2021-12-31-accounts

The Church of St Mary Magdalen, Knighton

Statutory Accounts 2021

Presented to the Annual Church meeting (APCM) on 15[th] May 2022

Statutory Accounts 2021

Financial review

Comments on the Statement of Financial Activities and analysis of income & expenditure

“2021 was another challenging year for our Church finances. Although we saw a gradual return to something like ‘normal’ life, the pandemic has highlighted weaknesses in our overall accounts. Chiefly, we see that the annual accounts of the church, over many years now, only remain balanced because of the income received by the Parish Centre. This is because the aggregated regular giving of the congregation remains low and does not cover the regular activities of the church. We have some siginificant reserves, but these also obscure the reality that we are not giving enough to sustain the life of the church.” (AJ)

Total income and endowments 2021

Total income in the year was £173,802, which was £24,394 higher than in 2020, reflecting a turn towards the pre-pandemic situation.

Total donations and legacies at £122,361 were £10,886 higher than 2020 due to:

• £28,529 increase in grants & legacies

• Offset by £7682 fall in furlough grants, and

• Reduction of Spire donations by £12,294

Total income from fees was £1,509 higher in the year at £5,724

Total other trading activities at £43,571 was £17,146 higher than 2020. This is mostly

explained by increases in Centre lettings and fundraising events.

Total expenditure 2021

Total expenditure in the year was £220,746 which was £49,016 higher than 2020

This is mainly attributed to

• £41,603 increase in Spire Project restricted & designated major maintenance costs

• £2,970 extra towards the restoration of our contribution to the Diocese

• £1,844 increase in administration costs due to the cost of posting copies of the newsletter.

Net income /(expenditure) before transfers for 2021 was expenditure of (£46,944)

Transfers in the year relate chiefly to work on the Spire Project.

Gains/losses on investment assets – Gains on investments total £11,026.

2

Unrestricted Reserves Policy

The PCC reserve policy for 2021 is:

• 1) To hold an operational reserve equal to: working capital, 3 months of routine operating costs and employee notice periods.

2) To hold building maintenance reserve totalling £75000 for maintenance of the Church and Parish Centre. As all major building maintenance projects are authorised by the PCC from total reserves, only a reasonable level of funds will be held in the Centre bank account as working capital with excesses transferred to PCC main bank account enabling efficient investment.

3) To hold any reasonable level of surplus reserves as a contingency against annual deficit and reduction in investment valuations.

• 4) To review the policy and the level of reserves annually.

• 5) To undertake fundraising if actual reserves fall below the required levels.

The reserve policy was reviewed and in the light of the continuing covid financial uncertainties and work on the Spire Project, it was decided to retain the current policy and review it and planned use of reserves when finances were clearer, hopefully in 2022.

At 31/12/21, the total unrestricted reserves required and held was in accordance with the current policy.

Financial control policies

Management accounts and budgets are produced during the year to manage and control finances. All Groups/committees have clear guidance on their delegated authority and when they must refer to the Standing Committee or PCC for approval. The Building Group, who are responsible for maintenance of all buildings and the churchyard, have authority to spend up to £2000 on individual items of major maintenance or capital above which they are require to obtain approval of the Standing Committee or PCC.

Risk management

The PCC manages risk through a number of mechanisms including the following specific policies and practices:

• Children and vulnerable adults – adoption and annual review of diocesan templates.

• Charitable giving policy.

• Health and safety – a H&S policy, including fire risk assessment, routine inspection and testing of high risk items, monthly safety inspections of Church and Parish Centre and appointment of a Church Architect.

• Decision making – clearly defined committees/groups for management and delegation.

• Parish Centre and Church hire policies.

• Finance – clear control policies with regular review of management accounts, budgets and investments.

Volunteers

3

Thanks are due to all volunteers who work so hard to make our church the lively and vibrant community it is.

Structure, governance and management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure and is a Registered Charity.

The method of appointment of PCC members is set out in the Church Representation Rules. At St Mary Magdalen’s, the membership of the PCC consists of the incumbent (the vicar), churchwardens, the assistant curate, representatives on the Deanery and Diocesan Synods and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how funds of the PCC are to be spent. New members receive training into the workings of the PCC.

Given its wide responsibilities, the PCC has a number of committees and groups, each dealing with a particular aspect of parish life. These committees and groups, which include Social & fundraising, Giving, Worship & Outreach Development and Buildings, in addition to the statutory Standing Committee, are all responsible to the PCC and report back to it regularly, minutes of their decisions being received by the full PCC and discussed as necessary. Detailed terms of reference and a scheme of delegation have been operating during the year.

Report approved by the PCC on 3[rd] March 2022 and signed on their behalf by the

Red Adrian Jones (PCC Chairperson)

4

Administrative Information

St Mary Magdalen's Church is situated in Brinsmead Road, Knighton, Leicester LE2 3WD. With the Parish of St Guthlac’s, it comprises the Benefice of Knighton in the Diocese of Leicester, within the Church of England. The correspondence address is The Parish Office, Knighton Parish Centre, Church Lane, Knighton, Leicester LE2 3WG. Registered charity number 1130923.

PCC members who served during 2021 are:

Ex Officio members:

Incumbent: The Revd Adrian Jones (Chair) Assistant The Revd Matthew Gough Curate: Wardens: Mrs Beryl Bonfield (from May 2021) Ms Sian Howard (Vice Chair)

Elected members:

Mr Bob Rutland representative on Deanery (to APCM 2023) Synod Mr David representative on Deanery (to APCM 2023) Stanyer Synod (Treasurer) Vacancy representative on Deanery Synod Mrs Angelica (to APCM 2021) Amoroso Mr Joshua Crick (APCM 2021 to 2024) de Boom

Mr Michael Kirk

(to APCM 2022)

5

Mr Andrew Oldershaw

Mr David Palmer

Mrs Lorna Pollard

Mrs Judith Rudd

Mr Nigel Siesage Mrs Ida Stanyer Vacancy

(to APCM 2022)

(from APCM 2020 to 23) (from APCM 2020 to 23) (from APCM 2020 to 23)

(to APCM 2022) (APCM 2021 to 2024)

Co-opted members

Mrs Amanda Beck

Mr Joshua Crick de Boom

(from APCM 2021) (from Nov. 2020 to APCM 2021)

6

Knighton PCC Statement of Financial Activities Forthe perlod frorn 01 January 2021 to 31 Decembor 2021 71.473 122.361 5.724 4215 28.425 10.59) 114$ 2.146 Tot•1 Ir¥r￿• 44121 Iswo 149.408 107.611 4$ 1&1•7 220.645 171,1es 1D7.71? 141 22ts.740 171,ni 14&71n 115Bn 122.J211 Tr3nsfers 370 274 I31￿1} 3U.155 136,1$51 1D1,449 1101,4481 ol1wrecw￿Se00*￿￿$}I0sseS 11.U25 16.263 P¥.•t7) QSU Reconclllaith dfunds 741412 Represeniedby 741412 742.412 18 1T2 247 247 16.724 1213 1213 ￿1￿FL￿vj 109.435 Fund Fgbrt¢Fvrt1 SE4￿F￿ 1555 03 Fthw2022 1

Knlghton PCC Balance $ho•t Isummaryl As at: 31 Decemb¢r 2021 Asat 3111¥1021 A¥ at 31M2fu120 &55.116 551,5fj2 S55.116 551.962 S.OJ2 82.932 126.897 4,e52 71.906 180.873 Inyosknen C42h ai b￿and 216.843 257.432 Uakllltl• 215.20$ 254,3n 770J23 no.423 Reprtertl•d by 742.412 689,418 00&gTra￿. cjK4rF￿nd D￿on9t0d- Flu￿rGLi 0￿9n&t￿d. Friwthdst D•swnat8d. FL¥MI D￿9￿￿ts. F 247 16,724 1213 IIY&.435 Restrthj. Buldry W FLp•J Resthcted.Cthuthafd FuTrl Resth¢W. Fa￿¢FL￿1 T.481 Flesththo. Ve5thentS Resth(thd- F￿ntt 3555 Fur￿1 ofth• ¢hw¢h

Knlghton PCC Balance $ho•t Isummaryl As at: 31 December 2021 Asat 3111¥1021 A¥ at 31M2fkn20 &55.116 551,5fj2 S55.116 S51.962 Currant au•ts 5.012 82.932 126.897 4.652 71.906 180.873 Inybsknen Catha1￿andkn 216.843 257.432 215, 254,3n 770J23 TO￿ I￿￿1 Repre*rtl•d by 742.412 689,418 09ggnAt4d. Fw¥J cjK4rF￿nd D￿onSt£d- FluhwGLi t16￿9n￿t￿d. Friwth(rfSt MaJ 247 16,724 1213 D&￿gn&t￿j. Sw• F￿￿1 IIY&.435 Restrthj. Buldry W FLp•J Resbicted-churrhyard Furnl Resthcted. FabficF￿j T.481 Restrirthd-s￿￿ F￿ntr 3555 Fur￿1 ofth• ¢hw¢h

Kn￿ht0￿ PCC Anatysis trf income and expenditure Selected perbod.. 01 January 2021 to 31 December 2021 LaBty••r Income and endowments Donalions and legacies 0101- GI￿n￿ gfft-athd- 0105- Gmfo 9rfiabd- thwue5 0110- GMn9 011S- Fund. donakns 0118. Friwds ol Krrt9h￿ Chjrth 0201- &￿ng- notgft aKtgd 0301. Liw • L¥Wethor 05S>. D￿a￿Orts appeats etc 32.147 32.147 31.35$ 474 6.474 4.379 4.183 9.14D 16.673 4.379 4.1&3 3.878 936 1.236 1213 10.493 705 14.401 07DI . Legaoye5 0841 . NO￿r￿)Jr￿ry (¥￿ff 17.6YJ 17.6SJ 27. 11.647 Donallons and legacles To181s 71.473 122.361 111.475 Income frtsrn charltable act1W1￿5 1101- Few- Wedd￿￿$and frJnws 5.724 4.215 Income from charitableaclivlties Totals 5.724 5.724 4.215 Other tradlng 3ctivAt 0910. & fund év)ts 1117 2.117 281 0911- (ndés Intrrtm 0912. Incomè 091S. sp￿ Fu￿. tvnd 1240- Cwlre ￿hr 1241- ￿ttkn 1260. Parish nwne sabs 1261. Pnntirg rw*Arge5 2.081 10.5 27.IWS 10.5XJ 1.581 22.163 1.379 1.379 570 Other IradIng￿lIV￿lIes Totals 43.5T1 28.425 Investments ICM)1- Dividerts 1020- Bank & bJqdlrgyKL IniweAt 1225. SpYefiJTh1 hitUOgt 1041 2.041 105 4.407 87 27 Investments Tot81s 1145 2.146 4.S23 Olher IncomÈ 1310- In￿ra￿e0 dalmg Otlw In¢iNne Totals 2.769 Income and endowmonts Grand totsls 111074 46.128 15.euj 173.WJ2 149,406 03 Febnjory 2022 P4e I io

ThIK y•w L••ty•v Exp•ndltur• R8islng funds 1715- Sp're FurvJ- fund ex￿nd￿vre 1720- Costs ￿G￿Ing Scher 101 179 R3islng fLtnds Totats 101 563 Expeftdllure on charitabk actiories 1910. Conlnbjtw to DKJrxe 2050. SaLqry of partsh adm￿l$tra￿ 37.030 11.7 729 273 885 1.122 4.368 2.850 2.396 293 $28 12.[￿2 1.1 12.042 1.196 436 2101. Ex￿n9@S ofwKunK 2102- Curate's exp￿Se5 2201. Mts5ion outreaeh 2301. CtsJTrh inwJrdrhxs 2304. In￿r•￿e daift 859 4.214 4.445 3.149 1018 1,B18 2331-Church deaning 205 2341. Other tnusK co 2350- Chur¢hy8rd m8inn8rK 2360- AdministrAtiDn 2401. thurch dedrioty 2410- Church gas 2420- Chutth w8t 2520. Centre 324 6,427 8271 618 2.479 8.271 618 2.479 2.328 16.276 16276 17,512 1,194 2,512 1,305 2530. cen￿ eledrknty 2540. Centre gas 2550. CwtyB 1.328 3,233 2570- Centre lirmces 2580- Cenkn water 176 647 647 TT3 1.924 3.859 2702. Churrtyord M9kni￿1￿r￿O 2801 . Centre mahx rrrt8nKK* 2815- W're Fu￿- tnainlenance 3CK)O. Oepreoakn. Cknh & 5.541 5.541 1.957 1￿.784 91738 12. 64,181 314 314 1.925 1.925 Expenditure on charltable acllvktles T￿81$ 107.611 18.187 220.645 171.166 Expanditure Grand t¢)tals 107.712 18,1&7 220.746 171.T30 03 Febw8ry 2022 P890 2 li

IASSETS APL) LLIBL￿Es $￿E￿AsSErs T￿BLE A55Ers GROSS BOOKVfvLLK131 E316,152 £￿1.424 £0 E4Z749 £5￿.325 £5.393 £5.3931 .£4.301 -£4.￿1 131 Dttert￿202l IJEPRECL4TTh A31 ￿￿￿￿>jA) DÉ[￿a c147￿ets￿ar 31 £0 £0 £0 £38. .£4.301 £38.362 -É4.301 £0 P&shCtytt 2 IlclrthHal. Rth Thegr65 bJokvac4thelaJd•xlL¥Akn I￿1￿￿￿1￿ ￿(￿rn5 IS as estinTr3ie(I brI￿￿ra{￿e￿￿l￿)ses atl Ocknber1998. TIE v&ltQtrOfJS at28qw2J ap."Cefft-£994k"Holi￿kH?{1. CiIRREF￿ ASSF T(￿ iWTORS 657 1,817 1.817 1,891 £37,175, 37.175, 32,522, Lk¥&lTSB De￿1 IT.￿ | CCLAC d E Detts cCLAcdED￿t CCLAC { E De￿￿t CCLAC d E Dqxst CCLAC(rfED SBC CryrYTvKcw¢ HSBC c￿￿￿k￿yatt(%rt NaWe5t(wrert￿cIXrt LWJ5 CLwwKciu¢I ,548 ￿.5￿8 7.142 | 176 | SuWCkorw&crArt S￿dG￿ba￿￿[¢xrt b￿￿&￿E￿(as￿ Barkys 1555 7.740 ToT￿cURRE1￿ KAErs YA TCuRRE1￿ ￿SETs 7J 7J I￿yss OF I￿ASSETs BY FIM> 555.117 212. S51.9￿ | 257.432 cU￿aSSaS 216.PA3 12

THESE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 FORM PART OF THE ACCOUNTS continued

1 Asset and liabilities

See detailed schedule

2 Accounting policies Basis of the 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 and applicable accounting standard 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.

Fund accounting

Endowment funds are funds, the capital of which must be retained either permanently or at the PCC's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

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. Where these funds have unspent balances, interest or dividends on their pooled investment is apportioned to the individual funds on an average balance basis.

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. Funds designated as invested in fixed assets for the PCC's own use abated in line with assets' annual depreciation charges in the SOFA. Designated funds remain unrestricted and the PCC will move any surplus to other general funds.

Income and resources

Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are 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.

13

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 PCC agreed contribution to the Diocese 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 s10 (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 and are listed in the church's inventory, which can be inspected (at any reasonable time). These assets should be capitalised as fixtures, fittings and equipment and depreciated.

For anything acquired prior to 2002, there is insufficient cost information available and therefore such assets are not valued in the financial statements. Individual assets with a cost of less than £1000 are not capitalised and are included as expenditure not in the balance sheet. Fixtures, fittings and equipment assets within Church and Centre premises are depreciated on a straight line basis over 10 years. Equipment in the Office is depreciated over 5 years.

3 Staff costs 2021 2020

Office £12042 £11790 Parish Centre £16276 £ 14960

The above costs relate to a part-time administrator employed in St Mary’s Office and the share of a part-time letting secretary and caretaker employed in St Mary’s Centre. The Centre staff also provide a similar service to St Guthlac PCC for Holbrook Hall and their related costs have been recharged to St Guthlac PCC together with their share of furlough grants.

4 Payments to PCC members

No payments or expenses were paid to any PCC member or persons closely connected to them or related parties.

5 Investments

The agreed policy of the PCC is to maintain a balance between cash and investments, maximise income while not taking undue risks and to invest in ethical investments by using CCLA investments which are managed and operate under the Church of England ethical investment policy. Investments

14

are valued at market value at 31st December and gains and losses are realised when investments are sold.There were no sales or purchases in the year.The existing

holdings increased in value in the year by £11026.

6 Restricted funds

Education & Training, Building Appeal, Fabric,Vestments & Alter cover Funds

These Fund accounts are retained for future use.There was no movement during the year.

Churchyard Maintenance Fund

The fund is used to hold various donations made over a long period of time for the maintenance of graves. Following a detailed review in 2016-17 to identify any known liabilities, the balance of this Fund was designated to be used to contribute to the cost of any general maintainenance in the churchyard which was the responsibiity of the PCC.

£

Known liabilities 1000
For graveyard maintenance 6143
Balance b/f at 1/1/21 7143
Expenditure on lighting project (5541)
Expenditure on ground maintenance (602) (6143)
Balance at 31/12/21 - known liabilities1000

Donations are now only accepted for unrestricted general churchyard maintenance and no longer for individual grave maintenance. This can be done by donating to the The Friends of St Mary Magdalen.

Spire project

Work on the Project commenced on19/10/20 and was completed mid- April 2021 on time and to budget.

As fundraising had been severely restricted due to covid, it was decided to continue fundraising until 31/10/21 when the project would finally close subject only to the contract retention of net £3558, which is due in March 2022.

Spire project finance summary

Costs £

Pre - contract costs re detailed specifications 11584 Total contract cost of spire repair project including Vat 174302 185886 Funding From reserves 91590 Grants - Garfield Weston £5000 + - £28983 Listed Places of Worship re VAT 33983 Donations & fundraising 60313

185886

15

Friends of St Mary Magdalen

Following completion of the Spire project, the PCC decided to introduce a Friends of St Mary Magdalen Scheme to encourage community support for our beautiful church fabric and grounds. This scheme will continue the CAF giving facility and utilise the Barclays deposit account used for the Spire project. The fund will be a designated fund.

7 Designated Funds

Designated funds are unrestricted funds set aside by the PCC for use in the future for specific purposes. A number of funds have been set up during the year as shown in the statement of financial activities at 31/12/21.

The Choir and Flower Guild bank accounts were closed during the year. Therefore designated funds were set up for their expenses - Current balances: Choir £172; Flower Guild £247.

The Christmas Tree Festival was again very successful and generated a net surplus of £4093 which is held in a designated fund at year end. This will be shared equally between the Headway Leicester brain injury charity and the Friends of St Mary Magdalen.

In line with the PCC legacies policy, certain legacies received were designated to funds which the PCC felt appropriate to the benefactors: Music and Worship Fund £2213 and Friends of St Mary Magdalen £16724.

7 (i) Analysis of designated receipts and payments in the year Income £

Friends of St Mary Magdalen 4185 Christmas Tree Festival (CTF) fundraising Donations in memory of AS 1213 Music & Worship fund Legacies & Donations 17650 Friends of St Mary Magdalen & Music & Worship fund Non-recurring one off grants 22790 £1000 Council grant re CTF & balance Listed Places of Worship grants - Spire repair project Miscellaneous income 290 Transfer in of Flower Guild bank balance 46128 Expenditure Mission Outreach 1064 Christmas Tree Festival costs Sacristy costs 42 Flower Guild costs Spire Fund Major maintenance 93739 Spire repair costs including VAT 94845

7 (ii) Analysis of restricted receipts and payments in the year

16

Income £ Spire fund donations 4379 various donations Tax recovered – gift aid giving 669 gift aid on Spire donations Spire fund – fund raising events 10552 Including auction - £9700 15600

Expenditure

Churchyard maintenance 600 see note 6

Churchyard major maintenance 5541 Expenditure to complete the lighting project Spire Fund Major maintenance 12046 Spire repair costs including VAT 18186

8 Unrestricted reserves

The reviewed and revised PCC unrestricted reserves policy at 31/12/21 is as follows:

1) To hold an operational reserve equal to working capital plus 3 months of routine operating costs and employee notice periods.

2) To hold a building major maintenance (repair costs over £1000) reserve totalling £75000 for maintenance of the Church and Parish Centre. As all major building maintenance projects are authorised by the PCC from total reserves, only a reasonable level of funds will be held in the Centre bank account as working capital, with excess transferred to PCC main bank account enabling efficient investment.

• 3) To review the policy and the level of reserves annually.

• 4) To undertake fundraising if actual reserves fall below the required levels.

At 31/12/21, the total unrestricted reserves required in accordance with the policy is £127800.

Actual total unrestricted reserves (general and designated) at 31/12/21 totalled £210748

Use of unrestricted reserves

Over a number of years, the PCC has had several projects identified to consider, but the Spire Project has dominated our time and efforts. Detailed preparations started in 2019 together with fundraising, but in early 2020, plans were disrupted by covid. The PCC reviewed its options and decided to go ahead with the project and work started on 19/10/20 with planned completion April 21.

In view of the uncertainties of income and possible overspends on building work, the PCC decided that it was prudent to suspend consideration of any other projects and to hold contingencies in case of overspend until the project was complete.

The Spire building work was completed on time in April 21 and to budget. The completion of the Spire project to budget released some contingencies which together with increases in investment valuations, some major legacies, release of working capital required by the review in the reserve policy and fund raising in September before the spire project closed on 31/10/21, resulted in an increase in unrestricted reserves to £210748. In March 2022, the PCC will now carry out a review of proposed other projects.

17

Independent examlner'• Report to the trustees of St Mary Magdelen Church. Knlghton Paro¢hlal Church Councll. report on the accounts for the year ended 31st De￿rnber 2021 Respectlve rejponslbllltles ¢)f the Trustee• and Independent Examlner As trustees of the charlty, the members of the PCC are responslble for the preparation of the accounts. They consider that an audlt is not required for this year under section 144(2) of the Charltles Att 2011 (the 2011 Art) and that an Independent examlnatlon Is needed. It Is my responslblllty to: examine the accounts under sertlon 145 of the 2011 Act; follow the procedures lald down In the General Dlrertlons glven by the Charlty Commlssloners sertlon 145(5)(b) of the 2011 Att: and state whether pathcular matters have come to my attentlon. Basls of Independent Examlner's StatemeTrt My examinatlon was cathed out In accordance with the General Dlrettions glven by the Charlty Commlsslon. An examlnatlon Includes a revlew of the accountlng records kept by the charlty and comparlson of the accounts presented wlth those records. It also include5 con51deration of any Unusual item5 or disc105ures in the accounts, and seeklng explanations from the management commlttee cOn￿rnIng any such matters. The procedure5 undertaken do not provide all the eVIden￿ that would be requlred In a full audlt, and consequently I do not express an audit opinion on the accounts. Independent Examlner's Ststement In connection with my examination, no matters have come to my attentlon: . whlch glve me reasonable cause to belleve that In any materlal respert the requlrements • to keep accountlng records In accordance wlth s. 130 of the 2011 Act; or to prepare accounts whlch accord wlth these accountlng records have not been met,. or 2. to whlth, In my oplnlon, attentbon should be Ornwn In order to enable a proper un(ierstandlng of the accounts to be reached. S.A Ranklne Corner Thatch. Bell Lane. 8urt¢n Overy Lei¢e51ershirÈ LE8 90B Dated.. 17 February 2022 171>lz¢>L- 19

Faith for Life “I have come that they may have life; life in all its fullness” – Jesus (John 10.10)

20