SHORELINE CALVARY NORTH LONDON ANNUAL REPORT & ACCOUNTS YEAR ENDED 30TH JUNE | 2023
Shoreline Calvary North London Limited
Annual Report and Accounts
| Objectives and Achievements | 2 |
|---|---|
| Financial Review | 4 |
| Plans for Future Periods | 5 |
| Structure, Governance and Management | 5 |
| Reference and Administrative Details | 5 |
| Statements of Financial Activities | 7 |
| Balance Sheet | 8 |
| Summary Income and Expenditure Account | 9 |
| Notes to the Financial Statements | |
| 1. Accounting Policies | 10 |
| 2. Analysis of Income | 12 |
| 3. Donated Goods, Facilities and Services | 12 |
| 4. Analysis of Expenditure | 13 |
| 5. Trustee Expenses | 14 |
| 6. Independent Examiner Remuneration | 14 |
| 7. Grant-making Activities | 15 |
| 8. Staff Costs, Employee Benefits and Trustee Remuneration | 16 |
| 9. Fixed Assets | 17 |
| 10. Debtors | 18 |
| 11. Creditors | 18 |
| 12. Summary of the Assets and Liabilities of each Category of Fund | 19 |
| 13. Movement in Funds | 20 |
| 14. Related Party Transactions | 21 |
SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Objectives and Achievements
Objects of the Charity
The advancement of Christianity for the benefit of the public in accordance with the following:
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a. To worship God the Father, Son and Holy Spirit;
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b. To build up the Church of Jesus Christ, in particular through the teaching and preaching of the Word of God (The Bible);
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c. To proclaim that men and women should repent and believe in Jesus Christ as Saviour and Lord;
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d. As we have opportunity, to do good to all, especially to those who are of the household of faith (Galatians 6:10).
Activities of the Charity
The primary day and time for meeting weekly is Sunday at 12:30 pm at St. Saviours Church, Chalk Farm, Camden during which the activities of worshipping God, prayer, reading and studying the Word of God and fellowshipping with one another are engaged on a regular basis.
Supplemental meetings for the purposes of prayer, worship, Bible study, discipling and fellowship in an informal context were provided on Tuesday evenings in Camden, Wednesday mornings in Brockley, South London or by means of online facilities.
It is during the primary and supplemental meetings that individual and group prayer, worship, Bible study and use of the gifts and talents provided by God are taught, promoted and encouraged. It is also during the primary and supplemental meetings, as well as during other irregularly scheduled public outreach opportunities, that the salvation message has been made known and explained.
All of the above activities have been accomplished in an adult-level context as well as the provision of similar instruction and opportunities in child-age contexts through the use of a structured children’s ministry, mostly offered simultaneously to the adult worship services held each Sunday and conducted by volunteers from among the church body.
Achievements and Performance, Year Ended 30th Jun 2023
Jul–Aug 2022:
In July we were blessed with a visit from founding Pastor Antonye Holyde and his wife Suzanne. We had a special night of worship, and other opportunities for Antonye to share the word. A couple from the fellowship, Eddie and Viola, had two belated wedding celebrations blessings. Pastor Daniel had an opportunity to lead one of them and share the gospel.
In August Pastor Daniel had the opportunity to teach at a Christian Youth Camp. He was joined by Lois and Jaiden who helped serve on the worship team. It was a great opportunity to share the word and minister to the young people who came.
Sep-Oct 2022:
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
In September we began a new book of the Bible on Sunday’s, the book of 1 John. We continued to meet on Tuesday evenings at Luminary Café in Camden (going through the book of 1 Samuel). The U-turn morning bible study was also a continued ministry of the church.
Nov-Dec 2022:
Christmas often provides itself an opportunity for ministry, such was the case this year. We were able to hold a Carol Service at St Saviour’s church. One of the highlights was one of the young girls from the fellowship bringing along her friend from school, who took a bible home with her.
Over Christmas Pastor Daniel was able to invite a couple of members of the church to the Corner House (the night shelter project where he works) for a meal on Christmas Day and Boxing Day, so that they would not be alone over the holiday season.
Jan-Feb 2023:
In January Pastor Daniel was able to attend the Calvary Chapel Pastors and Leaders Conference in Oxford. He was joined by Lois and Jaiden. It was a great time of refreshment and encouragement
Mar-Apr 2023
In March Lois hosted a Ladies Breakfast/Brunch for the women in the church. It was a chance to fellowship with one another and pray together. Easter was a busy time. Pastor Antonye and Suzanne visited at the end of March/beginning of April and were able to allow Pastor Daniel to prepare for the arrival of their son Solomon who was born April 10th. Antonye led worship and taught from the word during the weekly meetings.
After Solomon was born Pastor Daniel took a couple of weeks off as Paternity Leave. In his absence a number of speakers covered the pulpit including Rob Dingman, Rob Prendergast, Andrew Barnet and Jaiden. They did a great job and the fellowship was greatly blessed. The month of April ended with a Calvary Chapel Men’s Conference in Oxford which Pastor Daniel was able to attend.
May-Jun 2023:
In May Pastor Daniel, Lois, Solomon and Jaiden were able to attend the Calvary Chapel Pastor’s Conference up in York. And then in June, Pastor Daniel was able to serve on the worship team at the annual Teach the Word Conference in Oxford. A good number of people from Shoreline were able to attend the Conference and were encouraged by the time.
In Conclusion: (and in accordance with our vision)
To Preach – The gospel has continued to be preached through our various weekly bible studies, services and other events.
To Teach – The bible has continued to be taught covering multiple different books of the bible. We have seen people grow in their faith. And have been able to attend other Calvary Chapel Conferences, becoming great opportunities to get away from the routine of the week and grow deeper with Jesus.
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
To Reach – We have seen the gospel go forth online through our YouTube channel and various studies and services. We have seen a couple of people join the fellowship.
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Financial Review
Financial Position
The Charity’s primary source of funds is from free-will offerings received from those regularly attending the Sunday as well as various other supporters sympathetic to the objectives of the Charity and the ministries it supports.
The Charity’s expenditures were primarily for providing premises for its main Sunday meetings and resources to aid in worship and Bible study during the main and supplemental meetings.
Reserves Policy
Keeping in line with the Charity’s future plans it has a policy to hold sufficient reserves to be able to respond in a timely manner to any opportunity presented that would allow the Charity to achieve those plans. Current reserves are minimal for meeting such possible opportunities. The Charity has an amount of reserves, of which its value must be available as a liquid asset at all times. These reserves are equal to 3 months of average total expenditure.
If at any point the reserves reach the minimum of 3 months expenditure, a trustees board meeting must be called to discuss a course forward.
Grant Making Policy
Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.
Spending and Reimbursement Policy
All money spent from someone’s own personal account with the intention of being reimbursed by the church, must either be by a trustee, or under the direction of/agreed by a trustee. If a trustee is planning to spend over £1,000 for the charity, this must also be approved by at least one other trustee.
Principal Sources of Funding
The charity’s principal source of funds is from voluntary donations received from those regularly attending the Sunday services as well as various other supporters of the objectives of the charity.
Plans For Future Periods
Our plans are to continue operating as a church, fulfilling the objectives of the charity. One thing we would like to see happen over the coming years is finding a new location to meet on a Sunday which better suits the needs of the congregation.
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Structure, Governance and Management
We are a small fellowship. Daniel Taylor as the lead Pastor assumes responsibility for the small day to day decisions of the charity. He is supported by volunteers and members of the church in fulfilling the charity objectives on a daily basis. The church board is made up of three trustees. Daniel Taylor, Rob Dingman and Antonye Holyde. The board oversees the organisation as a whole.
Reference and Administrative Details
Trustees
Pastors
Daniel John Taylor (Chair) Robert Dingman Antonye G Christian Holyde Daniel John Taylor (Chair)
Governing Document Memorandum and Articles Incorporated 30th June 2010 Registered Charity Number 1141528 Company Number 07299831 Charity Principle Address 26 Estcourt Road London SE25 4SD Bliss Accounts
Accounts Prepared By
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:
Daniel John Taylor (Chair) 01/02/2024
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Statement of Financial Activities
For the Year Ended 30th Jun 2023
| Note Income Donations and Legacies 2 Charitable Activities Other Trading Activites Investments 2 Other Income 2 Total Income Expenditure Raising Funds Charitable Activities 4-9 Total Expenditure Net Income (Expenditure) Net Movement in Funds Reconciliation of Funds 12-13 Total Funds b/fwd Total Funds c/fwd |
Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 25,200 25,200 34,556 - - - - - - - - 541 - 541 12 176 - 176 2 |
|---|---|
| 25,917 25,917 34,570 - - - - (37,440) - (37,440) (19,981) |
|
| (37,440) - (37,440) (19,981) (11,523) - (11,523) 14,598 |
|
| (11,523) - (11,523) 14,598 81,116 - 81,116 66,528 |
|
| 69,593 - 69,593 81,116 |
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Balance Sheet
| Balance Sheet | |
|---|---|
| At 30th Jun 2023 2023 Note £ £ £ Fixed Assets Tangible Assets 9 657 Current Assets Debtors 10 3,627 2,574 Cash in Bank and in Hand 87,902 83,359 Total Current Assets 91,529 Liabilities Creditors: Amount falling due within one year 11 (22,593) (4,816) Net Current Assets 68,936 Net Assets 69,593 The Funds of the Charity 12-13 Unrestricted Funds 69,593 Restricted Funds - Total Funds 69,593 |
2022 £ - |
| 85,933 81,117 |
|
| 81,117 81,117 - |
|
| 81,117 |
These financial statements were approved by the board of trustees and signed on their behalf on 01/02/2024
Signed on behalf of the Charity Trustees: Daniel John Taylor (Chair)
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Summary Income and Expenditure Account
For the Year Ended 30th Jun 2023
| Income Gains/(losses) on Investments Interest and Investment Income Gross Income in the Reporting Period Expenditure Interest Payable Depreciation and charges for the impairment of Fixed Assets Total Expenditure in the Reporting Period Net Income (Expenditure) before tax Tax Payable Net Income (Expenditure) for the financial year |
2023 £ 25,376 - 541 25,917 37,244 - 195 37,439 (11,523) - (11,523) |
2022 £ 34,558 - 12 |
|---|---|---|
| 34,570 19,981 - - |
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| 19,981 14,589 - |
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| 14,589 |
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements
For the Year Ended 30th Jun 2023
1. Accounting Policies
General Information
Shoreline Calvary North London Limited is a Charitable Company limited by guarantee registered in England and Wales. The registered charity number, company number and address of the charity is given in the charity information on page 6.
Statement of Compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Companies Act 2006 and Charities Act 2011.
Shoreline Calvary North London Limited is a Public Benefit Entity as defined by FRS 102.
Going Concern
The charity has a number of regular donors, giving the trustees reasonable confidence that sufficient funding will be secured beyond the current year. The trustees have assessed the level of funds held, in addition to the cash flow needs of the charity, concluding with confidence that it will be able to continue in its operation.
Fund Accounting Policies
The General Funds are not subject to any restrictions regarding their particular use and are available for applicable general purposes of the charity.
Incoming Resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when; the charity is legally entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.
Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.
Incoming resources from Gift Aid tax reclaims are included in the SoFA at the same time as the gift to which they relate.
The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.
Investment income is included in the accounts when receivable
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
Expenditure and Liabilities
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. It is probable that the paying out of resources will be required in settlement and the amount of the obligation can be measured reliability.
The charity makes grants to individuals and other institutions to further its charitable objectives.
Fixed Assets
Tangible fixed assets which cost £500 or more and used for more than one year are capitalised. They are valued at cost price or a reasonable value on receipt.
Depreciation is calculated on tangible fixed assets using the Straight Line Method, at 25% of the cost per year
Inventory
Stocks held for sale as part of non-charitable trade are measured at the lower of cost or net realisable value.
Donated goods are measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s). When there is no direct evidence of fair value for an equivalent item, a value is derived from: the cost of the item to the donor; or in the case of goods that are expected to be sold, the estimated resale value after deducting the cost to sell the goods.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Judgements in Applying Accounting Policies
In the application of the church's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates but are unlikely to be material.
Cash at Bank and In Hand
Cash at bank and in hand includes cash and short-term highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar amount.
Financial Instruments
The church only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
2. Analysis of Income
| 2. Analysis of Income | 2. Analysis of Income | ||
|---|---|---|---|
| 2023 Unrestricted Funds Restricted Funds Total Funds Donations and Legacies Freewill Offerings 21,873 - 21,873 Tax Recoverable - Gift Aid 3,326 - 3,326 25,199 - 25,199 Investment Income Bank Interest 541 - 541 Other Income HMRC Gift Aid Interest 6 - 6 Assenova M Retreat 170 - 170 176 - 176 Total 25,917 - 25,917 3. Donated Goods, Facilities and Services Donated Goods Donated Facilities Number of Unpaid General Volunteers Church Services - Hospitality and Operations Church Services - Technical Church Services - Facilities Church Services - Childrens Ministry Church Services - Connect Mid-week group - Leaders Leadership Team - Leaders |
2022 | ||
| Unrestricted Funds Restricted Funds Total Funds 31,982 - 31,982 2,574 - 2,574 |
|||
| 34,556 | - 34,556 |
||
| 12 2 - |
12 - 2 - - |
||
| 2 | - 2 |
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| 34,570 | - 34,570 |
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| 2023 £ ? ? - 2023 5 4 4 5 4 2 4 |
2022 £ - - |
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| - 2022 5 4 4 5 4 2 4 |
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| 28 | 28 |
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
4. Analysis of Expenditure
Expenditure on Charitable Activities - Activities Undertaken Directly
| 2023 Note £ Mission and Ministry Discipleship and Outreach 484 Hospitality - Supplies - Gifts 5,164 IT - Media - Music 2,333 Retreats and Conferences 5 358 Pastor Personal Ministry Study 5 91 Training and Resources 5 25 Travel and Accomodation 5 6,191 Other Ministry Expenditure - Property, Mangement and Administration Rent and Utilities 9,505 Office Space Payments 11,569 Building Repairs Upkeep and Minor Furnishings - Fixed Asset Depreciation 9 195 Insurance 34 Office Costs and Postage 178 Bank Charges 110 Other Admin Expenditure - 36,236 Expenditure on Charitable Activities - Grant Funding of Activities 2023 Note £ Grants Payable 7 550 Expenditure on Charitable Activities - Support Costs 2023 Note £ Discipleship and Outreach - Support Costs 150 Accountancy 363 Independent Examination 6,11 140 653 TOTAL Expenditure 37,440 |
2022 £ 986 4,056 1,552 2,061 93 100 2,595 133 7,471 - - - 215 191 38 12 |
|---|---|
| 19,449 2022 £ |
|
| - 2022 £ 129 156 247 |
|
| 532 | |
| 19,449 |
TOTAL Expenditure
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
5. Trustee Expenses
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistence causes, exclusively and necessary for fulfilling the charity objects
1 Trustees was paid expenses in the financial year ended 30th Jun 2023
2 Trustees was paid expenses in the financial year ended 30th Jun 2022
| Trustee Expenses Office Space Travel Personal Ministry Study Training and Resources |
2023 £ 11,569 6,191 91 25 17,876 |
2022 £ - 2,595 93 100 |
|---|---|---|
| 2,788 |
6. Independent Examiner's Remuneration
| Independent Examiner Fees | 2023 £ 140 |
2022 £ |
|---|---|---|
| 245† |
†The Independent Examination fee for the accounts for the Year Ended 30th June 2022 was not included in the 2021 accounts as a creditor and not in the Income and Expenditure account. The total amount in the 2022 figure includes examination fees for both the Year Ended 30th June 2022 and 30th June 2021.
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
7. Grant-making Activities
Resourcing Mission and Ministry in accordance with the Charity Objects:
| Grants Made to Institutions Grants Made to Individuals Hardship and Benevolence Total |
2023 £ - 550 550 |
2022 £ |
|---|---|---|
| - | ||
| - | ||
| - |
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
8. Staff Costs, Employee Benefits and Trustee Rumuneration
By provision of the charity's Governing Document, D. Taylor was remunerated £3,934 in personal expenses (£2,758 personal expenses in 2022). The charity also made retrospective payments of £11,569 to cover the space used as a study in personal accomodation. A. Holyde was rumunerated £2,373 in personal expenses (£0 personal expenses in 2022)
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
9. Fixed Assets
| Cost or Valuation At 1st July 2022 Additions Disposals Revaluations Transfers At 30th Jun 2023 Depreciation and Impairments At 1st July 2022 Disposals Depreciation Impairment Transfers At 30th Jun 2023 Net Book Value at 1st July 2022 Net Book Value at 30th Jun 2023 |
Fixtures, Fittings and Equipment Ministry Equipment Building Improvements Total £ £ £ - - - 852 - 852 - - - - - - - - - |
|---|---|
| 852 - 852 - - - - - - 195 - 195 - - - - - - |
|
| 195 - 195 - - - |
|
| 657 - 657 |
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
10. Debtors
| Prepayments and Accrued Income Insurance Safeguarding Other Debtors Tax Recoverable - Gift Aid Total 11. Creditors Other Creditors D Taylor Office Space D Taylor Expenses St Saviour Church Rent Luminary Bakery Independent Examination Accounting Bank Charges Total |
2023 £ 190 110 300 3,327 3,627 2023 £ 11,569 7,832 2,425 480 140 136 11 22,593 22,593 |
2022 £ - - |
|---|---|---|
| - | ||
| 2,574 | ||
| 2,574 | ||
| 2022 £ - 3509 450 600 130 120 7 |
||
| 4,816 | ||
| 4,816 |
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
12. Summary of the Assets and Liabilities of each Category of Fund
| Tangible Fixed Assets Intangible Assets Current Assets Debtors Creditors: Amounts falling due within one year |
2023 |
|---|---|
| Unrestricted Funds Restricted Funds Total Funds £ £ £ 657 - 657 - - - 87,903 - 87,903 3,627 - 3,627 (22,593) - (22,593) |
|
| 66,593 - 66,593 |
| Tangible Fixed Assets Intangible Assets Current Assets Debtors Creditors: Amounts falling due within one year |
2022 |
|---|---|
| Unrestricted Funds Restricted Funds Total Funds £ £ £ - - - - - - 83,359 - 83,359 2,574 - 2,574 (4,816) - (4,816) |
|
| 81,117 - 81,117 |
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
13. Movement in Funds
| Unrestricted Funds General Fund Total Funds |
Fund Balances Brought Forward Income Expenditure Net Transfers Fund Balances Carried Forward |
|---|---|
| £ £ £ £ £ 81,117 25,917 (37,440) - 69,593 |
|
| 81,117 25,917 (37,440) - 69,593 |
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SHORELINE CALVARY NORTH LONDON LIMITED Year Ended 30th Jun 2023
Notes to the Financial Statements - Continued
14. Related Party Transactions
Income
Income from donations and legacies include £1,889 received from Trustees
Expenditure
Related party transactions are disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration'
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Independent examiner's report on the accounts
Report to the trustees of Shoreline Calvary North London Limited Charity no. 1141528
For the period ended 30[th] June 2023 Set out on pages 5-18
Respective responsibilities of The charity's trustees are responsible for the preparation of the accounts in trustees and examiner accordance with the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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to state whether particular matters have come to my attention
Basis of independent examiner’s statement[My examination was carried out in accordance with general Directions given ] by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement[In connection with my examination, no material matters have come to my ] attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Signed:
Date: 3[rd] March 2024
Name: Magnus Proctor FFA
Professional qualification Fellow of the Institute of Financial Accountants
Address: Lindisfarne, Landkey Road, Barnstaple, Devon, EX32 9BW