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Little Owls (Broseley)
Charity No. 1043532
Trustees’ Report and Unaudited Accounts 31 March 2025
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Little Owls (Broseley) Contents
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| Trustees’ Annual Report | Pages 2to3 |
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| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes totheAccounts | 6to11 |
| DetailedStatementofFinancialActivities | 12to13 |
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Page 1
Little Owls (Broseley) Trustees Annual Report
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The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1043532
Principal Office
Dark Lane Schoo! Campus
Dark Lane
Broseley
Shropshire TF12 SLW
Trustees
The following trustees served during the year:
L. Bailey
K. Harley
S. Hatton
K. Lawrence
Accountants
P1 Accounting Services Ltd
C11 Tweedale Industrial Est Madeley Telford TF7 4JR
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OBJECTIVES AND ACTIVITIES
The aims of the charity are to provide the highest standards of care and education for all the children in our care. We support parents/ carers to understand and provide for, the needs of their children. We understand and appreciate that the best standards of care come from good quality highly trained staff. We invest heavily into CPD and support our staff in obtaining appropriate training and support. We offer affordable childcare and are committed to being accessible for all children in our community.
ACHIEVEMENTS AND PERFORMANCE
With increasing costs across most sectors, we have tried to keep our prices low to ensure all families can still access affordable, good quality childcare. We have successfully rolled out the ‘free’ childcare spaces for children aged 9 months to 4 years and navigated our way through the local authority funding portal.
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FINANCIAL REVIEW
Any reserves generated are placed in a depositaccountto pay for unexpected contingencies and to build up a reserve to pay for replacement fixed assets.
We have seen an increase in our income due the higher rates of funding for under 2’s. However, this has slightly been off set by the rise in minimum wage and NI] contributions.
PLANS FOR FUTURE PERIODS
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Little Owls ({Broseley)
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Trustees Annual Report
Our plan is to continue to provide nursery services at the standard achieved in the past and to expand the activities offered to both children and parents throughout the year. However, we anticipate an increase in our nursery fees to support the increase in outgoings including National Minimum Wage. We are also looking at using the apprenticeship route as we’re finding recruitment difficult, after losing some long-standing staff.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The nursery is registered with Ofsted. The term of this registration means the nursery must adhere to their welfare requirements. These are regulated by Ofsted through their inspections. The nursery is also regulated termly by Shropshire Council. We also adhere to health and safety inspections from the food safety agency and fire safety checks. Our Nursery manager is employed to oversee the day to day running of the nursery. The parent committee meet every six to eight weeks to oversee and support this. The nursery also employs 18 members of staff including administration, deputy:managers, room leaders and nursery practitioners.
Statement of trustees’ responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that 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, the applicable Charities {Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Signed on behalf of the charity's trustees
S. Hatton Trustee 12 January 2026
Page 3
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Little Owls (Broseley) Statement of Financial Activities for the year ended 31 March 2025
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|Unrestricted|
|funds|Totalfunds|Total|funds|
|2025|2025|2024|
|Notes|£|£|£|
|Income|and|endowments|
|from:|
|Charitable|activities|2|431,938|431,938|367,756|
|Investments|3|381|381|227|
|Total|432,319|432,319|367,983|
|Expenditure|on:|
|Charitable|activities|4|16,023|46,023|17,166|
|Other|5|374,796|374,796|350,405|
|Total|390,819|390,819|367,571|
|Net|gains|on|investments|-|-|-|
|Net|income|6|41,500|41,500|412|
|Transfers|between|funds|-|-|-|
|TO|
|Net|income|before|other|
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|gains/(losses)|41,500|41,500|412|
|Other gains|and|losses|
|Net movement|in funds|41,500|41,500|412|
|Reconciliation|of funds:|
|Total|funds|brought forward|111,099|111,099|110,687|
|Total funds|carried forward|152,599|152,599|111,099|
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Little Owls (Broseley)
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Balance Sheet
at 31 March 2025
| Balance Sheet at 31 March 2025March 20252025 |
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| Charity No. 1043532 | 2025 | 2024 | |
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 8 | 89,429 | 96,782 |
| 89,429 | 96,782 | ||
| Current assets | |||
| Debtors | 9 | 118 | 118 |
| Cash at bank and in hand | 66,426 | 18,612 | |
| 66,544 | 18,730 | ||
| Creditors: Amount falling due within oneyear | 10 | (3,374) | (4,413) |
| Net current assets | 63,170 | 14,317 | |
| Total assets less current liabilities | 152,599 | 111,099 | |
| Net assets excluding pension asset or liability | 152,599 | 111,099 | |
| Total netassets | 152,599 | 111,099 | |
| The funds ofthe charity | |||
| Restricted funds | 11 | ||
| Unrestricted funds | 11 | ||
| General funds | 152,599 | 111,099 | |
| 152,599 | 111,099 | ||
| Reserves | 11 | ||
| Totalfunds | 152,599 | 111,099 |
Approved by the trustees on 12 January 2026
And signed on their behalf by:
S. Hatton
Trustee 12 January 2026
Page 5
Little Owls (Broseley) Notes to the Accounts
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for the year ended 31 March 2025
1 Accounting policies
Basis of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
| Fundaccounting | |
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| Unrestricted funds | These are available for use at the discretion ofthe trustees in furtherance of the |
| general objects ofthe charity. | |
| Designated funds | These are unrestricted funds earmarked bythe trustees for particular purposes. |
| Revaluation funds | These are unrestricted funds which include a revaluation reserve representing the |
| restatement of investment assets at their market values. | |
| Restricted funds | These are available for use subjectto restrictions imposed bythe donor orthrough |
| terms of an appeal. | |
| Income | |
| Recognition of | Income is included in the Statement of Financial Activities (SoFA} when the charity |
| income | becomes entitled to, and virtually certain to receive, theincome and the amount of |
| the income can be measured with sufficient reliability. | |
| Income with related | Where income has related expenditure the income and related expenditure is |
| expenditure | reported gross in the SoFA. |
| Donations and | Voluntary income received byway ofgrants, donations and gifts is included inthe |
| legacies | the SoFAwhen receivable and onlywhen the Charityhas unconditional entitlement |
| to the income. | |
| Tax reclaims on | Income from tax reclaims is included in the SoFAat the same time as the |
| donations and gifts | gift/donation to which it relates. |
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
| and facilities | where the benefit tothe Charity is reasonably quantifiable, measurable and |
| material. | |
| Volunteer help | The value ofany volunteer help received is not included in the accounts. |
| Investment income — | This is included in the accountswhen receivable. |
| Gains/(losses) on | This includes anygain or loss resultingfrom revaluing investments to market value |
| revaluation of fixed | atthe end ofthe year. |
| assets | |
| Gains/(losses) on | This includes anygain or loss on the sale of investments. |
| investmentassets |
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|Little|Owls|(Broseley)|
|Notes to the Accounts|
|Expenditure|
|Recognition|of|Expenditure|is|recognised|on|an|accruals|basis.|Expenditure|includes|any VAT which|
|expenditure|cannot|be|fully|recovered,|and|is|reported|as|part|of|the|expenditure to which|it|
|relates.|
|Expenditure|on|These|comprise|the|costs|associated|with|attracting|voluntary|income,|fundraising|
|raising|funds|trading|costs|and|investment|management|costs.|
|Expenditure on|These comprise|the costs incurred|by the|Charity in the delivery|of|its activities and|
|charitable|activities|services|in|the|furtherance|of|its|objects,|including|the|making|of grants|and|
|governance|costs.|
|Grants|payable|All|grant|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|
|paid.|
|Governance|costs|These|include|those|costs|associated|with|meeting|the|constitutional|and|statutory|
|requirements|of the|Charity,|including|any|audit/independent|examination|fees,|
|costs|linked|to|the|strategic|management|of the|Charity,|together|with|a|share|of|
|other|administration|costs.|
|Other|expenditure|These|are support costs|not|allocated|to|a|particular|activity.|
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Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
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Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses 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 fair value which is the amount the charity would have been willing 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.
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Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less 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 creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting 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.
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Little Owls (Broseley) Notes to the Accounts Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of[the][reporting][period.] Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. 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 ofthe liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense ona straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as 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 charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Income from charitable activities
| Unrestricted | Total | Total |
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| 2025 | 2024 | |
| £ | £ | £ |
| 431,938 | 431,938 | 367,756 |
| 431,938 | 431,938 | 367,756 |
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Little Owls (Broseley)
Notes to the Accounts
3 Income from investments
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| 3 | Income from investmentsinvestments | |||
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| Unrestricted | Total 2025 |
Total 2024 |
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| £ | £ | £ | ||
| 381 | 381 | 227 | ||
| 381 | 381 | 227 | ||
| 4 | Expenditureon charitable activities | |||
| Unrestricted | Total | Total | ||
| 2025 | 2024 | |||
| £ | £ | £ | ||
| Expenditure on charitable | ||||
| activities | ||||
| 16,023 | 16,023 | 17,166 | ||
| Governance costs | ||||
| 16,023 | 16,023 | 17,166 | ||
| 5 | Otherexpenditure | |||
| Unrestricted | Total | Total | ||
| 2025 | 2024 | |||
| £ | £ | £ | ||
| Employee costs | 322,835 | 322,835 | 298,319 | |
| Premises costs | 23,757 | 23,757 | 26,857 | |
| Amortisation, depreciation, | ||||
| impairment, profit/loss on | 7,353 | 7,353 | 7,441 | |
| disposal offixed assets | ||||
| General administrative costs | 16,357 | 16,357 | 13,169 | |
| Legal and professional costs | 4,494 | 4,494 | 4,619 | |
| 374,796 | 374,796 | 350,405 | ||
| 6 | Netincome before transfers | |||
| 2025 | 2024 | |||
| This is stated after charging: | £ | £ | ||
| Depreciation ofowned fixed assets | 7,353 | 7,441 | ||
| 7 | Staff costs | |||
| 2025 | ||||
| Salaries and wages | 303,309 | 284,283 | ||
| Social security costs | 12,752 | 8,920 | ||
| Pension costs | 4,935 | 4,208 | ||
| 320,996 | 297,411 |
No employee received emoluments in excess of £60,000.
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Little Owls (Broseley) Notes to the Accounts
| 8 | Tangible fixed assets | ||||
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| £ | £ | £ | |||
| Cost orrevaluation | |||||
| At 1 April2024 | 166,936 | 42,376 | 209,312 | ||
| At 31 March 2025 | 166,936 | 42,376 | 209,312 | ||
| Depreciation and | |||||
| impairment | |||||
| At 1April 2024 | 76,665 | 35,865 | 112,530 | ||
| Depreciation chargeforthe | 6,677 | 676 | 7,353 | ||
| year | |||||
| At 31 March 2025 | 83,342 | 36,541 | 119,883 | ||
| Net book values | |||||
| At 31 March 2025 | 83,594 | 5,835 | 89,429 | ||
| 9 | At 31 March 2024 Debtors |
90,271 | 6,511 | 96,782 | |
| 2025 | 2024 | ||||
| £ | £ | ||||
| Other debtors | 118 | 118 | |||
| 118 | 118 | ||||
| 10 | Creditors: | ||||
| amounts falling due within one year | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade creditors | 3,184 | 4,222 | |||
| Othertaxes and social security | (1) | - | |||
| Accruals | 191 | 191 | |||
| 3,374 | 4,413 | ||||
| 11 | Movement in funds | ||||
| Incoming | |||||
| Atl April | resources {including other gains/losses |
Resources expended |
At 3t March 2025 |
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| 2024 | ) | ||||
| £ | £ | £ | |||
| Restricted funds: | |||||
| Unrestricted funds: | |||||
| General funds | 111,099 | 432,319 | (390,819) | 152,599 | |
| Total funds | 111,099 _ |
432,319 | (390,819) | 152,599 |
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Little Owls (Broseley) Notes to the Accounts
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12 Analysis of net assets between funds
| 12 | Analysisofnetassetsbetweenfunds | |||
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| 12 | Analysis of net assets between funds | Unrestricted funds |
Total | |
| f£ | £ | |||
| Fixed assets | 89,429 | 89,429 | ||
| Netcurrent assets | 63,170 152,599 |
63,170 152,599 |
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| 13 | Reconciliation of net debt | |||
| At 31 | ||||
| At 1 April | March | |||
| 2024 | _—Cash flows | 2025 | ||
| £ | £ | £ | ||
| Cash and cash equivalents | 18,612 | 47,814 | 66,426 | |
| 18,612 | 47,814 | 66,426 | ||
| Net debt | 18,612 | 47,814 | 66,426 | |
| 14 | Commitments |
Operating lease commitments
Annual! commitments under non-cancellable operating leases are as follows:
| 2025 | 2025 | ||
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| Land and oe buildings |
Other | ||
| £ | £ | ||
| Operating leases with expiry date: | |||
| Pension commitments | |||
| 2025 | 2024 | ||
| £ | £ | ||
| The pension costcharge to the charity | |||
| amountedto: | 4,935 | 4,208 |
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Little Owls (Broseley) Detailed Statement of Financial Activities
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for the year ended 31 March 2025
| Unrestricted funds |
Totalfunds | Totalfunds | ||
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| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Income and endowments from: | ||||
| Charitable activities | ||||
| 431,938 | 431,938 | 367,756 | ||
| 431,938 | 431,938 | 367,756 | ||
| Investments | ||||
| 381 | 381 | 227 | ||
| 38d8BE | 8BEA | |||
| Total income and | endowments | 432,319 | 432,319 | 367,983 |
| Expenditure on: | ||||
| Charitable activities | ||||
| 16,023 | 16,023 | 17,166 | ||
| 16,023 | 16,023 | 17,166 | ||
| Total of expenditure on charitable activities . |
16,023 | 16,023 | 17,166 | |
| Employee costs | ||||
| Salaries/wages | 303,309 | 303,309 | 284,283 | |
| Employer's NIC | 12,752 | 12,752 | 8,920 | |
| Pension costs | 4,935 | 4,935 | 4,208 | |
| Staffentertainment | 240 | 240 | 592 | |
| Staff recruitment | 1,599 | 1,599 | - | |
| Stafftraining | - 322,835 |
- 322,835 |
316 298,319 |
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| Premises costs | ||||
| Rent | 3,840 | 3,840 | 3,840 | |
| Rates | 1,072 | 1,072 | 1,036 | |
| Light, heat and power | 7,325 | 7,325 | 6,823 | |
| Premises cleaning | 4,695 | 4,695 | 4,625 | |
| Premises repairsand maintenance |
432 | 432 | 8,050 | |
| Other premises | costs | 6,393 | 6,393 | 2,483 |
| 23,757 | 23,757 | 26,857 | ||
| General administrative costs, | ||||
| including depreciation and | ||||
| amortisation | ||||
| Depreciation of a. buildings |
land and | 6,677 | 6,677 | 6,677 |
| Depreciation of | 676 | 676 | 764 | |
| Bank charges | ~ | 6 | 6 | 34 |
| Equipment leasingand hire | 5,981 | 5,981 | 6,163 | |
| charges |
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Little Owls (Broseley)
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|Detailed|Statement|of|Financial|Activities|
|General|insurances|3,475|3,475|2,329|
|information|and|publications|473|473|-|
|Software,|IT support|and|related|
|-|-|426|
|costs|
|Stationery|and|printing|1,629|1,629|987|
|Subscriptions|1,270|1,270|1,025|
|Sundry|expenses|1,271|1,271|-|
|Telephone,|fax and|broadband|2,252|2,252|2,205|
|23,710|23,710|20,610|
|Legal|and|professional|costs|
|Accountancy|and|bookkeeping|2,327|2,327|2,387|
|Other|legal|and|professional|2,167|2,167|2,232|
|costs|
|4,494|4,494|4,619|
|Total|of expenditure of other|costs|:|374,796|374,796|350,405|
|Total|expenditure|390,819|390,819|367,571|
|Net|gains|on|investments|.|-|-|
|Net|;income|41,500|41,500|412|
|Net|income|before|other|
|;|41,500|41,500|412|
|gains/(losses)|
|Other|Gains|-|-|-|
|Net movement|in funds|41,500|41,500|412|
|Reconciliation|of funds:|
|Total|funds|brought forward|111,099|111,099|110,687|
|Total funds|carried forward|152,599|152,599|111,099|
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