2023-03-31-accounts

REGISTERED CHARifY NUM8ER: 1087562 Chartered Accountants & Busine55 Advisers rt of the Trustees a I d Finantial Stateme forthe Perlod l JaD 2022 to 31 March 2023 for in t Churth Trust Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Bury St Edmund5 Suffolk IP32 7AR Eldo House. Kempsonway, Suffolk 8uslnes5 Park BJrySf Edmunds, Suffolk IP32 7AR 01284 7013 [e-mail].u* knightslowe.co.uk

hurc Conten rthe Pèrlod l Jan Flnanclal S 22 to31 Mar Report ofthe Trustees Independènt Examlner'5 Report Statementof Flnandal Acil¥Stles Balance Sheet Notes to the Financlal Statements 8 to 13 Detalled Statement of FinanclalAcll¥ltles 14

Kl Chufth Trusi for the Perlod The trustees present their report with the financial statements of the tharity for the period I january 2022 to 31 March 2023. The trustees have adopted the provision5 01 Atcounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparin8 their accounts in accordance with the Financial Reporbn8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I january 20191. OBjE￿1VEsANDACt1VmEs Objectives and alm5 The charity, which is a thurch. is 8¥verned by a trust deed and is constituted as a trust. The trust seeks to demonstrate the Christian faith in artion by.. Advanting the Christian faith in Bury St Edmunds. in the unit￿ Kingdom and the world. To relieve distress taLtsed by hardship, need or those who are a8ed or sick in Bury St Edmund5, in the Unlted Kingdom and the world. Publk benefft The Trustees consSder that they h￿e complied with the duty regarding Public Benefit as detsiled in sertion 4 of the Charities ACL havln8 due re8ard to guidance published by the Charitycommission. Grantfflakln In line with our strategic plan to purchase a building and increase our irnpèrt within the communlty, we have reduced grants to other organisations from 34% to 20% of total expenditure. This decision reflert5 our cornmitment to direct resources towards ourBrowth and outreach efforts. Our grant polity can be essentially split In two.. Grants for other organisations- our policy has always been to examine both the purpose of the or8anisation aThd what the provided funds will be aimed at. These use5 rnU5t tonforrn to our charitable aims. we ask lor regular reports on outcornes from these other org3ni5atiOTh5. Grdnts for indivlduals,. essentSally these are hardship grants, and vary in what they are tar8eted at, whether It Ss purchasing a weekly shop for someone or supporting with the purchase of white goods. For any monetary fi6u￿$ glven a budgeting proforrna is run through with the individual to assist them in understanding the total pieture. Thèse form5 of assistsnce a rarely in isdation and we make regular referrals to other charities and agencies as requlred. Pa8e I

r Perlod I nua 31 March 2 ACHIEVEMENT AND PERFORMANCE Revlew of Clturth Acilvltle5 This year marked a return to consistent and regular contsrt between the chufch and the ttmmunity. Followin8 the lifting of lockdown restrictions, we have focused on strengthening our relat¢on5hips and increasing our impact within the community. We have expanded our initiatives, which include: All our exlsting pro8rammes cgntinued to provide growth and impacL including- The ￿ngout. A weeklyyouth meetlng in the town centre, providing a safe space foryoun8 people to gather, learn, and grow together. Annual Trfps to Newday: We have resumed these trips, allowin8 US to sponsoryoung IndSviduals from thè lotal community to attend a we ek ofworship and fellowship. The Allotment.. Our community allotment pr¢)vides opportunlties for Indi￿d￿a1$tO connect and improve their mental health through gardenTrn8 and community activities. Prfson Alpha: Thi5 program continues to offer inmates the opportunlty to explore faith in a 5UPPOrtive environment. with Several prisoners experiencirg personal transfomatlon through our course5. WomÈn's Ald: Through partnerships with local or8anizations like Gina's Salon, we Provide safe space5 for women to regain confidence and build S￿la1 connertions. Churth Wèekend Away: We were pleased to restsrtourannual church weekend away. whith provided an invaluable opportunity for members of the thurth to fellowship. worship, and grow tO8ether in a nurturin8 and support￿e environment. As trustee5 we have instituted new measurement prO￿SseS to allow u5 to understand and measure impact made. We monitor quarterly but receive reports annually lor each initiative, this includes the number of individuals reached with the gospel, and where applicable the number who have a made a commitment to Chrlst. Within this financial year each initiative was considered both a Success and 8r¢)win& of particular note is the allotment beln8 recognised for social p￿scriptIOnS by local healthca￿ and pri50n alpha expandin8 to several courses. FINANc￿L REVIEW Financlal w￿rtIon During this period. our Income increased refletting both strong donatlon income and additional reteipts from other sources. Our eXpend￿tUre increased 51i8htly due to the additional three months induded in this period. The tharivs cash holdings increased from £234,215 to £255,902. The accounts show the charlty had net Incoming resourceslorthe year of£51.02512021.. £84.0321. Administratively, we altgned our yearnd wlth the tax yearnd to St￿amIlTre processes related to Grft Aid and other matter5. We have also transltioned to an accrual basis of accoursting in preparation for a future butlding purchase. To facilitate these change5, we have engaged external bookkeeping Se￿I￿St0 ensure timety management inforniation. At the year end the charfty had total reserve5 of £301,43212021.. £250,407). ReseNes available for 8eneral charitsble purposes were £190.28012021'.1£169.2941. Reserves held In fwed a55èts totalled £20.83312021'. £29.0261. Additionally £89,41912021.. £48,658) was reseNed in the Venue V15ign fund, support*n8 our goal of a fLrture property purchase. The excess funds wtll also help fvnd new initiatives and allow for the expansion of our employed team to better Serve the community. Re$ep￿S pollcy The trustee5 have detemined that the tharitii should aim to hold unrestrlcted cash reseNes of ng less than £50,OC(J, equivalentto about six months of unrestricted expenditure. Atlditsonally, we arè8rowlng a Building Fund in linewith ouraim of a future purchase. STRUCTURE. GOVERNANCE AND MANAGEMENT GovemlDg document The tharfty 15 controlled by its governin8 dwiment, a deed of trust and constitutes èn uninctsrporated charity. Page 2

Church Tru rt of Tlust lorthe Peritid ljanua 2 Marth 2023 STRUCTURE. GOVERNANCE AND ￿NAGEMENT Dedsion makln8 Strategic ¢Yireetion and decisions are made by the Trustees. in ctsn5ultation with the Elders,. he Elders being re5pon5ible for the spiritual 8ovemin8 and teachlng of the church. All bud8ets are set and monitored by the Trustees, with indivtdual budget holders being responsible for expenditure within their a￿a of church life. Trustees are appointed by the Elders and are required to dedare their belief in and alleglance to the Statement of Beliefs. KIn￿ale Chur¢h Kin8s8ate Chureh 15 self-supportin8. The charity is a member of the Newfrontiers family of Churthes and of the Evangelical Alliance and is actively involved with the charity Relational Mission. Kingsgate Church Is part ol the ChurchÈsT¢Éether in Bury St Edmunds and members gf King58ate meet other churth leaders. Pefx>nnel Changes The year 2022-2023 presented challenge5 due to key changes In our personnel. We bid farewell to our Chalr, Andrèw Fife, and a dedicated trustee, Bec￿ Miles, both of whom serned with unwaverin8 dedication and will be great missed. We have welcomed four new trustees. Edward Coningsby. Claire O'Riordan. Jean-Paul DelporL and Steven Blggs, each bringing a weatth of experience and new per5pettive5 to our teèm. Aflditionally. Richard Fish, our long-term treasurer. has stepped down, and we are grateful for his contributions over the years. David Shepheard has joined us a5 our new treasurer and has already made strides tn p05itionln8 us forlurthergrowth. While it was a significant period of change In the trustees. we took a measured approach to recruitrnenL spEcificallv we looked to individually connected to the charity who tould bring 5ornethin8 to the running of the church that would be of benefit. Further to this a 6 month probation period is tsken where potential trustees are invited to meetings, but canngt take part in decisions. This is a tritical part both of trainin8 and ensuring that both the indivitlual and the board believe there is a good fit going forward. Beyond this we have mandatory 5afe8uarding trainin8 as well as more specialist optional training available for trustees on request We belleve the mix attained has Biven us a 8￿at deal of strength with back8rounds from bu5ine5s, eng1neeri￿ law Isolicitor51 and education. Day to day operations of the chèrity are dele8ated to the church administrator, lenny Jackwitch and the lead elder Dave Richardson. Further adwte is provided by the treasurer Dawd Shepheard. Sear£h for Bulldln8 As part of our ongging rnission, we have been èttivÈly seekin8 a permanent base for the thurch and have viewed and reviewed several potential bulltlin85. This process has shaped our ¥eseNes policy. with our aim to secure a central locatior* in Bury St Edmunds from whieh we can expand OUT social outreach capabilities. We recognize the tmportance of a stsb￿ and accessible location tts betterserve our communlty and ensure lon8-temi sustalnability. REFERENCE ANDADMINISTRATIVE DETAILS Re8i5tered Charlty number 1087562 Prfnclpal address Office D Hoste House IURCI Whiting street Bury St Edmunds Suffolk IP33 INR Page 3

of th•Tr￿tee$ afiua 2022 to31 Marth 202 Tntstees John Nicholson Chair Deborah Frappell lappointed 18.11.241 aaire Elaine O'Riordan (appointed S.11.221 JÈan-Paul Delport (appointed 5.11.221 Frantis Edward John Coningsby (appointed 5.11.221 Indepèndent Examlner James Knights AC4 Knt8hts Lowe Chartered Accountants Eldo House Xernpson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AA 8artkèrs CAF 8ank 25 Kin8s Hill Avenue Kings Hlll West Malling Kent ME194JQ STATEMENTOF TRUSTEES, RESPONSIBILMES The trustees are responsible for preparing the Report of the Trustees and the flnancial statements in accordance with applicable law and United Kin8dorn Accounting Standards Iunited Kin8dom GenerallyAccepted Accounting Practicel. The law applicable to charities in England and Wales. the Charities Art 2011. Charity IAttounts and Reports) Regul8t¢ons 2￿8 and the provisions of the trust deed ￿qUireS the trustees to prepare finanual statements for each financial year which give a true and fair view gf the state of affaifs of the charity and of the incomtng resources and application of resources, includin8 the income and expenditu￿, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting po1iciÈ5 and then appty them Consistently,. observe the meth¢)ds and principles in the Charity 50flP.. make judgements and estimates that are reasonable and prudent,. prepare the financial statements on the 80ing Con￿rn ba515 unless it is inappropriate to presume that the charity wlll continue in business. The trustees are responsible for keeping proper accounting ￿CordS which disclose with reasonable a￿uracY at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Aet 2011, the Charfty IAccounts and Reports) Regulations 2L)J8 and the provisions of the tnjst deed. They a also responsible for safeguafdirng the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irreBularities. Approved by oroer of the board of trustees on............................................. and signed on its behalf bv.. John Nicholson-Trustee Page 4

mln ortto iech rchT Kl Independent emamlner's report to the trusteesof Kin8s8ate Church Trust I report to the charity trustees on my èxamination of the accgunts of Kings8ate Church Trust (the Trust) for the period l January 2022 to 31 March 2023. Responslbllltles and basis of rèport As the Charity trustee5 of the Trust you are responsible for the preparation of the atcounts in accordance with the requirèments of the Charities Act 20111'theAct'l. I report in respert of my examination of the Trust's auounts carried out under Section 145 of the Att and in carryin8 out my examination I have fdlowed all applicable Dirertions 8iven by the Charity Commission under Section 14515llbl of the ACL Independent èxamlMr's ststement I have completed my examination. I confirm that no material matter5 have come to my attention in connection with the examination givin8 me cause to believe that in any material respect.. accountln8 records wère not kept in respertof the Tnjst as required by Section 130 of thè Act: or the aecounts do not accord with those records., or the accounts do not comply with the appllcable requirements conceming the form and content of accounts set out in the Charities IAccounts and Repoftsl Regulations 2[#)8 other than any requirement that the accounts give a true and fairview which Is not a matter considered 35 part ol an independent examination. I have no toncerns 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 èctounts to be reached. James Knights ACA The Instltute of (hartered Atcountartts in England and Wales Knights Lowe Chartered Atcountants Eldo House Kempson Way Suffolk 8usine55 Park 8urySt Edmunds Suffolk IP32 7AR Date.. Page 5

t Church Tru Statement ot Fln r the Perood ljanu ncial Actlvltles l March X+23 Period 1.1.22 Year Ended 31.12.21 Total funds 31.3.23 T¢)tal fvnds Unrestricted fund Restrlcted funds Notes INCOME AND ENtIOWMEIITS FROM Don*ions and legacies 165.926 47,472 213.398 205,620 Imiestment income 1.770 15 Total 167.610 47,558 215,168 205.635 EXPENDIWRE ON tharhable actlvltles Church actlvlties 154A17 9326 164,143 121.603 NET INCOME 12,793 38.232 51025 84,032 RECONauATION OF FUNDS Totsl funds brought forward 198.320 5U87 250.407 166,375 TOTAL FUNDS CARRIED FORWARD 211,IlY .319 301A32 250,407 The notesform part of these finantièl statements Page 6

2023 Tgtsl fvnd5 2021 Total funds Vnrestrirted fund Restrirted funds Note5 FIXEDASSErs Tangible assets 20A33 20A33 29.026 CURRENT ASSETS Debtors Cash at bank and In hand 26057 165,584 26057 255.￿3 21,128 234.215 1.319 192.441 90.319 255,343 CREDJTORS Amounts fallln8 duewithln one year io 12,1611 11161) 133,9621 CURRENT ASSErs I￿.2$0 1.319 2W.599 221.381 TOTAL ASSETS LESS CURRENT LIABIUYIES 211,113 ,319 301N32 250,407 NEf ASSETS 211.113 90.319 301A32 250.407 FUNDS Unrestdcted funds Restrlcted funds- VenueVi5ion Fellowship Belsey Bridge event li 211,113 198,320 89,819 5(N) 48.658 SD) 2,929 90,319 52,087 TOTAL FUNDS 301N32 250,407 The financial statements were approved by the Board of Trustees and authorised for Sssue . and were signed on its behalf by.. on Trustee The notes form part ofthese financial statements Page 7

thè Fln anua ments for the Perlo 2022 ACCOUNTING POLICIES 8aslsof preparfngtht frnanclal staternents The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared In accordan￿ with the Charities SORP IFRS 1021 'Accounting and Reportlng by Charitye5.' Statement of Recommended Practice applicable to charfties preparin8 their accounts in accordance with the Financial Reportin8 Stsndard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective l January 20191,, Financial Reportin8 Stsndard 102 Yhe Finanaal Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The finanaal ststements have been preparèd underthe historical tost tonvention. These actounts have been prepared In Pound sterlin& with rounding to whole pound5, the funrtional currentv of the charity. on an accrvals basis for an extended 1S-month period eThdin8 31 Marth 2023. therefore comparative amounts are not entirèly ttjmparable. The management has corscluded that the finèncial ststemerbts give a true and fair view of the entit¢s financial position. financial performance, a true and fair override has been used to apply the Charities SORP IFRS 1021 under the Charities (Accounts and Reports) Regulations 2￿)8, it has cornplied with FRS 102, the SORP except that it ha5 departed from a particular ￿QuIrement of thls SORP to the extent necessary to give a twe and fa¥r ew. Cash in hand Ipetty cashl and amounts held in the current account are defined as highty liquid assets. Creditor5 are recognlsed where the charity has a p￿sent obli8ation resukin8 from a past event that will probably result in the transfer of funds to a thiré party and the amount due to settle the obligation can be rneasureé or estimated reliably. Creditors are normally recogni5ed at their settlement amount. Crltlul attountlng lud8ements and key souros of èstlmatlon uncertainty Estimate5 and judgements are continually evaluated and are based on historlcal experience and other factors, Including expectations of future events that are believed to be reasonable under the circumstsnces. The charity makes estimates and assumption5 conterning the future. The resultin8 accounting estimates and assumptions will. by definition, seldom equal the related actual results. No judgements lapart from those involvin8 e5timatesl have been rnade in the process of applying the èbove accounting polities. The key assumptions concèrnin8 the future and key source5 01 estimatlon of un￿rtaInty at the reporting date that have a significant risk of causlng a material adjustment tg the carrying amounts of assets and liabill￿e$ within the next financial year are the estimation ol the useful economic life of furniture and equipment. Income All income is reco8nised in the Ststement ol Financial Artivities once the charity has entitlement to the funds, it is probable that the income will be recelved and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committin8 the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured ￿llabty. Expenditure is accounted for on an accruals basss and has been classified under headin8S that ag8re8ate all cost related to the category. Where costs cannot be d1￿C￿Y attributed to particular headin8S they have been allocated t0 activities on a basis consistent with the use of ￿SourceS. Grants offered subjert to tonditlons which have not been met at the year end date are noted a5 a tommitment but not attrued as expenditure. Tan8lble fixed assets Tart8ible fiyed a55ets are fvllywritten off over a peri¢)d of three years on a straight-line basls. Page 8 continued...

ru Notesto the Hnanclal Staternents-contlnued forthe Perfod l Janua 2022to 31 March 2023 ACCOUNTING POLICIES- contlnued Ta¥atlon The tharity Is exempt from tsx on Its charitable activltles. Fund atcountl Unrestrirted funds can be used in accordance with the tharitable objective5 at the discretion of the trustees. Restricted fund5 can onty be used for particular restricted pvrposes withln the objects of the tharity- RestrictSons arlse when spedfied ty the donor orwhen funds are ralsed for partlcular restricted purpose5. The tharity turrently has ￿$trIrted funds as ftllows'. Venuè Iftslon fgr the purp05e of a future building purchase. for the purpose of helping individuals either wlthin the church, or outsldè of the church, who may be Sn financial need financial actNity fund forihe church weekend away. whith wa5 previously hosted at 8elsey Brldge forgivingto thurth plantingaetivity. and it 15 not80ing to be used on an on8oln8 ba515. Fellowshlp Fund Belsry Brldle event Mlsslon funds Penslon costs aNI other post.retlrement beneffts The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are thar8ed to the Statement of Financial Activitles in the perod to which they relate. INVESTMENf INCOME Perk 1.1.22 Year Ended 31.12.21 31.3.23 Deposit account interest 1.770 15 GKINTS PAYABLE Pèrlod 1.1.22 Year Ended 31.12.21 31.3.23 Church aCtI￿tIeS 8,144 57,758 Pa8e 9 eontinyed...

Chu s to the Flnan 1 1 Statemen Period ljanu 21031 ntinued lor GRAKts PAYABLE- continued The total grants paid to institutrgns durin8 the peTbod was as follow5= riod 1.1.22 Year Ended 31.12.21 ai.323 Relational Mission Bury Christian Youth Empart West Suffolkvineyard City Church Cambridge Promised future 8rantfundin 22,394 38.923 7,050 1283001 53,773 TRUSTEES, REMUNERATION ANO 8ENEFbTS The￿ were no trustees, remuneration or other benefits for the period ended 31 March 2023 nor for the year ended 31 December 2021. TfUStèes' expenses A twstee was reimbursed for expenditure relating to allotment and Sunday refreshment & communion. totalling £2,397. 2021 Inonel. STAFF COSTS The averagè monthly numberof employees durin8 the pèriod was a5follows'. Perlod 1.1.22 Year Ended 31.12.21 31.323 Employees No employees receNeO emoluments in excess gf £6O,¢X￿. INDEPENDEN[ EXAMINER'S FEES 2021 Feesfor Independent Examination 2.160 2.310 Page 10 continued...

Flnanc forthe Perkxl l Janua I State ents- cortlnued 2022 to 31 March 2023 DEFINED CONTrIBUTIDN PLANS Total employee and employer contributions of £3,423 were rec08n1s￿ in the SOFA during the year12021.' £-1. These Costs are paid from the 8eneral fund. TANGIBLE FIXED ASSETS Equtpment COST At l January2022 Additions 29,026 2215 At 31 March 2023 31241 DEPRECIATION Char8e for year IOJOB NET BOOK VAWE At 31 March 2023 20,833 At 31 December2021 29,026 DEBTORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 2023 2021 Other debtors Prepayments 26A57 18,647 2,481 26A57 21.128 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2021 Other creditors 2.161 33.962 ii. MOVEMENT IN FUND5 Net movement In funds At 31.3.23 At 1.1.22 Unrestrkled fvnd5 General fvnd 198.320 11793 211.113 Rtstrbtltd fvnds Venue Vision Fellowship Belsey Bridge event 48,658 so) 2.929 41.161 89A19 500 12,9291 38,232 ,a TOTAL FUNDS 250007 51.025 301A32 Page 11 continued...

Chu tothe Flnancial Statements- ntlnued riod ljan 2022to 31 Marth 2023 ii. MOVEMENT IN FUNDS- tontlnued Net movement In fvnds, irtcluded in the above are as follows.. Incoming resources Re50urtes expended Movement in funds Unrestrl¢tsd fvnds General fund 167.610 1154.817) 12.793 Venue Vision Belsey Bridge event 41.161 6397 41.161 {2.9291 19.3261 47.5S8 193161 38.232 TOTAL FUNDS 215,168 1164,1431 51.025 Cornpar¥tlv¢slormovement In funds Net movement in funds At 31.12.21 At 1.1.21 Unrestrfrtedlunds General fund 162.3C6 36,014 198.320 Rethtted funds Venue Vision Fellowship Belsey Bridge event 48.658 48.658 5t¥) 2.929 5DJ 3.569 16401 4,(￿9 48,018 52,087 TOTAL FUNDS 166.375 84.032 250.407 Comparative net movement in funds, included in the above are as follows.. Incomin8 resources Resour￿5 expended Movèment in funds Unrèstrlrted fvnds General fund 156,352 1120.3381 36,014 Restrlcled funds Venue Vision Belsey Bridge event Mission funds 48.658 48.658 16401 16251 625 49,283 11.2651 48.018 TOTAL FUNDS 205.635 1121,6031 84,032 Page 12 continued...

Notes to ihe Flnandal Statements. contlnued forthe Period ljanua 2022 to 31 Marth 2023 12. RELATED PARTY DISCLOSURES Salary payments totallin8 £3,467 were made to Eleanor Delport related to trustees Jean-Paul Delport and Claire O'Riorden. These transactions We￿ tondvcted on nomal employeelemployerterms. on an arm's length basi5. No amounts were due atthe period end. Further detalled breakdown5 Of these payments are available on request. Donations withoutconditions totsllln8 £34,675 were received from trusteeslrelated parties during the ￿riod. Page 13

tech Detalled St forthè Perknd IJ ment of Flnand I nua 2022 to 31 h 2023 Perfod 1.1.22 Year En 31.12.21 31.3.23 INCOMEAND ENIX)WMETrns Donlons and ycles tlonations Gift aid Other incgme 178N20 26A57 8.121 151.611 54,009 213,398 205.620 InvÈsbnent Income Dep051t account interest L770 15 Total Incomlnz resources 215.168 205,635 EXPENDITURE Charftsble artlvltlès Wages Pensions Hire of premises and storage unit Outreach activities Church running costs Youth and children's work Insurance Govemance Conferences and events Computer and software costs Other charitsble expense5 Depreciation of equipment Grants to Institutions Grants to indivlduals 45A88 lJ185 24,227 23A37 8.764 28.650 4,999 6,014 19,471 494 1.267 I￿9 4351 30.357 ioA* 53.773 3.985 161.9)7 119,293 Support costs Flnance 8ank char8es Governance rosts Accountancy and legal fees 2,160 2.310 Totsl resources expended 164. 121.603 Nèt Sn¢omÈ 51,025 84,032 This page doe5 not fom part of the statutoryfinancial statements Pa8e 14

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