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← River Of Life Christian Centre

2023-12-31-accounts

RIVER OF LIFE CHRISTIAN CENTRE

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

A COMPANY LIMITED BY GUARANTEE NUMBER 07455503

CHARITY NUMBER 1139988

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

INDEX TO THE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page

1 - 5 Trustees' report
6 Independent examiner's report
7 Statement of financial activities
8 Balance sheet
9 -14 Notes to the financial statements

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees have pleasure in presenting their annual report together with the financial statements of the Charity for the year ended 31 December 2023, which are also prepared to meet the requirement for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

LEGAL STATUS

River of Life Christian Centre is charitable company limited by guarantee, governed by memorandum and articles of association.

TRUSTEES

The trustees who have served during the year are as follows:

Rev S Chaudhary
A Christaki
D Torrington
Rev I Williams
Registered Office: 26 Trym Road
Westbury-on-Trym
Bristol
BS9 3EP
Independent examiner Graham Barber
Chartered Accountant
Graham Barber Accountancy Limited
4 Beaufort West
Bath
BA1 6QB
Solicitors: Stewardship Services
PO Box 99
Loughton
Essex
Principal bankers HSBC Bank plc
11 Canford Lane
Westbury-on-Trym
Bristol
BS9 3DE

1

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Legal Status

River of Life Christian Centre (Hereafter referred to as RoLCC) is a charitable company limited by guarantee, governed by memorandum and articles of association, which completed its transition to a charitable company back in 2010 as agreed by its membership.

The attached financial statements present the financial transactions of the charitable company for 12 months to 31 December 2023, with the comparative figures being for the 12 months ended 31 December 2022.

RoLCC, a Church and registered charity continues to operate under its own constitution established and agreed by the charities commission on 29[th] September 1983 and amended 27th July 1987.

RoLCC is a local independent Church led by pastor Ian Williams. By independent it is meant that the Church is not tied to a denomination; although is networked with other like-minded Churches, charities and organisations.

Management and pay policy

There are 4 trustees who meet periodically where they discuss current issues and future plans concerning the charity. They review best practice according to the most to date information provided. The 3 trustees are the key management personnel. Three Trustees are not remunerated and give their time freely. Pay of Ian Williams, the pastor is set out in note 12 to the financial statements. Pay is reviewed annually taking into account cost of living and other pertinent factors.

Appointment and training of trustees

New trustees are appointed in accordance with the Articles of Association, who can bring the requisite spiritual qualities to the leadership of the church. New trustees are provided with the Articles of Assocaition and other material published by the Charity Commission setting outthe responsibilities of being a Trustee. There is no maximum number of Trustees. Trustees are not required to retire by rotation.

CHARITIES ACT 2011

The trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have regard to the public benefit guidance published by the charity commissioners and in particular the specific guidance on charities for the advancement of religion. The Trustees can demonstrate that its activities benefit the public in the following ways:

OBJECTIVES

The trust deeds define the objectives of the Church, but are summarized as follows:

The mission statement of the Church is to be a strong lively Church. To be a Church where the gifts, talents and abilities of each person can be discovered and fulfilled.

To be a Church able and willing to reach out and meet the needs of the community, with the intention of bringing them to a commitment to Jesus Christ and then leading them on into a productive Christian life.

We accomplish these objectives through the encouragement and the involvement of individuals using and developing their own abilities in ways that meet the objectives.

2

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

SUMMARY OF ACTIVITIES, DEVELOPMENTS & ACHIEVEMENTS

Legal Status

River of Life Christian Centre (Hereafter referred to as RoLCC) is a charitable company limited by guarantee, governed by memorandum and articles of association, which completed its transition to a charitable company back in 2010 as agreed by its membership.

The attached financial statements present the financial transactions of the charitable company for 12 months to 31 December 2023, with the comparative figures being for the 12 months ended 31 December 2022.

RoLCC, a Church and registered charity continues to operate under its own constitution established and agreed by the charities commission on 29[th] September 1983 and amended 27th July 1987.

RoLCC is a local independent Church led by pastors Iain and Jenny Williams. By independent it is meant that the Church is not tied to a denomination; although is networked with other like-minded Churches, charities and organisations.

Management and pay policy

There are 4 trustees who meet periodically where they discuss current issues and future plans concerning the charity. They review best practice according to the most to date information provided. The 3 trustees are the key management personnel. Three Trustees are not remunerated and give their time freely. Pay of Iain Williams, the pastor, is set out in note 12 to the financial statements. Pay is reviewed annually taking into account cost of living and other pertinent factors.

Appointment and training of trustees

New trustees are appointed in accordance with the Articles of Association, who can bring the requisite spiritual qualities to the leadership of the church. New trustees are provided with the Articles of Association and other material published by the Charity Commission setting out the responsibilities of being a Trustee. There is no maximum number of Trustees. Trustees are not required to retire by rotation.

SUMMARY OF ACTIVITIES, DEVELOPMENTS & ACHIEVEMENTS

The last 12 months have continued to see growth in key areas:

We have established 3 home groups which meet in homes around the city of Bristol. The focus of these is pastoral care and community outreach with the overriding purpose of sharing the gospel of Jesus with others.

The youth and young adults ministry team is becoming more established with regular Sunday meetings as well as some evening gatherings.

Regular work is being carried out on the building by a small team to maintain and upgrade parts of the building. This has included small internal works to make the main auditorium larger by removing a PA booth, removing old defunct plumbing for the baptismal pool and general decorating.

Congregational involvement in the Sunday service (e.g. speaking, taking communion, chairing meetings) and outreach teams.

Strength in the sense of community and 'togetherness' of the church members.

We have also spent time to establish the main vision of the church ministry which is to Love God, Love People and Make Disciples. To this end, we have spent a lot of time and energy teaching from The Great Commandment and The Great Commission and continue to clarify the vision and purpose of the church around these core principles.

3

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

The kids and youth programmes have also grown and developed as people have been added to lead these programmes.

We also invested in our community through a Christmas hamper scheme in partnership with a local primary school. We put together and donated 15 luxury Christmas hampers to local families in receipt of free school meals and had some lovely thank you cards in return. These made a genuine difference to several families in our locality who could not afford luxury food items at Christmas.

We began to investigate the transition to a CIO through a local solicitor but had to prioritise this due to other financial decisions that needed to be made.

We have seen new church members come and settle into our church community, including a good number from Hong Kong. It has been great to see how new people are willing to invest themselves into the church and give of their time, treasures and talents. The church membership is growing and our financial income has increased proportionally on last year.

Finally, we have been blessed to host 4 guest speakers and ministries this year who have invested into the life of the church; some of them on numerous occasions.

STRATEGIC AIMS FOR 2024

Changing to a CIO (charitable incorporated organisation) to streamline the legal governance framework around which the charity operates. This will also be an opportunity to review our constitutional documents to ensure they are up to date and relevant.

Developing a spiritual leadership group , drawn from the congregation who will work alongside the pastor to lead and be accountable for the spiritual development of the church. These people will be drawn from one of the existing cell groups.

Enlarging the trustee team to be more reflective of the congregation’s professional and cultural representation.

Repairing the roof and gutters to ensure the building is watertight.

Refurbish the front of the church and courtyard . The signage needs repairing and the walls need washing and painting as well as the sash windows.

Completion of a new website in line with the clarified vision and ministry of the church.

Growing the trustee team to be more reflective of the congregation’s professional and cultural representation. Increasing the number of cell groups and ensuring they are spread around the city to ensure easy access for church members.

Formally supporting community projects/initiatives that are in keeping with our charitable aims. The aim is to partner with a number of community organisations who have similar objectives to work within the city of Bristol.

FINANCES

No policy has been discussed by the trustees for holding or making investments. The charity’s assets are currently invested entirely with banks and building societies, and no change to this policy is currently envisaged.

The objectives of RoLCC are supported by the freewill giving of tithes and offerings by its members and congregants. Pastor Ian Williams receives a salary, and charitable gifts are made by the Church to support missions whether overseas or within our own locale, including those in need of financial support.

Any funds not used month by month are transferred to a high interest short term account. Other day to day funds are held with HSBC.

Unrestricted income for the year exceeded expenditure by £19,302, (2022 £38,778). Restricted income for the year exceeded expenditure by £nil, (2022 - £1,000). Accumulated unrestricted funds at 31 December 2023 amounted to £298,025 (2022 - £278,723. Free reserves were £146,228 (2022 - £127,171).

4

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Relationships with other Charities and Organisations

RoLCC does not have any formal relationships with other charities, organisations other than those stated above; however, we have a good relationship with other local Churches and a number of informal relationships, including:

TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and regulations.

The trustees are required to prepare Financial Statements for each financial year in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the Uk and Republic of Ireland (United Kingdom Accepted Accounting Practice. The Financial Statements are required by law to give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources of the Charity for that period. In preparing these Financial Statements, the Trustees should follow best practice and:

-select suitable accounting policies and then apply them consistently;

-observe the methods and principles in the Charities SORP;

-make judgements and estimates that are reasonable and prudent;

-state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and

-prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.

INDEPENDENT EXAMINER

Graham Barber has indicated his willingness to submit himself for re-appointment as independent examiner.

By order of the board of trustees

D Torrington Trustee 14 September 2024

5

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Independent examiner's report to the Trustees on the unaudited financial statements

I report on my examination of the financial statements of the Company for the year ended 31 December 2023 set out on pages 7 to 14.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's report

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

4 Beaufort West GRAHAM BARBER ACCOUNTANCY LIMITED

Bath

Dated: 14 September 2024

6

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE)

FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income
Donations and gifts
1
Investment income
2
Total Income
Expenditure
Gifts and grants
5
Other direct charitable expenditure
5
Total expenditure
3, 5 & 6
Net Income/(Expenditure) for the Year
Reconciliation of funds
Balances brought forward at 1 January 2023
Balances carried forward at 31 December 2023		 Unrestricted Restricted
2023
2023
£
£
£
67,496
630
333
-
67,829
630
2,231
630
46,296
-
48,527
630
19,302
-
278,723
1,043
298,025
1,043		 Total
2023
£
68,126
333
68,459
2,861
46,296
49,157
19,302
279,766
299,068		 Total
2022
£
63,705
327
64,032
2,320
21,934
24,254
39,778
239,988
279,766

All activities are classed as continuing.

The notes on pages 9 to 14 form part of these financial statements.

7

Company number 7455503

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes
Fixed Assets
Tangible fixed assets
7
Current Assets
Debtors
8
Bank balances
Creditors: Amounts falling due
within one year
9
Net Current Assets
Total Assets Less Current Liabilities
Income funds
Unrestricted funds
General fund
Restricted funds
10
Total funds		 £
£
151,797
11,329
141,190
152,519
5,248
147,271
299,068
298,025
1,043
299,068
2023		 151,552
10,122
120,922
131,044
2,830
128,214
279,766
278,723
1,043
279,766
2022		 151,552
10,122
120,922
131,044
2,830
128,214
279,766
278,723
1,043
279,766
2022
279,766
278,723
1,043
279,766

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023 relating to small companies.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 14 September 2024

D Torrington

A Christaki

8

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

  1. Accounting policies

  2. (a) The financial statements have been prepared in accordance the Financial Reporting Standard 102 and Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102) and the Companies Act 2006.

The charity meets the definition of a public benefit entity under FRS102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties affecting the ability of the charity to continue as a going concern.

Donations, legacies and other forms of voluntary income are recognised within the statement of financial activities account when they become receivable, which is when the charity becomes entitled

Property improvements

10% straight line

Investment income is included in the SOFA when receivable.

Expenses are recognised when incurred and are apportioned where possible exactly to the category to which they relate. In circumstances where this is not possible the trustees apportion the amounts.

These represent costs incurred by the charity in the management of resources, organisational administration and compliance with constitutional and statutory requirements.

The charity operates defined contribution pension scheme arrangements. Contributions payable to the

schemes are charged to the statement of financial activities in the period to which they relate. These contributions are invested separately from the charity's assets.

All tangible fixed assets with an acquisition value of £750 or more are capitalised.

Depreciation is calculated to write off the cost of equipment over the estimated useful lives on a straight line basis at 20% per annum.

No depreciation is charged on freehold church building, which is subject to a regular program of inspection and maintenance.

Funds held by the charity are:

Unrestricted general funds - these funds can be used in accordance with charitable objects at the discretion of the trustees.

9

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

2. Investment income
Interest on bank and building society deposits
3. Net ncome/(expenditure) for the year
Surplus for the year is arrived at after charging/(crediting)
Remuneration of trustees (see note 12)
Trustees' expenses reimbursed
Remuneration of Independent Examiner
Remuneration of Independent Examiner - other services
Legal fees
Staff costs and numbers
Wages and salaries
Social security costs
Pension costs
Staff numbers
Total
Pastoral
Staff numbers
Full time equivalent (37.5 hours per week)
Pastoral
No employee earned more than £60,000
Key management employment benefit was (see also note 12):		 2023
£
333
333
2023
£
13,704
291
300
1,020
18
2023
£
13,704
229.00
558
14,491
2023
2
2023
1
13,704		 2022
£
327
327
2022
£
5,838
128
300
1,182
13
2022
£
5,838
-
271
6,109
2022
2
2022
1
5,838

4. Taxation

The charity is exempt from payment of taxes on surpluses. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

10

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

5. Expenditure on charitable activities

Activities in Bristol
Activities overseas
Expenditure by type of cost
Staff costs and ministry
Activities
Property costs
Office costs
Asset disposal surplus
Depreciation
Governance costs (note 6)
Gifts and grants
Analysis of gifts and grants
To organisations
Mission Destiny
Mission
To individuals for ministry
4 (2022
Other gifts to individuals		 Unrestricted
Funds
£
48,530
-
48,530
£
14,782
6,832
21,316
160
-
1,868
44,958
1,338
2,231
48,527
Charity No.
- 5) gifts		 Restricted
Funds
£
630
-
630
£
-
-
-
-
-
-
-
630
630		 2023
£
49,160
-
49,160
£
14,782
6,832
21,316
160
-
1,868
44,958
1,338
2,861
49,157
2023
£
-
-
-
1,150
1,711
2,861		 2022
£
24,064
190
24,254
£
6,237
4,222
14,531
489
7,100
-
2,060
20,439
1,495
2,320
24,254
2022
£
500
50
550
1,375
395
2,320

11

RIVER OF LIFE CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

6. Governance
Unrestricted
Restricted
Total
Funds
Funds
2023
£
£
£
Legal fees
18
-
18
Remuneration of Independent Examiner
300
-
300
Remuneration of Independent Examiner - other services
1,020
-
1,020
1,338
-
1,338
7. Tangible Fixed Assets
Freehold
property
Equipment
£
£
Cost
At 1 January 2023
145,903
23,257
Additions
-
2,113
At 31 December 2023
145,903
25,370
Depreciation
At 1 January 2023
-
17,608
Charge for the year
-
1,868
At 31 December 2023
-
19,476
Net book value
At 31 December 2023
145,903
5,894
At 31 December 2022
145,903
5,649
Cost is the original cost of the freehold premises to the original unincorporated charity. All assets are
8. Debtors
2023
£
Income tax recoverable
11,229
Prepayments and accrued income
100
11,329
9. Creditors: Amounts falling due within
2023
one year
£
Accrued expenses
1,141
Taxes and social security
832
Pension contributions
88
Other creditors
3,189
5,250		 Total
2022
£
13
300
1,182
1,495
Total
£
169,160
2,113
171,273
17,608
1,868
19,476
151,797
151,552
held for use.
2022
£
10,047
75
10,122
2022
£
1,141
706
107
876
2,830

12

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

10. Charitable funds

Charitable funds
At
1 January
2023
£
Restricted
InHope(Bristol) Ltd (Wildgoose)
43
Baptismal pool
1,000
Christmas hampers
Individuals for ministry and mission
-
Resricted funds
1,043
Unrestricted funds
278,723
Total funds
279,766
At
1 January
2022
Restricted
£
Missions
-
InHope(Bristol) Ltd (Wildgoose)
43
Baptismal pool
-
Individuals for ministry and mission
-
Unrestricted funds
239,945
Total funds
239,988		 Movement in resources
Income
Expenditure
£
£
-
-
-
-
630
630
-
-		 At
31 December
2023
£
-
43
1,000
-
-
630
630
67,829
48,527
68,459
49,157
Movement in resources
Income
Expenditure
£
£
50
50
-
-
1,000
-
-
-
62,482
23,704
63,532
23,754		 1,043
298,025
299,068
At
31 December
2022
£
-
43
1,000
-
278,723
279,766

Restricted funds are principally gifts received for specific purposes as a result of:

13

RIVER OF LIFE CHRISTIAN CENTRE

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

11. Prior year fund comparatives

Income
Donations and gifts
Investment income
Total Income
Expenditure
Expenditure on charitable activities:
Gifts and grants
Other direct charitable expenditure		 Unrestricted
Restricted
£
£
62,155
1,550
327
-
62,482
1,550
1,770
#
550
21,934
-		 Total Funds
£
63,705
327
64,032
2,320
21,934

12+Related party transactions and commitments

Trustee remuneration

Under the Memorandum of Association, clause 6, a minority of Trustees may be remunerated for services provided under a contract of employment.

Remuneration, pensions and benfits for employed pastor was as follows in the year ended 31 December 2023

31 December 2023
Rev I Rev I
Williams Williams
2023 2022
£ £
Salary 13,704 5,838
Employer pension contributions 558 271
Reimbursement of expenses incurred 291 128

No other trustee received remuneration or expenses.

Donations received from Trustees in the year were £9,869 (2022 - £10,695 (including Gift Aid recovered).

13. Commitments

There were no outstanding commitments at either period end

14