The Church Welfare Association (Incorporated) (a charitable company limited by guarantee) Company Number 00112964 Charity Number 209992 REPORTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2021
CONTENTS Reference and Administrative Infomiation ort Council Members. Re Inde ndent Examinerfs Re Income and Ex nditure Account Balance Sheet Note6 to the Finanoal Statements 4-8 10 11 12-16 P8ge2 of 16
The Church Welfare Association (Incorporated) (a compatiy Ikmited by guarantee) REPORTS AND ACCOUNTS FOR THE YEAR ENOED 31 DECEMBER 2021 REFERENCE AND ADMINISTRATIVE INFORMATION status The Chur¢h WeWBre AS1811 is o tha11tab ¢panY limited by guarantee and not havlng a 5haTe capital. incornored 30 No¥unbW 1910. and regi5ter¢d as a on 18 October 1962. REGISTERED COMPANY NUMBER". 00112984 REGISTERED cHARIry NUMBER.. 20e992 Reglst8red Office". 25 Cothgham8 Dri NoM¢h NR6 6PS unk Charltles The lo11vng tha1e8 KnKed Thé Churth Welfare A$atiOn as * 31 Ocember 2021 Ito b6 rnmoved by The Ch8irfy ComnNSSfft fmm the rogerofalits8s FELLOthEHIP OF ST MICHAEL AND ALL ANGELS TRusf FUND- Ragi8t¥red January 2022).. Charfty NLllnber. 20999211 LEICESTER HOME SCHOOL- Registernd Chryrity Number. 209992rJ The foll¢Ing fnked The Churth Wdfare Assodation rwnoved by Th? Chartty Commission Irom ts wister of rlwiti'es In thg year. GIIACE ANNE poo CHARITY- RSted Chwity Numbèr. 209992fd IRemoved (Fur5 trjrred (9.74) In an eartier year)] KELLY HOLDSWORTH FUND- Regiered Ch¥rity Number. 20999214 tRemoved (ceased to exlst) 2 Nernber 2021] MANCHESTER DIOCESAN FUND- Registered Ch¥Tty Number. 20999215 tRemoved (Cea to exist> 2 Novwnb8r2021] Trustees l Directorn The l(4luwing Inistees (the rJe awo ofth• chwiMbl8 Gtynpany. Mr3 A Cole Mrs D Cook (Chalr) MrJ M Fulford Mrs M Goddanl (Mce Chalr) Mrs S Halford Mr M Heyboume Isecrdary) Miss G Reeve L Sailer Mr M WakeliThJ IHon. Treawrer) Investment Advls•rn GhaTles Stsnley & Co. Limited 55 Bishcrf)sgate Page3of 16
The Church Welfare Association (Incorporated) la charrtable ccMpany limited by gUee) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 London EC2N 3AS Epwoth Investment Manawent Limit8d g Bonhlll street London EC2A 4PE CCLA Inves1mt Management Lhmrted 85 Queen Victoria Street London EC4V 4 Bankers Uoyds Bank plc 25 Greshom Street London EC2V 7HN Lègal Advlserd 134 Edmund Street 8inningbam 83 2ES COUNCIL MEMBERSI REPORT The Colmol crflwst¢e8 and the difecm of the charitsble cayTrpany ha rAeasur8 In 5ubmrtling Iheir cwnrai Mem5 AnrwJ81 Report and Accwnts forthe year ended 31 Dec8mber 2021. STRUCTURE, GOVERNANCE AND MANAGEMEKr Structure The Gompany Is Ilrnited by gu8rnntee and d¢)es nothave a shar¢ capft81. Members of tho charity guarantee to G(wtritrArte an amcAmt not ex%eding £1. to the charity in the event of YAnding up. Governlng Document The cMpanY was lwated on 30 NoNEmber 1910 under a memorandum of association, vthich estsbiished the cbiec13 and p0r5 ofthe chati¥able (Thipany, 8nd ii is governed under ts aEt"des of association as amended by special resolutions passed on ig November 1953. 18 Fekmjary 1954 and 25 Odober 1995, and resolution made under secti 74(2) ofThe ChaFilies Ad 1993 25 January 1999. Page4 of 16
The Church Welfare Association (Incorporated) la thrtable company limited by guarantee) REPORTS AND ACCOUfvtrs FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees The Council dtruth•s detarnmne the genera prAicy of lh• AgsodaDon. li l¥ the polity of the A$Sodati kn aGhwe th• obieds ofth8 ASsl#titin 0EcTs The Assotyatlon Is an e8Ished admlristwlng m(Md88 the benefft of Soca?1 Work in conneclion with the Churth of End. tt can also: 1. M•ke malntenance grantsto resldenlial wieds undertaknng the shelter. trainhg or rehab111tsti ofrynen orgirfs. irrfants. in need of care and moral suppoiL 2. Support Day Care projec15 deSned to 51 and wpwt chlbdren. p8rOoJlarfy single par•nt fles. and", 3. A¢t as cu$todi8n trustees for remiwt prcperties, arnl wovkje grnnts to rebrèd personèwtho Ive vthed on Churth So¢lal The •1m8 and 0tr4•ctt¥8s of each ¢wrfty linked to the A88oa•tiCffl in the year were: malntenance ol 3 home frIT the uae ofwunen or girfs of better 8duc8llM and sodal position ha¥e tsll•n 8nd aro Mt Su[ble lor ordinary maternity homes orfor re8uJe in the Diocese IELLOWSHIP OF ST MICHAEL AND ALL ANGELS TRUST FUNDI To aid mora welfare wort in the DI0¢e of Gl(AKestar (GRACE ANNE POOLE CHARITY) For ftbrtheriry mor81 we (LEICESTER HOME SCHOOL) The m8bntenance, svpport or Impr•Thent of a home carried on forthe puTro8e of rescue Irk In the Dio¢ese ofyork (KELLY HOLDSWORTH FUND) Forthe PlOI10n and en¢ourawent of resoue and preventiv• w4r c¥rried on In and for the Dio¢ese ot Manchester or for such th carrled on by the Church of Englwd (MANCHESTER DIOCESAN FUNDI DIRECTORS. RESPONSIBILMES The dlrectors are responsible ts Trxying the rwt of thetrustees and the financial stslements in accrAdance vath apF4iratsle law and Uiuted Ir1 Gerty AcceFtsd AccourbtirJ Prncli¢e (UK GAAP). The direGtors are reqLmd lo prepare the rewt ofthetnwte•s and than(xai Ststernts lor each finanual period. wlmch ve a true and fairvieAI of the ate of th5rs of the ch3ritsbie company and of its inc()ng resources and apF4ts1ion of resour¢es. induding income and eXpen(lire for the yod. In preparing those finanoal ststements accounts, the directots are required to". sglect svitable accLwnting pdides and then apFty them consistendy: Make JUdgneI5 and estimates th are reas(xwbl¢ and Page 5 of 16
The Church Welfare Association (Incorporated) (a ccdnpany limited by guarantee) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 state whether applkable COUntrn9 Standards and • of recommended practice have been follo, subiectto any matenal departures dlsdosed #nd eXled in the financiel strtements., prepar¢ the aUnts on the gcing crncem ba$ unle55 itls inapwow presume thatthe c(np8ny wlll c¥nUt In The direGWS are Tespmsible for keeFitng adequate acctyjnting r• wthlch digdose V1 8$Onale accuracy at any time the financia wbon of the c4ynpany and to enable them to ensure thattbe finanu81 statements Gompty the Companies Ad 2006. Thtry afe 8180 responwi4e lor safeguardlng the assets ol the cnpanY and hence for taking rnasonab18 Steps for the prevenbon WKI detecbon of traud ar4d other iffeyul•rthas This report b85 been in accsxdanc£ I1h the sm811 G4Jmpani86 regine under sectson 41912) of the C¢Jmpanie5 kt 2006. and In ¥%rfdance Accounting and Reportsng by Ch8rilies'. Ststement of Recommend8d Prndi¢ts wli¢at4e to cMritie8 preparing their accn{S in accoffJanL T•Ath FRS 102. ACHIEVEMENTS AND PERFORlaANGE Backaround The purpou otthe churth Wdtsfe is to wo¥lde sUPPOrtts have been explorted or are at risk of bw'rvJ exFILlthd ihrou9h yo8trtubM. Its aims ha¥e V•iden•d over the years to support re¥hderti81 and day ¢8re proiects. oliday dubs, parenng cUl3¢s for iéenag8r¥ etc., most ofvthich functson In deprtved 8re3s. Poverty disproportion8tety affects wen a1 (Mdrwi and most proieGts in Ihis field ol wort fvnction on ¥Y light, u5uaty the invaluable help of nwry unteers. Publlc Benefft Th8 Chuyth WellaJe A)30Natstyi is a pullic entity urthr FRS 102. The trustees h8ve undertaken lo engure ¢p[lance ryth the Chaty Crynns910n'¥ publlc beDefrt guid3nce when setting gr#nt4naknng policy and rev19 the m8 and ¢*jectives of ihe thority, and olthe Ilnkad to IL Summary of the Y••T In Readine . The c£lebT8tion of our Queèn's Pizunum Jubilee has oiven us a blue print forthe Churth WeKaFe Associabon as W move to another chapter. Like our Queen and Nalion * do not look back in nostalgia, butvrith thanksgiving for 811 that h05 been 8¢hievèd. We (Aebrate 8nd gve thanks for ai who have given long 3efwce anjj deep cating towaTd8 InthY¥ed M Pf05btulion or those at risk of suth invdvemenL The pasi year ha5 given us the opporLfftty to conthUÈ'kMneSS as usual, as ¥he gathered zoom and received applieation$ fur grants and awarded wtsr8 they met our criteria. Page6of 16
The Church Welfare Association (Incorporated) la charitabk cryny limikd by gv8rante8) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 The work which vfds Started ts¥o years ago to give pray•ful Ilwwght and consKleral"ion as to howwe cfjntinue our le9acy 15 ccffiing to frurtion Wth the 8s5istsnce of Ethina Tumer of Anthony Cc41ins Sdlratys LLP. She has guided the Trustee3 through the necessary legal h¢)ops to bling us to a rlghtVAy I0[d. Wth Eth¥ina'$ 3SSiStance the Charity Commls5icners closed three of the five linked th8ritses. nan The Grace Anne Pool Charity (oharity number 209992-21,. The Kelly Holdsworth Fund ltharity number 209992- 4). and.. The Manchester Diocesan Fund (charty numbw 2099924). The remaining Nvo nked tharilias are to be dosed eady in 2022. namdy The Felluthtship of St Mid)ael and AU Angels TNSt Fund (tharity numw 20992-1). and: The Leicester Hcffie Sthool l¢harlty number 2099924). Thls gave ug an opening to woth at a Collati0 AgrewnenL in reu)gnitson ofthe 8har8d Mssion of the streets and the Churth Welfare Association. The Church Welfare A5scbiabM Trustees out of muth dis¢u8slon and deilb8ratlon hag agreed to give SO% of CWA'S fvnds to Beyond the streets wknich V•ill bt 3ut4'ectto Ihe gn8d agreement betsften the groups wthen the baton Is passed on Thursday 7th July 2022. In 8ddltion Beyond the streets agreed to recruit Twstees tojcln Church Welfare Awtyation M that date and many ol the cwrent Trustees of CWA VIM re$¢gn. The wodi of Church Wettare A3$ttI1on vtal start a new chapter in 8 c408e wthing relotlonshlp with Beyond the SIFeets. Pemnally, l to thank past tnd prwitTfUStees vkno have worf(ed me to ¥ my hope and dream tak• shape. thile not belng port ofthe firture, I wll 3W$ hold ihe work in prayer, that 1 are jnvdved be suslained in ail they undert8k¢. l 8180 giv8 Ihanks to Ethna Tumer for her supwl In a t l vId h8¥e 8chved wlthtyA her guidance. Daphne Cpok Chalr ot TYu6t• Page 7 of 16
The ChurGh Welfare Association (Incorporated) (a chantsbie Gomp8ny limited by guaraniee) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 NANCIAL REVIEW Summary of Transactlons and tho Financlal Positlon u at 31 Dernber 2021 Durin9 the year under revival the value olthe Church Well9 A350uation (I[rAted) fvnds increased ove1 to £1.631,258 (2020: £1.596,508) a5 shu•m on Page 10 of the financlal ststwnents. Th¢ charity digtsibuted l i grants to varfous tyg15allon5 arrw)unting to £80,100 (2020: £43,SOOI. Grnnts to Ihe ¢harity Beyond the Streets toled £48.500 (2020.. £18.500) Sncluding £15.000 autr)rised in 2020 but p•id late. smoller grants to other organisation? worfong wio) VI8 experiencir¥J iy vulnarnble to yexud e¥plOItati W8rn.' £4.000, Jacobs Well tDiocege of D•rfffi] £4.000. The Family Haven iDioce5e of Glouc•8terl P8renthg & Lrf8 Skr"Ils pmgramme ts Vuln8rable £3.000. Cty Hath4Jr Churth tDb)cese of Port8m¢yAlIl £4.cKIO, Orchards Iclaphwn. DloceBe of SoutsM¥KI Safe housing in sexu8ty-8xpknY8M sKu8 £4.000. Hull lighthouse tDlocese of Yorkl sktlts sessions in C4fving with frgsh rna& & magIng dnt 8 budget £3.700, City Life Churth tSoLrthampton. Dic¢ese ofvlndwter) Amberprqed £3.000 Chelmsford Diocesan Mdhers Unlon tThoc8se of Cheknsfordj English f¢x Wom•n £3.000 All Souls Serde The City tDioce¥ of L¢rton] £2,900. Off the feno Ltd tPortslade. DioGeie of CFi¢he8terJ Gat•way Women's Gent The le of CWA'S investments, shr¢ at m¥ketVu• unles5 othemse slated. have in¢ased overal 10 £1.432,05412020". £1.,071) •$ Page 11. Investments The management of the Association's wNesbneJts M a day to day basis is overseen by the Hon. T3$Ter and the Associ'ion's inve5trnent ad'seN The guidelines ihat have beèn set dovm are for bolh capital gr(r•th and iThxthe *ilh medium risk. On bghalf of the Board Mr M Heyboumo Hon. Secyetsry Page 8 of 16
The Church Welfare Association (Incorporated) la tharitabie CmpanY limited by guarantee) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 EXAMINERS REPORT TO THE TRUSTEES ON THE UNAUDrrED ACCOUNTS OF THE CHURCH WELFARE ASSOCIATION (INCORPORATED) I report on the financial slatements tsthe year erthl 31 DeCnber 2021 set out on pages 10t0 16. Regponslbllltles and Basls of Report As the ¢h#rity's trustees ofthe CoMpY land okno its dire(OTS fty the purpow ol company lawl you are resp)nslble for the preparatson olthe acu)unts in ar£ordarKe 4th the requ1Ments ofthe GThnpanies Ad 20C6I'tr 2006 Acn. The tharty's thbst consider that an audit is not requirtd for th• year vnder 88clion 144(2) ofthe Charibes Ad (the 2011 Act) and thot an IndeF exwninatiui 1$ ne•tsJ. Maving ¥al¥led my8eWthat the #ccounls e£thpany are not requlfed to be audit•d under Part 16 of the 20C6 Ad and are eIrole ty independent examinatiui, I report In respect of my exanlnthion of your charity'¥ accounts as cpmed out under $e¢tion 145 01 the Charitie$ Act 2011 (the'2011 Act). In carrying my exwnination I h3ve foll¢Ned the Dirodions given by the ChaiTty Commission Under sacilon 145(5)(b) olthe 2011 ACL Independent Eknmlnefs Report A8 th8 compony'5 gro8s Incle dKI exceed £250.01)O, I corthrn th1 am qualffied to undertak• the examinatirji. I have completed my ex•rraMbon. I cthlm that no mattw8 h•ve com8 to my att8nllon in ¢onnecfjon with the examiniM giMr4J me cause to beli•ve'. accounting were rtkept in reapect ofth• as rwyired by secti¢Y* 386 of the 2006 Art or the accounts do not SOrd those a¢Dn9 re¢oth'. the 8Gcounts do ¢ompty the accwnting reqLArements of sedon 396 of Ihe 2006 Act olher than any requirWt Ih8t the accounts give 3.true and fai view vknich 15 not a matter considered as part of an ind¢p¢ndent examinali¢]n: or the accourts have not been prepared kn aGcrytsnce wth ihe methods and principles ofthe Statemwrt of Recrthmended prad1 for aCUnting and reporting by ¢h8r5Jes I have no concems and have come a(Joss no mattern connection wllb the examinaknon to whith attents.on shouki be drathffj in Ihis report in (Kdef to enatde 8 prcyr undersljnthng ol the ac£ounts to be reached. Ill. Ml¢hael John Haffit MIA8 M J Harris Solutions 188 Churth Road 8ishopstoke Eastteigh S050 6BH Page 9 of 16
The Church Welfare Association (Incorporated) (a charitrble CftpaY limiled by guarantee) REPORTS AND ACGOUNTS FOR THE YEAR ENDED 31 DECEfvIBER 2021 STATEMENT OF FINANCIAL ACTivmES (InGludlng Incom• and Expenditure Account) 2021 2020 InGomlng Resou¢$ Donation5 Inv•slmeDt Income Totsl Incomlng Rosour¢ Resources Expended Direct Charrtable Exp8ndf(ure Grants Manag•ment & Athinstr8tson of Ihe Charity 80,100 43.500 Totsl Resources Expended (60,497) (15,895) Net Incomlng Resource8 Less Resources Expended Trnnsf8r8-in Galns (or Losses) On Disposal ol Fixed Assets Net Unrealtsed Investrnent Gains (or LosB•sI on Revaluation (2,052) 87.299 5.092 1,314 34,731 (9.489) Net Movement In Funds Balances brought foT%Yard 1 January 1,605,997 1,$96,508 1596 508 8alanceg carrled forwjrd 31 December Page 10 of 16
The Church Welfare Association (Incorporated) (a charile crmpany limited by guarantee) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 BALANCE SHEET 2020 Note 2021 Flxed Assets Investsmentg 1,406,071 1,432.054 Current Assets Accrued Income Incomo held by Agts Cash at Bank & wth Agents 1.166 198790 1,203 190 150 Totsl Currnnt As•0ts 199,963 191,384 Current Llabllltles Credrtor$-. Amounls falling due wlthin one ye 1758) (927) Not A888ts Represented by Unrntrlct•d R898rv Forthe year ended 31 Derxnb¥ 2021, the ccthpny was entiued to exempdon from audit undeT Seclion 477 Gompanies Act 2016. and no nobu ha5 been depod und Sectson 476. The direthrs aCKnedge Ihwr rttponsibilities for ensuring thatthe company keeps 8ccounting records. crynply *ith Secbrn 386. ond preparing accounts. whith gi¥e a true and fair View of the •t8te of affairs of the company as at th• end of the period and of its income and exwdibJr¢ for the Iln8wal report. in accordance ith the requiremenls of sed1) 394 and 395. ar vknich othSe wth the requirement8 of the Companies Act 2006 Telaling to acciyjnts. as applicabk to the Clynpany. Th¢ arxwnts are prepared in aCCordare with the special promsions ol Part 15 ofthe GpanIeS Act 2006 Tel8ting to small c(Mnpanies gures shoym h•¥e bo¢n rounded to thè nearest £1. 1596 508 1,631 268 Page 11 of 16
The Church Welfare Association (Incorporated) (a chariiabie Gcmnpany limrted by guarantee) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 I. NOTES TO THE FINANCIAL STATEMENTS 1.1.Ac¢ountlng Conventlon The finar$¢i statements have been kYep8red in ac¢orf8nc8 ilh the Flnancial Reporting Stsrthrd allle in the UK and Republic of Ireland IFRS 10218nd the Accounting and reporting by Charthas: Statunent of Recommended Prac1ice appli¢8ble 10 chaTilies prenDY their ac£ounts in adance VAth FRS 102. and th• Companie9 Act 20C6. The charity meets Ihe definiticn ofthe ywblic benefit aty under FRS 102. Assets and liatlitses are initially rectsjnised * historical cost ortransion value unless othwwi8e st8tsd in Ihe relevant accounts.ng Fdlry note beknw. The accounts have been prepar•J on the rJvJalrwJ c(rtem b8si> The we no merfal un¢ertaintses about the th8rlty'S atslty to crmlinuo. 1.2.Ba•ls of Preparatlon The financial Staternts are wepfjrnd on 4n b88is Drwj indude income gnd expeftdrtu as they 8re eamed or incurnl, r•therth•n cash 1$ r8coived or pid. 1.3.Income Invesbnent income COmlse$ Inlerest and di¥idends rwxived in the year the Fund's veStmentS, and indudes any assodated taxalion tr13 revable from HMRC. Grant inctyne and dtwations are iewised in Ihe of Fin8ndal Acbvilies on¢e the chadty has entilknie to kne fijnds. It15 probatAe thatthe income wryll ba cwved and the amount can be me•surJ 11. 1.4. Expendlturn Eypenditure is re¢ognised In the perfod In wthlch are Inwrtd. Res(yJr expended indLKle attnbutsbie VAT %thi¢h cannot be rewN*rnd. 1.5. Fund AcGountlng The ¢h817ty holds unre•irictad fund$ the fOU1n9 legades". Miss Elsie Heame HF Musket and Mis5 L W Bell Ail olher income less èxpenses of the dwrlty are Iwld In unfftstiicled funds. The charity holds no Designated or Restrided Fund5. Page 12 of 16
The Church Welfare Association (Incorporated) la charit8bie Ccmnpany limited by gu8rantee) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 1.6.Gains and Losses on Investment Assets The reallsed gain or Iw wising on the sale ofthe Fund's in¥estrients Is calcjjlated 85 the dtfference btheen the sale of proGeeds and the given Martetvalue at the previous 31 December or Ihe cost If purthased during the year. The unTeali5ed galn or loss is the adjustrnent requiredto slate InVestrn atth? given Market Value at the year end. 1.7.Flxed Assets The Inve#biients bjl th• F at 31 DeC]ber arn In the Bthnce Sheet at Mgthetvalue unw s18j in Note 4. Z Investment Income 2021 2020 Dlvldend Income Charles Stanley & Co Inveslment Ftholio Dlvidends from other Shares Epworth Investno Manwent (EV} portfolio CCLA- COIF Charities InwtrientlFlxad Interest Funds CCLA- CBF cdE In*Mtrnent Fund Bank Inteipst Epworth. Affiffnative t)ep)sii Fund CCLA_ COIF Charties Dewsit Fund GGLA. CBF CofE D•posit Fund Totsl Investment InGome 27,353 4.507 21,531 3, 708 10,181 1.939 11,617 1.872 13 349 66 24 Page 13 of 16
The Church Welfare Association (Incorporated) {a charifable company limrted ty guarantee) REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 3. Management and Admlnlstrative Charges 2021 2020 Trustees and Officers ExFense¥ Accountancy Fee$ Slockbrokefrs Fees Invastment Fees (Charles Stanley & Co) Fees & Expenaes (EFMOrth) Other Shares Legal & Professional Fees Company Registrar F¢•s Website Fees Printing and Postsge Companiès House F8•8 Gffts and Donation Other 745 745 9.166 1.359 9. 055 1,314 2.611 183 330 13 110 165 13 150 Total Manag•m•nt & Admlnl•tr•tlv• Charg•B The Assodation h83 no staff. No rr*mber ofthe cr1 r•cel¥ed any remun•ration during the year. Expenses incurred on b•halfof the Associabon r•mburned to membws or related parlies thereof £15112020: £163). Page 14 of 16
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The Church Welfare Association (Incorporated) 18 th8rit8bb comparty limited by guarantee) REPORTS AND AccourS FOR THE YEAR ENDED 31 DECEMBER 2021 Investments Includlng at Market Value Companle5 20 2020 Listed Securities Olher Fixed assets 1.430,976 1.369,353 Totsl Inv••tm•nts 1432 054 1406 071 5. Cash at Bank and wlth Agent• 2021 2020 Cash at Bank- Lknyds Cash on Deposlt- Eywortli [Affimaiivti Deposit Fundl Cash on Dep06rt- CCLA ICOIFJ Cash on Dep08f(- CCLA [CBF ColE] Total C#b at Bank and wlth Agents 16,310 3,521 6,391 4,800 163.347 15,612 163,347 15,612 198 790 6. Llabllity of Members The CMip•ny 1$ fimited ty guarnntee. ore c•yt4 and underthe tems ofthe Memorandum of Assori8b"on every member ofthe ¢(panY undertakes to conlribut6 to the a$5ets of the ompany in the ev•nt of it bwng wvJnd up tthich he or she 1$ member, or Nmthin one year after he or the ceases to b• a member, swh act as may be required not ex(%eding one Pound. Page 16 of 16