Youth Highland SCIO Scottish Charity SC027712 Annual Report & Financial Statements For the Year Ended 31 March 2025 Trustees Annual Report For the Year Ended 31 March 2025 Th• IrL6t￿ hav• pl•agJm Ill prewitiry r8Fort Iowhw tré staT•finènts and tm Ind•D•￿01)t èxamirbwb r•kKYt ICK y￿r on grch 2025. 31 Refeffjnee & Administrative Inlom)ation Charlty NaftMTr y￿th Sco•Lgnd SCIO Charlty Numb SL02i112 AthJr•gs The Pillar 8¢x. High Street. C•'r¥Jw*l, FIoss-Shif•. IVIS 9HA nii 31 March 2025 Chair Vice Chwr So¢r•i4ry Structure Governance & Management Constitution The char5ty Is a Scottish Char￿table 1ncorporateof Organisation ISCIOI. 1t was officially wsstered In its curreff11egal lorrn on 30 April 2014. The Cha was p￿viOuSlY a Company Limiiee by Guaranièo govèrnéd by It5 M8rnorandum and Articles ol Associaiion. Thè Chanty has a sIng￿e tier structure 85 such the trust8es ar6 the rnembèr5 of th8 chanty The trustees. who make up the charity s managèmènt committèa. mèet regularly around once month. Memtrersttip ol the management committee Is open io anyone over 16 who has been n￿inated for membership by an unincorporaled organisation or any corporait body who suL)scnbès io thè purpos8s of thè ooanisation and wishes to see them fulfilled. Th• abjectlv•s of the Charity af¢'. The advancement of community ¢evelopment and education through the dev8lopment an¢ delivery ol programrnes of social 8ducalion for young people. The supkx)fl ol aftiliat8d youth groLJPS and club5 In the Highlands lo enable young ￿)￿le io ￿tIVelY p8rti¢ipatg in their cornmunities. To advance education through providing support and training for adults who work with young people In affiliated youth groLJPS and club5. To Ihè provide and organis8 recr8ational facilities for young people through affiliated youth groups and clubs in the Highlands. Our Wision An ernpowered. diverse, innoVat￿Ve and collaborativ6 v&untaty youth sector, working towards bèst ry)ssible OLrtcO￿￿S for Highland s You￿ F)aopIè. Our Missic Y015th Highlarld supports a network of voluntary organisations and groups to hglp young s)•ople io bring about Fx)SIti￿ chal￿9 In thèir livès and ¢(ynmuniti&s u&ng youth work rnethods and principles. Our Value8 Collaboration We ¢evelop sirory working partnerships wilh Other organisations and projects working to Improve opportunities for young people. Ernpow8rm8nt We providè young F)eople, volunteer5 and youth workers with opportuftitiès to gathèr skills and rnake FX)Sltive things happen within their own li clubs. (Kganisations and wider commLJnitl8S Inclusion We work lo ensure the ri9hls ol all young pwple, ￿ardlesS of backgroijré. race. gender. a9e. Uisability. feligion or sexual orientation We will enabl maximum participation 10 ènsure Ihè contributions of mar9inalised groups are mei by allowing the voicès ol all young twplè io bè hèard. Self D8i*rmination We encourage young p80plè to devdop opiniws and Ideas ane to b8 actively Involved In &nabling positive changè In itrwir communitiès. Life Long Learning We work with young people, Volunt￿rS and paid WOfk8rs to develop skills and confidence in delivering quality youth wort( and CLD. Our Strateglc Aims 2￿22- 2027 Youth Highland continues io work to Ihe alms set out In our organisation's strategy This Includes the conlinLJed supporf of Ihe Voluntary Youth Network and Area Youth HUB struciure This strueture enables us lo develop and deliver work using a CLD approach with a focus on enabI￿flg empowerment ol cornmunily based youth clubs line with the Highland Gouncil Community Planning Partnership Slructure This appro8ch enablès us lo continue lo encoura9e comrnunity led youth groups lo be Involved In local and region81 decision rnaking structures and lo be recognised as valuable partner5 In the delivery ol essential outcomes In communities across the region Our new strategy sets out how we will Jelivèr our 4 main areas of work which are. Young people Mern￿r clLJbs V¢Suniary sactor Buil¢ing and devdoping strategic partnèrships to Increase influence an¢ comrnunily empowomieffl We will be beginning a Strategic review in 2028 in time to launch our new strategy b8lorè Jan 2027 Slgnlfi¢ant #u¢¢•ssg• In 2024 - 2025= Youlh Highland continued to supp)rt [￿rnber dubs and area yOLrth HUBS. retaining a hBh number ol rnefnber clubs and coniinuin9 10 encourage and support Ihè continuation of Ihe area HUB Strateg￿ model In Ihe voluntary youth sector In Highland There was raisèd Awareness ab)ul the Volunlary Youlh Netsvork antj the Area Youth HUBS amorosl decis*Jn and F(*IKy akers Increasing the Inlluence ol The volunlary youth sector at decision makiro lables A main leature ol our cuireni strategy Is the devek)pment of youth participabon and VO￿ This was a key area ot 9rowth in 2024- 25 wrth Youth H1ghland t*ing a key partner In devekjpment ol the children arKt young swples parbcipaton strategy with H¥Jhland Council and 81so seeing increased opp)nunii*S for Youth H￿hland to leaLJ on youlh consullations and research locally and regsonally. We ¢tsntinued 10 SUPPOrt developments In Merkirth and South Kessock and were a key part￿r in a partsopatory btxlgetrr¥J pro￿55 In that cxjmrnunity which tocused on engaging local 9roups In delivering Outcomes al*gned with young peoples Priorities lor Improvement which we had helped Ihem to idenbfy in 2023- 2024 We led In a number ol significant youth consuiiaDons wh+cn will Inform develOpm￿ts linked with èmployakn.jity and training. Inlrastr¢Klure and the provision ol sale spa¢Ès lor young people across tre regv)n We look a large group ol young voluntèèrs to the Belladnjm Festival during the summer and supported Ihem to lead yojth work aefrvibès for children. lamilies and young people Youth Highland Is cornrnitteo lo raising awareness of and IMwo￿r￿j stsTh18fd ol yOLth work as a t￿leSS1Onal practic* and we worked hard in 2024 to womote 8fKI (leliver a tull range ol youth woth and CLD training io member clubs and pathèr organisabons Whero are w• head•d? Our aspirabons and key actions continue ty be tocused on". LEAOERSHIP.. We will suppjrt young peop18 10 be me8ninglully In¥￿Ved arKI lea(Jing in ktal demc¢racy and decL%￿)n making PAATNERSHIP.. We will help youThJ peO￿t and YolLtntsry or9ani$8tions to be viewed as equal partsiers In planning. delivery nd evaluation processes We fecognise that tO9ether we can SUPkKJn eamy Interventson and reduce the nurnter ol youNJ peop￿ In crisis and enatle test outcomes for young people EMPOWERME￿.. We will suppjn young and vol￿tary organisatK*ns to be actively inwjlved and *ading In local democrabc processes and deosion makir%J. STANDAROS- We will support Improved professional standards wilhin the voluntary youth sector and enable Ihem to deliver excal￿nt CLD and youth work UNIVERSAL OFFER.. We will work to ensure thai e￿ry young person In N￿MIa￿d has acces5 to a high qualty comrntsnity led universal youth work lacilsty ofteTirvJ a variety ot ￿arnIng aThJ activty ¢tK) DIG￿AL.. We will develop a coheTern dKJrtal learning platlorm aTrJ showcasmg space lor youth work- ènabliNJ improvement and change. Strntrylc Acllons and Orlv•rs'. Youlh Highland continues to locus on strenglheniThJ Ihe sethor and delivenng outcomes in line wrth the VYN youlh work Improvernent plan Wè continue to work hard lo ensure Ihe work ol our mèmt*rs and widei nehvork Is recognised and valued in regional plans and strategies Induding youth work CLD. Integrated Ch*ldrens Sefwces and In the new HighlarKJ Outcome lrnprovernent Plan. We contynue to work with key stakehohyers to help negoliate relabonships with ststuiory partners wilh a focus on incrèasing comrnunity ernp)werment and Olher wliey dnver5 Th*$ rèlationship rernains challenging lo engage in and we need support lo ensure that our fole enhances and supp)rts rx)sitive outornes in communities. Collatson and presèntation of key data around our work will te Imwrtanl In enatAing ￿SItiVe discu55Kin$ 8rbd valL*d partnership be￿een Youth Highland and the Voluntsry Youth Ne￿Olk and key slatutory partners Hisk Manog•m?nt The Iruslees have assessed the major risks to which the charity is eX[￿se￿ and are s8bsl*d thai systems arè in Pla￿ to mitigate exposure to rnajor The trustees have a duty to Identity and reV￿W the risks to which charity ts exwsed and to ensure approwla￿ controls are in ￿ace to provide reasonatAe assurance against fraud and error During Ihis year risk management ha5 conbnued to tlay a mapr ro￿ In the day to day runnirrfj ol the charrty At Ihe end hatl of this Iinancial period the Board of Trustees regularly discussed Ihe ￿lIentral of needing to rethJ¢e thirs or issue redundancy notices to members ol staff as a resuh ol extremè finar￿181 pressures Howev8r. wè came Into thè new financial y&ar12025- 21Y261 In a signilunly stror4Jer linanck81 kKJSltion and with a focus on developirrfj a lutvre funding anij Income ger￿ratson strategy wh￿￿ would focus arKI prK)rity lor the financial viability and stren9lh ot Ih? organ138tion rather Ihan 0￿r member c4ub3. This Is a reco9nibon thal If Youth HighlthT¥J Is strong we will be able to better ensure the strenglh and sustainability of our merntrer club5 In communibes isks. R880rve8 YoL4th Highland has a contsngency account whth hO￿S unrèstrtteil IiJr%1s which can be Lbsed io help meet any cornmitrnents should the charity have to cover unexrxted expenditure The conbrMJency account also holds funds In order to Sup￿)￿ costs related lo closing the charity If required The conb'ngency balan￿ is currenuy £14 955 There were receipts amounbng to £362 10 th1s accounl In this h"nan¢ial Fenod. this Is for bank interest Youth HKJhland are ¢ommffted to deliv&ring high quality ovlcomes at tost value for our ftJndeTS. Inves￿r$ and Stskehok1ers The tAJlk ol Youth Highlands Income comes from project tunding. Therelore. Ihè Ma￿rty of Youth HKJhlands cashfk)w Is restiictèd and Is requirod to spènt on very agreed costs Wh￿ I￿1p lo deliver yoJe¢t and organisatsonal Drionlv outcomes However, Youlh Highland recognises the Importance of hawThJ a reseryes and Iinancial conbngency ptans to enable the organisabon lo te a￿e lo respond io any uneiwed swrM1 Thi$ Is parb¢ularly ImFx)rtant In Ihe curyent (ry)iry chal*ngir4J financial situabtsn h￿ch has Inci(KJed a lack ol granl suryort from the Local Authortty lor Voluntsry youth work since 2015 Continued and ongoirYJ pressuie on the funding landscape for voluntary youth work In HKJhland Means It Is eSSen￿al that Ihere is con*'nued oversi9hl of Youth Highlantj Iinancièl slability Trus1886 undorsland Ihat Youlh Hghland nefjds w iwoas4 thè conting•)cy balance w provth I￿reaS0d finanoal security In such financially challenging tsrnes Initsally there should te a tocus on Incre￿ryJ this lo ai *asi £24.000 with On￿n9 work to further Increase reserves to strengthen Youth Highlands tinanoal sÈcurity Movement• and Porformanc• 8uilding Our Headquarters in Dingwall contsnue io be Ouf registered r*effli￿s stsff hytsitt wortirKJ patterns and work Ifom their homes and from th ottice The building requires signif￿ant Investhièni to Improvè energy eflioency and actxss afKJ Ihe trustees ¢onbnue to regularty consider this SI￿atiOn The ￿ard ol Directors have decided that we need to move oui ol our current p￿miseS 8$ the burk1ing (S)es noi pro￿￿e us with space or servTrces reqLJlfe We have wsiièd several 8tternathve wemises but have not found a cost ellethve atternab¥e whth meets our needs We will continue 10 consider alternatrve [￿eMISes. embership We have seen a signiftant rise in memb6rship and havè a hvjh nUrnL￿r of t>)mmunfy bas8d yOLrth clubs In HKJhlar%J compar•J to oit*r LLxal Autt)or areas acioss Scotland We can evidence a growth In W &n¢J an inerts4s8 In youth 3es3h)ns. youlh volunteerir8 8ryJ youth achie¥ement as a result ol our Work. The VYN m is enabling communily weallh building Finances OUT own financial situation rèmains extrernely challenging with lirniied tunds trom local authonty grants Impacbng on Ouf unrestricted antj core funds There have teen somè opportunities to gain small project funds from Highland Counul. t￿1 proieet work irKreases the ryess(trtr on Youlh Highland a member Clubs and Is not a sustainable financi81 solubon In ¢he long term We have conbnued to ty and present Ihe work of our members as valuable and posi)ve and encourage staDJiOry partners to r￿nise our ￿e￿Ork equal and vital partner In the delivery of youth work In Highland It seems that our membèrs are being recognised and valued. Youth Highland continue$ 10 struggle to t* reco9nised as Important In an Interrpediary capacity. Standartts We continue to work hard to worn0￿ good practice In CLD and youth work lo our team. OUT mÈmt*r clubs. our panners and local decisK)n makers a influencers We recognise conthnued improvemeni as essenth.al In trnabling the trest outcomes lor Hwjhland s children young people farnilitrs and communrties Impioved standards will also be an Imponant tactoi In enablin9 US to negotiate better 8rK1 morè sustainable terms with lunders and stakeholders In I coming financial year We ¢OMinue to hokl our CLD Stsn¢Jards mork we inibally attaine othèr rgmun8f*ion was paid to the trusie8s or t any connected persons cjunng t*e year12024125.. Nlll No travolling expens8s wer8 paid to any trustees dLJnng the year due to Fneetings baing conductèd by video confèrencing. lasi year's expenses 12023124.. Nill. Unre5trct Fufid5 RoStriCI Y•or •nd•d 31103125 Year Ended Jln3Q4 4 Grants Re¢eived Highland Council - SL4 Highland Council - Community Bggenwation Fund Highland Coun¢il Image ol YoLrth Highland Council Inspiring Young Voices Highland Council Employabilit HighlarQ Council - Bnghl Ideas IHTSII Highland Council - C&YP MH&WB 2024 Highland Council - Proiect Awesome Higttland Council - Safe Spaces Th8 Robertson TrLJSt 13,435 13,435 13.435 8,564 950 3,120 5.400 500 3.000 17.700 17.71KJ 10.000 10,D)J 38.000 27.500 Impact Funding Partners lrnpacl Funding Partners- Phase 2 Brora Development Trust Comic Rèlief Grant 231831 270 270 12.958 10.476 10.476 1.250 2.730 Gomic Relief Grant 231912 1.900 Corra FoundaiiDn Young Grant Makè Highland Third Sector Interfacg - Young Grant Makers Highland Sector Interface - Brigttl Ideas Scottish Gov8rnment - Merkinch Cornrnunity Partnership P2 Youth Scotland 2.287 36.300 10,000 10,000 1.000 51,435 41.946 93,381 137,394 S Re¢eipts from Charitable Acti¥btl•s efund&re-Imbuwmen:s Fynds Fund5 311(ly¥J 31N)Y24 Membe￿hIp Fees Training Incomè Consultstion Incom• 1.715 1,715 2.135 426 426 14.125 14,125 Activity Delivery Income Shopify Athivity Income Other Income 300 157 157 71 122 40 16,844 16.844 2,246 e Cost of Charftoble Activlti•s Siatt Salaries Staff Pensions F￿*1￿$ 31IW2S 31ffjy24 61.651 37.090 98.741 111.754 1.840 1,020 3,126 2.373 Staff Exp8ns8s Staff Att•n<*an￿ at Ev•nts 162 Staff Training PVG Costs 75 75 72 Volunteer Exp8ns8S Young People's Expenses Activiliès ExponwJ Evont E/pens•s Equipmont & Resources Vèhicle Hire 1,312 550 500 157 4.470 5,904 3,055 8.706 81 2.919 3,IX11 Venue Hires 344 Charitable Donation￿GrantS Giv•n Offk8 Expan80S Heat & Lght Rent 1481 31.863 419 2.052 15511 727 554 1,622 727 727 Fl8fuseMast• 275 275 220 745 336 1.cel 2.292 Memb8rship Charg•$ 35 118 114 65.456 48.577 176.328 Y•ar •nd•d Y9ar End*1 31m￿l 7 Gov•rn8nc• Cost8 Trustees Expensos Bank Charg•s Insuran Funtts 10 458 Accountancyl8ook-kseping PFof8Sgonal Fees 2.251 2.251 3.768 2.719 2.719 4.469 8 Transfers be￿••n fund$ Any Internal movament In funds We￿ agreed by the appropnaté fLsnO ¢jo￿S and warè usad for stalfing costs. Transl•s Transf*s Transfers Petty Cas Bank CuTTeni Lknf8StrCt•J Unrwnct Acc4)unf & & ReStr￿•y & Aestfttt￿ Petty Casn CUrr￿t Aceourrt 1 01rt)4Q4 U¢byTent t 31 Untssinct8d FurKtS Flestncted Funds 45.875 16.6311 39144 53.461 15.6321 47 Transl Tr4ns1•5 Bank Transfws Current AtoIA)Ir24 &R8Strtt•J &RestrtW P*tykn A131 Unrestrict&J FuThJs 14.fa3 14h05 RoStnct*J Funds 14. 14,195 Transf•3 Current Accounl & 01n)4￿4 Movwneni Translws Polty Cash At 31103125 P•tty Cash Unrestrict&J Funds 42 13 Restncted FurKts 42 13 T?nsl*s Petty Casn Unre5tro Movwn•)t & Restrel funa$ Unrystnctoo & Re￿￿eL￿1 R•¥tr1￿￿d Funds - Curyent Account Al 01ffj4124 AI 31103r25 Bnght Ideas IHTSI) C&YP MH &W8 2024 (HQ Employability - Aim High Highland Ca￿S - Youth Work Image of YtyJih - H.Coun¢il Impact VolLJnt8er5 Impact Volunteèrs Phase 2 Insynng Young Voices Lottery Community Change Makers MerkitKh Community Partnership - Phase I M8rkinch Community Partnership - Phase 2 Merkinch Wayparl< Prt)1OCi Awèsome Safe Sp￿e$- Safe COnsAJltaii(￿ IHCI Grant Mak8f5- HADP. HTSI & Corra 7.517 518 5.394 12.7861 402 1251 11.08n 197 377 950 113n 7￿• 7.219 7219 13791 (8.8851 2.057 12.05n 15.077) 15001 17.177 10) 4.374 9.452 soo 17.177 3.106 3,1 (9.5321 45.87$ 16,6311 244 10 Ir￿rning Rosour¢es R88ourc88 Expended 17,5001 N•t Mov•m•nt Not Mov•m•nts - Curr*nt Ac¢ount Bnghl Icseas IHTSII YP MH &W8 2024 IHCI Employability - Airn High Highland Care5 - Youth Work Im￿8 of Youth H.Council Impact volunt￿rS Impact Voluntaèrs Phase 2 Inspiring Young Voicos Lottèry Community CtrTrange Makeys Mertinch Community Partnorship - Phase I Merkinch CthTmvnity Partn8Wip- Ph8s0 2 Mèrkinch Pl#yp8rk Project Awesome Sale Spacgs - Sale Consultation IHCI Young Grant M8kèr5 - HADP. HTSI & Corra 500 .¢Jx)I 3,000 12.7861 1251 11.087) 1731 13,25 13791 18.8851 12.057) 15.0771 15001 15231 16.8941 19,5321 12,7881 1251 270 197 10.476 7,219 13791 18.8851 12,(K57> 15,07n 17.700 17,177 3.106 19,5321 i 0.000 Translws vlee funds UnrestriC10d TFan81811 pdty Cgsh Unr8yiricie(I Net Uovernoni A•strl¢t¢d Fund• - Potty Cash 8righl Ideas IHTSII C&YP MH &WB 2024 IHCI Employability - Aim High Highland Cares - Youth Work Imag9 01 Yoijth - H Council Impact Voluniears Impact Volunt00rs Phase 2 Inspinng Youno Voic•s Lottery Community Chango Makors Merkinch Community Partnership - Phase 1 Merkinch Community Partnérship - Phase 2 Merkirrh Playpar Proioct Awasom Sale Space5- Safe Consultation IHCI Young Grant Makors - HADP, HTSI & Corra Al 01104124 AI 3110Y25 Net Movements - Petty Cash 8rigttl Ideas IHTSII C&YP &WB 2024 (HQ Employability - Am High HIghlar￿ Cares - Ywth Wo Image ol YtyJth - H.Council Ifnpact Volunleers Impact VdLJnteers Phase 2 InS￿nn9 y￿ng Vol￿$ Lottery Gommunity ChaThJè Mak8r5 mark1r￿￿ Community Partnership - Phasè 1 Merkinch Community Partnèr*)Ip- Ph&5e 2 Mèrkinch Playpark Project Awesomt Sale Spaces - Sale Cth)sultation IHCI Youry Grant Makers - HADP. HTSI & Corra 9 Other Assets Iunrnstrfct￿ - Flxture & Fittings Dai8 PurCTh￿ Fixture & Fittings 14110115 27110115 2639 depreciation over 7 years with no salvage vdue. straight line rretrod a iJepr8csatson ￿￿nt oi r568 10 t* Cha0￿1 each year dunrwJ rt 5 ttsel(Jl life. 5112 wa5 thar9ed to year ontleé March 2016. ￿37 2PA10115 482 3975 Fixture 8 Fittings IfJ11115 258 258 depreciation over 7 yaars with ro s￿V￿je v¥uè. Siraigl)t line method a dèpreciation 8mount of £37 10 be cha@8d ep£h year dunry It's useful life. 4112 was char98d to year ended March 2016_ £12 Cost - FIx￿rn & Fittin9S 8/F from 31/03124 unrt*neé*i AeStriL1￿1 4.233 At 1 April 2024 10 31 March 2025 4.233 At l Apnl 2024 Charge for ye 4.233 At 31 March 2025 4.233 N•t Book Vakw. FEXtwe & Ffftkngs Ai 1 Aw+1 2024 At 31 2￿￿5 12 Date PLJrchas8d 10 Other Assets - Offlce Equipment Cost Office EqLJipment lunrestrictedl 813116 224 813116 299 depreciation over 5 years wilh no salvagè value. straight line method g depreciation amount of £305 to be charged ea¢h year during it's useful life. no Gharge to year ended March 2016 1013116 1002 1525 Off￿8 EquI￿nent - ￿stncted 2711117 329 depreciation over 5 Yéa￿ with no salvage value. straight line method a d8preciation amount of £66 to be charged each year during it's useful Iile. 2112 to bè chwg8d to year ended March 2017 - £11 oriice Equipment - Un[￿ncIed 181f420 2299 2,299 clopr8ciatlOFI OV8r 5 years with no salvagg valu8. straight line melho depreciation amount of £460 to be charged each year during It s us8lul Iile. 9112 to be charged to year andèd March 2021 £345 C05t- OffFeè Equipment /F from 31103124 unresiriet eslritte¢ 3.824 329 At 1 April 2024 to 31 March 2025 3,824 329 D•w8clatl¢)n At 1 Apftl 2024 Charge for year 3,250 460 329 At 31 March 2025 3,710 329 Net Book Value At 1 April 2024 574 Ai 31 March 2025 114 13 APPENDIX 3 Independent examiner's report on the accounts Report to the Chty nane tru8te•8lrnembern of YOUTH HIGHLAND SCIO R•gi•t•r•d charlty SC 027712 number On th¢ accounts of thè charity for Ihe poriod Pen¢xl start dale Period end dale knlh Ye Yeaf 01 to 2024 31 03 2025 Set out on page• 1to13 R•8pectlv• pon•ibilitiM ol tru•1¢￿ Ind •xamin•f The charrty s lfuslees are le8F￿nsIble for Ihe preparalion ol the accounts In armdance with the iefms ol the Charities and Trustee In¥eslmenl (Scotland) 2005 Ad and the Charil*s Accounts (Scotland) Regulatic￿5 2CMA (as &mende41 Ttr• charrty Iruslees consthr thal the audit requirement ol RegulaI￿rt 10111 Idl ol ihe Accounts Reoul8iions does not apply 11 Is my iespon&ts141y lo exarnine the accounls as required under section 44111 ICI of Acl and to slale whether particulai matters have come lo my attent Ba•1• ol independent My eXaMin*￿n is camed oul In accofd•rte wlh RegulalK)n 11 of Ihe 2CthS A¢£￿￿16 examln•r'• •l•t•m•nt RegUlaI￿n5 An examination Includes a re¥iew of Ihe accounting records kept by the charily and a companson of Ihe accounts wesenleo with Ihose record5 11 also Indudes cons￿eratiOn ol any unusual Items ¢y disdosures In Ihe accounls and seek$ explanations from the Ifuslees concerning any such matters The Procedures Ur￿ertaken do not provide all Ihe evidence that would be required In an audit and. consequenlly. I do not express an authl opIn￿n on the vth given by the accounts. Ind•pgndenl oxaminer'• In Ihe course ol my examination. no Matter has cthne lo my att8nlion lolh8r Ihan th81 •lat•m•nl disdosed ¢)n Ihe attached page'l whth gives me feasonable cause to bel*ve tr￿1 In any m*erial respect ltte Tequiremenis lo keep accounting fec(Mds In accordance ￿th seciion 441111al ol ihe 2CM)S Ad and RegU￿t￿n 4 of Ihe 20C6 Accounls Regulations aTrJ lo prepafe accounls acujfd wrth Ihe accountsng re￿rdS anLI ctynply valh RegulalK)n 9 of the 20C6 Accwnls Repulaiions have not been mel. or ., I i •n In ordw lo enable a propw Sign•d Name R•l•v•nt profe••ional qu•llfication{$l or bod lif any) 11? 25 Addre•• pa APPENDIX 3 Dlsclosure section Only complete rf the examiner needs lo highlvJht matenal problems Give here brl•f details of any item8 that the examiner wishes to disclose