RE615TERED COMPANY NUMBER: 07124743 {England and Wale51
REGISTERED CHARITY NUMBER: 1141467
Report of the Trustees Jnd
Unaudited Flnanclal Statements for the Year Ended 31 March 2025
College of Mentsl Health Pharniacy
Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 IQL

College of Mental Health Pharniary
Contents of the Flnancial Statements
for the Year Ended 31 Marth 2025
Page
Report of the Trustees
Independent Exjmlner's Report
Statement of Flnanclal Actl¥ltles
Balance Sheet
10 to 11
Notes to the Flnanclal Ststements
12 to 17
Drt•lled St*ten*nt of Fln•ncl•l Artl¥ltles
18 to 19

College of Mentsl Health Pharniacv
Report ofthè Trustee5
for the Year Ended 31 Marth 2025
The trustees who are also dirertors of the charity for the purposes of the Companies Act 2(K)6, present
their report with the financial statements of the charity for the year ended 31 Marth 2025. The trustees
have adopted the provisions of 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 IFRS 1021 leffective l January 20191-
CHARITABLE AIMS
To advènte education in the practice of mental health pharniacy and to promote and disseminate résèarch
for the public benefit in all aspects of that subject.
Each aspect of our work contributes to our charitsble aim5 In some way. For example..
Continued delivery of Psy¢h l and Psych 2 educational courses, induding expansion into the Southern
Hemisphere, providing global access to mental health pharm3cy education.
Active contribution to national consultations and mental health Buidelines. influencing best practice and
policy.
Collaboration with partner or8anlsatlons to Improve public understanding of psychiatric mediclne5 and
thelr use.
Credentialing and re-¢redentialing pathways that SUPPOrt professlonal development and recognise
expertSse.
Peer support through our email discussion gioup arsd events such as oijr international conference.
CMHP remalns a vibrant community of professionals committed to improvin8 knowledge and
understandin8 In mental health pharmacy, ultimately enhancin8 patlent care.
OBJECTIVES AND AcnvmES
OblÈctlves Jnd alms
To ensure that people wlth mental health conditions receive the best trèatmènt wlth medlclnes tailored to
thelr individual needs, ensurin8 pharmaceuticals are used appropriately and effectively.
AcnviTIES UNOERTAKEN FOR THE PUBUC BENEFIT
In plannin8 the charity'5 activities for the yeai, the trustees complied with the requirements of s17 of the
Charities Act 2011 to have due regard to the public benefit guidan￿ published by the Charity Cornmis5ion.
Page I

College of Mentsl Health Phamiacy
Report of the Trustees
for the Year Ended 31 March 2025
ACHIEVEMENT ANO PERFORMANCE
Main achievements summary
Implementation of Strategic Plan- Continued pro8re55 on our four golden threads..
Advocating for equality, diversity and inclusion in mental health pharmacy.
ReducinE StIEmè through co-produced practice with people with lived experience.
Delivering high*uality outputs to POSltion CMHP as the leading authority in mental health pharmacy.
Embedding sustainability and climate-conscious practice5 in mental health pharrnacv.
Education and Training:
Successful delivery of Psych l and pS￿h 2 course5. including international expansion.
Development of new educatlonal resources and updates to existln8 Content.
Credentlaling and Professional Development-
Ongoing credentialinB and Foundation Certificate pathway.
Launch of joint credentialing process with the Royal Pharmaceutical Society.
Research and Recognition..
Continued partnership with Pharmacy Research UK for prartice research awards.
Awarding of educational bursarles to support Professional 8rowth.
Engagement and Communl¢atlon:
Hosting of AGM durin8 the 2024 international conference.
Regular publication of PsychBites newsletter with updates from Council and members.
- Growth of social medla presence across Facebook. Insta8ram. and Llnkedln.
Collaboration and Influence:
Feedback on consultations from NICE, MHRA, RPS, Welsh Government and others.
Media commèntary and expert input in publications such as the Pharmaceutical Journal.
Continued collaboration with organisations includlng APTUK, BAP. CPPE, CPC, NAPICU, NHSE, RPS,
RCPsych.
and
International Reach..
Strengthening links with members and organisations in Ireland, Australia, New Zealand, and beyond.
Communlty Support..
Ongoing sharing of best practice and advice through the CMHP e-group and member networks.
FINANaAL REVIEW
Flnanclal posltlon
At 31 March 2025 the thzritablè company had free reserves of £415,52312024 - £364,7291. The net surplus
for the year of £50,794 represents a reduction when compared to the previous year's surplus on ongoing
activities of £54,815.
Page 2

Cotlege of Mentsl Health Phamiacv
Report ofthe Trustees
for the Year Ended 31 Marth 2025
FINANCIAL REVIEW
Reserves policv
Charitable free reserve5 are defined a5 income which becomes available to the charitable company and is
to be spent at the trustees, discretion in furtherance of any of the charity's objectives. but whith is not yet
spent, committed or designated.
The free reserves of the charitsble company are represented by the accumulation of cash reseNes from
surpluses of income over expenditure in both the current and past financial years. The charitable company
currently has annual running costs of approximately £2￿,C￿J) that require financing before retainin8 most
of its free reserves for the purposes of financing it5 future charitable objective5.
The level of freè reserves is reviewed regulady by the trustees and the charitable company's reserves
stance 15 to maintain accumulated funds at a sufficient level to cover the annual running C05t5 of the
charitable company for the foreseeable future with any surpluses used to SUPPOrt future charltable
objectives.
STRucfuRE, GOVERNANCE ANO MANAGEMENT
Governln8 document
The charity is controlled by Its 8overning document, deed of trLSSt and constitutes a Ilmlted company
Ilmlteij by Buarantee as defined by the Companies Act 2￿6.
The College of Mental Health Pham)•cy Is a reBlstered charitable company number 1141467, governed by
Its Memorandum and Articles of Association and incorporated on 23 January 2010.
The company was granted charltable statu5 on 15 April 2011.
Organlsatlonal 5trurture
The charitable company is administered by the tnjstees comprising of the individuals who are the trustees
of the charitable company at any given time, includin8 the first trustees and their 5ucces50rs. In selectlng
Individuals for appointment as trustees. the trustees have regard to the skills, knowledge and experience
required for the effective administration of the charltable company.
Management
The management of the charitable company is vested in the officers of ihe College cornprisin8 President,
Vice President, lrnmediate Past President, Honorary Treasurer, Honorary Secretary and Reglstrar who
together with other elerted council members, are directors for the purpose of cornpany law and trustees
for the purpose of charity law.
Page 3

College of Mental Health Pharmacy
Report of the Trustees
for the Year Ended 31 Mar¢h 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
REFERENCE AND ADMINISTRATV4lE DETAILS
Reg15tered charlty name: Colle8e of Mental Health Pharmacy
Charity registration number.. 1141467
Company registration number.. 07124743
Regbstered offlce and principal address- 23 Southway, Burgess Hill. West Sussex RH15 9SY
OFFICERS OF THE COLLEGE
The officer5, who were all directors and trustees of the charitsble company durin8 the year, were as
follows..
President.. Karen Shuker
Immedlate Past President.. R05allnd Glttlns
Vice President.. Nicole Greenhalgh
Honorary Treasurer- Tara Gallagher
Honorary Secretary.. Petra Brown
Registrar.. Beryl Navti
The officer5, who are all dlrectors and trustees of the charitable company at the date ol approval of these
flnancial statements are as follows:
Presldent: Karen Shuker
Immediate Past President- Rosalind Gittins
Vlce President.. Nicole Greenhalgh
Honorary Treasurer.. Tara Gallagher
Honorary Secretary.- Petra Brown
Re8istrar'. Beryl Navti
MEMBERS OF THE COLLEGE COUNCIL
The members, who are all directors and trustees of the charftsble company at the date of approval of these
financial statements, are as follows..
Petra Brown - Honorary Secretary
R05alind Gittins- Imrnedlate Past President
Klran Hewitt- Council Member
Clara Ni Dhublaing- Council Member
Karet) Shuker- President
Michael Dixon- Council Member
Tara Gallagher- Honorary Trèasurer
Abiola Allison- Council Member
Nicola Greenhalgh Vice President
Orla Macdonald- Council Member
Yogita Dawda- Council Member
Amanda Wheeler- Council Member
Katie Evans- Council Member
Beryl Navti - Registrar
Page 4

College of Mental Health Phamiacv
Report of the Trustees
for the Year Ended 31 March 2025
sTRU￿URE, GOVERNANCE AND MANAGEMENT
Louise Revell Council Member
Jaspreet Sohal Council Member
SUPPORT TEAM OF THE COLLEGE COUNaL
Wendy Gundry, ASL Consultancy- Executive Assistant and Membershlp Officer
Alan Pollard - Admin Support for Credentialing and Education Events
Eleanor Harwood - Communications Consultant
REFERENCE ANO ADMINISTRATIVE DETAILS
Re81stered Company number
07124743 IEngland and Wales)
Reg15tered Charfry number
1141467
Reglster•d offlce
Lancaster Court
8 Barnes Walli5 Road
Fareham
Hampshire
P015 STU
Trustèes
Mrs R E Gittlns Dlrector
Ms C N5 Dhublaing Director
Ms K Shuker Dlrertor
M Dixon
Mrs T L Gallagher
A A M Allinson
Miss N L Greenhal8h
Professor A J Wheeler Academic
Ms Y Dawda Pharmacist
Ms O Macdonald Pharmacist
Mrs B B Navti
Miss K L Evan5
Mlss L Revèll
Mrs l K Sohal
K Hewitt
P Brown
Page 5

College of Mentsl Health Pharmacv
Report of the Trustees
fof the Year Ended 31 March 2025
REFERENCE ANO ADMIN15TrATIVE DETAILS
Independent Examiner
Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industri¥l Estate
Uckfield
East Sussex
TN22 IQL
OTHER INFORMATION
Webslte: www.crnhp.org.uk
ial Media: Facebook, Twitter and Linkedln Accounts.. Vlsit College of Mental Health Pharmacy
Approved by order of the board of trustees on......
and si8ned on its behalf by:
Ms K Shuker- Trustee
Page 6

IndeperKlent Examiner'5 Report to the Trustees of
College of Mentsl Health Pham￿ty
Independent examlner's report to the trustees of (￿lege of Mental Health Pharmacy I'the Company'l
I report to the eharity trustees on my examination of the accounts of the Company for the year ended
31 March 2025.
Responslbllltles and basls of report
As the charity's trustees of the Company land also its directors for the purposes of company lawl you are
responsibSe for the prep3r3t¢on of the accounts in accordante with the requirements of the Companies Act
20061'the 2rx)6 Act'l.
Havlng satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act and are eli8ible for independent exarnination, I report in respect of my examination of your
charity's accounts as carried out under Section 145 of the Charities Act 2011 Ilhe 2011 Act'l. In carrylng
out my examination I have lollowed the Directions given by the Charity Cornmi$5ion under Section 145151
Ibl of the 2011 Act.
Page 7

Independent Examlnerfs Report to the Trustees of
College of Mental Health Pharmary
Independent examlner's Statement
Since your charity'5 gr055 income exceeded £250,(￿￿ your examiner must be a member of a listed body. I
can confirm that l am qualified to undertake the examination becatjse l am a member of the Institute of
Chartered Accountants in England and Wales, which is one of the listed bodles.
I have completed my exèmination. I confirm that no matters have come to my attention in connection with
the examination giv1r￿ me cause lo believe-
accounting records were not kept in respect of the Company as required by Section 386 of the 2(MJ6
the accounts do not accord with those reeords. or
the accounts do rbot tomply with the accounting requirements of Section 396 of the 2C(6 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
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 lapplicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republlc of Ireland IFRS 10211.
I have no concerns and have come acr055 no other matters In ¢onne¢tlon wrth the examination to which
attentlon should be drawn In thls report Sn order to enable a proper understanding of the accounts to be
reached.
lan Jenkins Bk FCA
The Institute of Chartered Accountant5 in England and Wales
Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
8ellbrook Industrial Estate
Uckfield
East Sussex
TN22 IQL
Date..
Page 8

College of Merrtal Heatth Pharmary
ststement of Flnanclal Artivitrès
for the Year Ended 31 March 2025
2025
2024
Total
funds
Unrestricted
fund
Note5
INCOME AND ENDOWMENTS FROM
Donations and legacies
42,962
35,379
Charftable artlvltles
Charitable activities
213.144
170,210
Investment income
2,758
2,986
Totsl
258,864
208,575
EXPENDITURE ON
Charitsble activities
Charitable activities
Support costs
168,825
39,245
121,942
31,818
Total
208,070
153,760
NET INCOME
50,794
54,815
RECONCIUATION OF FUNDS
Total funds brought forward
364,729
309.914
TOTAL FUNDS CARRIEO FORWARD
415,523
364,729
The rKJtes fomi part of these financial statements
Page 9

College of Mentsl Health Phamiacy
Balance Sheet
31 March 2025
2025
Unrestricted
fund
2024
Total
funds
Notes
FIXED ASSETS
Tangible assets
li
S8
73
CURRENT ASSETS
Debtors
Cash at bank
12
18,656
421,391
22,110
367,291
440,047
389,401
CREDITORS
Amounts falling due within one year
124,5821
124,7451
NET CURRENT ASSETS
415,465
364,656
TOTAL ASSETS LESS CURRENT LIABILtTIES
415.523
364,729
NET ASSETS
415,523
364,729
FUNDS
Unrestricted funds
14
415,523
364,729
TOTAL FUNDS
415,523
364,729
The charltable company is entitled to exemption from audit under Section 477 of the Companles Act 2006
for the year ended 31 March 2025.
The members havt not required the company to obtain an audit of its financial statements for the year
ended 31 March 2025 In accordance wlth Section 476 of the Companles Act 2Crt)6.
The trustees acknowledge their responsibilities for
ensuring that the charitable company keeps accounting record5 that comply with Sections 386 and
387 of the Companies Act 2(X16 and
preparing financial statements which give a tn￿ 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
requirement5 of the Companie5 Act 2￿6 relating to financial statements. so far as applicable to the
charitable companv.
The notes form part of these financial statements
Page 10
continued..

College of Mental Health Pharmacy
Balance Sheet- contlnued
31 March 2025
These flnancial statements have been prepared in accordance with the provisions appllcable to charitable
companie5 5ubjert to the small companies regime.
The flnancial statements were approved by the Board of Tnjstees and auth)rised for trs5ue on
..1.111712S.............
and were 518ned on it5 behalf bv-.
K Shuker- Truslee
rustee
The notes forni part of these financial statements
Page 11

College ol Mental Health Phamwy
Notes to the Financial Statements
for the Year Ermled 31 Marth 2025
ACCOUNTING POLICIES
Basls of preparlng the flnanclal ststements
The financial statements of the charitable company, which is a public benefit entity tjnder FRS 102,
have been prepared in accordance with the Charities SORP IFRS 1021 'Accountin8 and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparin8 their accounts In
accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Stat)dard
appllcable in the UK and Republic of Ireland. and the Companie5 Act 21)36. The financial statements
have been prepared under the hlstorical ¢ost convention.
The presentation currency in the financial statements is the Pound Steding (£1.
The charitable company ha5 taken advantage of the following disclosure exemption in preparing
these financial statements, as permitted by FRS 102 The Financial Reporting Standard applicable In
the UK and Republbc of Ireland,:
the requirements of Section 7 Statement of Cash Flows.
Income
All Income Is recognlsed In the Statement of Flnanclal Artlvltles once the charlty has entStlement to
the funds, it is probable that the incorne will be received and the amount can be measured reliably.
Membership subscription5 which give a member the right to buy services or other benefits are
reco8ni5ed as Income earned from the provision of goods and service5 as incorne from charltable
activities otherwise as donations.
Income from interest royalties and dividends a￿ included in the financi315tatements when th*
recelpt15 probable and the amount receivable can be measured reliablv.
Expendhure
Liabilities are recoBnised as expendlture as soon as there is a legal or constru¢tive obligation
committin8 the charity to thal expenditure, it 15 probable thal a Iransfer of economlc benefit5 will be
required in settlernent and the amount of the obligation can be measured reliably. Expenditu￿ is
accountèd for on an accruals basis and has been classlfied under headin85 that aggregate all c05t
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to artivities on a basis consistent with the use of resources.
T4n8lble fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Computer equipment
20% on reducing balance
Tax•tlon
The charity is exempt from Corporation tax on its charitable activities.
Fund accounting
Unrestrirted funds can be used in accordance with the charitable objectives at the dlscretion of the
trustees.
Page 12
tontinued...

College of Mental Health Pharn)acy
Notes to the Financial Statements- continued
for the Year Ended 31 Ma￿h 2025
ACCOUNTING POUCIES- contlnued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the object5 of the charity.
Restrirtions arise when specified by the dorbor or when funds are raised for particular restricted
purposes.
Deferred 5ncome
Deferred income ha5 been recognised in regards to training events and study day fees received in
advance.
DONATIONS AND LEGACIES
2025
2024
Membership subscriptions
42,962
35,379
INVESTMENT INCOME
2025
2024
Deposit account interest
2,758
2,986
SUPPORT cosrs
Governance
costs
Mana8ernent
Flnance
Totals
Charitable artivitles
support C05tS
2,105
36,299
2,105
39,245
205
2,741
38,404
205
2,741
41,350
Governance costs include £2,741 12024 £2,630) payable to the indepèndènt examiner for
exarnination of the accounts.
Page 13
continued...

College of Mentsl Health Ph•miKy
Notes to the FinarKial Statements - contlnued
for the Year Ended 31 March 202S
NET INCOMEIIEXPENDITURE)
Net incomellexpenditurel is stated after charginBllcreditin81=
202S
2024
Depreciation - owned assets
15
18
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for
the year ended 31 March 2024.
Trustees. expenses
Travel, subsistence and accommodatlon expenses paid to the trustèes in respect of attendin8
committee meetln8s during the reporting period amounted to £9.42512024- £4,952).
EMPiOYEE NUMBERS
There were no employees In the current year or the prevlous year.
COMPARATIVES FOR THE STATEMEiif OF FINANCIAL AcnvmES
Unrestricted
fund
INCOME AND ENOOWMENT5 FROM
Donations and legacies
35,379
Charltable Jctlvltles
Charltable actiwties
170,210
Investment income
2,986
Total
208,575
EXPENDITURE ON
Charltable attlvltles
Charitable actiwties
Support costs
121,942
31,818
Totsl
153,760
NET INCOME
54,815
Page 14
Continued...

College of Mentsl He4￿h Pharniary
Notes to the Financial Ststements- contlnued
for the Year Ended 31 Mprth 2025
COMPARATIVES FOR THE sfATEMENf OF FINANaAL AcnviTIES- contlnued
Unrestricted
fund
RECONCILIATION OF FUNDS
Total funds brought lorward
309,914
TOTAL FUND5 CARRIED FORWARD
364,729
COMPANY UMITED BY GUARANTEE
The Company is limited by guarantee with the liability of its members limited to £1, being the
amount each rnember Is requlred to contribute towards any outstandin8 debts and liabilitie5 upon
the winding up of the companv.
10. CHARrrABLE STATUS
The company was granted charitable status by the Charity Commission of 15 Aprll 2011, with the
reBi5tration number 1141467.
11. TANGIBLE FIXED ASSErs
Computer
equipment
COST
At l April 2024 and 31 March 2025
DEPRECIATION
At l April 2024
Charge for year
4,933
15
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
58
At 31 March 2024
73
Page IS
continued...

College of Mental Health Pharniacy
Notes to the Financlal Statements- continuèd
for the Year Ended 31 March 2025
12. DEBTORS: AMOUNTS FAiLING DUE wmiiN ONE YEAR
2025
2024
Trade debtors
Other debtors
Prepayments and accrued income
15,940
18,980
2,326
2,716
18,656
22,110
13. CREDITOR5: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Other creditors
Accruals and deferred Income
1,445
23,3C
24,582
24,582
24,745
Deferred income of £17,555 12024 - £I8.8C￿l included in creditor5 relates to training events, study
days, membership fees and commission received in advant¢.
14. MOVEMENT111 FVNOS
Net
movement
in funds
At
31.3.25
At 1.4.24
Unrestrlcted funds
General fund
364,729
50,794
415,523
TOTAL FUNOS
364,729
50,794
415,523
Net movement In funds, Included in the above are as follows:
Incoming
resource5
Resources
expended
Movement
In funds
Unrestrfrted fvnds
General fund
258,864
1208,0701
50,794
TOTAL FUNDS
258,864
1208,0701
50,794
Page 16
ontinued...

College of Mentsl Health Pharniary
Note5 to the Financial Statements- continued
for the Year Ended 31 March 2025
14.
MOVEMEMf IN FUNDS- continued
ComparJtl¥es for movement In fvnds
Net
movement
in fund5
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
309.914
54,815
364,729
TOTAL FUNDS
3￿),914
54,815
364,729
Comparative net movement in funds, included in the above are as follows..
Incomin8
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
208,575
1153,7601
54,815
TOTAL FUNDS
208,575
1153,7601
54,815
IS. RELATED PARTI DISCLOSURES
There were no related party transartions for the year ended 31 March 2025 nor for the year ended
31 March 2024.
16. ULTIMATE cof4TROiLING PARTY
The company Is under the ultirnate control of its members comprlsing the rnembershlps of it5 two
former unincorporated organisations, the United Kingdom P5ychiatrfc Pharmacy Group and the
College of Mental Health Pharmacists.
Page 17

College of Mental Health Pham*ry
Detailed Statement of Financial Activlttes
for the Year Ended 31 March 2025
2025
2024
INCOME AND ENDOWMENT5
Donatlons and legacFes
Membership subscriptions
42,962
35,379
Investment Income
Deposit account interest
2,758
2,986
Charltable artlvltle5
Conference sponsorship and dt￿gate ftes
Tralnlng events and study day fees
Corporate partnership scheme
Credentlaling
Commission re¢*lvèd
115,476
78,318
iO,CK)O
1,350
84,379
70,055
io,coo
3,276
213,144
170,210
Total Incomlng resources
258.864
208,575
EXPENDITURE
Charltable artlvltles
Conference costs
Tralning and study day costs
Educational bursaries and awards
Committèe expenses
Credentialing costs
128,614
26,209
2,472
9,425
81,633
21,663
8,685
3Crf)
166,720
120,721
Support costs
Management
Insurance
IT and webslte rnaintènante
Bookkeepin8
Consultancy fee5
Admlnistration
Paypal charges
DepreclatSon of tangible and heritage
a55et5
807
2,105
715
1,221
16,450
14,588
1,439
11,CX)2
13,205
1,067
18
38,404
30,228
This pa8e does not form part of the statutory financial statements
Page 18

G)Ilege of Mentsl Health Pham
Detsiled Statement of financial Activities
for the Year Ended 31 March 2025
2025
2024
Management
Flnance
Bank char8es
205
181
Governance costs
Accountancy fees
2,741
2,630
Total resources expended
208,070
153,760
Net Income
50,794
54,815
Thls page does not form part of the statutory financial statements
Page 19