Charity number. 1129153 The Sidney:. Centre Charity BOARD OF TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
SIDNEY WEST CENTRE CHARITY CONTENTS Page Reference and admlnlstra¢lve detsll8 of the Chawlty. Its ¢ru8tee8 and advl¥grs Board of Trustees. report statement of financlal activltles Balance Sheet Not0$ to thè financial stat•m•nts Independent Examlnerfs report
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THEYEAR ENDED 31 MARCH 2024 Board of Trustees Chrfstlne Cherry Ellk% Anne Eves Drdne HeeS Sirnon Hicks- Chairman stephen Laing Charlty registered nurnbBr 1129153. Principal office 96 Church Walk. Burgèss Hill, West Sussex. RH15 9AS. Finan¢ial Report prepared by: Burgess Hill Town Counal, 96 Church Walk. Burgess Hill. RH15 OL Auditors Mulberry & Co Chartgr8d Certified Ac£ountants & Chartered T8xAdvisers. Eastgate House, Dogflud Way. Famham, Surrey Gug 7UD Bankers National Westminstsr Bank, Haywards Heath. Page 1
BOARD OF TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Board of Trustee5 submit their annual report and the finanoal statements ol the Sldney Wast Contr8 Charity Ithe Charity) for the year end8d 31 March 2024. The Board of Trustees confirrn the annual report and financi81 statements of the Charity comply wlth current statutory requirements. the Uiree& of th8 Charity$ goveming document and the provisions ol thè Stat8mgnl of Rernrnmended Practlc8 ISORPI "Awounting and ReportiT¥J by Charities. issued in March 2005. STRUCTURE, GOVERNANCE AND MANAGEMENT Constrtution The Chanty is governed by a Memorandurn and Articles of Association, dated 31 Octobar 2008, and is r&gistered Charfty number 1129153. Method of Appolntment or Elactlon of Board of Tru$te•s The rnanag8rn8nt of the Chartty is the responsibility of th8 Board of Trusto6s, which is 818Ct8d under tho lerms of th8 M8rn0randurn and Ar¢109 of Association. Organlsatlonal Structure and Declslon Maklng The Board of Trustees m88L8 quarterfy and makos the tnain decis)nS regarding the business of the Charty. 11 delegates the day to day running ol the CMnIty Centr8 to Burgess Hill Town Council. Rl$k Management The 8oard ol Trustees has assessad thè major risks lo which the Charity is expos8d, in parCular those relal8d lo the operations and financ8s of the Chanty. and 15 5ati5fied that systems a in place lo mitigate its 8xposur& to the rn8jor risks. OBJECTIVES AND ACTVIlEs Pollcl¢¥ and Oble¢tlv•s T prinopd thIlS of the Charity are to promot8 Ihe nefit of the inhabitants of Burgess Hill in the County of West Sussex and to establish, maintsin and manage a Cornrnunty Centre. There have be8n no changes to the obOs in the last y8ar. ACHIEVEMENTS AND PERFORMANCE Revlew of Actlvlties The Charfty continues to btr a w811-u58d farAIIty from fitness, rnarti818rts and chiklren's party hirw5 through to being the local area's farnily safeguarding lo¢ation. Financial results for the yearshow a deficit 01 £6,858 du8, in the main. to increasod rnaintenanc8 charges. Inv•stment pollcy and Perfonnance Nel CurrèntAss8ts r8rnain strong allusl under£74k, and, wh8re Pos. fvnds have been b8 p18c8d on long temi deposts wth establishj high street banks and building 50oeties. Rglatwl thlrd party transaction8 During tho year und8r r8view, th8 Charity was Chargod £16,200 by Burg8s$ Hill Town Coundl lor Managernent F888. This Is Shown In the a¢¢ounts under nots 3'Resourc8$ Expgnded". At the year-end date, th8 town council held £88.498 of the Charty's funds. P8g8 2
STATEMENT OF FINANCIAL ACTWMES lincorporating in¢ome and expenditure account) FOR THE YEAR ÉNDED 31 MARCH 2024 Total nds fvnts 2023124 2022123 INCOMING RESOURCÉS Income from the hire of facilities Grant Income (Covidl Interest eamed TOTAL INCOMING RESOURCES 51.251 44,405 2,192 516 RESOURCES EXPENDED Running Costs Manag9rnent Faè TOTAL RESOURCES EXPENDED 44.101 16.200 36.214 16,200 NET INCOME I IEXPENDITUREI 16,8581 1,4931 TOTAL FUNDS AT 1 APRIL 2023 80,359 87.852 TOTAL FUNDS AT 31 MARCH 2024 I funds alè unrestricted The notes on pages 8 to 7 forn part ofthese finanaal statements. Page 4
FINANCLAL REVIEW Res8Nes Pollcy 11 is the policy of the Charity lo rnaintain a Sinking Fund for th8 long-terrn futurè rèp8ir and replacement of major items of expenditu. Currently. 50% of the annual surplus, if any. is transferrèd a8eh year to the Sinking Fun(l. Prfnclpal In¢omg The Charitys principal Income is darivad fr(xn hiring out the faaliti85 at the Community Centr8. PLANS FOR THE FUTURE The Charity will continue to hire-out the facility to local groups and indivKluals. This report was approved by Ihe 8oaTd of Twstees on JL ivPn024 and slgned on thair behalf by.. Chalrperson Slmon Hlcks Page 3
BALANCE SHEEf AS AT 31 MARCH 2024 2023124 2022123 CURRENT ASSErs Debtors & pr8payment8 Cash at bank Intra Account IBHTC-Neti Total Current Assets 6.113 24.338 88.498 118.949 36.411 86,093 122,504 Creditors- amounts falling within 1 year Aecruals and Advan Incx)me Inter Liabilty Inetl- BHTC Total Current Llabilitie5 2,950 42,498 3,817 36,617 1,911 42.145 NET CURRENT ASSErs 73.501 80.359 TOTAL NEf ASSETS 73.501 80.359 CHARITY FUNDS General Funds Desvjnated Funds TOTAL FUNDS 17.716 55,785 73.501 24.574 55.785 80.3S9 These finanaal statements were approved by the Board of TteeS on?IIsqJ2024 and gned on their behalf by.. Chairperson Simon Hl¢ks Graham Falrbaim. Flnance Manager Page 5
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Basis of preparation of flnan¢lal statoments The financial statements have be8n prepared und8r the historlcal cost convention, with the exception of Investmtsnts Irf applicable) which are included at market value, and in acwrdance with the Financlal Retorting Standard Ise¢lion 1A of FRS 1021. The financlal 5tat8rn8nts have be8n prepared In accordance with the Statem8nt of Re¢ommend8d Practice ISORPI, 'A¢counting and Repong by Charfties. published in March 2005 and applicab18 accounting standards. 1.2 Fund accountlng G8neral funds 8r8 unrestrlctod funds whlch 8r8 available for use at the discretion of the Board of Trustees in furtherance of the gener81 objective5 of the Charlty and which have not been d88ignated for other purposes. De9ared ftjnds are unrestricted funds which have been set aside by the Board of Trustees for particular purposes. The aim and use of each d85ignated fund is set out in the notes to the finanoal statements. To change U)e purw)se for which a d8S4gnated lund ha5 be8n Set-up, must be approved by Ihe Board of TNstees. R8StnGted fvn¢ls Irf applicable) ar8 fund$ whSch are to be used in &ccixd8nce with specific restricbons imposed by donor8 which have be8n raised by the Charity for particular purposes. The cost of raislng 8nd administering such funds are ch8rged against th8 5P8ufic fund. Th8 8iffl and use of each r88tricted fund 1$ set out in th8 notes to tho fin8ncial statsmants. Investment income. gains and Ic6s8s, rf idgntifiabje, ar8 alk)cated to the 8ppropriate fund. 1.3 Incomlng oUr¢e8 l incorning resour are induded in tt)e Statement ol Finan81 Activities when th8 Charfty Is logally entitled to th8 inc(xne and the amount can b8 quantified with r8880nabl8 aur•ey. Gifts in kind ¢Jonated for distdbution lif any) are included 8t valuation and rewgnised a5 income when th8y are distributed to the projects. Gifts donated for resale Irf any) are included as inLYXll8 when they are sold. 1.4 R850urces ¢xp6nil•d 18xpendlture is accounted for on an accruals ba515. 1.5 Tanglble fixed ass•ts and depraclatlon There are no tangible fixed assets or d8preclation. 1.6 Staff and Tru$teos' cost5 The are no staff or Trustees, (x)sts. 1.7 Pension Commltments Thera are no penslon commitments. Page 6
2023124 2022123 INCOMING RESOURCES 2,509 48,742 51,251 2,617 41,788 44405 Ad-hoc hirers Regular hirer5 Total income RESOURCES EXPENDED Cleaning Electrfc Gas Insurance Maintenanc81RepalrslRenewals M8nag8m&nt Fees Planting Securlty Waste Management WaterlSewag8 Other costs less than £1,000 Totsl Resource5 Expended 9,638 4.089 6.262 989 19.038 6,200 1,092 1,262 160 957 614 60,301 9,842 2,329 5,212 929 15,327 16.200 600 1,034 145 366 530 52,414 DEBTORS preyrnents Sales Ledger Accrued Income Total D•btors 603 5,447 63 6,113 804 35.607 36N11 ACCRUALS AND ADVANCE INCOME Accruals Advance Income rotsl A¢¢ruals and Advance Incorne 888 41.610 42.498 727 35,890 36,617 CHARITY FUNDS General Funds Funds Bwd 0110412023 Incoming Resour$ Transfers out Total General Funds 3110312024 24.574 16,8581 32,067 17,4931 17.716 24,574 Designated Fund5 a.SinkiTng Fund Funds BIFwd 0110412023 Transfers In Total Slnklng Fund 3110312024 55,785 55,785 55,785 55.78S Total charlty Funds as at 3110312024 73,501 80.359 Page 7
Inde ndent Examination Notes Sidne West Centre Chari Year Endin 31st March 2024 Direction I: Ched( whether the charity is eligible ts have an indepèndent examlnation. The examiner must chèck to see if the charity is permitted to have an independent examination or whether it is required to have an audit by charity or company law or for any other rea50n. If the trustèes have chosen to prepare the accounts on a reteipts and payments basis. the èxaminer must check that the charity is eligible for receipts and paymerhts accoun The charty is registered at the charities commission under the number 1129153, its objertwes are to establish, maintain and manage a Sports and Community Centre for the benefit of the inhabitants of Burgess HIS1 in the county of Westsussex. To promote the benefit of the inhabitants of thetown of Burgess Hill inthe County of West Sussex without distinction of sex, sexual orientation, race or of political, religious or other opinion5, by associated together wSth said inhabitants and the local authorities, voluntary and other organisations in a common effort to 3dvance education and to provide facilities in the interests of social welfare for recreation and leisure time occvpation with the objert of improving the condltions of life for the said inhabitants. To establish or secure the establishment of, a communtty centre and to maintain and manage the same Iwhetheralone or in co-operationwith any local authority orother person or body) in furtherance of these objerts. Its governing document is a memorandum and articles of a5$0clation in¢()rporated 3rd of February 2009. It is managed by a board of trustees. Key Stats 2024 118.9k 73.5k 55.4K 60.3K 2023 122.5k 80.3k 44.9k 52.41k 2022 128k 87.8k 45.93k 43.42k 2021 2020 Gross assets Net assets Income Expenses 55.21K 34.90k 49.97k 44.89k A charity is required to have an audit for financial years ending on or after 31 March 2015 if either it5 gross income exceeds £lm, or its gross income exceeds £250,000 and the gross assets (not net assets) eXed9 £3.26m. If the gross income for thè year is £25,(MJ) or less, an indepèndent examination is not required. but the trustee5 may decide to have one If they wish. If the gross income of the charity exceeds £250,000, then only persons who a members of one of the listed bodies an undertake the examination. If the chority Is not a tharitable COTnpany la charitable company incorporated under company lawl then receipts and payments accounts may be prepared provided thatthe gross income Is £250,000 or less and accrua15 accounts are not required by the charl$ governing document, a condition of fundin& or for any other reason. If the reIPtS and payments option is not available or has not been takèn then accruals accounts must be prepared following the applicable SORP. Independent examination eligible by member of a professional body Charity has elecled to not use Receipts & Payments Ba51% as accounts contain accruals. The Trustees have n¢t requestèd an audit. Mulbery & Co are registered members ofthe ACCA. Conclusion.. Independent examlnation eligible- as income below £lm and assets below £3.26m. Accruals accounts wlth independent examination
Dlrectlon 2: examinatlon. Check for any confllrt of interest that prevent5 the examlner from carying out their Independent The èxamlner must not be Influenced. or percelved to be Influenced, by either close personal relationshlp wlth the trustee5 of thè charfty, belng a malor donor or havin8 control or slgnlficant Influencè over a major funder to the charity, or through day to day involvement in the admtnlstratlon of the tharity belng emamined. The examlnèr must ensure that thère are no matters and no potentlal matters that would reasonably grve rise to a perceptlon of thelr Independence that would affect thelr ability to carry out the exarnination in a wholly objertive manner. There are no known conflicts or related partytransactions. We have no professional or personal relatlon5hips with the trustees. We do not carry out any other professional assignment5 for this client. Conclusion: Thère are no conflicts of Interest and no as50ciatlons that prevent us from undertaklng thls asslgnment. Dlrectlon 3: Record your independent examlnatlon. The examiner must keep a retord of thelr examlnatlon and the toncluslons reached whlth Is suffitient to allow a third party unconnerted wlth thèlr work to tonclude thzt they have followed the Dlrectlon5 Ilncludlng Directlon5 1 and 21 Work undertaken.. Workings completed to check accounts with accounting records, bank statements. Review of underlying Sage data for March 2Q23 The information required fDr examination was available within the accounting records. Workin8 papers are kept in the dlent folder elertronically and backed up to our main cloud server. All access is via password. Engagement letters issued September 2023. The accounts did not contain large nurnbers of adjusting entries, errors or misstatements. Conclusion= Our worklngs and conclusion contalned in this ptsrt are supported by working papets held on file.
Dirertion 4: Plan the independent examlnatlon. To plan the specific examination procedures. appropriate to the circumstances of the charity. the examiner must review: thè thari$ constitution the way the organisation is controlled and managed. whether action has been tsken on any previous recommendationsfor improvement the aetounting re¢ord5 and systems the charivs structure, its funds and how fvnd balances Changed in the year. the charl$ activities In the year and spending and the financial risks the tharity faces Research rarried out to understand the objectives of the charity, reviewed Tru5tees' Annual Return and information contained on the Charities Commission website. There has been no chan8e in the nature and scope of the chariWs activities in the year under review. Sidney West Centre operates a vlllage hall for community use. Its main income is from letting the hall. and Its maln expenditure is management charge and costs of running and maintaining the hall. The total closing bank balance was £86K down from £127k last year. A deficit was made this year compared to a small Surplus last year. The charty is controlled by a board of trustees. There have been no incidences in the past of error or misstatement. There are usually clrca 200-300 transactions per year covering both income and expenditure - all transactions are recorded in Sage. The records are neat and tidy and easy to follow. Sample testing of randomly selerted items will be undertaken. Conclusion.. My opinion Is that Inherent risk of error or mi55tatement is low. I will verify the balance sheet Stems to third party evldence and will reviewthe ledgers to ensure items are posted to the heading to which they late.
Dlrertlon 5: Check that accountlng records are kept to the requlred standard. The examiner must ensure that accountln8 records have been kept in tompllance wlth the relevant le6151atfve requirements. Accounting records are kept on Sage system. No change year on year. The accouNting records are easy to follow and aTe up to date,. there is evidence of bank reconclllatlons belng carried out correctSy, performed at least annually. The charlty has circa IQ-20 transactions per month. The rnajority gf income195%+ related to lettings and the balance interest. Income Is posted via the in-built sales led8er. There is no evidence to Suggest the Sage system is not in compliance with any legislative requirements. We would not recommend any chan8e. Conclusion: My opinion is that the charfty Is keeplng the correct record5 for a charity of this size.
Direction 6: ChÈtkthat the accounts are consistent with the accounting record& The examiner must compare the accounts of the charity with the Charit5 accounting records in sufficient detail to reasonably conclude that the accounts are not m*erially inconsistent with the atcounting records. Intome resouS- £58.44312023.. £44,9211- this comprises Hire of £51,25112023.. £44,405) and interest income of £2,19212023.. £5161 The nature and scope of income has not changed yearon year. Interest has Increased dueto a general increase in interest rates and is not unexpected. Thè accounts match the underlying trial balance records exartly. Resources Expanded - £60,30112023: £52,414) This comprises njnning costs £44,10112023.. £36,214) and Management fees of £16,200 12023: £16,200.) Of the runnin8 costs £19,038 12023.. £15.3271 comprisè maintenance, repair5 and renewals and £9,63812023.. £9,842) Cleaning. The accounts match the underlying trial balan records exactly. Bank & Investment BalanS £24,338.4412023= £86,0931- I have verified the year end bank reconciliation. Balance5 on the accounts are reconcilable to the underlying cOrdS. The accounts show a debtor balance of £5,44712023: £35,607) There is a new balancethisyear pertainingto a trea5uryfvnctlon managed by Burgess Hill Town Council, which shoes a net balance owing to the Charity of £88,498. Conclusion: Balances on the accounts are reconcilable to the underlying documents and prior year accounts. Dlrectlon 7: If the attounts are prepared on an accruals basis and one or more related party transactlons took place the examiner must check if these were properly disclosed in the note5 to thè accounts. The examiner must check that the trustees have considèrèd If there were any related party transactions in the reportlng period and check whetherthe trustees have madethe disclosure5 required by the applicable Statement of Rècommended Prarthte IsoRpI in the notes to the accounts. There have been lated party transactlon In the year- I wlll advlse the client to add a dlsdosure to the accounts
Dirertion 8 Check the reasonableness of the slgnifitant estimates and judgrnents and attounting pollcies used In accountlng for the types of fund held and in the preparation of the a¢count5. The examiner must- check whether the separate funds of the charity have been correctly accounted for and reported corrertly In the accounts check the reasonablÈne$5 of any slgnlftcant est5rnates or ludgm¢ntS that have been made in preparlng the accounts where accruals actounts are prepared, theck that the accountin8 polic5es adopted are cons5stent wlth the applicable Statement of Recommended Prartlce.. Accountlrhg and Reportlng by Charltle5 ISORPI and are appropriate to the activities of the charlty The accounts are prepared on the going concern basls. The are no restricted or designated funds. Other Items tested above in direction 6 Concluslon: Accounts agree and are ¢orrertly stated. Dlrertlon: 9 Dirertlon 9 The examiner must Check whether the trustee5 have consldered the financlal clrcumstances of the charityat the end of the reportln8 period and, if the accounts are prepared on an accruals basis, checkwhether the trustees have made an assessment of the charltys posltlon as a golng concern when approvlng the accounts. Where accruals accounts are prepared, the examlner must ensure thatthe disc105ures about golng ¢oncern requlred by the applicable Statement of Recommended Practice ISORPI are made and that the trustees, asse55ment of golng ¢on¢ern is reasonable 8iven the avarlzble informatlon. In particular the examiner must check If any material uncertalnties related to events or tonditions that cast significant doubt on thé charitys ability to continue as a 8olng concern are dlsc105ed In the notes to the accounts. Where esther recèipts and payments or accrua15 accounts are prepared, the examlner must conslder whether the trustees have assè55ed what involces. bi115 and commltments remaln 0$tandIng at the end of the reportin8 period and whetherthe trustees have Identlfied If they can settle these as and when they fall due. The trustees conslder the Charity as a going conrn. There are no Material uncertainties that cast doubt on the continued functioning of the charity. A5 above there arè no contingent liabilitSes to be entered Into the accoLtnts. Condusion.. No evidence to suggest future liabilities and Commitments have not been included. There are no material uncertainties.
Direttion 10 Check the form and content of the account Thè examiner must carry out such procedures as the emaminèr conslders necessaryto prowde a reasonable ba5[5 on which to conclude whether or not the accounts have been properly prepared. The examiner must: where receipts and payments accounts have been prepared check that the charity can lawfully prepare such accounts, that all the actounting statemet)ts are present and that the funds of the chartty are corrertly identifjed: or where accruals accounts are prepared check that they comply with the applrcable Statement of Recommended Practice: Accounting and Reporting by Charities ISORPI and the applicable accounting standard. and if the charity ts a company. check that the accounts also comply with the appllcable company law requirements. Accounts report content and form checked example report5 on the charity tommission website. No reason to believe the accounts have not been prepared Sn accordance the required guideline5. Direction 11 Identify items from the analytical review of the account5 that need to be followed up for further emplanation or ÈwdÈnce. The examiner must carefullytonsiderlf. durlngthecourse of theirexamination, items werefound thatwere material to the accounts which need further explanation or supportlllE evidence. If the examiner Is concerned that the harit*s accounts could be matÈrially misstated. then the examiner must undertake sufficient additional work to be satisfied that any such item has been èxplained and corrertly included in the accounts. The examiner must be alert to any related party transactions that require separate disdosure in the accounts. Where the examiner is not satisfied on any item thèn thè examlner must refer to it in their independent examinerfs reporL As shown under dirertion 6 there has been no change in the nature or scope of the charitres actNities. No Items were Identified as needing additional documentary support. There is no eviden from our review thatthe financial elements of the accounts are not consistent year on year.
Dlrertlon 12 Compare the trustees, annual report with the accounts. The examiner must comparè any narrative information or figures In the trustees. annual report with the accounts in orderto identlfy any material inconsistency between the trustee< annual report and the accounts If your charitys income Is under £l.000.rx)O land providing it doesn't have assets worth more than £3.26rrillionl, prepare a simple report including= your charitls name, registration number, address and trustee names its structure and details of how it is managed, including how it recruits trustees its activities and objectives in the year its achievements and performance, includlng reportlng on its public benefit a flnancial review including any debts and details of your reserves policy lif applicable) details of any funds held as a custodian trustee You can put more detail into your trustees, annual report if you want to. You only have to send a copy to the comrnission with your annual return if your income is more than £25,000. But you need to send the comrni55ion a copy if it asks for r(. The trustees report Is In a8reement with the accounts and contains the levant information Dlrectlon 13 Wrlte and $18n the Independent examlnatlon report. The examlner must revlew the conclusion5 from their independent examlnation and thèn prepare and sign thelr independent examinerfs report. The content of their report must cover all the matters required by the 2008 Regulations. If the examiner has IdentSfied a matter of concern because one or more of the specific matters listed In the 2008 ReBulation5 or in thls Dlrectlon are preseftt or remain unresolved then the examlner mugt bring It to the attent5on of trustees In thelr Independent examlnerfs report. No cause for ¢on¢em during the examination, nothlng has come to my attentlon. No inconsistencSes orose between accounts and the record5.
Independent Examlnerfs Report to the trustees of Sidney West Centre Charity I report to the trustees on my examlnatlon of the accounts of the Sidneywest Centre Charity (the Charity) for the year ended 31" March 2024. Respective responsibilities of trustÈ•s and examlner The charity's trustees ar& spOnSible forthe preparation of the accounts. The charity's trusle8s considèr that an audit is not required for this ygar Ljnder section 144121 of the Charities Act 2011 {Ihe 2011 Acll and that an independent examination is needed. It 15 rny responsibilty lo.. exarnine the alounts under section 145 of the Charities Act 2011 to follow the procedures laid down in the general Directions gNen by the Charity CommiSsK under section 14515llbl of the 2011 Act to state wh9ther particular matters have come to my attention. Ba$1$ of indèp•ndent examlneVs report My èxamination was carrled out in accordance wf(h the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a cornparison of the accounts prèsènted with those records. 11 also includes consideration of ally unusual items or disclosures in the accounts, and seeking explanations from you as trustees conmIng 8ny such matters. The procedures undertaken do not provide als the evidence that would be required in an audit and wnsequèndy no opinion is given as to whether the accounts present a ruè and fair view, and the report is limited lo those matters set out in the next statement. Independent examlnefs ststement In connection with my examination, no matter has com¢ to rny attention.. 111 which gives me reasonable cause to believe that in any material respect the requirernents.. a. to ke8p aecounling records in accordance with section 130 of the 2011 Act and b. lo prepare aceounts which accord with the accounting records and comply with the accounting requirernents of the 2011 Act c. have not been met or 121 tr) Whh, In my opinion, attention should be drawn in ord&r to enable a proper understanding of the accounts to be reached Mark Mulberry BA (Honsl FCCA CTA Mulberry & Co Registered Accountants and Tax Advisors Ea3tg8le House Dogflud Way Famham Surrey, GU8 7UD