Tottenham Communlty Sports Centre Ch•rfty No. 1022102 Cornpany No. 02818821 Trustee5' Report and Unaudlted Accounts 31 March 2022 Tottenham Community Sports Centre Contents Pa8es 2to6 Trustees, Annual Report Independent Examiner's Report Statement of Finanoal Activities Summary Income and Expendlture Account Balan￿ Sheet io Notes to the Accounts Ilto19 Detslled Statement of Financial Artivitles 20to21 Page I Tottenham Community Sports Centre Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companie5 Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022. REFERENCE AND ADMINISTRATIVE O￿AlL5 Company No. 02818821 Charlty No. 1022202 Regl$ter¢d Office 701-703 High Road Tottenham London N17 8AD Dlrertors and Trustees The Diredors ol the charitable company are its Trustees for the purposes of charity law. The followlng Directors and Trustees served during the year: C. Bennett D. Lewis M. Springthorpe Company S•cr•tsry K. Lincoln Accountants Elite Accountants 717 Green Lanes London N213RX Pa8e 2 Tottenham Community Sports Centre Trustees Annual Report OBJECTIVES AND ACTIVITIES The charity's prlnciple activlty is to provide or assist in providin& in the interests of social welfare, facilities for recreation, physical education or other leisure-time occupations for the public at large and, in particular. the inhabitants of Tottenham. being facilities:_ al of whlch those persons have need by reason of their youth, age, and infirmity or disablement. poverty or social and economic circumstance5,' and bl which will improve the conditions of lrfe for such persons by promoting their physlcal. mental and spiritual well-being. Our premises are leased from the local authorty on a 60 year FRI commercial lease dated 1st Aprll 1992. A wholly owned subsidlary company, Tottenham Community Sports Centre 703 Club Limited, operates soclal club and Ilcensed bar, all profits being covenanted to thls company. All surpluses generated from all activitles are applied to maintainin8 and improving the quality and Tange of facllitles available. The Tnjstees confirni that dve consideratlon has been given to the Charity Commissions 8uidance on the publlc benefit requirement and ensure that thls 15 kept under constant supemsion and review. Pa8e 3 Tottenham Communlty Sports Centre Trustees Annual Report ACHIEVEMENTS AND PERFORMANCE 202112022 dawned with the easing of restrictions imposed by the terrible COVID 19 pandemic. Our facilities, which had, in the main, been closed since Marth 2020 were gradually re-opened in line with Government and sport's 8overning bodies guidelines. The maln hall. small hall and ancillary rooms continued to be used by Haringey Council for local COVID Flow Testing until May 2021. followlng which their use was restricted to the Table Tennis Room Lbntil July 2021. The provision of a mechanical ventilation system 5erwng the main hall. small hall and projectile room commenced In May 2021 and was completed by 1st June 2021. This worK funded by the Sport England, Return to Play Grant helped make these areas COVID compliant In terms of ventilatlon. There was a gradual return to play with clubs returnlng to the All-weather Pltch, 8oxlng Gym, Main Hall and Small Hall although a number of our smaller clubslgroups and members of the more"vulnerable" groups did not return until after the be8innin8 of 2022. Most Clubs, including Tottenham Hotspur Foundation dasses had returned, albeit with smaller numbers by March 2022 and we are confldent that we can once again look forward to bright future serving our community. Other hi8hli8hts of the year included:. APRIL 2021 A Sports Centre and Harin8ey Council joint funded HAF Easter sports programme attended by 40+ chlldren per day durlng one week of the Easter Holidays. Children aged between 7years and Ilyears were treated to a schedule of Football, Archery and Boxercise as wel13s an online video question and answer sesslon with Harry Winks of Spurs and England, take home food packs, nutritional advice and an end of programme gifL kindly donated by Tottenham Hotspur. OCTOBER 2021 The launch of the NFL (Amerlcan Football) En8lish Foundation attended by Mayor London, Sadiq Khan, Nf L Commissioner, Roger Goodell. Chair of the Foundation, lan Ritchle and various NFL player5 from the United States. JANUARY 2022 The installation and unveilin8 of a 25 foot Ledley King mural on the flank wall of our annexe. Thls was a joint venture by the Tottenham Supportets Trust, Murwalls la leading creator of street artl and ourselves. The unveiling wa5 made by Ledley Kin& Tottenham Hotspur Ambassador and fornier Spurs and England defender. Our thoughts remain wth all those affected by the COVID wrus. Page 4 Tottenham Communlty Sports Centre Trustees Annual Report FINANCIAL REVIEW Given the 'non-purpose' built nature and age of the premises in which the Centre operates. the possibility of urgent, substantial repairs to the fabric of the propèrty that the Centre may have to fund from reseNe5 Is ever present. While every reasonable effort is made to mairbtain the property to a high standard, the trustees consider it prudent to maintain a fairly high level of readily available reseryes so that significant problems can be dealt with as they arise. The trustees are constantly mindful of the p055ibility of substantial increases In rent and or business rates- despite the local authority's agreement to fund part of the rent and all business rate charges. With local authority finances generally weak. the trustees believe that thi5 threat must be kept firmly in mind, if not at the forefront of current concerns. With the impllcatlons of the three areas of risk In mlnd. the trustees have a desi8nated "Contingency Fund" of £50,000. The nature of the Centre's a¢tlvlties is such that users of its facilities may sustain inlury for whlch the Centre could be held responsible. The trustees believe that the Centre has sufficient relevant insurance cover to deal with any foreseeable claim. Within the constraints of prudence with regard to the maintenance of adequate reserves to confront the above risks, the trustees are committed to the principle of spending surplus funds on the expansion of facilities as genuine need arises. Our ongoing commltment to improvlng facllities wfthln our limlted budget, whilst badly affected by the flnancial burden of COVID Lockdown, continued with the installatlon of LED li8htin8 throughout the maln bulldlng and the replacement of the exlstln8 non-maintalned emergenLV li8htln8 System wlth a malntained SV5tem as well as the provision of new main hall dividing curtains and ventllatlon fans to most useable areas, Page 5 Tottenham Community Sport5 Centre Trustees Annual Report STRu￿uRE, GOVERNANCE ANO MANAGEMENT Trustees are appointed by members of the association. A minimum of 3 trustees must be appolnted. Of those appolnted, one must retire each year by rotation. although helshe may be re- elected at the Annual General Meeting. Derek Lewis will retire at thi5 yearfs AGM but will stand for re*lection The Trustees carry out both go¥emance functions and also other roles within the trust. Their core functions are= 11 To ensure that the charity remains true to its mission and values 21 To determlne its strategy 31 To act as the point of flnal accountability for tts actions and those of its representatives and staff 41 To safeguaTd its assets 51 Act a5 a pool of eKpertlse and advice, makin8 thls available to staff and volunteers 61 Our Trustees undertake the management role of hirin& firing and holding the head of staff accountable They also IlaSse between the trust and the outside world.. providing a conduit for information and Ideas. representing it and acting as an ambassador for it. Day to (Jay management is delegated to speclfied indfvlduals who report to the Trustee5 on a re8ular basls. Staffing The Centre operates on a part voluntèry I part salaried basis with 10 part time and 2 full time staff all of whom also provided additional voluntsry hours alon8 Wlth our 10 unpaid volunteers. We are Indebted to our b4nd of volunteers, In particular, Kevin Uncoln, Keith Grlnham, Tony Curtis, John Beckles, Esmond Francls, Jenny Peters. George Blair, Beverley Allen. Sashi Port and Valerle Godonu without whom, we would struBgle to survive. Motto Our motto remains, Sport for All ....at an Affordable Price. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuraq at any tlme the financial position of the charity and to enable them to ensure that the financlal statements comply with the Companies Act 2006. The Trustees are also ￿SPonSible for safeguarding the assets of the charity and hence taklng reasonable steps for the prevention and detection of fraud and other irregularltles. The above report has been prepared in accordance with the prowsions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charitie5 SORP IFRS 1021. Signed on ehalf of th board M. Springt Trustee 02 December 2022 Page 6 Tottenham Community Sports Centre Independent Examlners Repixt Independent Examiner's Report to the trustees ofTottenham Community Sports Centre I report to the charity trustees on my examination of the financial statements of Tottenham Communitv Sports Centre for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. Re5ponsibS1Sties and basls ol report As the trustees of the charity land also its dirertors for the purposes of tompany lawl you are responsible for the preparation of the financial ststements in accordance with the requirements of the Companies Act 2CQ6 I'the 2CX)6 Act. Havlng satisfied myself that the flnanclal statements of the charty a￿ not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity's financial statements as carried out under sertion 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Dirertions given by the Charity Commission under section 1451511bl of the 2011 Act. Independent exaffllnerfs statement As the charity's gross income exceeded £250.(KKJ your examlner must be a member of a body listed in section 145 of the 2011 Att. I conflm) that l am quallfled to undertake the examinatlon because l am member of. I have completed my examlnation. I can conflrm that no materlal matters have come to my attention in connectlon with the examination 8iving me cause to believe that= accounting records were not kept In accordance with section 386 of the 2￿6 Art . or the financlal statements do not accord with those records. or the flnanclal statements do not comply with the accounting requirements under sertion 396 of the 2ts)6 Act other than any requirement that the financial ststements give a 'true and falr, vlew whlch Is not matter considered as pèrt of an independent examination- or the financlal statements have not been prepare(l in accordance with the Charities SORP IFRS 1021. 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 Lbnderstandin8 of the financial statements to be reached. Elite Accountants 717 Green Lanes London N213RX 02 December 2022 Page 7 Tottenham Camrnunity Sports Centre Slatement of Flnan¢ial Artivities for the year ended 31 March 2022 Unre5trlcted lunds Total lund5 Totsl fund5 2022 2022 2021 Notes In￿me and endowments from: Donations and legacies Charltable activities other trading attlvltles Investments Other 4.393 142,710 6.665 27 229.643 55.670 229,643 55,670 33,283 33,283 102,923 Total 322,603 322,603 256,718 Expendlture on: Charitable artlvltles Other 3,OCrtl 223,721 io 308,083 308,083 Total 311,083 311,083 226,721 Net 8alns on Investments Net Income li 11,520 11.520 29,997 Transfers between funds Nèt Sncome befor• oih•r $alns/llos5esl 29,997 11,520 11,520 Other ylns and losses Net movement In funds 11,520 11,520 29,997 Reconclllatlon ol fund5: Total funds brought forward 187,358 187.358 157,361 Tatsl funds ¢Jrrled f(>nMard 198,878 198,878 187,358 Page 8 Tottenham Community Sport$ Centre Summary Income and Expenditu¢e Ac¢ouTht l¢r the year ended 31 March 2022 2022 2021 Income 322,596 256,691 Interest and Investment income 27 Gross Income for the year 322,603 256,718 Expendlture 302,838 224,428 Interest payable Depreclatlon and charges for Smpalrment of flxed assets 8,245 2,287 Total expenditure for the year Net income before tax for the year 311,083 226,721 11,520 29,997 Net income for the year 11,520 29,997 Page 9 Tottenham Community Sports Centre Babance Sheet at 31 March 2022 Company No. 02818821 2022 2021 Fixed assets Tangible assets Investments 13 39,816 loo 5,344 loo 5,444 14 39,916 Current assets Debtors Cash at bank and in hand 15 21.935 146,237 168,172 19,2101 158,962 24,920 165,104 190,024 18,1101 181,914 Credltors: Amount fallSng due within one year Net current a55ets 16 Total asset5 less current Ilabllltles 198.878 187,358 187,358 Net assets excludlng penslon asset or Ilablllty 198,878 Total net assets 198.878 187,358 The funds of the ¢harfty Restrlrted funds unrestricted funds General funds 17 17 198,878 187,358 198,878 187,358 Reserves 17 Total funds 198.878 187,358 These accounts have been prepared accordance with the special provisions of Part 15 of the Companies Act 2W6 relatin8 to small companles. For the year ended 31 March 2022 the company was entitled to exemption under sectlon 477 of thè Companies Act 2006 relating to small companies. The members have not required the company to obtaln an audit In accordance wlth sectlon 476 of the Companles Act 2006. The directors ackn¢)wledBe their responsibilr(ies for complyin8 with the requirements of the Companles Act 2006 with respect to accountin8 records and the preparation of accounts. Approved by the board on 02 December 2022 And signed on its behalf by.. M. Sprlngt Trustee 02 December 2022 P3ge 10 Tottenham Community Sports Centre Notes to the Accounts l¢r the year ended 31 March 2022 l Accountlng polkles 8asi5 of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charltles- Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20151 Icharltles SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Change In basls ol accountlng or to previous aic¢unts There has been no change to the accounting policies (valuation rules and method of accountingl since last year and no changes have been made to accounts for previous year5. Fund •c¢ountln8 unrestricted fund5 These are available for use at the discretion of the trustee5 in furtherance of the 8eneral objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representin8 the restatement of investment assets at theiT market values. These are available for use subject to restrictions imposed by the donor or through temis of an appeal. Designated fund5 Revaluation funds Restrlcted funds Inwme Recognitlon of income Income is included in the Statement of Financial Attivltles ISOFAI when the eharity becorne5 entitled to, and virtually certain to receive. the income and the amount of the income can be measured with sufficient reliability. Income wlth related Where Income has related expendlture the income and related expendlture is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donatlons and gifts is included in the the SOFA when recelvable and only when the Charity has uncondltlonal entitlement to the income. Tax reclaim5 on Income from tax reclalms is included in the SOFA at the same tlme as the donations and gifts giftldonation to which it relates. Donated servlces These are only included in income (with an equtvalent amount in expendlturel and facilitles where the benefit to the Charity is reasonably quantifiable, measurable and matedal. Volunteer help The value of any volunteer help receNed is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This Includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment assets This includes any gain or loss on the sale of investments. Page 11 Tottenham Community Sports Centre Notes to the Accounts Expenditure Recognition of expenditure Éxpenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs assoaated with attracting volLbntary income, fundraising raising fund5 trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable artivities services in the furtherance of its objects. includin8 the making of grants and governance costs. All Brant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet pald. These include those costs associated with meetlng the constltutlonal and statutory requliements of the Charity. includin8 any auditlindependent examination fees, costs linked to the strate8ic management of the Charity, together wlth a share of other administration costs. These are support costs not allocated to a particular activity- Grants payable Governance costs Other expendlture Taxation The charlty is exempt from corporation tax on its charitsble artlvltles. T•nBlble flxed assets and depre¢latlon Depreciation Is provided at the followlng annual rates In order to wrlte off each asset over its estimated useful life.. Fixtures, flttin8s and equlpment 15% StralBht Ilne All weather 6.67% Straight line Freehold Investment pro￿rtY Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreclated. All gains orlosses are taken to the Statement of Financial Activities as they arise. Stocks Stock Is Included at the lower of cost or net realisable value. Donated items of stock are recognised at falr value whlch Is the amount the chartty would have been wllling to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 12 Tottenham Community Sports Centre Notes to the Accounts Cash and cash equivalents Cash and cash equivalents comprlse cash at bank and on hand, demand deposits with banks ènd other short-temi highly liquid investments with original maturities of three months or le55 and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other credltors Short term creditors are measured at the transaction price. Other creditors and provlsions are reco8nised where the charity ha5 a present obligation resuttin8 from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Researth and development Expenditure on research and development is written off in the year in which it is incurred. Forel8n currencles Monetary assets and liabilities denominated in currencles other than the functional currency of the charity are translated at the rates of exchange prevalling at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchanBe on the date that the transartion occurred. All exchan8e differences are are taken into account In arrivin8 at net Incomelexpenditure. Leased ass•ts Where the charity enters Into a lease which entalls taking substantially all the risks and rewards of ownership of an asset. the lease is treate(J as a finance lease. Leases which do not transfer substantially all the rlsks and rewards of ownershlp to charity are classifled as operatlng leases. A55ets held under flnance leases are Initially recognised as assets of the charity at their fair value at the nceptlon of the lease or, If lower, at the present value of the minimum lease payments. The corresponding Ilablllty to the lessor Is included in the balance sheet date as a finance lease obli8ation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately. unless they are dirertly attributable to qualifying assets. in which case they are capitalised in accordance with the chartty's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operatlng lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives a recognised as a Ilability. The aEgre8ate benefit of intentives Is recognised as a reductSon of rental expense on a straight-line bèsls. Penslon costs The charity operates a defined contribution plan for its employee5. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the tompany has no further payments obligations. The contribution5 are recognised a5 expenses when they fall due. Amounts not paid are shown In accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Pa8e 13 Tottenham Community Sports Centre Notes to the Accounts Recelpt of donated 8oods, fracilities and seNI All donated goods, facilities and servi￿5 received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company ststU5 The company is a private company limited by guarantee and Consequent￿ does not have share cap6tal. 3 Statemerrt of Flnandal ArtSvltles- prkn year Unrestricted lunds Total funds 2021 2021 Income and endowments trom: DonatSons and legacles Charltable activities Other trading activities Invèstments 4,393 142,710 6,665 27 102,923 4,393 142,710 6,665 27 102,923 Other Total 256,718 256,718 Empendlture on: Charitable actSvltles 3,000 223,721 Other 223,721 Total 226,721 226,721 Net Income 29,997 29,997 Net Income before other galns/llosses) Other ga5ns and losses: Net movement In ful￿5 29,997 29,997 29.997 29,997 ReCo￿lI7a¢lon of fund5: Total funds brought fotvlard Totsl funds carrled forward 157.361 157,361 187.358 187,358 4 5ncome from donatlon$ and legacles UnrestrScted Total Totsl 2022 2021 Sundry donations received 4,000 4,000 4,393 4,393 Page 14 Tottenham Community Sports Centre Notes t¢ the Accounts 5 Income from tharitable arti¥ltles Unrestrlcted Total Tot•1 2022 20ZI Sports membership and sport facilities hire Other facilities hlre Sport and well being community grants 119,481 119.481 23,740 104.832 104.832 66,220 5.330 5.330 52.750 229,643 229,643 142,710 6 Income trom Ot￿r tradln8 actlvltles Unrestrfrted Totsl 2022 Total 2021 Car park faclllties 55,670 55,670 55,670 55,670 6,665 6,665 7 Income from Investments Unrestrlrted Total Total 2022 2021 Interest recelvable 27 27 8 Other Income Unrestrlcted Total Total 2022 2021 Government 5UPPQrt grants 33,283 33,283 33,283 33.283 102,923 102,923 9 Exp¢ndlture on tharltabl• adivitles UnrestrScted Total 2022 Tot*1 2021 Governance costs Accountsncy fees 3,000 3,000 3,000 3,OC(J Page 15 Tottenham Communty Sports Centre Notes to the Accounts 10 Other expenditure Unrestrfcted Totsl 2022 Total 2021 Bank loan and overdraft interest payable Employee costs Premises costs Amort15aiion, depreciatlon. impairment, profit/loss on disposal of fixed assets General admlnlstratlve costs 172.476 86,102 172,476 86,102 125,045 66,363 8,245 8,245 2,287 41.260 308,083 41,260 308,083 30,020 223,721 11 Nèt Inc<>me before tfonsfers 2022 2021 This IS stated after charging.. Depreciation of owned fixed assets 12 Staff ¢ostS 8,245 2,287 2022 2021 118,992 3,497 1.647 124,136 Salaries and wages Social security costs Pension costs 160.506 7.631 2,553 170,6 No employee received emoluments in excess of £EQ.OLWJ. The average monthly number of full time equivalent employees durin8 the year was as follows.. 2022 Number io io 2021 Number 12 12 Administrative staff The charlty's penslon is a work place pensSon held wrth NEST. Page 16 Tottenham C¢mmynity Sports Centre Notes to the Accounts 13 Tan8lble fixed assets Flxtures, ffttin8sand equipment All weather Totsl Cost or revaluatlon At l April 2021 Additions At 31 March 2022 Depreclatlon and Impalrment At l April 2021 Depreclatlon charge for the year At 31 March 2022 37,847 42,717 80.564 107,205 145,052 42,717 187,769 107.205 32,505 107,203 139,708 8.245 8,245 40,750 107,203 147,953 Net book values At 31 March 2022 At 31 March 2021 39,814 5,342 39,816 14 Investments Investment Subsldlarles Totsl Cost or re¥aluatk>n At l April 2021 At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 i(￿) loo Ico 100 Ic4) 100 IC(J Investmént In Subsldlarles The company has the following subsidiary undertakin8S: Capltsl and reserves at Profitl{loss end of the I for the relevant relevant Country of Iw)rporatlon aass of Ilf not VK) share5 held %ageof shares held Name of company year Tottenham Community Sports Centre 703 aub Ltd England Ordinary 104 4,007 Page 17 Tottenham Community Sports Centre Notes to the Accounts 15 Oebtors 2022 2021 Trade debtors Other debtors Prepayments and accrued income 6,025 15,895 3,000 24,920 13,081 21.935 16 Credltors: 3mount5 fallbng due within one year 2021 2021 Bank loans and overdrafts Trade creditors Other tsxes and social security Other creditors Accruals 315 1,892 2,641 262 2,114 3,071 457 9,210 8,110 17 Movement In funds In¢ornln8 resources At31 March 2022 Resources expended IlThdudln8 At IAwll other 2021 y5n5llossesl Restrlcted funds: Unr•strlcted funds: General lunds 187.358 322,603 1311,0831 198,878 Total funds 18 Analysls of net assets between lunds 187.358 322,603 1311,0831 198,878 VnrestrSrted funds Total Fixed assets 39,816 loo 39,816 loo 158,962 198,878 Investments Net current assets 158.962 198,878 Page 18 Tottenham Community Sports Centre Notes to the Accounts 19 Reconclllatlon of net debt At31 March 2022 At l Aprfl 2021 Cash flows Cash and cash equivalents 165,104 165,104 118,8671 118.8671 146.237 146,237 Net debt 165,104 118,8671 146,237 20 Commltments Operatlng leq5e commltments Annual commitments undei non