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2020-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

St Andrew’s Church, Caversham. Registered Charity 1130027

Trustees Annual Report 2020

Aim and Purpose

St Andrew’s Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, Reverend Nigel Jones, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. This includes the maintenance of the Church Hall, Albert Road, Caversham.

The vision of St Andrew’s is to be:

This Vision Statement, adopted by the PCC, recognises that the purpose of the church is to serve the whole community, not just those who confess a Christian faith.

Objectives and Activities

When planning our activities for the year, the incumbent and PCC have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

In particular we seek to help local people to live fulfilling, meaningful, healthy and happy lives. We do this

To facilitate this it is important that we maintain the fabric of the Church and the adjacent Church Hall.

Achievements and Performance

Virtually all aspects of the church have been affected by the Covid situation so comparisons with previous years is problematic.

Worship and Prayer

The PCC are keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling.

The main religious festivals of Christmas and Easter are marked with services of different characteristics to appeal to those seeking reflection, solemn prayer, joyous worship and tradition. In this way the PCC aims to make St Andrew’s accessible to a wide range of people. In 2020 these and very many church services were online only.

Church Services and events are advertised throughout the parish by way of the St Andrew’s website, Facebook page, posters outside the church and hall, and prayer cards delivered in rotation to each road in the parish on one week in the year. The number on the electoral role this in 2020 was 74(60). All “in person” services were cancelled for much of 2020. The pre-pandemic figures are as follows. The official average weekly attendance was 66. This number increased

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PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

at festivals the Christmas attendance being 456 (471) and Easter 125 (131). St Andrew’s held 6 (9) Baptisms, 1 (2) wedding and 7 (9) funerals during the previous year (2019).

Deanery Synod

Two members of the PCC sit on the deanery synod. The number of representatives is related to the number of people on the electoral roll. This provides the PCC with an important link between the parish and the wider structure of the church. Since Feb 2020 one of the two positions has been vacant.

Community Outreach

The continued use of Church buildings to host the high quality “Concerts in Caversham” attract visitors from a wide geographical area. Other musical events have also been hosted.

The Church building is left open during the day to provide local people with the opportunity for informal prayer or a quiet space at times when they find it convenient.

Tiddlers, our toddler group, is very popular and it is appreciated that the church provides the facility. Most of those that attend are not committed Christians. There are healthy snacks for the children. Tiddlers was not in operation for most of 2020.

The Fisherman Cafe in the Church Hall was closed from March 2020.

Church Fabric

The Church is in a good state of repair, minor repairs and maintenance are undertaken as required. The crack in the Chancel arch continues to be monitored and no action is required at present. The church lightning conductor was tested and was found to be in good order.

The Garden of Remembrance continues to be well cared for. The condition of the cedar tree continues to be monitored to ensure public safety.

Church Hall Fabric

The fabric of the Hall and surroundings is managed by the hall management team. Repairs and maintenance are undertaken as required to maintain the fabric of the building and ensure compliance with health and safety legislation. The solar panels on the hall roof continue to generate electricity, which contributes to our overall hall income.

Hall use remained high in the early part of the year, with bookings every morning and evening, and most afternoons. In addition to its occasional use as a polling station, the hall is regularly used by uniformed organizations, music groups, acting classes, dance-groups, a pre-school, yoga group, an aerobics class and blood donors, as well as birthday parties. During the period of Covid restrictions hall use ceased except as permitted for Pre-School use.

Public wi-fi access was improved during the year by adding a wireless access point.

Mission and Evangelism

Helping those in need is a demonstration of our faith. During the year St Andrew’s has supported local and overseas charities. The Church supports one named local charity each year, for the year under review it was Alana House which supports vulnerable women in Reading. We raised £2,707 including gift aid for Alana House. In addition, church members continued to support Grow Hope in Zimbabwe, training young people in the second poorest country in the world as farmers and Christian leaders helping them take responsibility for their lives and their communities. As a result

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PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

of the pandemic, there were no door-to-door collections during Christian Aid week this year. A quiz was held with donations to take part going directly to Christian Aid.

St Andrew’s provides a collecting point in the Church Porch for Readifood, the Reading food bank, and donations are given generously by both members of the congregation and non church goers in the parish.

The St Andrew’s branch of the Mothers’ Union continues to support parents of children admitted to the Royal Berkshire Hospital by providing toiletry bags filled with essentials for an unexpected overnight stay.

A PCC sub committee has been established during the year to review St Andrew’s environmental position and to recommend actions to the PCC to improve the eco footprint of both Church and congregation.

Ecumenical Relations

The Church is a member of Churches together in Caversham (CTC). CTC has organised Lent Study Groups. CTC coordinates a project called RE-Inspired which takes church members into local schools to help deliver the Christian element of the RE curriculum. Approximately 1000 children benefit each year. CTC also runs a summer holiday club for 100-150 children. RE-Inspired and the Holiday Club were severely curtailed in 2020.

Financial Review

Total Income in the year was £107,148, down on the previous year’s total of £114,226. Total Expenditure (including large one-off items) was £97,015 (£162,006). Income comes from donations and legacies, trading activities which include activities such as the Hire of the hall, sale of stamps, investments and other income that does not fit into the previous headings. Investment income includes dividends and interest on the deposit account, which is higher reflecting the increased cash balance. Other income is the refund received from the diocese for paying the parish share in full and on time.

The Balance Sheet shows the church has total net assets of £200,771 (£190,142) made up of fixed assets, funds in the current and deposit accounts and investments. This is a slight increase on last year reflecting legacy income being larger than the drop in General Funds. The figure of £200,771 is allocated to a variety of funds some of which are restricted.

Reserves Policy

It is PCC policy to maintain a balance on the unrestricted funds (if possible) which equates to at least three months unrestricted payments, equivalent to £100,000, to cover emergency situations that may arise from time to time (including roof repair at £50,000).

It is our practice to invest excess funds with the CCIF Church Commissioners Investment fund.

Volunteers

We would like to thank all the volunteers who work so hard to make our church the warm and welcoming community it is. In particular the churchwarden Stephen Barden and Assistant warden Nick Jones who was preparing to take on the post, and all members of the PCC for their valuable contribution to our ministry and for keeping the church running. Thanks are due to Andy Allen who has acted as treasurer.

Structure, Governance and Management

The method of appointment of the PCC members is set out in the Church Representation Rules. At St Andrew’s the membership of the PCC consists of the incumbent (our vicar), churchwardens, and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/members of the congregation are encouraged to stand for election to the PCC

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PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027 Financial siatemenis for the year ended 31 De￿mber 2020 The PCC memters a￿ re$Fo￿ible for makiTrJ d￿S1onS all nkitters cl gerwal c￿rn and IMP)rtan￿ to the parlsh induding deoding on the fvnds of PCC a￿ to LE sI￿L The full PCC met 6 times durirwj the year, largety via Z(￿rn. A statKlirrfJ c4Jmmsttee meets between PCC meetings. There is a150 a sttial committee for rAanniNJ arkd ccrt)rdinating e¥fnts for ts churth a￿1 wkler c￿￿mUnty. Admlnlstratlve InfOrn￿On St And￿5 Churth is situated in Harri)3ate Ro&J, Cavssham. It Ls part of (karwy of Readirwj in the Dhxese of Oxford. The c￿r￿M￿n￿ address is St Andrev¥s House, Harrc#Jate RI￿1, Caversham, ReadiThJ RG4 7PW. The PCC is a Cor￿rate (PCC nwsure 1956, Churth ReWe5enta￿n ruks 2C#J6) and a charity register&J with the Charityes Commission, registsathjn number I13￿27. PCC Mem￿15 durlrrfj 2020 are: Ex Offiao Memters Incumbent The Re/d N￿e1 Jones awimwn Churchwardens ste￿ Barden until Cttoiw 2020 Nlck Jones CKtoLw 2020 Deanery SYTKMJ Representstives Jean Blair until Febn￿ry 2020 Jane Borgea￿l Elecw memLvs Anty ￿len ffwsurer) )rdon Ball Katrina Collett fr￿n Cttober 2020 Wirgink? Cullura (Smtsry) NKholas JarvE until Chioter 2020 N￿k Jones until October 2020 ApwOV￿ by the PCC on 19th (knber 2021 arnl S1Jr￿ C￿ their t*half ty Relerend Nigel Jone5 (PCC Chairman)

PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

5

PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

St Andrews Church - 1130027

Statement of Financial Activities

For the period from 01 January 2020 to 31 December 2020

Unrestricted Restricted Endowment Total Prior year
funds funds funds funds total funds
Income and endowments from:
Donations and legacies 74,301 3,405 77,707 58,410
Church Activities 22,922 504 23,426 49,057
Income from charitable activities 1,042
Other trading activities 1,863 1,863 1,026
Investments 1,118 1,118 1,691
Other income 3,032 3,032 2,997
Total income 103,239 3,909 107,148 114,226
Expenditure on:
Church Activities 91,688 5,232 96,920 161,742
Expenditure on charitable activities 95 95 263
Other expenditure 629 128 757 629
Total expenditure 92,317 5,455 97,773 162,635
Net income / (expenditure) resources before transfer 10,921 -1,545 9,375 -48,409
Transfers
Gross transfers betw een funds - in 207 128 335 5,692
Gross transfers betw een funds - out -128 -207 -335 -5,692
Other recognised gains / losses
Gains / losses on investment assets 1,253 1,253 2,963
Gains on revaluation, fixed assets, charity's ow n use
Net movement in funds 12,253 -1,624 10,629 -45,445
Reconciliation of funds
Total funds brought forward 179,078 11,063 190,142 235,588
Total funds carried forward 191,332 9,439 200,771 190,142

There may be minor discrepancies in the totals if the pence are not being shown

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PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

Balance Sheet

As at: 31 December 2020

£
As at 31/12/2020
£
As at 31/12/2019
Fixed assets
Tangible assets
Investments
Current assets
Debtors
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due in one year
Net current assets less current liabilities
Total assets less current liabilities
Total net assets less liabilities
Represented by
Unrestricted
Unrestricted - General fund
Designated
Designated - Cafe
Designated - Concerts
Designated - Heating upgrade
Designated - Legacies
Designated - Messy Church
Designated - Toilet renovation
Designated - Hardship Fund (Hilda Hodges)
Designated - Social
Restricted
Restricted - Traidcraft
Restricted - Weddings funerals etc fees
Restricted - Youth Church
Restricted - Choir
Restricted - Flow ers
Restricted - Garden of remembrance
Restricted - Hall Development
Restricted - Hardship Fund (Hilda Hodges)
Funds of the church
Restricted - Mission
Restricted - Social
Restricted - St Raphael
9,445
20,062
10,074
18,808
29,507 28,882
5,309
168,246
9,633
155,679
173,555 165,312
2,290 4,053
171,264 161,259
200,771 190,142
200,771 190,142
59,076
556
0

130,300
1,323


76
0
0
93
50
79
33

7,870
55
1,256
62,282
221
0

115,190
1,308


76
0
207
233
50
49
930

7,965
423
1,204
200,771 190,142

There may be minor discrepancies in the totals if the pence are not being shown 7

PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

Fund Movement by type

Fund movement summary Selected period: 01 January 2020 to 31 December 2020

F und F und B alances Inco ming Outgo ing T ransfers Gains and Jo urnal Enties F und balances
bro ught fo rward R eso urces R eso urces Lo sses C arried fo rward
Traid - Traidcraft 0 128 128 0
General - General fund 62,282 86,328 90,994 207 1,253 59,076
Cafe - Cafe 221 570 106 -128 556
Concerts - Concerts 0 0
Heating - Heating upgrade
Legacies - Legacies 115,190 16,255 1,145 130,300
Messy - Messy Church 1,308 86 71 1,323
Toilet - Toilet renovation
Choir - Choir 50 50
Flow ers - Flow ers 49 144 114 79
Garden - Garden of 930 1,431 2,327 33
remembrance
Hall - Hall Development
Hilda - Hardship Fund 7,965 95 7,870
(Hilda Hodges)
Mission - Mission 423 1,830 2,198 55
Social - Social 1,281 131 78 1,333
Raphael - St Raphael
WFFees - Weddings 207 373 373 -207 0
funerals etc fees
Youth - Youth Church 233 140 93
T o tals 190,142 107,148 97,773 1,253 200,771

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PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

Analysis of income and expenditure Selected period: 01 January 2020 to 31 December 2020

Total
Unrestricted D esignated R estricted Endo wment T his year Last year
Income and endowments
Donations and legacies
C0101 - Planned Giving 32,291 32,291 36,298
C0102 - Tax Recoverable 9,553 9,553 7,286
C0103 - Collections 1,870 1,870 4,515
C0105 - Donations 13,025 13,025 2,658
C0106 - Votive Candles 39 39 104
C0113 - Government Support 1,243 1,243
CI0101 - Choir robes income 30
F0101 - Flow ers income 144 144 50
GH0101 - Grow Hope 913 913 891
GR0101 - Garden of remembrance inc 1,431 1,431 3,000
HE0101 - Heating upgrade income
L0101 - Legacy income 16,255 16,255 100
M0102 - Mission income 21 917 938 3,475
T0101 - Toilet fund income
Donations and legacies Totals 58,046 16,255 3,405 77,707 58,410
Church Activities
C0104 - Fees
C0107 - Sale of stamps
C0108 - Church hire 1,953 1,953 200
C0109 - Fairs 1,042
CAF0101 - Cafe Bankings 570 570 3,740
CON0101 - Riding Light income
F0104 - Fees w eddings etc for Oxford 373 373 1,433
Dioc.
H0108 - Church Hall Hire 19,268 19,268 39,003
M0101 - Messy church income 86 86 278
MIND0101 - Mindfullness course 1,700
PCC0101 - PPC Funds from w eddings, 1,045 1,045 1,554
funerals etc
SOC0101 - Social income 131 131 1,148
Church Activities Totals 22,266 656 504 23,426 50,099
Other trading activities
C0110 - Miscellaneous 2 2 -123
H0111 - Solar income 1,861 1,861 1,150
TR0101 - Traidcraft income
Other trading activities Totals 1,863 1,863 1,026
Investments
C0112 - Church interest recd 1,118 1,118 1,691
Investments Totals 1,118 1,118 1,691
Other income
C0111 - Parish share refund 3,032 3,032 2,997
Other income Totals 3,032 3,032 2,997
Income and endowments
Grand totals
86,328 16,911 9 3,909 107,148 114,226

PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

Expenditure
Church Activities
B0201 - Bank charges 245 245 384
C0201 - Parish Share 58,670 58,670 60,485
C0202 - Clergy expenses 826 826 1,435
C0203 - Vestry requisites 43 43 550
C0205 - Flow ers 107 107 98
C0206 - Choir 43
C0207 - Organists 2,710 2,710 2,979
C0208 - Director of music
C0209 - Piano/Organ 969 969 684
C0210 - Gas 1,553 1,553 2,099
C0211 - Electricity 326 326 1,149
C0212 - Water 118 118 119
C0213 - Insurance 2,324 2,324 2,144
C0214 - Maintenance 2,288 2,288 2,332
C0215 - Publicity/Advertising 664 664 308
C0216 - Publications 251 251 1,644
C0217 - Youth 146
C0218 - Secretary 620 620 2,588
C0219 - Office Materials 47 47 59
C0220 - Fire extinguisher 16
C0221 - Licences and fees 1,195 1,195 537
C0222 - Miscellaneous 172 172 962
C0223 - Church service extras 125 125 170
CAF0201 - cafe w ages
CAF0202 - Cafe accrued PAYE
CAF0203 - Cafe use of hall
CAF0204 - Cafe stationery & publicity 46 46
CAF0205 - Cafe equipment 1 1 2
CAF0206 - Cafe supplies 59 59 586
CAF0207 - Cafe donations to charity 263
CI0201 - Choir expenditure 23
CON0201 - Concerts use of hall
CON0202 - Concerts Refreshments
CON0203 - Riding Light Expenses
F0201 - Flow ers expenditure 7 7
F0202 - Fees w eddings etc to Oxford 373 373 1,433
Dioc.
G201 - Garden of remembrance 2,327 2,327 2,070
expenditure
GH0202 - Grow Hope expenditure 1,075 1,075 1,519
H0211 - Electricity hall 2,454 2,454 3,705
H0212 - Water hall 481 481 649
H0213 - Insurance hall 2,046 2,046 2,144
H0214 - Maintenance hall 1,244 1,244 490
H0220 - Fire extinguisher hall
H0222 - Office materials & Misc hall
H0223 - Cleaning hall 5,066 5,066 9,227
H0224 - Supervisor hall 4,198 4,198 4,317
H0225 - Telephone hall 667 667 708
H0226 - Licences hall 105
H0227 - Refuse collection hall 804 804 982
HD0201 - Hall development expenditure
HE0201 - Heating upgrade expenditure
HH0222 - Hilda Hodges expenditure 95 95
L201 - Legacy expenditure 1,145 1,145 45,456
M0201 - Messy church food 71 71 203
M0202 - Messy Church non food 148
expenses
MI0201 - Mission expenditure 1,123 1,123 3,928
MIND0201 - Mindfullness course 1,623
PCC0201 - PCC w edding, funerals etc. 246 246 130
costs
SOC0201 - Social expenses 78 78 650
T0201 - Toilet fund expenditure
Y0201 - Youth church expenditure 140 140 700
Church Activities Totals 90,365 1,323 5,327 97,015 162,006
Other expenditure
H0250 - Depreciation 629 629 629
TR0201 - Traid expenditure 128 128
Other expenditure Totals 629 128 757 629
Expenditure Grand totals 90,994 1,323 5,455 97,773 162,635

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PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

1. ACCOUNTING POLICIES

Basis of financial statements

The financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice Accounting and Reporting by Charities (SORP FRS 102).

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.

A materiality level of £100 has been used for accruals and prepayments.

Fund accounting

Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor.

Unrestricted funds are income funds which are to be spent on the PCC's general purposes.

Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Designated funds remain unrestricted and the PCC will move any surplus to other general funds e.g. Messy Church.

Incoming resources

Planned Giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share expected to be paid over is accounted for when due.

All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with s.10 (2) (a) and (c) of the Charities Act 2011.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time).

St Andrew’s Church owns a hall built in the 1960s. This is fully depreciated and not shown as a separate tangible asset.

Equipment used within the church or hall premises is depreciated on a straight-line basis over the useful life. Items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired.

Investments are valued at market value at 31 December 2020

11

PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027

Financial Statements for the year ended 31 December 2020

2. FIXED ASSETS
Tangible Fixtures and
Fittings
£
Total
£
12,590
0
12,590
2,516
629
3,145
9,445
10,074
Cost or
Valuation
At 1st January 2020
12,590
Additions at Cost 0
At 31st December 2020 12,590
Depreciation
At 1st January 2020
2,516

Charge for the Year
629
At 31st December 2020 3,145
Net Book Value
At 31st December 2020
9,445
At 31st December 2019 10,074
3. INVESTMENTS
Marketvalue at1January2020 18,808
Disposal 0
Purchases at cost 0
Net Gain 1,254
Marketvalue at 31 December 2020 20,062
4. CURRENT ASSETS
Other debtors 2020
5,309
2019
9,633
5. CURRENT LIABILITIES
Other creditors 2020
2,290
2019
4,053
6. PAID EMPLOYEES
Staff Costs
Average number of full-time equivalent employees in the year
2020
7,528
2019
9,884
<1
<1

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PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027 Financial siatemenis for the year ended 31 De￿mber 2020 7. APPROVAL OF ACCOUIIT8 Slgn•lur• l(ol?q AEV ￿. JL'pr•&J ' i ( 13

PAROCHIAL CHURCH COUNCIL OF ST ANDREWS CAVERSHAM CHARITY NO 1130027 Independent Examiner's Report Independent Examlnv' Report tv tho membw8ltrUStw ol St Andr•w'• Chuvrh. Cmrgham, Parothlal Clwr¢h Coun¢il. I report on the accounts for the year ended 31st Decwnber 2020 whlth are set out on page5 5 to 12. As trustees of the charity. the members of PCC are resp)n5ible for the Pfparatlon of the accounts. They Consider that an audit is not requlred for thls year under sectK>n 14412) of the tharltles Act 2011 (the 2011 Act} and that an independent eKamlnauon Is needed. It Is my responslblllvl to examine the accounts under sectbon 145 or the 2011 Art; follow the procedures lald down In the Genernl Directions glven by the Charlty Commlssloners sectlon 14515){b) of the 2011 Art: and stste whethef partitylar matter5 have corne to my attentlon. B••lg of Ind•p•nd•nt Examlrnr's Statement My examinatlon was carrbed out In accordaiKe wth the General Oirertlons 9l¥en by the Charlty Commlssion. An examlnat6on Indudes a review of the accourrtlng re¢ords kept by the tharlty and a comparlson of the accounts presented with those records. Lt also indudes cOn￿￿eratIOn of arty tsnusual items or d1sclogj￿S In the accounts. and seeking explanations from the management commrttee conceming any such rnatte￿. The procedures undertaken do not pmvlde all the evldence that T*ould be requbred In a fvll aud6t. and consequently I do not expre￿ an audlt oplnh)n on the Kcounts. In conneLtlon wlth my examinatknn. no matters have come to my attentiDn whi¢h glve me ￿aSOnable caLbse to belleve that in any materfal respett the requlrements to keep accountlrhg records in accordance with s.130 of the 2011 Art: or to prepare accounts whlch accord wlth these ac(ountbng records have not been mrt; or to whlth. In my opID￿n. attentknn Shou￿ be drawn kn order to enable J pmper understsndlng of the Kcounts to be reathed. Julia Mcffte. BA (Choo), MIAB Chartered Accountant IrctiTcd) I l Bux￿￿ Avenue. Reading 14