Calvary Chapel Bat Annual Report & Accounts Year Ended 31 st Mar I
Calvary Chapel Bath
Also known as “Calvary Bath”
Trustees Jeffrey Scott Cuozzo Brian Kristopher Cambra Simon Lawrenson Pastors Jeffrey Scott Cuozzo Governing Document CIO - Foundation Registered 4th June 2018 Registered Charity Number 1178622 Charity Principle Address Shepherds Mead South Stoke Bath BA2 7EB Accounts Prepared By Bliss Accounts
CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Contents
| Objectives and Achievements | 2 |
|---|---|
| Financial Review | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Statement of Cash Flows | 6 |
| Notes to the Financial Statements | 7 |
| 1. Accounting Policies | 7 |
| 2. Analysis of Income | 9 |
| 3. Donated Goods, Facilities and Services | 9 |
| 4. Analysis of Expenditure on Charitable Activities | 10 |
| 5. Trustee Expenses | 11 |
| 6. Independent Examiner's Remuneration | 11 |
| 7. Grant-making Activities | 11 |
| 8. Staff Costs, Employee Benefts and Trustees Remuneration | 12 |
| 9. Fixed Assets | 12 |
| 10. Debtors | 13 |
| 11. Creditors | 13 |
| 12. Summary of the Assets and Liabilities of each Category of Fund | 14 |
| 13. Movement in Funds | 15 |
| 14. Related Party Transactions | 16 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Objectives and Achievements
Objects of the Charity
The Charity’s Objects (the Objects) are the advancement of Christianity for the benefit of the public in accordance with the following:
a) To worship God the Father, Son and Holy Spirit;
b) To build up the Church of Jesus Christ, in particular through the teaching and preaching of the Word of God (The Bible);
c) To proclaim that men and women should repent and believe in Jesus Christ as Saviour and Lord; d) As we have opportunity, to do good to all, especially to those who are of the household of faith (Galatians 6:10)
Activities of the Charity
As a church we have been continuing to teach the Bible verse by verse and see people being encouraged and growing in their faith in God. Over the course of 2021-2022 we have taught through the books of Genesis and Ephesians.
We have also met the need of having a children's ministry on a Sunday morning to allow for whole families to join us for church on a Sunday morning.
We meet for prayer every Sunday evening and Zoom and this has been a source of huge encouragement to all those who are involved. We pray for the individuals in the fellowship, as well as for our community and for our country.
The trustees also are fully aware of the Charity Commission’s guidance on public benefit.
Achievements and Performance, Year Ended 31st March 2022
As we went into lockdown again at the beginning of 2021, fortunately we were still legally able to meet in person as a small group of believers. This was very helpful as many people were stressed from all the pressure of Covid 19 and we were able to minister comfort and encouragement to people as well as pray for people as they navigated this difficult reality.
We continued to see new people visit the fellowship and join us as we went through 2021. We also had some people move away, so it is always hard to say goodbye to those you grow close to. As the pastor I was also able to travel to America in August 2021 to lead a Young Adults camp in Texas, which was very fun and refreshing! I also travelled to America in September 2021 for a Teaching Conference in California, and Texas.
At the beginning of October we began to meet as a church in person on a Sunday morning, beginning to offer children’s ministry. Previously we had just been a midweek Bible study on a Thursday evening and met together on Zoom on Sundays.
Near the end of 2021 the building we had been renting for our meetings was put up for sale. Sadly, the building sold at the beginning of 2022 and so we needed to move out. I lost my office and we had to find a new place to meet as a church. We were able to start renting the Village Hall in our village of South Stoke for our Sunday morning services.
Over the last year we have taught through the book of Genesis and we have just finished teaching the book of Ephesians. We will now be studying the book of Exodus. I have also been able to train up a young man who is studying at Bible College and so he has just started teaching at the church once a month through the book of Philippians as well. We have also started meeting for a home fellowship on Wednesday evenings, which has been a really lovely time for people to connect in an informal setting.
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
We are continuing to see people be blessed and encouraged in their faith as we fellowship and study the Bible together and the Lord continues to bring people along who are hungry to study His Word.
Financial Review
Financial Position
The Charity’s primary source of funds is from free-will offerings received from those regularly attending the Sunday services as well as various other supporters to the objectives of the Charity.
Reserves Policy
Keeping in line with the Charity’s future plans it has a policy to hold sufficient reserves to be able to respond in a timely manner to any opportunity presented that would allow the Charity to achieve those plans. Current reserves are minimal for meeting such possible opportunities. The Charity has an amount of reserves, of which its value must be available as a liquid asset at all times. These reserves are equal to 3 months of average total expenditure.
Grant Making Policy
Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.
Principal Sources of Funding
The charity’s principal source of funds is from voluntary donations received from those regularly attending the Sunday services as well as various other supporters of the objectives of the charity.
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:
Jeffrey Cuozzo Date: 26/09/2022
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Statement of Financial Activities
For the Year End Ended 31st Mar 2022
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Note | 2022 | 2022 | 2022 | 2021 | ||
| Income | ||||||
| Donations and Legacies | 2 | 10,161 | - | 10,161 | 54,682 | |
| Charitable Activities | - | - | - | - | ||
| Other Trading Activities | - | - | - | - | ||
| Investments | 2 | - | - | - | 3 | |
| Other Income | 2 | 1 | - | 1 | - | |
| Total Income | 10,162 | - | 10,162 | 54,685 | ||
| Expenditure | ||||||
| Raising Funds | 4 | - | - | - | - | |
| Charitable Activities | 4 | 13,559 | - | 13,559 | 10,419 | |
| Total Expenditure | 13,559 | - | 13,559 | 10,419 | ||
| Net Income (Expenditure) | (3,397) | - | (3,397) | 44,266 | ||
| Net Movement in Funds | (3,397) | - | (3,397) | 44,266 | ||
| Reconciliation of Funds | 12-13 | |||||
| Total Funds b/fwd | 66,205 | - | 66,205 | 21,939 | ||
| Total Funds c/fwd | 62,808 | - | 62,808 | 66,205 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Balance Sheet
At 31st Mar 2022
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |||
| Fixed Assets | |||||||
| Tangible Assets | 9 | 581 | 1,045 | ||||
| Current Assets | |||||||
| Debtors | 10 | 536 | 4,628 | ||||
| Cash in Bank and in Hand | 61,892 | 60,701 | |||||
| Total Current Assets | 62,428 | 65,329 | |||||
| Liabilities | |||||||
| Creditors: Amount falling due within one year |
11 | (201) | (169) | ||||
| Net Current Assets | 62,227 | 65,160 | |||||
| Net Assets | 62,808 | 66,205 | |||||
| The Funds of the Charity | 12-13 | ||||||
| Unrestricted Funds | 62,808 | 66,205 | |||||
| Restricted Funds | - | - | |||||
| Total Funds | 62,808 | 66,205 |
These financial statements were approved by the board of trustees and signed on their behalf, on 26/09/2022
Signed on behalf of the charity’s trustees: Jeffrey Cuozzo (Chair)
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Statement of Cash Flows
For the Year End Ended 31st Mar 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Cash fows from Operating Activities | |||||
| Net cash provided by (used in) Operating Activities | 1,192 | 45,072 | |||
| (see Note 1) | |||||
| Cash fows from Investment Activities | |||||
| Interest on cash deposits | 1 | 3 | |||
| Capital Expenditure | |||||
| Fixed Asset Additions | - | - | |||
| Net cash infow/(outfow) for the year | 1,193 | 45,075 | |||
| Cash and Cash Equivalents at 1 April 2021 | 60,701 | 15,626 | |||
| Cash and Cash Equivalents at 31 March 2022 | 61,892 | 60,701 | |||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Note 1. Reconciliation of net Income/(Expenditure) | |||||
| (as per Statement of fnancial Activities) | |||||
| Net Income/(Expenditure) | (3,397) | 44,266 | |||
| Adjustments For: | |||||
| Depreciation Charges | 465 | 463 | |||
| Interest on investments | - | (3) | |||
| (Increase)/decrease in debtors | 4,092 | 3,130 | |||
| Increase/(decrease) in liabilities | 32 | (2,785) | |||
| 1,192 | 45,071 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements
For the Year End Ended 31st Mar 2022
1. Accounting Policies
General Information
Calvary Chapel Bath is a Charitable Incorporated Organisation registered in England and Wales. The registered charity number, company number and address of the charity is given in the charity information on the cover sheet.
Statement of Compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) 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 2015), Companies Act 2006 and Charities Act 2011.
Calvary Chapel Bath is a Public Benefit Entity as defined by FRS 102.
Going Concern
The charity has a number of regular donors, giving the trustees reasonable confidence that sufficient funding will be secured beyond the current year. The trustees have assessed the level of funds held, in addition to the cash flow needs of the charity, concluding with confidence that it will be able to continue in its operation.
Fund Accounting Policies
The General Funds are not subject to any restrictions regarding their particular use and are available for applicable general purposes of the charity.
Incoming Resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when; the charity is legally entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.
Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.
Incoming resources from Gift Aid tax reclaims are included in the SoFA at the same time as the gift to which they relate.
The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.
Investment income is included in the accounts when receivable
Expenditure and Liabilities
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. It is probable that the paying out of resources will be required in settlement and the amount of the obligation can be measured reliability.
The charity makes grants to individuals and other institutions to further its charitable objectives.
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
Fixed Assets
Tangible fixed assets which cost £500 or more and used for more than one year are capitalised. They are valued at cost price or a reasonable value on receipt.
Depreciation is calculated on tangible fixed assets using the Straight Line Method, at 25% of the cost per year
Inventory
Stocks held for sale as part of non-charitable trade are measured at the lower of cost or net realisable value.
Donated goods are measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s). When there is no direct evidence of fair value for an equivalent item, a value is derived from: the cost of the item to the donor; or in the case of goods that are expected to be sold, the estimated resale value after deducting the cost to sell the goods.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Judgements in Applying Accounting Policies
In the application of the church's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates but are unlikely to be material.
Cash at Bank and In Hand
Cash at bank and in hand includes cash and short-term highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar amount.
Financial Instruments
The church only has financial assets and financial 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
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
2. Analysis of Income
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | ||||
| £ | £ | £ | £ | £ | £ | ||||
| Donations and Legacies | |||||||||
| Freewill Offerings | 9,790 | - | 9,790 | 53,817 | - | 53,817 | |||
| Tax Recoverable - Gift Aid | 371 | - | 371 | 865 | - | 865 | |||
| 10,161 | - | 10,161 | 54,682 | - | 54,682 | ||||
| Investment Income | |||||||||
| Bank Interest | - | - | - | 3 | - | 3 | |||
| Other Income | |||||||||
| HMRC Gift Aid Interest | 1 | - | 1 | - | - | - | |||
| Total | 10,162 | - | 10,162 | 54,685 | - | 54,685 |
3. Donated Goods, Facilities and Services
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Donated Goods | - | - | ||
| Donated Facilities | - | - | ||
| - | - | |||
| Number of Unpaid General Volunteers | 2022 | 2021 | ||
| Church Services - Hospitalityand Operations | 5 | 5 | ||
| Church Services - Discipleshipand Outreach | 2 | 3 | ||
| Church Services - SundaySchool Teachers | 7 | 5 | ||
| Church Discipleship- Bible Studies | 3 | 2 | ||
| 17 | 8 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
4. Analysis of Expenditure on Charitable Activities
| 2022 | 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Activities | Grant | Activities | Grant | |||||||||
| Undertaken | Funding of | Support |
Undertaken | Funding of | Support | |||||||
| Directly | Activities | Costs | Total | Directly | Activities | Costs | Total | |||||
| Note | £ | £ | £ | £ | £ | £ | £ | £ | ||||
| Mission and Ministry | ||||||||||||
| Discipleshipand Outreach | - | - | 177 | 177 | - | |||||||
| Conferences and Retreats | 508 | - | - | 508 | - | |||||||
| Travel | 5 | 693 | - | - | 693 | |||||||
| Phone Contract | 5 | 659 | - | - | 659 | |||||||
| 1,860 | - | 177 | 2,037 | 144 | - | - | 144 | |||||
| TIKVAH - Mission and Ministry | ||||||||||||
| Discipleshipand Outreach | 640 | - | - | 640 | ||||||||
| Israel - Married Couples Retreat | 3,624 | - | - | 3,624 | ||||||||
| Israeli Ladies Retreat | 205 | - | - | 205 | ||||||||
| YoungAdults Retreat | 123 | - | - | 123 | ||||||||
| AwaitingHis Return Conference | 363 | - | - | 363 | ||||||||
| Bad Debt | - | - | - | - | ||||||||
| Fixed Asset Depreciation | 9 | 465 | 465 | |||||||||
| 5,420 | - | - | 5,420 | 4,082 | - | - | 4,082 | |||||
| Property, Management and Administration | ||||||||||||
| Tikvah - Rent and Utilities | 4,867 | - | 189 | 5,056 | ||||||||
| IT,Media and Music | 290 | - | 4 | 294 | ||||||||
| Tikvah - IT,Media and Music | 328 | - | - | 328 | ||||||||
| Accounting | - | - | 188 | 188 | ||||||||
| Independent Examination | - | - | 235 | 235 | ||||||||
| 5,485 | - | 616 | 6,101 | 6,193 | - | - | 6,193 | |||||
| 12,765 | - | 793 | 13,558 | 10,419 | - | - | 10,419 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
5. Trustee Expenses
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistence causes, exclusively and necessary for fulfilling the charity objects
1 Trustee was paid expenses in the financial year ended 31 March 2021
0 Trustees was paid expenses in the financial year ended 31 March 2020
| No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects |
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects |
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects |
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects |
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects |
|---|---|---|---|---|
| 1 Trustee was paid expenses in the fnancial year ended 31 March 2021 | ||||
| 0 Trustees was paid expenses in the fnancial year ended 31 March 2020 | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Trustee Expenses | ||||
| Travel | 693 | - | ||
| Phone Contact | 659 | - | ||
| 1,352 | - |
6. Independent Examiner's Remuneration
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Independent Examiner’s Fees | 235 | † | - | |||
| † The Independent Examination fee for the accounts for the Year Ended 31st March 2021 was not included in the 2021 accounts as a | ||||||
| creditor and not in the Income and Expenditure account. The total amount in the 2021 fgure includes examination fees for both | ||||||
| the Year Ended 31st Mar 2021 and 31st Mar 2022 |
7. Grant-making Activities
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Grants made to Institutions | ||||||
| - | - | |||||
| Grants made to Individuals | ||||||
| - | - | |||||
| Total | - | - |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
8. Staff Costs, Employee Benefits and Trustees Remuneration
By provision of the charity's Governing Document, J. Cuozzo was remunerated £1,352 in personal expenses (nil personal expenses in 2021).
9. Fixed Assets
| Fixtures, Fittings and Equipment |
|||
|---|---|---|---|
| Total | |||
| £ | £ | ||
| Cost or Valuation | |||
| At 1 Apr 2021 | 1,858 | 1,858 | |
| Additions | - | - | |
| Disposals | - | - | |
| Revaluations | - | - | |
| Transfers | - | - | |
| At 31 Mar 2022 | 1,858 | 1,858 | |
| Depreciation and Impairments | |||
| At 1 Apr 2021 | 813 | 813 | |
| Disposals | - | - | |
| Depreciation | 465 | 465 | |
| Impairment | - | - | |
| Transfers | - | - | |
| At 31 Mar 2022 | 1,277 | 1,277 | |
| Net Book Value at 1 Apr 2021 | 1,045 | 1,045 | |
| Net Book Value at 31 Mar 2022 | 581 | 581 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
10. Debtors
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments and Accrued Income | ||||
| IT, Media and Music | 166 | 3,763 | ||
| Other Debtors | ||||
| Tax Recoverable - Gift Aid | 371 | 865 | ||
| Total | 537 | 4,628 | ||
| 11. Creditors | ||||
| 2022 | 2021 | |||
| Accruals and Deferred Income | £ | £ | ||
| Accrued Utilities | - | 169 | ||
| Other Creditors | ||||
| Accountancy Fees | 81 | - | ||
| Independent Examination | 120 | - | ||
| 201 | - | |||
| Total | 201 | 169 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
12. Summary of the Assets and Liabilities of each Category of Fund
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| £ | £ | £ | £ | £ | £ | |||
| Tangible Fixed Assets | 581 | - | 581 | 1,045 | - | 1,045 | ||
| Intangible Assets | - | - | - | - | - | - | ||
| Debtors | 536 | - | 536 | 4,628 | - | 4,628 | ||
| Current Assets | 61,892 | - | 61,892 | 60,701 | - | 60,701 | ||
| Creditors: Amounts falling due within one year | (201) | - | (201) | (169) | - | (169) | ||
| 62,808 | - | 62,808 | 66,205 | - | 66,205 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
13. Movement in Funds
| Fund | Fund | ||||
|---|---|---|---|---|---|
| Balances | Balances | ||||
| Brought | Net | Carried | |||
| Forward | Income | Expenditure | Transfers | Forward | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General Fund | 66,205 | 5,614 | (5,685) | (51,683) | 14,450 |
| Tikvah Fund | - | 4,548 | (7,874) | 51,683 | 48,357 |
| Total Funds | 66,205 | 10,161 | (13,559) | - | 62,808 |
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CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
14. Related Party Transactions
Transactions with related parties have been disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration.'
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Independent examiner's report on the accounts
| Independent examiner's report on the accounts |
|
|---|---|
| Report to the trustees of | Calvary Chapel Bath Charity no.1178622 |
| For the period ended | 31stMarch 2022 Set out on pages4 - 16 |
| Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). |
| The charity’s trustees consider that an audit is not required for this year | |
| under section 144 of the Act and that an independent examination is needed | |
| It is my responsibility to: |
-
examine the accounts under section 145 of the Charities Act,
-
• to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
-
to state whether particular matters have come to my attention
Basis of independent My examination was carried out in accordance with general Directions given
examiner’s statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's In connection with my examination, no material matters have come to my
statement attention which gives me cause to believe that in, any material respect: • the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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 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.
Signed: Date: 19/10/2022 Name: Magnus Proctor FFA
Professional qualification Fellow of the Institute of Financial Accountants
Address: Lindisfarne, Landkey Road, Barnstaple, Devon, EX32 9BW