St James’s Church, New Barnet
Trustees’ Report and Financial Statements
for the year ending 31[st] December 2024
St James's Church, New Barnet
Financial Report for 2024
Trustees Report
Objectives and Activities
In accordance with St James’s Church’s charity registration and our position as part of the Church of England, our key activities are providing regular public worship open to all and providing services to the community.
Our main goals from our Mission Action Plan were:
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To improve our welcome and help newcomers belong
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To continue to be good stewards of finance and resources
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To increase our involvement in the community and seek new mission opportunities
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To invest in equipping leaders
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To continue to invest in our work with children, young people, and their families
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To draw more into the presence of God through all we are doing
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To be a place where prayer is a priority
In each area of ministry we think about how our actions help our relationships in three directions – up (how does this help us to grow in faith); in (how do we support each other) and out (how do we reach out to the community).
We will continue to develop our relationships with other local churches, especially our sister church Holy Trinity, Lyonsdown.
Achievements and Performance
Our weekly services are Sunday morning and Wednesday morning (short midweek reflection). We also have a monthly Encounter service with informal music and prayer.
We have employed a Family and Youth Worker since 2012. As well as Kidschurch during our Sunday morning service, we also run some weekday groups: Toddler Group, Our Place (toddler group for children with additional needs) and Zone (school years 2-6).
We continue to be part of the Together in Barnet Night Shelter scheme, and hosted guests overnight in church once a week for two months during the winter.
Jim’s Café, our Community Advice Centre, continued to grow. It is a place where anyone is welcome, offering friendship as well as a range of advice services, including help with filling in forms. We have conversation English classes for those with English as a second language, and are part of the national warm spaces initiative. This is all free.
We have a donation point for Chipping Barnet Foodbank (and had a special collection at Harvest) and local charity Sebby’s Corner (for families experiencing hardship). In December we held our annual Toy Sunday, when people brought toys for social services to pass on to children who would not get Christmas presents.
Our community garden at the vicarage continues to grow a wide range of produce, which was distributed to people at Jim’s Cafe and the Foodbank.
On Remembrance Sunday we took part in the service at New Barnet War Memorial, before our own morning service which included an act of remembrance.
We held a free Community Fun Day in December, with hundreds of people enjoying a bouncy castle, games, stalls and hot dogs. We had a range of special services at Christmas and at Easter. For many years we have taken part in carol singing at a retirement home at Christmas, and in 2024 also for the first time at a local pub.
We continue to run our small group Bible studies (Life Groups), and these have been places to support one another, and grow as disciples.
We have prayer ministry available after services. We always join in with the local ecumenical World Day of Prayer service.
Social events have included lawn bowls and an open mic night, plus a variety of women’s and men’s events.
We have two regular craft groups, and a community music group. Knit & Natter’s projects have included making knitted items for charities.
We have a Silver Eco Church Award from A Rocha UK (a Christian charity which works to equip Christians and churches to care for the environment), and continue to work to improve our environmental impact.
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St James's Church, New Barnet
Financial Report for 2024
Financial Review
Income
Our income in 2024 was £217,361. This is less than 2023 due to the 2023 income including a large payment of back rent from our previous nursery. Income from giving has increased thanks to the generosity of our congregation.
Here is a breakdown of our 2024 income:
==> picture [434 x 253] intentionally omitted <==
----- Start of picture text -----
Youth groups, church shop &
other income, £7,520.00
Rental income &
Congregational giving room hire, £47,000
& sundry donations,
£85,634
Income from grants,
Gift Day, £13,305.00 £63,902.00
----- End of picture text -----
Expenditure
Our expenditure in 2024 was £204,035. The main areas of expenditure were parish share, staff salaries and fabric costs. Two staff salaries are paid for almost entirely by grants, for which we are very grateful. Parish share is our contribution to the Diocese of St Albans, which in turn pays our vicar’s stipend and supports the church in many other ways. We always feel it is important to pay our parish share in full.
Cash
As always, we aim to maintain a healthy cash balance throughout the year to make sure we are able to deal with any unexpected dips in income. We were able to maintain this for 2024.
Reserves Policy
The free reserves are the total funds available to the PCC, excluding funds tied up in our rental property in Victoria Road and funds designated to be used on specific items.
It is the PCC’s policy to:
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keep three months' running costs (approximately £35,000) in free reserves to cover essential expenditure in the event of loss of income
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save up funds in a 'salaries reserve’ and a ‘fabric reserve' to cover unexpected fabric repairs and to ensure salaries can be paid during a low patch, or if we were unable to continue to secure grant funding
Our free reserves are at our target of £35,000 (at 31 December 2024 they stood at £34,979). On top of the free reserves, we have designated £5,000 to the salaries reserve and £10,000 to the fabric reserve. We have also designated £6,435 to a charitable giving reserve and £2,000 to a music and PA reserve.
Structure, Governance and Management
St James’s Parochial Church Council (PCC) is a corporate body established by the Church of England and operating under the Parochial Church Council Powers Measure.
It is registered as a charity in England as “The parochial church council of the ecclesiastical parish of St James New Barnet”, also known as “St James PCC, New Barnet”. Its registered charity number is 1150299.
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St James's Church, New Barnet
Financial Report for 2024
Individuals become members of the PCC (in accordance with the Church Representation Rules):
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by virtue of their office within the church (vicar and churchwardens)
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by membership of certain other ecclesiastical bodies (e.g. Barnet Deanery Synod)
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by direct election by members of the church (those on the Church Electoral Roll)
On appointment or election to the PCC, all members automatically become trustees of the charity.
As well as constituting the charity trustees, the PCC is the overall management committee of the church. It has the following sub-committees:
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Standing Committee – empowered to take urgent decisions between normal PCC meetings
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Fabric Team – deals with practical matters, including maintenance of the church building and other churchowned premises
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Finance Team – aims to establish and maintain best practice in all aspects of financial management
The following served as Trustees (and as members of the PCC) during the period from the start of the reporting period (1 Jan 2024) to the date of the 2025 Annual Parochial Church Meeting (11 May 2025).
Rev Canon Laura Hewitt (Vicar, until 19 March 2025) Alice Femi-Pearse (until APCM 2024) Rev Jenny Robinson (Curate) Bryony Johnson Carol Connah (Churchwarden) Alun Matthews Luke Cowles (Churchwarden) Areghan Obawaeki Mark Chapman (Deanery Synod Rep; until 16 March 2024) Simon Perera (until APCM 2024) Simon Vincent (Lay Reader; Secretary from APCM 2024) Paul Robinson (until APCM 2024) Ros Thompson (Secretary until APCM 2024) Liz Smith (from APCM 2024) Zoë Jones (Treasurer) Sue Walsh (from APCM 2024)
The PCC appointed Jeremy & Helen Alford as Safeguarding Officers in 2022. They are not Trustees.
Reference and Administrative Details
Registered Office : St. James's Church, 71 East Barnet Road, New Barnet, EN4 8RN
Bankers : Barclays Bank PLC, 1250 High Road, Whetstone, London, N20 OPB
Independent Examiner : Mr D Watson ACIB, 24 Ventnor Drive, Totteridge, London, N20 8BP
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St James's Church, New Barnet
Financial Report for 2024
| STATEMENT OF FINANCIAL ACTIVITIES 2024 Restricted 2024 Unrestricted note £ £ INCOME Donations and grants 73,691 89,150 Charitable Activities 275 4,083 Trading Activities - 47,000 Other Income - 3,162 Total INCOME 73,966 143,395 EXPENDITURE Charitable Giving 1,688 1,257 Service Costs 584 3,748 Church Ministry 1,522 78,772 Employee Costs 2,7 28,386 21,051 Fabric 12,796 30,736 Administration 270 7,502 Fundraising Costs - 15,723 Total EXPENDITURE 45,246 158,789 NET RESOURCES 28,720 (15,394) TRANSFERS BETWEEN FUNDS - - NET MOVEMENT IN FUNDS 28,720 (15,394) BALANCES BROUGHT FORWARD 12,588 233,808 BALANCES CARRIED FORWARD 41,308 218,414 |
2024 Total £ 162,841 4,358 47,000 3,162 217,361 2,945 4,332 80,294 49,437 43,532 7,772 15,723 204,035 13,326 - 13,326 246,396 259,722 |
2023 £ 150,857 4,365 74,446 1,323 |
|---|---|---|
| 230,991 | ||
| 9,279 6,146 82,190 48,801 57,743 8,093 (2,125) |
||
| 210,127 | ||
| 20,864 - |
||
| 20,864 225,532 |
||
| 246,396 |
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St James's Church, New Barnet
Financial Report for 2024
BALANCE SHEET
| ASSETS note Fixed Assets Buildings - 159 Victoria Road 3 Totals Current Assets Cash at bank Cash in hand Stock Debtors - trade Debtors - other Debtors - Gift Aid tax claim Totals Less Creditors Trade creditors Other creditors PAYE and National Insurance Deferred income Totals NET CURRENT ASSETS NET ASSETS FUNDS note Restricted Funds 4 Hardship fund Jim’s fund Youth work fund Community projects fund Other restricted funds Totals Designated Funds 5 Charitable giving Music & PA reserve Buildings reserve Fabric reserve Salaries reserve Totals Other Funds 5 Free reserves Totals FUNDS TOTALS |
2024 £ 160,000 160,000 79,656 1,903 1,952 3,335 6,719 13,863 107,428 (518) (4,188) - (3,000) (7,706) 99,722 259,722 2024 £ 6,227 2,253 23,827 1,926 7,075 41,308 6,435 2,000 160,000 10,000 5,000 183,435 34,979 34,979 259,722 |
2023 £ 160,000 |
|---|---|---|
| 160,000 | ||
| 78,187 513 1,320 10,320 7,759 6,000 |
||
| 104,099 | ||
| (13,670) (3,161) 128 (1,000) |
||
| (17,703) | ||
| 86,396 | ||
| 246,396 | ||
| 2023 £ 1,201 3,633 19,880 116 (12,242) |
||
| 12,588 | ||
| 5,435 2,000 160,000 11,000 20,000 |
||
| 198,435 | ||
| 35,373 | ||
| 35,373 | ||
| 246,396 |
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St James's Church, New Barnet
Financial Report for 2024
| INCOME 2024 note £ Donations and grants General giving 59,126 Tax recovered on general giving 13,137 Gift Day income 13,305 Tax recovered on Gift Day 2,880 Grants 63,902 Other donations 7,682 Tax recovered on restricted donations 978 Collections for other charities 1,175 Church event donations 656 Totals 162,841 Charitable Activities Youth & children event subs 2,138 Wedding & funeral fees 670 Church shop income 809 Other event income 235 Miscellaneous other income 506 Totals 4,358 Trading Activities Nursery rental 29,000 159 Victoria Road rent 18,000 Church room hire - Totals 47,000 Other Income Interest etc received 986 Insurance payout 850 Other income 1,326 Totals 3,162 INCOME TOTALS 217,361 |
2023 £ 56,671 12,879 8,561 1,516 55,156 12,708 2,579 125 662 |
|---|---|
| 150,857 | |
| 2,273 154 627 - 1,311 |
|
| 4,365 | |
| 55,786 18,000 660 |
|
| 74,446 | |
| 471 - 852 |
|
| 1,323 | |
| 230,991 |
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St James's Church, New Barnet
Financial Report for 2024
| EXPENDITURE 2024 note £ Charitable Giving Church charitable giving 1,000 Other charities collections 924 Hardship fund payments 1,021 Totals 2,945 Service Costs Service costs 1,447 Refreshments 1,241 PA & music 1,644 Totals 4,332 Church Ministry Parish Share 74,205 Discipleship events and groups 361 Youth groups and events 526 Community projects including Jim's 644 Outreach events 1,158 Hospitality 436 Vicar's expenses 1,698 Conferences & training 349 Publicity 38 Gifts to church members 519 Cost of shop goods 360 Totals 80,294 Employee Costs 2,7 Salaries 48,140 Pensions and National Insurance 1,297 Totals 49,437 Fabric Repairs & maintenance 24,226 Health & safety & security 2,794 Church cleaning 84 Church insurance 2,951 Energy and water 13,477 Totals 43,532 Administration Photocopier expenses 984 IT & software 777 Other office costs 1,243 Bank fees etc 547 Bookkeeping and other expenses 4,221 Totals 7,772 Fundraising Costs 159 Victoria Road insurance & maintenance 2,423 Bad debt expense 13,300 Totals 15,723 EXPENDITURE TOTALS 204,035 SURPLUS / (DEFICIT) 13,326 |
2023 £ 1,340 582 7,357 |
|---|---|
| 9,279 | |
| 664 2,339 3,143 |
|
| 6,146 | |
| 72,038 269 933 4,811 1,112 352 401 682 51 583 958 |
|
| 82,190 | |
| 47,615 1,186 |
|
| 48,801 | |
| 35,664 3,564 90 2,875 15,550 |
|
| 57,743 | |
| 2,125 793 3,415 459 1,301 |
|
| 8,093 | |
| 925 (3,050) |
|
| (2,125) | |
| 210,127 | |
| 20,864 |
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St James's Church, New Barnet
Financial Report for 2024
Notes to the Accounts
1. Accounting Policies
a) Basis of Accounting
The accounts have been prepared under the historical cost convention, and 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; the Financial reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102); the Charities Act 2011; and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity constitutes a public benefit entity as defined by FRS102.
b) Recognition of income
Income is included in the Statement of Financial Activities when the charity becomes entitled to the resources, it is more likely than not that the charity will receive the resources and the monetary value can be measured with sufficient reliability.
c) Incoming resources
Donations and grants are included in the accounts when the general income criteria are met. When donors specify they are to be used for a future accounting period they are treated as deferred income. Contributions, fees and tax recoverable from the Inland Revenue under the Gift Aid scheme are recognised on an accruals basis when there is a valid declaration from the donor.
d) Resources Expended
Expenditure is accounted for on an accruals basis, inclusive of VAT, which cannot be recovered.
e) Capitalisation and Depreciation
All fixed assets are initially recorded at cost.
Tangible fixed assets costing more than £2,500 are capitalised in the accounts.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office Equipment – computers 50% straight line, other equipment 25% straight line.
Property – the property is not depreciated as the PCC believes the current market value of the property is significantly higher than the valuation in the accounts.
f) Stocks
Stocks held for resale are measured at the lower of cost or net realisable value.
g) Pensions
St. James's PCC contributes to a defined contribution pension scheme on behalf of employees, the cost of which is disclosed in the detailed income and expenditure account.
h) Funds accounting
Funds held by the charity are:
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Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
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Unrestricted designated funds – these are funds which the PCC has designated for specific purposes, as set out in note 5.
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Restricted funds – these are funds which can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The nature and purpose of each fund is explained further in the notes to the accounts.
2. Staff Costs
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a) Employment costs are as specified in the detailed income and expenditure.
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b) 5 people were employed by the charity during the year of which 4 were part-time and the other was full-time (2023: 5 people of which 4 were part-time and the other was full time).
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c) No employee earned more than £60,000 during the year (2023: nil).
3. Fixed Assets
The only fixed asset is an investment property in Victoria Road. No depreciation has been applied to this property because the PCC believes the current market value of the property is significantly higher than the current valuation. This valuation was made several years ago.
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St James's Church, New Barnet
Financial Report for 2024
4. Restricted Funds
| Youth & Children’s work fund Special collections Jim’s café fund Hardship fund Community projects Other |
1 Jan 2024 £ 19,880 54 3,633 1,201 116 (12,296) 12,588 |
Income £ 27,651 1,255 6,173 4,090 3,208 31,589 73,966 |
Expenditure £ 23,704 974 5,853 764 1,398 12,553 45,246 |
Transfers between funds £ - - (1,700) 1,700 - - - |
31 Dec 2024 £ 23,827 335 2,253 6,227 1,926 6,740 |
|---|---|---|---|---|---|
41,308 |
The youth and children’s work fund consists of grants and donations given to pay for the youth and children’s work at St James's. This fund contains some donations to be used for any costs relating to youth and children's work and some for specific elements of youth and children’s work.
The special collections fund consists of special collections the church ran for other charities or mission activities. These funds can only be spent on the purpose each collection was advertised as being for.
The Jim's café fund consists of donations for the costs of the social action café run by St James's called Jim's café.
The hardship fund consists of donations to be given to members of the congregation, Jim’s clients, or others known to the church, who are in particular financial hardship or have a particular financial crisis.
The community projects fund consists of donations to community projects such as the St James’s Community Garden held at the Vicarage and Night Shelter.
The other restricted fund is for other donations given for specific reasons such as utility costs, equipment for church, etc. The brought forward balance is negative because one large grant was received for various different pieces of maintenance work and each part of the grant was only received after the invoice had been paid by St James’s. Therefore several large invoices were paid by St James’s late in 2023 and the grant income for them wasn’t received until 2024.
In 2024 the transfer between funds was moving a specific grant out of the Jim’s Fund and into the Hardship Fund as it was decided that, although the grant funding was obtained through Jim’s, the hardship fund more accurately describes its restricted purpose.
5. Unrestricted Funds
| Free reserves Designated charitable fund Designated fabric fund Designated music & PA fund Designated salaries fund Designated building reserve |
1 Jan 2024 £ 35,373 5,435 11,000 2,000 20,000 160,000 233,808 |
Income £ 143,395 - - - - - 143,395 |
Expenditure £ 157,789 1,000 - - - - 158,789 |
Transfers between funds £ 14,000 2,000 (1,000) - (15,000) - - |
31 Dec 2024 £ 34,979 6,435 10,000 2,000 5,000 160,000 |
|---|---|---|---|---|---|
218,414 |
The designated charitable fund is reserves which the PCC has decided to donate to other charities as charitable giving.
The designated fabric fund is reserves designated by the PCC to support larger maintenance projects, particularly as a result of the Quinquennial.
The designated music & PA fund is to support enhancements to the sound system, music and AV systems.
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St James's Church, New Barnet
Financial Report for 2024
The designated salaries fund is to support salaries to enable key areas of mission to continue during a period of growth in Jim’s and anticipated financial hardship in the country.
The designated buildings reserve is the total of the charity’s reserves which are tied up in the church’s property in Victoria Road. Therefore, these reserves can’t be spent unless the property is sold.
6. Analysis of Net Assets (between restricted and unrestricted funds)
| Restricted Unrestricted: Free reserves Designated fund – buildings reserve Designated fund – charitable giving reserve Designated fund – music & PA fund Designated fund – fabric reserve Designated fund – salaries reserve |
Tangible fixed assets £ - - 160,000 - - - 160,000 |
Other net assets £ 41,308 34,979 - 6,435 2,000 10,000 5,000 99,722 |
Total £ 41,308 34,979 160,000 6,435 2,000 10,000 5,000 |
|---|---|---|---|
| 259,722 |
7. Transactions with Trustees and Related parties
Trustees’ Remuneration & Benefits: None of the trustees have been paid any remuneration or received any other benefits from being employed as a trustee with the charity or a related entity. Two trustees, Paul Robinson and Zoe Jones, received a salary from St James’s in 2023 or 2024 for their jobs as Family & Youth Worker for St James’s and Bookkeeper respectively. For Paul Robinson in 2024 this salary was £24,847 with employer pension contributions of £930 (2023: salary of £23,663 with employer pension contributions of £871). For Zoe Jones in 2024 this salary was £nil with employer pension contributions of £nil (2023: salary of £2,351 with employer pension contributions of £nil). Paul Robinson and Zoe Jones received no remuneration for being a trustee. Paul Robinson and Zoe Jones also excused themselves from any discussions or votes relating to salaries or employment policies at PCC meetings while they were employed by St James’s. Zoe Jones’s employment with St James’s ended in October 2023.
Trustees’ Expenses: The Rev Canon Laura Hewitt was paid expenses of £1,698 (2023 - £635), made up of training (£101; 2023: £100) and travel and accommodation (£1,597; 2023: £301). Trustee and employee Paul Robinson was paid expenses of £nil (2023: £263) for training. These expenses were all wholly related to their duties as Vicar and Family & Youth Worker of St James’s Church.
The Rev Canon Laura Hewitt was paid an interest free loan of £2,995 in 2023 for a car to allow her to perform her duties as Vicar at St James’s Church. However, she repaid this loan in full within 3 months so the benefit of interest saved would have been trivial.
Transactions with Related Parties:
In 2023 and 2024 St James’s shared the Vicar, Rev Canon Laura Hewitt, and the Curate, Rev Jenny Robinson, with the Church of Holy Trinity, Lyonsdown. Therefore, some costs were incurred by St James’s for Holy Trinity and vice versa. Any costs incurred by one church for the other church are reimbursed in a lump sum once a year. At 31 December 2023 the total owed to St James’s by Holy Trinity was £3,239 (2023: £4,238).
St James’s received a grant from New Barnet Parochial Schools Trust (NBPST) totalling £26,861 (in 2023 3 grants were received totalling £24,300). Rev Canon Laura Hewitt was a trustee of St James’s and of NBPST in 2024. However, she was not on the delegated committee who reviews applications for grants to the NBPST and she did not vote on any grant application made by St James’s.
The PCC is not aware of any other related party transactions in 2024 or 2023.
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St James's Church, New Barnet
Financial Report for 2024
8. Income and expenditure
Grants received
Below is a summary of the grants received.
| Below is a summary of the grants received. | |||
|---|---|---|---|
| Grant restriction | Restricted fund | 2024 Total | 2023 Total |
| £ | £ | ||
| Community Garden | Community projects | - | 3,660 |
| Winter Festivals | Community projects | 600 | - |
| Warm Hub | Community projects | 2,250 | - |
| Jim's Manager's | Jim's | 5,733 | 5,043 |
| Jim's Cafe – other | Jim's | 100 | 2,300 |
| Hardship fund | Hardship fund | 3,000 | - |
| Family and Youth worker | Youth work | 26,861 | 22,000 |
| Youth-related events and groups | Youth work | - | 250 |
| Redecoration of downstairs rooms | Other | 14,168 | 9,050 |
| Upgrade of church lights | Other | - | 8,420 |
| Upgrade of church alarm | Other | - | 2,333 |
| Kitchen equipment | Other | - | 2,100 |
| Disabled toilet refurbishment | Other | 750 | - |
| Roof skylight repair | Other | 10,440 | - |
| 63,902 | 55,156 |
Grant funders included City Church Fund, Hadley Trust, New Barnet Parochial Schools Trust and The Benefact Trust. We are very grateful to these and all other grant funders.
Other donations
Other donations in 2024 contained £7,617 (2023: £12,479) of restricted donations including £1,090 for the hardship fund (2023: £6,354) and £5,410 for various pieces of church equipment such as a new sound system (2023: £6,084).
Repairs and maintenance
The 2024 repairs and maintenance total included £18,828 of costs to repair a roof skylight, £10,440 of which was covered by grant funding.
9. Fees for Examination of the Accounts
The fee for the Independent Examiner has not yet been finalised for the examination of the 2024 accounts but an accrual of £250 has been set up for this fee (2023: £250).
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St James's Church, New Barnet
Financial Report for 2024
Independent Examiner’s Report
Report to the Parochial Church Council of the Ecclesiastical Parish of St James New Barnet. Charity Number 1150299
I report to the trustees on my examination of the accounts of the above charity (“the PCC”) for the year ended 31 December 2024, set out on pages 5 to 12.
Responsibilities and Basis of Report
As the charity's trustees, you, are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the PCC’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do 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 confirm that I 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.
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