## **Church Family Meeting and AGM 30th April 2025** 

**Present: 37** members with **3** apologies received. Quorate at 21. 

The meeting opened with prayer and a time of worship. 

## **Minutes of Previous AGM 24th April 2024** 

Accepted and approved unanimously. 

## **Review of the Year** 

2024 was a year of challenge and change, and a growing excitement about where God is leading us. 

Following our pastor Ade Gascoyne’s departure in the autumn of 2023, the church family devoted much time and energy to faithfully serve the Lord and our community, and at the same time to seek his guidance in the appointment of a new pastor. 

All of the church’s ministries continued through the year. Our Sunday morning services were led by members of the church leadership team, and we were encouraged through our preaching series on Acts to consider again the call of Jesus to announce and live out the gospel. 

Our mission communities have continued to meet, and while the Bridgetown group no longer meets, a new group started in Harberton and continues to thrive. 

We baptised three Christians this year and look forward to more in the coming year. 

Whilst we have a small group of children and young people at present, the team continues to develop a programme for both Sunday and mid-week activities.  There are three groups meeting on a Sunday, covering primary and secondary aged children.  A mid-week group meets for our young people, as well as a mentoring programme to support them with trained church members. 

The church continued to run a number of other mid-week groups, including Women of the Word, Create and during the autumn, Alpha.  The church opened its doors to the local community by running the Living Room café, although this offering has now been reduced to once a week. 



We hosted City on a Hill in partnership with Ichthus Christian Fellowship and spent time out on the streets and in the market sharing our faith and praying with local people. 

The use of the building to support local community groups has increased significantly in 2024.  We now welcome several groups to use our space for the benefit of our community; 

- Food in the Community – provide a fresh food box scheme and run a pay what you feel café once a month. 

- Beyond Borders – supporting refugees and asylum seekers 

- Addiction support groups – supporting those with problems with drugs and alcohol 

- Local choirs. 

We also continue to support three overseas missionaries in Tanzania, Guatemala and Nepal. 

The church family met several times throughout the year as we worked through the process of discerning and appointing a new pastor.  The Trustees continued to meet on a regular basis, supported by the Operations Coordinator.  The Prayer Planning team also met regularly as they oversaw the various ministries of the church. 

Following the vision evenings in the autumn of 2023 a process of selecting potential pastors was led jointly by the Trustees and Prayer Planning Team. 

Following visits to church and an opportunity to share a testimony and meet the church family during a shared lunch, Emily Twigg was recommended to the church family to be the pastor. 

A Special Church meeting was held on Wednesday 3rd July, a vote was taken, and there was a resounding yes. Emily’s start date was confirmed as the 1[st] January 2025, and we are grateful to the Trustees and congregation of Upton Vale for supporting Emily in her sabbatical, which allowed her to be refreshed before she started her new role. 

At the start of 2024 the church membership was 52, and this reduced during the first part of the year, with several members choosing to move on to other churches. However, we also welcomed several new members who wished to make Totnes United Free their family church, and by the end of the year, our membership had increased to 56. We have also seen an increase in Sunday service attendance and new people are arriving and bringing their skills and God given abilities to encourage and serve the church family and the wider community. 



There is a growing sense of excitement and anticipation about what God will do in the church as Emily starts in 2025 and we renew our vision to reach, serve and share the gospel with our local community. 

## **Building** 

The need for our building restoration project was shared with members. There is a four year plan in place with Years 1 & 2 seen as urgently required works at a cost of £43,000. 

Success stories: £8,000 from church members 

£9,200 from local Charitable Trusts 

£20,000 pending application decision 

£5,800 gap in total required 

Questions: Does the gap have to be filled before work can start? 

No, we have enough in the fund to begin some of the work. 

## **Finance and Accounts** 

Dave Eaton thanked Oli Hawkins for his work over the year on managing the book keeping and accounts. 

The accounts (shared prior to the meeting) for the Year End 2024 were presented by Oli Hawkins. They have been interrogated and approved by Tony Jopson an Independent Examiner. 

In 2024 our 

**Income £98,325 Expenditure £55,899** 

**Surplus for the year £42,426** 



Previous Funds **£57,281** 

**Total Surplus £99,707** 

Carol Leigh explained why we will be changing from a Cash Counting system to an Accrual system. The Accrual system is a more informative way of accounting as costs are spread across the year. 

Question: Is a budget produced at the start of the year and published to members? 

A budget is produced, and whilst not published it may be viewed on request. 

Question: Are we receiving as much Gift Aid as is possible? 

Yes, most people have signed up for Gift Aid, and our weekly collection is also gift aided. 

Question: Why does the Building Fund not show up on these accounts? 

Only some of the money came in 2024, The total funding will be accounted for in 2025. 

It was proposed that Tony Jopson continue to be the Independent Examiner - agreed unanimously. 

The accounts were accepted as true and accurate. 

## **Charity Update** 

Chris Kendall explained the decision to change our status from 

Unincorporated Charity to an Incorporated Charitable Organisation (CIO). This is required by the government when received funds reach a certain threshold, and we are on the cusp of this. 

Currently our four Trustees carry the financial risk of the charity; a CIO means less risk to the Trustees. 

The process: a new constitution to be written, the current charity wound up and the new CIO adopted. 



Question: Will the Charity Commission still have oversight of the CIO? 

Yes. 

## **Welcome to New Members** 

Fi and Graham Massey, and Tricia and Ian Barrett were commended by the Trustees and PPT be accepted into membership. Each one shared something of their story, and why they are committing to TUFC. They were received and accepted unanimously. 

## **Safeguarding** 

The South West Baptist Association video Introduction to Safeguarding was shown to the members. 

Naomi and Lucy as our Designated Person responsible for Safeguarding were reintroduced and it was reiterated that all safeguarding guidelines and pathways are on the posters on the toilet doors. 

## **Re-election of Trustee** 

It was proposed that Chris Kendall be appointed for a second term of three years. 

Agreed unanimously. 

The meeting closed with prayer. 



## **TOTNES UNITED FREE CHURCH** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

1 



## **TOTNES UNITED FREE CHURCH** 

## **FINANCIAL STATEMENTS** 

**for the year ended 31 December 2024** 

|Legal and administrative information|3|
|---|---|
|Trustees’ / Directors’ report|4 to 7|
|Independent Examiner’s report|8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the financial statements|11 to 14|



2 



## **TOTNES UNITED FREE CHURCH** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**Charity No:** 1147962 **Trustees who served in the year:** David Eaton (Chair) Carol Leigh (Treasurer) Chris Kendall Rosemary Temple 

**Minister who served in year:** None **Independent Examiner:** 

A P Jopson Tony Jopson & Co Ltd Chartered Accountants 246 Peverell Park Road Plymouth PL3 4QG 

**Bankers:** 

Lloyds Bank plc PO Box 250 Delf House Southway Skelmersdale WN8 6WT 

3 



## **TOTNES UNITED FREE CHURCH** 

## **TRUSTEES’ REPORT** 

**For the year ended 31 December 2024** 

The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2024. Legal and administrative information set out on page 3 forms part of this report. 

## **Structure, Governance and Management** 

## _**Governing Document**_ 

Totnes United Free Church is an independent church. It is governed by a constitution and is a registered charity in its own right reference 1147962. 

## _**Appointment of trustees**_ 

The trustees serving during the year and since the year end up to the date these accounts are signed off are listed on page 3. 

Trustees are nominated from within the membership and elected at the Annual General Meeting. Usually 2 or 3 Trustees (depending on the size of the team) stand down each year. All members are circulated with invitations to nominate trustees prior to the AGM advising them of the retiring trustees and requesting nominations for the AGM. 

Trustees must be members of the church baptised by full immersion. 

## _**Trustee induction and training**_ 

New Trustees are provided with an orientation pack to brief them on their legal obligations under charity law, the content of the church rules and decision making processes, and recent financial performance of the church and other important documents which are contained in an induction pack. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. 

## _**Organisation**_ 

The Board of Trustees, including a Treasurer), administers the church. The board normally meets monthly. A minister is appointed by the church to manage its day to day operations. 

## **Objectives and activities** 

The church exists to proclaim the gospel of Jesus Christ and to make Him known. 

Our objectives are achieved in the following ways: 

## **Staff** 

At the year end the church employed a part time operations manager. 

4 



## **Review of activities** 

2024 was a year of challenge and change, and a growing excitement about where God is leading us. 

Following our pastor Ade Gascoyne’s departure in the autumn of 2023, the church family devoted much time and energy to faithfully serve the Lord and our community, and at the same time to seek his guidance in the appointment of a new pastor. 

All of the church’s ministries continued through the year. Our Sunday morning services were led by members of the church leadership team, and we were encouraged through our preaching series on Acts to consider again the call of Jesus to announce and live out the gospel. 

Our mission communities have continued to meet, and while the Bridgetown group no longer meets, a new group started in Harberton and continues to thrive. 

We baptised three Christians this year and look forward to more in the coming year. Whilst we have a small group of children and young people at present, the team continues to develop a programme for both Sunday and mid-week activities.  There are three groups meeting on a Sunday, covering primary and secondary aged children.  A mid-week group meets for our young people, as well as a mentoring programme to support them with trained church members. 

The church continued to run a number of other mid-week groups, including Women of the Word, Create and during the autumn, Alpha.  The church opened its doors to the local community by running the Living Room café, although this offering has now been reduced to once a week. 

We hosted City on a Hill in partnership with Ichthus Christian Fellowship and spent time out on the streets and in the market sharing our faith and praying with local people. The use of the building to support local community groups has increased significantly in 2024.  We now welcome several groups to use our space for the benefit of our community; 

- Food in the Community – provide a fresh food box scheme and run a pay what you feel café once a month. 

- Beyond Borders – supporting refugees and asylum seekers 

- Addiction support groups – supporting those with problems with drugs and alcohol 

- Local choirs. 

We also continue to support three overseas missionaries in Tanzania, Guatemala and Nepal. 

The church family met several times throughout the year as we worked through the process of discerning and appointing a new pastor.  The Trustees continued to meet on a regular basis, supported by the Operations Co-ordinator.  The Prayer Planning team also met regularly as they oversaw the various ministries of the church. 

5 



Following the vision evenings in the autumn of 2023 a process of selecting potential pastors was led jointly by the Trustees and Prayer Planning Team. 

Following visits to church and an opportunity to share a testimony and meet the church family during a shared lunch, Emily Twigg was recommended to the church family to be the pastor. 

A Special Church meeting was held on Wednesday 3rd July, a vote was taken, and there was a resounding yes. Emily’s start date was confirmed as the 1[st] January 2025, and we are grateful to the Trustees and congregation of Upton Vale for supporting Emily in her sabbatical, which allowed her to be refreshed before she started her new role. 

At the start of 2024 the church membership was 52, and this reduced during the first part of the year, with several members choosing to move on to other churches.  However, we also welcomed several new members who wished to make Totnes United Free their family church, and by the end of the year, our membership had increased to 56. We have also seen an increase in Sunday service attendance and new people are arriving and bringing their skills and God given abilities to encourage and serve the church family and the wider community. 

There is a growing sense of excitement and anticipation about what God will do in the church as Emily starts in 2025 and we renew our vision to reach, serve and share the gospel with our local community. 

## **Financial Review** 

Totnes United Free Church has an operational surplus in 2024 of £42,426 (surplus in 2023 £19,680).  The overall net asset position of the church stands at £99,701 at 31.12.24 (2023 £57,275). 

## **Reserves Policy** 

The Trustees believe that the church should hold financial reserves (the Emergency Operating Reserve – EOR) to protect against fluctuations in funding and to have the ability to maintain its activities in the short term if funding is uncertain. 

The trustees believe that the minimum level of the EOR should be the equivalent of 2 months of annual operating costs calculated and reviewed annually and built up to the desired level in stages in accordance with the church’s overall financial position and its need to maintain its activities. 

## **Risk Review** 

The Trustees identify and discuss risks on a monthly basis at team meetings. 

One key risk identified is the church’s dependency on income sources in a recessionary economic climate and it is acknowledged that close monitoring needs to be maintained on finances and ways of improving income streams explored. 

The Trustees are developing a comprehensive risk management strategy, which will comprise: 

- an annual review of the risks the church may face; 

- the establishment of systems and procedures to mitigate those risks identified and 

6 



## 

## 

## 



INDEPENDENT EXAMINER'S REPORT TO TIIE MEMBTr.RS OTr TOTNES UNITED
FRF.L CHLKCII
I report on the accounts of Totnes Uniied Free Church for the year ended 31 December 2024.
whi¢h ar¢ sei out on pages 8 to 13 below.
The charily's trustees are r¢5pon5ible for ihe preparation ofthe accounls. The
charity's trust¢cs consider ihat an audil is iiot rcquircd for thi5 year under section
144 of the Charities Act 2011 ("Ihe Charities Act") and that an independent
examination is necded.
li 15 my responsibility io..
examine the accounis under seclion 145 of the Charities Acl.
io follow the procedurcs laid down in ihe general Dircclions giv¢n by the
Charity Commission (under section 145{SNb) ofthe Charilies Act, and
to state whe¢her panicular Inattcrs have come io my atteiition.
My examirkaiion was carried oul in accordance with general Dire¢tion5 given by the
Charity Commission. An examinalion includes a review of ihe accounting records
kept by the charity and a comparison of the account5 pr¢senied willi tl)osc record5.
It a150 includes consideration ofany unusual items or dis¢losures in ihe accounts.
and sc¢kin8 ¢xplanations from th¢ trustees coiiceri)ing any su¢h malters. llie
procedurcs undcrtakLn do noi proi idc all the evidence that would bL rcquir¢d in an
audit, and consequently no opinion is given as io wheiher ihe a¢¢ounts preseni a
'trne and fair, view and th¢ report is limited to those matters set oiil in the ststeinent
below.
In connection with my examination. no matter has come io my attenlion
whi¢h gives me reasonabl¢ cause to believe tha¢ in, any mdierial respect, the
reqLiirements'.
to keep aLcounting records in a￿ordanCe with section 130 ofthe Charities
Act: and
to prepar¢ accounts which accord with ihe accounting r¢¢ords and comply
with the accounting requirements of the Chariiies Act
have not been met: or
2. to which, in my opinion. attenlion should be drawn in order io enabl¢ a proper
und¢rstanding of the accounts lo be reached.
A P Jopson
Dale
Member of Association of Instilule ofchartered Accounlant5 ii) F.ngland & Wales
Tony Jopson & Co, 246 Pevercll Park Road. Pljmouth. Pl.3 4QG

## **TOTNES UNITED FREE CHURCH** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **(including income and expenditure account)** 

## **for the year ended 31 December 2024** 

|**Unrestricted**<br>**Restricted**<br>**Notes**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**Incoming resources**<br>**Incoming  resources from generated funds**<br>Voluntary Income<br>2<br>66,631<br>7,170<br>Investment income<br>3<br>2,305<br>0<br>**Incoming resources from charitable activities**<br>Other activities<br>3<br>22,219<br>0<br>**Total incoming resources**<br>**91,155**<br>**7,170**<br>**Resources expended**<br>Charitable activities<br>4<br>55,699<br>200<br>**Total resources expended**<br>**55,699**<br>**200**<br>**Net incoming resources**<br>**35,456**<br>**6,970**<br>Total funds at 1 January<br>57,275<br>0<br>**Total funds at 31 December**<br>**92,731**<br>**6,970**|**Total**<br>**2024**<br>**£**<br>73,801<br>2,305<br>22,219<br>**98,325**<br>55,899<br>**55,899**<br>**42,426**<br>57,275<br>**99,701**|**Total**<br>**2023**<br>**£**<br>72,349<br>2,276<br>22,439|
|---|---|---|
|||**97,064**|
|||77,384|
|||**77,384**|
|||**19,680**<br>37,595<br>|
|||**57,275**|



9 



## 

||at31December||||||
|---|---|---|---|---|---|---|
||||2024||2023||
||Notes||£|£|||
|FIXEDASSETS|||||||
|Tangibleassets|7||3.528||7,392||
|CURRENTASSETS|||||||
|Debtors&prepayments|8|11.459||6,889|||
|Investments|8|405||405|||
|Cash at bank andinhand||86,678||45.353|||
|||98.542||52.647|||
|CREDITORS:amounts|||||||
|fallingduewithinoneyear|||||||
|Creditors<br>Accruals & deferred income||(2,029)<br>(340)||(494)<br>(2,270)|<br>||
|||(2,369)||(2,764)|||
|Netcurrentassets|||96,173||49,883||
|NETASSETS|||99,701||57,275||
|Unrestricted funds<br>Restricted funds|||92,471<br>7,230||56,975<br>300||
|TOTALFUNDS|||99,701||57.275||





## **The notes on pages 10 to 13 form part of the financial statements** 

## **TOTNES UNITED FREE CHURCH** 

## **NOTES ON FINANCIAL STATEMENTS** 

## **For the year ended 31 December 2024** 

## **1. Accounting policies Basis of accounting** 

The financial statements have been prepared under the historical cost convention and with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. 

The accounts have been prepared in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) 

## **Going concern** 

The accounts have been prepared on the going concern basis. 

## **Income recognition from grants** 

Income from grants is included in incoming resources when the church is legally entitled to the income and the amount can be quantified with reasonable accuracy. If the grants are received as an “up front” payment for which the conditions of payments have yet to be met then this income is deferred until the conditions are met. 

## **Fund accounting** 

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is shown in the notes to the financial statements. 

## **Tangible fixed assets** 

Depreciation of fixed assets is calculated to write off their cost on a straight line basis at the following percentage rates:- 

Equipment 

20% straight line 

## **Basis of allocation of expenditure** 

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. 

## **2. Voluntary income** 

|**Voluntary income**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**2024**|**2024**|**2024**|**2023**|
||**£**|**£**|**£**|**£**|
|Committed giving / offerings|64,169|7,170|71,339|69,466|
|Legacies & donations|1,000|0|1,000|405|
|Open church Donations|1,462|0|1,462|2,478|
||──────|──────|──────|──────|
||**66,631**|**7,170**|**73,801**|**72,349**|
||══════|══════|══════|══════|
||──────|──────|──────|──────|



11 



## **TOTNES UNITED FREE CHURCH** 

## **NOTES ON FINANCIAL STATEMENTS** 

**For the year ended 31 December 2024** 

## **3. Charitable Activities - Other activities income** 

|**3.**|**Charitable Activities - Other activities income**|**Charitable Activities - Other activities income**||||
|---|---|---|---|---|---|
||**Unrestricted**||**Restricted**|**Total**|**Total**|
|||**2024**|**2024**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
||Building room hire|7,385|0|7,385|5,230|
||Gift Aid Recovered|14,393|0|14,393|14,413|
||Support for Interns|0|0|0|2,500|
||TUF Luv|413|0|413|0|
||Other income|28|0|28|296|
|||──────|──────|──────|──────|
|||**22,219**|**0**|**22,219**|**22,439**|
|||══════|══════|══════|══════|
||**Investment & bank interest**|**2,305**|**0**|**2,305**|**2,276**|
|||──────|──────|──────|──────|
||**TOTAL INCOME**|**91,155**|**7,170**|**98,325**|**97,064**|
|||══════|══════|══════|══════|
|**4.**|**Charitable activities – resources expended**|||||
||**Unrestricted**||**Restricted**|**Total**|**Total**|
|||**2024**|**2024**|**2024**|**2023**|
|||**£**|**£**|**£**|**£**|
||Staff costs|17,680|0|17,680|36,523|
||SWYM Interns|0|0|0|5,209|
||Ministry & outreach (incl SWBA, youth & childrens)|<br>3,652|200|3,852|3,411|
||Designated giving - mission|7,563|0|7,563|8,680|
||Motor & travel expenses|43|0|43|484|
||Establishment costs`|10,275|0|10,275|9,391|
||Repairs & renewals|3,166|0|3,166|1,710|
||Manse costs|3,334|0|3,334|2,182|
||Coffee bar, functions & hospitality|1,678|0|1,678|1,272|
||Printing postage & stationery|340|0|340|95|
||Subscriptions / licences|532|0|532|859|
||Legal & professional|973|0|973|767|
||Website|836|0|836|0|
||Computer & software|260|0|260|0|
||Telephone & internet|612|0|612|1,588|
||Resources|81|0|81|45|
||Bank charges|100|0|100|107|
||Depreciation|3,864|0|3,864|3,936|
||Independent Examiner’s fee|300|0|300|250|
||Training|410|0|410|875|
|||──────|──────|──────|──────|
||**TOTAL RESOURCES EXPENDED**|**55,699**|**200**|**55,899**|**77,384**|
|||══════|══════|══════|══════|



12 



## **TOTNES UNITED FREE CHURCH** 

## **NOTES ON FINANCIAL STATEMENTS** 

## **For the year ended 31 December 2024** 

## **5. Trustees and related parties** 

The trustees received no remuneration during the year ended 31 December 2024 (2023 - £19,191) 

There were no other transactions with related parties, which are required to be disclosed in these accounts. 

## **6. Staff costs** 

|**Staff costs**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Wages & salaries|17,680|36,523|
||──────|──────|
||**17,680**|**36,523**|
||══════|══════|



No employee emoluments amounted to over £60,000 in the year (2023: nil). 

The average number of employees, calculated on a full time equivalent basis, analysed by function was:- 

||**2024**|**2023**|
|---|---|---|
||**No.**|**No.**|
|Furtherance of objectives, including support|0.5|1.5|



13 



## **TOTNES UNITED FREE CHURCH** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

**For the year ended 31 December 2024** 

|**7.**|**Tangible fixed assets**||||
|---|---|---|---|---|
|||**Equipment**|<br>**TOTAL**||
|||**£**|<br>**£**||
||**Cost**||||
||At 1 January 2024|44,928|<br>44,928||
||Additions|0|<br>0||
||Disposal|0|<br>0<br>||
||At 31 December 2024|44,928|<br>44,928||
||**Depreciation**||||
||At 1 January 2024|37,536|<br>37,536||
||Charge for year|3,864|<br>3,864||
||Disposal|0|<br>0<br>||
||At 31 December 2024|41,400|<br>41,400||
||**Net book amount**||||
||As at 31 December 2024|**3,528**|<br>**3,528**||
||As at 31 December 2023|7,392|<br>7,392<br>||
|**8.**|**Debtors, Prepayments & Investments**||**2024**|**2023**|
||||**£**|**£**|
||Gift Aid Debtor||7,380|6,714|
||Prepayments||4,079|0|
||Other debtors||0|175|
||Sainsburys shares (150)||405|405|
|||**11,864**||**7,294**|
|**9.**|**Creditors:** **amounts falling due within one year**||**2024**|**2023**|
||||**£**|**£**|
||Trade creditors||1,881|287|
||HMRC||148|207|
||Accruals & deferred income||340<br>|2,270<br>|
||**Total creditors & provisions**||**2,369**|**2,764**|



14 



INDF.PF.%DY.NT F.XAMINF.R'S REPORT TO 1IIE MEMBERS OF TOTNE5 UNfTF,D
FRI-.Tr'. C'.111:HC.-11
I reporf on the •Kcounts of Totncs Unitd Free Church fLY the )*K endtyj 31 De￿n￿l 2024.
which are srt oui on pws 8 kn 13 b¢low.
The chwily's •r¢ resp)nsible for the wcparnlion of the xcounts. The
chariTy'S iWSt¢¢s considcT th￿ Jn •udil 13 not l¢quir￿ for ihis yt•i undci se¢1ion
144 of ¢ht C"hariii¢s Act *oI i (Ihe Chlriiies A¥l-) thai ￿ irHkpciid¢ni
¢xAmination 15 needed.
li is my rrymxsibilily k)-.
emminc the aca)unis 145 of th¢ Ch•riti¢5 Act,
follow th¢ pr￿edUreS knid do￿ in ihe Se￿￿1 Dire&1147n$ 8i*cn b), lh¢
ChKily Commissim (under seuion 145(5Xbl of the ChaTilies Acl. and
10 5111¢ *'h¢fher plnicular mAttcTS come lu my allei11ion.
My exwnin•ti(M c•rried in •cc(ffdwKe wilh 8¢n¢ril l)iff¢tjons 8iven by th¢
Chril>' CINDmi55ion. An rxamin•lion in¢lud¢$ i re*iew of ihc ￿cOuntIng recor&
k¢pt b)" Ihe chrity Comp￿t50n of ihc 4Euwnis pr¢s¢nlcd wilh ihoA¢ r¢c￿d5.
li also iKludes consideniN)n of any unusu•l it¢ms or di5closurts in the a¢couni$.
•rbd sceking explana11￿1 from th¢ tru#ee$ concernin8 Anv such millers. The
o¢e4Jures undenaken do not pr￿.￿k Ill ihe ¢1 id¢Thx thai b¢ rtquired in an
aydj( Ind ¢Lxwuenily ￿ opinK>n is Biwen as to whether th¢ *¢c￿nIS presenl
'tr￿ fair. view 4TrJ tht ieiKffl is limited to tho*e m*llern gtl oul in th¢ wment
below.
In w'iih my exwninalion. no maller has ¢(wne lo mw •tteniioo
which $ives mc rc4xThble c•uJ¢ io believe ih•i in. •ny milerial resF*¢i. Ihe
requirefflents..
to kcep xoxnling rttfjrds in ￿￿dInce with yttli(m 130 of th¢ Cknrilies
Acl: Ind
to ry¢pore xcounls whi¢h x¢(wd with the xcounting re¢oth •nd comply
wilh th¢ x¢ountin8 rcqyirryn¢rts of the ChArilies A
h•v¢ been rnel: (
. to which. in my Iwinlon. *llen11(￿ SI￿ld be dTrwn in order lo enlbk a ryoper
of the ￿OUn15 ￿ tx rc*ched.
A P Jop50n
DAt¢
Member of A$￿￿1•110n of Inslilute ofchafiered Accounlan15 in F.n8l•nd & Wales
Ton> Jop50n & Co. )46 Pe)'efcII hrk Road, Pl%mouih. Pl.3 4