Accruals Accounts 202412025 THE METHODIST CHURCH STANDARD FORM OF AccouKrs ACCRUALS BASIS for th• y•r •Dd•d 31 August 2025 St John's Methodist Church Potters Bar 341305 R•gi•t•r•d Ch•rlty- R•gkntratk•n nurn1 1130633 Illnht•r ltr Rob•rt H W
St Johrfs Methodi# Clwrch Potters Bar. Annual report of the trustees lor the to 31" AW 2025 Introdurtlon The Church 15 governed according to the.cons1it)nal Pratt•ce and Discipline of the Methodlst Church.. The Church is located in Potters Bar and within the Methodist Church in the UK belongs to the St Albans & Welwyn Circuit, whith is in turn part of Ihe Bedfordshire. Essex and Hertfordshire Dlstrict. The Governln8 body is the Church Council which meets at least three times per year. There are committees of this Council which oversee matters such as Resources IProperty and Finance). Pastoral. Outreach. Communications and the Nursery Playgroup. Alrn$ and oblecdves The Church ser¥es people from l)oth Potters Bar and its surroundin8 villa8e5 and through the chapel at Shenley, which is a cla55 of St John's. the people of that village. The Church aims to work together to Ibve out the Christian faith and share the good news of Jesus Christ in the local community. Revlew of Church a¢tl¥ltlts for th• yearto 31" AU51 2025 Worshlp At Polters Bar the Church has contlnued to hold regular WOfshSp each Sunday morning. There are severnl Sunday momiryd church parade seiCe5 for the scouts throu8hout the year where the scouts. cubs arkl beavers. sections particlpate In a more infomal style of Sunday mornin8 worshlp. Monthty creative worship continues to be well wpported. Younger children are en8aged in craft actriities related to the theme of the day before Aoinin8 the grown-ups in Church for worshlp and a time to show the crafts whlch they have made. In addition to weekly worship on SuThlay momings there is a monthPy Sunday evenlng café worship. This Is a rmre Informal style of worshlp with more contemporary music and dixusslons about relevant toplcs rather than a forn)al sennon or address. At Shenley there is a service of Hoty Communlon on the second Sunday momln8 of each Month with more informal worship on the other Sundays led by local members. On the first Sunday afternoon of each month there is Messy Church aimed at young chihjren arKI their parents- this is very popular and well attended.
Chufth growth and outreach Alpha courses are held pertodically as a way of reachi out to others. inviting ihem to explore and deepen their Understandi of Jesus, God and their personal relationship with Him. Coffee with the Pastor sessions are held quarterty for newcomer5 and visitors, offering an informal space to learn about ihe Church, ask questions and explore mutual support and Involvement. A Welcome Space gatherin8 is held each Tuesday mornln& providing a wam and welcoming place where members and others from ihe local community can meet infomially for both fellowship and a118ht meal. House and Bible Study 8roups meet fortni8htly. pmvkIi opportunit*s lo nurture spiritual growth arKI also encoura8ing en8agin8 in social actiDTr. Regular mid-week sep4ices are hekl at a local care home. At Potters Bar each Monday morning there is'Jumpin8 John's., an infomal group for parents and bables and toddlers. At Shenley ihere Is a mother and toddler 8roup each Tuesday momin8 A weekly Saturday early mornin8 prayer meetln& is held on Zoom, which has attracted both members and others not otheThvise connected with Church, The Mlsslon Outreach committee met regularly to plan sultable activitles Plans are well ad¥anced to employ a lay person as a Mlsslon OutreKh Enabler, hopefully with recrultment taking place in surnmer 2026 with a projected start date in Autumn 2026. The Church participated sn varlous local ecumenical events throughout the year ooanlsed by Churches Together in Potters Bar. These included an Ash Wednesday united seprfice and a Good Friday open air semce and monthly prwffrs on the i Saturday of each month. Shenley also plan local activities and also let out their premises to a varlety of villa8e 8roups including the Wl and the Girl Guide5. The Church sP)D50red Scout Group meets on the church premises and held thelr very popubar ChrSstmas and Spring fairs and jumble sa. The premises continued to be let out lo a wide variety of communlty group5 including a ballet School. residents. groups and mother and baby 8roup5 as well as for family celebTation5. Church membershlp
The Church membership at 3151 August 2025 wa$ 86. At 1° September 2024 there were 89 members. During the year 3 new members joined. 4 members died. I moved away and I resigned. In addltion, at 31" August 2025 there were 36 others on our (ommuDity roll. A net loss of 4 over the year. Nursery play8roup The Church runs a Nursery Playgroup I'NPG'I for thildren from 2 to 4 years. this is operated from two sèttlngs: one at the Wayside Jubilee Centre In Oakmere and alrA) at the Church's own premises in Baker Street. Both settiw bein8 in Potters Bar. The NPG is registered with OFSTED. It has a separate management board which oversees its day-to. day management in conjunttion wlth the settingg senior manager and her team. This board includes members of the Church Councll to whom il reports and has ovefall responsibllity. The objectives of the NPG are to serve the local communities in which the two settlngs are thted and to cover its costs. Both settings are inspected periodicalW by OFsfED. Brief Ilnanclal revlew of the year The Church has three funds: The General or unrestrbcted fund which maintains the Church 's fabric and contrlbutes io the cost of Circult ministry and other Circuit. Distritt and Connexional (National Methodist Church) work. The main restrlcted fund Is the Nursery PlarOup The desi8nated fund relates to Shenley Church. Gemral Fund Income The maln source of income lor the General Fur are the regular donathons from members and frlends and relèled Gift Aid recoverable from HMRC. The second major source 15 lettiny income from use of the premises by external organisatK)ns. Income from regular glving by members and frlends before Gift Aid redaimed decreased sllghtly by £1.736 to £56.131 from £57,867 in the previous year. One-off donations from members and friends increased si8nificantly to £16,936 compared with £6,380 in 2024. Lettings income for the year rna1ned fairly constant at £17,399. Expenditure
The major expenditure of the Church's General Fund is the assessment paid to the St Albans & Welwin Circuit. The total was £58.5)) and this was reduted from £65,4 in the previous three years after a reas5e5ynent of the contributions payable by the thurches in the circurt. This Ssessment is the Church's contribution to the remtsneration and accornmodation costs of the Circuit's stipendiary ministers and our cOntriblon towards the costs of the WO of the Meihodist Church re8ionally and nationalty. The largest local expense for the year was ongoin8 repair and maintenaKe work to the church roof which cost £11,646 After takin8 the above expenses into account, the general fvnd incurred a loss of £3.177 for the year to 3151 Au8USt 2025. Shenley Churth As Shenley is a class of St John's some expenses are borne cÈntrdlly but local income from 8lving and fund faising exceeded the runnirvd costs and rouline repairs and maintenar4ce of the building. Nursery Playgroup The Nursery Playgroup had a successful year financlally. The total Income of the Playgroup for the year to 31 Augusl 2025 was £377.C(M) compared to £347,CO) In 2024. A5 in previous years the majority of the income, 92 % In 2025, came from pupil hours paid for by Hertfordshire County Council with the balance beln8 paid by parents. The Playgroup made a surplus of £29.(KKJ for the year. Fund bal•K¢s As at 311t Au8ust 2025 the net current assets of the Church General Fund were £89.364. Yeaf to 31° Prior yeai 2025 £ Unrestri¢tedfvnds General Fund Buildin at Potters 8ar Desnated funth Shenley Fund Buildings at Shenle Rertrktedfvnds Nursery Playgroup 88,4n 91,654 2.5CX).( 31,478 29.112 340.K) 139247 109.725 Other Total funds 11.7381 3J197,464 1894} 3,C69,597
The ReseNes Policy for the Church general fvnd is to hold reseryes of at least 6 months. average expenditure. In addition, there is a speak provisK)n for repairs to the roof of a fvrther £IO,(KX). Thi5 should be 5uffioent io meel any UnfoSeen items of mapr expenditure on the Church buildings and be able to continue, in the short terni. to fijnd planned activit in the event of any inability to raise sufficient funds to discharge running costs. The trustees are buildin8 up additional reserves in the general fvnd twnd the level needed to comply with the reserye5 polioi set out above: this is lo contfibute to the c05t of employing a lay person to carry out the role of a Mission Outreach Enabler. hopefvlly commeTrclng in Autumn 2026. 8asls of preparatlon and lryal fr4mew The Charrvs annual POrt and accounts for the year ended 31 August 2025 have been prepared In accordance with the Charities Act 2011 arKI the Charities: Statement of Recomrnended Practice 2015 as appllcable to the Financial Reporting Stsndard {FRSI 102 Full Name of Charlty: St John's Mdhodlsl Church Potter5 Bar Registratlon Chafity Number-. 1130633 Date of registratlon- 21 Juty 2009 Maln communicatlon address: 67 Baker Street Potters Bar EN6 2EX The members of the St John's Methodist Chuich. Church Council are the Charty Trustees. The membershlp Is set out bek>w. Superfntendent Mlnlster Rev David Jebb Church St•wards Helen Jeckells David Carter Sally Gunnin8 David Rhodes Sue Chard lappolnted I. September 2025 re*ned May 20261 Church Treasurer Robert Ward Other members of the Churth Coundl Chri5 Humphreys Kathryn Krause Stephen Krause David Bowler Guy Fenner Dawn Fenner john Sloper (died October 2025 Myra Sloper Val Parker Maggie Day Loutse Bourton Iresigned May 2026)
John Sterland Sue Branch Helen Strand Church Tmsurer: Robert Ward acted as the principal officer overseeing the day-to-day financial management and accounting for the Church during the year. Indepeftdent examlner: GArthur Itd Wen Garden (Jty Bank•rs". Central Finance Board of the Methodist Church Trustees for Methodist Church Purposes CAF Bank Itd Alms and organ15atlon The charivs objective 15 to WO tO8dher as a local Methodist Church to Ilve out the Christin faiih and Sha the good news oljesus Chfirt in our community. "The purposes of the Methodist Church are and shall be deemed to have been slnce the Date of Union the advancement of: al The Chfistian faith in accordance wilh the doctrinal standards and dlsdpllne of The metIdISt Church,. bl Any charitable purpose for the time beln8 of any Connexional, Dlstrltt, Circuit, local or other organlsation of The Methodlst Church.. cl Any charitable purpose for the tlme beln8 of any society or Inslitution subsTrdlary or anclllary to The Methodist Church; dl Any purpose for the lime bein8 of any charity bel4 a chafity subsldbary Of anclllary to The Methodlst Church Worshipping God through prayer. wn8 and other acts of Wofship. 'Yhe organisation and re50urcin8 of regular public acts of worship open to members of the church and non members alike. The teaching of Christbanity through semons. coutses and small groups. The resourcing of pastoral work including visiti& the sick and bereaved. TakinB reli8lous assemblies in local schoots. Promotn of Christianity through the sta81 of events and servlces. Pfovlsion of chaplaincy ser¥ices to ihe local unl¥ersity and other institutions. Publlc Benefft We conflmi the trustee5 have had regard to the Charity Commiss.5 guidance on publlc benefit. Structure. Governance and Managernent "The governing document foi the Church is the Deed of Union11932) and Mdhodist Church Act 119761 Detailed governance arrangements a outlined within the Constitutw)nal Practice and Dixlpline of the Methodist Church by order of the annual conference ICPDI.
Day to day management of the Church is undertaken by the Church Leadefship team alore with the Minister. The trustee5 are appointed by the Annual Church Meeting. Trnstee Trainln8 A range of guidance produced by Methodist Connexion to support the effective running of the Church. specffically the leaflet Tr Role of a Trustee in The Methodist Church, is 8iveD to all new Church meeting members as induction to their role a5 trustee5. From time-to-time members of the Church Council. as managin8 trustees, atteDd specific trdinin8 courses run by the Circult. Rel*•d Partles The Church is part of the St Albans Welwyn Circuit and the Beds. Herts and Essex Distrirt and is a150 accountable to the Methodist Conference. Rlsk Management The malor risk5 have been identifd and recorded by the Church Resources (Finance and Property) Committee. There is a regular annual revlew process undertaken and recorded. Income and Expendlture is being monltored In tolal and15 compared with the approved annual budget on a hèlf yearly basis to detert irends as part of the risk mana8ement process to avold Unfo$een calls on reserves. S•le8uardln8 Every person has a value and dignity which corne5 directfy from the creatk)n of male and female in God's own image and likeness. Christians see this potential as fulfilled by God's re-creation of us In Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protert them from harm. Methodisl Connexional practice outllnes commitment lo the followin8 principles: . The care and nurture of. and respectful pastoral mintstry with, all thildren, young people and adults The safeguarding and protectlofi of all chiklon, youn8 people and adults when they are vulnerable . The establishing of safe, caring comrnunities whlch provide a loving environment Whe there Is informed vigilance as to the dange of abuse. • We will carefully select and train all those with any responsibility withln the Church. in Ilne with Safer Recruitment principles. including the use of Cfiminal records disclosures and registratM)n with the relevant vetting and barring schernes. • We will respond without debay to every Complaint made which suggests that an adult. child or young person may have been ham)ed. cooperating Wlth the p)lice •nd local authority in any investigation.
. We will seek to worf¢ with arryone who has suffered abuse. developi with them an aPPTopriate ministry of infom)e(I pastoral care. . We will seek to challenge any abuse of power, e5pecialty by anyone in a posrtK)n of trust. • We will seek to offer pastoral care and support, including supervision and referrdl to the proper authorities. to any membef of our churth community known to have offended against a child. young person or vulnerable adukt. In all these principles we will follow legislatKbn, 8uidance and recognised good practice. St John's Methodist Church commits itself to ensurlng the implementation of Connexional Safe8u3rding Policy: government legislation, guldance and safe prattice in the circuit and in the churches. St John's Methodist Church commits itself to the provision of support. advi and trainin8 for lay and ordained people that will ensure people are dear aNJ confident about their roles and responsiblllties in safeguafdlng and promoting the welfare of chiklren and adults who may be vulnerable. The Trustees. report and the financial statements wère approved by the Church Councll on 22 June 2026. Robert Ward Church Treasurer Rev David Jebb Minister
St John'$ IAothodlst Church Polt•rn Bar 34M5 stst•m•nt of Flnancial ActivibM (SOFA) for th? year end•d 31 August 2025 Funob Tot•1 prfor Incom• 55.131 10.936 16. 62035 113C6 13704 17.710 17301 3 Gwt akl 342983 28744 22.371 tl4•7S 4156 8 TJtsl Irwn• Exp•ndttur• 5fy) 4.975 35.024 24.925 10 GrJnl• •nd dc10 5015 26619 24554 309266 12789 12648 5.771 13 PJrn•ry Pl•ygrw si•ff ¢o•ts 8,161 2B87 16 Ini•rnal LY9•ro 17 Txal ¢h•rfl•bl• •xlIU 18 G•knWlh7M•¥I 19 G•In(k)Sl on 20 11•1 IncW•xp•ndlbJrnl 21 T•Tr b•1wn hjr 22 0r &vJJ 471.0 476291 3249 8,172 13.n3 -13nJ 3,171 2.E•1.654 ile• 3S9.112 371,4 8.172 3,077,769 J.C69,597 24 Total lunds broueht lorard 101831 >mg.897 137
St J•hn IA•thotht ChuY¢h Pott•rn 8•r Church No 34106 Balance Sheet as at 31 August 2025 TOtt XZ5 2.9XI.f I..{ Sh 29.717 17.WO Lth)• tylhe 77.430 23.190 42.737 144JOJ 78,459 118,312 32,510 .016 Z3.61S 19.526 11.052 C•¥hal Bank hd .520 31.4n 270M7 C•xw•nt CiJitcf8 In Ur 1 3.871 5.1 iJ,$2J 15.824 Gr•nt• wyablTrl#wi202&26 3.871 7T s,1 lJ•J47 IS.124 -1.7J• iJ• iw¢t•rni lbIllI •ft•r m• ih•n o Gi•n lo•n•lo Curdl 2.51Vn 371.471 139.247 10•7M4 J.Q8•.S97 Fur#1 Untwtrd•dl 2..477 2.581,477 371.478 2,591,654 3Bg.112 2..7•1 494 109.725 3.M9.fj97 371.478 Fu .1.738 -1,736 131,247 1097 1J•,247 139.247 2.$18,4TT 371A78 Sw3ned Church Treasurer
St John's Methodlst Chur¢h Potters Bar Notes to the ACC1rtS ftw)t•r to 31 Awt 21)25 l Basls of accountl The financial statements have been prepare(l under the Charities Art 2011 in accordance with ihe 2014 version of Accountir6 and Reporting by Charities: Ststement of Recommended Prattfj ISORPI applicable to charities preparing their accounts in accordance with FR5102- the Charilies SORP IFRS1021 and taking note of the Update Bulletin I ISS in 2016. 2 Goln8 ¢ofi¢ern The Trustees have assessed whether the use of the goiThd concern basis is appropriate and have considered posslble events or conditions ihat might cast doubt on the ability of the Church to continue a5 a going concern. The trustees have concluded that the Church has sufficient resources to continue in operational existence for the foreseeable future and consequentty it is appropriate to continue to adopt the going concem basis in preparlng its financial statements. 3 Funds The funds held constIte the followin8: General Funds held for any purp)se of the Church which are Unrestricted. Resiricted funds whbch a held for a narrower purpose. There are no Endowment funds. Details of each material fund afe disclosed In the final note to these accounts. Any funds may be represented by more than lust cash. 4 Accountlng poll¢les Basls These accounts have been prepared on the basis of historical cost, except that investments are shown at their market value at the end of the year. on the accruals basis to Show a tfue and falr vlew of the Church's financial position and activities. Incoming Resour5 Income is included in the Ststement of Financial Activitie5 ISOFAI when the Church becomes entitled to the resources, and the trustees are aSOnablY certain they will receive the resources; and the mOtary value can be measured with sufficient reliability. Resources Expended Thls is recognlsed when a liability is incurred. or a constructive obluation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an ouffiow of ecorrt)mic beneflt Is considered more likely than not under the legal or construrtive ObltIon committin8 the Church to pay out resources. Grants and donations Donations made by the Church from its own funds a recognised in full at the tlme of agreement or when the Church accepts that there is a legal or operational obli8ation to make the payment.
VAT Slnce the Church 15 not VAT registered. all input VAT 15 charged with the expenses to which it refers. Fixed assets Land and buildin85 and other church property The Church building and land is held on Trust by Ihe TnteeS of Method1 Church Purposes. Tangible fued assets include the freehold land and l)uilding& The property is listed at its fair value. No depreciation 15 WOVKkd as the re$Ual value Is considered to be at least equal to the carrying value Moveable church furnishings are written off to ihe Statement of Financial Actlvlties. Investments In January 2017 £75.1XKI from the Play8roup Fund was Invested in a Corporate Bond with the Central Finance Board of the Methodist Church via the Trustees for Methodist Church Purposes. Dividends received in the year are credited to the SOFA and the unrealised gain or loss on the market value of the bond at the year*nd is shown separately on the SOFA as a 8ain orloss on monetary investments. Debtors and Prepayments Debtors Include Glft Aid applicable to the latter part of the financial year receivable from HMRC. Prepayments include amounts paid in advance for insurance. other services and the Circult assessment. Creditors Creditors include. PAYE tax due to HMRC for salaries paid in Au8USt 2025. 5 Induslon of Shenley Methodlst Clwrch In the accounts of St Johrfs The transartions income and expenditure, relati to Shenley are induded in desi8nated funds for the year in the SOFA and its assets and liabilities are included in the balance sheet. also a5 a designated fund. The market Value of the buildin8$ 15 included also as a fued asseL see note 6 below. 6 Valuatlon of land and IoIdIS A professional valuation was obtained in 2022 of the current market value of the Church land and buildings at both Baker Street Potter5 Barand at London Road Shenley. These properties are shown at this market value. 7 Payment to Trustees There were no payments made to trurtees for additk•nal Servi provided to the Church. This also applies to the previous year.
8 An*sis of Income and Expevxlll Other Chafitsble In¢tyM 2024 £ lettings jumpi Johns- toddlers Fees for weddin and funernls Alpha Course donation5 Fund raising Sund Total: Gertetal Fund 17399 667 17354 494 3,784 22371 20.645 Eypendltur• General fvnd: Property malntenance Re airs and malntenance Equipment Cleanin materials Statuto ins ions New Church doors Cleanerfs wa Totsl: G•neral Fund 21P5 £ 2024 £ 14.047 1328 2164 2.952 3ffi23 es 11.401 3524 Nurse ay8roup- other expendltuv¢ Wayside Centre - re aratory work Rent- Wa ide Centre Teachin materials Other costs Total: Nur5•ry playywp rtstrlrted fund 2025 £ 2024 £ 10,607 11.46S 4,529 10,079 4,777 3525 32.649 10. Ftts for Ind•peDd•nt •xamlnatlon of the a¢¢•unts The Independent exarnination of the accounts has been Cale out by GArthur Itd a firm of Chartered Accountants based in Welwyn Garden City: the fee charged was £4.080 incluslve of VAT. The fee charged in 2024 by the previous fim of accountsnts.. Newman Morfts. was £2.5CM) inclusive of VAT. No fees have been paid to either fimi for any othew serrfice5 durivd this year.12024 nil). 11. Pald employe•s The Church employs a cleaner who is paid from the General FuTrd. The avernge number of staff employed by the Play8roup in the year was 21 who were paid from the Nursery Playgroup restricted fund INPG).12024. 211. Stsff c05ts paid in resped of the year
General Fund NPG£ Gross salaries, wages ènd NatM)nal Insurdn Employerfs pensb)n costs Total staff Costs 11.402 2XI,499 17,241 307,740 IiA02 12. Capll•l ¢ommknments and cont1t Ilabmiiks At 31 August 2025 there were no capital commitments. No contingent liabMitie5 were identffied as at 31st August 2025. 13. Analysls of lurth 2024.2025 Fund nam• Openlr Balae £ Unrealhed Ins& aod Balanc• £ General: unrestricted 91654 114.67S 1131,585) 13,733 5(KJ.(XW) 2.5(rf1.(XKI Church bulldln Potters Bar Oesignated: Bulldlws Shenl Deslsnated: Shenley fvnds Restrlcted: Nursery 29,112 8.269 15.9031 31h78 109n5 377,450 (332,727 (1,468) {13.7331 119347 Other restricted funds Totals -894 -1738 3.069.597 s.394 1471.0591 11.468) 3.(VJ7.464 i& Rd*•d partytrnnsacilo Durlng the year the following payment was made to ihe St Albans Welwyn Circuit as a contribution towards the rernunerain and accommodallon costs of the Circuiys slipendiary ministers ar contribution towards the CO of the work of the Methodist Church regionally and nationally. 2024 St Albans Welwyn Circult £58.5 £65,4(K)
Name of Church St John's methodist Church Pottefs Bar ..341305. Declarations and Scrutiny I confirm that these accruals-based accounts for year to 31 August 2024 have been prepared from the records of the Church and thal tlw indude all furwjs under the control of the Church trustees. Signature of treasurer Date.........19thJune 2026 Nameof treasurer.................... Robert H Ward Prosentatlon to the Church tru$ts•s I confimi that the annual report and accounts for the year ended 31 August 2025 were presented to ts meeting of ts Church trustees held on 22Th1 June 2026 Signature of the Chair of the meeling: Name of the Chair ofthe meeling: ......Rev David Jebb Date......22nd June 2026..............
I report on the accounts ofthe Charitytorthe year ended 31 Augu8t 2025. AMpoctfv• r••pon81blliilu olth•TN•tsu and Eumlner• The Trustee8 are responsible forthe preparation of the account8. The truste88 consSderth8t an audlt 1$ not required forthe year under sectlon 144(21 of the Ch8ritle8 Act 2011 (the 2011 Act) and that en Independent examinatk)n 18 reded. As an examlner. it18 our r88ponslblltyto Examlne the accounts under aectlon 145 of the 2011 Act Followlhe piocedures laid down in the General Direcilon8 gl¥6n tythe Chartty Commi88ioner8 under section 145ISllbl ol the 2011 Act: and St8t8 whether partl¢uLar matters hm come toyour attention. Ba•1• of •xamlnor's •tat•inent Our ex8mlnatlon was ¢8rrled out In aCCdanCe wlth the Gongral Dlracilon8 O¥en by tha Charlty Commlsslon. An ex8mln8tl¢)n Include• 8 r8%lew ol the accountlng rer0$ kept bythe tharlty and a Comparison of the 8ccounts pr88ent6d wlth those re¢ord8. It also include8 con8ld8ratlon of any unusual Items or digc109uros In the accounts and Seeking explanatbn8 from you as Tru8tO08 concofnlng any 8uch m8tter8. The procédures undert8k6n do not provlde ell the evldence that would bo requlred In an 8udlt. and con8equen¢iy no opinion 18 given a8 to whethor the accounts present a'tfue and tolrviw and th• fOPOrt 1$ ilmlted to those matters 8Ot our In thè Jtatamant beLow. Ind•p•nd•nt Ex•m1rr.¥ St•t•m•nt In conneffllon wrth our examin8tlon. no mottor h88 corne to Ouf attertlon 111 whlch me r888on8bLe cause to boUe¥e thot, In ony material rgSPe¢t. th8 requirements to keep 8c¢ountln8 re¢orrts In accordance wlih 8ectlon 130 of Ihe 2011 Act to prepare accounts which 8ccDrd wlth the 8c¢ountlng fKord$ and to comply wlth the accountlng requirements olthe 2011 Act have not Ian met: or {21 to whl¢h, In my oplnlon. attentlon should be dre in orderto enable a proper understandlng of thg 8ccoum to be reached. J8V8rla Sarmad FCA GArthui Limi18d Chartered A¢countsnts 8898point Busina88 Centre 110 Bur(erti8ld Great M8rtlngs LUTON. 88d$ LU2 80L Deted.. 15 June 2026