THE CATHOLIC ASSOCIATION {a Company LimAted by GUarAtee) TRUSTEES, ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 Regl8tered Charlty Number: 1071120 RegA8tered Company Number: 3581414
THE CATHOLIC ASSOCIATION CONTENTS Page IEg818nd Administrative Inforniation Trustees. Annual Report Statement of Fin8Lcial Activities Summary Encome and Expenditure Account Balance Sheet Statement of Cash Flows Notes to the Accounts 9-12 Independent Examiner's Report 13
THE CATHOLIC ASSOCIATION LEGAL AND ADMINISTRAIUVE INFORMATION Reglstered eompany number 1071120 Reg18teTed eharlty nwnber 3581414 Rezlstered Office: 10 Purbeck Close Ayle$bury BUCKS HP219UU DlreetOZ8 and Trn8te¢• Rt. Rev. Paul Hendricks Dr. Rosenwy Belderbos Matthew Betts Sirnon Gallop Anne Hoskins Anna Macer-wright Theresa Mahon Christopher Page Dr. Sadie Vile Rev. Piotr Wygnanski Bankers: CAF Bank Ltd 25 Kings Hill Ave Kings Hill WEST MALLING Kent ME19 4JQ SolldtOZ8: Stone King 13 Queens sqUe BATH BAI 2HJ A¢¢ountant8: Cocke, Vellacott & Hill 28 City Business Centre Lower Road LONDON SE16 2XB 8tockbToker8: J.M. Finn & Co. 25, Copthall Avenue LONDON EC2R 7
THE CATHOLIC ASSOCIATION TRUSTEES. ANfiuAL REI>ORT for the year ended 31st December 2023 The Trustees, who ajso the directors of the clwitable company. are pleased to present thexr report together with the fancial statements of the eh3Jity for the Ye ended 3 1st December 2023. which comply with current statutory requirements. the memor8ndum 8fAd 8rticles of association and the "Charities SORP IFRS 1021.. Legal and administrative inforniation are Set out on page l 8JLd foLrn part of this report. STRUCTURE, GOVERNAIYCE AND MANAGEMENT The chitable company must maintain a register of members who entitled to attend and vote at general meetings which must be held at least twice a year. New members are approved by the existing trustees and must sign the register of members or consent in Writing to become a member. Members are entitled to attend general meetings. No resolution to appoint trustees sh8Jl be valid unless prior to the passing of the resolution. the chainnan has received the written consent of not less than two-thirds of the Pilgrimage Directors. The chaJity has no specific procedures for the induction and training of trustees, but new trustees given a summary of activities 8Ad duties and are offered training by Stone King. The board of trustees meet frequently basis via videoconference. The board appoints the rnanagement comn)ittee and the travel agents, is responsible for strategic issues. policies for $8leguarding. risk. health ad safety, investment policy) approves all charitable grants and adopts the annual report and accounts. The management committee responsible for the detailed 8rr¥ngements of the pilgrimage that takes place each year in August and meet regularly to Settle the detsiled arrangements for the pilgrimage and to review the result8 of the pilgrimage. The major risks incurred are: in the handllng of assisted pilgrims by inexperienced helpers. whilst adequate insurance cover is obtained, training and supervision is provided, and the intention is that the seriously sick pilgrims are only handled by trained and experienced helper8 the proper safeguarding of children. young people and vulnernble adults" the charity's safeguarding policy has been fonnulated, a code of conduct issued and training provided in line with CCSA. OWECTIVES AND ACTIVITIES The charity endeavours to advance the Catho]ic faith by providing for ad assisting poor, sick, disabled and infirni persons of all ages gnd in particular: to help any such persons wishing to make a pilgrimage to the Shrine of Our Iady of IKJurdes or to any other place of religious pilgrimage and to be financially responsible for the organisation of such a pilgrimage. The charity recognises that many assisted pilgTim8 ad Some helpers need financial assistance with the fare and invites applications for help. The charity relies almost entirely on volunteers to orgalSe. staff and run all departments necessaJy for the successbjl operation of the annual 7-day pilgrimage to Lilurdes in August / September. In planning activities for the year the twstees keep in mind the Ch&ity Cornmi5sion guidance on public benefit and whether they have complied with their duties under section 4 of the ChitIeS Act 2011. ACHIEVEMENTS AND PERFORMANCE The trustees. with key members of the management committee, organised a very successful medically supported pilgrimage to Lourdes in 2023. Approximately 400 pilgrim8 came under the Catholic Association banner lone of the largest pl1]M 0uPS in Lourdes at the timel. A full programme of liturgies, processions, talks and other activities was 8Th3nged and enjoyed. Those that came reported that it was week of grace. both for those present. and for those who followed wrtuajly. The results show an excess of expenditure over income of g32,86712022 - £16,719) from activities and losses of £1,975 12022 - los$e8 of £17, 1941 arising from disposals and the revaluation of investments making an overajl deficit of 4.842. The portfolio is reviewed reBuIlY in conjunction with the externBI advisors. tnterest received on deposit balances remains low. The market value of investments is more th8JL their historical cost and this is reflected in the revaluation reserwe shown under The Funds of the Charity on the Balance Sheet.
THE CATHOLIC ASSOCIATION TRUSTEES, AIINUAL REPORT for the year ended 31¥t December 2023 leontinuedl VINANCL4L REVIEW The trustees have examined the requirement for resenrs and consider that its resee$ should be maintained at thexr present level to allow financial assistance to the assisted pilgrims and also to some helpers and nurses. The Chasity is providing increasing financial support to ensure the attendance of key health professionajs and others on the pilgrimage whilst, at the same time individual dioceses e unable to guasantee their ability to fmance them. The trustees undert¥Jte to review this policy 9]u811Y 8nd to take into consideration the changing financial needs of the pilgrimage and the requirements of the Charity Commission. Apart from investment income, the chLty re]ies on donations and fLU]drai$ing efforts by its supporters and on the levy collected from pl]MS. Under the memorandum and arti¢le5 of association. the charity has the power to make any investment that the trustees see fit. The policy of the charity is to operate at break-even, to plough back any Surplus actually made and to invest this on the stock market. when conditions are deemed right. Instructions to brokers are to maintain a balan¢e between capital appreciation and dividend incorne PLANS FOR FUTURE PERIODS The Trustees, the Heads of Service, are planning a bjlly medically supported pilgrimage to IL)urdes for 2024. In order to further reinvigorate the pilgrimage again, #nd to counter the increasing obstacles to pilgrimages (rising travel ad accornmodation costs, post Brexit insurance and medical issues, scarcity of charter fiight oppOrnIties. rising concern over environmental issues). the trustees have taken a number of new initiatives, including improving communications, and committing funds to subsidising a limited number of places for targeted key groups, namely assisted pilgrims, experienced and youth helpers, nurses and doctors. The trustees are actively looking to the future. as$e$¥ing diffwent ways to achieve their charitable objects in a ch8nging world. TRUSTEES The tStee8 who served during the year were.. Rt. Rev. Paul Hendricks ChTi8topher Page Matthew Betts Dr. Rosemary Belderbos Simon Gallop Anne Hoskins Anna Macer-wright Theresa Mahon Dr. Sadie Vile Rev. Piotr Wygn8fAski President (appointed 6. 11.231 (appointed 2 1.9.231 (appointed 4.5.231 (appointed 4.5.231 lappointed 6. 11.231 MANAGEMENT COhfMITfEE The trustees delegate to the management committee, whom they appoint, responsibility for the detailed arrangements of the annual pilgrimage to LAJurdes. The names 8nd respon$ibilitie$ of the management committee during the year were as follows: _ Simon Gallop - Chairnian Steve Gill - Trca¥urer Rev. Simon Blakesley - Pilgrimage Director C]iona Deverewt - PilgTin]age Safeguarding Officer Rev. Eugene C8Jnpbell - Dioces8fA Director Clifton Rev. Huw Williams - Diocesan Dirertor East Ang]ia Rev. Edward Perera - Archdiocesan Director Southwark Dr. Nuaja Mellows Director Stonyhurst Group Chantal Hobday - Director Glanfield Group Dr. Nuala Mellows - Cliief Medical Offlcer Tina Quinn Chief Nurse Brendon Roche Chief Brancdier Lina Al-Araj - Chief Handmaid Andy Joyce - Youth Group L£ader
THE CATHOLIC ASSOCIATION TRUSTEES, ANNUAL REPORT for the year ended 3 151 December 2023 Icontinuedl TRUSTEES, RESPONSIBILITIES IN RELATION TO THE PtNANCIAL STATEMENTS Tlie trustees arc responsible lor preparing tlic Annual Report and the financial statements In accordance with applicable law and Un Itecl Kingdom Gcncrally Accepted Accounting Practice. Company laiv requires Ihe trustccs to prcpare financial statements lor each financial year that give a triLe and rair view of the state of ffairs of the charital)le compan}T and of its siirplus or deficit lor that period. In doing so the trustees are required to.. select sliitable accounting policies Emd apply theTn consistently,. mal<e judgctnents and eslitnales that are reasonable and prudent,. and prepare the financial statements on the going conc¢rn basis unless it is inappropriate to presumc that the company ivill continue to operate. The fi-listees are respoiisible for keeping proper accountiiig records which disclose with reason8ble accuracy at aiiy tiTne the linancial position of the charity and enables them to ensure that the financial tslatLments comply with the Companies Act 2006. The tl'U5tees arc also i-esponsiblc loi- safeguai-ding the assets ol the charity and hence for taking reasoiiabl¢ stcps for the prevention and detection ol- fraud and oihcr irregularities. AUDIT EXEMpfIoN 'rhe company has taken advanli¢ gc of the exemption undei- section 477 of the Companies Act 2006 relating to Small companies and these linancial stalements arL thercfore unaudited. By Order of the Board Chairman Christopher Page
THE CATHOLIC ASSOCIATION STATEMENT OP FINANCIAL ACTIVITIES for the year ended 3 1st December 2023 UnrestTl¢ted Funds Restsl¢ted Funds Total Fund¥ 2023 Total ndS 2022 Notes In¢ome from: Donations and legacies Clwitable activities: Levy on Lourdes pilgrims Sales of clothing Investments 327 20.328 20,655 17.239 9,915 9,915 865 5,760 584 6,344 7.235 Total 16,002 20,912 36,914 25,339 Expendlture on: Raising funds ChaJitable activities: Grants to pilgrims Cost of nmning the pilgrimage Governance 949 949 1,149 11.646 5.760 120 11,646 53.232 3.954 18,803 13.994 8.112 47,472 3,834 Total 52.255 17,526 69,781 42,058 Net gains /1108sesl on investments 11,9751 11,9751 (17,194) Plet In¢ome I lezpendlture) Tran8ferB between Ilmd8 138.2281 15.0001 3,386 134.8421 133.913) 5.000 Net movement In funds 143,2281 8.386 134.842) (33.913) Reconciliatlon of fvnds Total funds brought forwa 158,134 65,561 223.695 257,608 Tot41 fund8 ¢ar2led fonvard 114,906 73,947 188.853 223,695 The statement of financial activities includes all gains and losses recognised in the yeax. All incoming resources and resources expended derive from continuing activities. The notes onpages 9 to 12fvrnipart of thesefinanciai statements
THE CATHOLIC ASSOCIATION SUMhlARY INCOME AND EXPENDITURE ACCOUNT for the year ended 3 1st December 2023 Note 2023 2022 INCOME Gross income 36,914 25,339 Gains (Losses) on disposal of investments based on book values 18291 3,049 36,085 28,388 Total expenditure 169.7811 142,058) NET INcof*IE IEXPEIIDITURE) FOR THE YEAR 133,6961 113.670) of the operations undertal(en by the charitable con]pany during the cuent and preceding year are continuin8 operations. Based on the historical cost the net loss for the yeor would be £40.463 The sun]mary income and expenditure account is derived from the statement of financial activities on page 5 which together with the note8 to the accounts on pages 9 to 12 provides fijll inforn]ation on the movements during the Ye on all the funds of the charitable company. The notes on pages 9 to 12form part of thesefinonciai statements
THE CATHOLIC ASSOCIATION BALANCE SHEET as at 3 1st December 2023 Notes 2023 2022 FIXED ASSETS Tangible assets.. Vault at Lourdes Cemeiery Investments 1,380 113.382 1,380 166,306 Total Flxed Assets 114,762 167,686 CURRENT ASSETS Stock Debtors Cash at bank and in hand Ilel 205 531 75,237 205 507 57,179 Total current assets 75,973 57.891 LIABILITIES Creditors.. Amounts [lIng due within one year 11,8821 [1.882) NET CURRENT ASSETS ILLABILITIESI 74,091 56. 009 TOTAL ASSETS LESS CURRENT LIABILITIES 188,853 223. 695 THE FUNDS OF THE CHARITY Restricted income funds 73,947 6.5. 561 Unrestrlcted funds 94,384 20,522 140,958 Revaluation reserve 17,176 TOTAL CHARITY FUNDS 188,853 223.695 Thc directors are of the opinion that the company is entitlc(I to cxemption from audit under Section 477 01 the Companies Act 2006 relating to small companie5 for the year ended 3 1st December 2023. Thc clircctors confirm that no member or members have requested an audit in accordance ivith Section 476 of thc Companies Act 2006. The directors acknoivledge their responsibilities for". al ensuring that the company keeps accounting records which comply iipith Section 386 and 387 of the Companies Act 2006, and bl prcparing financial statements ivhich give a trLie and fair view of the state of affairs ol the cornpan51 as at the end of ¢ach financial ycar and of its profLt or loss lor each financial ycai in accordance iiiith the requirements of Section 394 and 395 aiid whicli othenvise comply with the rcquirctnents of the Companies Act 2006 i-elating to financial statements, so far a3 is applic¢ible to the company. These financial statements have been prcpared in accordance with the special provisions of Part 15 of the Companies ACL 2006 relating to sma]1 compaTkies. The Financial StateTnents werc approved by the Ti-ustees on20 2024 and signed on their behall by-.- Christopher Page Triistee Registered company numbeL': 358 1414 The iioles oil i?ages 9 to 12fonn part of Iliese fijiaiicial slalepiLents
THE CATHOLIC ASSOCIATION STATEMENT OF CASH FLOW8 For the year ended 3 1st December 2023 2023 2022 Notes Total Income otal ezpendltUTe 36.914 169.7811 25,339 (42.058) Net Ineome lea# ezpendltsre before net galns I1088e8 on Inve8tments Decrease Illlczea8el In stock Deerea8e Ilocrea8el In d¢btot8 Increase Idecrea8el In ¢redltor8 ILve8tment Portfollo: 132,8671 116.719) 150 1241 (77) Purchases Disposajs Decrease lincreasel in cash held as part of portfolio 50,536 413 25,257 892 In¢rease Idecrea¥e) In cash 18,058 9.503 The notes onpoges 9 to 12fomipart of thesefinanciai statements
THE CATHOLIC ASSOCIATION NOTES TO THE ACCOUNTS for the Ye ended 3 1st December 2023 ACCOUNTING POLICIES lal Basis of Accounting The accounts have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at rnarket value and in accordance with the Cornp8nie8 Act 2006 and follow the recommendations of the Chlty Commission in "Charities SORP IFRS 1021°. In common with many other charitable companies of our size we use our accountants to as8lSt with the preparation of the fmancial statements. Ibl Voluntary income is received by way of donations, gths and legacies and is included in full when receivable. Icl Resources expended are recognised in the period in which they are incurred. Idl Costs are 8Jiocated directly to the applicable category. There 8xe no apportionments of overheads. Support eosts to dioceses represent actu81 fin8mcial contiibutions to them to promote the pilgrimage in their dioceses. lel Stock comprises:_ pilgrijnage badges which are valued at the lower of cost and net realisable value shirts loaned to male brancardiers for use during the pilgrimage which are deemed to have a useful life of 3 years arLd written off over that period. lfj Fixed assets The vault at Lourdes is shown at the value it was assumed from The Catholic Association Pilgrimage Trust - no depreciation will be charged on this asset. Ig) Investments held as fLxed assets are revalued at mid-tnarket value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities. Ihl Unrestricted funds donations and other incoming resources receivable or generated for the objects f the charity without specified puryose and are available as general ftlnds. lil Restricted funds to be used for specific purposes when r8ised for that particular restricted purpose. Expenditure. which meets these criteria, is charged to the fid. (il Provision for corporation tax is unnecessary as the company is a registered charity. Gift Aid tax is recoverable on donations. VAT is not recoverable on the ChIty'S expenditure. 2. LEGAL STATUS OF CHARITY The charity is a company limited by guarantee and has no share capitsl. The liability of each member is limited to £1. INCOME FROY*I INVESTMENT8 Unre8tslcted Fund Re8trktsd Fundo Total PuAd• 2023 Total Funds 2022 Income from UK listed investnwits Interest received 5,586 174 S,586 758 7,075 160 584 5,760 584 6,344 7.235 Unr¢8trlet¢d Fundj Reatrlcted Funds Total FuTuts 2022 2023 On-line giving charges Investment management costs 949 949 1.149 949 949 1,149
THE CATHOLIC ASSOCIATION NOTES TO THE ACCOUNTS Icontinuedl for the year ended 3 1st December 2023 GRANTS TO PIlnRIMS Unrestrlcted Funds Restrletd Totsl Fwnd¥ 2023 To&d Funds 2022 Grants to assisted pilgrims 8nd their parents Grants to helpers 11.646 11,646 10.303 8.500 11.646 11.646 18.803 Financi assistance was given to (l l in 2022 helpers. O (none in 2022) assisted adult pil]mS and (33 in 2022) sick children and their carS. 6. Covf OF RUNNING THE PILGRIMAGE u3•trICtQd Funda Re8trlcttd Totsl Fund• 2023 Totd Ft4nds 2022 Subsidies to nurses and helpers Support costs to dioceses Lourdes levy Pilgrimage expenses: Training costs and conferences Pl1lmage director expenses Insurance Prayer books and mu8lC Hire of equipment Marketing and communication5 Badges Food and general supplies Dg8 and medicaj expenses Van hire and coaches Cost of clothing Accommodation General expenses 28,209 28.209 6.248 6,248 90 1,155 688 696 1,456 500 4.088 501 1,279 390 1,051 178 1.033 1.155 688 696 1,456 500 4,088 501 3,436 1,151 3,893 178 1,033 740 620 88 825 loo 2,169 1.417 7,895 50 2.157 761 2,842 47,472 5,760 53.232 13.994 7. GOVERNANCE Uwestrjeted Fund# ReBtrlcted TotAI Fmnd• 2023 Totd Funds 2022 Administration support Secretarial expenses Accountant's remuneration: Independent examiner's fee Account8ncy fee Safeguarding Miscellaneous expenses 1,438 203 1,438 203 5.428 508 480 1,440 213 60 480 480 1.440 213 180 120 256 3,834 120 3.954 8,112 None of the trustees received any remuneration and no trustees (2022 - none) were none reimbursed for comnllttee travel expenses 12022 - £nilJ. The charity has no employees, the work of the cknity being cBThied out by volunteers. Work is also carried out by external organisations and consultants when necests8ry and approved by the board of trustees. The chlty had Some part-time administrative assistsmce for three months of 2023 from employee seconded to it by the Diocese of Birniingham. io
THE CATHOLIC ASSOCIATION NOTES TO THE ACCOUM Icontinuedl for the year ended 3 1st December 2023 . EfivESTMENTS 2023 2022 Quoted Inve8tments Ilsted on the UK ¥to¢k exchange Market value at 1st J8nuary 2023 Additions Disposals Gains / IILJssesl lsing on dispos8Js Gainsl ILos8esl on revaluation 165,464 207,915 {SO,S361 18291 11.1461 (25,257) 3,049 (20.243) Market value at 3 1st December 2023 Historical cost 3 1st December 2023 112,953 92.431 165.464 148,289 Surplus on revaluation 20.522 17,176 Market Value 2023 Market Value 2022 Cost Fixed and variable interest Equities Investtnent Trusts 23.939 50,275 18.217 21.065 54.226 37,662 36.660 84.490 44.314 Total quoted Investment8 Cash held a8 Part of Investment portfollo 92.431 112,953 165,464 429 429 842 Total 92.860 113,382 166,306 The following investments exceeded 50/0 of the v8Jue of the portfolio at the year end: 3. 100 Blackrock Su3t American tncome Trust ord. Ip shares with a market value of £5,890 10,000 SVS Church House Investment grade fixed int inc She8 v4ith a market value of £1 1, 115 7.300 Aberdeen Standard global index linked income bond with a market value of £9,950 1.650 BP ord. US$ 0.25 she9 with a market value of £7.691 230 Diageo ord. 28.935 185p shares with a market value of £6,569 400 GlaJtoStnithKline ord. 0.3 125p sha$ with a rnket value of £5.801 1,850 tmpax Environrnent8J mketS ord. lop shares with a market value of £7,400 937 Land Securities Group ord. 10.67p shares with a market value of £6.604 2,800 Murray International Trust ord. 25p shaTe8 with a market value of £7,224 1,000 Hender80n Smaller Companies Investment Trust ord. 25p shares with a mket value of £8.250 6.500 Link Fund Solutions Trojan X Inc. shares with a nwket value of £8,252 3,000 Securities Trust of Scotland red. ord. Ip She5 with a rnarket value of £6.510 DEBTOR8 2023 2022 Sundry debtors 531 507 10. CREDITOR8: Amounts f8JJing due within one year Other creditors 2023 2022 1,882 1.882 li
THE CATHOLIC ASSOCIATION NOTES TO THE ACCOUIITS Icontinuedl for the Ye ended 3 1st Decernber 2023 I I. ANALYSIS OF NET A8sFrs BETWEEN FUND8 ReBtrlcted Ineome Futtd8 Unrebtsleted Fimd¥ Total Chorfty Fund• T8ngible fixed assets Investments Current assets Current ]iabilities 1,380 95,336 20.072 11.8821 1.380 113.382 75,973 11,8821 18,046 55,901 Net a88et8 at 318t Deeember 2023 73.947 114.906 188,853 12. MOVEMEPIT IN RESTRICTED INCOME FUIIDS At lot January In¢omlAg 2023 Reiouree8 Outgolng TrAL8fezs At 31Bt December R¢•ouree• anllouti 2023 Glanfield Children's Group Fund Catholic A$sociation Hospitalité of Our Lady of Lourde8 Fund Nell Atkin Fund 29.866 19,876 114,3161 5.000 40.426 14,499 21,196 1.036 1601 13, 1501 15,475 18,046 65,561 20.912 117.5261 5.000 73,947 Glamfield Cldldren's Group Fund This exists to accommodate the speciaj needs of young sick children. Catholl¢ AsBoetatlon H08pltaUté of Our Lady of Lourdes Fund This provides for the fellowship and spiritual needs of those who go to Lourdes to care for the sick. Nell Atkln Fund This arose from donations received from the f8mAiy of a fornjer helper in her memory to support past helpers who would be unabLe to travel to Urde8 without fllwicial assistance and to promote the benefits of Lourdes to potential new young helpers. 12
THE CATHOLIC ASSOCIATION INDEPEfiDENT EXAMINERIS REPORT TO THE TRUSTEES OF THE CATHOLIC ASSOCIATION I report to the ch8rity trustees on my examination of the accounts of the Company for the Ye ended 31st December 2023. RESPONSIBILITIES AND BASIS OF REPORT As the charity's trustees of the Comp3ny land 80 its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Comp8ntes Act 2006 1.the 2006 Acv). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent exaJnination, I report in respect of my eaMinatiOn of your charity's accounts as carried out under section 145 of the 2011 Act l.the 20 1 l Act"). In carrying out my ex8Jnination I have followed the Directions given by the Charity Commission under section 14515llbl of the 20 1 l Act. INDEPEr1D EXAfaxNER'S STATEpaENT I have cotnpleted my examination. I confirni that no material nratters have come to my attention in connection with the examination giving me cause to believe: 111 accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 121 the accounts do not accord with those records. or 131 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts Eive a °true and fair. view which is not a matter considered as part of an indepcndent eJvamin&tion' or 141 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recornrnended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financi¥J Reporting Standard app]icable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come acr08s no other Tnatter$ in connection with the examination to which attention should be drawn in this report in order to enable a pmper understanding of the accounts to be reached. DAVID WARREN BA FCA Cocke, Vellacott & Hill 28 City Busines8 Centre Lower Road LONDON SE16 2XB 2024 Tbis page does not form part of the statutory aecounts 13