BERRYMEAD EVANGELICAL CHURCH
ANNUAL REPORT AND ACCOUNTS
FOR 2022
BERRYMEAD EVANGELICAL CHURCH ANNUAL REPORT FOR 2022 Berrymead Hall is registered with the Chanty Commission. as Berrymead Evangelical Church, under Charity number 1160382. Our goveming document is a Trust Deed dated 7 November 2014. We currently have eight trustees. These are Hemanth Burgula, Peter Emest Dean, Donovan Julies, Sidney Terence Parker. Joanne Oluwafikayo Showunmi. Joseph Olufemi Showunrni. and Rosemary Sylvester. The Managing Trustees during 2022 were Hemanth Burgula, Sidney Parker, Joseph Showunmi and Peter Dean. Our address is Berrymead Hall. Avenue Road, Acton, London, W3 8NL. The Church s bank8ts ar8 TS8 Bank pt. Thé Church's XUnt8nts am Dawil Smrth & Co.. 7 Gll>S Gankns. L<. SWIWOAF. The Church s Custodian Trustees chu Gro fwst, l ManorF8m7 Barns. Bw'nes Lane, Oakham. Rutland, LE15 9HP. The objects of the Church for the public benefft are to adVae the Christs8n faith, in accordance with the Statement of Beliefs and Practices set out on page 4, in Acion. London. and in such other P8rts of the United lQngdom or the Xtd as the Trustees may from time to time think fft. Commentary on the year This has been a year during which we have sought to move more to meeting in person, rather than online. We have also tried to offer an online option, whenever possible. However, the number of people attending our main weekly gathering (our Family Seprfice), in person, is often less than twenty! We also meet in person for our Tuesday Coffee Momings and our children's Thursday Club. Our Tuesday evening Bible studies and our Saturday moming prayer meetings were held online throughout the year. We also have had to deal with a lot of serious illness amongst our members. In sprte of this have exporiencad a lot of oncouragwn•nt and enjoy good relab'onships among us. A Famity Servlce was held each Sunday in 2022. A joint Serv with Acton Baplist Church, and the House of Transformation, was held in January. A further joint servi( With Acton Baptist Church took place in October. (These joinl services Iwk place at Acton Baptist Church's premises.) Outside speakers We able to preach in person at our Family Services. Our children's Sunday Bible Club, held during the Family Service. was held only a few times during the year. During 2022, our commemoration of the Lord's Death In the Breaklng of Bread was held every Sunday at Berymead Hall. Sadly. On again, there Vépre no baptisms during the year. We have been able to hold our Tuesday Coffee Mornings during the second half of 2022. Prayer meetings were held online every Saturday moming during the year. On Tuesday evenings we met online for Bible study each week, during tenn-b"me. throughout the year. The Thursday Club (for children aged between 6 to 11 years) was held, at the thurch premises, for most of 2022. Page I
BERRYMEAD EVANGELICAL CHURCH ANNUAL REPORT FOR 2022 (CONT) Commentary on the year (¢onf ) The Good News paper was delivered eaL rnonth. to a blcK of fiats on the South ALon estate, vo blocks of flats on the Acton Gardens estste a1 to Berrymead Gards. Church Membern. sftey Parker, one of our elders, suffered a massive stroke in 2018. He o)ntinues to live in his own home. 7 his liv&in (arerfs help. he is able to tske part in our online meetings. Sid values this pnvilege very highly. Two of our longest-serrfing mernbers. Enid Harris and Nancy Muir, fell asleep in Jesus during 2022. Between the two of them they served the LORD for ell over 8 century. Speclal Events We able to go to Long Crendon for an Awyday in Apn"l. held Carols by Candlellght in our church building in December. World mlsslon. <xJntinue to pray for. and give financial support to. missionary work in Belgium, Brazil, Bu.na Faso, Eojador, France. India, the Muslim and Thailand. Flnan¢e Our members continue to give their offerings. via bank transfer, instead of in cash. The LORD has blessed us through their generosty. We have been able to give more than £47,000 to support missionaries and charities, during 2022. Gen•ral Fund.. Income for the year was £4.317 less than in 2021. Expenditure was £6,288 more than that for the previous year. At the yearfs erMI there was a surplus (before transfers to Restricted Funds) of £10.868. Transfers from the Fund were required to meet deficits on the Christian Aid Fund (£500). the Mano y Mano Fund (£16), the Missionary Fund (£17,132). and TEAR Fund {£9.825). The balance in hand 8t the end of the year dthawj by £16.605 to £16,488. Restricted Funds.. Gifts from the Missionary Fund totalled £18,820. We gave £11,000 to TEAR Fund during the year to help people in Mozambique, Pakistan. arKI the Ukraine. Total balances remaining on the restn'cted funds totalled £3.044 at the end of the year. Accounts Both income and expenditure are shown in the accounts on an acclS basis. aim to retain an accumulated eXs$ of Income over Expendrture. We believe in using the rnonies the LORD provides and do not usually expect to accumulate large reserves. consKler that the Accounts are exempt from an audit. on again. we are very grateful to Davbd Smith (from Oean Hall, Ealing), for undertaking to be our rewb'ng ac£ountant. receive no remuneration or personal payments for acting as Trustees.
BERRYMEAD EVANGELICAL CHURCH ANNUAL REPORT FOR 2022 (CONT) Premises We had work carried out of the church roof and are continuing to monitor some cracks in the brickwork on two sides of our church building. W8 plan to have the main hall and bapb'stry, and the exterior of ttr building, redeo)rated during 2023 Co-operatlon wlth other local churches mentioned above, shared services wih Adon Bapts"st Churth and The House of Transformation. Summary God has gr8ciousty kept us closely together through¢xrt this year. We realize that being together. in person, is very muth better than meeting onlinel now have to leam how to love one another more deeply, and practicalty. and io share GLXI'S thJI g(xJJ news with the people in our communrty. Sidney Parker (Elder) J09eph Showunmi (Eldèr) ¢r•¢ Hemanth urgula (Elder) Peter Dean (Elder) 26 Febry 2023 PryeJ
BERRYMEAD EVANGELICAL CHURCH ANNUAL REPORT FOR 2022 {CONr) DOCTRINES We believe in: 1. The Divine Inspirats'on. Authurty and suffie of the Holy Suiptures 2. The Unity of the Godhead with the dists'nction of Persons in that Unity. namely the Father, and the Son, and the Holy Spirit, to whom equal honour is due 3. (a) That the Son of God truty became m8n, being begotten of the Hoty Ghosl, and bwi of the Virgin Mary 3. (b) That His death was a sacrifice to GCMJ and a propiti'ati for the remission of sins 3. (c) Th8t He was raised from the dead 3. (d) That He ascAnded to right harKI of Gc#J, and is now the a11-suffinI High Priest of His people 3. (e) That He will come again to receive them unto Himself and to sei up His Kingdom 1. That in consequence of the fall of Adam. man became 'kJsf "without strength" and at "enmity against God" 2. The need of the Holy Srit's woth in ffjgenerakn and sanctificatK)n 3. (a) That the justffication of the sinner before God is by faith al 6. (b) That every justffied one is also b7 of God . (c) That such new birth results in and ig made evident by ho11rS of life and good 4. (8) That at death the sprit of rn8n does not cease lo exist, or beo)me unconscious 5. {b) That the dead will be raised erthef to life or to condemnation,. and that the blessedness of the righteous arKI the punishment of the unrighteous will be alike etemal PRACTICES 1.The customary observance of the Ordinan of Believerfs Baptism by immersion on personal confession of farth, and the commemoration of the Lords Death in Breaki of Bread on the first day of the week in so far as circumstances allow. 2. The reptIOn at the Lorrfs table of all believers known to be sound in faith and wlly in life. 3. The conducting of meetings for *rKship under the guidance of the Holy Spirit, with opportunity for the exercise in the assembly of all Irue gffts for edrftK>n, subject to the Lordship of Christ. Pay4
BERRYMEAD EVANGELICAL CHURCH Independent Examinefs Report to the Membern of Berrymead Evangelical Church I report on the accounts of the charity for the year ended 31" Decemtr 2022, which a set out on pages 6 to 15. Respective responsibilities of the Managlng Trustees and the Examiner The charity's Managing Trustees are responsible for ts preparation of the aca)unts. They consider that an audit is not reqUId for this year under seclion 144(2) of Iho Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibilty to: examine the accounts under seCn 145 of the 2011 Ad,. follow the procedures laid down in the general 'rectionS given by the Charity Commission under section 145(5)(b) of the 2011 Ac(. and state wthether particular matters have CA)me to my attention. Basls of Independent examinefs report My examination was camed out in accordance the gewal Directions giEn by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented ¥th those records. It also indudes CA)nsideration of any unusual items or disclosures in the accounts. and seeking explanatK)ns from you as trustees conceming any such matters. The prwlures undertaken do not provide all the wiidence that would be required in an audit arKI consequently no opinion is given as to whether the accounts present a 'true and fair vi& and the report is limrted to th08e matters set (xrt in the ststement below. Independent examlnorfs statemont In connection V4ith my examination, matter has Lx)me to my attent. which gives me reasonable use to believe that, in any malerial respect, the requirements: to keep accounting records in ac(X>rdanc ryth section 130 of the 2011 Act.. and to prepare accounts which ac(x)rd with the anting rdS and comply with the 8ccounting requiremenis of the 2011 Act have not been mei; or to wthich. in my opinion, attention should be drawn in (Yder to enable 8 proper understanding of the accounts to be reached. Davld C Smlth FCA of David Smith & Co, Chartwed Aox)uniants 7 Grosvenor Gardens LONDON SW1W OAF 6 April 2023 Page 5
BERRYMEAD EVANGELICAL CHURCH ANNUAL REPORT FOR 2022 (CONT) ACCOUNTING POLICIES The financial statements, incorporating a Statement of Financial Affairs, have been prepared in accordance with the Statement of Accounting Practi (SORP FRS 102) 'Accounting and Reporting by Charities-. issued in 2000 by the Chanty commiOnerS for England and Wales, and with applicable Accounting Standards. The parti(JJlar aco)unts'ng policies adopted by the Elders are described belchv: 1. ACCOUNTING CONVENTION The financial ststements have been prepared under the htstorical a)st convention. 2. RESOURCES EXPENDED Dirnct Charitable Expendlturn Includes all experKliture dir&xiy related to the objeS of the Church Other expendlture This is analysed under the following tvA) sulFheadings. as required by the SORP Income Goneratlon and Promotion Costs incurred in publicrty Management and administration of the Church Expendrture incurred in the management of the Churth's assets, organisational administration and compliance with constitutional arKI statutory requirements. Pago 6
BERRYMEAD EVANGELICAL CHURCH
ACCOUNTS FOR 2022
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 General Funds |
2022 Restricted Funds |
2022 Total Funds |
2021 Total Funds |
|
|---|---|---|---|---|
| INCOME AND EXPENDITURE INCOMING RESOURCES Offerings, gifts, legacies and grants Bank interest Total incoming resources RESOURCES EXPENDED Direct charitable expenditure Gospel and Ministry Gifts Upkeep of premises Equipment and flooring Other expenditure Management and administration of the charity Total resources expended Net incoming resources (resources expended) before transfers Transfers Net movement in Funds Fund balances brought forward at 1 January 2022 Fund balances carried forward at 31 December 2022 |
£ 34,837 42 |
£ 5,567 - |
£ 40,404 42 |
£ 44,572 22 |
| 34,879 | 5,567 | 40,446 | 44,594 | |
| 3,203 14,948 5,433 289 |
- 32,201 830 - |
3,203 47,149 6,263 289 |
2,608 33,724 1,670 284 |
|
| 23,873 | 33,031 | 56,904 | 38,286 | |
| 138 | - | 138 | 138 | |
| 138 | - | 138 | 138 | |
| 24,011 | 33,031 | 57,042 | 38,424 | |
| 10,868 0 |
27,464 0 |
16,596 - |
6,170 - |
|
| 10,868 0 |
27,464 0 |
16,596 0 |
6,170 29,958 |
|
| 10,868 | 27,464 | 16,596 | 36,128 |
Page 7
BERRYMEAD EVANGELICAL CHURCH ACCOUNTS FOR 2022 (CONT) BALANCE SHEET AS AT 31 DECEMBER 2022 TrM6 Ye Last Year Insurance and olher prervmums and Inv(xees pad m advane4 Debtors Balances at banks m depost and rrent 488 38 35,925 36.451 19.63 20.09 Creditors 32 19,53 36,128 Ganeral Fund 16. 33,093 Building Fund Equipment and Fumiture Fund Gap (Thel Fund TEAR Fund WJQ Fund 418 1.97 1,61 252 357 3.03 35 Tol81 Funds 19,53 36,128 Approvéd by the Managng Trusteès on 26 Felyuary 2023 H&nanlh Burg Si(kney Pwker Joseph ShowvMM Page 8
BERRYMEAD EVANGELICAL CHURCH
ACCOUNTS FOR 2022 (CONT')
INCOME & EXPENDITURE FOR THE YEAR
| UNRESTRICTED FUNDS General Fund Income Offerings and gifts Bank interest Expenditure Gospel and ministry Catering Ealing CommunityTransport Copyright licence Telephone and broadband Good News newspaper Annual donation to Evangelical Alliance Hire of rooms Speakers expenses Computer applications Thirty-eight eleven (was CCPAS) Banners Web site Subscription to Partnership Subscription to Acton Churches Together Communion wine and disposable glasses Advertising Publications Gifts Gifts to UK workers and missions Gift to Acton Homeless Concern Gift to Ealing Foodbank Gift to the Living Room Gift to Ealing Churches Winter Night Shelter Gift to Christians against poverty Gift to Ascension Trust Miscellaneous gifts Oxygen concentrators for India Flowers and floral tributes Upkeep of premises Roof repairs Heat, light and water Cleaning and cleaning materials Church Growth Trust administration fee |
This Year | Last Year | |
|---|---|---|---|
| £ 34,837 42 |
£ 39,174 22 |
||
| 34,879 | 39,196 | ||
| 541 408 396 375 272 250 160 150 135 129 113 92 60 50 34 26 12 |
138 121 288 407 231 750 75 50 173 141 - 67 50 50 67 - - |
||
| 3,203 | 2,608 | ||
| 4,048 2,000 2,000 2,000 2,000 2,000 500 400 - - |
5,650 1,000 1,000 1,000 500 500 - 549 3,600 6 |
||
| 14,948 | 13,805 | ||
| 4,000 1,167 146 120 |
- 768 - 120 |
||
| 5,433 | 888 |
Page 9
BERRYMEAD EVANGELICAL CHURCH
ACCOUNTS FOR 2022 (CONT')
INCOME & EXPENDITURE FOR THE YEAR (CONT')
| This Year | Last Year | ||
|---|---|---|---|
| UNRESTRICTED FUNDS (CONT') General Fund- Expenditure (cont') Equipment Central heating service Insurance - contents of Hall etc Insurance – Loss Recovery Insurance - All Risks Pedal bins Catering equipment Management and administration of the charity Reporting Accountants' fee Total expenditure for year Surplus/(deficit) for year before transfers Deduct: Transfers to Restricted Funds Building Fund Missionary Fund Christian Aid Fund Mano y Mano Fund TEAR Fund Surplus/(deficit) for year after transfers Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
£ 120 67 55 40 - 7 |
£ 115 64 55 38 12 - |
|
| 289 | 284 | ||
| 138 | 138 | ||
| 138 | 138 | ||
| 24,011 | 17,723 | ||
| 10,868 - 17,132 500 16 9,825 |
21,473 - 15,798 500 75 - |
||
| 27,473 | 16,373 | ||
| 16,605 33,093 |
5,100 27,993 |
||
| 16,488 | 33,093 |
Page 10
BERRYMEAD EVANGELICAL CHURCH
ACCOUNTS FOR 2022 (CONT')
INCOME & EXPENDITURE FOR THE YEAR (CONT')
| INCOME & EXPENDITURE FOR THE YEAR(CONT') | |||
|---|---|---|---|
| This Year | Last Year | ||
| RESTRICTED FUNDS BUILDING FUND Income Offerings and gifts Expenditure Roof repairs Insurance of building Surplus/(deficit) for year Transfer from General Fund Surplus/(deficit) for year after transfer Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
£ 1,442 |
£ 1,200 |
|
| - 830 |
- 782 |
||
| 830 | 782 | ||
| 612 - |
418 - |
||
| 612 418 |
418 - |
||
| 1,030 | 418 | ||
| CHRISTIAN AID FUND Income Offerings and gifts Expenditure Gifts to Christian Aid Surplus/(deficit) for year Transfer from General Fund Surplus/(deficit) for year after transfer Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
- | - | |
| 500 | 500 | ||
| 500 500 |
500 500 |
||
| - - |
- - |
||
| - | - | ||
| EQUIPMENT & FURNITURE FUND Income Offerings and gifts Expenditure HP Pavilion laptop computer Surplus/(deficit) for year Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
499 | 400 | |
| 850 | - | ||
| 351 1,970 |
400 1,570 |
||
| 1,619 | 1,970 | ||
Page 11
BERRYMEAD EVANGELICAL CHURCH
ACCOUNTS FOR 2022 (CONT')
INCOME & EXPENDITURE FOR THE YEAR (CONT')
| This Year | Last Year | |||
|---|---|---|---|---|
| RESTRICTED FUNDS (CONT’) GAP (THE) FUND Income Expenditure Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
£ - |
£ - |
||
| - | - | |||
| 38 | 38 | |||
| 38 | 38 | |||
| MANO Y MANO FUND Income Gifts Expenditure Gifts to Mano y Mano Surplus/(deficit) for year Transfer from General Fund Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
1,015 | 956 | ||
| 1,031 | 1,031 | |||
| 16 16 |
75 75 |
|||
| - - |
- - |
|||
| - | - | |||
| MISSIONARY FUND Income Offerings and gifts Expenditure Gifts to missionaries Gifts to missionary organisations Surplus/(deficit) for year Transfer from General Fund Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
See Note 4 |
1,688 | 1,590 | |
| 14,400 4,420 |
13,300 4,088 |
|||
| 18,820 | 17,388 | |||
| 17,132 17,132 |
15,798 15,798 |
|||
| - - |
- - |
|||
| - | - | |||
Page 12
BERRYMEAD EVANGELICAL CHURCH
ACCOUNTS FOR 2022 (CONT')
INCOME & EXPENDITURE FOR THE YEAR (CONT')
| This Year | Last Year | ||
|---|---|---|---|
| RESTRICTED FUNDS (CONT’) TEAR FUND Income Offerings and gifts Expenditure Gifts to TEAR Fund Surplus/(Deficit) for year Transfer from General Fund Surplus/(deficit) for year after transfer Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
£ 923 |
£ 1,252 |
|
| 11,000 | 1,000 | ||
| 10,077 9,825 |
252 - |
||
| 252 252 |
252 - |
||
| - | 252 | ||
| W3@ FUND Income Expenditure Fund balance brought forward at 1 January 2022 Fund balance carried forward at 31 December 2022 |
- | - | |
| - | - | ||
| 357 | 357 | ||
| 357 | 357 | ||
| SUMMARY OF MOVEMENTS ON RESTRICTED FUNDS Income Building Fund Christian Aid Fund Equipment and Furniture Fund Mano y Mano Fund Missionary Fund TEAR Fund Expenditure Building Fund Christian Aid Fund Equipment and Furniture Fund Mano y Mano Fund Missionary Fund TEAR Fund |
1,442 - 499 1,015 1,688 923 |
1,200 - 400 956 1,590 1,252 |
|
| 5,567 | 5,398 | ||
| 830 500 850 1,031 18,820 11,000 |
782 500 - 1,031 17,388 1,000 |
||
| 33,031 | 20,701 |
Page 13
BERRYMEAD EVANGELICAL CHURCH
ACCOUNTS FOR 2022 (CONT')
INCOME & EXPENDITURE FOR THE YEAR (CONT')
| This Year | Last Year | ||
|---|---|---|---|
| RESTRICTED FUNDS (CONT’) Transfers from Unrestricted Funds Christian Aid Fund Mano y Mano Fund Missionary Fund TEAR Fund Funds balances brought forward at 1 January 2022 Building Fund Equipment and Furniture Fund Gap (The) Fund Mano y Mano Fund TEAR Fund W3@ Fund Fund balances carried forward at 31 December 2022 Building Fund Equipment and Furniture Fund Gap (The) Fund TEAR Fund W3@ Fund Overall Summary- Restricted Funds Income Expenditure Surplus/(Deficit) before transfers from unrestricted funds Transfers from unrestricted funds Surplus/(Deficit) after transfers from unrestricted funds Funds balances brought forward at 1 January 2022 Funds balances carried forward at 31 December 2022 |
£ 500 16 17,132 9,825 |
£ 500 75 15,798 - |
|
| 27,473 | 16,373 | ||
| 418 1,970 38 - 252 357 |
- 1,570 38 - - 357 |
||
| 3,035 | 1,965 | ||
| 1,030 1,619 38 - 357 |
418 1,970 38 252 357 |
||
| 3,044 | 3,035 | ||
| 5,567 33,031 |
5,398 20,701 |
||
| 27,464 27,473 |
15,303 16,373 |
||
| 9 3,035 |
1,070 1,965 |
||
| 3,044 | 3,035 | ||
Page 14
BERRYMEAD EVANGELICAL CHURCH
ACCOUNTS FOR 2022 (CONT')
INCOME & EXPENDITURE FOR THE YEAR (CONT')
NOTES TO THE ACCOUNTS
-
1 . The Church is a charity and is not liable to United Kingdom income tax.
-
Restricted Funds are funds which are subject to specific trusts. The income for each of these has come from donations. Expenditure from these funds must comply with the terms of the relevant trusts. The funds are for the following purposes:
The Gap Fund and the W3@ Fund are for children's and youth activities.
-
Building Fund is for the upkeep of church premises.
-
Equipment and Furniture Fund is for the purchase (or hire) of equipment and furniture.
-
Christian Aid Fund, Mano y Mano Fund and TEAR Fund are for gifts to be given to these charities.
-
Income for the year included £1,665 in respect of tax recovered under the Gift Aid scheme. (In 2021 the equivalent figure was £1,690.)
-
Gifts to missionaries were to Gina & Jimmy Aitkenhead (Arab World), Andrew & Jan Bovey (Thailand), Eunice Burden (Thailand), Ana & Dave Garlick (Ecuador), Alison & Peter Kennelly (France), Marcondes & Ruth Marques (Brazil), Jeremy Nash (Burkina Faso), Bob & Lenore Souza (France), John & Claire Tang (Belgium).
Page 15
BERRYMEAD EVANGELICAL CHURCH Independent Examinefs Report to the Membern of Berrymead Evangelical Church I report on the accounts of the charity for the year ended 31" Decemtr 2022, which a set out on pages 6 to 15. Respective responsibilities of the Managlng Trustees and the Examiner The charity's Managing Trustees are responsible for ts preparation of the aca)unts. They consider that an audit is not reqUId for this year under seclion 144(2) of Iho Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibilty to: examine the accounts under seCn 145 of the 2011 Ad,. follow the procedures laid down in the general 'rectionS given by the Charity Commission under section 145(5)(b) of the 2011 Ac(. and state wthether particular matters have CA)me to my attention. Basls of Independent examinefs report My examination was camed out in accordance the gewal Directions giEn by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented ¥th those records. It also indudes CA)nsideration of any unusual items or disclosures in the accounts. and seeking explanatK)ns from you as trustees conceming any such matters. The prwlures undertaken do not provide all the wiidence that would be required in an audit arKI consequently no opinion is given as to whether the accounts present a 'true and fair vi& and the report is limrted to th08e matters set (xrt in the ststement below. Independent examlnorfs statemont In connection V4ith my examination, matter has Lx)me to my attent. which gives me reasonable use to believe that, in any malerial respect, the requirements: to keep accounting records in ac(X>rdanc ryth section 130 of the 2011 Act.. and to prepare accounts which ac(x)rd with the anting rdS and comply with the 8ccounting requiremenis of the 2011 Act have not been mei; or to wthich. in my opinion, attention should be drawn in (Yder to enable 8 proper understanding of the accounts to be reached. Davld C Smlth FCA of David Smith & Co, Chartwed Aox)uniants 7 Grosvenor Gardens LONDON SW1W OAF 6 April 2023 Page 5