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← The Parochial Church Council Of The Ecclesiastical Parish Of St John The Baptist, Royston

2024-12-31-accounts

ROYSTON PAROCHIAL CHURCH COUNCIL

ST JOHN THE BAPTIST CHURCH

ROYSTON

ANNUAL REPORT 2024

St John the Baptist Church, Royston

Annual Report of the PCC for 2024

The layout of the Annual Report has been changed this year to meet the recommendations of the Diocese and comply with the Charities Act.

Aim & Purposes

The primary object of the Parochial Church Council (PCC) is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC cooperated with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The PCC has regard to the Charity Commissioner Public Benefit guidance and is keen to support activities which reach out and benefit the wider community. Amongst our activities in 2024 in this respect, were –

Objectives & Activities

The PCC’s main objectives are covered by the five marks of Mission of the Church of England:-

  1. to proclaim the Good News of the Kingdom

  2. to teach, baptise and nurture new believers

  3. to respond to human need by loving service

  4. to seek to transform unjust structures of society, to challenge violence of every kind and pursue peace and reconciliation

  5. to strive to safeguard the integrity of creation and sustain and renew the life of the earth.

The Mission Action Plan committee is considering replacing or amplifying these objectives, so concluding that review will be one of our objectives for 2025.

The regular pattern of services is to hold three Eucharist service each week, two on Sunday morning and one on Wednesday. This is supplemented by a monthly Teatime Praise service on a Sunday afternoon for all age groups but attracting many parents with young families. We also hold numerous special services throughout the year to reflect the church’s calendar. A new family-styled service on

1

the morning of Good Friday proved very popular and we introduced a Pet Service, a Blue Christmas service and in the Creationtide Season, we had an award-winning author present to us about managing waste. A lot of these initiatives were kick started from a Vision Day held in January 2024, from which a new Mission Action Plan is being developed.

The Missions Committee meets regularly and is responsible for recommending to the PCC which mission charities we should support in the year. We allocate 10% of our Stewardship and Gift Aid income to missions and other charities, international, national and local. In 2024 we supported 13 different charities and donated over £12,000.

It is acknowledged by the PCC that the day to day running requirements can only be met by unpaid volunteers who are called and inspired by Christ and then offer their time and services freely, and the life of the church is reliant upon this continued provision of mission and ministry for its ongoing welfare and strength.

Achievements and Performance

There were 146 names on the updated electoral roll at the time of the 2024 APCM (145 in 2023).

The average attendance figure (including children) in October 2024 was 136 (126 in 2023).

A youth house group “Church at Home” was started for young people aged 11 to 17. Tots in Church meets weekly and has an average attendance of approximately 40 under 4’s.

Eight children received their first communion in the year.

Early in the year, the PCC reviewed decision making by email and by the Standing Committee and accepted the recommendations in a Report presented to the PCC. New rules were established which recognised good practice laid out by the Charity Commission Guidelines and while email decisions are permitted an extra meeting of the PCC was preferable, if the matter was urgent.

Following the fire in 2018 and the major re-ordering of the church, there were still quite a number of improvements outstanding, as finances had limited what could be done before the church reopened in 2022. Priorities had been set and in 2024 and amongst others, we achieved:-

Replacement of a roof alarm Installation of CCTV Construction of a Toy cupboard for Tots in Church

Alex Trigg was appointed Minister of Music & Director of Music Outreach from September 2024, supported by a Diocese 3 year Mission Initiative Grant for the role to have outreach responsibility in schools. In the 3 months since he started with us, he has engaged with two local schools and also started a new church group to provide musical opportunities for young children called “The Treble Makers”.

The Vicar and the Ministry Leadership Team led the consideration of Prayers of Love & Faith, which in the Church of England are now permitted for same sex couples within the weekly service. A letter was sent to every member of the congregation to explain the situation, and parishioners were asked to respond. Broadly the responses leant in favour of the introduction of the Prayers and the PCC passed a resolution authorising such Prayers in our parish with appropriate safeguards.

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Some members of the PCC met with Jamie Roberts, a potential curate who could join us in June 2025 and we were pleased to hear that her appointment has been confirmed

Apart from regular reports to PCC on safeguarding issues, a review of such issues took place at the July PCC meeting and it was confirmed that there would be group training sessions in church, the sermon on Safeguarding Sunday in November would include safeguarding issues and the HR Committee would create a Safer Recruitment Policy as recommended. The Safeguarding Action Plan was approved by the PCC

Financial Review

The PCC is responsible for the finances of the Church to ensure that we can continue to support the work of our Ministry Team, the life of our congregation and our role helping to share the Good News of God’s Love to the wider community. We also wish to maintain our beautiful church building at the heart of Royston now and for the future. This report is a summary of some of the key points detailed in the accounts.

Total income for the year was £218,886 (2023: £199,517). £191,761 of this income was unrestricted relating to the ongoing general activities of the Church (2023: £166,798). Stewardship income totalled £81,742, an increase of £4,697 on the previous year. Gift Aid recovery from all sources amounted to £20,060, up from £19,958 in the previous year. This Gift Aid recovery was again helped by the inclusion of a claim arising from the Gift Aid Small Donations Scheme (GASDS).

Although collections on the plate increased last year on our return to our own church building, this year they followed the general trend away from cash. They fell to £2,031 of which £1,651 was collections for the Church. The remaining amount was collected for other charities including the retiring collections taken at weddings and baptisms for our local Children’s Hospice, EACH.

Sundry donations were £29,165 (2023: £26,937). This figure includes an amount of £5,751 (2023: £3,360) received from other organisations for the use of our church building during the year including in particular Royston Choral Society for their weekly rehearsals and regular concerts and our local school, King James Academy Royston, when their own premises could not be used for a number of weeks.

Regular fundraising in the year was £13,875 and after expenses this contributed £10,714 (2023: £8,523) to general Church funds. As well as profits of £1,683 from our popular Saturday Coffee, other key fundraising events were the Church Quiz (profits £1,452) and the Book Fayre (profits £1607) and a host of other events organised by our Events Committee. We also carried out fundraising in support of other charities within our community. Our Harvest Supper together with cake sales at the May Fayre raised £838 for BRAVE Trust, which supports Christian ministry in our local schools, and Carols with the Mayor raised £690 for the Mayor’s nominated charity, Home Start. We continued to receive donations to our "Sponsor a Chair" scheme which raised a further £3,940 including Gift Aid. This has been treated as restricted income to pay for outstanding refurbishment items following the main work carried out in Church following the fire in 2018.

Magazine revenue was down at £746.10 (2023: £1,730). This level of revenue did not cover the printing costs of £1,920 so we have decided to switch to a magazine that is largely online only with a few printed copies for those that need them. We hope this approach will continue the benefits of the old magazine in bringing our community together without being a drain on our finances.

3

Fee income increased at £18,699 (2023: £11,038). This was in part as a result of more weddings and funerals in Church. It also reflects our decision to increase the local fees we charge, as the Church of England rules permit, to more fairly reflect the cost to us of providing staff and reimbursement for the running cost of the building for the services we provide.

We received legacies in 2023 totalling £12,279. We are grateful that these parishioners chose to remember the church amongst their final gifts.

During the year we were paid grants of £16,693 in total. This included a grant from The Benefact Trust towards the cost of the new Roof Alarm. There was also the first instalment of a grant over three years from the Diocese to assist with the cost of employing our new Minister of Music and Director of Music Outreach.

We continued to let the Curate’s house which resulted in increased rental income of £15,328 (2023: £13,128). We are currently in the process of taking back possession of this property so as to make it ready for the arrival of our new trainee Curate later in 2025. We acknowledge that we will no longer receive this rental income in 2025 although this loss should be offset in part by a reduction in our Parish Share once the Curate is with us.

Finally, higher interest rates resulted in increased income from investments of £2,660 (2023: £1830).

Total expenditure at £216,207 was an increase of £59,704 on 2023 (£156,503). Of this total unrestricted expenditure was £188,191 (2023: £150,576).

Mission expenditure allocation followed our standard agreed practice of giving away 10% of our total stewardship income, including Gift Aid tax relief, and £10,149 was made available to the Missions Committee. The other charitable expenditure of £1,903 is the amount paid out following the various charitable collections noted earlier and our fundraising for the BRAVE Trust and the Mayor’s nominated charity - Homestart.

Our most significant expenditure is that of Parish Share which, for 2023, was £80,613 compared to £73,912 in the previous year. Paying our Parish Share is central to the life of the Church as it pays not only for our Vicar, but mission and ministry across the Diocese and the Church of England, such as our Archdeacons, Bishops and central Diocese staff.

Mission within parish during the year increased again from £2,691 in 2023 to £3,548 this year. These additional expenses reflect the popularity of our Tots in Church provision which is wonderful to see. Clergy expenses at £7,004 were understandably higher than in 2023 when we had a vacancy period. This figure also includes the cost of bringing in other ministers to take funerals for us as our Vicar for personal reasons took time away from these services for part of the year. The cost of retired ministers for funerals did not represent a real additional cost for the Church as it was offset by a reduction in the amount of fees due to the Diocese.

There was significant expenditure on church repairs and maintenance at £55,265 compared to £11,814 in 2023. £20,100 of this expenditure came from restricted funds including the new toy storage cupboard and the new tables funded by grants and donations remaining towards the refurbishment. The two major items of expenditure were for the roof alarm to help protect against metal theft and the CCTV system to help maintain security for our building and our staff and volunteers. The other expenditure on repairs that we have provided for this year is for work to update the Curate’s house

4

ready for the arrival of our new trainee Curate and her family later in 2025. This expenditure is one of the ways that the PCC is investing in bringing the Curate to support our Church and our local community.

Church running expenses at £22,517 were noticeably lower than they had been in 2023 (£25,352). This was as anticipated and was largely due to the new gas contract arranged at the end of 2023. All of our electricity comes from renewable wind energy and 25% of our gas is from renewable sources reflecting our wish to be good stewards of God’s creation around us.

There are no other significant year on year variances to report.

We are aware of the importance of social, environmental and ethical considerations and issues of sustainability in reaching investment decisions. Our investments are held with the CBF Church of England Deposit Fund and the CBF Church of England Investment Fund which we understand to be in line with these concerns.

In summary, unrestricted income exceeded expenditure to leave a surplus of £3,549 for the year (2023: £16,222 surplus). Restricted funds show a small deficit of £889 (2023: £26,778 surplus). With regard to endowment funds there was an unrealised gain of £678 on investments.

It remains a challenge to grow our income to meet our ever increasing expenditure but we remain grateful for God’s generosity to our Church. In the light of this continuing generosity – manifested through our congregation and our local community and detailed in this report and accounts – the PCC believe there are no uncertainties to be noted about the Church’s ability to continue as a going concern.

Reserves Policy and level of Free Reserves

The PCC has a policy of maintaining sufficient reserves to continue to carry on God's work and keep our presence as a Church in the community of Royston and to meet, for a reasonable period of time, our regular commitments regardless of levels of income. At 31 December 2024 the Free Reserves were £59,311 (2023: £55,762) which was in line with the policy.

Plans for future periods

In 2025, we plan to:-

5

Risk management

The principle risk factors are:-

Structure, governance and management

The PCC operates through a number of committees which meet as and when required and report back to the PCC:

6

Fabric Advises and implements the decisions of the PCC on the management of the church building and the house provided for occupation by a curate; also oversees the management of the churchyard and additional burial ground. Finance Oversees the general financial direction of the parish, monitors income and expenditure reviews budgets and liaises with other committees on financial matters. Human Manages recruitment, contracts of employment and appeal process for Resources employees of the church. Missions Recommends to the PCC support, including financial, for the mission of the church and for other charities. Encourages wider interest and prayer support. Mission Follows the Diocese of St. Albans initiative ‘Living God’s Love’ by exploring Action Plan what it means to do this by seeking to “Go Deeper into God, Transform Communities and Make New Disciples”.

Youth and Encourages and supports existing children’s work. Determines new ways of Children sharing the faith with young people through whatever appropriate means. Encourages training and support of leaders.

Administrative Information

Name of Church

St John the Baptist Church, Royston

Registered with the Charity Commission Charity registration number 1132876.

Membership of the PCC

During the year 2024 the following served as PCC members:

Ex officio The Reverend Dr Steven Sivyer Incumbent
Mr Reginald Bailey Reader
Mrs Linda Dwight Churchwarden until APCM 2024
Mr Philip Perry Deanery Synod
Mrs Judith Rodgers Churchwarden from APCM 2024
Miss Brenda Strangleman Deanery Synod
Mrs Brenda Watkins Deanery Synod until 19 May 2024
Mr Vaughan West Churchwarden (and Deanery
Synod from 3 June 2024)
Elected
members Mr David Atkins Until APCM 2024
Mrs Louise Atkins Until APCM 2024
Dr Clare Davies
Mrs Yvonne Dyer
Mr Robert Fox

7

Mr Neil Guttridge From APCM 2024 Mr Matthew Jux-Blayney From APCM 2024 Mrs Kay Makowiecki Mr Michael Maze Mr Anthony Pigg From APCM 2024 Mrs Tracey Reader Until APCM 2024 Mr Duncan Rodgers Mrs Ruth Savage Until APCM 2024 Mrs Elizabeth Wainwright Mrs Joanne Wallis Mrs Charlotte Wicks Joint Treasurer Mr Jonathan Wicks Joint Treasurer Co-opted member The Reverend John Fidler Priest

Insurance

The Church is covered by the St Albans Diocesan group insurance scheme for Churches (effected via Ecclesiastical Insurance Group). This policy includes public liability indemnity of up to 10 million pounds. It also satisfies requirements within Employers’ Liability (Compulsory Insurance Act of 1969). Other costs, including losses due to fire and theft, legal expenses, minor building works and consequential loss are also covered within the policy.

The address for correspondence is:-

The Parish Administrator Parish Church of St John the Baptist Melbourn Street Royston SG8 7BP

OTHER ADDRESSES :

Bank : Independent examiner : Lloyds Bank Plc TC (East) Limited t/a TC Group 3 Sidney Street The Nexus Building Cambridge Broadway CB2 3HQ Letchworth Garden City Hertfordshire SG6 3TA

On behalf of the PCC:

Revd. Dr Steven Sivyer Chairman

7 March 2025

8

Parochial Church Council of St John the Baptist, Royston

Statement of Financial Activities

For the year ended 31 December 2024

Note
Income Resources
Incoming resources from donors
2(a)
Other voluntary incoming resources
2(b)
Income from charitable and ancillary trading
2(c)
Other ordinary incoming resources
2(d)
Income from investments
2(e)
Total Incoming Resources
Resources Used
Grants
3(a)
Activities directly relating to the work of the Church
3(b)
Fund raising and publicity
3(c)
Church management and administration
3(d)
Total Resources Used
Net Incoming / (Outgoing) Resources
Gains and Losses on Investments
- unrealised
Net Movement in Funds
Balance Brought Forward at
1 January 2024 (2023)
Refurbishment Costs
Fund Reclassification
Balance Carried Forward at
31 December 2024 (2023)		 Unrestricted
Funds
£
132,618
26,154
15,843
15,328
1,819		 Unrestricted
Funds
£
132,618
26,154
15,843
15,328
1,819		 Restricted
Funds
£
380
5,609
3,602
16,693
822		 Restricted
Funds
£
380
5,609
3,602
16,693
822		 Endowment
Total
Total
Funds
2024
2023
£
£
£
0
132,997
127,782
0
31,762
28,009
0
19,445
12,768
0
32,021
29,128
19
2,660
1,830		 Endowment
Total
Total
Funds
2024
2023
£
£
£
0
132,997
127,782
0
31,762
28,009
0
19,445
12,768
0
32,021
29,128
19
2,660
1,830
191,761 27,106 19
218,886
199,517
10,149
160,084
3,182
14,796		 1,903
25,952
140
0		 0
12,052
13,466
0
186,036
126,157
0
3,323
1,538
0
14,796
15,342
188,212 27,995 0
216,207
156,503
3,549
0		 -889
0		 19
2,679
43,014
678
678
2,567
3,549
69,136		 -889
51,010		 697
3,357
45,581
30,486
150,632
720,580
0
-615,530
0
0
72,685 50,121 31,183
153,989
150,631

9

Parochial Church Council of St John the Baptist, Royston

Balance Sheet at 31 December 2024

Note
Fixed Assets
Tangible fixed assets
5(a)
Investment assets
5(b)
Current Assets
Debtors
7
Short term deposits
Cash at bank and in hand
Liabilities : amounts falling
due within one year
8
Net Current Assets
Net Assets
Funds
6
Unrestricted
Restricted
10
Endowment
9		 2024
2023
£
£
13,374
13,374
30,291
29,613
43,664
42,987
30,099
29,775
26,041
24,680
96,477
115,905
152,617
170,360
-42,292
-62,715
110,325
107,645
153,989
150,632
72,685
69,136
50,121
51,010
31,183
30,486
153,989
150,632

10

Parochial Church Council of St John the Baptist, Royston

Notes to the Financial Statements For the year ended 31 December 2024

1 Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 together with applicable accounting standards and the Charities SORP. The financial statements have been prepared under the historic cost convention except for the investment assets, which are shown at market value. We have adopted all of the accounting policies as set out in the model set of accounting policies issued by the Central Board of Finance of the Church of England.

The financial statements have been prepared on the basis that the PCC is considered to be a going concern for the foreseeable future.

2 Incoming Resources

2(a)Incoming resources from donors
Christian stewardship
Gift Aid tax refund
Collections on plate
Sundry donations
2(b)Other voluntary incoming resources
Legacies
Fund raising events
2(c)Income from charitable and ancillary trading
Magazine revenue
Fees
2(d)Other ordinary incoming resources
Grants
Rental income
2(e)Income from investments
Dividends and interest
Total Incoming Resources		 Unrestricted
Funds
£
81,742
20,060
1,651
29,165		 Unrestricted
Funds
£
81,742
20,060
1,651
29,165		 Restricted
Funds
£
380		 Restricted
Funds
£
380		 Endowment
Total
Total
Funds
2024
2023
£
£
£
81,742
77,045
20,060
19,958
2,031
3,842
29,165
26,937		 Endowment
Total
Total
Funds
2024
2023
£
£
£
81,742
77,045
20,060
19,958
2,031
3,842
29,165
26,937
132,618 380 0
132,997
127,782
12,279
13,875		 5,609 12,279
10,552
19,484
17,457
26,154 5,609 0
31,762
28,009
746
15,097		 3,602 746
1,730
18,699
11,038
15,843 3,602 0
19,445
12,768
15,328 16,693 16,693
16,000
15,328
13,128
15,328 16,693 0
32,021
29,128
1,819 822 19
2,660
1,830
1,819 822 19
2,660
1,830
191,761 27,106 19
218,886
199,517

11

Parochial Church Council of St John the Baptist, Royston

Notes to the Financial Statements For the year ended 31 December 2024

3 Resources Used
3(a)Grants
Missionary and charitable giving:
Church overseas mission
Church home mission
Other non-Church charities
Unallocated
3(b)Activities directly relating to the work of the
Church
Ministry : Parish share
Clergy expenses
Altar expenses
Mission within parish
Organist and music
Bellringers and other fees
Magazine printing
Church repairs
Church running expenses
Fees to Diocese
3(c)Fund raising and publicity expenses
Fund raising events
3(d)Church management and administration
Parish office administration
Office equipment depreciation
Licence fees
Total Resources Used		 Unrestricted
Funds
£
5,100
2,762
1,300
988		 Unrestricted
Funds
£
5,100
2,762
1,300
988		 Restricted
Funds
£
1,903		 Restricted
Funds
£
1,903		 Endowment
Total
Total
Funds
2024
2023
£
£
£
5,100
5,100
2,762
2,399
3,203
4,566
988
1,401		 Endowment
Total
Total
Funds
2024
2023
£
£
£
5,100
5,100
2,762
2,399
3,203
4,566
988
1,401
10,149 1,903 0
12,052
13,466
80,613
7,004
1,084
3,548
6,327
1,905
1,920
35,165
22,517		 2,250
20,100
3,602		 80,613
73,912
7,004
798
1,084
1,037
3,548
2,691
8,577
5,704
1,905
935
1,920
1,920
55,265
11,814
22,517
25,352
3,602
1,994
160,084 25,952 0
186,036
126,157
3,182 140 3,323
1,538
3,182 140 0
3,323
1,538
13,530
1,266		 13,530
13,654
0
0
1,266
1,688
14,796 0 0
14,796
15,342
188,212 27,995 0
216,207
156,503

12

Parochial Church Council of St John the Baptist, Royston

Notes to the Financial Statements For the year ended 31 December 2024

£ £
11,876 6,935

During the year the PCC employed an administrator and from 29 September 2024 the PCC employed a Director of Music. The administrator, Mrs. J. Wallis, is a member of the PCC and was paid £8,112 during the year.

The administrator's salary is included as a cost under Parish Office Administration at note 3(d) and was paid for from Unrestricted Funds. Apart from the above no other member of the PCC received any remuneration.

The salary and occasional fees of the Director of Music are shown as a cost under Organist & Music at note 3(b). The salary of the Director of Music is in part paid for from Restricted Funds from a Diocesan Grant for this purpose. The remainder is paid for from Unrestricted Funds.

5(a)Tangible fixed assets
Gross Book Value At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation At 1 January 2023
Charge for year
Eliminated on disposals
At 31 December 2023
Net Book Value At 31 December 2023
At 31 December 2022		 Freehold
Office
Total
Land and
Equipment
Buildings
£
£
£
13,374
1,184
14,558
0
0
0
0
0
13,374
1,184
14,558
0
1,184
1,184
0
0
0
0
0
0
0
1,184
1,184
13,374
0
13,374
13,374
0
13,374

The freehold land and buildings are comprised of the Curate's house in Royston which is included at historic cost and does not need to be shown at market value as it is regarded by the PCC as a functional asset rather than an investment asset.

The additional burial ground was acquired in the 19th century at an unknown cost and is included in fixed assets at £nil cost.

5(b) Investments

1310 shares in CBF Investment Fund - value at 31st December 2024 amounted to £30099 (2023 £29,613) - historic cost £1,081.

13

Parochial Church Council of St John the Baptist, Royston

Notes to the Financial Statements For the year ended 31 December 2024

6 Analysis of Net assets by Funds

Analysis of Net assets by Funds
Fixed assets
Current assets
Current liabilities
Fund balance		 Unrestricted
Funds
£
13,374
99,663
-40,351		 Restricted
Funds
£
0
52,062
-1,941		 Endowment
Total
Funds
£
£
30,291
43,664
892
152,617
0
-42,292
72,685 50,121 31,183
153,989
7 Debtors
Income tax recoverable
Prepayments and accrued interest
Other debtors
8 Liabilities: amounts falling due within one year
Creditors for goods and services
Other creditors
Provision for repairs to Curate's House in Royston
9 Analysis of Endowment funds by type
Expendable funds
Permanent funds		 2024
2023
£
£
23,777
23,950
966
472
5,356
5,353
30,099
29,775
9,352
15,055
16,268
45,988
16,672
1,672
42,292
62,715
612
612
30,571
27,292
31,183
27,904

10 Fund Details

The Restricted Funds are comprised of the Additional Burial Ground Revenue Fund, arising from the sale , of the Sexton's house in 1988 and the Stoneybridge Income Fund

The Endowment Funds are comprised of 4 Grave Trusts and the Stoneybridge and Welsh Endowments.

.

14

Parochial Church Council of St. John the Baptist, Royston, Herts.

Independent Examiner’s Report to the Parochial Church Council of St. John the Baptist, Royston

This report on the attached accounts of the PCC for the year ended 31 December 2024, which are set out on pages 9 to 14 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the regulations”) and s.145 of the Charities Act 2011 (“the Act”).

Respective Responsibilities of the PCC and the Examiner

As the members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of the Regulations and s.144(2) of the Act does not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations.

Basis of this report

My examination was carried out in accordance with the General Directions given by the Charity Commission under s.145(5)(b) of the Act and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

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

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with section 130 of the Act; and

  3. to prepare accounts which accord with the accounting records and comply with the requirements of the Act, and the Regulations have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

TC (EAST) SUITE 501 THE NEXUS BUILDING BROADWAY LETCHWORTH GARDEN CITY HERTS SG6 9BL