OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-04-05-accounts

----- Start of picture text -----
.
----- End of picture text -----

_

|

)

,

.

Jack Foat's Trust

----- Start of picture text -----
.
|
----- End of picture text -----

Unaudited oo | | Trustees’ report and financial statements _ . _ Co SS ) - forthe year ended 5 April2021 = a -

r >

1

:

----- Start of picture text -----
)
----- End of picture text -----

Jack Foat's Trust .

Contents

: ; Page
Reference and administrative details ofthe Charity, its Trustees and advisers 4
Trustees’ report 2-3
Independent examiner's report 4
Statement of financial activities , 5
Balance sheet : 6
Notestothefinancialstatements 7-15

.

,

.

Jack Foat's Trust

,

.

,

;

‘ Reference and administrative details of the Charity, its Trustees and advisers . , - for the year ended 5 April 2021 ; OO | . Trustees - . : lan S Chandler , ; . AndrewJanine MWilkinsonVallack ~ ; . ; Gary Laslett Charity registered number - ; 1003312 : oe ; oo, Accountants ; . Kreston Reeves LLP oo - Independent Examiner's © . 37 St'Margaret's Street . Canterbury Kent , “CT12TU . a Bankers ; mo , CAF Bank - 7 | 25 Kings Hill Avenue. , Kings Hill West Malling . ; ; KentME19 4JD| ; oO . Solicitors ; : . Williamson & Barnes : 12-14 Queen Street , . Deal . Lo, ; ) _ CT14Kent 6EU . , . . Managing Agent . N Rooke BA, MSc, MRICS a - Amos Dawton & Finn . oo. 1 King Street ; 4 ; Sandwich Kent ; CT13 9BY ' a a

_ Accountants

-)

Paget

Jack Foat's Trust

;

,

,

,

Trustees' report

for the year ended 5 April 2021

The Trustees present their annual report together with the financial statements of the Charity for the year from 6 April 2020 to 5 April 2021. . : Objectives and activities . :

a. Activities undertaken to achieve objectives

The first form Annual report, for 1996-97, summarised the story of the Trust since its inception in 1989. This . year, as in previous years, this report deals primary with the Trust's activities during the year, but.also includes a summary record of what it has done since 1990.

' Achievements and performance

a. Review of activities

Covid-19 has had some effect on the activities of the Trust, due to restrictions on village organisation's ability to function during lockdown. However the Trust has been pleased to support the Ash Cartwright and Kelsey Schoo! in provision of funding for a ‘wellness room’ within the school grounds, and to replace a dilapidated gazebo in the play area. The Trust has also supported the Ash Heritage Group in the provision of funding for a website.

:

----- Start of picture text -----
_
----- End of picture text -----

b. Investment policy and performance

} | :

The Trustees investment policy is to keep enough in cash to meet their present and anticipated commitments and, subject to that, to invest their endowment to produce a regular and increasing income-stream.

The Trustees have reviewed the historic cost values of the freehold and investment properties and these are included within these financial statements.

.

Financial review

a. Going concern

, .

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. :

,

b. Reserves policy : The Trustees have reviewed the Trust's needs for reserves in line with the guidance issued by the Charity Commission, and against the Trust's present and likely future income, net of expenditure on it's fixed functional assets and administrative expenses. .

.

,

----- Start of picture text -----
|
----- End of picture text -----

: Page 2

|

|

oO oe

:

;

: Jack Foat's Trust ; , Trustees’ report (continued) . . for the year ended 5 April 2021 — me, ; - Structure, governance and management . os a. Constitution ) . Lo : The objects of the Trust are such charitable purposes for the benefit of the parish ofAshasthe . trustees in their absolute discretion think fit. , . : - b. Methods of appointment or election of Trustees | ; . The management of the Charity is the responsibility of the. Trustees who are elected and co-opted under the ; ' terms of the Trust deed. ; a - . c. Risk management - / , " i The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems and ‘procedures are in place to mitigate exposure to the major risks. a . mc , Plans for future future periods , )

, Plans for future future periods , ) . _. To support, within reason, any suitable project for the benefit of the Parish that is properly presented tothe Trust. Statement of Trustees' Trustees' responsibilities - ‘ ; : ,

Statement of Trustees' Trustees' responsibilities - ‘ ; : , , The Trustees are responsible for preparing thé Trustees' report and the financial statements in accordance with ~ applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). m a , a . - The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the stateof affairs of the Charity and of its income and . ‘application of resources, including its. income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: . . _@ select suitable accounting policies and then apply them consistently: mo, . e observe the methods and principles of the Charities SORP (FRS 102); , , e make judgments and accounting estimates that are reasonable and prudent; ° state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material ‘ departures disclosed and explained in the financial statements; . , ° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the ___' Charity will continue in business. SS 0 , The Trustees are responsible for keeping adequate accounting records that ‘are sufficient to show. and explain : the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity ~ (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of — fraud and other irregularities. | . “

: ~

;

Approved by order of the members of the Board of Trustees and signed on their behalf by:

—

----- Start of picture text -----
| S Chandler A _ - SO , : :
, Trustee oo =
Date: 25 October 2021 ) or,Page3 oo, - . ,
----- End of picture text -----

,

----- Start of picture text -----
,
----- End of picture text -----

| | |

,

:

:

; .

,

Jack Foat's Trust | So , ; oo 7 + Independent examiner's report ; "for the year ended’5 April 2021 - - . _ Independent examiner's report to the Trustees of Jack Foat's Trust (‘the Charity’) — . "| report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2021. oe Responsibilities and basis of report. . a : : As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the - requirements of the Charities Act 2011 (‘the 2011 Act’). ’ [report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and . - sectionin carrying145(5)(b)out myofexamination the 2011 Act.| have followed; the applicable Directions given by the Charity ,Commission, under . Independent examiner's statement - . co Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in a preference to the Accounting and Reportingby Charities: Statement of Recommended Practice issued on 1 April : 2005 which is referred to in the extant regulations but has been withdrawn. .

----- Start of picture text -----
,
----- End of picture text -----

| have no concerns and have.come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities” (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the Charity's Trustees those matters | am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

.

----- Start of picture text -----
“Signed: LR Phat sere oe Dated: 2 November 2021
MK R Dyer ACA MAAT a, ; oo oo
KrestonReevesLLP oe
Canterbury oe °
to, . Page 4 ;
----- End of picture text -----

.

,

) ,

.

,

, :

. 7

.

"

.

Jack Foat's Trust

Statement of financial activities . for the year ended 5 April 2021 oo,

Ce

.

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| ||Unrestricted|Total|Total| |;|a|;|;|,|*|funds2021|funds2021|-funds2020|©| |,|Note|£|£|-|€| |Income|from:|;| |investments|3|60,981|60,981|-|52,894| |Totaleeincome|7|.|60,981|60,981.|-|52,894| |Expenditure|on:|,|,| |Charitable|activities|4|35,182|35,182"|80,173| |Total expenditure.|.|35,182|35,182|80,173| |Net income/(expenditure)|before|net gains/(losses)|.| |on|investments|.|25,799|25,799|-|(27,279)| |Net gains/(losses)|on|investments.||142,901|142,901|(1 39,898)| ||168,700|168,700|(167,177)| |EE|eeeC_e| |Net movement|in|funds.|‘|oe|——| |‘|Reconciliation|of funds:|,|;|OO|;| |’|Total|funds|brought forward|;|2,458,846|2,458,846|2,626,023| |Net movement|in|funds|168,700|168,700|(167,177)| |)| |Total funds|carried|forward|an|‘|ee2,627,546|' 2,627,546|2,458,846| |The Statement of financial|activities|includes|all gains and losses recognised|in the year.|-|

----- End of picture text -----

The notes on pages 7 to 15 form part of these finaricial statements. _

.

oO

.

Page 5

e

.

)

,

,

Jack Foat's Trust

.

;

Balance sheet as at 5 April 2021

,
as at 5 April 2021 ae
2021 2020
Note £ £
Fixed assets .
Tangible assets 6 391,755 391,755
Investments 8 944,403 801,502
Investment property 7 797,745 ‘797,745
2,133,903 , 1991,002 ,002
,
Current assets
Debtors 9 7,033 5,170
Cash at bank and in hand 490,142 468,194 _
497,175 473,364
Creditors: amountsfalling due within one
year 10 (3,532) (5,520)
Net current assets 493,643 ‘467,844
Total net assets 2,627,546 2,458,846
Charityfunds. , _
Unrestricted funds 11 2,627,546 2,458,846
Totalfunds 2,627,546 2,458,846 °

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

le «We, | {.0)\ haQdercte— 1S Chandler . JM Vallack . Trustee : Trustee Date: 25 October 2021

,

The notes on pages 7 to 15 form part of these financial statements. ;

,

)

.

,

;

| Page 6

Jack Foat's Trust

,

| , . | | | , | | | ,

Notes to the financial statements - . , for. the year ended 5 April 2021 . 7 } 1. General information ° o 7 , ; _ The Charity is an unincorporated charity, registered in England and Wales, with the charity number : ; The1003312.principalTheobjectivesCharity'sofregistered the CharityofficeareasissetThe outPoplars,in the TrusteesLower Goldstone,Report on Ash,page Canterbury,2. °- CT3 2DT. | 2. Accounting policies a P | , 2.1 Basis of preparation of financial statements . . Co a The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - . 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), the Financial Reporting Standard ( ‘applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. ; ) . The financial statements have been prepared to give a ‘true and fair’ view and have departed from ; the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true a and fair’ view: This departure has involved following the Charities SORP (FRS 102) published in. October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been.withdrawn. : ; Coe - Jack Foat's Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. - : oo, 2.2 Going concern ' . a The Trustees assess whether the use of going concern is appropriate i.e. whether there are any’ material uncertainties related to events or conditions that may cast significant doubt on the ability of ‘the Charity to continue as a going concern. The Trustees. make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and _ have concluded that the Charity has adequate resources to continue in operational existence for the , . foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. : ; Whilst the impact of the COVID-19 pandemic has been assessed by ‘the Trustees, Ye) far as is. : reasonably possible, due to its unprecedented impact on the worldwide economy it is difficult to o ‘evaluate with any certainty the potential outcomes on the Charity's future activities. However, taking - into consideration the Charity's level of reserves, the Trustees believe that the Charity will be able to continue in operational existence for the foreseeable future. ; ‘2.3 Income | - a, - a ; : All income is recognised once the Charity has entitlement to the income, it is probable that the ; _’ income will be-received and the amount of income receivable can be measured reliably. , "Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. . ae oo oO Page 7 oe -

|

a ae

|

Jack Foat's Trust

; .

Notes to the financial statements for the year ended 5 April 2021

;

:

.

2. Accounting policies (continued)

2.4 Expenditure

. ; ,

. . ;

. .

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer , is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

2.5 Interest receivable

_

.

_ Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the _ institution with whom the funds are deposited.

.

.

2.6 Tangible fixed assets and depreciation

.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

;

;

:

Freehold property - The properties are not depreciated as the Trustees believe the value of the property is - ; worth significantly more than is stated in the accounts . :

,

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on : investments’ in the statement of financial activities.

2.8 Debtors

----- Start of picture text -----
i
----- End of picture text -----

Trade and other debtors are recognised at the settiement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. .

.

----- Start of picture text -----
|
----- End of picture text -----

Page 8

Jack Foat's Trust

,

,

Notes to the financial statements

;

for the year ended 5 April 2021

'

.

2. Accounting policies (continued)

.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

)

.

.
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer ofeconomic benefit will be required in settlement, and the amount
ofthe settlement can be estimated reliably.
,
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt orthe
amount it has received as advanced payments forthegoods
or services itmust provide.
Provisions aremeasured atthe bestestimate oftheamounts required to settlethe obligation.Where
the effect ofthe time value of money is material, the provision is based on the present value ofthose
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding ofthe discount is recognised in the statement offinancial activities as a finance cost.
2.11 Financial instruments
:
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised attransaction value and subsequently
measured at their settlement value.
,
2.12 Fund accounting
;		 ,
General funds are unrestricted funds which are available for use at thediscretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gainsand lossesare allocated tothe appropriatefund.
Investment income
Unrestricted
Total
Total
,
funds
funds
funds
.
2021
2021
2020
£
£
£
.
Income from investment properties
32,873
32,873
24,531
Dividends receivable
-
27,942
27,942
27,163
Interest receivable
166
166
4,200
)
:
60,981
60,981
52,894
Total 2020
,
52,894
52,894
©

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where : the effect of the time value of money is material, the provision is based on the present value of those : amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

2.11 Financial instruments

2.12 Fund accounting

‘

|

----- Start of picture text -----
|
----- End of picture text -----

.

PageQ

,

.

| |

.

Jack Foat's Trust

|

Notes to the financial statements for the year ended 5 April 2021 ,

:

.

4. Charitable activities .
Unrestricted Total ~ Total
; funds funds funds
' 2021 2021 2020
. £ £ £
Grants for charitable projects 18,333 18,333 45,640
Maintenance, water and sundry expenses.re. fields and .
orchard occopuied for the Charity's use ~ - 600
, 18,333 18,333 46,240
Total 2020 "46,240 46,240
)
Otherexpenditure -managementand administration of investment properties —
.
, ‘Unrestricted Total - Total
funds funds funds
2021 2021 2020
a
2		 £ £
. Maintenance 6,525 6,525 22,528
Agents commission and fees 5,463 5,463 5,710
Insurance: 1,399 1,399 1,417
Bank charges 74 71 60
Accountancy and independent examination fees 1,824 1,824 1,734
Water 1,208 1,208 176
Light and heat 67 67 190
Council tax . 292 292 2,118
, 16,849 16,849 33,933
Total2020 33,933 . 33,933

| |

.

Page 10

Jack Foat's Trust

.

;

;

.

Notes to the financial statements for the year ended 5 April 2021

5. Trustees’ remuneration and expenses Trustees’ remuneration and expenses Trustees’ remuneration and expenses Trustees’ remuneration and expenses
: During the year, no Trustees received anyremuneration or other benefits (2020 -£NIL).
During the yearended 5 April 2021, no Trustee expenses have been incurred (2020 -ENIL).
6. Tangiblefixed assets .
; ; Freehold
; property
£
. ,
Cost orvaluation ; .
At 6 April 2020 391,755
At 5 April 2021 391,755
Net book value an
.
At 5 April 2021 391,755
At 5 April 2020 391,755
7. Investment property
, Short term
leasehold
, ; . ’ investment
property
Valuation
At 6 April 2020 797,745
At5April2021 . 797,745

The 2019 valuations were made by the Trustees on an open market value for existing use basis.

,

_ Page 11

:

. ,

Jack Foat's Trust

Notesto tothefinancialstatements . ;
fortheyearended 5 April 2021 ‘
8. Fixed asset investments
Listed
investments
. £
Cost or valuation :
At 6 April 2020 801,502
Revaluations . 142,901
_ At5 April 2021 944,403
.
. Net book value
At 5 April 2021 944,403
,
At5April2020 801,502

.

Page 12

Jack Foat's Trust

. .

.

Notes to the financial statements the financial statements the financial statements the financial statements the financial statements :
for the yearended ended 5 April 2021 .
, Middle
market		 Middle
market		 Middle
market		 ‘Middle
market		 (Decrease) /
Increase in		 ;
price value price value Value
05.04.21 05.04.21 05.04.20 05.04.20 during the Dividends in
Pence £ ~~ ~Pence £ year the year
Relx pIx Ord 14
51/116p :
' shares -
4,986.00 - 1,835 91,943 1,687 84,049 7,404 2,279
Unliever ord
3.11p shares
. 3,535.00 4,022 142,178 4,037 142,708 (530) 5,238
FP CAF UK .
oO equityB ;
income - ;
£58,659.70 154 90,101 114 66,784 23,317 1,734
FP CAF fixed
interest B 7
income - ;
27,538.91 100 27,613 © 96 26,341 1,272 © 915
Blackrock .
charishare
common inv ;
fund - .
14,484.35 © 665 96,350 534 77,375 18,975 2,804
Blackrock ,
charinco
common inv
fund - ;
14,898.69 ' 187 27,890 192 28,546 (656) — 1,117
; COIF charities .
investment , .
_ fund income ;
shares - ,
26,201.16 1,789 468,778 1,434 375,659 93,119 13,719
Total 944,403 ; 801,502 142,900 27,806

Oe Page 13

Jack Foat's Trust -

)

°

-.

i .

.

. Notes to the financial statements . for the year ended 5 April 2021. ;

.
Notes to the financial statements		 .
Notes to the financial statements		 .
Notes to the financial statements		 .
Notes to the financial statements		 . °
for the year endedthe year endedyear endedended 5 April 2021.April 2021.2021. ; 7 : .
— g, Debtors ; - )
ee He 2021 2020
) Tradedebtors ae OO 7,033 - 5,170
10. . Creditors:Amountsfallingduewithinoneyear
) oO 2021 2020
CS
Accruals and deferred income ; ; 3,532 5,520 .
11. Statement offunds ,
Statementoffunds -currentyear . ; :
-
ae , Balance at6 Gains/ Balance at 5
: April 2020 Income Expenditure (Losses) April 2021
_£ £ £ £ £
’ Unrestricted funds 0 .
General Funds. 2,458,846 ‘60,981 (35,182) 142,901 2,627,546.
"Statement offunds -prioryear year ; , ;
/ _ Balance at : Gains/ - Balanceat
; . . 6 April 2019 Income Expenditure (Losses) 5 April 2020
.
.		 an a £ £ o£
Unrestricted funds.
GeneralFunds 2,626,023 52,894 (80,173) (139,898) 2,458,846° 2,458,846° .

----- Start of picture text -----
|
----- End of picture text -----

.

)

;

----- Start of picture text -----
.
----- End of picture text -----

Oo

Page 14

| . A _

; , | .

. i -

7

----- Start of picture text -----
|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |.|.|Notes|to|the|financial|statements|,|Lo.|/|;| |,|for the year ended|5 April|2021|©|.| |-|.| |'|12.|Analysis|of net|assets|between|funds|.| |.|;|Analysis of net assets|between funds -current year|—|,|So|-|a|.| |.| |i|.|:|:|.|;|:|.|;Unrestricted’funds|fundsTotal| |-|,|,|2021||2021| |.|.| |Tangible|fixed|assets|;|391,755|-|391,755|oo| |Fixed|asset|investments|,|944,403|-|944,403| |a| |__|Investment property|a|797,745|=—s-|[797,745]| |'|Currentassets|~|:|7|497,175|497,175| |.|.| ||Creditors|dué within one year|.|—.|(3,532).|(3,532)|.| |-|Total|Co|:|2,627,546|2,627,546| |.|Analysis of net assets between funds-|prior year|oe|7| |_|;|-|Unrestricted|Total|,| |ae|.|funds|.|funds| |a|-|7|2020|2020| |7|.|Tangible fixed|assets|a|]|301,755|391,755| |;|o|,|Current assetsFixedInvestment asset investmentsproperty|I:|,|mo|.|-|473,364801,502797,745|-|801,502.473,364797,745|.| |Creditors|due|within|one|year|-|.|(5,520)|(5,520)||| |||Total|oo|||||/|;|2,458,846|2,458,846|9|;|[7]| |13.|Related party transactions|:|i|:|-|/| |The|Charity|has|not|undertaken|any|related|party transactions|during|the|financial|year|(2020:|£Nil)|and| |at the|Balance|sheet date|there|are|no|balances|outstanding|with|them|(2020:|E£Nil).|;|

----- End of picture text -----

fo

; ee a,

----- Start of picture text -----
;
----- End of picture text -----

_ Page 15