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2020-12-31-accounts

REGISTERED CHARITY NUMBER: 297894

Annual Report for the Year Ended 31 December 2020

For

Triratna Cambridge

1

Triratna Cambridge

Contents of the Financial Statements for the Year Ended 31 December 2020

Page
Report of the Trustees 2 to 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 to 17
Independent Examiners Report 18

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TRIRATNA CAMBRIDGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 31[st] December 2020. The trustees have adopted the provisions of the ‘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)’.

The trustees have had regard to the guidance issued by the Charity Commission on public benefit (PB1, PB2, PB3).

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name and Number

Triratna Cambridge: registered charity number 297894 Operating under the name: Cambridge Buddhist Centre.

Registered Address

36-38 Newmarket Road, Cambridge, Cambridgeshire, CB5 8DT

Trustees during 2020

Mr Bernard Murphy (Ratnaghosha) – [removed from trustees in July 2021] Mr James Sessions (Arthasiddhi) Mr Jeffrey Wood (Samudraghosa) MsVirya Jyoti (Viryajyoti) Ms Harriet Lintott (Saddhahadaya)– [resigned March 2020] Mr Eoin Dowling (Maitridaka) – [resigned May 2020] Ms Sarah Bannock (Vidyasakhi) MrArthapriya O’Neill (Arthapriya) Mrs Mary Wild (Kamalamati) [appointed April 2020] Mr John Turner (Sarvajit) [appointed June 2020] Mr Santosh Kamble (Sanghanath)[appointed September 2020]

Professional Advisors

Bankers:

Co-operative Bank, PO Box 101, 1 Balloon Street, Manchester, M60 4EP

Independent Examiner:

Annemie Philips (Satyapara) 3 Oak Tree Avenue, Cambridge, CB4 1AZ

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OBJECTIVES AND ACTIVITIES OF THE CHARITY (includes ‘Achievements& Performance’)

The object of Triratna Cambridgeis the advancement of the Buddhist religion.In particular:

  1. To encourage members and others to live in accordance with the teachings of the Buddha;

  2. To support ordained members of the Triratna Buddhist Order and other duly ordained Buddhists, at thediscretion of the Council of the Triratna Cambridge;

  3. To maintain close communication with and work under the guidance of the Triratna Buddhist Order andin co-operation with other groups with the same objects.

  4. To use applications of the Buddha’s teaching to promote the health and well-being of all.

Late in 2019 had seen a change to the previous programme of introductory meditation and Buddhism events. 2020 was the first full year of this change being enacted, which also entailed a move towards a ‘dana economy’, where meditation and Buddhism events are provided free of charge (with the opportunity to donate to the Centre) rather than having a fixed fee for attendance.

To repeat the comment on the reasons for this change from the 2019 annual report:

The reasons for this change were twofold: the new courses are intended to offer a clearer pathway for newcomers to take their practice of meditation and potential interest in Buddhism further; a further consideration was the intention to move away from a situation where ‘Sangha’ (community) activities – which lie at the heart of the Charity’s objects, particularly objects 1 and 2 - are being effectively financially supported by the income from newcomers courses and classes, and towards one in which our courses, classes and events are aimed at a wider range of experience: newcomers are not simply channeled into beginners’ classes and expected to progress along a pre-determined route, but are able to self-select and participate in classes with people of a wider range of experience in order to create a more vibrant, inclusive and transparent atmosphere at the Buddhist Centre. There was also a perception that numbers on the traditional six-week courses were dropping anyway, with a concomitant reduction in our income.

Meanwhile, this was the further comment below from the 2019 annual report – a comment that was to be largely swept aside by the effects of the Covid-19 lockdown, which began in late March 2020 with the enforced closure of the BuddhistCentre – a closure that remains in place, a year or so on, at time of writing, but with plans now being made for the reopening of the centre later in 2021:

Meanwhile there remains our meditation drop-in classes four times a week and a weekly Buddhism teaching drop-in class. There are also normally about ten study groups which meet regularly. In addition, the Buddhist Centre organises one or two non-residential retreats, up to seven weekend retreats a year and numerous day events introducing people to meditation and Buddhism, and a variety of teaching and practice days for more experienced practitioners. The Cambridge Buddhist Centre is also a venue for courses in Mindfulness Based Stress Reduction, ‘Deep Relaxation’, Yoga and Tai Chi, all of which are well attended. Because the Charity occupies an historic theatre there are also arts events and occasional open days for the general public.

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And similarly, this was a further paragraph from the 2019 report which was again put on hold due to the covid-19 pandemic:

Our activities continue to expand. We continue to host visits from schools; and about 85 people have requested ordination into the Triratna Buddhist Order. The Cambridge Buddhist Centre is thriving and having a larger staff team means we can build on this success. In future we are hoping to have a stronger arts strand in our events calendar and expand our daytime activities.

March 2020 onwards - the covid-19 pandemic:

The BuddhistCentre team and trustees responded well and rapidly to the sudden closure of the Buddhist Centre in March 2020 due to the covid-19 infection control measures. The normal programme of events was run, as far as possible, via Zoom and YouTube etc, whilst the team and trustees continued to meet, as ‘normal’, via Zoom.

The generosity of the Cambridge Buddhist Centre Sangha members was a great boon at that time, both financially and psychologically for us. It gave us confidence to be able to continue and – coupled with the generosity of government grants also – meant that we were able to achieve a good financial result in 2020.

The profit we achieved in 2020 was effectively due to the large increase in Standing Orders that occurred during this time – along with some large one-off donations. Our planned fundraising campaign, and transition to a more fully ‘dana economy’ had effectively been given a coincidental boost by the pressing effects of the covid-19 emergency on the Centre’s activities and resources.

Donations aside, several other income streams were adversely affected by the closure of the building. Most significantly, our Bodywork net income reduced as classes moved on to Zoom sessions conducted from teachers’ homes. In this situation it was appropriate that the teachers would take a higher cut of the income than was normally the case.

Our subsequent reduction in Bodywork profits in 2020 were, however, almost exactly offset by the Local Authority grants awarded to rateable leisure businesses. The City Council classes our Bodywork studio activities as a rateable leisure business (on which we pay business rates, with a deduction for charities). This therefore made us eligible for these grants, which amounted to a £10,000 one-off payment in 2020 – with similar forthcoming in 2021 also. We also benefited from the rates ‘holiday’ that was awarded to all business ratepayers for 2020/21.

Another big fall in income came in Fixed-fee events (a fall of about 12k net income, compared to 2019). In 2020, all our events (from late-March onwards) were held on Zoom and ‘by donation’ only –this helped to boost the donations figure,but it meant that we weren’t getting any fixed-fee event income from such events, as we had done previously.

Whilst this was a strategic change we had been looking to initiate anyway, we nevertheless missed out on significant fixed-fee income as a result of the pandemic. For instance, we were unable to hold any residential retreats, which is usually a key part of our fixed-fee events income.

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And there was a net fall in income of about 7k in other income streams related to the Buddhist Centre building being open – most notably the gift shop, as well as various miscellaneous facilities-type income.

However, these falls in income (other than Bodywork income) were effectively offset by a mixture of corresponding savings in building running costs – maintenance, heating, etc – and by the Government’s Coronvirus Job Retention Scheme (aka Furlough Scheme).

We were able to furlough one part-time staff member throughout 2020, whose role was linked most strongly to in-building activities(such as the gift shop, reception-desk management etc.) that had had to completely cease. Alongside that, other members of staff were periodically furloughedin recognition that the nature of running an online-only Buddhist Centre did result in less work – at times – for some of the staff roles.

The furlough scheme became much more beneficial for usin that respectonce it evolved into a ‘flexible furlough’ scheme. This allowed furlough grants to be claimed for staff whose roles still needed to be undertaken, but who only needed to work part-time hours, for a period of time, due to their roles having been affected by the enforced closure of the Buddhist Centre.

On the other hand – especially in the early days of the pandemic – it was all hands to the pump for many of the staff team with some of the team working many extra hours to ensure the Buddhist Centre remained operational at that time, albeit in a new ‘online’ form. The furlough scheme perhaps then came as a welcome break for some staff members, as a way of recouping energies from the various strains that the pandemic has resulted in – whilst being able to nevertheless remain on the Buddhist Centre payroll.

For some of the staff team, though, there was no such break – especially with the charity continuing to operate without a full-time Chair throughout 2020, the role being carried out temporarily by Vidyasakhi and Arthasiddhi, in addition to their existing team roles.

In 2021 the charity will, all being well, be able to appoint a new staff member and increase the team back up to full capacity. This will of course add an extra cost to the finances, and it is well, therefore, that the 2020 result was such a financially positive one.

Designated Maintenance Fund:

The other effect of the 2020 profit is that the money made in this year has been largely transferred to the ‘Designated Maintenance Fund’. This is a fund which sets aside monies for ongoing maintenance to the building. At the end of 2020, this fund is now reimbursed back to the kind of level that it needs to be at in order to ensure that funds are at hand for any major maintenance work that may (and probably will) be required.

We are on a ‘repairing lease’ with Windhorse Trust, the owners of the building. This means that we don’t pay rent but are required to keep the building in good order. Given the nature of the building, and its ‘listed’ status, these ‘repairing’ costs are reasonably substantial. They can be viewed in these accounts, in the expenses section of the SOFA, under the ‘Management and Administration’ heading (note 7).

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The ’repairing’ costs effectively equate to the ‘building and maintenance’ total, which represents day-to-day repairs and maintenance. However, there is also the ‘depreciation of fixed assets’ figure to add to this. This figurerepresents an annual proportion of previously purchased assets that are of a ‘Fixed’ (or ‘Capital’) nature - Capital Assets being those assets that are intended to be used over a number of years (rather than in one accounting year only) and are sufficiently large for that cost to be spread over a number of years in the accounts.

A high proportion (about two-thirds) of these Fixed Assets relate to improvements we have had to make to the building (‘improvements to leasehold’ as they are referred to in the notes to the Balance Sheet).

MANAGEMENT AND GOVERNANCE ARRANGEMENTS

Recruitment and appointment of new trustees

The governing document allows a minimum of 5 and a maximum of 15 trustees. New trustees are invited through discussion between existing trustees, to ensure that they are in harmony with the aims of the charity. In practice this means that trustees are selected from the pool of ordained Buddhists within Cambridge (approximately 120).

New trustees are given a copy of a guidance document outlining their responsibilities (incorporating material from The Essential Trustee), and a copy of the governing document. In some cases, they are invited as a guest to a trustees’ meeting beforehand, so that they can witness the operation of the meetings.

Seventeen such regular meetings were held (on zoom) in 2020 [a lot more than usual, due to the covid-19 crisis], in addition to an AGM and EGMs.

Risk management

The trustees have a duty to identify the risks to which the charity is exposed, and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

They regularly review the risk assessment. The major financial risks are connected with our exposure to variations of fundraising income and donations from individuals.The major operational risk is our reliance on volunteers for all the core teaching activities, as our Buddhist teachers are not paid for their services.

This, in a way, can be evidenced in 2020 – for despite being unable to use the building virtually at all for over a year, we nevertheless achieved a good financial result due to donations, and being able to operate on Zoom, with the Centre team being flexible and resilient enough to manage this process.

Since the appointment of a full-time Properties Manager, the last few years have seen good progress made in areas of non-financial risk such as fire safety and health and safety, etc.

Some key income streams, though, which were previously fruitful and reliable (e.g. Mindfulness Based Stress Reduction) have reduced significantly. So, this will need to be monitored going

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forward and alternative arrangements put in place to try to replace / bolster such income streams if necessary.

Our safeguarding policy states:

“Our activities include children in the following ways, regularly or from time to time: school group visits, parents’ meditation circle, festival days, occasional other events.The trustees of Cambridge Buddhist Centre recognise their responsibility to ensure the welfare of all those aged under 18 visiting or involved in Buddhist Centre activities.”

Our latest Child Protection Policy was updated in July 2021. We are registered with ThirtyOneEight (previously known as CCPA). Our Safeguarding Officer is Padmajata with Vidyasakhideputising in case of her absence.

The full policy is available on our website at: http://www.cambridgebuddhistcentre.com/policies

Reserves policy

The trustees see it as their responsibility to hold reserves in order for the charity to function properly. The income of the Cambridge Buddhist Centre comes from (in order of amount):donations, bodywork classes, rent from the investment property, fee-paying classes and events, the giftshop, fundraising events and other facilities such as room hire. There is some variability in the major components here as they depend on decisions made by individuals.

On the other hand, the expenses are largely fixed and non-discretionary: personnel salary and related expenses (generally around 40% of total expenditure), as well as running costs. Therefore, in order to maintain liquidity and avoid making staff redundant, the Buddhist Centre needs to hold a substantial reserve. Therefore, the trustees usually plan to hold between 3 and 6 months expenditure as free reserves.

At the end of 2020, our unrestricted undesignated cash reserves were4 months’ worth of expenditure.

Meanwhile, we aim to hold at least £20,000 for designated maintenance projects. Our good result in 2020 enabled us to top up this fund sufficiently, after it had become depleted in recent years.

Contributionsfrom individual donorsare continuing to be received into two restricted “benevolent funds”. The aim of these is to build a fund for the long-term well-being and Buddhist practice of two individual Triratna Order Members who were both previously the Chair of our charity (in the case of the “Ruchiraketu Benevolent Fund” and the “Ratnaghosha Benevolent Fund”) and for Triratna Order Members who are former employees / significant volunteers of the charity (in the case of the “CBC Benevolent Fund”). Payments from these funds are as decided by the trustees, in line with the objectives and activities of the charity.

The adequacy of the reserves policy is reviewed annually.

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DISCLOSURE NOTES on staff & payments to trustees & other related party transactions:

9

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the trustees at Trustee Meeting

……………………………………………………………………………….. Mr Jeffrey Wood (Samudraghosa), Secretary 1[st] October 2021

Trustees onmeeting date 1[st] October 2021

Mr James Sessions (Arthasiddhi),Mr Jeffrey Wood (Samudraghosa), MsVirya Jyoti (Viryajyoti), MsSarah Bannock (Vidyasakhi), Ms Mary Wild (Kamalamati), Mr John Turner (Sarvajit), Mr Santosh Kamble (Sanghanath), MrArthapriya O’Neill (Arthapriya).

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STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31[st] December 2020

Income: Total Total
Notes Unrestricted Designated Restricted Funds Funds
Funds Maintenance Funds 2020 2019
£ £ £ £ £
inc. Yatra
Donations & Legacies 1 86,193 0 18,915 105,108 83,288
Charitable activities 2 67,246 - - 67,246 112,411
Other trading activities 3 2,893 - - 2,893 7,667
Interest and investment income 4 34,947 - 415 35,363 36,993
Other income (Government Covid Grants) 5 22,075 22,075 0
Total Income 213,354 - 19,330 232,685 240,359
Expenditure:
Direct charitable expenditure:
Buddhist Centre 6 114,841 - - 114,841 142,129
Support of Buddhist Activities 7 15,657 - 19,030 34,687 29,268
Management and Administration 8 40,354 - - 40,354 51,274
189,881 222,670
Raising Funds: 9 15,162 - - 15,162 15,475
Total Expenditure 186,013 - 19030 205,043 238,146
Nb: Net income before investment gains 27,341 - 301 27,642 2,213
Net Gains / (losses) on investments - - - - -
(revaluation of 65 Abbey Road)
Net income / (expenditure) 27,341 - 301 27,642 2,213
Transfer in from restricted/designated -
funds* - - - -
(*purchase of fixed assets from restricted funds –to be
used for unrestricted purposes, and to be depreciated
from unrestricted funds)
Reconciliation of funds
:
Funds brought forward 635,389 2,615 57,524 695,528 693,315
Net income / (outgoings) for the year 27,341 - 301 27,642 2,213
Transfer in from restricted/designated funds*
Transfer to Designated Maintenance Fund -25,000 25,000
Total funds carried forward 637,730 27,615 57,824 723,169 695,528
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BALANCE SHEET

As at 31[st] December 2020

Notes
Unrestricted
Funds(incyatra+kusala)
Designated
Maintenance
Restricted
Funds
£
£
£
Fixed Assets
10
55,841
-
-
Investment Assets
14
496,000
-
-
Current Assets:
Cash and bank
26,895
27,615
24,755
Cash held as investments
36,504
31,184
Debtors
11
22,166
-
1,885
Stock_(Gift Shop)
5,028
-
-
90,593
27,615
57,824
Creditors:Liabilities due in one year
12
-4,704
-
-
Net current assets
85,889
27,615
57,824
Total assets less current liabilities
637,730
27,615
57,824
Creditors:Liabilities due after 1 year
13
-
-
Net assets / liabilities
637,730
27,615
57,824
Represented by
:
Unrestricted funds(inckusala& yatra)_
‘Designated Maintenance’
65 Abbey Road revaluations
UNRESTRICTED FUNDS
Restricted Benevolent Funds
Restricted Ely outreach fund
RESTRICTED FUNDS
TOTAL FUNDS		 Total
Funds
2020
£
55,841
496,000
79,265
67,688
24,051
5,028
176,032
-4,704
171,328
723,169
-
723,169
269,557
27,615
368,173
665,345
57,391
433
57,824
723,169

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Notes to the Financial Statements for the Year Ended 31[st] December 2020

ACCOUNTING POLICIES

Accounting convention

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)’.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitledto the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costrelated to the category. Where costs cannot be directly attributed to particular headings they have been allocatedto activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful economiclife.

Land and buildings - 2% on cost Plant and machinery etc - 25% on cost, - 20% on cost and - 10% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictionsarise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the Annual Report above.

We have also now set up a designated fund for maintenance projects. There is no restriction on the use of these monies, but they have been set aside in this fund to ensure that provision is made for the maintenance projects that are pending.

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NOTES TO SOFA

1. Donations Income
Donations(unrestricted)inc yatra
Donations (restricted)
Grants_(Windhorse Trust)
2. Charitable activities
Fee-paying dharma activities_inc yatra
Bodywork
Gift Shop
Meditation services / events
Schools visits
Other
3. Other trading activities
Fundraising & facilities
Arts Events
Rental of storage space
Second-hand book sales
4. Interest and investment
income
Interest (unrestricted)
Interest (restricted)
Investment income
5. Other income
(Government covid support)
Coronavirus Job-related support
Local Authority Leisure grants
6. Buddhist centre expenditure
Re: Fee-paying dharma activities_inc_
yatra
Gifts
Personnel_(not including pension)
Pensions for employees
Publicity[re charitable activities]_
Travel & Entertainment
Bodywork
Vehicles
Gift Shop purchases		 2020
85,193
18,915
1,000
105,108
22,948
41,078
1,363
816
980
62
67,246
480
270
2,000
143
2,893
647
415
34,300
35,363
9,702
12,373
22,075
8,093
182
74,965
3,055
665
195
25,713
1,525
448
114,841		 2019
62,353
20,935
-
83,288
46,176
55,644
8,706
594
945
346
112,411		 2019
62,353
20,935
-
83,288		 2019
62,353
20,935
-
83,288
506
3,881
2,400
880
7,667
659
415
35,918
36,993
0
0
0
18,877
178
78,452
5,050
1,811
258
28,594
2,716
6,192
142,129		 506
3,881
2,400
880
7,667
659
415
35,918
36,993		 506
3,881
2,400
880
7,667

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Notes to the Financial Statements for the Year Ended 31[st] December 2020

7. Support of Buddhist
activities
Support of other Triratna
Support of other Triratna (Restr)
Staff retreats and training
8. Management and
administration
Building & Maintenance
Depreciation on fixed assets
Office costs (inc bank charges)
Consumables & cleaning
Shrine
Small assets
Mitra convening expenses
Book library
Independent Examination fee
9.Raising Funds
Meditation services / events
Fundraising
Investment property
Arts events expense		 2020
10,236
19,030
5,421
34,687
17,187
15,422
6,227
773
232
481
33
0
200
40,554
400
0
14,762
0
15,162		 2019
10,486
9,962
8,820
29,268		 2019
23,283
17,962
4,796
2,036
1,762
926
286
24
200
51,274
9.
0
191
13,387
1,897
15,475

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NOTES TO BALANCE SHEET

10. Fixed Assets
Cost 1stJan 2020
Additions
Disposals
Cost 31stDec 2020
Depreciation 1stJan 2020
Charge
On disposals
Depreciation 31stDec 2020
Net Book Value 31stDec 2020
Net Book Value 1stJan 2020
*This is ‘improvements to leasehold’ (we are on a
repairing lease at the Buddhist centre, which is owned
by Windhorse Trust) + F&F for our investment
property.		 Land &
Buildings
121,652
6,863
128,515
66,756
10,933
77,689
50,826*
54,896		 2020
2019
Plant &
Machinery
Total
Total
107,176
228,828
225,603
1,200
8,063
3,287
-
0
-61.83
108,376
236,891
228,828
98,872
165,628
147,666
4,489
15,422
17,962
103,361
181,050
165,628
5,015
55,841
63,200
8,304
63,200
77,937		 2019
Total
11. Debtors
Trade debtors 20 2,485
Prepayments 6,267 8,593
Accrued income (eg Gift Aid Return) 16,841 12,515
2020 includesRestricted accrued gift aidof £1,885;
2019 includesRestricted accrued gift aidof £2,875;
Float for New View investment property management 600 650
VAT reclaim (LPOW scheme) 324 -
24,051 24,244

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Notes to the Financial Statements for the Year Ended 31[st] December 2020

2020 2019
12. Creditors
Trade creditors (inc credit card) -2,027 2,762
Taxation & Social Security - -
Deposits received (key fobs) 1,650 1,660
Accruals 825 2,501
Deferred income(advance receipts) 4,256 14,776
4,704 21,699
13. Creditors over one year
Bank loans - -
Other creditors - -

14. Investment Asset

The charity’s investment asset (property held for private rental – 65 Abbey Road – was kept at a value of £496,000 as per its value on the internet (zoopla).

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Independent Examiner’s Report

Report to the trusteesof
Accounts for year ended		 CAMBRIDGE BUDDHIST CENTRE (Triratna Cambridge)
31stDecember 2020
Charity no
297894

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

----- Start of picture text -----
Date: 28/09/2021
Signed:
Name: Annemie Philips (Satyapara)
Association of Certified Chartered Accountants.
Relevant professional
qualification(s) or body:
Address: 3 Oak Tree Avenue, Cambridge CB4 1AZ
----- End of picture text -----

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