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2022-04-30-accounts

REGISTERED COMPANY NUMBER: 08045796 (England and Wales) REGISTERED CHARITY NUMBER: 1148723

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

CHASE FAMILY CHURCH

Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

CHASE FAMILY CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 April 2022

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14

CHASE FAMILY CHURCH

REPORT OF THE TRUSTEES for the Year Ended 30 April 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2022. 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our main weekly Sunday service is held at CHASE Family Church CENTRE (Shirley Hall), our aim is to preach the gospel regularly within Enfield through the church in whatever way we can and to encourage people to know God's love in Christ and together show that love in word and action. Moving out from Enfield Grammar school has brought a considerable saving on rent, allowing us to purchase new equipment for broadcasting the services. In addition to this the management of St John Ambulance (our neighbour in Shirley Road) let us use their car park, which is a real benefit for the Church services.

Membership

Church membership has remained constant, although the attendance is harder to measure due to the development of our online services, which causes some to watch from home. We now broadcast most of our Sunday Services through Facebook, YouTube and our website which has brought a new audience as well as some who watch from home. A few have moved out of the area due to retirement and work, but we are still seeing new people join the church through courses run such as Alpha and Freedom in Christ.

Public benefit

As a local congregation Chase Family Church seeks to advance the Christian religion through its activities and the facilities offered to the community by its building and activities. The Trustees are aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and has regard to it in the administration of the Church. The Trustees believe that the Church provides benefit to the public by providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for the congregation and for anyone else who wishes to benefit from what the Church offers, promoting Christian values and service by members of the congregation to the community, for the benefit of individuals and society as a whole.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The year 2021/2022 continued to see good performance. Activities provided either at the centre or online as below:

1 Alpha course (2 this year) 2 Freedom in Christ course (1 course this year)

3 Food Box deliveries

4 Firestorm (youth work Friday evenings)

5 Springers (started meeting again before Christmas)

6 Christians Against Poverty course (money coaching only 1 course this year)

7 Chase Coffee House (restarted during the year)

8 Bible 4 Blokes (Met for a breakfast instead)

9 Belong (managed to meet up on a Saturday) 10 Various Home Groups (have restarted during the year) 11 Wednesday evening prayer & Bible study (online zoom)

The centre has been used a little more during this year as COVID - 19 has been decreasing. We are still developing our online services, not only Sundays but other promotional videos which continues to attract a new audience.

We continue to thank God and acknowledge the faithful support and hard work of our church membership.

FINANCIAL REVIEW

Reserves policy

Chase Family Church is currently dependent on donations / tithes to sustain its activities, as earned income alone would not allow Chase Family Church to continue operating. This means that if there were to be a gap in donations / tithes it is likely that Chase Family Church would have to close. To avoid closure if funding difficulties were to happen the trustees have agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of 2 months. The main concerns of the board are to ensure that staff can continue working, primarily to secure new funding and that members/service users are supported to move on to other services. Currently funding has been secured until 2022, but if difficulties were to arise then, it has been calculated those reserves of £35,000 would be needed to continue running for at least 2 months. The increase in the reserves is mainly due to the additional staff employed. The reserves should be built up from the unrestricted (earned) income. The level of reserves should be calculated and monitored every 12 months by the Elders / Trustees. This policy should be reviewed yearly and whenever there are significant changes in staff hours or numbers.

Page 1

CHASE FAMILY CHURCH

REPORT OF THE TRUSTEES

for the Year Ended 30 April 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The Elders are responsible for the recruitment of new Trustees. The Elders believe this approach ensures that new Trustees are respected members of the faith. In selecting new Trustees, they seek to identify people who have attended events and functions organised by the church. New Trustees are also selected by their personal competence and specialist knowledge and skills.

Induction and training of new trustees

Following appointment new Trustees are made aware of their responsibilities. Initially new Trustees work with existing Trustees assisting on particular activities and projects run by the church. Individual Trustees are set certain responsibilities according to their skillset and all Trustees attend Trustee meeting as required.

Risk management

As Trustees we assess the risks the church faces at our Trustees meetings, we weigh up the nature of the risks involved, likelihood of the risks happening, and the measures taken to manage such risks. All Trustees are DBS checked along with any member of the church that work with children or other vulnerable groups.

Elim Network

Elim Network is the new name for ECI (Elim Church Incorporated) which we are part of, under their supervision we have been able to seek their guidance and refresh our risk assessments in accordance with COVID - 19. They have also guided us in other areas to do with Leadership.

Safeguarding

All workers are appointed, trained, supported and supervised in accordance with our Safeguarding Policy which is available on our website. Safeguarding training has been held in-person as the church has resumed more in-person activities. The training has incorporated newer aspects that focus on digital and online interaction with young people.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08045796 (England and Wales)

Registered Charity number 1148723

Registered office

Shirley Road Enfield Middlesex EN2 6SB

Trustees

K Swan M Le Baigue M Higgins P Tidey Ms H Nicolas

Company Secretary

K Swan

Independent Examiner

Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Page 2

CHASE FAMILY CHURCH

REPORT OF THE TRUSTEES for the Year Ended 30 April 2022

Jan 17, 2023

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................................. Ms H Nicolas - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHASE FAMILY CHURCH

Independent examiner's report to the trustees of Chase Family Church ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2022.

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 statement

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.

mwbrindley

mwbrindley (Jan 17, 2023 14:12 GMT)

Maurice Brindley BSc FCA Institute of Chartered Accountants in England & Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Date: ............................................. Jan 17, 2023

Page 4

CHASE FAMILY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 30 April 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
136,154
Investment income
2
24
Total
136,178
EXPENDITURE ON
Charitable activities
Church Running Costs
141,475
NET INCOME/(EXPENDITURE)
(5,297)
Transfers between funds
10
(24,286)
Net movement in funds
(29,583)
RECONCILIATION OF FUNDS
Total funds brought forward
127,371
TOTAL FUNDS CARRIED FORWARD
97,788
Restricted
funds
£
12,134
-
12,134
31,431
(19,297)
24,286
4,989
819
5,808
30.4.22
30.4.21
Total
Total
funds
funds
£
£
148,288
166,967
24
12
148,312
166,979
172,906
113,243
(24,594)
53,736
-
-
(24,594)
53,736
128,190
74,454
103,596
128,190

The notes form part of these financial statements

Page 5

CHASE FAMILY CHURCH (REGISTERED NUMBER: 08045796)

BALANCE SHEET

30 April 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
19,752
CURRENT ASSETS
Debtors
8
5,722
Cash at bank
75,174
80,896
CREDITORS
Amounts falling due within one year
9
(2,860)
NET CURRENT ASSETS
78,036
TOTAL ASSETS LESS CURRENT LIABILITIES
97,788
NET ASSETS
97,788
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
funds
£
-
-
5,808
5,808
-
5,808
5,808
5,808
30.4.22
Total
funds
£
19,752
5,722
80,982
86,704
(2,860)
83,844
103,596
103,596
97,788
5,808
103,596
30.4.21
Total
funds
£
19,706
10,276
100,649
110,925
(2,441)
108,484
128,190
128,190
127,371
819
128,190

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 Sections 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.

The notes form part of these financial statements

Page 6

continued...

CHASE FAMILY CHURCH (REGISTERED NUMBER: 08045796)

BALANCE SHEET - continued

30 April 2022

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

Jan 17, 2023 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

Martin Higgins Martin Higgins (Jan 17, 2023 10:32 GMT) ............................................. M Higgins - Trustee

K.A.Swan

K.A.Swan (Jan 17, 2023 11:57 GMT) .............................................

K Swan - Trustee

The notes form part of these financial statements

Page 7

CHASE FAMILY CHURCH

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 April 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have been made during the course of preparing these financial statements. There are no sources of estimation uncertainty.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 8

CHASE FAMILY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2022

1. ACCOUNTING POLICIES - continued

Financial instruments

The charity only has financial assets and 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.

2. INVESTMENT INCOME

2. INVESTMENT INCOME
30.4.22 30.4.21
£ £
Deposit account interest 24 12
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
30.4.22 30.4.21
£ £
Depreciation - owned assets 4,530 1,562
Independent Examination 1,722 1,722
4. TRUSTEES' REMUNERATION AND BENEFITS
30.4.22 30.4.21
£ £
Trustees' salaries 43,950 43,120
Trustees' social security 2,024 1,417
Trustees' pensions paid 1,133 1,106
47,107 45,643

Payments to trustees were for the services provided as ministers and not those of Trustees.

Trustees' expenses

Any expenses claimed by Trustee's were reclaims of expenditure directly relating to that of the Charity.

Key management personnel

The Trustees consider the Key Management to consist of the Trustees and Elders of the Church.

During the year total remuneration received by the Trustees and Key Management can be seen above.

5. STAFF COSTS

STAFF COSTS
30.4.22 30.4.21
£ £
Wages and salaries 94,700 66,163
Social security costs 3,623 1,722
Other pension costs 1,920 2,639
100,243 70,524
The average monthly number of employees during the year was as follows:
30.4.22 30.4.21
Average number of staff 5 4

continued...

Page 9

CHASE FAMILY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2022

5. STAFF COSTS - continued

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
163,206
Investment income
12
Total
163,218
EXPENDITURE ON
Charitable activities
Church Running Costs
93,235
NET INCOME/(EXPENDITURE)
69,983
Transfers between funds
(16,462)
Net movement in funds
53,521
RECONCILIATION OF FUNDS
Total funds brought forward
73,849
TOTAL FUNDS CARRIED FORWARD
127,370
7.
TANGIBLE FIXED ASSETS
COST
At 1 May 2021
Additions
At 30 April 2022
DEPRECIATION
At 1 May 2021
Charge for year
At 30 April 2022
NET BOOK VALUE
At 30 April 2022
At 30 April 2021
Restricted
Total
funds
funds
£
£
3,761
166,967
-
12
3,761
166,979
20,008
113,243
(16,247)
53,736
16,462
-
215
53,736
605
74,454
820
128,190
Plant and
machinery
£
21,268
4,576
25,844
1,562
4,530
6,092
19,752
19,706

continued...

Page 10

CHASE FAMILY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2022

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Gift Aid
Prepayments
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Accrued expenses
10.
MOVEMENT IN FUNDS
Net
movement
At 1.5.21
in funds
£
£
Unrestricted funds
General fund
127,371
(5,297)
Restricted funds
Miscellaneous Restricted
815
2,448
Mission
4
(21,745)
819
(19,297)
TOTAL FUNDS
128,190
(24,594)
30.4.22
£
4,742
980
5,722
30.4.22
£
1,416
616
828
2,860
Transfers
between
funds
£
(24,286)
2,541
21,745
24,286
-
30.4.21
£
8,202
2,074
10,276
30.4.21
£
976
329
1,136
2,441
At
30.4.22
£
97,788
5,804
4
5,808
103,596

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Miscellaneous Restricted
Mission
TOTAL FUNDS
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
136,178
(141,475)
(5,297)
11,054
(8,606)
2,448
1,080
(22,825)
(21,745)
12,134
(31,431)
(19,297)
148,312
(172,906)
(24,594)

continued...

Page 11

CHASE FAMILY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 April 2022

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.5.20 in funds funds 30.4.21
£ £ £ £
Unrestricted funds
General fund 73,849 69,984 (16,462) 127,371
Restricted funds
Miscellaneous Restricted 601 (1,013) 1,227 815
Mission 4 (15,235) 15,235 4
605 (16,248) 16,462 819
TOTAL FUNDS 74,454 53,736 - 128,190

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 163,218 (93,234) 69,984
Restricted funds
Miscellaneous Restricted 1,501 (2,514) (1,013)
Mission 2,260 (17,495) (15,235)
3,761 (20,009) (16,248)
TOTAL FUNDS 166,979 (113,243) 53,736
A current year 12 months and prior year 12 months combined position is as follows:
Net Transfers
movement between At
At 1.5.20
in funds
funds 30.4.22
£
£
£ £
Unrestricted funds
General fund 73,849
64,687
(40,748) 97,788
Restricted funds
Miscellaneous Restricted 601
1,435
3,768 5,804
Mission 4
(36,980)
36,980 4
605
(35,545)
40,748 5,808
TOTAL FUNDS 74,454
29,142
- 103,596

continued...

Page 12

CHASE FAMILY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2022

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Miscellaneous Restricted
Mission
TOTAL FUNDS
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
299,396
(234,709)
64,687
12,555
(11,120)
1,435
3,340
(40,320)
(36,980)
15,895
(51,440)
(35,545)
315,291
(286,149)
29,142

Mission Fund

The Mission Fund is for any missional purposes based in the UK or abroad.

Miscellaneous Restricted Fund

This fund encompasses any small funds such as Alpha, Weekends Away, Youth, Make Lunch and other individual projects.

11. RELATED PARTY DISCLOSURES

During the year Mrs E Higgins, a spouse of the trustee Mr M Higgins, received a salary of £8,436 (2021: £8,277) this was in relation to her role as administrator in the church.

During the year Mrs S Tidey, a spouse of the trustee Mr P Tidey, received a salary of £18,759 (2021: £16,170), this was in relation to her role as Support and Development Worker for the church.

During the year Mr K Swan received £1,050 (2021: £1,075) for speaking at church services. These transactions were in the normal course of church activity.

Mr K Swan and Mr M Higgins both received an anonymous gift of £nil each (2021: £100 each) from a member of the congregation.

Page 13

CHASE FAMILY CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 30 April 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 April 2022
30.4.22 30.4.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 114,790 134,157
Gift aid 19,953 26,453
Sundry Income 432 2,691
Income from church events 13,113 3,666
148,288 166,967
Investment income
Deposit account interest 24 12
Total incoming resources 148,312 166,979
EXPENDITURE
Charitable activities
Trustees' salaries 43,950 43,120
Trustees' social security 2,024 1,417
Trustees' pensions paid 1,133 1,106
Wages 50,750 23,043
Social security 1,599 305
Pensions 787 2,639
Insurance 1,544 1,518
Telephone 864 602
Postage and stationery 428 855
Sundries 430 -
Mission 18,780 19,118
Evangelism & Outreach 3,725 69
Youth Work 4,734 617
Church events expenses 3,316 466
Equipment Costs 4,346 2,820
Computer expenses 3,486 2,899
Conferences and seminars 1,658 32
Visiting speakers 2,577 1,825
Other gifts 7,456 950
Premises expenses 12,387 6,224
Plant and machinery 4,530 1,562
170,504 111,187
Support costs
Finance
Bank charges 263 166
Governance costs
Accountancy and legal fees 2,139 1,890
Total resources expended 172,906 113,243
Net (expenditure)/income (24,594) 53,736

This page does not form part of the statutory financial statements

Page 14

Chase Family Church - financial statements 2022

Final Audit Report

2023-01-17

Created: 2023-01-16 By: L Hewitt (luisa.hewitt@hewittwarin.com) Status: Signed Transaction ID: CBJCHBCAABAAKu11NLJIm8VTHIkRhVL-aAEWfs_jvF7_

"Chase Family Church - financial statements 2022" History

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