)
193.397
304,660
54
Net Cash (used inyprovided by investing activiti¢s
809 003}
312 638
Change in cash &nd Cash equivalents in
the report5nE period
Cash and cash equivalent5 at the
be2iDnillg of the r¢porling period
67,130
605,826
1,006 468
400.642
Cash and ¢a$h ¢quSvalents at the end of
the reporting period
1073 598
1006 468
The notes form part of these financial statemen(s
Pagc 9

ELLIS CAMPBELL FOUNDATION
NOTES TO THE CASH FLOW STATEMENT
FOR'IHE YEAR ENDED 31 DECEMBER 2021
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEIL4TING
AcrJvt'riEs
2021
2020
Net income for the reporting period (as per the Statement of Financial
Activltl¢sl
Adjustments for-
Net gainslprofit8llosse5 on investments
Interest received
Dividends receivcd
(Increa5e)Idecrease in debtors
{Decreasellincreast in creditors
1,277,526
84.057
(188,2551
{88.5611
{541
17.9241
41.658
264.012
(31,6851
170 2581
Net cgsh provided by oper8tiot)$
876 133
293,188
ANALYSIS OF CHANGES IN f4ET FUNDS
At 111121
Cash flow
Ai31112121
Net cash
Cash at ballk and in hand
1,006,468
67.130
1.073,598
1,(106 468
67.130
1073,598
Total
1006 468
1,073 598
The noies form part of these financial statrments
Pagc 10

ELLIS CAfdpBELL FOUNDATION
r40TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
CHARrrY INFORMATION
The Ellis Carnpbell Foundation is a charity registered in England and Wales. the eharity'5 ￿&T]st¢red number is
802717 and registered office addTCSS is Shalden Park Steading. Shaldett. Alton, Hampshire. GU34 4DS.
ACCOUNTING POLICIES
B951s of preparing the flnaneial stAttment5
The financial statements of the chariry. which is a publi¢ benefit entity under FRS 102, kmve been pr¢pared in
acroidance with the Charities SORP IFRS 1021 'Accounting and Reportin8 by CharitLes'. Staiem¢nt of
Recommended Prartice applicable ¢0 charities preparing their 2ceounL% in accordance with the Finantial
Reporting Stsndard applicable Jn the UK and Republic of Ireland IFRS 1021 leffective l January 2019}',
Financial Reporting Standard 102 'The bin4nLial Reporting Stsndaid applicable in the UK and Republic of
Ireland. the Charities Act 2011. The financial stat¢Tn¢llts have been pt¢pured under the historical c(>st
¢OnVenti￿ with the exception of investments which are included at market value, as modified by the
revaluation of certain 8&sets.
The trust constitutes a Public Benefit Entity under FRS 102.
The ¢bariiy presents its results as a single entity only. The preseniational CUTrency is £ Sterling.
Income
All income is recognis¢d ID the Statement of Financial Activities oncc th¢ chatity has entitl¢ment to the funds, it
is probable that the income will be received and the amount catt be measured reliably.
Exp¢ndlture
Liabilities arc recognised as expenditure as 50011 as there is a legal or ¢onstruciive obligation committing the
charity to that expenditure. it is probable that a transfer of economic benefit5 will be required in settlement aod
the amounl of the obligaiiLlrt bc measured reliably. Expenditure is accounted for on an acLruals b4sis and has
bccn ¢las5ified under htradings that aggregate all cost related io the category. Whcre costs cannot be directly
attributed to particular heading5 tbey have been allocated to dctivities on a basis consistent with thc use of
resources.
Donations payable are payments made to third parties in the furtherart¢e of the charitsble objectives of the
Charity. Single or multi-year donaiions are accounted for when cither the recipient has a reasonable expectstion
that they will receive the donation and the trustees have agreed to pay the dtjnation wEthout cortdition. or the
recipient has a reasonablc expectation Ihat they will receive a donation and any condition attaching to the
donation 15 outsidc th¢ Control of the charity. Dollations offered subject io conditions which have n(¥t been met
at the year end date are noted as a commitjnent but not a¢¢[lJ￿ a5 expcnditure.
Charitable activities
Costs of charitable aciiviti¢s are incurred on the ¢harity's educational operations. including support ¢osts and
costs relating 10 th¢ govcrnance of the charity.
Govern%nce colts
Governancc costs comprise all costs involving the publi¢ aecountsbiliry of the charity and its Compliance with
regulation and good practice. These ¢osts include costs relat¢d io the independent examination and legal f¢¢s
together with an apportioDment of overhead and support rvsts.
Fixed asset lllvestmen¢$
Investments are stated at market value as at the balan¢e sheet date other than inve5tsnents not listed on a
reGogniscd sloLk exchange, which are included at the trusiee5' valuation. The Statcment of Financial ActivitTre5
includes th¢ Det gain5 and los&es arising on revaluation and disposals ihroughouE the year.
Taxglion
The charity is exempt from tax on its charitable activities.
Page 11

ELLIS CAMPBELL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES- contioued
Fllnd accountlng
ul￿eStrIcted funds can be used ill accordance with the charitable objeetives at the disererion of the tn]stees.
Restricted funds can only be used for particular r¢stri¢t¢d PULyose$ within the obj¢¢ts of thc charity.
RestTiCtions arise when specified by the donor or when fimds are raised for particular restri¢t¢d pU￿oses.
Unrealised and reallsed gains and losses
All gaitts and losses are iaken io thc Ststement of Financial Activities as th¢y arise. Realised gains alld losses on
invL%tmellts are calculated as the differencc between salcs proceed% and opening market V<ilue (purchase date if
later). Unreali8ed gain5 and losses ar¢ calculated the difference between the maik¢t value at the year-end and
opening market value lor putLhase date if later). Realised and unT¢alis¢d gains are not separat¢d iT) the Statement
of Financial Activities.
Fitialltial Instruments
The chartty has el¢¢ted to apply the provisions of Section I I 'Basi¢ FiNaE]cial Instmment5' of FRS 102 10 all of
its financial instruments.
Financial instrnments are r¢co8niscd when the charity b￿0M¢S pany to the contrdctllal provisTOllS of the
insrruThent.
Financial assets and liabilities are offset. with the net amounts pr¢sented in the finan¢i#l slalement& when there
is a legltlly enfoTceable right to set off the recognised amounts and there is an intention to settle on a net basis or
io re4lise the assci and settle the liability simultaneously.
Basic financial assets, which Include trade d¢btors, other debiors and Lash and i)ank balances, are initially
measured at transaction pri¢e including trdns&tioD costs and ale subsequenily carried at a]nortised ¢osi using
the effective interest method. Financial &ssets classified as re¢eJvable within un¢ year are not amortised.
Financial liabilities and 4uity instru￿¢￿t5 are classified according to the substance of the contrdC￿aj
a￿angeMentS enter￿ illto. An equity in5trumerLt is any contract that evid¢n¢es a residual inter¢st in the assets of
the charity after deducting all of itslsabilities.
Basic fiThan¢ia liabilities, including trsdc creditors and other credito￿, that are classified as debt, are ini11211y
recogni%td at Iransaction price unless the arrangement Consti￿￿S a financing transacti()n. where the debt
instn]mettt 1$ measured at tbe pr¢s¢nt value of the fulure paY￿entS discounted at a mark¢t rate of interest.
Financial liabi]ities are dere¢ogni5ed when, and only when. the charitys contractual obligations are discharged,
cancell¢( or they expire.
Going contern
Based on Current trdding and future expeclalions. the trustees are Confident the Charily will continue lo trade
profitably in future periods and gen¢rate sufficient cash tlows to meet ils obligations as thry fall due for
pay]nent.
Pag¢ l2

ELL15 CAMPBELL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- contlmued
FOR THL YEAR ENDED 31 DECEMBER 202]
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCkS OF ESTIMATION
UNCERTAINTY
Signifie4nt judgemènts and estlm*tes
In the application of the eharity's ac¢ountlll8 policies, thc trustees are required to make judgetnents. estimates
and assumptions about the carrying amount of assets and liabilitie5 that are not r¢adily apparent from other
50llrces. The estimates alld associated assumpiions are based on historical expeTience and other factors that ar¢
consid¢r¢d to be relevani. ALtLMI results m&y differ froin these eslimutes.
The estimates and und¢Tlying assumptions are reviewcd on an ongoing basi8. Revisions 10 a¢Lounting esiima
are iecognised in the period In which the estimate is revised wherc the revision affectg only tlial period, 01 in the
period of the revision and future periods where the revision affects Ix)th current and future periods.
A key source of ¢stitnation un¢eft8inty relat¢s to the valuation of investm¢nt properties, wher a valuation is
undertaken annually as at 31 D#ember by the trustee5. Property valuations ar¢ one of the principal un¢ertainiies
of the chariiy.
Investment properties were valued at £2,439,288 at 31 December 2021 12020.. £2,326,311) and #re showt) tn
note 10 of these financial sialetnents.
DONATIONS AND LECACIES
2021
2020
Donations
1.000,000
500.000
INVESTMENT INCOME
2021
2020
Renial income
Dividend5- UK quoted equitLe5
Interest on cash deposils
137,267
1,195
150,608
7,924
54
148.462
158 586
CHARITABLE EXPENDITURE
2021
2020
Charitable donations
Governlince costs
Other charitable expenses
29,860
4,250
25.081
602,320
25,250
35.520
59.191
663 090
All donations gre to charitabl¢ instittLtions.
Page 13

ELLIS CAMPBELL FOUNDATJON
NOTES TO THE FINANCIAL STATEMENTS- contjDued
FOR THE YEARET4DED31 DECEMBER 202]
AUDITORS, REMUNERATION
2021
2020
Fe£s payable to the charity's aLtditors for the audit of the chariws financial
statements
Other non-audit Services
4,250
3,717
4,250
2,567
'rkusTELS' REMUNERATION AND BENEFtTS
Trustees are considered to be key management persoTJnel.
Tru$t¢es' tiptnses
2021
2020
Trustees, expenses
loo
109
In 2021 th¢ expenses were Incu￿ by l iNstee in relation to entertaining expenses. The expenses incurred by I
trustee in 2020 are in Felation to entertaining c%pen.ses.
FIXED ASSET INVESTMENTS
List¢d
investtnents
MARKET VALUE
Ai l January 2021
Additions
Disposals
N¢t gains
174,173
,013.595
1193,3971
75.278
At 31 December 2021
1,069.649
NET BOOK VALUE
At 31 December 2021
1,069.649
At 3 1 December 2020
174.173
There were no inve5ttn¢nt assets outs'ide the UI
Cost or valuation at 31 Decen]ber 2021 and 31 Decembtt 2020 is represcnted by listed investments.
Page 14

ELLIS CAMPBELL FOUNDATION
P40TES TO THE FINANCIAL s'fATEMENTS- eontlnwcd
FOR THE YEAR ENDED 31 DECEMBER 2021
io.
INVESTMENT PROPERTY
FAIR VALUE
Ai l January 2021
Revaluation
2,326.31
112,977
At 31 December 2021
2 439 288
NET BOOK VALUE
At 31 December 2021
2.439,288
At 31 December 2020
2.326.311
Investment prop¢rties were revalued at 31 tkcember 2021 by the trusl¢e5 at open market iralue. To comple
this process th¢ trustees use extely￿1 profusional valuers to h¢lp thein determin¢ th¢ relevant a]nounis.
The primary source of evidence for the Commercial property valuation is recettt, comparable market transactions
on an arms-length basis adjusted for fa¢totS Such as lo¢aiion, covellant. terni, lot size and potential for rental
The value of Teversions is bascd on 8 fomula dependent on the movement in PTiCe of residential property and
the age of the person occupying the property.
If investmcnt properttes had TJOt been r¢valued, their historic cost would have been £1,651,492 (2020..
£1,651,492).
Fair va]ue at both l January 2021 and 31 D¢cember 2021 is represented by valuation.
11. DEBTORS: AMOUNTS FALLINC DUE wrrHIN ONE YEAR
2021
2020
Trade and other debtors
PTepayments and aL¢Tued income
47.239
14,302
4,750
50,737
19,052
12.
CREDI'foRS: AMOUNTS FALLING DU£ WITHIN ONE YEAR
2021
2020
Taxation and so¢sal secllrity
Orher creditor$
5,832
187712
4,096
359,706
193.544
363.802
Within other creditors is £31.125 (2020.. £32,556) relating to deferr¢d illcome in resp¢¢t of rental income and
£146.62012020.. £320,650) relating to committed donations.
Page 15
continlled.-.

ELLIS CAIIIPBELL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEARENDED 31 DECEMBER 2021
13.
FINANCIAL INSTRUMENTS
2021
2020
Financial assets measured al amortised cost=
Included wsthin debtors and cash at bank and in Imnd
1.124,335
1.025.520
FlI￿ncIal liabilit1¢5 measur¢d at amortiscd cost..
Included wirkn"n creditors
187,712
359,706
14.
MOVEMENT IN FUWDS
Net
movement
in fund5
At
31112121
At 111121
Unrestrirted fund5
(ieneral fund
3,162,202
1,277.526
4,439,728
TOTAL FUIYDS
3.162 202
1.277 526
4,439.728
Net movement in ￿ttd$, included in the above are as follows..
Gains and
losses
Movcment
in funds
Income
Expenditure
Unre$trirted funds
General fund
1.148,462
(59.191)
188.255
1,277,526
TOTAL FUIYDS
1 148 462
188,255
1277,526
Comparatives for movement in funds
Net
movement
in funds
At
31112120
At Iiir20
Unrestricted funds
General fund
3.078.145
84.057
3,162202
TOTAL FUNDS
3,078.145
84,057
3.162,202
Page 16
¢ontinued...

ELLIS CAMPBELL FOUNDATIOF4
NOTES TO THE FINANCLIL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2021
14.
MOVEMENT IN FUNDS- contlnued
Comparative net movement t* funds, includ¢d in the abov¢ ar¢ as follows..
Gains and
losses
Movement
In funds
Income
Expenditure
Unrestrlcted fullds
General fund
658.586
1663.0901
88,561
84,057
TOTAL FUNDS
658 586
663 090)
88,561
84.057
A CU￿ent ycar 12 months and pritsr year 12 months combined position is as follows-
N¢t
movement
in funds
At
31112121
At 111120
Unrestricted funds
General fund
3,078,145
1,361,583
4,439,728
TOTAL FUNDS
3,078 145
1,361583
4.439,728
A curr¢nt year 12 ]nonths and prior year 12 months combined net movement in funds, included in the above 8re
as follows..
Gains and
losses
Movement
in fund5
Income
EXpendill￿e
Unrestrlcted fynd$
General fund
1.807,048
1722,2811
276.816
1,361,583
TOTAL FUNDS
1807 048
722
276,816
1.361.583
15.
RELATED PARTY DISCLOSURES
The following donations have been received frotn ¢tsmpanies controlled by the trustee5.
2021
2020
W & H Elliotts Limited
Urban Depot LiTnited
Sol¢nt Land Investtnents Limited
Ellis and Sons (Southern) Propety ffivestments Limited
EconoTlliC Property Investments Ltd
Bitstall Land Irlveslments Li￿lted
350,000
650.000
350.000
30,000
50,000
20,OOU
25,000
During the yeai to 31 Decernber 2021, the chariry received a dollation of £Nil (2020.. £25,000). including gift
tid, from Mr8 L G Montgomery. a trustee of the charity. Nn conditions were alla¢hed io ofj the above
donations.
Page 17

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
ELLIS CAMPBELL FOUNDATION
Opinlon
We have auditeit the financial statements of The Elljs C¥wbell Fouudation (the 'charity') for the year ¢
31 December 2021 whi¢h comprise the sta￿ment of FiJJan¢ial Activitie4 the Balan¢e SheeL the Cash Flow Statelnent
and notes 10 the financial sraiements. including a 8umn)ary of significant acc4)unting policies. The financial reporting
fratnework that has been applied in their prepaNion is applicable law athd United KithgdoTll Accountin8 Swidards
(United Kingdom G¢nerally Accepted Accounting Practice).
In our opinion the fD￿nti&l statements".
give a and fair view of the state of the charitys affairs as ai 31 De£ernber2021 and of its income and
expendiluFe for the year then ende(L
have been properly prepared ill a¢¢ordance with United Kit)gdom Generally Accepted A¢¢oullting Practice. alld
h&ve bttn prepared in accordall¢e with tbe requirements of the Ch8n"ts"es Act 2011.
Basi$ for op1￿50￿
We conducied our audit in 2eeordance with International Standards on Auditing (UK} (JSAS IUK}l and applicable law.
Our responsibilili¢s under those standards are fimher dwibed irj the Auditors. responsibilitie5 for the audit of the
financial stat<￿ellts secu¢x) of our retK)rt.
We are independent Of the charity in accordance with the ethieal
¥¢quiremettts that are televallt to our audit of the fmancial stsiem¢nts in the UK including the FRC'5 Ethical Standard,
and we have fulfilled our other ¢thr'cal T¢sponsibilities itl aecordance with requirements. We believe that tbe
audit evidellte we have obthined is sufficiem and approptiale to provide ab&sis for our opinioll.
Conclusion$ relatitiE to going eonce
In auditing the financial Sta￿ments, we have concluded that the tntstres, of the going con¢em basis of accounting in
the preparation of the financial staiem¢nts is apprtspriate.
Based OD the work we have performed, we have not 1dent1fi￿ any matetial uncertainties relating to events or tondition5
thai, individually or collectively. moy cast Significant doubt on the ¢hariWs ability tt> continue #s a going con¢ern for a
period of at leasi twelve months frow when the financial Sts*mem5 are authorised for issue.
Our res￿nSibIlitieS and the rcspowibilities of the trustees with respect to going Concern are described in the relevant
sections of this rep)tL
Other informatio
The twstees are respo1￿1b1¢ for the othtt iDforn)atioll. Th¢ other illformation comprises the infomiation included in th¢
Annual Rep)TL other than the fjnancial $tateuLents aDd our Rep)rt of the IndqKJdenL Auditors thcreon.
Our opinion otk tbe financial Statements does not ¢over the other ]Dforniation except to tbe extent othetWi5e
explicitly ststed in our rqK)rt. we do noi express any form of assur2we conclusion ther￿n.
In cortnection with OLtr audjl of the fujantial ￿teMenty our responsibility 15 to read the other informatiOTt and. in doin
so. consider whethcr the other infomiation is materially inconsis*ni with the fllJanci#l $￿ternents or our knowledge
obtained in the audit or otherwisc appears ttb be materially misstaicd. If we ideniify suth inwn5i5tencies or
apparent njaierial ￿lsstateMents, we are required ro detemiit]e whether this gives rise to a material ￿l$State￿ent in the
financial statemeDts themselve5. If, based on the work we bave perfoTmed. we conclude that there is a material
missratement of this other irJforMatio￿ we ate reqUI￿j io rwt that facL We have nothing to report ill this regard.
Matters on whlelt we are requlred ts report by ￿CeptiO
We have nothing to report in respect of ihe following matters where the Charities (Accounts and Reports) Regulations
2008 requires us to report io you if, in our opinion..
the inFo￿tIon given iti the Report of the Tn]stres is inconsis*ni in any mat¢rial respect with ihe fjnancial
statements" or
sufficient accounting ￿ordS have not be¢n kq)t" or
the finan¢ial statements are not in agreement with the accounting records and r¢turns' or
we have not rEceived all the inforjnation and explanatiojjs we rquire for our audiL
Page 4

REPORT OF THE INDEPENDEf4T AUDITORS TO THE TRUSTEES OF
ELLIS CAMPBELL FOUNDATION
Re5POll5ibilities of trnstees
As explained more fvIIy ID the Statement of Tr¥]siees' Responsibitstie& the are responsible for the preparation of
the financial sthiement$ which give a and fair view. and for such internal control as the trustees dderniine is
necessary to enable the preparation of finan¢ial Siatetnents that are free fro¥n rnaieriai misstatement. whdher due to
fraud or error.
Jn preparing the flnancial ststetnents, th¢ trustees are r¢sponsible for assessing the charit￿1 ability to continue as a
going concem, disclosing, &s applicable. matters related to going concern aud usillg the going concern basis of
accowiting unles5 the tsiJ$t¢¢s either ithtettd to liquidate the cbarity oi to cease operatiolls, or bave nL) realistit altetnatiye
but to do so.
Our respollsibilities for tbe #tsdil of ihe fin￿¢1#1 st%tsmeBts
W¢ have been apw)inlcd as auditors under Se¢tion 144 of the Ch2fiiies Act 2011 and rep)rt in accordance with the Act
and relevant regulations made OT havirkg effeci th¢￿under.
objectives are to obtain reasonable agsurntsce about whether the financial ststcmetits as a whole are free froTll
tnaterial misstatement, Wheth￿ due to fr2ud or error. aDd ￿ issue a Rew)rt of the Independent Auditors that include5
our opinion. Reasonable &ssurattce 1$ a lll.gb level of &ssuranc¢. but is not a guaramtee that an audit conducted in
*¢cordance ￿th ISAS (IJKI will always deteci a material tni&%ialement when ir exists. MisStaiemen¢s can arise from
fraud or error and are eonsidered material if, indiwdually or in the a&gregate. they could reasonably be expected to
tntluen¢e the econorni¢ decisioDS of users tsken on the basis of these fbnancial ststements.
Itregularities, in¢luding fraud, are instances of llon-compli3n¢e with laws and reglllations. We dcsign procedures in line
with our r¢spts]tsibilitics, outlincd aixjve. to detect m1s5th1ell￿ts in r¢sp(Yt of illEgul8rities, including fi3ud.
Our approwh io identifytng and assessing the risk5 of materia] mi5Statetneni in respect of inr8ulariue& including fraud
and non40mp]iance wilh laws and regulations. was as follows".
* the engagement partner ensured thai the eDgagemeDt wm Collectively had the awropriate cornpe*n¢< capabilities
and skills to identify or reco￿lse non-cornpliance with applicable laws and regulation5.'
we identified the laws and regulations applicable lo the ¢harity through discussions with management and from our
experienc£ of the charity seetor.
we focused on specific laws and regU￿￿On$ which we considered rnay have a diTe¢t material eftect 00 the financial
stst¢ment5 or tbe operatiolls of the ¢TrMrity. including the Charities Act 2011, dara prot￿tiOn. anti-bribery.
environm¢ntal and health and safety legislation:
we &8sessed the extent of complianc¢ with the laws and regulations identified above through making enquiries of
nL2nagement and inspectit)g legal co￿esPOndenCe,. and
* identified ]aws and regulations were ¢¢)mmuthieated within the audit team re8ularly and the team rcmajned alert to
We &8sessed the SU￿c?t1bIlity of the ¢haritys financial state]nents to mat¢rial thi￿&￿￿]en( including obtsining an
llnderqr8nding of how fraud might occur, by:
' making enwirÉes of managemellt &$ to where they eonsidered there w&8 susceptibjlity to fraud, their knowledge of
actual. suspected or alleg￿ fraud: and
considering the irttejnal controls in plac¢ ¢0 mitigate risks of fraud a￿j
non-compliance with laws and regulations.
To address the risk of fraud tbrough maDagement bias #Thl ovetride of tontrols. we:
perfornjed an￿ylICal procedures to identify aDy unusual or unexr*cted relaiionshi
* tested journal entrie5 to iderttify unusual transactions..
￿￿eSsed wheiher judgements and aswmptions made in det¢m]inillg the accounting estin￿leS set out in note 3 were
indicaiive uf pvtrntial bias- at)d
investigated the rationale behind signifi¢ant or unusual
Pa8¢ 5

REPORT OF THE INDEPENDEf4T ADI)ITORS TO THE TRUSTEES OF
ELLIS CAMPBELL FOUNDATION
In response to the risk of irregularities and ￿01￿cOMpli2￿ce wilh laws and regulats"on& we des'iglled PrI)¢eth￿S which
includ¢1 bul were not limited to-
agreeing fitwicial ststem¢nt disclosures to UDdcrlying supporting d(Kumelltation;
reading the minutes of Meetings of cbarged with govetnance: aNI
enquiring of mana8emetst ¥ lo actual and potential Eitigation alld claim&
There are inheteni limitatÈons in our auth"I Pr￿e￿jU[c5 described obove. The more retTW)ved that laws and r¢gulation$ ate
from financial tr￿actionS the le&s Itkely li is that we would beujme aware of nthj-compliance.
Auditing standards also limit th¢ audit prn¢edures required to identify non-compliance with laws alld regulations to
enquiry of the trustc¢s aDd other rnaDagemeut aud inspection of regu]atory attd legal corr¢4YODdence. if any.
Material missrate]nents that arise due to fraud can be harder to detect than those that arise from error &s they may
snvolve deliberate concealment 01 collusion.
A fi￿er des¢ription of our responsibilities for the &udit of the fitwicial statements is I￿ated tsn the Financial
R¢poning Council's web*"te at www.fr¢.org.uklauditorsreswnsibilities. This description fomis port of our Report of the
lttdepeknt Audits)rs.
Use of our report
This report is made solely to the clwity's trnstees. as a tr￿, in &cordance with Part 4 of the Charities {Aceount$ and
Reports) Regulations 2(M)8. (￿￿ audit work has been undettsken so that we might stale (o the charitys trnste¢s those
matters w¢ are requiTed to statr to theTn in an audiiof5' rq￿rt and for othei purpose. To the fullest exient perniitted
by law, we d(> not accept or asswne re5POnStbili¢y to anyone other than the chariiy and the charitys trustees a5 a body.
for our audil worl for this re]W OF for the opinions ￿ have formed.
Chrisiopher Miri8hiott (Senior Stathtory Auditor)
For and on behalf of Harold sha￿ Limi*d
Registered Auditors and Chartered Accountants
EITgible to a¢t as an auditor iti ternjs of Section 1212 of the Companies Art 2(
5 Brooklan¢Js Place
Brooklands Road
Sale
Chdshire
M33 3SD
Date..
Page 6