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2020-12-31-accounts

THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

(Includes St. Cuthbert, Copnor & St. Aidan, Anchorage Park)

Annual Report

of the

Parochial Church Council

For the Year ended 31st December 2020

1

THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

Administrative Information

St. Cuthbert’s Church is situated in Copnor. St. Aidan's Church was 'planted' on the new housing development of Anchorage Park to the North of the parish in 1992. We are part of the Diocese of Portsmouth within the Church of England. The Parish office is c/o The Vicarage, 2 Lichfield Road, Copnor Portsmouth, PO3 6DE.

Our Parish Administrator works from her home.

During the year the following served as ex-officio PCC members:

Incumbent: The Revd. Allie Kerr, Chairman Asst Priest: The Revd. Carol Gully Reader: Richard Shurmer

Churchwardens:

Anne Gard (from 2016) Sally Harry (from 2020)

Deanery Synod Representatives:

Steven McDermott Adrian Kerr

Mary Bish, Jerry Brushwood, Malcolm Clubley, Joanne Greening ( St. Aidan’s Church ), Martine Hebblethwaite, Richard Martin, Robert Martin (Deputy Church Warden), Lauren McDermott , David Stemp, Sue Walker, Virginia Williams and Neill Young (St. Aidan's Church).

Co-opted Members:

Treasurer: Alan Phillips Secretary: Suzanne Davis Safeguarding Reps: Bev Hill and Sue Wells

2

THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

Committees

The PCC was supported by the following committees:

Standing Committee Finance Team

St. Aidan’s Committee

Youth and Children’s work Team Safeguarding Team Pastoral Care Team Fabric Team

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll. Members are eligible for, and invited to stand for, election to the PCC.

Aims and purposes

St. Cuthbert’s Parochial Church Council (PCC) has the responsibility of working with the incumbent in promoting the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

Objectives and Activities

To worship God, personally and corporately; to make known the good news of Christ; to serve those in need, locally and globally; and to continue to grow as a loving, open Christian community, filled with the Holy Spirit.

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Cuthbert and St. Aidan. The PCC maintains an overview of worship throughout the parish and makes suggestions on our services. Our services and worship put the Christian faith into practice through prayer and scripture, music and sacrament.

3

THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable our members to live out their faith as part of our parish community through:

To facilitate this work it is essential that we maintain the fabric of the Church of St. Cuthbert Portsea.

Achievements and Performance

Worship and Prayer

The PCC is keen to offer a range of services during the week and over the course of the year which bring glory to God and which our community finds both beneficial and spiritually nourishing.

All are welcome to attend our regular services. At the beginning of July 2021 there were 118 parishioners on the Church Electoral Roll.

Deanery Synod

The members who sit on the Deanery Synod are as stated in the details of PCC members. This provides the PCC with an important link between the parish and the wider structures of the church.

Review of the Year

This year has been dominated by the Covid pandemic and its effects on our church life. PCC meetings were irregular during the first lockdown and were then held via Zoom and now in person but wearing masks and socially distancing in church. From March to July there was a complete closure for church services. All services and meetings were

4

THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

cancelled. Thanks to Rev Allie Kerr and Adrian Kerr services were live streamed onto Facebook at first and then You Tube and our own website. Church Chat was started, a newsletter with stories, poems, quizzes as well as updates on what we were providing in the way of support for everyone staying at home. This continues to be distributed via email to over 100 people and hand delivered to about 20 people each week. The prayer chain and prayer card ministries continued. Phone calls were made to most of the congregation to keep in touch and see if anyone needed anything. The Vicar and Church Wardens met each week on Whats App and later in person in church. A programme of morning prayer, Lectio Devinas, hymns and songs and Random Thoughts from Allie has been available on line all this year. Bible studies and Messy Church were held on line.

In July after risk assessments had been carried out services resumed with quite strict restrictions on numbers etc. and with booking in to conform with Tracking and Tracing rules. St Aidan’s opened when the council allowed and the restrictions could be met in the Lodge. This was until November when another lockdown caused the church to close. Christmas saw just two services in church, but attendance was low. An online advent calendar was very successful and various congregation members displayed stars in their windows and were part of a trail around the parish. St. Cuthbert’s church re-opened on Easter day 2021 shortly followed by St Aidan’s who are currently meeting fortnightly. Amongst all this we had good news that we would be having a new curate in June 2021. He is called Rajiv Sidhu and is currently studying in Oxford.

The year has been so uncertain, with plans being re-organised constantly. Ideas of starting new groups had to be postponed and another sort of congregation was established viewing services online each week. The St Cuthbert’s and St Aidan’s families have come through with lessons to be learnt, hopefully everybody supported as they needed and everyone looking forward to when things can get back to a new ‘normal’.

Anne Gard and Sally Harry Church Wardens

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THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

Fabric Team Report 2020

The fabric team’s first meeting took place on the 28[th] July 2020. Team members are Sally Harry, Eric Harry, Richard Martin, Malcolm Clubley and Jerry Brushwood.

The remit is to identify jobs that need doing in the Church, Centre and Garden, and arrange to carry out the work or facilitate others.

To date (in 2020) work carried out:

(it is completely blocked with Guano)

We would welcome knowing if any of you have skills and time that could be called upon as there is always something that needs doing. Please speak to Sally at any time.

Sally Harry-Church Warden

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THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

Financial Report

This report supports the Financial Statements for the year as presented at the APCM on 4[th] July 2021.

Financially, 2020 proved to be a year of resilience in the face of the pandemic. Overall, the lack of opportunity for congregations to gather either in their normal numbers, or at all, meant lower giving at services. However, the core of the church income is based on many regular givers and at the end of the day this meant that, coupled with equally reduced Expenditure, overall a stable financial outcome was achieved.

Looking at Income in more detail we see a drop in comparison to 2019. Ignoring "Surgery Rental", the Church Income fell to £82,133 from £104,920 in 2019.

All areas saw a fall –

Collections at Services: This is to be expected in light of the church being physically closed for much of 2020. In addition, at times it was open only to restricted numbers so overall giving "in the plate" was much less. This item also includes monies not retained by the Church but given for various charities eg Bishops Lent Appeal, Ride & Stride, Portsmouth Foodbank & The Children's Society.

Gift days & Sundry Donations: This covers various "ad hoc" donations mainly at Sunday services, usually made by various individuals. As mentioned, many of these donations would typically be made at Sunday services and as already stated there were far fewer of these than in 2019 so far fewer opportunities to give. The main factor however for the decrease from 2019 was the absence of any Fayres and Christmas Tree Festival.

Fund Raising: Again, much of the money in this area would be expected to be received at the Weekly Collections. This item (as in 2019) also includes "subs" for the "200 Club". In 2020 some funds were also raised by activities such as the sale of Covid masks and of Preserves. In addition the 2019 figures included amongst other things, £2,800 for the Vestry appeal: £1,400 for VAT recovered from HMRC on building work

7

THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

carried out eg. the roof Hoppers; Vestry Windows and a new church water pump for the underfloor heating. These were not present in 2020.

Fees for Weddings/Funerals etc: Again, much reduced due to Covid. It should also be noted that some of these Fees are passed onto the Diocese.

Summary: Whilst "Income" did fall, it was largely due to reasons beyond our control. It should be mentioned that "Planned Giving" ie Standing Orders & Envelopes, showed an increase of approx. £2,500 - reflecting the generosity of the congregation and also greater uptake of regular giving by Standing Order. In addition, nearly £4,000 was received under the Government’s Corona Virus Job Retention Scheme which helped to subsidise Parish Administrator pay.

Turning now to Expenditure : again we see a drop. Ignoring “Surgery Rental”, Expenditure reduced to £82,219 (£112,142 in 2019). Expenditure fell in all areas - technically there was an increase for the “Upkeep of Churchyard/grounds” but this reflects a decision effective 2020 to specify separately expenditure in relation to the Memorial Garden.

The most notable falls were in relation to “Church Maintenance” and Church Administration”.

Church Maintenance: Fortunately there were no major outlays in regard to building repairs or replacement of items. Such items in 2019 included -£4,025 for a new Keston Boiler; £2,900 for repairs to the automatic centre door; £3,000 for Vestry glass; £1,400 for lift repairs/parts; £1,000 to replace failed magnetic door holders/door mechanisms in the Centre. Repairs will become necessary from time to time but 2020 was quiet in that respect - possibly less activity within the building may have played a part.

Church Administration: 2020's lower figures largely reflect 2 areas: Firstly, the change in the way that the church services were prepared and conducted (ie “Live Streaming”) meant that in 2020 the cost of photocopying reduced by approx. £6,000 in comparison to 2019.

8

THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

Secondly Expenditure in 2019 had been inflated by the agreed "write off" in 2019 of some of the older Trust debt (£7,500).

Overall conclusion: Looking at 2020 as a whole, Church Income and Church Expenditure virtually matched each other - Income was £82,133 and Expenditure was £82,219 - a difference of just £86. Bearing in mind all that was thrown at us as a church it is actually a very commendable result. The money in the Church bank account also provided a sound safety net.

Allied Irish Bank

Whilst the main purpose of these notes is to inform/explain items that directly relate to the church. It would be amiss however not to comment on our loan with Allied Irish Bank (AIB).

This loan was taken out in 2008 to enable the completion of refurbishment work. It is secured against the quarterly rental payments received from the Surgery (the surgery is in effect a tenant).

The amount outstanding as at 31/12/2020 was £177,351. To give a flavour of progress in paying this loan off:

31/12/2017: £243,391 31/12/2018: £221,853 31/12/2019: £200,259 31/12/2020: £177,351

It is anticipated that the loan will be fully paid off by January 2028. In practice we may see this date shortened as the present rental payments produce a surplus each year. Interest rates will also play a part and if they continue to remain low this too will help. When the loan is paid off the rental income will be ours to use as we wish !

Reserves policy:

The reserves policy of the PCC is incorporated in a note to the accounts. It is our aim to try and maintain a balance on unrestricted funds of around £3,000. If possible this balance would be in addition to

9

THE PARISH OF ST. CUTHBERT PORTSEA - ANNUAL REPORT 2020

that required to meet all outstanding costs and be available to cover emergency situations that may arise from time to time. The Reserve was fully maintained throughout 2020.

Examination of the Accounts:

The accounts have been reviewed by an Independent Examiner.

Alan Phillips - Treasurer

10

Registered Charity No.1132140

ST CUTHBERT’S CHURCH, COPNOR WITH ST. AIDAN ANCHORAGE PARK

Balance Sheet as at 31st December 2020

Balance Sheet as at 31st December 2020
Note
FIXED ASSETS
Tangible Assets
CURRENT ASSETS
Debtors
6
Long Term Debtor
11
Loan to St Cuthberts Trust
7
Cash at bank and in hand
5
Liabilities
Creditors : amounts falling due within one year
8
Net Current assets / [Liabilities]
Long Term Liability - AIB Loan
11
Long Term Liabilty - Diocesan Loan
11
Total Net Assets
Capital and Reserves
General Funds
Endowment Funds
Restricted Funds
9		 31-Dec-20
£
£
0
8,482
156,347
39,009
50,873
254,711
17,024
237,687
-160,551
0
77,136
68,889
0
8,247
77,136		 31-Dec-19
£
£
0
8,156
175,066
39,009
50,539
272,770
18,137
254,633
-183,460
0
71,173
58,629
0
12,544		 31-Dec-19
£
0
254,633
-183,460
0
71,173
58,629
0
12,544
71,173

and signed on its behalf by

Approved by the Parocial Church Council on 18th March 2021

Registered Charity No.1132140

ST CUTHBERT’S CHURCH, COPNOR WITH ST. AIDAN ANCHORAGE PARK

Statement of Financial Activities For the year ending 31st December 2020

Note
INCOMING RESOURCES
Voluntary Income
2 [a]
Activities for Generating Funds
2 [b]
Income from Investments
2 [c]
Income from Church Activities
2 [d]
Other Incoming resources
2 [e]
Surgery rent
11
Total Incoming Resources
RESOURCES EXPENDED
Church Activities
Missionary & Charitable giving3 [a]
Ministry
3 [b]
Church Running & Maintenanc3 [c]
Magazine and Bookstall
3 [g]
Upkeep Churchyard/Grounds 3 [d]
Church Administration
3 [e]
Fundraising Costs
3 [e]
Interest on AIB loan
11
Deferred charge - surgery rent
11
Total Resources Expended
Long Term Debtor
)
Previous Year Adjustment
)
NET MOVEMENT IN FUNDS
Balances brought forward
BALANCES AT YEAR END		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2020
2019
£
£
£
£
£
61,231
1,433
0
62,664
75,518
1,809
1,513
0
3,321
11,503
0
0
0
0
358
1,351
0
0
1,351
5,590
14,328
468
0
14,796
11,952
27,611
0
0
27,659
34,525
TOTAL FUNDS
106,330
3,414
0
109,792
139,445
330
3,001
0
3,331
4,102
44,643
413
0
45,055
47,059
18,662
3,115
0
21,778
35,637
0
0
0
0
0
698
0
0
698
0
10,901
0
0
10,901
24,765
0
456
0
456
579
2,940
0
0
2,891
4,207
24,719
0
0
24,719
30,319
102,893
6,985
0
109,829
146,668
0
0
-6,000
3,436
-3,571
0
5,963
-7,222
58,629
12,544
0
71,173
78,395
62,065
8,973
0
77,136
71,173

ST CUTHBERT’S CHURCH, COPNOR WITH ST. AIDAN ANCHORAGE PARK Registered Charity No.1132140

Notes to the Financial Statements

For the year ending 31st December 2020

1 Accounting Policies

The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice [SORP] 2005.

Funds

General funds represent the funds of the PCC that are not subject to any special restrictions regarding their use and are available for application to the general purposes of the PCC. These include funds designated for a particular purpose by the PCC but which are not otherwise restricted.

Restricted funds represent donations and grants received for a specific object or invited by the PCC for such and they may only be expended for that object. Any balance at the end of each year is carried forward.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of other Church groups that owe their main affiliation to another body, nor those that are informal gatherings of Church members.

Incoming Resources

Resources Expended

Fixed Assets

Consecrated and Beneficed property is excluded from the accounts in accordance with s.96(2)(a) of the Charities Act 1993

No value is placed on movable church furnishings held by the Church Wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

The Church considers that it holds no fixed assets though the capitalisation policy is held. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Current Assets

Amounts owing to the PCC at 31st December in respect of fees, rent, or other income are shown as debtors less provision for any amount that may prove uncollectable

Short-term deposits include cash held on deposit either with CBF Church of England Funds or at a bank.

Notes to the Financial Statements

For the year ending 31st December 2020

2 Incoming Resources

[a] Voluntary Income
Planned Giving:
i
Gift Aid Donations
ii
All Tax Recovered
iii
Other Giving
iv
Collections of cash at Services
v
Gift Days & Sundry Donations
[b] Activities for Generating Funds
Fund Raising
[c] Income from Investments
i
Dividends and Interest
ii
St Cuthberts Trust Loan repayment
[d] Income from Church Activities
i
Fees for Weddings/Funerals etc
ii
Bookstall
[e] Other Incoming resources
i
Administration/ Utility Charge
ii
Contribution towards Insurance
iv
Messy Church
v
Other Income
3 Resources Expended
[a] Church Activities
Missionary & Charitable giving
i
Overseas:
ii
Home Mission
iii
Secular Charities
[b]
Ministry
i
Diocesan Parish Share
Other Ministry Costs
ii
Upkeep of Services
iii
Working Exps of the Incumbent
iv
Assistant Staff
v
Support Costs
[c]
Church Running & Maintenance
i
Church running expenses
ii
Church Maintenance
iii
Magazine and Bookstall
[d]
Upkeep of Churchyard/Grounds		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2020
2019
£
£
£
£
£
41,532
41,532
39,015
11,497
0
11,497
12,136
5,061
5,061
6,842
1,942
1,125
3,067
10,195
1,200
309
1,508
7,330
TOTAL FUNDS
61,231
1,433
0
62,664
75,518
1,809
1,513
0
3,321
11,503
0
0
0
0
0
358
0
0
0
0
358
1,351
1,351
5,590
0
0
0
1,351
0
0
1,351
5,590
5,903
5,903
7,031
4,357
4,357
4,359
0
0
0
4,069
468
4,537
562
14,328
468
0
14,796
11,952
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2020
2019
£
£
£
£
£
0
168
168
270
50
949
999
930
280
1,883
2,163
2,902
TOTAL FUNDS
330
3,001
0
3,331
4,102
43,137
43,137
41,866
351
351
1,410
722
722
335
109
109
2,094
324
413
737
1,354
44,643
413
0
45,055
47,059
15,893
2,715
18,609
16,891
2,769
400
3,169
18,745
18,662
3,115
0
21,778
35,637
0
0
0
0
698
0
0
698
0

Notes to the Financial Statements

For the year ending 31st December 2020

[e]
Church Administration
i
Wedding/Funeral Fees
ii
Diocesan Loan Charges
iii
Church Administration - Other
iv
Expenditure for St Cuthbert's Trust
v
Salaries - Payroll Expenses
vi Fundraising Costs		 488
488
2,012
0
0
0
3,093
0
3,093
15,623
0
0
0
7,320
7,320
7,131
10,901
0
0.00
10,901
24,765
0
456
0
456
579

4 Extraordinary Items

None

i
Re-ordering Costs
ii
PCC Share of Legal Fees
iii
Consultancy & Miscellaneous Costs
5 Cash at Bank and in Hand
Current Account - CAF
AIB account
Bequest
Fabric Fund
General Fund
Organ Fund
Petty Cash (St.Cuthbert's & St. Aidan's)
Butterflies Account
St Aidan's Account
6 Debtors
St Cuthbert' Trust
Surgery
Gift Aid claim
Other Debtors
7 Loan to St Cuthbert's Trust
8 Creditors : Amounts falling due within one year
Other Creditors
St Cuthbert's Trust
Charitable Organisations
AIB Loan		 2020
2019
£
£
0
0
31-Dec-20
31-Dec-19
£
£
29,673
31,075
21,005
19,194
11
11
10
10
10
10
10
10
154
81
0
148
0
0
50,873
50,539
31-Dec-20
31-Dec-19
£
£
5,686
5,019
0
0
2,796
3,137
0
0
8,482
8,156
31-Dec-20
31-Dec-19
£
£
39,009
39,009
31-Dec-20
31-Dec-19
£
£
224
1,337
0
0
0
0
16,800
16,800
17,024
18,137

Notes to the Financial Statements

For the year ending 31st December 2020

9 Restricted Funds
Church Roof
Stained Glass Windows
Ride & Stride
Memorial Garden
Charitable Giving
Puppet Theatre
Flower Arrangements/ Festival
Messy Church
Connexion
200 Club
Parish Camp
Youth Work
Bishops Lent Appeal
Alternative Worship
Church Lighting
Gift Day
Vestry
St. Aidan's
Butterflies
Vestry Window Appeal		 Balance
Balance
01-Jan-20
Income
Expenditure
Transfer
31-Dec-20
£
£
£
£
£
3,443
0
400
0
3,043
0
0
0
0
0
0
160
160
0
0
938
150
698
0
390
1,807
697
2,504
0
0
14
0
0
0
14
314
59
0
0
373
38
0
0
0
38
2,445
340
1,785
0
1,000
1,812
1,434
1,399
0
1,847
828
0
0
0
828
0
128.04
0
0
128
0
337
337
0
0
289
94
265
0
119
0
0
0
0
0
6
0
0
0
6
0
0
0
0
0
462
0
0
0
462
148
0
148
0
0
0
0
0
0
0
12,543
3,399
7,695
0
8,247

Restricted funds are wholly represented by cash reserves of the charity. Charitable giving - during the year specific charitable collections are made for identified charities Memorial garden - this arises from a special appeal for funds to maintain the memorial garden.

10 Paid Employees
Salaries
Employers NI
Pension Costs		 31-Dec-20
31-Dec-19
£
£
6,751
6,638
569
492
7,320
7,131

No employees earned £60,000 or more during this accounting period. The PCC operates a PAYE scheme though some payments are made on a self-employed basis.

some payments are made on a self-employed basis.
Management and Administration
The average number of full time equivalent persons employed, analysed by function was:		 1
1
1
1

No payments were made to PCC Members during the financial period. The wife of a PCC member was employed as adminstrator with approval of full PCC during the year. No material transaction took place between the Church and a PCC Member or any person connected with them.

Notes to the Financial Statements

For the year ending 31st December 2020

11 Long Term Liabilities and Debtors

Long Term Liability-AIB Loan
Accumulated Loan and interest b/f
Interest accrued in Year
Repayment made in year
Accumulated Loan and interest c/f
Due for payment within one year
Longterm Liability c/f
LongTem Liability- Diocesan Loan
Loan balance b/f
Interest accrued in Year
Repayments made in year -
Principal repaid
Interest paid
Long Term Liability c/f
Long Term Debtor-PCT Surgery Renta
l
Rental debtor to meet accumulated Loan and interest
Received and held in bank
Temporary Cash flow loan in bank
Long Term debtor remaining		 2020
2019
£
£
200,260
221,853
2,891
4,207
-25,800.00
-25,800
177,351
200,260
16,800
16,800
160,551
183,460
0.00
781
0.00
0
0.00
0.00
0
-781
0.00
0.00
175,066
205,385
24,719
30,319
156,347
175,066

Rental Income from the development is contractually assured and has previously been provided for in the accounts. The income is held in a separate bank account and earmarked for the payment of the loan and accumulating interest.

12 Reserves Policy

The PCC have considered the level of reserves they wish to, and are able to, retain as appropriate to the needs of the Church.This is based on the size and level of commitments and an operating balance of approximately £3,000 in the current account is maintained for cash flow purposes and to fulfil operational commitments.

Independent examiners report to the PCC of St Cuthbert’s, Portsmouth on the Accounts for year ended 31[st] December 2020

The report on the financial statements of the PCC for the year ended 31[st] December 2020, which is set out in the Annual Report, has been carried out in accordance with the Church Accounting Regulations 2006 and s.43 of the Charities Act 1993.

Respective responsibilities of the PCC and Examiner

As members of the PCC you are responsible for the preparation of financial statements and you consider that the audit requirement of the Regulations and s43(2) does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.

Basis of this report

My examination has been carried out in accordance with the General Directions given by the Charity Commission under s.43(7)(b) of the Act and to be found in the Church guidance dated 2006. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with the records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence in an audit, and consequently do not express and audit opinion on the view given by the accounts.

Independent examiners statement

In connection with my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that, in any material respect, the requirements;

Note: In view of Covid 19 restrictions the examination this year has been carried out remotely. However this had not impacted upon the investigations and my satisfaction with the Accounts for the year ended 31st December 2020.

Douglas Sanders CPFA (Retired) 33 Elderfield Close, Emsworth, Hampshire, PO10 7QW

1st February 2021