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2020-12-31-accounts

Trustees Annual Report and Financial Report

Of

The Parochial Church Council of the Ecclesiastical Parish of

St Mary’s Church, Walberton

Church Lane, Walberton, Arundel BN18 0UD

Church Office: Unit G William Booker Yard, The Street, Walberton BN180PF

Registered charity no. 1175197

For the year ended 31st December 2020

CONTENTS

Page

2 Trustees annual report 10 Statement of financial receipts and payments 11 Statement of assets and liabilities

Website: stmaryswalberton.org.uk

The Revd TJC Ward Incumbent: The Vicarage, The Street Walberton Arundel BN18 0PQ Independent Mrs A Bestente examiner: Sunny Bank, Walberton, Arundel BN18 0PT

Bankers: NatWest Bank - Rustington (B) Branch 154 The Street Rustington West Sussex BN16 3ZZ

1

St Mary’s Walberton

Trustees Annual Report for 2020

Our aims and purposes as a charity

The PCC has the responsibility of co-operating with the incumbent, the Rev’d Timothy Ward, in

What we planned to do to achieve our charitable objectives

When planning our activities for the year, our incumbent and the PCC have considered the Charity Commission’s guidance on public benefit, particularly, the specific guidance on “charities for the advancement of religion”.

For 2020 we aimed to begin a new midweek service aimed at families with pre-school children led by one of our members. We planned to reach the new housing development at Avisford Grange and to remodel our kitchen servery to provide more communal space and more storage. We also planned an afterschool club for Shrove Tuesday and for Easter.

We planned to maintain most of the activities that we were already undertaking, seeing them as relevant to the achievement of our charitable objectives. Accordingly:

We enable as many people as possible to worship at our church

We aim to ensure that our church is a safe and welcoming place for all age groups, and for those who have disabilities of some kind. The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to the House of Bishops’ guidance, on safeguarding children and vulnerable adults. A group from HFT Walberton who, as vulnerable adults, do regularly attend the church with carers.

To help the wider community relate to our church in ways that resonate with 21[st] century lifestyles, we have developed a communications strategy. Our aim is that this will encourage people to move from a position of knowing what is going on to becoming a part of the church family. Within that family,

2

the communications strategy, will also build a greater sense of cohesion. Our website and Facebook page are regularly updated with Church news including the promotion of forthcoming events.

We offer services of worship to God

As a village church we seek to provide services at which people from all church traditions, or none, will feel comfortable. On Sunday mornings the usual pattern is for there to be both a service using traditional liturgy, and a less formal service, which appeals particularly to those with young families. Unusually for a village church, we also have a regular formal sung evening service, which attracts around 20 people most weeks.

In 2020 there were 127 people on the Electoral Roll, of whom 41 were nonresident in the parish. The usual Sunday (Median) attendance up to 8 March, including sick communions, is 87 adults and 10 children.

Adults who do not normally feel a need to come and worship nevertheless attend such services, without any possible embarrassment or sense of being outsiders. Non church families often appear and are welcomed at baptisms, which normally take place during an informal service.

“Lively service and friendly congregation”

The church is the hub for formal teaching through sermons, some of which are also available on our website. It also provides a worship opportunity for young people who are involved in the service itself, before separating for structured teaching at Sunday School.

In February we had a special Candlemas service led by Bishop Michael which was well attended.

2020 has, however, seen us face the Covid 19 pandemic, and from March 22 this immensely changed the way we held our services and worship. During the two national lockdowns the services were suspended, and we closed the church for a while. We did, however, continue to open the church for private prayer daily, from 9am to 4pm, in the November lockdown.

We were extremely fortunate to be able to provide an online service, which has proved to be a great success, and has continued throughout the year. This has enabled the community to continue to worship at home, and yet still feel part of the church. Online services regularly attract 58 views each week in October, in addition to the live services.

From July 12 to mid-October, we able to provide worship outside in the churchyard, via a PA system from the church. This was popular with those who came. Most preferred to worship outdoors, feeling connected to creation, and less vulnerable to the virus.

As well as the usual weekly holy communion and evening prayer, we have provided an online Remembrance Sunday, a link to an uplifting song to listen to, and organised a November “Day of Prayer”. A leaflet was available to download for the Day of Prayer which was a guide to prayers for the day and gave suggestions for how, and for whom, prayers may be said during this

3

time. It was a very worthwhile event, for people from other dominations in church, and for the Zoom meeting in the evening.

St Mary’s Church community were first up in the Walbinfont Advent Window Trail and Nancy Thompson created an advent picture for the glass porch door, with the theme of “Christ the light of the world” incorporating the number “1”.

The church Christingle service successfully attracted our young families back to church. A Crib Festival and Nine Lessons and Carols was initially planned to be held in church, but as the situation deteriorated in December, they were held online. There were many cribs donated by families of the church all with a story to tell. An activity pack for the children was available to download. Unfortunately, the Christmas services were cancelled at the last minute, due to the vicar becoming unwell, although a pre-recorded service was provided online.

The weekly parish prayers moved online, and parishioners can pray for the life of the parish, and for all those involved, or affected by, the Covid 19 crisis. This attracts about 15 people.

The church has close links to the Walberton & Binsted Primary School. In early March – Education Sunday Service – was held at the school with a special contribution from the year 5 children. In November, Tim was able to lead a special Remembrance Day service in school, and at Christmas, the Christingle Service was held at the school as well as in church.

We promote the gospel and pray that those outside our current church family may find life in Christ Jesus

In January 2020, an Alpha course commenced, attended by 12 people. It stopped in early March. Alpha is a series of interactive sessions that freely explore the basics of the Christian faith and such courses are open to all. We pray for different streets in our parish each month, and visit as many as possible, before Christmas and Easter.

Three home groups have met face to face, one of which continued online, during the year studying a variety of materials from the bible. The home groups came together to consider how to deepen their prayer life and how to reach out to the community.

As members of the church family, we try to live lives not only pleasing to God, but also as known ambassadors for Godly living within our village community. Members of our church family are to be found in virtually every village group and activity, frequently playing an active role. For example, the church has taken up its right to nominate a trustee to the Village Hall trustee board, and the Community Playcentre at Walberton (CPAWS).

The Vicar and Churchwardens run the parish Sick Poor Fund with three other Trustees.

4

We engage in evangelism and outreach to the parish in various ways

As well as Alpha, the Outreach Action Group (a PCC sub-committee), continued to provide several events open to all members of the community. This year we went carol singing in a small group.

Our welcome brochure is available which provides much useful general information for those moving into the village and is also of value during house to house visiting. Such visiting took place before Christmas in Avisford Grange.

The Parish News continues to be widely distributed (physical copy and then moved to an online version), with many regular subscribers, and advertises church services, and a diary of church and local events.

We provide a building for people to enjoy

Following a successful public appeal, two new benches were installed in the autumn, and the circular tree bench has been particularly admired as being a positive addition to God’s Acre.

The defibrillator is kept in the shed at present for the churchyard working party. To keep the church, open for private prayer during the pandemic, required daily cleaning by clinically non vulnerable people, which meant that it was only practical in November.

We provide tangible pastoral support throughout the parish.

We have sought to alleviate loneliness amongst elderly people by helping to promote the work of another charity – Village Friends. Our Vicar and Wardens are ex officio members of the Sick Poor Fund and help many local families. The Churchwarden and members continued to provide a weekly drop in coffee stop at the beginning of the year, prior to the first national lockdown, which brings together people of all ages, and is always well attended.

Our open youth club fluctuates in numbers but continues to provide a range of interesting activities on a fortnightly basis. This group was suspended since the first lockdown; however, it is fully intended to recommence as soon as safely possible.

We consider the needs of people served by other charities and overseas

We sometimes provide a platform for representatives of specific charities to speak at our morning services, with our loose collections that day, passed on to the charity. As a church we aim annually to donate money to other charities at home, and abroad, with a target based on 10% of our voluntary income, including restricted charitable receipts within the target figure. A section in the Supplementary Report shows our charitable and community giving for 2020.

5

Financial Review

For 2020, the financial report follows the format specified by the Charities Commission (CC16a), for charities with an income of less than £250,000 and using receipts and payments accounting.

The accounts are in three parts.

Part A - The Profit and Loss Account (Receipts and Payments) Part B - The Balance Sheet showing our Assets and Liabilities

Section A - The Profit and Loss Account (Receipts and Payments)

The 2020 accounts show an overall deficit on the year of £4508. The Covid-19 pandemic meant that far fewer cash plate collections were received (overall giving was down by 5% on 2020) and that service fees for weddings and funerals were down by 53% on 2019. Overall, our income was down by nearly £10,000 (around 9%).

The Churchyard Extension fund has a remaining balance of £135 (down from £867 at the end of 2019), due to some much needed repairs to the Church path being carried out. We anticipate this fund will be fully spent in 2021 on some equipment for the churchyard working party.

The Churchyard Benches appeal raised over £3,000 (including a £500 grant from Walberton Parish Council in 2019). The benches themselves were installed at a cost of just over £2,000 leaving a balance of £997 in that fund going into 2021

The Lychgate appeal raised nearly £1,000 in 2019. The repairs commenced in 2020 but not fully completed, with £502 remaining as we moved into 2021.

Part B - Balance Sheet (Statement of Assets & Liabilities)

As in recent years, we have been able to operate the General Fund without the need to utilise funds from the General Reserve account. No transfer has been made to or from the Quinquennial Fund. Interest on the deposit accounts remains very low.

Appendix - Notes on the Accounts

A detailed breakdown is available of receipts and expenditure, including all outward giving from plate collections and from the PCC.

Why we hold some money in reserve

We hold reserves to maintain a balance on the general unrestricted funds (excluding property) which equates to at least two/three months’ worth of unrestricted payments as contingency against unforeseen situations. The closing balance of £618.19 at Nat West at the end of 2020 did not achieve this.

We also hold reserves to invest temporarily surplus funds with the CBF Church of England deposit fund, returning proportionately these funds to our current account, as they are needed, to pay day-to-day bills. At the end of 2020

6

£29,389.23 of unrestricted funds and £16,158.52 of restricted and designated funds was invested in this way.

As well as holding the above general reserves, from time to time the PCC receives restricted legacies for expenditure on restricted purposes, defined by the donor. We aim to expend such money as soon as possible after receiving the legacy, depending on the specific objectives of the donor.

Risk management

The PCC considers the principal risks and uncertainties to be

The PCC seeks to manage these risks by having thorough risk assessments for children’s activities and by making sure volunteers are safely recruited and trained.

The fire risk is managed by having 4 yearly tests and upgrades of our lightning conductor and 5 yearly tests of our electrical system and 3 yearly tests of our portable equipment. We regularly review our Fire Risk Assessment. The financial risk is managed by having enough reserves to manage unforeseen drops in income and by maintaining three services which attract a wide range of parishioners. We have also invested in our website and Churchsuite to enable us to communicate with those inside and outside the church which will become increasingly important as new houses are built near the village centre.

Structure governance and management of the charity

Since 17[th] October 2017, the Parochial Church Council has been registered with the Charity Commission (Reg no 1175197) as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.

The PCC is supported by a Standing Committee and oversees the work of two sub committees. namely the Outreach Action Group and the Pastoral Action Group. The PCC met on 9 occasions during the year.

During the year, the following served as members of the Parochial Church Council:

Ex Officio members

Incumbent: The Revd. Timothy Ward Licensed Reader: Mrs Julie Allday Wardens: Mrs Jean Strickland

7

Mr Kevin Durban Jackson to 22 October 2020

from 22 October 2020

Mr Steven Phillips

Elected Membership: Mr Kevin Durban Jackson from 22 October 2020

Mr Andrew Blumer Mr Peter Brown

Mr Steven Phillips to 22 October 2020 Mrs Sue Cox to 22 October 2020 Mr Tom Evans Hon Treasurer

Mr Tom Evans Hon Treasurer Mrs Gaye Reynolds Mr Roland Brackley to 18 May 2020

Mr Graham Thrussell

Mrs Esther Langrish from 22 October 2020 Mr Bernard Lane from 22 October 2020

Mr Chris Doman from 2 November 2020

Deanery Synod:

Mrs Susan Martineau from 22 October 2020 Mrs Julie Allday from 22 October 2020

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent/priest in charge, curate, readers licensed to officiate in the parish), the churchwardens and members of the Deanery, Diocesan or General Synods and 9 members of the church who are elected at the Annual Parochial Church Meeting (APCM) and serve for three years. Church members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible.

This Trustees’ Annual Report was approved by the PCC and signed on their behalf by The Revd. Timothy Ward, PCC Chairman

Date 14 May 2021

8

Annual Financial Report

of

The Parochial Church Council of the Ecclesiastical Parish of

St Mary’s Church, Walberton

Church Lane, Walberton, Arundel BN18 0UD

Church Office: Unit G William Booker Yard, The Street, Walberton BN180PF

Registered charity no. 1175197

For the year ended 31st December 2020

CONTENTS

Page

Statement of financial receipts 10 and payments 11 Statement of assets and liabilities 12 Notes to the accounts

Report of the independent 17 examiner

9

THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY'S WALBERTON DIOCESE OF CHICHESTER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2020

Notes
INCOMING RESOURCES
Donations & Legacies
2a
Activities for Generating Funds
2b
Investment Income
2c
Charitable Activities
2d
Other Incoming Resources
2e
TOTAL INCOMING RESOURCES
RESOURCES USED
Cost of Charitable Activities
3a
Activities for Generating Funds
3b
Governance Costs
3c
TOTAL RESOURCES USED
NET INCOMING RESOURCES
NET MOVEMENT IN FUNDS
Balances Brought Forward
Transfer Between Funds
BALANCES CARRIED FORWARD		 Unrestricted
Designated Restricted TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
£
£
£
£
£
84,873
-
2,692
87,565
92,251
-
-
-
-
854
124
68
-
193
338
11,572
-
-
11,572
15,586
149
-
-
149
235
96,718
68
2,692
99,478
109,263
98,957
-
3,344
102,301
103,389
-
-
-
-
555
1,685
-
-
1,685
1,643
100,643
-
3,344
103,986
105,587
-3,925
68
-652
-4,508
3,676
-3,925
68
-652
-4,508
3,676
32,300
16,038
2,336
50,674
46,998
-
-
-
-
-
28,376
16,106
1,684
46,166
50,674

10

THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY'S WALBERTON DIOCESE OF CHICHESTER

BALANCE SHEET AS AT 31ST DECEMBER 2020

Notes
Fixed Assets
Tangible Assets
1
Current Assets
Debtors & Prepayments
5
Cash at bank and in hand
4
Total Current Assets
Creditors: Due within one year
6
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Creditors: Due within one year
7
NET ASSETS
Funds of the charity
Unrestricted Funds
Designated Funds
8
Restricted Funds
9		 Unrestricted
Designated Restricted 31-Dec-20
31-Dec-19
Funds
Funds
Funds
Total
Total
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
28,376
16,106
1,684
46,166
50,674
28,376
16,106
1,684
46,166
50,674
-
-
-
-
-
28,376
16,106
1,684
46,166
50,674
28,376
16,106
1,684
46,166
50,674
-
-
-
-
-
28,376
16,106
1,684
46,166
50,674
28,376
28,376
32,248
16,106
16,106
16,090
1,684
1,684
2,336
28,376
16,106
1,684
46,166
50,674

This Financial Report for the year ended 31st December 2020, including the notes following, was approved by the PCC and signed on its behalf by The Revd. Timothy ward, PCC Chairman:

Date 14 May 2021

11

THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY'S WALBERTON DIOCESE OF CHICHESTER

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDING 31ST DECEMBER 2020

2. Incoming Resources

Notes
a) Donations and Legacies
Gift Aid Donation
Gift Aid Tax Recoverable
Gifts & Donations
Collections Plate
Grants
12
Legacies
Visitors Box
b) Activities for Generating Funds
Outreach
Harvest Supper
Walberton Open Gardens
c) Investment Income
Bank Interest
5
d) Charitable Activities
Youth Church
Parish Magazine
Churchyard and Service Fees
3) Other Incoming Resources
Sundry Income		 Unrestricted
Designated Restricted TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
£
£
£
£
£
53,183
-
-
53,183
54,724
15,862
-
-
15,862
17,981
7,958
-
2,692
10,650
9,904
5,298
-
-
5,298
9,020
1,044
-
-
1,044
500
1,500
-
-
1,500
-
30
-
-
30
122
84,873
-
2,692
87,565
92,251
£
£
£
£
£
-
-
-
-
10
-
-
-
-
475
-
-
-
-
369
-
-
-
-
854
£
£
£
£
£
124
68
-
193
338
124
68
-
193
338
£
£
£
£
£
190
-
-
190
204
7,653
-
-
7,653
7,390
3,729
-
-
3,729
7,992
11,572
-
-
11,572
15,586
£
£
£
£
£
149
-
-
149
235
149
-
-
149
235

12

THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY'S WALBERTON DIOCESE OF CHICHESTER

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDING 31ST DECEMBER 2020

3. Resources Expended

Notes
a) Cost of Charitable Activities
AudioVisual Costs
Charitable Giving
Church Running Costs
Churchyard Expenses
Churchyard Benches
Clergy Expenses
Communication Costs
Diocese Quota
Equipment Costs
Junior Church
Lych Gate
Music Costs
Office Costs
Office Rent
Organist Fees
Outreach
Parish Magazine Costs
Photocopiers Costs
Repairs and Maintenance
Salary Costs
11
Service Fees
Telephone Costs
Utility Costs
Vicarage Expenses
Visiting Speakers Expenses
Youth Church
b) Cost of Generating Funds
Outreach
Harvest Supper
Walberton Open Gardens
c) Governance Costs
PCC Governance
Insurance		 Unrestricted
Designated Restricted TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
£
£
£
£
£
157
-
-
157
-
8,167
-
-
8,167
8,978
2,256
-
-
2,256
2,642
704
-
732
1,436
785
-
-
2,145
2,145
-
906
-
-
906
1,232
400
-
-
400
441
57,062
-
-
57,062
54,867
794
-
-
794
310
120
-
-
120
700
-
-
466
466
-
935
-
-
935
2,393
355
-
-
355
230
2,640
-
-
2,640
2,640
-
-
-
-
410
-
-
-
-
96
292
-
-
292
250
5,513
-
-
5,513
6,347
301
-
-
301
1,904
8,288
-
-
8,288
8,324
1,224
-
-
1,224
1,631
491
-
-
491
464
4,517
-
-
4,517
4,280
3,308
-
-
3,308
3,318
194
-
-
194
399
334
-
-
334
749
98,957
-
3,344
102,301
103,389
£
£
£
£
£
-
-
-
-
428
-
-
-
-
90
-
-
-
-
37
-
-
-
-
555
£
£
£
£
£
25
-
-
25
-
1,660
-
-
1,660
1,643
1,685
-
-
1,685
1,643

THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY'S WALBERTON

13

DIOCESE OF CHICHESTER

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDING 31ST DECEMBER 2020

4. Cash at bank and in-hand

4. Cash at bank and in-hand
Cash at bank and in hand 31-Dec-20
31-Dec-19
£
£
46,166
50,674
46,166
50,674

5.Debtors & Prepayments

The PCC held no debtors during this or the previous financial period.

6. Creditors: Amounts Falling Due Within One Year

There were no short term liabilities held during this or the previous financial period.

7. Creditors: Amounts Falling Due In More Than One Year

There were no long term liabilities held during this or the previous financial period.

14

THE PCC OF THE ECCLESIASTICAL PARISH OF ST MARY'S WALBERTON DIOCESE OF CHICHESTER

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDING 31ST DECEMBER 2020

8.Designated Funds
Quinquennial Fund		 Balance
Balance
31-Dec-19
Income
Expenditure
Transfers
31-Dec-20
£
£
£
£
£
16,038
68
-
-
16,106
16,038
68
-
-
16,106

The churches designated funds are wholly represented by cash reserves held and are to be expended as described above

9. Restricted Funds
Churchyard Fund
Churchyard Benches
Kitchen Appeal
Lych Gate Appeal		 Balance
Balance
31-Dec-19
Income
Expenditure
Transfers
31-Dec-20
£
£
£
£
£
867
-
732
-
135
500
2,642
2,145
-
997
-
50
-
-
50
969
-
466
-
502
2,336
2,692
3,344
-
1,684

The churches restricted funds are wholly represented by cash reserves held and are to be expended as described above

10. Analysis of Net Assets By
Fund
Fixed Assets and Investments
Current Assets
Liabilities (due in more than one
year)		 Unrestricted
Designated
Restricted
31-Dec-20
31-Dec-19
Funds
Funds
Funds
Total
Total
£
£
£
£
£
-
-
-
-
-
28,376
16,106
1,684
46,166
50,674
-
-
-
-
-
28,376
16,106
1,684
46,166
50,674

15

11. Staff Costs and

11. Staff Costs and
Numbers
Gross Wages and Salaries
Employer's National Insurance Costs
Pension Contributions
Employees Who Were Engaged in each of the following activies:
Activities in furtherance of organisations objectives:		 2020
2019
£
£
8,288
8,324
-
-
-
-
8,288
8,324
2020
2019
2
3

The organisation operates a PAYE scheme to pay all employed members of staff and the organisation also employs members of staff on a self employed basis. No employees received emoluments in excess of £60,000. (2019: None)

12. Grants

St Mary’s received £1,044 from HMRC under the Job Retention Scheme, in respect of reduced hours worked by one member of office staff during the Covid-19 pandemic.

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IYDF.PF.Nt)F.NT F.XAMINF.R'% RF.P()RT C)N TIIF. AI"('()[IYT Thiy rcport on thc fin4￿lI{11 51atLmLmls' for ihL PC C of IIK. EL'LILsias1iLuI Parish of Si Mary's ChurLh, WalbLYton for the year C￿lIng 31" tkcembcr 2020 15 in rcspLrl of an examination carried out in ￿CordanCe with thechurch Accounting Regulatio￿8 2006('the regul￿lonS')and s.145 of the Charities Act 2011 {'The Act,). Reswtive Respjnsibilities of the PC.C and the Examiner As MCMI￿r5 ofthe PCC you are responsible for prq)arlltii)n of the financial statements; you consider that the audit rquiTement of RegulalioThs and section 114(2} of the Charitie5 Acl 2011 ('ThL AL1,) nvl atvly. li 15 my rLstK)n4ibilily to i55uL' Ihi4 rL'porl un Ih05L' finiinLiiil 41alemenL4 ￿cOuN8 in a¢cordanc¢ with the lern14 of th¢ Regulations. Basis of Independent Ex*miner's Report My ¢xamination was carriL71 in a￿orda￿e with the Ga)eTal Dir￿110￿4 given by th¢ Charity Commi&sion u￿ler section 14515Xb) of the Acl aThJ io be found in the Church Guidance, 2006 editio￿ issued from FinonLe Division of the Archbishops. Council. Thal exllmination includcs a review ofthc occounting rccords kept by the PCC" and a compari50n of th¢ a￿OuntS wilh thosc r¢(x)rds. li also in¢ludts wnsidcring any unusual ilcms or th"Klosurcs in the accounl a￿1 seeking explanatio￿8 from you as InL8teLs conLeming) any such matter8. The tY(K¢durcs undcrlaken do ￿t Erovidc all the ¢Vid¢￿e that M'ould be rcquired i n an audiL and on5equenily no opinion 15 gven as to whether the accounts presfflt a 'true and fair view. and the report is limited lo those mailers out in Ihe stalcmeni below. Inde￿ndent F.xaminer's Statement In Con￿LI10n wilh my cxaminalion. no mallLY has come io my atienlion.. l) Which gJve.s me reasonable k7use lo believe that in any material respect the requi remenls to kL'LV accounling rLrords in aLr0rda￿e wilh ycLi1(￿ 130 of the ALI; and to pr¢par¢ a¢u)unls' whiLh &¢ord with th¢ ai¢ountin¥ rL¢ord%' aThJ to cixnply with th¢ requiremenL8 of the ACL the Rebwlaliorns have not bLYn mel. or 2) to Whic￿ in my opinion. attention should in Ord￿ to enable a Proper urnlcrslandinx of ihe accounts lo bc reached. Aligon Beslente CeFA CeMAP CeRER DipFA 1JKIep¢￿c￿¢ FinDn¢ial Adviser FRN 755733 POBOX 147 Arurmjcl BN188DL 211" April 2021 17