ORANGEHELD PRESBYTERIAN CHURCH e•nw•golion •f th• Pr•sbyk•riaD Chh In Ir•land STATEMENT OF FINANaALACTMTY forthe ar •nd•d 31 Derember 222 lrnim• and Enthwments from: Donations and legacles Charltable arttvltles 383,147 462,576 98,884 845,723 98.884 78.477 573 743,116 83.923 41.441 Other tradlng adivStles Investments 75,873 573 Oth•r L838 1.838 27.238 Total 461,431 S64,064 1.025.495 896,3 Expendlfvre o Ralslng funds Charfitable actlvtties Other 403,693 73,578 441,140 844,833 73.578 715.663 55.278 Total 477.271 441,140 918,411 rn1,941 Net Intom• / lexwd1Y•j 115,8401 122,924 107.084 125.419 Tr•nsfers between funds 215,179 1215,1791 Nrt fflov•m*nt In fvn 199.339 19Z,Z551 107,084 125.419 Reconclllatlon of fvnds: Totsl funds brou8htforward 1405,1471 2,846.837 2,441. 2,316.271 Totsl funds fomrd 20 1205,8081 1754,582 2.548.774 2.441.69) Page 16
ORANGEFIELD PRESBYTERIAN CHURCH ongr•gallon Ol th• Pr6y•afi Churth in Ir•l¢# STATEMENT OF HNANCIAL POSITION Asat 31 Dètsmb•r 2022 Flx•d •$t. Tangible a35ets Investments 12 ij 13,973 2,559,297 I573,270 2,647.833 Tot•1 flx•d •sÉ•ts 13,973 2.559.297 2,573,270 1647.833 Current •xsets DÈbtors Cash at bank and In Thd 14 28,795 22,706 36,243 219,831 39,Sll 258,396 197,125 Total uJrr•nt •ss•ts 51,501 204,573 256.074 297,907 UabllStl•s: Credliors., Amounts falllng due wlthln one year 16 62,416 9.Z88 71,704 116,188 Net curYEntsMtsor Il•b511tl• 110,91SI 195,28S 184,370 181,719 Tot•1 l•ss curY•nt Ihbllltl•s Credltors: Arnounts falllng due after more than one year 17 208.866 208,866 387,862 Tot•1 n•t •M•ts or Il•WIItIg1 1205,8081 2,754,$82 2,548.774 2,441,690 Funth ofth• chrfty Restrlcted Incorne fvnds Unrestrkted fvnds 2,754,582 2,754,582 1205,8081 2,846,837 1405.147) 1205,8081 Totsl charttyfvn 1205,8081 1,754,582 2,548.774 2,441.690 Approved by the Klrksesslon at a meetlng on 15th May 2023 and sl¥ned OD its behalf bv Rev Gareih Ma¢Lean Isth May 223 Mrjeremy Dowd 15th May 2023 Py17
ORANGEFIELD PRESJYTERIAN CHURCH a (gr•gatIoTh of th• Pr•sbyl•rian Church In Ir•land STATEMENTOFCASHFiOW Ye4rended 31 December 222 Note5 Cash flow fvom 0por•t1 •cthltl•s Net IncomellLossl 107.C 125,419 Adlu5tmentlgr. Deprtclatlon of tsIblefiXed assèts 74.562 74,562 Chonqes In Trade & othèr dtbtors Trdde & oth•rcr•dltors 3,268 117.4931 14819) IXl.910) Net cash frorn oporatlng actlvStle5 167.421 170252 C•stt fiow Irom Imiestlw •ctlvltl Purchase of tsn8lble ass•ts Net cash from operatln8artfvitles N•t Increase/de¢r•s In c•$h & cash equlvalents Cash and cash oqulvalents at be8lnnln¥ gf yeir 167,421 1206,ts21 170,252 1377.wl Cash and c•sh equlvalents at end of ye•r Is 139,4111 I2(.832) P•ge 18
ORANGEFIELD PREs8YfERIAN CHURCH wngr•galion of th• Pr•sbyt•ri•n Chur¢h In Ir•land NOTES TO THE ACC¢NJIITS aist D•r•mher2022 ACCOUNnNG POUCIES BASS OF HNANaALSTATEMENTS The finandal statements have been prepared In accord•nc• wlth Accountlng and Reportlng Charities: Statmont of Recomrnended Practlce appllcable to tharltles preparfng thelr account5 In attordance wlth Flmndal Réportlng Standard appllcable In the UK and Ireland IFRS1021 leffectlve l Janu4ry 20151. The flnantl)I statements have been prepard under the hlstorltal tost conventlon except for Investment assets. thlth are sknwn at market valw. The flnanclal statemerrts IrKlude all transactlons, assèts and Itabllltles for whlth thè tongrtgatlon Is resptsnslble In law. They do not [lUde the accounts of church groupstt owethelr afflllatlon to another body, nor those thatare Infomial ther1$ of churth member FUNDACCOUNnNG Endowment funds are fvnds. the c4pltal of whlch murt be retalned elther permanently or at the congre8atlon's dlstrétlon: the Intome d•rfved from the èndowment 55 to used elther as restrlrted or unre5trfcted Income fund5 dependlng upon the purpose for whlth the endowment was establlshed the flrst ploc•. Re5tr1cted hjnds comprlse {•) Incpmè from endowments whl¢h Is to be expended only on th• rèstrlrted purposes Intended by the donor and Ibl revenue donatlons or gronts for a speclfic congregatlonal artl¥lty Intended by the donor. Where these funds have unspent bahnces, Interest on their pooled Investment Is apporttoned to the IndIdual funds on an average balance basls. Unre5trlcted fijnds are IrKorne funds whlch •re to be spent on thè coniregatlon's general purposes. Des*nated ftsnd5 are Keneral funds set )slde by the congregatlon for use In the future. Page 19
ORANGEFIELD PRESBYTERIAN CHURCH a tongrè9don of Ihe Pr•sbyt•rfan Chvrch in Ireland NOTES TOTHE ACCOUNTS 31st Dember2O22 ACCOUNTING POLICIE¥¢ont'dl INCOMIN6 RESOURCÉS I1•CottE00f I91n8 I)Ur¢$ These are included In the Statement of Flnanclal Artlvltles ISOFAI when: the congregation becomes entitled to the resource5,' the trustees are vlrtualty certaln they wlll receive the resources: and the monetary value can be measured wlth sufflclent rellably. IKom5nB r•sources wlth rnlatedexpondltur• Where Incomlng resources have related expenditure la5 wlth fundralsln8 Income) the Incomln8 resources and related expendlture are reported gro55 In the SOFA. Gr•brts •nddoftatlons Grants and dtsnatlt)ns are only Included In theSoFA when the congregatlon ha5 uncondltlonal entltlernent to the resources. Tax rachlmson don•tlons and il In¢omln8 resources frorn tax reclalms are Included In the SOFA atthe same tlmt •$ the 81ft to whlch they rel)t•. lvl Contr•ctu•l Incom• •nd p•rforminc• rtithdirnnts Thls Is only Included In the SOFA once the related 8oods or $wvlces have been dellvered. l¥11 61ft3 Sn klnd Gofts In klnd are accounted for at a reasonable estlmate of thelr value to the charlty or the arnount actually reallsed. Glfts In klnd for sale or dlstrlbutlon are included In the accounts as gifts only when sold or d15trlbuted by the charlty where the value Is greater than £2,YXI. Glfts In klnd for use by the chartty are Included In the SOFA as incomlng resources when recelvable. Donbt•d sebViC•S•nd faciltti•s These are only Included In Incomlng resources Iwlth an equivalent amount In resources expended) where the benefit to the charlty Is reasonably quantlflable, measurable Ind rnaterlal. The value placed on these resources Is the estlmated value to the charlty of the serylce or faclllty recelved. 1111 Volurteey help The value of any voluntary help recefved Is not Induded In the accounts but Is descrlbed In the trusteés, annual report, 1151) Investment Ih¢om• Th15 Is Included In the accounts when re¢elvablè, (lvl I•Stment1*sn$and loi¥e5 Thls Include5 any Kaln or loss on the sjle of Imitstments and any 8?In or loss resultlng frorn revalulng Investments to market value at the end of theyear. Pa8e 20
ORANGEFIELD PRESBYTERIAN ¢HURCH ngr•galion of th• Pr•sbyl•rlon ¢hur¢h in Ireland NOTES TO THE ACCOUNTS 31st December 2022 ACCOUNTING p1clE¥Cont,dj EXPENDITURE AND UABILITIES Liability retognttlon Llabllltles are recD8nised as soon as there Is a legal or tonStrurte obllgatlon commlttlng the cpngregatlon to pay out resources. These are shown withln tharltable actlvltles and Include the costs of prtparatlon and examlnatlon of accounts, the costs of trustee meetin8$ and cost of any le8al advltè th truste on 8overnènte orconstltutlonal mattrs. I[1 Gnnts Twlth pèrforminc• ¢A)ndltEons Where the chaflty Blves a 8rant wlth condltlons for Its payment belng a speclfic level ot servlce or output to be provlded, su¢h 8rants are only recolSed In the SOFA once the reclpltrtrt of the grant has provlded the speclfled servlce or outpuL GrAnts rAy•bh wlthout pèrformarth condltlons These are onty reco8n15ed In the accounts when a commltment ha5 been m4de ond there are no condltlons to be met rel•tlng to the ¢rant whlch rem•ln In the ¢ontToI of th• ch•rlty. SuppDrt costs Support costs Include central functlons and have been allocated t¢ actlvlty cost categorles on a basls conslstent wtth the use of resources, •.g. allocatin8 property costs by floor areas. or percaplto, staff costs by the tlme 5p2nt and other costs by thelr usaie. Tarylbk Flxd &s¢ts Tangible fixed assets for use by charlty are capltallsed If they can be used for more than one year, and cost at least £2,503. They are valued at cost or, If glfted, at the value to the chadty on recelpt. Depreclallon Is recorded on all tan8lble fl¥ed a55ets other than freehold land, at rates calculated to write of the cost, less estlmated resldual value, of each asset over Its expected usefvl Ilfe as follows. Bulldlngs: Flxture5, fltting5 artd equlpment Motor Vehlcles Computer Equlpment - over 50 years - ¢>ver IOyear5 - over 4years - over 4 yea As the malorlty of flxtures, flttings and equlpment were purchased In 2008 they are deemed to b• of Ilmlied valuè so not Included asTanglbl• Flxed Asse1% It Is not pollcy to c4pitsllse computers and associated hardware. Inv•stments Investments Quoted on • rrfognlsed stock exchan8e are valued at market value at the year end. Other Investment aet¥ are Included at trustees, bèst estlmate of market value. Pa8e 21
ORANGEHELD PRESOYTERIAN CXURCH on9r•gali•n of th• Pr•sbyl•riqn Chtlrth In Ir•land t4OTES TOTHE ACCOUIITS Iconvdl 31rt 1)•t•mlJ•r2022 DONATION5 AND LEGAaES Recorded 8tvlni', Loose collertjons Donation5 and 8lfts GIftAld Leydes and bequest 318,023 8.783 4S6 54,885 248.257 566,280 8,783 14L275 93.820 35,565 520.442 6,655 12L128 94.891 140,819 38,935 34,565 383,147 461576 845,n3 743,116 ctr14RITABLE AcnviTIES Membershlp fees Fundralsln8 events GTrnts 42,142 1,226 SS,516 42.142 L226 55,516 28,944 54.979 98,884 83.923 pa 22
QRANGEFIELD PREsDYfERIAN CHURCH ngr•gailon of th• Pr•sbyl•rldn Chur¢h In Ir•lond IIOTES TOTHE ACCOUNTS Iconvdl l•t D•r*mlJ•r 2022 OTHERTRADING ACTIVITIES I 11 Café Othertradln8 Incomp 67,334 8,539 67J34 IL143 39.876 L565 75,873 78.477 41,441 INVESTMEfiTS Deposlt Intsr•st 573 573 642 573 573 642 OThER INCOME I 11 Coronavlrusjob Ret•ntlpn scheme Oth•rlncom• 27.077 161 L83 1.838 1,838 27.238 RAISING FUNDS FWO eftvelopes Fundralsln8 events Page23
ORANGEHELD PRESBYfERIAN CHURCH a wn9r•gqlion of th• Pr•sbyl•Tian Churth in Imluhd NOTES TOTHE ACCOUNTS Icob)Vdl aist D•£•mb•r 2022 CHARITAB AcnvmES General Assembly Asse55rnents Pre$bfee$ Mlnlstryand supportstsff costs Con8re8atlonal Tunnln8 èxpenses Donatlons to Mlsslons and charltle5 Depreclatlon of Flxed Assets Governancè tosts-lndudlng audltors remuneratlon Extptlonal costs of charitsble adlvltlès 20,IJ49 889 242.768 113.934 20,677 1996 3,380 26.368 46,417 43.742 927 264,333 149,822 168,289 74,S62 7.588 40,532 103.034 198,640 72,566 283.3 216,968 219,317 74.562 403,693 441,140 844.833 715,663 Audltoys r•mun•rntlon 2022 2021 Fees Payable for the audlt of the financlal st•tements Fee5 payablè to the charlty'$ audltor and Its assoclates forother servkes Othernon-audlt serv15 OTHER EXPENDITURE IStment propertles expenses ARC 8ank Interest on Loan 64,372 9,206 64,372 47,079 8.199 73,S78 73,578 55.278 EMPLOYEES Employm•nt Co Wages and Salarl•$ SocFal Securlty Costs Penslon contrfbuilofts 284,193 23,810 30,438 236.308 22,744 27.254 338,441 286.3 Page24
ORANGEFIELD PRESBYTERIAN CHURCH tgr•gOI•0 ol th• Pr•sbyloriah Chur<h in Iroland NOTES TOTHE ACCOU14TS Iconvdl 31st Detmbèr 2022 Numb•rof Emplo•$ The average numberof employees. Includlng thè mlnlsterof thè tongregatlon. durlng the year was Avèragè number of èmployees Is 14 Thère were no mployee5 In rÈeèlpt of employee bènefits In excess of £60,11 ii. PENSION COSTS The mlnlst•rs of the con8rÈgatlon arè membèrs of the Presbyterlan Church In Irelènd Pènslon Schemè12tsJ91. Thls Is a sthème operated by the Presbyterlan Church In Irèland a separate reglstered Charlty. The ton8reeatton pays an assessment to the Pfesbyterian Church In Ireland equlvalenl to the employees penslon tontrlbutlon for the Scheme and based on the stlpend pald to the minlsier, The Presbyterlan Church In Ireland Penston Scheme121))91 Is a funded Scheme of the deflned benefit type, provldlng defined benelts based on career avera8e revaluÈd salary. The Schémt has assets held In a separatèlv admlnlstered fvnd managed by 4 board of trustees. The Presbyterlan Church artd the S¢heme Trustees hove agreed a fundln8 plan to en5ur the Scheme15 5ufflclently franded to meet current and future oblliatlons, A forrnal schedule of contrlbutlons was drawn (tp on 25 Novernbtr 2015 whereby the Presbytwlan Churth 08retd to pay from 31 Dtc•rnber 2015 ¢ontrlbutlons of 24% ot penslonable larIt$ to cover the ac¢ru&l of beneflts for future service, •xp•nses, the cost of Insurlni death In seNlce benefits •nd lundlng the schm• deficlt. The contrlbutlons rnade by the congregatlon durln8 the year were Contrlbutlons 17,295 16,838 The con8re¥atlon operates a deflned penslon contrlbutlon pollcy for It5 employees. The scherne and Its assets are held by an Ir¢dependent scheme manager& The pen51on char8e represents the contrlbutlon5 due from the congregatlon durln8 the year Contrlbutlon$ 13,143 10,415 For the y•ar ended 31st December 2022 £821 was out$tandln¥ 12021.£NIII Page25
ORANGEFIELD PRESBYTERIAN CHURCH tOngr•gailon of th• Pr•sbyl•rlaTh Chur¢h In Ir•land NOTES TOTHE ACCOUIITS l¢orf 31st De¢ember2022 12. TANGIBLE FIXEDASSETS Cortorv•kntlon At start of ytar Addltk*n$ Dlsposals 3,628,30) 19,960 3.648261 At •nd of y•ir 3.628,3C 19,960 3.648.261 M¢l•ll¢n At st•rt of year Provtslon fory••r Dlsposal$ 1996.4371 172.5661 13,9921 11,9961 I1,1,429) 174,5621 At end of year I1.069,)3 15,9871 11,074,99Jl Il•t Bookvolue At start ofyear 2,631,863 15,970 2,647,833 At end of year 2,559.297 13.973 2.573,270 INVESTMENTS 20 General Investrnent Fund Investment Propertles NIA Value at stsrt of year Addltions DSsposals Impalrment Galns/lLosses on rnvaluatlonl Value at end of year Page26
ORANGEFIELD PRESBYTEAIAN CHURCH 4 ongr&gQrt•n of th• Pr•$byl•rfan Chvrth in Ir•land NOTESTOTME ACCOUNTS Itonvdl atst Dec•mber2022 14. DEBTC 2022 2021 30.617 610 100 GIftAld Retovèrablè Othèr Dèbtor Trade Debtors Prepayments .164 4.789 61S 12,675 36,243 39.sll fASH AT BAP4K AND IN HAND Danske General Funds D•nske Buildln8 Fund Presbytertsn Mutual Danske No 2 Alc Manse Account D•nske UAM D•n5ke MSG D•nske Benevolent D4nske OranKep5p5 ArcC•fé Youth Organlsatlons 71A27 14.617 J.917 34.358 29,399 6,883 13.633 17,978 34,291 7.434 16,238 4,323 11.065 11,708 14,451 26.492 17.119 7,255 17,843 ,645 17,546 sh It ThkInd In h•nd 219.831 258.396 8•nk loans 1259,2421 1465.2281 C•sh •nd C•sh•qulv•l•nts 139.4111 12(IS,8321 CREDITORS: •mount f•lllni du• wlthln on• yur Runnlng Costs Donatlons to other Ch4rltles PAYE Accruals & Deferred Income Loan wlth Danske Bank Provlslon for Doubtful d•bt VAT 3,221 .163 14,1771 12,IM2 50.376 13.103 77.366 L552 71,704 116.188 16•. D•f•rr•d Incom• 20U At l January 2022 Grnnt income deferred Amount r*leased to Income 10,103 36.166 137.2281 40,410 130.3071 At 31 Dec•mb•T 2022 10.103 Pa4e27
ORANGEFIELD PRESBYTERIAN CHURCH <ongr•golioh ol th• Pr•sbyl•rian Churth kn Ir•land NOTESTOTHE ACC(MItITS Iconvdl 3tst D•t•mbr 2022 17. CREDITO. amount falllni due 4fter momthan oneywr 2022 208,866 Loan wlth Danske Bank 387,862 208.866 387.862 FUNO BALANCES AND RECONCILIATION OF FUNDS Fund Balancè at start Incorne Expend. Galnsl Losses Transfpr Balance at nd Uftr•strkted Fund5 General Funds 1405,147) 461,431 477,271 215,179 1205,K181 1405,147) 461,431 477,271 215,179 {20S,W81 R•rtrtct•d Funds Flxed Asset fund Speclal Colle¢tlons For use of sesslon WorshSp Ctrord Churth Week•nd Alc R&R M•n¥e Fund Unlted Appeal & Mlsslon 8ulldln8 Fund Mlsslon Sub GrOl IActSon Team) 8enevolent Fund Orangeplps Organlsatlons Educ4tlon Authorlty Youth Tear Fund Imcares 2.631,863 7,851 4,970 6,262 250 34,708 7.453 21, 70,674 4,323 12.428 9,837 17.549 16,222 72.566 82.582 1559,297 3,515 4.970 6,262 250 41,631 7.387 19,779 48,855 19.345 78,246 32,99S 26,072 58,738 193,3PA) 57,102 14,530 42,987 24,182 39,564 22,260 26,368 134,YJ)I 1215.192 76,580 18,449 47,569 20,836 49,202 20,750 93 5,255 20.895 13 2,846,837 441,140 215,179 754,582 Durin the ar the lollowln transfers ere 11 An amountof £24192 was trnnsferred frorn re5tr1cted buifdlng fund to the unrestrfEted general fund5. Th15 represented the ongolng repayment of loan5 drawn down forthe constructton of the church. Pa8e 28
ORANGEFIELD PRESBYTERIAN CHURCH <•ngr•galion of th• Pr•sbyt•rian chUh in IT•l•nd NOTES TOTHE ACCOUNTS Iconvdl 31st Dernber 2022 Restrlcttd funds descri lo FixèdAss•tfvnd- This fwid tontalns the church propertles. Sptuol Collections-These are donations givèn by members of the congregation In responseto an appeal for8 particularor8antsation or prolert as a8reed bythe trustee5 and are distrfbuted as 5vch. Use of Sessioft-This fund comprlses Df an anonymous glft recefved In 2016 to be used atthe dlscretlun of the trustees (Klrk Sesslonl W0h1p CoordlnatDY-Thlsfund compr15es of a glft gfjven In orderto allow us to employ or contract a Wor5hlp Coordlnator. Church WIE- A church weekend takes place approxlmatety every two to three year5 to help build relatlon5hlps wlthln the chUh famlly. R&R-Thi5 fund15 for the upkeep of our facllltie5 and 15 Spent on repalr, redecoratlon and molntenance Df the property. Man5e-Thl$15 used for the upkeep of the Church Manse. UAM-Donatlon5 are d15trlbuted between PCI Unlted Appeal and the Mlssion Sub Group Isee MAT below) Bulld5w Fund-Thls is used to repay the Bank Loan with Danske Bank. MAT - Donatlons are made to members seThlnB on short terrn mlsslon trlps, those 5ervln8 as long term mi59lonarles, and to 5UPPOrt outslde preapproved mlsslon or8anisatlon5. èewol•ht Fund-Th15 fund Is used to glve glfts to help 5UPPOrt members of the ctsngregatlon who requlre flninclal help from tlme to tlme. Ornn8ep5ps- Ornngeplps Ss our dally playgroupfor chlldren aged 2 years 10 months to preschool. Orangeplps provldes a wlde range of act1vit1 whlch help develop a chlld's physlcal, Intellectual, language, emotlonal and soclal skills. Ory•nls•tlon - We have organlsatlons for chlldren, youth and adults pr¢Jvldlng a wlde range of actfv6tles Includlng our Toddler Groups, unlftsmied or¢anlsatl¢ns. m*n's and woman's groups, communlty work, and thlldren's summer actlvltle5 to name but a few. FUtID BALANCES AND RECONCILiATION OF FUNDS NIA NIA ErKk4wm•nt Funds NIA N/A NIA NIA Total RELATED PA ThANSACTION One of theTrustees, the mln15ter of the con8regatlon recefved remuneratlon of £42,55212021- £41.6161 and expenses of E6,38212021- £6,242) for actlng In that capaclty- Penslon contrlbutlon of £10,21312021- £9,988) were pald by the congregatlon In respEct of the mln15ter to the Presbyterlan Church In Ireland Penslon Scheme121J)91. A second Trustee, tht assocljte mlnlster of the ¢ongregatlon recefved remuneratlon of £29,51012021- £28,Y41 and expenses of É5,89312U21- £5,7861 for rtlng In that capaclty, Pen51on ¢¢ntrlbutloTr of £7.08212021- £6,8501 w•re pald by the con8reg•tlon In respect of the mlnlst•r to the Pre5byterl•n Church In Ireland Pen51on Scheme12CI)91. A Thlrd Trustee Is engaged as the fa¢llitleslAdrnlnlstratlon Mana8er and rècelved remuneratlon of £28,31312021- £27,694) for actlng In that capacity. A Penslon contrlbutlon of £1,69912021- EI,5911 was paid by the congregatlon In respect of the facllltle5ladmlnlstrJtlon manager to a stakeholder pensloft scheme. A Fourth trustee recelved rernunerallon of £75 for pulplt supply. None of the othertrustees recelved any remuneratlon, and no trustees dalmed expenses durlng the year In connectlon wlth thelr dutles. There were no other related partytransactlons. GoSno Conc•rn The charlty's unrestrlcted fvnd5 show a net current Ilablllty PDsltlon IExcess of current IlabllleS over current assets of £10,915 as at 31st De¢ernber 2022 IFree reserves). In addition to this negative free re5eNes the charity has long term loans out5t•ndlnq for the amount of £208,866 that were drawn down for the purpose of constructln8 the Church buildln& It Is the Intention of the church to contlnue to repay these loans through annual contrlbutlon to thè bulldlng fund. The Trustees also contlnue to review the Bolng concern status of the charity in Iltht of COVltk19 and at the tlme of approving the financlal staternents the trustees have a reasonable expectatlon that the charlty ha5 adequate resources to continue In operatlonal existence for the foreseeable future. Thu5, trustees continue to adopt the 8oln8 concern basis of accountlng In preparingthe finandal staternents. 21. Ethiralslanthrds In common wtth many other business of our size and rtature, we use our audltors to assist with the prepardtlon of the financial Statements. Page 29