_and_ ## **HOLY TRINITY PAROCHIAL CHURCH COUNCIL, STEVENAGE** including the churches of Holy Trinity and Christ the King ANNUAL ACCOUNTS FINANCIAL REVIEW YEAR ENDED 31st DECEMBER 2022 Registered Charity No. 1131873 ## **Holy Trinity Church, Stevenage Annual Report of the Parochial Church Council for the Year Ended 31 December 2022** ## **Aim and purposes** The charitable purpose of Holy Trinity’s Parochial Church Council (PCC) is the advancement of religion. The principal function of the PCC is to support the advancement of the Christian religion by promoting, in co-operation with the Vicar, in the geographical, ecclesiastical parish, the whole mission of the Church: pastoral, evangelistic, social and ecumenical. In addition, the PCC has responsibility to the Anglican Congregation at the Church of Christ the King Local Ecumenical Project located within the parish at Filey Close, Symonds Green, Stevenage (currently the sole congregation there, as there are no ecumenical partners at present), and maintenance responsibilities for the Church buildings and Churchyard of Holy Trinity, High Street, Stevenage, and the house at 413 Scarborough Avenue, Stevenage. ## **Objectives and activities** The PCC’s charitable objects (‘Promoting in the ecclesiastical parish the whole mission of the Church’) are primarily focused on the advancement of religion, which is recognised as a charitable purpose having public benefit. The PCC works to enable the church to play its part in Christian mission to the world; to co-operate with the vicar in sharing leadership; to care for the buildings and churchyard so that they may be best suited for the purpose of the church’s ministry and mission; to ensure legal compliance with charity law and ecclesiastical law, in particular in the areas of finance, employment and appointments; and to be a channel of consultation within the wider Church through its synodical structures on matters that affect the Church locally and nationally. Using the language on the gov.uk site: we provide and maintain a place of worship, generally advance the Christian religion, educate people about the religion, provide pastoral care and outreach, and support missionary and evangelical activities. We provide buildings / facilities / open space (as mentioned above – the church, churchyard, and house), provide services (community activities to combat social isolation, see Pastoral Care below), and make grants to organisations (giving a portion of our planned income to other charities). We help adherents of the Christian religion, but also the general public, especially people living within our geographical parish, including children and the elderly, and we make small grants to other charities or voluntary bodies. In addition, the PCC’s activities as listed below have further public benefits; for example, teaching and taking assemblies offer advancement of education which is recognised as a charitable purpose having public benefit. Donations to other charities and our own projects provide public benefits in the relief of poverty, need, and social isolation, whether within or outside the ecclesiastical parish, often for minority groups with particular needs such as the elderly. Moreover, as a result of activity in the pursuit of the advancement of the Christian religion, the PCC has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage, maintenance of which is undertaken by the PCC. ## **Achievements and performance** ## _Worship and Prayer_ This PCC is 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. For example, Morning and Evening Prayer provide the opportunity to hear and reflect upon a number of Scripture passages read by and within a small gathering, whilst our Eucharists engage the senses more widely, with the provision of Communion. We provide a range of music on Sunday mornings, with a leaning toward the more traditional styles of hymn at Holy Trinity, and a mix of contemporary choruses with traditional hymns at Church of Christ the King. Almost all of our corporate worship is accessible by internet &/or telephone for those who are house-bound or continue to shield. We continue to offer an 8 am Eucharist, currently once a month, without hymns, for those who prefer a quieter, earlier service, with less variation in the liturgy. The PCC continues to seek ways in which to involve young families in the life of the church, inviting baptism families to Sunday worship, and providing material for the very young alongside the traditional sermon. ## _Deanery Synod_ Three members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. ## _Pastoral Care_ The PCC and church more widely identified the lonely as a priority group for outreach, desiring to combat social isolation. We resumed the monthly Friendship Cafe as well as a Coffee, Craft & Chat drop in at Christ the King. At Holy Trinity the Art Club has resumed as a drop-in space for anyone but especially the lonely and vulnerable. In turn, some Art Club members enhance the worship life of our church with original artwork. The Holy Trinity Parish Rooms continue (albeit on much reduced in number following the COVID restrictions) to serve as a regular meetings venue for a number of community groups including the Old Town Toddlers and Rainbow Guides. The post-COVID resumption of daytime open church policy (currently Monday – Thursday) permits casual visitors to the church to find a quiet place for prayer and reflection. Votive candles are made available free of charge. A Pastoral Care group meets regularly to consider the needs of those in the parish unable to attend church due to sickness or infirmity. Home Communion is taken to the house-bound, as requested. The Parish Magazine "Crozier" continues to receive favourable comment and support both within and beyond the parish family. |`PCC`
`Members`
`who`|`PCC`
`Members`
`who`|`PCC`
`Members`
`who`|`PCC`
`Members`
`who`|`have`|`served`|`served`|`served`|`from`|`1`|`January`|`2022`|`until`
`the`
`date`
`this`
`report`|`was`|`was`|`approved`|`approved`|`are:`||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |`Ex`
`Officio`||`Members:`|||||||||||||||||||| |`Vicar`||||||||||||`Rev'd`
`Dr`
`Ruth`
`Carroll`
`(PCC`|||`Chairman)`||||||| |`Self-Supporting`
`Associate`||||||`Minister.`||||||`Rev'd`
`Andy`
`Thomas`|||||||||| |`Reader`||||||||||||`Mrs`
`Anne`
`Price`||||||`Until`
`21/07/2022`|||| |`Reader:`||||||||||||`Mr`
`Clive`
`Bell`|||||||||| |`Reader:`||||||||||||`Mr`
`Keith`
`Battarbee`|||||||||| |`Wardens:`||||||||||||`Mrs`
`Elaine`
`Hawkes`||||||`Until`|`34/07/2022`||| |||||||||||||`Mr`
`Lee`
`Slater`||||||`Until`|`31/07/2022`||| |||||||||||||`Mrs`
`Mary`
`Barton`||||||`w.e.f,`||`11/12/2022`|| |`Deputy`|`Warden:`|||||||||||`Mrs`
`Sue`
`Benford`|||||||||| |`Elected`|`Members:`||||||||||||||||||||| |`Representatives`
`on`||||`the`|`Deanery`
`Synod`|||||||`Mr`
`Lee`
`Slater`|||||||||| |||||||||||||`Mrs`
`Glynis`
`Ireton`|||||||||| |||||||||||||`Mrs`
`Suzanne`
`Sandry`|||||||||| |`Parish`|`Representatives`|||||||||||`Mrs`
`Janice`
`Apthorpe`|||||||||| |||||||||||||`Ms`
`Rebecca`
`Birch`|||||||||| |||||||||||||`Mrs`
`Karen`
`Cattell`||||||`w.e.f,`||`20/03/2022`|| |||||||||||||`Mrs`
`Susan`
`Fisher`||||||`w.e.f.`||`20/03/2022`|| |||||||||||||`Mr`
`lan`
`Hamilton`|||||||||| |||||||||||||`Mrs`
`Nancy`
`Handscombe`||||||`w.e.f.`||`20/03/2022`|| |||||||||||||`Mrs`
`Diane`
`Hanlon`|||||||||| |||||||||||||`Mr`
`Clive`
`Hearmon`||||||`Until`||`20/03/2022`|| |||||||||||||`Mr`
`Francis`
`Nartey`|||||||||| |||||||||||||`Mrs`
`Val`
`Piesse`|||||||||| |||||||||||||`Mrs`
`Sheila`
`Soothill`|||||||||| |||||||||||||`Mr`
`Geoff`
`Withers`||||||`Until`||`4`|`February`
`2022`| |`PCC`
`Secretary`||||||||||||`Mrs`
`Janice`
`Apthorpe`|||||||||| |`Approved`|||`by`
`the`|`PCC`||`on`|`7th`
`February`
`2023`
`and`|||||`signed`
`on`
`their`
`behalf`|`by`|`the`||`Rev'd`|`Dr`
`Ruth`|`Carroll`|||`(PCC`
`Chairman)`| ## **Parochial Church Council of Holy Trinity, Stevenage Statement of Financial Activities** ## **For the year ending 31 December 2022** |Note
**INCOMING RESOURCES**
Voluntary Income
2(a)
Activities for generating funds
2(b)
Income from investments
2(c)
Church activities
2(d)
Other incoming resources
2(e)
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Church activities
3(a)
Cost of generation of voluntary income
3(b)
Fund-raising trading costs
3(c)
Governance costs
3(d)
**TOTAL RESOURCES EXPENDED**
3(e)
**NET INCOMING RESOURCES BEFORE**
**OTHER RECOGNISED GAINS AND LOSSES**
Gains on investment assets:
on disposal
on revaluation
**NET MOVEMENT IN FUNDS**
BALANCES B/FWD 1 JANUARY 2022
BALANCES C/FWD 31 DECEMBER 2022|Unrestricted
Funds
Restricted Funds
Endowment
Funds
TOTAL
FUNDS
**2022**
2021
£
£
£
**£**
£
68,478
-
-
**68,478**
70,881
24,416
-
-
**24,416**
14,213
6
-
-
**6**
0
13,297
470
-
**13,767**
9,095
19,118
-
-
**19,118**
9,307
125,317
470
-
**125,787**
103,495
109,330
470
-
**109,800**
102,361
2,501
-
-
**2,501**
1,220
158
-
-
**158**
17
-
-
-
**-**
144
111,989
470
-
**112,459**
103,743
13,328
-
-
**13,328**
247
-
-
-
-
**-**
-
-
-
-
**-**
-
13,328
-
-
**13,328**
247
-
9,793
-
-
**9,793**
10,040
23,120
-
-
**23,120**
9,793| |---|---| ## **Parochial Church Council of Holy Trinity, Stevenage Balance sheet at 31 December 2022** |Note
**FIXED ASSETS**
5
Tangible
Investments
**CURRENT ASSETS**
Stock
Debtors
6
Short term deposits
Cash at bank and in hand
**LIABILITIES**
Creditors - amounts falling due in one year
7
**NET CURRENT ASSETS / (LIABILITIES)**
**Total assets less current liabilities**
Creditors - amounts falling due after one year
7
**TOTAL NET ASSETS**|**2022**
£
19,000
-
19,000
197
1,747
498
23,559
**26,000**
3,775
**22,226**
22,226
10
**22,216**|**2021**
£
19,000
-
19,000
200
3,601
491
9,135
13,427
4,530
**8,897**
8,897
10
8,887| |---|---|---| |**2. INCOMING RESOURCES**
Note
**Voluntary Income**
Planned giving:
Gift Aid donations
Tax Recoverable
Other
2(a)
**Activities for generating funds**
Collections (open plate)
9(a)
Donations, appeals, etc.
9(b)
Fund-raising
9(c)
Messy Church
Crozier Magazine
2(b)
**Income from Investments**
CBF of Church of England Deposit Interest
2(c)
**Income from church activities**
Church hall lettings
Fees
Parish Breakfast
Traidcraft Stall
Other
9(d)
_Sub-Total_
2(d)
413 Scarborough Avenue letting
413 Scarborough Avenue utilities/maintenance
Extraordinary Income
9(e)
_Sub-Total_
2(e)
**Total incoming resources**|Unrestricted
Funds
Restricted Funds
Endowment
Funds
TOTAL
FUNDS
**2022**
**2021**
£
£
£
**£**
£
47,582
-
-
47,582
49,392
8,434
-
-
8,434
13,098
12,462
-
-
12,462
8,391
68,478
-
-
**68,478**
70,881
5,877
-
-
5,877
2,681
13,982
-
-
13,982
9,220
2,769
-
-
2,769
650
-
-
-
0
-
1,789
-
-
1,789
1,661
24,416
**-**
**-**
**24,416**
14,213
6
-
-
**6**
**0**
6
**-**
**-**
**6**
0
2,760
-
-
2,760
1,160
5,769
-
-
5,769
4,834
790
790
218
87
-
-
87
45
3,892
470
-
4,362
2,838
13,297
470
-
**13,767**
9,095
7,200
-
-
7,200
7,200
4,107
-
-
4,107
1,299
7,811
-
-
7,811
808
19,118
**-**
**-**
**19,118**
9,307
125,317
470
-
**125,787**
103,495| |---|---| ## **3. RESOURCES EXPENDED** |**Church activities**
Missionary and charitable giving
**Overseas:**
Familia Moja
Bishop's Harvest Appeal - D.R. of Congo
SCIMP
_Sub-Total_
**Home:**
Abbeyfield
Age UK
Alzheimers Society
Beds & Herts Historic Churches Trust
Bishop's Harvest Appeal
Bridgebuilders
Friends of Holy Trinity
Letchmore Infant' & Nursery School
Mayor's Fund
St Albans Diocesan Ordinands Fund
Stroke Association
The Haven
The Oak Church
The Children's Society
_Total Charitable Giving_
Ministry: Diocesan Parish Share
Wider Church: JCC/Deanery/CTiS
_Sub-Total_|**2022**
**2021**
-
-
-
-
2,628
-
-
-
-
185
25
-
-
25
-
25
-
-
**25**
2,813
-
-
-
-
30
-
-
-
-
76
231
-
-
231
-
425
-
-
425
330
54
-
-
54
-
1,500
-
-
1,500
1,500
-
-
-
-
175
91
-
-
91
-
143
-
-
143
-
83
-
-
83
68
226
-
-
226
-
9
-
-
9
-
1,500
-
-
1,500
1,500
100
-
-
100
-
4,387
-
-
**4,387**
6,493
64,742
-
-
64,742
64,805
300
-
-
300
1,445
65,042
-
-
**65,042**
66,250| |---|---| |Other ministry costs||9(f)|13,825|-|-|13,825|12,698| |---|---|---|---|---|---|---|---| |Church running and maintenance||9(g)|8,206|-|-|8,206|7,378| |Church Utilities||9(g)|2,965|-|-|2,965|2,289| |Parish magazine costs|||1,789|-|-|1,789|478| |Printing and stationery||9(h)|991|-|-|991|773| |Major renovations/repairs|||-|-|-|0|-| |Extraordinary expenditure||9(j)|5,873|-|-|5,873|317| |Wages and Salaries||4(a)9(k)|6,723|-|-|6,723|5,684| |||3(a)|109,800|-|-|109,800|102,361| |**Fund raising costs**|||||||| |100 Club|||2,096|-|-|2,096|1,080| |Parish Breakfast|||61|||61|6| |Other|||343|-|-|343|134| ||_Sub-Total_|3(b)|2,501|-|-|**2,501**|1,220| |Traidcraft|||158|-|-|158.45|17| ||_Sub-Total_|3(c)|158|-|-|**158**|17| |Governance Costs||9(i)|-|-|-|-|144| ||_Sub-Total_|3(d)|-|-|-|-|144| ||||||||| |TOTAL RESOURCES EXPENDED||3(e)|112,459|**-**|**-**|**112,459**|103,743| |**4. STAFF COSTS**|||||||| |**Wages and salaries**||4(a)|6,723|-|-|6,723|5,684| During the year the PCC employed a parish secretary and administrator, grass cutter and two church cleaners (all part time) but no payments were large enough to attract social security costs. Other similarly small payment of fees were paid in respect of occasional duties performed by vergers, relief organists and sexton. Together these employees equate to less than one full time employee. ## **Payments to PCC members** 4(b) Payments in respect of expenses incurred on behalf of the PCC have been paid to PCC members: Rev'd Dr Ruth Carroll; Janice Apthorpe, Clive Bell; Anne Price; Lee Slater; Elaine Hawkes; Diane Hanlon; Keith Battarbee; Glynis Ireton; Sue Benford A salary has been paid to Janice Apthorpe in her role as Parish Secretary Fee payments have been made to associates of PCC Members: Geoff Withers 100 Club prizes have been paid to, or associates of, PCC Members: Karen Cattell; Diane Hanlon; Elaine Hawkes ## **5. FIXED ASSETS** With effect from 1 July 2011, the Church Commissioners have awarded the PCC a small share in the equity of the Curate's House at 413 Scarborough Avenue, Stevenage in recognition of improvements made to the property by the PCC. Estimated value of property = £290,000 Equity Share = 6.57534% which approximates to £19,000 ## **6. DEBTORS (UNRESTRICTED FUNDS)** **----- Start of picture text -----**
2022 2021
£ £
Prepayments and accrued interest 1,747 3601
7. LIABILITIES
2022 2021
£ £
Amounts falling due in one year (unrestricted funds) 3,775 824
- -
Accruals for utility and other costs
Other creditors 10 10
3,785 834
**----- End of picture text -----**
## **8. FUNDS** Designated funds have accumulated over time and represent funds that have been set aside for various purposes. The amounts remain held accounted as such unless, or until, the PCC determines that payments be made from them. |**Designated Fund movements**
Balance as at 1 January 2022
Incoming resources
Resources expended
Balance at 31 December 2022
**9. ADDITIONAL NOTES FOR THE PARISH**
**9(a) Collections (open plate)**
General Plate
Baptism Services
Christmas Services
Wedding Services
Funeral Services
Other Services
**9(b) Donations, appeals, etc.**
Abbeyfield
Age UK
Alzheimers Society
Bishop's Harvest Appeal
Bishop's Ordinands Fund
Christingle (The Children' Society)
Donation for Friends of Holy Trinity
Donation per Give-a-Car
Donations in memory of Margaret Ashby
Donation in memory of Patricia Keal
Donation in memory of Geoff Withers
Donations in memory of Derek Jackson
Donation towards organist fee
Donations via Amazon Smile
Donations via DONr
Donations via GoodBox
General Donations
General Donations - Gift Aided
Historic Churches Bike n Hike
Holy Trinity Church Choir
JustGiving Donations
Letchmore Infants' & Nursery School (½ Collection)
Mayor's Carol Concert
Queen's Platinum Jubilee Donations
SCIMP
Stroke Association
The Haven
Towards candles
**9(c) Fund Raising**
Book Sales
Bike 'n Hike
Harvest Festival
Jubilate Concert
Christmas Fayre
**9(d) Other Income**
100 Club
Christmas Dinner
Flower Fund
Sundries
Wedding Deposits
Youth Work|**2022**
4,671
£
415
£
343
£
-
£
5
£
443
£
**2022**
-
£
-
£
231
£
54
£
83
£
100
£
-
£
-
£
-
£
-
£
1,934
£
356
£
80
£
21
£
50
£
391
£
3,711
£
5,678
£
425
£
-
£
182
£
91
£
143
£
182
£
25
£
226
£
9
£
10
£
**2022**
10
£
212
£
90
£
815
£
1,642
£
**2022**
2,118
£
-
£
1,023
£
1,121
£
-
£
100
£|**£**
10,697
32,669
-30,283
**13,083**
**2021**
2,253
£
185
£
89
£
30
£
100
£
**5,877**
**£**
25
£
**2,682**
**£**
**2021**
30
£
76
£
-
£
185
£
-
£
-
£
175
£
95
£
265
£
25
£
-
£
-
£
-
£
16
£
-
£
366
£
7,330
£
-
£
330
£
50
£
278
£
-
£
-
£
-
£
-
£
-
£
-
£
**13,982**
**£**
-
£
**9,220**
**£**
**2021**
25
£
165
£
-
£
460
£
**2,769**
**£**
-
£
**650**
**£**
**2021**
2,218
£
-
£
-
£
-
£
620
£
**4,362**
**£**
-
£
**2,838**
**£**| |---|---|---| |**9(e) Extraordinary Income**
Bequest
Boundary Wall repairs
Collection for Catherine Smith (Organist)
Donation towards Dishwasher
Donation towards pastoral care carrier bags
Grant towards Godly Play materials
Maintenance Grant
Towards Easter Bags
**9(f) Other Ministry Costs**
Clergy Expenses
Clergy Travel
Fees
413 Scarborough Avenue
**9(g) Church running and maintenance**
Admin
Faith Development
Flower Arranging
General Maintenance
Heat & Light
Insurance of the Church
Organ Maintenance
Stewardship
Sundries
Telephone
Upkeep of Services
9(l)
Water
Wedding Deposits Used
**9(h) Stationery**
Photocopier Rental
Photocopier Paper
Photocopies
**9(i) Governance Costs**
Fire Risk Assessment
**9(j) Extraordinary expenditure**
Candle Gifts
Art Club
Boundary Wall repairs
Streamers and Bells
Godly Play Materials
Hardship Relief
Maintenance Grant
Prayer & Care Packages
Refund CTiS overpayment 2020
Stevenage Pride Award
Vicar's Retreat
Vicar's Training Course
**9(k) Wages**
Caretaker
Grasscutter
Organist
Secretary|**2022**
500
£
3,602
£
-
£
1,000
£
-
£
150
£
2,559
£
-
£
**7,811**
**£**
**2022**
-
£
804
£
2,893
£
10,127
£
**13,825**
**£**
**2022**
219
£
80
£
428
£
1,658
£
2,714
£
1,811
£
328
£
82
£
821
£
895
£
1,885
£
251
£
-
£
**11,171**
**£**
**2022**
558
£
67
£
367
£
**991**
**£**
**2022**
-
£
**-**
**£**
**2022**
-
£
32
£
3,602
£
225
£
338
£
22
£
1,279
£
-
£
-
£
100
£
220
£
55
£
**5,873**
**£**
**2022**
1,291
£
275
£
580
£
4,577
£
**6,723**
**£**|**2021**
500.00
£
-
£
158.00
£
-
£
100.00
£
-
£
-
£
50.00
£
**808**
**£**
**2021**
-
£
544
£
2,540
£
9,615
£
**12,698**
**£**
**2021**
83
£
-
£
-
£
1,063
£
2,124
£
1,723
£
312
£
106
£
-
£
828
£
2,009
£
166
£
1,253
£
**9,668**
**£**
**2021**
468
£
39
£
266
£
**773**
**£**
**2021**
144
£
**144**
**£**
**2021**
97
£
-
£
25
£
-
£
-
£
150
£
-
£
241
£
240
-£
-
£
45
£
-
£
**317**
**£**
**2021**
492
£
275
£
341
£
4,577
£
**5,684**
**£**| |---|---|---| 9 1 U k•• of S•Nt¢•s covit>19 Books Candle$ Music CAndlÈ Stsnd Communlon Wafers Micrtphoneclips Palm Crows 2oom Subxrlptbn 2022 2W21 52 66 495 725 124 34 30 144 £ IMS £ IOD9 INDEPENDENT EXAMINER'S REPORT TO THE PCC OF HOLY TRINITY CHURCH, STEVENAGE Thi$ rep)rt on the acctyJnts ofthe PCC forthe year ended 31 De¢ernber 2022 are YRI out on pJgA8 1 to 11, is in resppciof an examinèiv)n carried out urth Ihe Churh A¢covnllvJ R89JL3t￿￿s 2006 Ilhe Regublbjns'l and 8.145 r4th8 Ch•ribg9 Ac4 2011 ftha Acri. R•ipdlvo Re8poMlblllilFs of tsust••5 arKI qxamln•r AS ￿berS of ihe PCC. you ar8 188pon￿b￿ lorthe wep8raOrfft of the financ*1 8t8ttn*nts.' consider that the audll Teguirernent of tho R*o￿atiOn6 and 144121 of the Act dops not0p￿y. 11 is my respon¥1b￿lY 10 ltssue this repDrt on tho80 attL￿ntS in xLordance th tho 1omk8 Oft￿ Ragu￿10￿￿. B8811 Of thls r¥port Kly examination cwried out in accothrth th& Genoral tlireEtions givqn by kni Charfty CoMissK)n undprs8cl(￿ 145lSllbl ofth& nd lo bo found in the Church gLrfdanc8. 2006 ￿rt￿n. Ttwl exa￿Inal￿n Inc4ud88 a re￿￿/011h* 4¢wuntlw records kapl by Iho PGC and a cornparb)n of the accounts *rylh thoso rw(Yd$. tl also In￿UdaS ¢C¥)5id&rfn9 any unu5U31 h8ms or disdo6ufv¥ In thè fin￿¢la1 51alementS 8ThJ See￿n9 explanalons from you 8$ t￿￿te88 ¢(￿¢eming at)y such rnaller5. The proce¢MJres undertaken do not prov￿1 •ll th• 8¥￿8n¢8 thai *￿l￿d b8 required in an Jud￿ and Ccffisequenlty l ¢*) txrtsss an audit opIn￿n ofth• vlwolven by account5. Indeptndent èAamlner'i stat•m•n¢ ITh conne¢Uon ￿ rny oyamlnalion, no rn*tsr tom8 to my8ttents"on.' 111 gives rno reasonable Gau5• to bèll•v• thal In any material Té$pécls the requlr•mAnts to keep accoun￿￿ reco￿8 in 8xtrdBnco sedKtyn 13D of the Act: and to prepare finBncial 51al•m•nts. vknl¢h a¢wrd *ith Ihe aC￿)Unting records And comrAy%*h the r8quSr8monts oftho Act and thè R￿￿110￿$ havo not been met,. or 121 to %thich. my opiniDn, attenlK•n should bg dro￿ ln orderto enab￿ a proper undorsknding of the 8C¢¢X¥)16 to bg wched. Hqr4gn Gajenthpr4 8125. Fostér H)ust Road rf9ry1shirq WD61FR