REGISTERED CHARITY NUMBER: 1129995
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
ORPINGTON BAPTIST CHURCH
ORPINGTON BAPTIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 16 |
ORPINGTON BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
Orpington Baptist Church is an unincorporated charity, registered charity number 1129995.
OBJECTIVES AND ACTIVITIES
Public benefit
Our principle objective is the advancement of the Christian faith. This includes our Christian education and worship for people of all ages but also our commitment to serving the community and being outward looking both locally and internationally.
To enable the better fulfilment of our vision the Church employs, on a full time basis, a Senior Minister, a Youth Worker, a Children's Worker and on a part time basis a Worship Leader, a Café Manager, two Administrators on a jobshare basis, and cleaners as needed. We also have two Ministers in Training taking a very active part in the life of the Church. Many of the groups and activities are also led by a large number of volunteers who give freely of their time and gifts.
Details of all our activities can be found on our website www.orpingtonbaptist.org.uk and through our active Facebook group and Page. When planning our work the Trustees always consider the need for public benefit in line with the Charity Commission guidelines.
ACHIEVEMENT AND PERFORMANCE
Coming out of the coronavirus pandemic has brought many challenges. The Church has shown itself to be resilient and relevant for the times. Live-broadcasting of all our services has continued but our physical congregations have grown considerably with new people. We have also continued to use modern technology to full advantage. Online courses and other broadcasts with use of social media have been a key feature of our communication. We have been especially pleased to grow our multicultural congregation with people coming to the Church from over twenty-five different nations. A full programme of activities reaching out to hundreds of people each week from children to the elderly has been a day feature of our life together. Within the community we have taken a lead through Churches Together in Orpington, and specifically in the programmes offered by Street Pastors, Bromley Foodbank, Christians Against Poverty and Bromley Homeless. We have developed a special concern for those who are vulnerable and disadvantaged within our community. We look also to have an international impact and our support for partner missions include outreach in Zambia, Czech Republic, Romania and Bangladesh. Each week we seek to remember and develop our OBC vision, which stands for O: Outward Looking B: Biblical Teaching C: Contemporary and Relevant.
FINANCIAL REVIEW
Financial position
During the year the Church was the beneficiary of several legacies that totalled £191,441.The deacons determined that this income should be tithed so 10% was forwarded to charities that have been deserving of the Church's support in previous years. Thus the blessing has been shared. The other income has increased in total by
nearly 9%. Expenditure for the year increased by £12,000 in total but this is distorted by the final write off the renovation work completed over ten years ago and which, as it was for only roughly eight months, was £25,000 less in 2022. This means that actual expenditure increased by £37,000 with over half being in respect of the staffing costs. Our levels of worship and outreach resources would be the wish of many other churches. The total reserves at the year end were £1.8million of which £1.35 million relates to the Church buildings and £158,000 to the manse while £65,000 has been designated to future periodic non annual outgoings. The unrestricted reserves were £216,000 which currently exceeds the deacons reserve policy but this is only temporary while the best use of the excess is determined by the Deacons.
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ORPINGTON BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
Reserves policy
The trustees have a reserve policy to hold £100,000 held between a Major Project Reserve for major property events and a General Fund for other major costs. At 31 December 2022 the Major Project Reserve stands at £50,000 and the general Fund at £216,436. The Trustees continually review the needs of the present and those of the future and apportion the funds as equitably as possible.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is guided by its Constitution and a Deed of Trust held by the Baptist Union Corporation. The Trustees, including Senior Minister, Officers and Deacons are elected by the Church Members and meet very regularly. Whilst the Baptist Union holds the Custodian Trust Deed the Church is managed on a congregational model. The Trustees have again assessed the major risks facing the Trust and have made sure of appropriate policies in place to minimise any risks. We have also been very careful about safeguarding, appointing a Designated Safeguarding Officer who has a team working with her and also a Safeguarding Trustee. Another Trustee keeps careful consideration of our compliance with GDPR legislation.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1129995
Principal address
Station Road Orpington KENT BR6 0RZ
Trustees
Rev Martyn Travers - Senior Minister/Chairperson Paul Cooke - Treasurer Lorraine Dixon - Officer Colin Salzer - Deacon Caroline Percy - Deacon Helen Stockman - Deacon Robin Morris - Deacon Tim Williams - Deacon Helen Pourak- Deacon Liz Salins - Deacon Ekua Stephen, Deacon
Independent Examiner
Grugeon Reynolds Limited Adams and Moore House Instone Road Dartford KENT DA1 2AG
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ORPINGTON BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
Approved by order of the board of trustees on 18 April 2023 and signed on its behalf by:
Rev M Travers - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ORPINGTON BAPTIST CHURCH
Independent examiner's report to the trustees of Orpington Baptist Church
I report to the charity trustees on my examination of the accounts of Orpington Baptist Church (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns 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 accounts to be reached.
Hakeem Adeleye ACCA Grugeon Reynolds Limited Adams and Moore House Instone Road Dartford KENT DA1 2AG
18 April 2023
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ORPINGTON BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 Unrestricted Restricted Total funds funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 436,653 7,863 444,516 Charitable activities Church organisations 25,415 - 25,415 Sundry activities 554 - 554 Youth residential 7,526 - 7,526 Event receipts 853 - 853 Other trading activities 3 9,558 - 9,558 Investment income 4 640 - 640 Total 481,199 7,863 489,062 EXPENDITURE ON Charitable activities Church organisations 27,972 - 27,972 Sundry activities 294,516 49,857 344,373 Youth residential 8,027 - 8,027 Total 330,515 49,857 380,372 NET INCOME/(EXPENDITURE) 150,684 (41,994) 108,690 RECONCILIATION OF FUNDS Total funds brought forward 288,751 1,392,957 1,681,708 TOTAL FUNDS CARRIED FORWARD 439,435 1,350,963 1,790,398 |
2021 Total funds £ 242,577 23,721 338 1,640 - 5,530 60 273,866 21,231 347,299 - 368,530 (94,664) 1,776,372 1,681,708 |
|---|---|
The notes form part of these financial statements
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ORPINGTON BAPTIST CHURCH
BALANCE SHEET 31 DECEMBER 2022
| 2022 Unrestricted Restricted Total funds funds funds Notes £ £ £ FIXED ASSETS Tangible assets 11 158,000 1,350,000 1,508,000 CURRENT ASSETS Debtors 12 11,363 - 11,363 Cash at bank and in hand 271,783 962 272,745 283,146 962 284,108 CREDITORS Amounts falling due within one year 13 (1,710) - (1,710) NET CURRENT ASSETS 281,436 962 282,398 TOTAL ASSETS LESS CURRENT LIABILITIES 439,436 1,350,962 1,790,398 NET ASSETS 439,436 1,350,962 1,790,398 FUNDS 14 Unrestricted funds 439,436 Restricted funds 1,350,962 TOTAL FUNDS 1,790,398 |
2021 Total funds £ 1,558,766 8,858 115,794 124,652 (1,710) 122,942 1,681,708 1,681,708 288,750 1,392,958 1,681,708 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 April 2023 and were signed on its behalf by:
M Travers - Trustee
P Cooke - Trustee
The notes form part of these financial statements
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing 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 reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
The church premises are included in the Balance Sheet at insurance value because reliable cost information is not available, and valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts.
The Manse is stated at cost.
The cost of refurbishing the Church is being written off equally over ten years.
Fixtures and fittings are depreciated at 10% on a straight line basis.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 2. DONATIONS AND LEGACIES 2022 2021 £ £ Donations 444,516 204,514 interest Receivable - 38,063 444,516 242,577 3. OTHER TRADING ACTIVITIES 2022 2021 £ £ Lettings 9,558 5,530 4. INVESTMENT INCOME 2022 2021 £ £ Deposit account interest 640 60 5. INCOME FROM CHARITABLE ACTIVITIES Summary of Results of Church Organisations : Opening Expenditure Closing Balance s Income and Contra Balances £ £ £ £ 3rd Bromley Boys' Brigade 20,204 12,740 13,151 19,793 1st Orpington Girls' Brigade 11,049 1,845 2,622 10,272 Sanctuary Cafe 5,111 10,463 13,653 1,921 Lunch Club 158 158 Leisure Club 991 991 Tiddlers 595 368 388 575 £38,108 £25,416 £29,814 £33,710 |
2022 £ 444,516 - 444,516 2022 £ 9,558 2022 £ 640 |
2022 £ 444,516 - 444,516 2022 £ 9,558 2022 £ 640 |
2021 £ 204,514 38,063 242,577 2021 £ 5,530 2021 £ 60 |
2021 £ 204,514 38,063 242,577 2021 £ 5,530 2021 £ 60 |
|---|---|---|---|---|
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
7. SALARIES
| SALARIES | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Salaries | 148,064 | 145,271 |
| National Insurance contributions | 4,570 | 5,516 |
| Pension contributions | 12,283 | 14,073 |
| £ 164,917 | £ 164,860 |
The Senior Minister is the Chairperson of the Trustees and the key management personnel and he received a salary as a minster of £40,500 during the year and he has a defined benefit pension and a defined contribution pension. Six other employees have defined contribution pensions. The Church pays pension contributions for its Minister to the Baptist Minsters' Pension fund which is a multi-employee final salary defined benefit scheme, not contracted out of the State scheme. From 1 January 2009 the Minister pays 9% of his pensionable income and the Church 25%.
The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme ("the Scheme"). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited).
Since January 2012, pension provision has been made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members' Pensionable Income into individual pension accounts. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva.
Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre-2012 service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers' Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
7. SALARIES - continued
A formal valuation of the Defined Benefit (DB) Plan was performed at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million. As a result of the valuation, in addition to the contributions to the DC Plan set out above, it was agreed that the standard rate of deficiency contributions from churches and other employers involved in the DB Plan will remain at previously agreed levels, increasing each year in line with increases in the Minimum Pensionable Income. The deficiency contributions are broadly based on 12% of Pensionable Income/Minimum Pensionable Income, reflecting each employer's contributions in March 2015
In addition, the Baptist Union of Great Britain contributed a lump sum of £33m in 2018 with a further £0.5m to follow, and changes to the Scheme benefits were agreed. The Recovery Plan envisages deficiency contributions continuing until 31 December 2028.
The Recovery Plan envisages deficiency contributions continuing until June 2026. As there is a large number of contributing employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the scheme. OBC's deemed current share of the deficit at 22 June 2022 was £17,900 (2021 £47,900, 2020 £76,200, 2019 £76,300, 2018 £115,900) which is subject to revision dependent on subsequent valuations. The next actuarial valuation of the DB Plan within the Scheme is due as at 31 December 2023, however the Pension Fund have reduced the deficit payments being paid by Orpington Baptist Church from August 2022 to £1 per month as the deficit has reached a manageable level.
.
The average monthly number of employees during the year was as follows:
| Ministry Administration Cafe Cleaners |
2022 5 2 1 3 11 |
2021 6 2 1 2 11 |
|---|---|---|
No employees received emoluments in excess of £60,000.
There are four full-time staff and seven part-time staff. All the employments equate to six full-time equivalent employments.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 239,125 | 3,452 | 242,577 | |
| Charitable activities | ||||
| Church organisations | 23,383 | 338 | 23,721 | |
| Sundry activities | 338 | - | 338 | |
| Youth residential | 1,640 | - | 1,640 | |
| Other trading activities | 5,530 | - | 5,530 | |
| Investment income | 60 | - | 60 | |
| Total | 270,076 | 3,790 | 273,866 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Church organisations | 20,893 | 338 | 21,231 | |
| Sundry activities | 283,544 | 63,755 | 347,299 | |
| Total | 304,437 | 64,093 | 368,530 | |
| NET INCOME/(EXPENDITURE) | (34,361) | (60,303) | (94,664) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 323,111 | 1,453,261 | 1,776,372 | |
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 288,750 | 1,392,958 | 1,681,708 | |
9. GRANT MAKING ACTIVITIES
The Church has made grants totalling £57,752 (2021 - £39,536) all related to its object to advance the Christian faith. The largest grants were to the Baptist Mission, both Home and Overseas £19,263 (2021 - £19,263) and their mission statement is "As a Christian mission organisation we aim to share life in all its fullness with the world's people by; enabling them to know Christ; alleviating suffering and injustice; and improving the quality of life, with people as our primary agents of change - motivating, training, sending and resourcing them". No support costs have been attributed to this cost.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. INDEPENDENT EXAMINER'S FEES
The total fees paid to the Independent Examiner was £1,710 (2021 - £1,710). These fees were for both the preparation of the annual accounts and the independent examination.
11. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 January 2022 and 31 December 2022 2,252,653 DEPRECIATION At 1 January 2022 695,210 Charge for year 49,443 At 31 December 2022 744,653 NET BOOK VALUE At 31 December 2022 1,508,000 At 31 December 2021 1,557,443 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Sundry debtors 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Sundry creditors |
Fixtures and fittings £ 33,399 32,076 1,323 33,399 - 1,323 2022 £ 11,363 2022 £ 1,710 |
Totals £ 2,286,052 727,286 50,766 778,052 1,508,000 1,558,766 2021 £ 8,858 2021 £ 1,710 |
|
|---|---|---|---|
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
14. MOVEMENT IN FUNDS
| Unrestricted funds General fund Major Projects Reserve Building Fund Manse Minibus replacement fund Restricted funds Church premises Mission World Building fund Food Bank Birthday fund Ukraine appeal / Project Ruth Love in a Box Harvest Pakistan appeal TOTAL FUNDS |
At 1/1/22 £ 57,049 50,000 8,702 158,000 15,000 288,751 1,350,000 892 42,065 - - - - - - 1,392,957 1,681,708 |
Net movement At in funds 31/12/22 £ £ 159,387 216,436 - 50,000 (8,702) - - 158,000 - 15,000 150,685 439,436 - 1,350,000 (892) - (42,065) - 40 40 25 25 832 832 25 25 20 20 20 20 (41,995) 1,350,962 108,690 1,790,398 |
|---|---|---|
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Building Fund Restricted funds Mission World Building fund Food Bank Birthday fund Zambia fish project Ukraine appeal / Project Ruth Love in a Box Harvest Pakistan appeal London City mission Tear fund TOTAL FUNDS |
Incoming resources £ 481,199 - 481,199 - - 40 1,634 570 3,963 25 20 20 910 681 7,863 489,062 |
Resources expended £ (321,812) (8,702) (330,514) (892) (42,065) - (1,609) (570) (3,131) - - - (910) (681) (49,858) (380,372) |
Movement in funds £ 159,387 (8,702) 150,685 (892) (42,065) 40 25 - 832 25 20 20 - - (41,995) 108,690 |
|---|---|---|---|
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Major Projects Reserve Building Fund Manse Minibus replacement fund Restricted funds Church premises Mission World Building fund TOTAL FUNDS |
At 1/1/21 £ 76,460 50,000 23,651 158,000 15,000 323,111 1,350,000 - 103,261 1,453,261 1,776,372 |
Net movement At in funds 31/12/21 £ £ (19,412) 57,048 - 50,000 (14,949) 8,702 - 158,000 - 15,000 (34,361) 288,750 - 1,350,000 893 893 (61,196) 42,065 (60,303) 1,392,958 (94,664) 1,681,708 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Building Fund Restricted funds Mission World Building fund Food Bank TOTAL FUNDS |
Incoming resources £ 270,076 - 270,076 3,690 - 100 3,790 273,866 |
Resources expended £ (289,488) (14,949) (304,437) (2,797) (61,196) (100) (64,093) (368,530) |
Movement in funds £ (19,412) (14,949) (34,361) 893 (61,196) - (60,303) (94,664) |
|---|---|---|---|
The Building funds were to finance the refurbishment of the building.
The Major project reserve (formerly called Property fund) is to finance the major periodic repair and replacement cost of the building.
The Manse fund represents the funds financing the minister's residence.
The Church premises fund represents the funds financing the church building.
The Mission funds were the restricted donation received and payments made in accordance with the donors' wishes.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
14. MOVEMENT IN FUNDS - continued
The Minibus replacement fund is to finance a replace vehicle when this becomes necessary.
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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