ORANOÉFIELD PRYrEIAN CHURCH ¢•ngr•oalion of th• Prèsbyterlan Chur<h in Ir•ltsnd STATEMENTOF FINANCIALACTiviri fortheyear ended 31 December 2024 Income and Endowmentsfrom: Donatlons and legacle5 Charltablé art5Vitles 403,621 335,520 124,533 234 739,141 124.533 ILX),278 467 699,645 111,883 97,026 449 Othei tradlng actItIeS Investments I,014 467 Other 670 670 4,870 Total 504102 460,287 965,089 913,873 Expendltwé oft: Ra15In8 funds Charltable attlvltles Other 428.622 88,506 411,869 29 840,491 88,535 803,6QJ 90.216 Total 517,128 411,898 929,026 893,816 N•t IoMi I l•Mpondtturèl 112,3261 48,389 36,063 20,OS7 Tran51er5 between lunds 83,337 183.3371 Net movement In funds 71,011 134.9481 36,063 20.057 Reconclllatlon of funds- Totsl funds brou8htforward 1108,0541 2,676,885 2,568,831 2,548,774 Totsl funth carrled forw•rd 20 137,0431 2,641,937 2,604,894 2,56B,831 Page 19
ORANGEFIELD PRESBYfHtlAN CHUItCH ¢orwegoli•n ol the Prosbyhrion Chur¢h In Ireland STATEMEiifoF FINAP4CIAL POSITION A5 at 31 Dec•mber2024 Fixed assets: Tangible assets Investments 12 13 25,457 2.429,985 2,455,442 2,516,504 Totsl Ilx•d assets 25,457 2,429.985 2,455,442 2.516.504 Curr¢nt assets Debtors Cash at bank and In hand 19,671 152.7821 11,353 214,014 31,024 161.232 35.6C(I 132.310 Totsl turr•rt aM•ts 133,1111 225,367 192,256 167,910 Llobllltles: Credltors.. Amolhnts fallirbg dut wlthln one year 16 21,162 13,415 34,577 115,583 N•t current ots or Il&bllltl 154,2731 211,952 157,679 52,327 Totsl assets lesscurrent Ilabllltles Credltors- Amounts falllng due after more than one year 17 8,227 8,227 Totsl net assets or Ilabllltl•s 137,0431 2,641,937 2,604,894 2,568,831 Funds of the charlty Restrlcted Income funds Unrestrlcted fvnd5 2,641,937 2,641,937 137,0431 2,676,885 1108,OS41 137,0431 Tgtsl chaTltylunds 137.0431 2,641,937 2,604.894 2,568,831 Approvèd by the Ktrksesslon at a meetlng on 06th July 2025 and $18ned on its bèhalf by Rev Garèth MatLean Mr jeremy Oowd Page 20
QRAN•EFIELD PRES8YTfRIAN CHURCH ¢th1gregaN•Th •f th• PMbyl•tlan <hur¢h In Ir•land STATEMENT OF CASHFLOW Year ended 31 December 2024 2023 Notes Cashflowfmm operatlni¥hities Net IncomellLossl 36.063 20.057 Adjustmentlor.. Oepreoiatlon of tan8Jble Ilxed 155ets 78,259 76.539 Change5 in Trade & other debtOf5 Trade & other£redltors 4.576 L199 11.050 Net cash from operatlng artlvlties 121.097 108,290 Cath Ilow Ifom In111£11¥III Purchase of tsngjble a55ets 117,1971 119,7741 Net cash from opeTatln8 ¥ttlvltles 117.1971 119,7741 Net Increaseld•cr••se In cash & ¢ash equlvalents Cash and cash equlvalents at be8lnnln8 olyear 103,9fy) 49,105 88,516 139,4111 Cash and cash equlvalents at end of ytar 153,OOS 49,105 Page Zl
ORANGEFIELD pRESBYTIAN CHURCH ¢tsngvegarfoD •f tho Pr•sbyt•rian Chur<h In Ir•land NOTESTO THEACCOUNTS 31st DÉcember2024 ACCOUNTING POLICIES BASIS OF RNANCIALSTATEMENTS The financial statements have been prepared In accordance wth Accountlng and Reportlng Charltles.. Statement of Recommended Practice applltable to charitles preparlngthelr attounts In accordance wh Financlal Reporting Standard applicable In the UK and Ireland IFR51021 leffectlve l January 20151. The flnanual statements have been prepared under the hlstorlcal cost convention except for Investment assets, whlch are shown at market value. The flnanclal statements Inrlude all iransattlons, assets and Ilabllltles for whlch the congregation Is responsible In law. They do not Include the accounts of churth groups that owe their affiliation to anoihei bodyi nor those that are informal gaihÈrSngs of churth member& FUND ACCOUNTING Endowment funds arè funds, the capltsl of whlch rnust bè retalned elther permanently or at the con8re8atlon's dIstrlon,. th• Incorne derived from the endowment Is to be used either as $tr1ded or unrestricted Incornè funds d*pendln8 upon the purpose lor whlch the endowment was establlshed in the flrst place, Restrlcted funds comprlse lal income from endowrnent5 whlch is to be expended onty on the Testrlcted purposes Intended by the donor and Ibl revenue donatSons or grants for a 5PEciflc con8regatlonal actlvlty Intended by the donor. Where these lunds have unspent balance5. Interest on thelr PODled Investment Is apportloned to the Indlvldual funds on an average balance ba515. UnrestTlCted funds are income fund5 which are to be spent on the congregatlon's ieneral purposes. Designated funds are general funds 5•t aslde by the ton6re8atlon for use In the future. Page 22
ORANGEFIELD PRESBYTERIAN CHUR¢H • ¢ongve9atl•D •f tlw Pr•5byl•ri•n Chur¢h In Ir•land NOTESTO THEACCOUlIts 31st December 2024 ACCOUNTING POLICIE4conVdl INCOMING RESOURCES v) Recognltlon of Intom1 resources These are Included in the Statement ol Financlal Activities ISOFAI when- . the congre8atlon becomes entitled to the resourtes,. • the trustees are virtually certaSn they wlll receive the resources,. and • the monetary value can be measured wlth sufflclent reliably. VEI INIrnl resourcuwlth r•l•t•d e¥pendltur¢ Where Incomln8 resoue$ hav• related expendlture la5 wlth fundralsln8 Incomel the Incoming r•sources and related expèndlture are reported gross ITr the SOF Gr•nis •nd donatlon5 Grants and donatSons are only lThcluded In the SoFAwhen the con8rtgatlon has uncondltlonal entltlement to the resourw. Tax f•cl•lms on donatlong pndibfts Intomlng re50urtes from tax reclaims are Includeil In the SoFAat the 5arné tlmt as the 81ft to whlch they rélat•. lvl Contrartual IncomE and pqrformance related grants Thls15 only Included the SoFAonce the related goods or sèrvices have bttn dellvered. l¥ll Glfts In klnd Gifts Sn klnd are accounted for at a reasonable estimate of thelr value to the charfty or the arn0rbt artually reallsed. G1ft5 In klnd for sale or distrlbutlon are Included In the accounts as g1ft5 only when sold or dSstrlbuted by the charlty where ihe value15 greater than E2,500. Glfts In klnd for use by the charSty are Included in the SOFA a5 Intomin8 resources when recelvable. Oonated serAc•s andf•cllltl•s These are only included In lThcomin8 resource5 (with an equlvalent amount In resources expended) where the benefit to the charity is reasonablv quantlflable, measurable and rnaterlal. The value placed on these resources Is the estlrnated value to the charlty of the seThlce or faclllty recelved. 1111 Volunteer help Thevalue ol any voluntary help recelved Is not Included In the accounts but Is de5crlbed In thp trustees. anrbual reporL 11111 InVestnt Income Thls15 Included In the accouTrts when recelvable. (lvl Investrnent plns and losses Thls Includes any galn or105s on the sale of Investments and any galn or loss resultln8 from walulng Investrnents to m?rkei value at the end of the year. Page 23
OUNGEFIELD PRESBYTIRIAN CHURCH a ¢on•v¢ga•fi •f tha Pr•5byt•rion ¢hvrth In Ireland NOTES TO THE ACCOUNTS 31st December2024 ACCOUNTING POLICIESlconVdl EXPENDITURE AND UABIUTIES (vl Uability recoenttlon Llabilities are recognlsed as soon as there Is a legal or constructlve obligatlon cornmlttlnKthe congregatlon to pay out resources. {} Governanct costs These are shown within charitable actlvitles and include the costs of preparatlon and examlnatlon of accounts. the costs of trustee meetings and cost of any legal advlce to trustees OTr eovernance or constitutlonal matters. {vlll Gronts wlth p•rform•K• condltklns Where the ¢harlty 8ives a grani with condltlon5 for its payment being a speclfic le¥¢1 of servlce or output to be provlded, such grants are only reco¥nised ln the SOFA onte the ¢0Plent of the grani has provlded the speclffied setvlce or output. GTrnts plble wlthou¢ performan¢• conthilon$ These are only recoBnlsed In the a¢¢ounts when a commiiment has been made and there are no condltlons to be met relaiing to the grant whith remaln In the control of the charity. Support Costs Support Costs include central funttlons and have been allocated to actlvlty c05t categorles on a basis conslstent wlth the use of rÈsources, e.8. allc<atlng property cosis by floor a¥$, or per caplta, Staff costs by the tlme spent and other costs by thelr usage. T•nAlble Flxed Amets Tanglble flxed assets lor use by charlty are capitall$ed If they can be used for more than one year, and cost at least £2.5. They are valued at cost or, If glfted, at the value to the charityon recelpt. Depreclatlon Is recorded on all tanglble fixed assets other than Ireehold land, at rates calculated to wilte of the c05t, less estlmated resldual value, of each asset over its expected useful Ilfe a5 follows. Bulldings- Fixtures. flttln85 and equlpment Motor Vehlcles Computer Equlpment - over 50years . over IOyear5 - over 4 years ovÈr 4 year5 As the malorlty of flxtures, fittlngs and equlpment were purchased In 21)08 they are deemed to be of Ilmlted value so not Included as Tan8lble Flxed Assets. It Is not policy to caplta115È tomputers and assocSated hardware. Il¥} In¥e5tmÈthts Investments qugted on a recogn1s stock exchan8e are valued at market value al the year end. Other Invèstment assets are Inrluded at trustees, best eSrnate of market value. Page 24
ORAN6EFlllD PRESBYTERIAN CHUR¢H ¢ongregakn th• Pr•sbyl•rlun ¢hur¢h In iraland NOTESTOTHE ACCOUNTS {conVdl 31st December2024 DONATIONSAND LEGAaES Recorded Biving: Loose collections Donations and Blfts GIftAld Legades and bequ•st 329.065 3,6SI 8,596 S2,636 9,673 191,0)4 520,069 3,651 101.975 103,773 9.673 542,950 8,511 93,379 51,137 103,725 403,621 335.520 739.141 699,645 CIIARITABLEAcnvmES Membershlp fees Fundralsln8 •vents fjrants 53,235 2,250 69,048 53,235 2,250 69,048 48,058 2,377 61,448 124.533 124,533 IIL883 Page 25
ORANGEFIELD PRES8YIEItIAN CHURCH ¢ongre9ail•n •f th• Pr•sbyhrian Chur¢h In Ir•land NOTESTO THE ACCOUNTS IconYdJ 31rt Oecember2024 OTHER TRADING ACTIVITIES Arc Café Other tradlng Incorne 90,202 9.842 90,202 10.076 81.791 15,235 234 i()J,¢)44 234 l(K),278 97,026 INVESTMENTS Deposlt Interest 467 467 449 467 467 449 OThER INCOME Other incorne 670 670 4,870 670 670 4,870 RAISING FUNDS FWO envelopes Fundralsing events Page 26
ORANGEFIELD PRES8YTERIAN CHURCH angr•9•On ol th• Pr•sbyhrian Churth In Ir•land NOTES TOTHEACCOUl¥tS Iconvdl 315t Dec•mber 2024 CHARITABLE ACTivmES Gerseral AssemblyAssessments Presbytery fees Mlnlstry and support staff costs Congre8atlonal nJnnln8 expense5 OonatlOn5 to Mlsslon5 and charltle5 Depreclatlon of Flxed Assets Governance costs-lnclyding auditors rernuneratloTr Exceptlonal cost5 of charltable actlvltles 25.263 985 254.644 108,797 30,101 3,716 5,116 25,594 50,857 985 299,062 24S.609 160,603 78.259 5,116 45,777 938 329,269 227.453 118,626 76.539 4.998 44,418 136,812 130.502 74,513 428,622 411,869 840,491 *J3,6CO Audltors r•mun•ratlon 2024 2023 FÈÈS Payable lof the audlt of the flnanclal statement5 3,400 3,3ts) Fee5 payable to the charlty's audltor and It5 assoclates for other servlres Other non-audlt servicés- Payfoll 864 3,498 OThER EXPENDMIRE Investment p¥opertle5 expEnges ARC 8ank Interest on Loan 85,760 1746 29 85,789 2,746 79,253 10,963 88.506 29 90,216 EMPLOYEES EmployThrtt Costs Wages and Salarles Social Securbty Cos15 Penslon contrlbutlons 305.519 18,513 23,740 316,148 18,248 26,981 347,772 361.377 PaBE 27
ORANGEFIELD PRESBYIEftIAN CHURCH ¢ongr•gulion ol the Pr•sbyhrian Churth In Ireland NOTES TOTHEACCOUNTS IconVd] 31st Dec•mber 1024 Number of Emplt)yees The avernge number of employees, Includln8 the miftister of the coThgregatlon, during the year was 2024 2023 Average numberof employees 15 16 There were no empl¢)yees In recelpt of employee beneflts In excess of £60.000. IL PEN510N COSTS The mlnlsters of the congregation are members of the Presbyterlan Church In Ireland Penslon Scheme12th)91. Thls Is a Scheme operated by the Presbyterfan Church in Ireland. a separate reglstered charSty- The congre8ation pays an assessrnent to the Presbyteflan Church IN Ireland equivaleTht to the employerfs penslon contrlbutlon for the Scherne and based on the stlpend pald to the mlnlster. The Presbyterlan Churth In Ir•land Penslon Scheme120091 Is a funded Scheme of the defin•d benellt type, providing defined benefits based on tar••r aveiale revalued salary. The Scheme has assets held In a separately admlni5tered fund managed by a board of trustees. The Presbyrerlan Church and the Schpme Trustee5 have alreed a fundlng plan to ftsuie the kheme Is sufficiently lundtd to meet curreDt and future obllBatlons. A forrnal schedule of contrlbutlons wo5 drawn up on 25 November 2015 whereby the Presbyterlan Church a8reed to pay from 31 December 2015 contrlbutlon5 0124% 01 penslonable 53larles to cover the accrual of benefits for future servltè, expenses, the cost of Insurln8 death s•rvi¢e benefSts and fundin8 the sth•me deffc+t. Th contrlbutlons made by tht congreiatlon durSn8 the yearwèrè Contrlbutlons 15,149 18,231 The con8reg8tlon operates a deflned penslon contrlbutlon pollcy for Its empl¢)yees. The scheme and its assets are held by an Independent Scheme managers. The penslon char8e represents the contrlbutlons due from the conRTe8atlon durln8the year Contrlbutlons 8,S91 8,750 For the year endèd 31st December 2024 £1121 was ovistsndlnm 12023-£9881 Page 28
ORANGEFIELD PItES8YTERIAN CHUR¢H a ¢ongregatl•n •f th• Pr•sbyl•rian Chvrth In Ireland NOTESTOTHE ACCOUNTS {conYdl 31st De¢ember 2024 12. TANGIBLE FIXED ASSETS Co$t orv¥luatlon At start of year Addltlons Disposals 3,628,300 39,734 17,197 3,668.035 17,197 At end of year 3.628.300 56,931 3,685,232 Depr•d¥tlon At start of year Provlslon for yèar D15posals 11,141.S691 172,5661 19,9601 15.6931 11,151.5291 178,2591 At end of year 11,214.1351 115,6531 11.229,7881 Net Book Value At start of year 2,486,731 29,773 2,516,504 At end olyear 2.414.165 41,277 2,455,442 INVESTMENTS 2024 2023 General Investment Fund Investment Propertles NIA Value at start of year Addltions Disposals Impalrment Galns I ILosses on revaluatlonl Value at ènd of year Page 29
OAANGEFlflD PRESBYTÉRIAN CHURCH conrnalian of the Pr•$byt•rian Churth In Ir¢lqnd NOTESTO THE ACCOUNTS Iconvdl 3tst De¢ember2024 DEBTORS 2024 Gift Aid Recoverable Other Debtor Trade Debtor5 Prepayments 20,529 640 1,304 8.551 20,351 6,191 842 8,216 31.024 35,6 15. CASII AT BANKAND IN HAND 2024 Danskt General Funds Danske Bulldlng Fund / Brlnglng Llfe Danske No 2 A/C MaTrse Account Danske UAM Danske MSG Danske Benevolent Danske Oran8eplp5 Arc Cafè Youth Or8an15ations 3,873 56.378 21,456 6,071 11,223 11,952 12,271 857 17.483 1,633 10,751 5,864 9,394 23,644 23,806 3,467 17,257 31.110 19,417 h at b¥nk ¥nd In hand 161.232 132,310 Other loans 18,2271 183,2051 C•sh •nd CDsh equlvAIé* 153,C#)5 49,105 CAEDITORS: Imountl•lllnK du• wlthln one ¥••r 2023 Runnlng Costs PAYE & Penslon Accruals & Deferred Income Loan wlth Oanske 8ank Prov151on for Doubtfvl debt VAT S,632 5,006 15,500 1.671 4,784 15,201 83,205 6,400 4,322 3,951 4,488 Other Loans 34,577 115,583 Deferred Inwm 2024 2023 At ljanuary 2024 Grant incorne deferred Amount released to Income 12,205 50,017 149,7181 9,042 48.821 145,6581 At 31 D•cember2024 12.504 12.205 Page 30
QRANGEFIELD PRESBYTHiIAN CHURCH ¢•ngre9ail•n •f th• Pr•sbyt•rion Chur¢h In Irelond NOTES TOTHEACCOUNTS Icont'dl 31st December 2024 17. CREDITORS: amountfall1 due after more than onÈy•ar 2024 Other Loans ,227 8.227 i& FUND BALANCES AND RECONCILIATION OF FUNDS Balance at start Income Expend. Galnsl Losses Transfer 8alance at end Unre#rkntd Funds General Funds 1108,0541 S04,802 517,128 83,337 137,0431 1108,0541 504,802 517,128 83.337 137.0431 trlrt•d Fund5 Flxed A55et fund Speclal Collections For use of 5e5$1on Worship Co-ord Church Weekend Alc R&R Manse Fund Unlted Appeal & MI10 Bulldlng Fund Mlsslon Sub Group Benevolent Fund Orangeplps Organisations Educatlon Authorltyyouth Tear Fund Imcares HelpSn8 Hands Brlnglng Llfe Sundry Charltles Flelds of Llfe Alpha UM 2,486,731 3,515 4,970 6,262 250 72,566 2,414,16S 3.515 4,970 6,262 250 46,587 1,165 49,634 47,451 1,165 21,327 40,986 20,345 2,838 1,762 22,766 19,$46 57,299 82.451 2,000 25,062 52,194 34,296 53,776 6,734 25.594 153,0321 1123,4291 8,185 30,530 17,081 48,725 29,9J7 YJ,7S3 9,250 10,819 5,231 27,155 13,S69 2,516 zo 20 108.231 35,245 9,339 82,325 55.249 55,249 6,347 2.676.885 460.287 411.898 183,3371 2,641.937 Durln the arthefollowl transfers were made 11 An amount of £85,951 wa5 transferred from strIcted bulldlng fund to the n$trIed general funds. Th15 represented the on8oiTh¥ repayment of loans drawn down forthe construrtion of the church. 21 Wlth the Church Building Loan now ful paid off, all rernainlng and future congregational giving prevlously contributed to the Bulldlng fund, Mlssion Sub Groupj United Appeal Is to be dlrected toward5 the attNltle5 of Brln8ln8 Life. Balance5 remalnlng wlthln these fund5 have been transferred totalling £8IJZ5. Page 31
ORANGEFIELD PRESBYTERIAN CHUItCH 47 ¢01lgreoali of the Presbfvrian Chur<h in Ireltsnd NOTES TOTHE ACCOUNTS Iconedl 31st December2024 Restrltted furtds descrf Ions Flxed $etfvnd-Thls fund cofitalns the church properties. Special Collertlons-These are donations glven by members Df the congre8atlon In response to an appeal for a particular or8anlsatlon or project as agreed by the trustees and are distributed as such. Use of sek-ThIS fund cornprises of an anonymous gift recelved In 2016to be used at the dlscretion of the trustees Irk Session) Worship Coordinator-This fund comprises of a glft given in order to allow us to employ or contract a Worshlp Coordinator. Churth wIE- A church weekend takes place approximately everytwo to three year5 to help build ielatsonships within the church familv. R&R-This fund Is for the upkeep of our facilltles and Is spent on repair, redecoratlon and maintenance of the propertv. Man5e-Thls is used for the upkeep of the Church Manse. UAM- Donatlons are dlstributed between PCI Unired Appeal and the Mlsslon Sub Group15ee MAT below) Bulldln8 Fund-Thls Is used to repay the 8ank Loan with Danske Bank. MAT - DonatSons are made to mèmbers servin8 on short term mlsslon trlps. those servlng as long tem mlssionarits, and to support outsidè preapproved mSsslon or8anlsatlons. Benevolent Fund- Thls fund Is used to glve 8lfts to help support members of the coTrgre8atlon who requlre flnanclal help from tlrneto tlme. Oranypfjw- Oran8eplps Is our daily playgroup for chlldren agèd 2 years 10 months to prtsthool. Oran8eplps provides a wlde range of actwltles whlch help develop a chlld's phy51cal, Sntellertual, language. emotional and soclal skills. eduratlonAuthorlty Youth- Fundlng for Core youth work prov151on In the Orangefield area Tear Fund- lo tackle poverty and injustice through 5UStainable development, by respondin8 to disasteTS and challenging inlu5tlce Brln¢ln8 Llfe- To support all ovr outward-facing rnin15try. Includlng what 55 already exlstln8 and what 15 Stlll to be lrnaglned. and Includlng any renovatlons to our bulldln4 10 serye OUT mi$5ion. Thls wlll incorporate the former Unlted Appeal and Mi$5ion Fund. Oryn150tlon We have organlsatlons for chlldreTr. youth and adults provldlng a wide ran8e of actlvities Sncludlng our Toddler Groups, unlformed oryan15atlons, rnen's and woman's 8TOUPS, communlty work. and chlldren's summer actlvltles to name but a féw. FUND BALANCES AND RECONCIUATION OF FUNDS NIA NIA Endowment Fund5 NIA NIA NIA NIA Tot31 RELATED PARTYTILANSACTION One ol the Trustees. the rnlni5ter of the congregation reEelved remuneratlon ot £46.91412023- £44,680) and expenses of É7,03612023- £6,701) for actlng in that capaclty. Penslon contrlbutlon of £11,25912023 . £10,724) were pald by the con8reBatlon in respect of the mlni5ter to the PreSberfjan Church In Ireland Pension Scheme120091. A second Trustee, the a5soclate minister of the con8regatlon received remuneratlon of E16,20812023- £31.2781 and expense5 of £3.12612023- É6,1371 lor actlTr8 Sn that capaclty. Penslon contrlbutlon of £3,89012023- £7,507) were pald by the coTh8re8ation In respect of the minlster to the Pre5berIaft Church In Ireland Penslon Schemè12Q)91. A Thlrd Trustee Is engaged as thè lacllltleslAdmlnlstratlon Managèr and recelved remunèralion of £15,60812023 £29,0291 for artln8 in that ¢apaclty. A Pen51on contrlbutlon of £936 12022 - £1,7841 was pald by ¢he con8Tegalion In respect of the faclliliesladmlnlstratlon manager to a stakeholder pènslon sch•m•. A Fourth trustee recelved remuneratstsn of £24912023- £1581 for pulpit supply. None ol the other trustees received any rèmuneratlon. and no trustees clalmed expense5 during theyeèr In connectlon with thèlr dutles. There were no other related party transactlons. GDlng Concern A5 3t 31st Decernber 2024. the rharlty's unrestrlcted fund5 reflected a net current liability P051tlon. with current Ilabllltle5 exceeding current a55ets by £54,273 (free reserves). During the financial year, the Church 5ucce55fully repald Its long-term loan, whlch had been drawn down for the construction of the church building. The Tru5tEes regularly review the charity's flnancial position and Its ablllty tg continue a5 a 8oln8 concern. At the tlme of approving these nancSal statemellts. the Tru5tee5 have a reasonable expectatlon that the charity ha5 adequate resources to contlnue it5 activities for the foreseeable future. Accordingly, they continue to adopt the golng concern basis of accountin8 in preparing the financlal statement5. 21. Ethlcal standards In common wlth many other business of our slze and nature, we use our auditors to a5515t with the preparation of the financlal statement5. Page 32