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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 1026791

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

GUILDFORD UNDETECTED TUMOUR SCREENING

(GUTS)
Centora Ltd
Jury Farm, Ripley Lane
West Horsley
KT24 6JT
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022

INTRODUCTION

In the UnitedKingdom,around18,000peopledie fromcoloncancereveryyear.Manyof thosedeathscouldbe preventedif problems
weredetectedearlier.Peopleover50 and anyonewitha historyofcoloncancerin the family,whoexperiencechangesin their bowel
habit,areparticularlyatrisk.GUTSwassetup in 1983withthestatedpurposeofimprovingtheearlydetectionofbowelcancer. The
charityestablishedone of the very first mass screeningprogrammesfor bowelcancer,workingwith GP practicesin Surrey,West Sussex
andHampshire.In2006theNationalBowelCancerScreeningProgrammewassetupand,withtheactiveandfinancialsupport of
GUTS, the centre for the South of Englandwas based in Guildford.This programmecurrentlyoffersscreeningto everyonebetween the
ages of 60 and 74.For thoseoutsidethis age range,GUTScontinuesto advisefamiliesand othersat risk,throughits Colorectal Cancer
Family Clinic.

OBJECTIVES AND ACTIVITIES

The formal objectives of GUTS are:
"thepreservationandprotectionofgoodhealthbyscreeningandundertakingorassistingintheundertakingofresearchforthe early
detection and treatment of cancer and other diseases of the digestive system and the publication of the useful results of such research."
Towards these objectives, GUTS currently is:
- Continuingtoofferscreeningtopeopleovertheageof50,livinginthelocalarea,whohavebeenidentifiedbytheirGPasbeing at
increased risk of developing bowel cancer.
- MaintainingtheweeklyColorectalFamilyCancerClinicwhichofferscounsellingandscreeningregimesforpeopleat moderate/high
risk of developing bowel cancer by virtue of a strong family history.
- Supportingclinicaland researchprojectswhere the researchers'areas of interestfurtherthe objectsof the charity.During this period
grants were provided for a study.
 - Donating appropriate medical equipment as and when the need arises and alternative sources of funding are not readily available.
The Trusteesconfirmthat they have referredto the guidancecontainedin the CharityCommission'sgeneralguidanceon public benefit
when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policies for the year.

ACHIEVEMENT AND PERFORMANCE

Colorectal Cancer Family Clinic

The GUTS ColorectalFamily clinic continuesto provideadvice to individualswith a family historyof bowel cancer,using national referral
guidelinesapprovedbythesurgeonsandgastroenterologistsattheRoyalSurreyCountyHospital,Thoseatloworlow/moderate risk
receivewrittenadviceabouttheir levelof risk and our recommendationsfor futurescreening.Thoseat high/moderateor high risk are
offeredanappointmentintheClinicforriskassessment,counsellingandscreening.Genetictestingisalsomadeavailableto identify
inherited conditions within families that can carry an especially high risk of developing colorectal cancers.

Supporting Research

PapillonColorectalDatabase:GUTSisworkingwiththecharityBrightonthisproject,providinga.6fundingforadatabase manager.
Theaimis tobuilda centralbankofinformationbasedonpatientexperience(PROMS).Althoughthestudyoriginallyconcentrated on
peopletreatedwithPapillonradiotherapyithassincebeenwidenedtoincludeotherbowelcancerpatients.Theintentionis that
eventuallyit willprovidea portalfor currentpatientsto accessinformationand adviceregardingtheir treatmentand self-management
ofsymptomsandside-affects.Duringthisperiod,Trusteesagreedfurtherfundingforacomputerscientisttoworkonredesigning the
structure of the database, in  order to bring the project forward to its next stage.
R-FITStudy:GUTSapprovedfinancialsupportforthisproject,beingundertakenbyMrNickFarkasworkingwithcolleaguesat the
SouthernBowel Cancer ScreeningHub. The purpose of the study is to determinethe effectivenessof repeated FIT tests for  symptomatic
patients.Ifthisenablessafetriagingofsuchpatients,hardpressedcolonoscopyservicescanthenbe usedmoreeffectively.(FITis the
standard test used for screening the general population via the Bowel Cancer Screening Programme.
Page 1
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

This period of activitywas adverselyaffectedby the coronavirus pandemicand the consequentiallimits to public gatheringsthat meant
manyofourusualfundraisingeventscouldnotbeheld,withsomecancelledatshortnotice.Thisobviouslyhadanimpacton the
charity'sincome generation.Some outdoorevents were held, includingMidsummerJazz in the Park on the LoseleyEstate and the  GUTS
Motor Tour.

INVESTMENT POLICY AND PERFORMANCE ACHIEVED AGAINST THE POLICY

Withahighproportionofourassetsincashdepositsandfixedintereststocks,thebalanceofourinvestmentsarelinkedtothe UK
Equity market.  The performance has broadly matched the movement in that market.

RESERVES POLICY

TheTrust'scharitableactivitiesincludethedevelopmentandmaintenanceofacancerscreeningandcounsellingservice,and the
financingofcancerresearchoveranumberofcontiguousareaswhich,tobeeffective,requiresacommitmenttofundingover the
mediumterm.Havingregardtothis,Trusteeshaveestablisheda policywherebytheunrestrictedfundsnotcommittedorinvested in
tangible fixed assets (the free reserves) should be maintained at a level sufficient to finance around two years' charitable expenditure.

ETHICAL POLICY

During this period,the Trusteeshave adoptedand publishedan ethicalpolicyfor GUTS.The policyis based on principles recommended
by the NationalCouncilfor VoluntaryOrganisations(NCVO),of whichGUTSis a member.GUTSconductsits affairsas far as possible in
accordance with those principles.

ACKNOWLEDGEMENTS

TheTrusteeswishto placeon recordtheirthanksto the manypeoplewhodo so muchto makeourworkpossibleand to thankall the
staff and volunteers for their hard work and dedication.  Without the efforts of so many we could not achieve so much.
Page 2
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trust is an unincorporated body set up by Trust Deed dated 7th September 1993 as amended on
5December2007,andisaregisteredcharity.ThecurrentTrusteesaresetoutonPage1.Trusteesarerequiredtoadminister the
charitabletrustinaccordancewiththeTrustDeedandconformtotherequirementsoftheCharityCommissionandInlandRevenue.
ThedaytodaymanagementofthetrustlieswiththeExecutiveCommitteeandFundraisingCommittee,detailsofwhichareset out
below.TheTrustDeedrequirestheretobeatleastthreeTrustees.Alltrusteesshallbyvirtueofhisorherpersonalor professional
qualificationsbe able to make a contributionto the pursuit of the objectsor the managementof the charity.The present trustees have
the following specific responsibilities in addition to their collective role:
          Mr Iain Jourdan FRCS    -    Chairman and director of all medical matters
          Mr J F Stebbing               -    Medical matters
          Mr M Sharpe                   -    Finance and regulatory matters
The inductionprocessfor any new Trusteecomprisesan initialmeeting with the Chairman,followedby meetingswith not less than two
otherTrustees.A newTrusteewouldbe appointedbya resolutionoftheTrusteespassedata specialmeeting,afterthenew Trustee
has signeda declarationof his acceptanceand willingnessto actin the interestsof the charity.New Trusteesare providedwitha pack
comprisinga copy of the Trust Deed, the last financialyear's annual report and accounts,and a copy of the Charity Commission booklets
"The Essential Trustee".
Thetrusteeshaveexaminedthemajorstrategic,businessandoperationalriskstowhichthecharityisexposed,andconfirm that
systems and procedures are in place to manage those risks.

GUTS Committee Structure

TheExecutiveCommittee,chairedbyMrIainJourdan,shallcomprisetheTrustees,TreasurerandFundraisingCoordinatorand be
responsible for policy, funding and charitable expenditure, staffing, legal and financial matters.

Executive Committee Members:

Mr I Jourdan (Chairman from 01.06.2010)
Mr P Davis (Trustee)
Prof S P Halloran (Trustee)
Prof T A Rockall (Trustee)
Mr A Scala (Trustee)
Mr J Stebbing (Trustee)
Mr M Sharpe (Treasurer & Trustee)
Mrs J White (Trustee)
Dena Dixon (Trustee) (appointed 14.04.2021)
Mr E Wells (Trustee) (appointed 14.04.2021)
Mr J Read (Trustee) (appointed 10.05.2022)
Mrs N Deeks (Fundraising Manager)

OPERATIONAL PERSONNEL

Management of the Family Cancer Clinic

NicolaHounshamadministerstheGUTSFamilyCancerClinic,providingcounsellingandscreeningtofamilieswithahistoryof cancer.
This clinic is wholly funded by GUTS.

Fundraising

Nerissa Deeks is responsible for coordinating fundraising and day-to-day running of the charity, with part-time help from Joe Smith.

Treasurer

Mr M Sharpeis the Treasurer,responsibleforbook-keepingand recordingofall financialtransactions,and forlegaland administrative
matters.
Page 3
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1026791

Principal address

GUTS Office, Level A
Royal Surrey NHS Foundation Trust
Egerton Road
Guildford
Surrey
GU2 7XX

Independent Examiner

K D N Desilva FCMA
Centora Ltd
Jury Farm, Ripley Lane
West Horsley
KT24 6JT
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................................
Mr I Jourdan FRCS - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GUILDFORD UNDETECTED TUMOUR SCREENING

(GUTS)

Independent examiner's report to the trustees of Guildford Undetected Tumour Screening (GUTS)

I report to the charitytrustees on my examinationof the accountsof GuildfordUndetectedTumourScreening(GUTS)(the Trust)for the
year ended 31 March 2022.

Responsibilities and basis of report

As the charitytrusteesof the Trustyou are responsiblefor the preparationof the accountsin accordancewiththe requirementsof the
Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe drawn in
this report in order to enable a proper understanding of the accounts to be reached.
K D N De Silva
FCMA
Centora Ltd
Jury Farm, Ripley Lane
West Horsley
KT24 6JT
Date: .............................................
Page 5
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2022

31.3.22 31.3.21
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 78,961 28,628
Other trading activities 2 18,467 12,099
Investment income 3 32,838 32,755
Other income 1,971 17,336
Total 132,237 90,818
EXPENDITURE ON
Raising funds 4 60,218 49,202
Charitable activities
General 27,674 34,464
Other 814 636
Total 88,706 84,302
Net gains/(losses) on investments (6,595) 76,928
NET INCOME 36,936 83,444
RECONCILIATION OF FUNDS
Total funds brought forward 592,678 509,234
TOTAL FUNDS CARRIED FORWARD 629,614 592,678
The notes form part of these financial statements
Page 6
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)

BALANCE SHEET

31 MARCH 2022

Notes
FIXED ASSETS
Tangible assets
7
Investments
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS
31.3.22
Unrestricted
fund
£
484
499,802
500,286
8,851
123,421
132,272
(2,944)
129,328
629,614
629,614
629,614
629,614
31.3.21
Total
funds
£
644
488,887
489,531
8,069
138,740
146,809
(43,662)
103,147
592,678
592,678
592,678
592,678
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon.............................................and were
signed on its behalf by:
.............................................
Trustee
The notes form part of these financial statements
Page 7
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthe charity,whichis a publicbenefitentityunderFRS 102,havebeen preparedin accordance with
theCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1 January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicable in
theUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthe historical
cost convention, with the exception of investments which are included at market value.

Income

All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
Grants offeredsubject to conditionswhich have not been met at the year end date are noted as a commitmentbut not accrued
as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery- 25% on reducing balance
Fixtures and fittings- 33% on cost
Motor vehicles- 25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spensionscheme are
charged to the  Statement of Financial Activities in the period to which they relate.
continued...
Page 8
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

2. OTHER TRADING ACTIVITIES
31.3.22 31.3.21
£ £
Fundraising events 18,467 12,099
3. INVESTMENT INCOME
31.3.22 31.3.21
£ £
Other fixed asset invest - FII 32,836 32,755
Deposit account interest 2 -
32,838 32,755
4. RAISING FUNDS
Raising donations and legacies
31.3.22 31.3.21
£ £
Staff costs 33,321 34,321
Cost of events 12,888 1,362
Support costs 6,279 6,915
52,488 42,598
Investment management costs
31.3.22 31.3.21
£ £
Portfolio management 7,730 6,604
Aggregate amounts 60,218 49,202
5. TRUSTEES' REMUNERATION AND BENEFITS
31.3.22 31.3.21
£ £
Trustees' salaries 360 2,160
Trustees' expenses
There were no  trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
continued...
Page 9
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 28,628
Other trading activities 12,099
Investment income 32,755
Other income 17,336
Total 90,818
EXPENDITURE ON
Raising funds 49,202
Charitable activities
General 34,464
Other 636
Total 84,302
Net gains on investments 76,928
NET INCOME 83,444
RECONCILIATION OF FUNDS
Total funds brought forward 509,234
TOTAL FUNDS CARRIED FORWARD 592,678
7. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 April 2021 and 31 March 2022 307 644 13,250 14,201
DEPRECIATION
At 1 April 2021 222 644 12,691 13,557
Charge for year 21 - 139 160
At 31 March 2022 243 644 12,830 13,717
NET BOOK VALUE
At 31 March 2022 64 - 420 484
At 31 March 2021 85 - 559 644
continued...
Page 10
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)
NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

8. FIXED ASSET INVESTMENTS

8. FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 April 2021 488,887
Additions 10,915
At 31 March 2022 499,802
NET BOOK VALUE
At 31 March 2022 499,802
At 31 March 2021 488,887
There were no investment assets outside the UK.
9. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£ £
Trade debtors 8,851 8,069
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Trade creditors 1 (1)
Taxation and social security 182 8,591
Other creditors 2,761 35,072
2,944 43,662
11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 592,678 36,936 629,614
TOTAL FUNDS 592,678 36,936 629,614
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 132,237 (88,706) (6,595) 36,936
TOTAL FUNDS 132,237 (88,706) (6,595) 36,936
continued...
Page 11
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)
NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS
Net
movement
At 1.4.20
in funds
£
£
509,234
83,444
509,234
83,444
At
31.3.21
£
592,678
592,678
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 90,818 (84,302) 76,928 83,444
TOTAL FUNDS 90,818 (84,302) 76,928 83,444
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Net
movement
At 1.4.20
in funds
£
£
509,234
120,380
509,234
120,380
At
31.3.22
£
629,614
629,614
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Incoming
Resources
resources
expended
£
£
223,055
(173,008)
223,055
(173,008)
Gains and
Movement
losses
in funds
£
£
70,333
120,380
70,333
120,380
Gains and
Movement
losses
in funds
£
£
70,333
120,380
70,333
120,380
120,380
continued...
Page 12
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)
NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

12. RELATED PARTY DISCLOSURES

During the year, the Charity has paid £360 in professional fees to Sharpe Medical Accounting Ltd of which a trustee is a director.
Page 13
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts 1 1
Donations 56,394 28,627
Legacies 22,566 -
78,961 28,628
Other trading activities
Fundraising events 18,467 12,099
Investment income
Other fixed asset invest - FII 32,836 32,755
Deposit account interest 2 -
32,838 32,755
Other income
Furlough Income JRS 1,971 17,336
Total incoming resources 132,237 90,818
EXPENDITURE
Raising donations and legacies
Wages 32,730 33,562
Pensions 591 759
Cost of events 12,888 1,362
46,209 35,683
Investment management costs
Portfolio management 7,730 6,604
Charitable activities
Trustees' salaries 360 2,160
Social security - 2,366
Insurance 2,752 3,399
Sundries 61 470
Medical staff salaries 5,568 5,568
Grants to individuals 16,113 20,501
24,854 34,464
Other
Bank Fees 814 636
Support costs
This page does not form part of the statutory financial statements
Page 14
GUILDFORD UNDETECTED TUMOUR SCREENING
(GUTS)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
31.3.22 31.3.21
£ £
Support costs
Governance costs
Postage and stationery 1,854 1,222
Accountancy and legal fees 2,820 3,100
Motor Vehicle Expenses 1,161 2,013
Advertising 3,103 365
Fixtures and fittings 161 215
9,099 6,915
Total resources expended 88,706 84,302
Net income before gains and losses 43,531 6,516
Realised recognised gains and losses
Realised gains/(losses) on investment property (6,595) 76,928
Net income 36,936 83,444
This page does not form part of the statutory financial statements
Page 15