REGISTERED CHARITY NUMBER: 1050702 TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 FOR C.B.C CHARITABLE TRUST TC Group 31 High View Close Hamillon Office Pork Leicester Leicestershire LE49LJ
C.B.C CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMEIITS For The Year Ended 31 Mareh 2024 Page RefeRnce and AdminlstsaHve Delalls Trustees. Report Independent Examlner's Report Slalemenl of Plnanclal Actlvllles Balance Sheet Cash Flow Statement Noles to the Cash Flow Stal•m•nt 10 Notes to Ihe Flnanclal Statements I I to 16 Detalled Slatem•nt ot Flnanclal Actlyllles 17
C.B.C CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS For The Year Ended 31 March 2024 TRUSTEES Y Ahmed Y Y Ahmed D A Ismail l Ahmed H Ismail PRINCIPAL ADDRESS 333 Hvmberslone Lane Thurma5ton Leicesler LE4 9JR REGISTERED CHARITY NUMBER 1050702 INDEPENDENT EXAMINER TC Group 31 High View Close Hamilton Office Park Leicesler Leicestershire LE4 9LJ Page I
C.B.C CHARITABLE TRUST TRUSTEES. REPORT For The Year Ended 31 March 2024 The trustees present their report with Ihe financial statements of the charity for the year ended 31 March 2023. The Iruslees have adopted Ihe provision5 of the Stolement of Recommended Practice ISORPI 'Accounting ond Reporting by Chorities, (effective l January 20191. OBJECTIVES AND ACTivillES Obfvcllves and alms The objectives of the charity Ore; The refiel of the aged who ore in need of care and allention because of the disabililies of old age by the provision of accommodulion and other basic necessities of life as required. The refief of poverty of person5 who are in conditions of need, hardship or distress. in particvlar by Ihe promsion of temporary accommodation and other necessities of life as required. The advancement of religion according to the tenets of the Islomic faith. In selling our objectives and planning our actiMtie5, the Trustees have given corefvl considerolion lo the chority commi55ion's general guidance on pubfic benefil. Page 2
C.B.C CHARITABLE TRUST TRUSTEES, REPORT The Year Ended 31 March 2024 OBJECTIVES AND ACTivrriES Actlvltles for o¢hlevln9 objeclives The objectives of the charity are. os outlined in Tn)st Deed of the charity. relief of poverty ol persons who are in conditions of need. hardship or distress, in particular by the provision of temporary accommodalion ond other nece551tie5 of life a5 required. In 1999, when we visited The Gambia for the first time we realized the large communities were in need of assislance. What we witnessed wos o lorge Muslim population in poverty, many without even the basic essential such a5 water. electricity, shelter for Iheir home5 and adequote food to eat. C.B.C. Charitoble Trust is based in Leicester with the primory oim of helping the poor and needy in Africa and Asia. Much of our work 15 concentrated in The Gambia IWe5fem Africa) bul we also hove ongoing projects in India. We slriclly operate a l 00% donations - 0% deductions policy. so every penny of every donation goes to those who need il most. CuNent AcllvlNes We ore involved in many diff8rent oreas and our projects ronge from supporting many orphanages, providing structures for religious and secular schools for education. food and clothing dislribulion, water bore hole projecls. feeding programs, Romadhan lftor food distributions, sponsorship and relief efforts when a di5QSter occurs. Widows. rèfugees, poor and desolote people have olso been assisted, directly and through other charilable organisalions. The charify continues to promole quality educalion for children in o safe and encouraging environment and encouraging self-svstainoble project5 to help break the reliance on aid. Water- During the year. the charily provided access to cleon drinking wafer by installing five bore-holes across the country with submersible pumps powered by solar panels and some with mains eleclric and fitting stand pipes for use by the general public and making water more accessible to the community. Safe clean water prevents many medical conditions and provides a basic essential of life to many pèople. Access lo sofe water is fundamentol to the development of ony community ond con break the cycle of poverty. Safe and reliable water gives hope and security, Food & Ramodhan Iftor Food Distributions - En5vre a less fortunate person has the means to open Iheir fast with O PToper meal. It is very rewording to feed a person. more so o fosling person. Such a person will Teceive as many rewards as the fosting persor) receives. without any reduction in the reward of the fasting person. The charity has been involved in regular food distribution aid packages to underprimleged communities across the counlry Ihrovghout the year. ffte food distribution program ha5 been extensive. with nearty all regions of the counlry benefiting from it. During Ihe month of Ramadhan. over 12.000 fomilies in different parts of the Gambia benefited from the yeorly lftor food dislribution which intends to provide relief during the blessed monlh to the poor and needy fomilies. The charity initiated a monthly feeding scheme for thirteen selected schools and four orphanages that il supports on a monthly basis with a fixed food ration Ihol includes rice. sugar, oil, and other food aid ilems in ifs humanitarion efforts over the past years. Qurbani - Your Qurbani to the ne6dy in The Gambia will promde a life changing Fid Gill. Giving Qurbani 15 obligatory for every Muslim who is finoncialty able to do so. By sacrificing what we have lo help those in need. we offer hope to the staNing family and bringjoy to them on Eid. During the Eid festivals the meal of animals wos distribuled amongst the poor and needy benefilling over 250 families. Page 3
C.B.C CHARITAILE TRUST TRUSTEES, REPORT For The Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Madresso Clossrooms & Orphanages - Ensuring vulnerable children in Asia and Africa gel the schooling th&y need and deserve by leaming languages and Quran. Hoving o classroom can ensvre children are physically and &motionally safe. it helps them engage in the education they are receiving and the knowledge that will stay with them for a lifetime. Most of these children are also PTowded with a hot meal. The charity continued lo con51ruct new orphanages and community schools and maintain existing orphanages and community schools in villages deemed nece55ary. The charity continued to support schools enabling poor children and orphans for their bosic core and maintenance including providing them religious and secular edvcalion. Moking o Mosjid - A dedicated place to practice ond share our faith 15 really important. but Muslim communities in developing counlries do not aayS hove o locol mosjid. A masjid can be called the heart of a Muslim community. by donating you con help empower those who live there with a greater connection to Ihe Almighty. During the yeor the chorily buill one new community masjids. os well as extensive renovalion works lo Koloi Masjid which included replacing Ihe main mosjid roof and ceilings together with other major refvrbishmenls for the benefil of the commvnily. The charity also provided carpets for the ma5jids during the year. Income Generation - Our livelihood programs gim to empower vulnerable communitieslschools to improve their access to food ond Iheir own income by providing the means to start a business like poultry farm and horticultural farming. This is the most powerful way of reducing poverty and improving the quolily of fife in developing covnlries. During the yeor we established 0 5elf-suslaining project through forming, gardening and poultry. The project is primarily meant for the Orphans and Iow-income students at Ihe school. The revenues from poullry and farming produce is used to provide feeding for the orphans. Teacher5 salaries. Clothing. Leaming moleriols, Medical bills. frequent renovation of the school focililies and poying the eleclricily bill for the school. Any surplus funds are used lo re-invest in feed for poultry, seeds, equipment and embarking on other projec15. Emergency reliefs helping in a crisis, disasters ond conflicts, to individual injuries ond other personol challenges. This can be vio food porcels. medical care or even homes. We see how vulnerable Ihe people are ond how much Ihey need our protection. Toilet and Sanitation Projects - the lack of adequate sanitation facililies is a major reason why many children. particulady girls. fail to altend school. The lack of facilities may well offecl the performance and ochievement of Ihose who do oltend. ond is certainly delrimentol to the working conditions of teochers. The charity embarked on providing new facilities to 6 schools duTing Ihe year. This had o very positive impact which will help leamers to hove good sanitary facilities. which will help them ovoid obsenteeism from school and deserling closses ond improve their performances. Child sponsorship- Sponsor an Orphan child with li*tle a month ond goin so much more. a5 Ihis covers, food, medical and education. Family sponsorship - this covers the whole fomily limng under one roof. be it a widow family or a family with people with disabilities. Masjid prayer mal - mot allows people to pray their Salah on. Quran- provide a Quran to be used by a child or the whole family. Medical sponsorship - signing vp loward5 a medical 5pon50rship will ollow the needy to poy for medical bills and allow medical treatment. Grantmaklng The charity is well known in the Leice51er Mvslim Community and is approached on an almost doily basis. Each opplication is viewed on ils merits. The trvsl is assisted in these mallers by the three moin Mosques in the Leicester area. For lorger donations. the con5enl of a leasl Trustees is required. Page 4
C.B.C CHARITABLE TRUST TRUSTEES. REPORT Far Thè Year Ended 31 March 2024 FINANCIAL REVIEW Reserves polky The reseNes of the charity are made up of ieslricted and unreslricted ftjnds. The chority holds fund5 of £83.029 12023- £36.2151. Thi5 is splil belween restricted ftjnds of £23,59012023: £14.5371 ond unre5tricled funds of £59.439 12023: £21.6781. The restricted funds held are %95012023.' £9501 for the Jame Mosque. the purpose of which is to help fund and continue to support Ihe M05que and £22.64012023: £13,587) for funds that hove been donoted for the provision of medicol focifities. food and other necessities in order to provide relief lo those in need who live in the Gambia. The vnreslricted funds generoled are spent on vorious chorities a5 decided by the Irvstee5 on on ongoing basis. This fund ha5 no set reqvirement and receipts into this fund hove no designofion. The charity received donations ond relaled gift aid amovnting lo £627,72312023: £534,896) dvring the year and paid out donations of £575.40212023= £531,145). The charity will continue lo fundroise and provide donations under ils main objective. If any speciol projects arise in the future. then the charify will vndertak& a special fundraising appeal. The charity plans lo increase its activity in the Gambio and wll continue wilh field visits in the coming years. Thé charity has a good neork wthin the country which can be relied upon for proper distribution of aid and ensuring th projects are completed salisfaclorily for it5 intended recipients. The Trustees endeavour to distribute oll income received in the period lo charitable causes. STRUCTURE. GOVERNANCE AND MANAGEMENT Conslmion The C.B.C Charitable Trust is an unincorporoted twsl. consliluted vnder a Irusl deed dated 18 October 1995 and is a registered chority. number 1050702. Orgunisolional slwclure and declslon maklng The twstees who have served during the year are set out on pag8 l and have o wide range of skills and experience. the majorily of them also being involved wlh other chorilies. Approved by order of the board of truste&s on I l December 2024 ond signed on its behalf by- D A Ismail- Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF C.B.C CHARITABLE TRUST Independent examlnerfs report to the Irustees ol C.B.C Charllable Twsl I report to the charity Irustees on my exominalion of the accounts of C.B.C Choritoble Trust Ithe Trust) for the year ended 31 March 2024. Respon$lbllllles and basls of report As the charity Irustees of the Trust you ore responsible for the preparation of the accounts in accordance with the reqviremenls of the Charities Acl 2011 I'the Act'i. I report in respect of my examination of the Tnjsl's accounts carried oul under Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by Ihe Charity Commission Under Seclion 145151 Ibl of the Act. Independ•nl examlnerfs slalement Since your charily's gross income exceeded £250.000 your examiner musl be o member of o listed body. I can confimi Ihat l am qualified to undertoke the examinalion becavse l om a member of the Inslitule of Chortered Accovnlanls in England and Wales. which is one of Ihe listed bodies. I have completed my examination. I confirm tt)at no moterial mallers have come lo my attention in connection with the examination giving me cavse to believe that in any material respect: accovnting records were not kept in respect of Ihe Trust os reqvired by Section 130 of the Act,. or the occount5 do not accord with those records- or the accounts do not comply with the applicable requirement5 concerning the form and content of occounts set out in Ihe Charities (Account5 and Reportsl Regulations 2008 other Ihan any requirement that the accounts give o tnJe ond fair view which 15 not a motter considered as part of an independent examination. I hove no concem5 ond hove come across no other matters in connection wilh Ihe examination lo which allenlion should be drawn in Ihis report in order to enable a proper vnderstanding of Ihe accounts to be reached. J Dennis ACA TC Group 31 High View C105e Hamilton Office Park Leicester Leicestershire LE4 9LJ I l December 2024 Page 6
C.I.C CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 Mafch 2024 2024 Tofal funds 2023 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations ond legacies 192.670 435.053 627.723 534.896 Investmenl income Tolal 192.670 435.053 627.723 534,904 EXPENDITURE ON Chorltable octlvltiè5 General 54.909 526,000 580,909 533.963 NEf INCOME/(EXPENDITURE) Transfers b¢een Ivnd$ 137.761 1100.0001 190.9471 100,000 46.814 941 12 Net mov•m•nl In funds 37,761 9.053 46.814 941 REcONCILnON OF FUNDS Total funds brought forward 21.678 14,537 36,215 35,274 TOTAL FUNDS CARRIED FORWARD 59,439 23.590 83.029 36,215 The note5 form port of these financial stolemenls Poge 7
C.B.C CHARITABLE TRUST BALANCE SHEET 31 March 2024 2024 2023 Notes CURRENT ASSETS Debtors Cosh at bank 19.253 65,600 15,559 22.405 84.853 37.964 CREDITORS Amounts folling due within one year 10 11.8241 11.7491 NET CURRENT ASSETS 83.029 36.215 TOTAL ASSETS LESS CURRENT LIABILItIES 83,029 36.215 NET ASSETS 83,029 36,215 FUNDS Unrestricled funds Restricled fvnds 12 59.439 23.590 21.678 14.537 TOTAL FUNDS 83.029 36,215 The financiol stalemenls were approved by the Board of Trvstee5 and aulhorised for issue on I l December 2024 and were signed on its behalf by= D A15moil- TTuslee The note5 form part of these financial statements Page 8
C.B.C CHARITABLE TRUST CASH FLOW STATEMENT For The Year Ended 31 March 2024 2024 2023 Nole5 Cash Ilows from operallng actlvlll•3 Cash generated from operalions 43,195 11,8601 Net cash provided byllused inl operoling aclivifie5 43.195 11,8601 Cash flow$ from InVeing acllvHles Interest received Net cash provided by investing activities Chonge In cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents atthe beginnlng of the reporting perfod 43,195 11.8521 22.405 24,257 Cash and cash equlvalents ollhe end ol Ihe v?porllng perlod 65.600 22.405 The notes fom part of Ihese financial statements Page 9
C.B.C CHARITABLE TRUST NOTES TO THE CASH FIOW STATEMENT For The Year Endèd 31 laarch 2IY24 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Income for the reportlng perlod (as per Ihe Statement ol Flnanclal Actlvltles) Adjvslments for: Interest received Increase in debtors Increose in creditors 46,814 941 18} 12.9131 120 13,6941 75 Cash provlded byl(uied In) oper(thon$ 43.195 11,8601 ANALYSIS OF CHANGES IN NET FUNDS At 1 .4.23 Cash flow At 31.3.24 Net cash Cash at bank 22,405 43,195 65.600 22,405 43,195 65,600 Total 22,405 43,195 65.600 The noles form part of these financial statements Page 10
C.B.C CHARItABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For Th• Year Ended 31 March 2024 ACCOUNTING POUCIES Basls of wéparlng Ihe ftnanclol slatements The financial slatements of the chorify, which is o public benefit entity under FRS 102, hove been prepared in accordance wlh the Charities SORP IFRS 1021 'Accounting ond Reporting by Chorities: Slalement of Recommended Practice applicable to charities preparing their occovnts in accordance wilh the Financial Reporting Slandord applicable in Ihe UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financiol Reporting Slandard 102 'The Financial R&porling Standard applicable in the UK and Republic of Ireland, ond the Chorities Act 2011. The financial statemenls have been prepared undei the historical cost convenlion. Income All income is recognised in the Statement of Finonciol Activilies once the chority has 8nlitlem&nl to the funds. il is proboble Ihot the income will be received and Ihe amount can be measured reliably. Exp•ndllure Liabilities are recogni5ed as expenditure as soon as there is a legal or constrvctive obligalion commitling the chority lo that expendilure, it is probable that a Iransler of economic benèfils will be required in settlement ond the omounl of the obligation can be mea5vred reliabty. Expendilure 15 accounled for on an accnjals basis ond has been classifi8d under heodings Ihol oggTegote all cost reloted to the category. Where cosls connot be directly allribuled lo particular heodings they have been allocated lo activilies on a basis consistenl with the use of resouices. Grants offered subjecl to conditions which hove not been met at the year end date ore noted as o commitmenl bul nol accrued as expendilure. Taxation The chofity is exempt from lax on its charitable activities. Fund qccovnllng Unrestricted funds can be used in accordance with the chorilable objectives ot the discretion of Ihe Iruslees. Restricted ndS can onty be used for particular reslricted purposes within the objects of the charity. Restrictions orise when specified by the donor or when funds are raised for particular restricted purposes. Fvrther explonalion of the nature and purpose of eoch fvnd is included in the noles to the financial stalemenls. DONATION5 AND LEGACIES 2024 2023 Donolions 627.723 $34.896 Pagell conlinued...
C.B.C CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued For The Year Ended 31 March 2024 INVESTMENT INCOME 2024 2023 Interest receivable CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 51 Support costs (see note 61 Totals General 575.402 5,507 580,909 GRANTS PAYABLE 2024 2023 General 575,402 531.145 The totol gran15 paid to in5tilulions during the year wa5 a5 follows: 2024 2023 Gambia Project others 526,000 49.402 510.500 20,045 575.402 531.145 SUPPORT COSTS other cosls Governance costs Finance Tota15 General 599 3,094 1,814 5,507 Support costs, included in the above. are as follows: 2024 2023 Total activilies General Bank charges Insurance Postage ond slalionery Sundries Accountancy and legal fees 599 577 2,217 300 1,814 553 525 1,740 5.507 2.818 Poge 12 continued...
C.B.C CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - conllnued For The Year Ended 31 March 2024 TIIUSTEES, REMUNERATION AND BENEFITS There were no trvslees. remuneration or other benefits for the year ended 31 March 2024 nor for the y8ar ended 31 March 2023. Tree$. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAI ACTIVIIIES Unreslricted fund Restricted funds Tolal fund5 INCOME AND ENDOWMENTS FROM Donolions and legacie5 160.574 374.322 S3496 Investment income Total 160,582 374,322 534.904 EXPENDITURE ON Charltable acllvllle5 General 23.463 510.500 533,963 NET INCOME/(EXPENDITURE) Tron$ters behyeen lunds 137,119 1140.0001 1136,178} 140,000 941 Nel movement In funds 12,881 3.822 941 RECONCIUATION OF FUNDS Tolol fijnds brought folword 24.559 10.715 35.274 TOTAL FUND5 CARRIED FORWARD 21.678 14.537 36,215 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 other debtors 19,253 15.559 Page 13 continued...
C.B.C CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - Conllnved For The Year Ended 31 March 2024 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 other creditors 1,824 1,749 ANALYSIS OF NET ASSETS BEIWEEN FUNDS 2024 Total funds 2023 Totol fund5 Unrestricted fund Re51ricted fvnds Cuffent a55ets Cuffent liabilities 64.611 15.1721 20.242 3,348 84.853 11,8241 37.964 11,7491 59,439 23.590 83.029 36.215 12. MOVEMENT IN FUNDS Net movement in funds Transfers belween fund5 At 31.3.24 Al 1.4.23 Unre$frl¢led fund$ General fund 21.678 137.761 1100.0001 59.439 Resfrlcted lunds Jame Mosque Gombia Project 950 13,587 950 22.640 190,9471 i 00,000 14,537 190.9471 I00.IXiO 23.590 TOTAL FUNDS 36.215 46.814 83,029 Net movemenl in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrkted funds General fund 192,670 154.9091 137,761 Restrl¢ted funds Gambia Project 435,053 1526,0001 190.9471 TOTAL FUNDS 627,723 1580,9091 46.814 Page14 conlinued,,.
C.B.C CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnved For The Year Ended 31 Moreh 2024 12. MOVEMENT IN FUNDS - eonllnued Comparalives for movement In fund$ Net movement in funds Transfers belween funds Al 31.3.23 At 1.4.22 Unreslrkted Ivnd$ General fund 24,559 137.119 1140,0001 21,678 Restrlcted lund$ Jame Mosque Gombio Project 333 10.382 617 1136.7951 950 13.587 140.IJOO 10.715 1136,178} 140.000 14.537 TOTAL FUNDS 35.274 941 36.215 Comparative net movemènt in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrkted fvnds General fund 160.582 123,4631 137,119 Restrl¢led funds Jame Mosqua Gombia Projecl 617 373.705 617 1136,7951 1510.5001 374.322 1510.5001 1136.178) TOTAL FUNDS 534,904 1533.9631 941 A cvrrent year12 months ond prior y8or 12 months combined position is as follows: Net movemenl in funds Transfers between funds Al 31.3.24 At 1.4.22 Unrestricted lunds General fund 24.559 274,880 1240,0001 59.439 Restrlcled lund$ Jame Mosque Gombia Project 333 10.382 617 1227.7421 950 22.640 240,CQO 10,715 1227,1251 240.000 23.590 TOTAL FUND5 35.274 47,755 83.029 Page 15 continued...
C.B.C CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnved Foi The Year Ended 31 March 2024 12. MOVEMENT IN FVNDS . conllnved A cuffent year 12 months and prior year 12 months combined net movemenl in funds, included in the obove are as follows: Incoming resources Resovrces expended Movement in funds Unréstrkted lunds Generol fund 353.252 178,3721 274,880 Reslrfcléd fvnds Jame Mosqve Gambia Project 617 808,758 617 1227.7421 11,036,500) 809.375 11.036.500) 1227.1251 TOTAL FUNDS 1,162.627 11,114,872) 47,755 Restrlcled funds Jame Mosque- Fvnding towards the ongoing support of the Mosque. Gambia Project - Funds donaled for the relief of povety. sickness and distress of persons who are in conditions of need and hardship by promding food, clolhing. accommodation and financial asslstance in Ihe Gombio through the provision of medical facilities. food and olher necesslties. 13. RELATED PARTY DISCLOSURES During the year the charity received the following donations: Fashion Fabric Transprintets Limited £1 00,00012023.. £70.C(101 Sludio One Ltd £50.00012023: £55.0001 The five trustees are also director5 Of the obove nomed compani85. 14. ULnMATE CONTROLLING PARTY The Trustees consider that the Trust has no individvol conlrolling party. Page 16
C.B.C CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVIIIES For The Year Ended 31 Mav¢h 2024 2024 2023 INCOME AND ENDOWMENTS Donalions and legacleg Donalions 627.723 534,896 Invèslmènt Income Interest receivable Total Incomlng re$our¢es 627.723 534.904 EXPENDITURE Charltable acllvttle$ Grants to institutions 575.402 531,145 Svpport costs Flnance Bank chorges 599 553 Olh•r costs Insurance Postage ond stationery Svndrie5 577 2.217 300 525 3,094 525 Governance cosls Accountoncy ond legal fee5 1.814 1.740 Total resources expended 580.909 533,963 Net Income 46,814 941 This page doe5 not form part of the stalutory financial statements Page 17