REG18TERED COMPANY NUMBER: OJ2f9886 (England and W•l•sl REGISTERED CHARrrY NUMBER: 1056625 Roport ofth• TnMt•e¥ •nd FInancI 8tat•monts for th• P•rfod 1¥tAvrll 21124 to 31•tAugu 2025 for The RelatlonghlpThwy C•nlrn Ltd Pr•vlously Imown 18 R•lxl• Sèvom and Ltd The Rlthards SandyPartneT8hi> Thyndog Housè 25 Barknume Ro•J Worister Worc8ster8hlr• WR11RU
Th• R¢latl¢)nshlp Thornpy C•ntr• Ltd pmvlousty known as R•lats S•vwn •nd Wyè Ltd Cont•nts Qfthe Flnanclal Statements forthè rIOd 1st Aprll 2024 to 31st Auou•t 2025 P0• R•f•r•nc•andAdminl•tral¥o D•taU R•port ofth•TnMi••8 2 to 5 d¢p¢nd¢nt Examth•f8 RopNt Stat•m•ntaf Flnanclal **t1V Bal8n¢e Sheot Nrtes to the Flnanclal Stat0n18 9 to 20 D0thd Slat•mfrnt of Flnandal A¢tlvll•• 21 to 22
Th• R•lallon•hlp Tli•rapy C•ntr• Ltd pr•vlouaty known as Relats Styv8m and Wy• Ltd R•fw•ne• and Admlnl•trakn D8tslls for th• P•rlod 1•tAprfl 2024 to 31•tAygu5t 202$ C Tempb Cox (rnSned 21.8.251 G Dthos (WK8 Chakl Igned 6.11.241 J Hdl (Chalrl Iwgned 21.8.251 D Kennedy {r6slgned 21.8.251 C A PaTwn IgnO 21.8.251 N J Shaw Ir88ign•d 21.8.2SI J E Fuggle Ignd 21.8.25} K L Keh(e {Te8ign 21.8251 J D Olamide Iresiqn8d 6.11241 P Jefies IresvJned 21.8.251 G Drugan lapprdnted 21.825} G N Low818ppoJnled 21.8251 Shirtue)rth lepprinted 21.8251 TLC.. T8lk. Ltst8n, CharEe (Bpwintsd 21.8.251 COMPANY SECRETARY M Shsmxn REGISTERED OFFICE 19 Ca811è Stre•t Worc8stsr8hiTe WR13fvD REGISTERED COAIPANY NUMBER 03219866 IEngland and Wal•s1 REG&8TERED CMARrrY NUMBER 1056625 INtEPENDEKf EXAMINER The flchard5 Sandy Partn8rship Thomebg Housa 25 Barbwmè Rc*d Worce8tsr¥hir• WR11RU CHIEF EXECUTIVE OFFICER M Sknnan DIRECTORS OFTLC: TAW LisfEN CHANGE ORPORATETrUSTEE) J Brgarfey Dr G tkiigan S IrrfJleby CJh CLIU G Lowe A R8ymodè 8 ShuWvAvrth A Surtan Pogg 1
Thtr R•htion¥hlpTh•r•py ceb) Ltd Fw•¥lou•ty kno¥m as R•lat• S•rn Wy• Ltd Ryrt oftho Trust•è forth• P•rtod 18tAprfl 2Q24to 31•tAuguJt 2025 The tDJslees vkno ore dso dlredors of1he charfty for thg wrp(b8gs of thè Cobry)onl8s Acl 2tY)6. pres•nt thwr r•F4)rt wlth the ffinandal statsThnis of the charity fcf Ihe 181 A45ri12024 to 31st Auuus120Z5. The tnjstees have edopted thg provlcfis of AcoJuntirrfJ and Reprybng by Charib8s.' Staiemenl of Rewrnrnermled Pradic• 4)plic4bkn to eh preparlng thelr accounts In e£o)rd8nce the Flnanca81 Standard apdO¢at4 UK and RopulAfic of IroLqtsa IFRS 1021l8ff0cti 1 January 20191. OBJECTIVES AND ACTIVfflES Obl8clhTO5 and alms The cljjeds end prfndpal advltles of the thwlty are to 5UPF•Nt ccyjplo fatrlty relaUonshlp8 In Wcycostwthirg, Herefordshlrg and GlouceBtsrshlre by offering relaticShIP 8ducalion and wJn58llrvJ. Th• d)wtys puwe as set in Ihe obje(ts Clained the memorandurn of0s8(latIon ofth8 cA)mpany 8rt to: lal e(Juc4telhe conceming the beneffts of secure Cou9 rglation¥hip, marriage and famlly Iwe In cYd8rtr> imFwove th amoonal. sexual and sFlritual Welbn9 (rf Indivktsb is deri¥ed cmmitt•d r•knUC9h. Ibl 8¢9kto enh8nr Ihe gotsj h8aNh. t¢)th mentsl and phy8kal, ofaduts and thren by.. inc¥pa5ing public Wdf8n85s of th8 b8nerrt of uJwrwnitted rdabon$hips. m8fTl8ge and famlty lrfe.. and workiro to prevent FQV8ty, hardshlp 8nd dL e8us6d by the breakdown $Uth relabOnSJ¥. providing CryT11j, advice, educ8trC. artd rafit0 addts 8ndlorthNdren In relaoon to ary may wrydic¥ thdrphyslc4 or mgntsl lb#{nO,. { infiuence. erfh¢r dittr¢Uy cf indir0¢t. thoir w&s¢nt orfubJr¢ fwnltyorcoupkn reCsh1p.' eoknr8 (th8nthp and t4Thmunty d8¥eh•n(. relov?th080 In by rgason cfyouth. ag?, lwIth, dlsabllty, ffinandal hardsPip ct daan. promot• mS•oJth Into al ofthe ab otrf•cts end to make 4vailBbl8 to th• publ The Relatbonship Twy Centre is gratefijl to bursary stheme and our yrjung pa00,$ counselling service. slgnlficont acttvtthJ The ch8rftyB mdn a(aMle6 are the prov181r ol CO$eIllng and tralnw to lU81&, coupl•s and fan116 and Ycng people, at the Wucoster ntr8 cther prerni8è5 thrwghthrt eowity, and In HeYelordshSre ond GlwcestsrshSTe. Pthlc b•n•fit The Tntea$ confimi thal they have complled th the dLty in S&tv)n 17151 ttl thè 2011 Chllles Act to thje gard to guKJance on publlc benefil publtshed by ts Ch8FIty cron Mis19 th8 (AIliYs otyqetives and In plannhg futwo 8CtfvMe8. Voluntsorn Th8 Rekgtionthip Theravy Centrg 18 very forttThte in th& number of ¥¢aJnteers vA)o pde r8ceO(fft tree of th8rge. The vdunteer TKeptlonl8ts rnake a mu¢*walued to thg thariws operati¢% Pag9 2
Th• R•latlonshlp Therapy C•nty• Ltd
pr•viously knovm as Relato S•vèm and Ltd
R8port of the Tru8to18
lorth• P•th¥d 1•tAprfl 2024to 31•t August 2025
ACHIEVEMENTS AND PERFORMANCE
Charltsblo adlvltl•
Tha 8ywU8e of R8k8te lrnlned couns8llor8 i¥ off8rèd to the publlc pwwnarily through the Worc85ter Centre and rénted
pTrmi58S &t other ILKatiry in th• county end in W•r8fthshtre and Gknueeslershire. Athough w¢ tsjnlnue to work
towicfie and wettan aryv55 all lorlons forthw dents who flnd thls rn0St wN8r¥¥nL
Thg tharity r•srthdve to Olcy irib8tiv8s d bolh contr 8nd local governmu In ium. there ks Tewlllon that Ihe
charflable 88rAtr is often the most effiaent pl0r of r?dr - parUvJlwty vAth chSldren tsrnIi The
RelaOonsNp ThepY Centre has adopted a profeson and prts8cth6 awJroac in to be ¥ provlder of
8dLttDnB in 01lh6Be
The TN6toes d8tèm)Ined thaL whllsl the lgOing counsel of indithdual and dlènts the 8trkteglc
b8Lknn• of the charitya Advll8. The Re18tiowthlp Therapy Centre L8 11 placod to F4ay In Smementing
Imwo¥èmanis tofamllyarMJ thibj wte1ng through wv8mm)t InthBtiv$8.
Thi¥ rgFQrt thds from 1st Awl 2024 to 3151 Augu$t 2025. During this periDd our wunsgllors wrykèd wlth 992 cllents
and deKverBd 4,955 sg¥slons of r•181cShlp unSeling - in p•rnon and by w8bcam, 81 fjme8 most ts)nvenient lo rxjr
di5. W? proud of tho qvgllty of the Servi we d• In dJ# ckcurTtstsnLs end belleve that make a real
dMferenc tg rnèny Ivos Sn W¢Ycgsier5hirè, HeClshire and G&)6$ter8hir& W• c
Th• Rela110nwP Th•r4)y C•ntr• Ltd Pfovlou$ly known •• R•lat• S6v•rn and Wy• Ltd Rwrt ofthg T1•88 fwth• Porlod 14t Aprll 2024 to 31•¢Au9uJt 2025 FINANCIAL REVIEW Prfnclpal fvndlng ¥OU0 The wnL¥pal lunding sOUe$ ¢Jring the FerfcJ vKe fetg ¢haro•d to dIts own8d11 se¢85 ce cts for counselllng servlces pded. In addfdon, the tharfty ts 1¥ful for the wppc#t of kxal nauonal grant-rnaklNJ tnjsts. In paits"cJJbr th• support and generosty of the SanC8ry Houslng Group for lhg prO$IC¥1 of tho Worce5tsT p1$¢1 4t a PFf¢rmm rent, an anangarnentvthi¢h h8S el1ued pctmerggr. R•wvg• policy Follththg the meTgeT agre8rneFrt TLC.. Tth. Llsttn. Chang8, In vthlch all of tha charity$ ngt awts Ilabllks 8r8 transfeThl to TLC, the cariVs general unrricted wrvès, exduding flxed 88sets, wwe £ryl as at 31 Au9LMt 2025 (2024: £53,487). Golng conwn During Iha ploJ. the therfty hes merged ith TLC: TalK Lbtsn. Changè cm 21st Augu8t 202& FolIryng Ihe tr8nr of buslnoss toTLC, ts chty VAI b•Miund up on a wfvenl bls. The rIOd has been ryepare41 on a golng 1CeM basB, wi¢h th? ¥ugts and tr8nglerT&J to TLC as 8 qoing 1Cam. FUTURE DEVELOPMENTS As a resutt of the transf8r. Servitss wil be relained thln Wcv(estershire, HeTgfoTdsh1 and Glouc•sthl4re. TLC has a stroThJ record of 5upprxting rdal[$hIKts and 0rat0$ numorS prograrn induding th•r8p•ub¢ lItIng counsdllng serv1. mgdlation. dcqn95Ic abu50 5UPPOrt 8ervl(e8 and perpetr8tor behawour d)ang• programm&s, as w911 a$ •ducatN?n and trainin9. W• arn 8lr•aty d179 free at the tKJinl of contsct grant fundèd toJns•lliNJ &) o ¢9c and pkns Arè In 8(¥ to èxtend Ihls futhor. Wo are aho abk8 lo provtde 8er¥hx to fee paym dts t1jgh TLQ¥whoMy oymal subsbJiary- NrpwYou'r• Taing therapy. I cOncde this reF•Jt by gIng thanks to my fefv TrustBes fc¢thelr support and advSr£ and efi téFi8lf of thg Tntsteo5. 1 wLsh to tha al ourcoun¥ellrKs. ¥upervisoT¥. trainets. adrninistr8Oon staff and voluntews. forlheir88df ¥upport STRUCTUR& GOVERNANCE AIID MANAGEMEKr GO9 documant Th& charity ¢{1rdd by its gov•m1 (k)tsJman( Matrrmndum & fvAcleg of AsBOCt8tion datsd 5 Junè 1996. 85 emended cffi 22 2(Q8. •nd MnsMutOS o Imlw cornpany. limtted by 9uarants¢, a$ d8finBd by thè COM96 Act 2LIK. Recrnltm•nt•nd appolth•nt of Trusle•$ Officèrs and 8IEct8d mernbers arè nominated and vot•d at anrnMI general mgebn9B. AJI TFust•8S 8n sthlect to lecl)n at annual g8n8r81 rting and in sorve 8 AMUM of yoars. Tr Exo(¥Ov8 Shal o)nsistofa rnnrnurn of$rx a maxmum of8wJht8an Members. Organi10n•l struclur• The ch8rty aat&s Ihrough priodlc Trust99 moetlngs an Eye Corrfflftt8e. wthich LY)rry)ris•s of t Trustees ofthg tharity tOg8th8r managÈrrnt rnembers and other (¥>opted rnember8 88 appwfg. D8cl$$ ar8 arfvod al by rnalorlty ¥ote in 98nérdl m•ètiffj. Indu¢tlon and trnlng of n•wTw•t••¥ TrustO95 arg P8riodrc8Hy mi8W8d And monit(rtd and. Ir aFvrcprlats, tralnlng L8 undertakon to upd9to now Tntst066 C matt8 highlghtèd In the Mew. CHANGE Cf NAME Th? dws18bb t¥jm$) passed a sp8dal rnsokrth)n on 17th Aprfl 2W25 thanglng h8 from Rtht8 S8vn and Wyo Ltd to Rtlafjonshtp Thernpy Centre Ltd. IWALIFIING TrIRD PARTY NDEMNrrY PRONISIONS Th8 Cha1& (>Jrr4Mny has made third paty indernnty provisions for thè of s dlYe¢tors durtng the p?iJd Ih858 wD¥lonS rnmaln In foK atthe wcrfng date. Page 4
Indopgnd•nt Examln•rf• R•porttoth• TnMtw• of The Relallonshlp Th•rw C•nts• Ltd Indondon1•XamInrfO th• tYust••J ofThè R•latlon•htp Thww C•ntre Ltd fth• Compan I re to tho th8rty bw8tees on my examlnauon of tho aLu>unts of the CnY for the p8ri(#J 191 hpril 2024 10 31stAugus12025. R••pon•knllttlv• and bas1¥ ol r•port As the d)aMWs trustee¥ Company land abo its diroctors ts ihe Pu05&S of company ar8 respolb10 for the Preparali ofthe 8CrUnts in 8CeLYlance th8 requlrements ofthe Cornpanles A£t 2006 Ilhg 2006 W. Having 88tisfied my88lf that Ihe 8rthJnts of the Ccffipany ar• not rwulred lo be •Jdit•d under Part 16 of th• 2006 A( 8nd are elgiblg lor indep8ndenl examinBtion. I r8p(vl In re$péct of my &xanatic of charitys accounls as tled oJt undef S•clon 145 of the Chariti88 Ad 2011 (Ihe 2011 Acri. In ca9 oui my gxaminaon I have followod th8 Diiections by1 Charity COmmltsn uThJ8rS•ci)n 14515} (bl oflhe 2011 Ind•pendent•xamin•eg statrnrt Slnca your 9ro¥s Ineome exCed £250,000 exarnlngr mu¥t b8 a mb of a Ilstsd boty. l Can rthfimi that l quaNfied to undértak• the •x8min8llon because l am a mwnbar of the AssiKÉakn of Charted Certid ntsnts, vthfch Is olthè fisted bodeB. I have completed my wrninalJDn. l (¥)mlTh that no m8ltern to my attention in neCtIOn vAth thg ewnlnalkn S4n9 mo u8 to b8Ueve.' aryounting rocoTds wwg not kept in respect oflhe Comp#ny ag requlred by S#tk)n 386 ofthe 2006 k¢ ¢r the OOurrts do not wrd wlth thos8 racuds; or the accounls do not compty the occountinq Tequwrnnts of 396 of tho 2Cth Act othar ary TequlTemrt that the a¢unIS give 8 knJ8 and fair L8 Th)t 8 matter ¢thdered as part cl an IndeF¢nd8nt examlnauon: or the acrAxJnts ha¥6 not pwpArèd In 8ccAydan with the methods and prinuFI68 of Statwnent of Recomm8nd8d Pradce for •¢¢wnUng a1 reporting by ch8rfd8s lapplicawè to charfues proparinu thelr accounls in acoxdanc thg Finandal Reportsng Standard 8WKAble In thg UK and Ropubfic of kdand (FRS 102)1 I he no cernS and havo CO ocrns5 no other matter3 in cneI vthh the examlnal>Jn to whlth attenI¢4) $h¢yJld bè drawn In Ihis TeFVrt in ordèr to enatde • kycw undorslandlThJ of thè aetAwnts to bo rgached. Mgli55a Jean WCAACCA} Th• RAaTds San¢ty Parbrnhlp ThDmebJe Fh)use 25 Barbwme Road WorL5t8r Wortstersh R1 1RU Dat•.. ...£.E...1kS......,.....
Th8 R•lationshipTh•rapy Centr• Ltd prn¥lou$ly known u R•lats S•v•m and Vfy• Ltd Rwrt ofth• Tn1••0 trth• Porl•d 1st Aprfl 2024to 31st Augu•t 2025 B ieport hos been wepw¢d kn afKordanco lth Iht Sp81 W05n$ of Part 15 d the COMP85 Att 2006 relatino to 5rnall compIe$. 2810512026 hpproved by order clthe tKard oftru8to8s on............... .. and gned on its bahalf by: Barbara Shuttleworth 8 Shutileworth-Twsts• P4g• S
Th• R•latlonihip Th•rapy C•ntr• Ltd pr•viou8ly known a• R•lats 8•vwn and Wy• Ltd Sl•l•m•nt olFln4ndal AthMI corpwattng an Incom• Expondliur• Ae¢ounti forth• P•rlod 1st April 2024 to 31st August 2025 Pthod Ysar EThJed 31.3.24 Totkl lunds 31.&25 Total fvnd# fund8 funds INCOME AMD EMDOWMENTS FROM Don8tion5 and IwJades 34703 19.980 $5M3 61.351 Charftsblo actMts Coun1n9 329,$81 20,980 210.169 Oth8r trading #clmties Investment InL¥rTL8 7.397 2.211 3216 3316 Totsl 40.960 409,46D 281,128 EXPENDrruRE ON Ch•rltabh a¢tMtI• Cwnsdllng Tr8nsf ofnet 88gd8 kn TLC.. Talk Loslen. Chan0• 441391 3fj.5311 481921 294,329 23132 T1 38,36B $1)I753 Net n$l(l)Sa•s1 knveslmenls 3,664 17371 NET INCOMEIIEXPENDfFUREI Trnnslgrs b•l*tnfund6 (942211 2.$92 2,592 12.5921 19&62•J (13.9381 21 Net mov•m•ntln fund• (946291 (9Wg} (13.93B) RECONCILIATION OF FUNOS Total funds twht tsJw8rd 93ffi29 93M 107.567 TOTAL FUNDS CARRIED FORWARD 93,829 The notss fomi partofthese flnendal ¥tat8mats Page 7
Th• R•lJtlon8fvfp Therapy C•ntr• Ltd pr•vIoly known Relate S•v•rn and Wy• Ltd Bal&ftcè Sh¢•t 31•t August 2025 2025 Total funds 2tr24 ds fdI funds FIXED ASSErs Intrents 16 39.642 CURRENT ASSETS DBbior5 Cash at b8r and In hand 17 18.K#) 51.C S.OlXI 5.0110 CREDtroR8 ounts folung duèvriU)in on• y•Ar 18 115,919) NEf CURRENT A&8ET8 sNoo 5.000 TOTALA%WS LESS CURRENT UABILITIES 4000 5,000 93,629 PROVISIONS FOR UABILMES 141X#)I 140110) NET AST3 93.629 FUNDS Unr•strtcèd fijnds 21 91629 TOTAL FUNDS The charttl¥ company is antil8d to 8XpIon from audlt under Se¢lkn 477 CornpaTh•s 2Cth lor th• porfod ended 313tAugu 2025. The membor¥ ho wwjt rnqulred the to obtaln an audl of fq finarvaf at•mth)ts kn the perknj ended 31stAugust 2025 in atAydanc• 1h S8(on 476 Df the Companies Ac 2(. The InJBtee8 aCnt 1helrw¢)nbll lel ensuring that thg thoritablo axnpaty k••ps accountlw re¥ that comWy with Sécuons 386 and 387 of the Compani05 Ad20C6 pryrfng finaniid statsrnts h¢h gfjv• a tnje and fair view clthe Slats of aff8lryJ of the ehalitab eompany as at the end of eath financial year and of its surplus Cf defidt for ffinaal year in acctYdan( with the uiremnts of S8dtsrts 394 8nd 395 And whlch othoFwis• gjrnp th the reqrèments ofthe Companlos h 2C rdat'ng to ffinanaal 3tAttments, sofar &8 8PF4lrAble tothe chaiitat)l& (¢mp8ny. (bl Thege fvwrn¥al $lwn8nts hav8 prepar•J In ac£8nc• vAlh provk¥kn$ to charltat48 ccffipanS0s 8Utlert ro thg ¥mdl compani•s rtgim. The frla1 stsknmtrts worn apkvoved by the Btsard of Tru8te¢s aTrJ Aulhort for L88Ue .. and war• 6jrd on Its bohatfty. Barbara Shuttleworth B ShiAil•svth. Tru818& not95forn partofth•8• ststemerts
Th• R•latlonshlpTh•rapy C•ntr• Ltd pr•vlously knt)wn • Relat• S•v•m and Wy• Ltd Notss to th• Fln•ndal St&tsMènts forth• Perfod 1itAprfl 2024 to 31st AUt2025 STATUTORY INFORMATION The rtharity a )panY lited ty guarantee. The wornbérs d the o)rnpw arg lh8 trustees namgd in the Trustees. RgpryL In Ihe evenl of Ihg ry>mpany bdro vK)und th& Ikablty in restffj(x tsl tha guarth i¥ Ih to£1. ACCOUPlllNG POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENT8 Tr8 finan(xal 5tatsments ol th? charitabl• ¢ompany. vthith Is a public b8nefit enlty under FRS 102. hAVa b[b prepared In Accordance wlh the Chatfjlès SORP IFRS 1021 'Accourflng and R8pLthg by Charitiès.. Statement of Recommond Pr8dIr to charityes preparfrKJ thelr atxounts In attcfjrdance wFth th9 Finanual Reprytin9 Standvd applcabb in th8 UK and ReputrAi¢ of Ir6Land IFRS 1021 IraCl¥e 1 January 2019y, FSnanual Raportlng Standard 102 Tr Flnanclal Reporbng St8ndRrd applICab in tho UK and RepulAic Irdand. and Ihg C(Ynpanles kt 2006. Th8 fmandal ststemènts have been prep8red under the histo eftst convention, the excp.on (l inv8slmènts are indud8d at martet ¥ae. as modtfibd ty the re¥dU8On olcertaln 8¥sets. Th8 acwjrts are prÈp8r8d In 8tsrfing, 15 11 [tIonal ol Ihe chalty. Monolary •Munts kn I¢ finanoAI statements ar8 rounded to the near9 £. Thè eh8rtyls exernF4 frC pr•pMrirvJ 8 flN statemejrton thg wounds that (t 68 not a Iwggrth•1ty. CE&8ATION OF TRADE During the tyJfTent Feriod lh• and net a8¥8ts of th• charfty was trdn5ferTrd to 8nL)ther kgal 8ntty on 8 going eonc•m b8. xfttr the charity no bjnger any onging aththes. The charfty gXP6Cted to wwnd up In 8TlD. CIIANGES IN FINANCL4L YEAR END The tharlty hos thaThJed its fin8rtid y88r 31 Marth to 31 10 that tts financ4al •nd Inwratesthe mergerith TLC. Followng 11¥5 change kn fjnarKid yèar 8ThJ dats, Iho8è ffiancaal statThnts havg bsen pwarwj for a ¢¢riod of 17rn. Thg comp8ralbV8 amounts prgS8nt8d in the fln8nryal ¥t•t•m8nls. r tts Ihè 12 month F¢r)d aThJhg 31 M8rdb 2024. #rn not entirgty comparat4è. INCOME All Inwe 15 recognls&l In thè St8t•noni of Fin8ndd Advit$ onco Ihg has •nldemont to thg fiJnd5, is probAtl8 th&the w1wr7ll bg and the amount In b8 me&8ured rÈliabty. Granl Inp)m8. Indj11¥j S0Mment grdnts is re¢oani8&I a pwformance In¢cme frorn Charitab 8¢tlvkns ftf sèNlcts wovtdgd 13 recognlsed In 1rwilhIhtr ofthose soMC•S. Inv8stNnt IrLoJme ¥wrMwJ th• reth'ThJ invethiwts notke ofiti¥lribJlwJn b) Is Investor& EXPENDfwRE Llablliti95 or8 gw(Ituv es On as Is a legal or (StrU otxlgakn comtrdng the chHrity lo that expDndituro. tt is probable that a transf•r of ffonomlc benefits ill bo wulred in $èttM6nt aThJ th? arnnt of the obl9ation Lxn be me&8ured relLgbly. E¥p8ndftuT¥ ac£ounted for on an awuab basis and has been dagfied undgr hgading5 Ihat aggregats all L¥JSt rdabJ trj the ¢try. Where c01 b dlrectty attrikyJt•J to partsjr headngs they havg b8èn allocated to on a basis l$IStent wilh the use 114VES7MENrJ Innts quoted on a rBts)gnlsed SIC eXCng• tt vthose value derives fn>m th•m ICIFS. atcl am valued at maTk8t Ydluè at the year énd. Both realed arKI unraalls6d gain¥ ore 5hob¥n undw 'n8t g8ln$ I11055•sI ( In¥p5thnts' on thefaco ofthg SLF ALLOCATION AND APPORTKINMENT OF COSTS Thè cost of sub$Kli88d and bursary coun5811ing sessknns havg bepn ca(xlatsd at £74 per w5Sit¥). The kntsl costs ofbursales awarfgd h•v• b80n to th8 rnStrKtsJ kn•ylunds. Page 9 Ilnuad...
Th• R•lationshlp Th•rnpy C•ntyè Ltd pr•vlougly knovm a¥ Rolats Sw¢m ond Vfy• Ltd Nt>t• to th• Flnanc5al Stat•monts- contlnued forth• Porfod 1•tAprfl 2024 tt1 31•t AugU8t 2025 ACCOUIrnNG POLICIES • ¢Ont1Thd TANGIBLE FIXED ASSETS rechryts Is provlded at the follokng annual Rte8 In to hlttg off gach ags81 0r lis e8bm8bJ tjsaful CLterequry)m¢nl 33% on trtht TAXATION Th8 (arity Is exempt frcffl C¢XForation lax ts ¢hari¢thgcbvibes. FUND ACCOUNTING Unrestricted fijnds ean bo usod kn actY)TdanrA thg charilkn r4oth•s at tha Illsernlon oflhe tnjstees. Ra•d knds cfflly be used for pthkr resirfthj lIhil the objeds dth• cknrty. R•thckn8 8rf$8 whèn bylhe ¢JLThr c¢¥then fiJnd8 are Talsed tr wtycLl8rre8irfdad pl0886. FurfheroxpignAlk)n olthg naiurè and purpw ofeath fijnd is inrjwjed kn thB note¥ to lh8 fina181 Stathnrfs. PEN8IQN ¢OST$ The charit8bK8 ccqnpany OFerat8s # dèfin4d cY)ntribu pensh)n 8theme. Ctsntnbulton8 to the caritable ¢crfnpanls pengbn ¥the are charged to tho Slat&Mnt of FlnaK4al Atres in Iho Pgric#J to vthith rdate. DONATEO GOODS AND SERVICES Donaied goods and ?r8 meawrod at fair vabje YAwi c¥Jnlml river the econorTrc be h85 F48¥gd b) the tharfty. FINANC14L INSTRUMENTS The drty has etecte(J to ap ts FrfoVi5 of Sdion 11. 8aste Finandal h)slrum&ts' s1n 12 i)ther Fknanoal Instruments Issues, of FRS 102 to al of its financlal instrurnlnts. Fknancw kmor ar• vthen the chority b8DJm8s tyt0 c•jntr pvovJsbTh8 ofthe IrtNment. FInaoI 886et6 we offseL with the nel rnnls pr98 In Ihe at%y)unis V+lKYe there Is 8 bgalty 8nforc40 rit to sot off the recognlsed arnounts wtd there L8 an int8nlion to $8lUo on a Mt basLs or to reallse Ihe 8880t setue the IketAIlty drnurtaneously. Bask Fknandal Boste financ1 assets. indude tr8dg and other re5vabS and cash an(J bank balan. are inthlly mèasured at transadon ce Indudlro tranBaction $ts ¥nd arg sub58quènty carried ai aM(sed uslng the Èffettive Intsrest melhod unless the aangernrt ntituteS a financing tr3nsathc. whue transxuon Is measur8d attho F8$t valu& ofthe fUtsj reIpts discounted at a Mk ratè of int8r•sL B••lc Flnanclal Llablllll#a Basic Finandal liabl166. Indudlng trade and otsr payobl95, ar8 inaty rB(x¥Jnks•d at transarAcm unless Iha arrangement coThstittrteg a ffinan(4ng trBns8con, kn the debt Instrum&rt fis measured at wgsont va of future pts, dlscounted at a m8th91 ratg of intere5L Debt in5trum8nts are subsequ*)ty ¢8rrted at Sod c06L 19 the IntTht ratg ms11x. T1? payab18s are G9atI$ to pay for gcods or s8M¢e$ that hav• been auld In the ordln8ry ul$? of th8 operaUon8 frrffi wpplier3. ArUnts paya& ar8 dassMl8d as (#Jrr8nt Ilablj8$ W Paent r4 due Within cng y•ar or less. If n(¢ they are we¥erted as ncTrpJrrgnt babilli85. Trnd8 tde reLvJnlsed hWally al transa(aion cosL Pago 10 (xvthnued...
Thg RatIOn9h1P Therapy C•th Ltd pr•vlousty knovm as R•lats S•v•rn ond Wy• Ltd Notès to th• Fhwnelal S1thm-¢ontInu0d forth• P•rlod IstAprfl 2024 to 31st Auqu•l 2023 DONATIONS AND LEGACIES P•rfod IA24 YearEnded 31J.24 Total funds 31.8.25 Totsl fvndo Unreslrkled Rrictod funds fund$ 12 45.611 14,49) Grants Don8ied seMGo9 and ladltS88 11685 21.554 19,980 32,685 21,554 35.703 19.980 54083 81 J51 DONATED SERVICES AND FACKIT1&8 Tho Chorrty wouh4 like to acknrylgdg8 thelr gratide to thg Sanctuary HOLLng Gmup for the provision of tho PTBmFses et 19 Casuo $tr8ot at a subst8nt'8lly r•duced rgnL The dIrenCe betrRen thg mat value of Ihe rgnt and the rent P8hJ has been reccJni88d as g d(18d sCe of £21,554 lor the 17 fflarth F•rfod12024.. £14.4 for 12 ny)nth$). Gratts rac81, indud8d in the above. awe a¥ fdttr•48'. to 31.8.25 Yr End•d 31.3.24 Baron Oaverprf8 Ch#rty Durntied( Charlty E F Buknw Benevdent Fund Edwaril Cadbury CharitablèTrust The Ericw Vincent TN5t Fund GrtyJnoMyk UK Th¢ Hobson Charlty The Hoprnthet Cha L8NJdalg Trust La15 Charities The Midwjnties crPe The NatlDnal Lottery Th? Roger& DtyJgs TumerChttabkn Tnjst The R8ndS TNst Sout8r chArfIab TNst GknJcg¥1gFshke C(¥nrnurfty Foj9 The Patn'th Trust 1.500 500 500 500 6,0 3.046 4,000 6.IK93 500 10,C 4,000 12,185 9,000 3,000 2.500 Mid¢ounti•s Foresl Spirax Sarco Ltd The Govgmm&* CCrfrfflucoti Fund 1MIO 500 930 32.105 45.611 Pago11 ts)ntknu8d...
Th• Relrfomhlp Therapy C•ntr• Lid prwlloty known a• Rdat• s•rn andyfye Ltd Not•s to th• Flnanclal Stat•rn•nts. eontinuèd forthg P•rlod 1•tWII 2024 to 31st Aug1 2025 OThER TRADING ArnIES P#rlod 1A24 Year End 31.3.24 Total nth 31.825 Unrgthctqd Rastrlcted fuThJs fvnds fund8 conwjttCY 7.371 7.397 INVESTIIENT INCOME P•rf¢Jd 1.&24 Ygar End8d 31.&24 TrA81 d8 31.8.25 T(*•l nd• unretted fund¥ fijnds Dl¥ld8nd Incthno 3.216 16 1211 14COIE FROM CHARrrABLE ACnVmE8 1A24 Y•8r Ended 31.3.24 Totsl 31.&ZS CellIng CtyJrwlllng 328.501 21,980 191674 14495 3NS61 21Q.109 Gmnts re£ehed. Inctuded in the al>Jve. foknm: Po¢d 1A.24 Year Ended 31.&24 31.0.25 Redditth BrKough Cwncil M8Wn Town Prfrnary Care Nth DrotrAth. Ombersley & The Rurth Primary Care Nets4rJrk Brorwrove Dk8Mct CounL 6.1100 1,365 12,130 149BO .980 13.495 Page 12 nu•d...
Th• R•lallon¥hipTh•rapy Ctntr• Ltd pr•¥lou8ty known as Rel#tè and Wy• Ltd Notsstoth• Flth•ndal Stat•rn•nts ¢ontlnuod forth• Perlod 1st Awll 2024to 318tAuguBt 2WkS SuFPDrt costs Ise8 note 9) Costs Is99 noie 81 Toi81s Courk8011ing Transfwof nel 888ets ky TLC.. Ta Llsten, chgO 149.944 $319 481921 23,832 23132 173,776 3317 504753 DIRECT Ca8TS OF CHARITABLE AcTlEs Perfod 1A24 Yèar Ended 31.324 31.&25 Staff ccts counsel18 2nd psycho4exu81 tsrBPy expenges Bal debts Transferof no14$59ts toTLC: Tth Llsten. Chang• 142,149 4770 79.803 13.629 23.832 173,716 93.632 Ford8tsiLs ofth&transf8r crfnet sets to TLC se8 ncts 13. SUPPORT COSTS ToiaL8 318.892 0.786 4499 331977 AI 8UFPJt have been allctsttd ffj8lnstcounsdltng aLMe6. due tothe deLTraw1 trolnkng athty. Suppjrt costs. IrUd In th? abov¢. are 88 folrm.. P•rfod 1A.24 Year Ended 31J24 Total activiti85 31A25 Counsèlling ggos Stthl securlty Pensions sc tharge Insuranr Rgnt and asscKlabJ 206.346 4551 1991 15,894 49D5 122,364 &129 2,393 12,758 3.089 32,037 2.4 1.860 2.112 3.065 1.756 11.707 Poslagé and staoonery Sundtlès Repairs and maintenanc Dèprnoalk)n oftsngljkn •¥J as59ts Bk thorges Attyjuntancyand b89al 180$ 4415 327 4718 4499 4574 2.065 331977 PAg• 13 inttnued...
Th• R•lalloMhlp Thrapy C•ntr• Ltd prnvlouly known •# R•lats Skv•rn •nd Wy• Ltd Notss to th• Hnanclal Stat•monts- nI1jed f¢rth P¢thd 1st Aprfl 2Q24 to 31st August 2025 10. NEf INCOMEIIEXPENOMJRE N9t In1(0xpendotur0l 1$ statad 8ft8rdHTgIn((dlrSl.' Perlod 1A24 Year EThJed 31.3.24 31A25 OweeAation. trmed assels other op8Fating18as•s dap0ndl ExarrAnerf8 Fee 1736 1142 4,132 11. TRusfEES' REIIUNERATION AND BENEFrrs There were no tw8ttè$' rtffftjnemtknn or otlw bon8Its tr the pgrh)d 31 Au81 2025 for the y ondod 31st March 2024. TRiISTEE EXPENSES Lxhknj tr pgrbd no INst•e$12024,' cmg) Mmt4Jrsod for travel •¥)w$(2o24'. £24) cr othereypo9& 12. STAFF COSTS PeriDd 1A24 Y8at Ended 31.324 31A25 wa and $8lkrfés s181 security costs tJh8r panSIL C)sts 2CKI,901 5,917 2,871 9,107 49$1 357.037 209,689 Tot81 rernun8r4tion linduthng n9)n1 pald to key mwagerrenl T$Onrel durfry the 17 mmlh p¢ri¢d was£128.37012024'. £73,785 for 12 month peAc4Jl. Th$ avwyge numbar clamth¥8s during lh• pwiod was as 114k. 1A24 Y••r EThJ8d 31.324 31.&25 Admini¥lthn Oirect tharii8È vnk 12 12 No 8mkkno8 8mdumont¥ in oxcw ofW.tKii. Page 14 tinugd...
Tho R•laUon¥hlpTh•rnpy C•ntr• Ltd prev1SlY known a• R•l•ts S•¥èm and bVy• Ltd Notss to th• Flnanclal Statwnants •¢ontlnuod forth• 1st Aprll 2024to 31•¢ August 2025 13. TRANSFER OF TRADE AK>ASSEfs TO TL¢: TAU( LisfEK CHANGE On 21 August 202& Tho RolatiShIP Therapy Cantre Ltd m8rg•d with TLC: Talk. StOn. Chenge. Al the oparnttons. as8ets and labilitkes were Iranslerr¢d to TLC.. Tak, Llsten. Chang8 lor£1 consideratk>n. A VI# of £23.832 has beon trBnsfgrr&J after the of the mwger. r¥Jrnwslry th8 cash, rlher assets and lithfjti85 ofTha Rdaticfiship Therapy C•ntre Ltd to TLC.. Tall Llslyn. Change. Tho folhJirq l#t4È sets out the bwk v¥luÈs cl Identlfiebkn as88ts and li98$ trferr9d to TLC.. Toyt. CharvJe. Net a¥s&ts tr4nsf•rY8d: Tanglbk ffixed D8btor8 Cash at bank Cr8ditors 3.103 4.169 26,211 (9.6511 23132 Funth transferred: Funds Funds TrAal Equipment Fund Event Kji Fund General FurKI 830 21.994 21.994 21.994 2332 At thg pevhyj there was cash at bank totallSng £22.363 in bank accounts kn the name ol the ¢orlty hdd as agent tsf TLC: TalK LL8tgn, Changè Ivthkth has not boèn rowgnlsed on the balanu sh8•t on the 815 Ihal Ihe transfw agr80m8nt has 8gn lag81 ¢)wnership ofthts money to TLC: TalK Listen. Charoel. CoMPTIVEs FOR THE 8TATalENT OF FIlIAIK ACTIVITIES Unreth(aed R•strlcted fvntJ$ funds 14. Tot81 INCOME AIID ENDOWWEwf5 FROM Donalorffj legac185 21299 40.05Z 61,351 Ch•rftabh *div#les Counsellry 186,674 13Ag5 210.169 Oth•rtradlng atIo$ Investrnent InMe 7,397 2,211 7,397 2.211 TrAal 227,581 S37 281,120 EXPENDTniRE IJN Charftsblg aGtlvlti•s C(¥Jn8•llw 235.282 59.047 N81 gn{k)SseS) cm iw•stments 1737) NEf INCOMEIIEXPENDrruREI 18,4381 158101 {13,938} RECONCIUATION OF FUNDS T(rtd funds br(>ught foTvrard 10IC67 5.500 107.567 Pay15 itinued...
Th• R•lallon•hlpTherapy Contr• Ltd •vlouslykno¥m 88 Relat? S•v•m and Wy• Ltd Notgsto th¢ Flnanclal at•Ments-n1nu0d forth Pwlod 1¥tAprfl 2024 to 31¥t August2023 14 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACllVmES • conllnu• Unrestricted Re81ted funds Tol81 funds TOTAL FUNDS CARIIIED FORYIARD 93,829 15. TANGIBLE FIXED ASSErs equrnan1 Ath)9 Transfér to tr*narshlp 3A30 13.4301 At 31st Auwst 2025 DEPRECIATION Charg• for yoar Trnnsferto owrhIp 327 At 31StAU 2025 NET BOOK VALUE At 31st August2025 At 31st Match 224 1& FIXED ASSET INVESTMENTS Listad Investmonts MARIrvALuE At 1stAprfl 2024 DwsaL8 RevaluatM8 143,3081 At 31stAugu8t2025 I4 BOOKVALUE At 31st AwJust 2025 At 31¥t Marth 2024 39.642 Py16 ¢Obthued.-
Tho R•lallonshlpTh•rapy Contrn Ltd •vlousfy known R•lats S•v•rn and Wy• Ltd Nots to th• Flnandal Stst•monts-contlnu•d forth• P•rlixl 1st Aprfl 2024 to 31•t August 2025 17. DEBTORS: AMOUNTS FALLING DUE wifHhN ONE YEAR 2025 Trad& debtvs Prgpayments and inc4)m• 9.506 18.900 CREDTfoRS: Amoumfs FALLG DUE WITHIN ONE YEAR Tradg ryedito Pensions Defe¢d In(x)m ACced expen80$ 5,150 1,670 9.091 15.919 2024 DefeTh ng)rr ¥t 1 WI 2024 Ro18a$ed pr•w¢)us Amounts doferrgd in yaar Trarthred to TLC (see note 131 1,670 11.670) 4,240 14,240} 4.851 14.8S1) 1,670 Deferr&J 31 AJJws12025 1.670 D8foml kncfjme relales ts).. f8p5 recewed In advantr Lx>urses yet to be hdd And cfjuns811ing 8essKJn8 not yet1u11J. perfoftnanctrrelatsd grant Int£me tho re p8rfomMnce Wuld to m80t th# inc%Jme recojnib enliuomwt hag not yet C11•d. LENG AGREEMEPIts Or4rdng lea88 4xJmrnllments clgln8lly payalAe by tho ctr• havo bwn Tgawigned lo TLC as pwt of lh8 n5fer ugr•ement18ee not? 131 balarKe in thg yeor s.ooo 5,000 Under thè tsmis of the transfer Bgreom•ni TLC.. T81k. Llsten Change (see note 131. £5,000 from ca¥h hald by 1h• d)arlty at Ume of tranEl8r is to bo retsln¢d In ntrol d thB d)arfty to rneet Any admlnlstratNg. le9al c thr profèsslonal c¥Jsts of the o)rnpeny, 7hith ary rYthl88 remalnlrg on dB8r4ution to t overto TLC: T8H(, Usten Chang9. Page 17
The Relallon8hip Thgrnpy C•rtr• Ltd Pr•v1¢&1y knt)wn 8$ Rdat• Sowrn •nd Wye Ltd Not•8 to th• Flnandal Stotwnènts- conlinu•d forth• P•rfod 1siAprll 2024to 31stAugu•t 2025 21. MOVEMENT IN FUNDS moVnt in funds bthioen fvnds At 1.424 31.8.25 Unr•stricted fw General fund WindirwJ Up Fund 41.839 51.790 221} 34.382 {51.7901 93.629 1962211 1592 Rutrl¢t•<l fundj EquIpThnt Fur¥1 12.5921 TOTAL FUNDS I629) Net rnovewrtnt in lund8, induded in the ab)ve are a8fclo Infxfflkig Rwcwrces Gaths and Movem8nt fvThJ$ Unr•8tdth)d fd6 Ganwal fund 361500 (4N3851 (96221) R••trl¢tsd Adutt Bwsèry Fund Adult Counsollfftg Equipmant Fund Evont Krt Fund Hèrèford Fund 0tionS Managér Fund Redditth Fund YourKJer Pec% Blnary 1501 {149801 19081 19301 {3,0(boi iio.0001 iioooi 12,5001 14980 2.592 030 3.000 10.000 0.000 2.500 (38.368) 592 TOTAL FUND8 150Q753) 193.6291 Comp•r•tlw•tr mov•mont in fund8 Net m¢)vement In fuThJs At 1.423 31.3.24 U$w•strlctfvnd$ Ggnaral fu WindRig Up Fund SO,277 51,790 18.4381 41.839 51.790 102.(67 {8.4381 93.629 R••trl¢t•d fvnd• Trdining Funo 15WOI TOTAL FUNDS 107.567 113,9381 93,629 Pago 18 conlirwjed...
The Rel•tlonship Th•rnpy con Ltd
prloU¥1y kn¢)wn as Rgllto ¥•vorn and Wy• Ltd
Not•• loth• Flnanci•l Stst•m•nts-c¢ntlNod
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Th• Relatlonshlp Trn•Y C•ntr• Ltd •vlously known as Rolats Sevem and Wy• Ltd N¢tss to th• Flnanclal Statamants. condnu•d fort P•rlod l•tAprfl 2024to 31ffjtAugu•t 2025 13. PURPOSE OF FUNDS- conllnu• eoupk Couns•lllng Fund This fund Is rnstiicxed lor Ihe pu¥8 of pmvldiThJ courellIng 8essicffjs fy) aduH8 U[la6 In the ttroil%h. Omborskgy and Rural Prfmwy Care Ngtswr CNldr•n and Young Adull Counwlllng Fund- DroltsAch, Cnbv•ley and tho Rurnl PCN This is rlried for the purposes of Pd(j jU[wOllg 88SgCffiS to youn9 peo? In ffdt4thh. Ombers18y and Rural Primay Care Notswrk. Chlldr•n and Young Aduft Counwlllng Fund- Mal¥•m PCN Thls fvnd IB reslrfcbj ts Ihg wrp0809 of pYovldlThJ cn$?111ng lo wung in the Marn Primary Care Eq1PmOnt Fund This fund is restslctsd flTr9 reipl ofgrBrrt inrAJm•lowwd$the purrth88e oftsrytw 8(W17et. E¥•nt Klt Fund Th18 fundls rnstrlthd Idlowlng roc8ipt ofgrant incomètowud6 the purthese of bred wgnl kiL Glou¢Mt•rshlr• Fund Thfvnd is r&sknct8dfor the Kwjose of WdIng coun8¢111ng $4vlw In GknJc8r8hlr& H•rnford Fund The reslrltsd (uThJ Hor8fcfd Fund was 88tat4ished for the PLWP(tse of prodIng Lxunsdlng wvitss i) HeTetsd. Oldor Burn•ry Fund The reslrided fijnd re the Older People Fund w•$ tstablkihed knr the purpce of $thkllng counserj sess56 troldgr d10nt& Opor•tlon$ Manag•r Fund Thls lund is resth.ded forfvnd$ #wae forthe sary cost8 ofourCygrallw8 Mw4g8r. R•dditeh Fund Thls nd 1$ reslrfL* trth8 wrpo$8 Ofpdr 3ervios in Reddtth. Tralnlng Fund Thk fijnd is rgstnthd fcf gMt8 award1 to 8upmthetralniThJ o)sts ofnffwccdmsolkns. Young•r Pooplots Bursary Ftsnd Th• restsicted fund re the Young8r Peopk's Bwsary Fund was 6stabSthd br th• purw of f4Jb61dl8kng ciwsélh'ry sessIor1¢y Jwr6er dients. Pagg 20
Th• Relatlon5hlp Th•rapy Centre Ltd prnvIlY known as Relats Sovem •ndWy• Ltd D•tall•d Stat•m•nt of Finandal AcOvltl¢8 lorth• P¥d¢)d 1st Aprll 2024 to 31xtAugust 2025 P0d 1.4.24 Yéar Ended 31.3.24 31.8.25 114COME AND ENDOIWIE Donatlon• and l•gad•s EtyJnation 45,611 14.4>J C)nated fadlltles 21.554 61.351 Oih•rtradlng Ktfvlll•8 Sodal lottles QMsullAncy 7,371 In¥tment Inc<J DMdend kncom8 3318 2.211 Chorftsbh admt Counsdllng Grants 328,581 21.980 196.674 13,495 350.561 210.169 Tot•1 in¢omlnq r•wJr¢ 281,128 CIMrftabl• a¢tMth• Wages Sodal sUl P8nsbns Cwnsdlorn pSythMoxu thBTapy ¢xpenses Bad dgbts Transfwolnat as#•ts toTLC.' Talk Listen. Changg 130.633 1556 78.$37 788 478 4rn1 3.025 13.829 23.832 173.776 93.832 support ¢08ts Managom•nt Wage5 122.364 5,129 2,393 12.758 4551 1991 149•4 4905 53239 Pènsions InsurÈnc• 32.037 2,495 Telepho 11.707 1,369 306A50 Postag8 stalkfflery arriad f(ft¥ard 2,112 189.237 ThLs page do68 llotfcffli part of th9 8t0ryfi11¢i$I ststements Pagtr 21
Th• R•latlonshlp Th•rapy C•ntre Ltd prnvi¢>usty kno%Th Relao S•vtm and Wy• Ltd Detailod Ststoment of Finaneiil Advitl•• lorth• Pgrlod liAprll 2024to 31•tAugust 2025 Period 1.4.24 YwEnd8d 31.3.24 31.8.25 Manaoom•nl Brought fon¥ard Sundri85 Rewrs And malntsnance D¢prgciation of computerB 189Z37 800 4415 327 1.756 318,OV2 194.05B Flnanc• Bank th8Tges 47 4.574 Govèrnan cmts A¢wuntancy legal fgos Total QUB frypond 500.753 294,329 Ngt•xpen¢ntur• b•forn galno and loss (973931 {13,2011 R•allwl TgwgnlsBd gains los RealSsed gain8lllc¢wl on tlxèd asset 17371 N•t •xpendturg 193.629} {13,9381 ThLs page d088 nDtforn part oflhe 8tstutyfin8ntlol aatements Page 22