SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LTD FLNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Registered Company No: 01036616 Registered Charity No: 1057079 SITTINGBOURNE AND KEMSLEY LIGITT RAILWAY LIf*UTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 INDEX Repon of the Tntstres l Directo Independent Examiner's Report to the Trustees Swemeni of Financial Activities Balance Sheet 7-12 Note5 to the Financial Statements SITTINGBOURNE AND KEMSLEY LIGirr RAILWAY LIMITED REPORT OF THE TRUSTEES FOR THF. YEAR ENDED 31 DECEMBER 2021 Page I The Trnsteemiiectors submit their report together with the unaudited fiftan¢ra] 5taternents foT the year ended 31° D¢¢ember 2021 Ob'ectives and Aetivities The Charity is primarily engaged in thc advancement of the education of the public by the establishment and PreserV￿10n of a working narrow-gauge heiit4tTe railway. Achievements and Performance Having not been peTmitt¢d to open for our rwular Christmas trains tn December 2020 we started 2021 with a significant revenue shonlall. In October 2020 we were awarded a sigllificant goveTnmeDt Depathent for Dtgitai, Culture, M¢dia & Sport (DCMS) Retovery Fund for Heritag¢ Cjranr of £26,500 which. coupled with many hours of volunteer tirne over ihe winter. enabled us to deliver long awaited enhancements to provide toilet and staff facilitie& s￿￿free access. improved security and stordge facilities ￿ Siningbourne Viadllct. An addiiional Grant of £3,400 from Keni County Council iogether with Support fimdlng and business re-start grants from Swaic Borough Council ttstalliRg around £18,500 received between January and April 2021 enabled this project and other Works to be ¢ompleted Suc￿sSfUllY enabling us lo rewn on IA May 2021 with the new facilitie The lack of trains ai Christmas 2020 ￿l￿d￿t that ourspeciaii5t contrauot5 were able 10 colnplete the scheduled maintenancc programme on Milton Regis viaduct early in the New Year with additional restordtion on the two Prentis Qllay Bridges. With f]nancial support from our tnembers and some sup]x)rt from our contractor, me￿ SirdC5 Ltd.. we were able to Èllvest £30,800. Further maintenance works are scheduled for the winterof 20221202? alld itwill bc Decessary to pui aside funds from the 2022 s¢ason forthese. It was possible to re5Èor¢ a reduced train service for pre4K)oked pas5eDgers with appropriate distsncing and extrd hygiene and cleaning arrangemenis from the beginning of May 2021. With the fvnher easing of restricti0ll5 in mid-July 2021 the Trustee Dtrectors were able to increas¢ th¢ train service for th¢ sun￿er school holidays and w¢ completed the Tnain season as well as our Christmas trdiDS. By the end of the yvdr our operatin(k revenues had recovered to about 70￿/￿ of the pte-pandemic levels In June 2021 an agreern¢nt forthe use of the rnilway land betwf£n Sittinsbourne Vtaduct and the boundary of the leased land ￿ Kemsley Down was signed be￿et￿ SKLR Hertrage (the freeholder) and SKLR Limiied (the Charity) for a peri(Kl of 999 year5. During these very difficult times the volullte¢rs of the railway have ¢ortlinued to conthThute considerable time and effort towards Ma￿tilaining and developing the rdilway for the benefit and education of the publtc. Considerable'behind the s¢enes- work continues to take place to establish a secure future for the railway &$ a key parr of the regenerdtion of Sittingbourne and Milton Regis. The furure of the railway requires ongoing aTrd active support from our membeT5 and any who have not actively participated before are strollgly inviied to contact Officers listed ill 'The New Bogie" to support the Ch8rÉty and to share the enjoymenL Good relations ¢oniiAue with Swale Borough Council and the fuTtherdevelopment of Milton Creek County Park is progressing slowly. Thc upgrading of Milton Regis (Asdal s￿l0n will tske place in the M￿lUM ietm following a clartficati(Trn of fvrther development of the Country Park. The developTnent of a Skaie Park and Baroe Museum at Sittingbourne on the Wharf Site was eompleted by the end of 2021 and the arrival of the Thames Barge-Raybell- has enhanced the attr8Ction of this ar Post Balance Sheet Events In Febnjary 2022 a ￿rth¢r governmeni support grani for small busin¢&ses was received totslling £2,667. An additional grdni of £8,170 was received frorn Swale Borough Council in March 2022 for the purch￿ of steel boiler plate for the constnjction of new inner fjreboxes for'"Superb" and also for"Triumph" to pro￿￿$$ their scheduled major ovethauls. A significant event in May 2022 was ihe r¢Nm to service of our oldesi lts¢omotive "Premierf- after a lenuthy overhaul and restoration as near as practical to -'a9 delivered" ondition. The eveni was saddened by the withdrawal of ptemi¢r's slightly younuei sister -Ikader" at the end of her operating certificate. However, our locomotive fleet was incre&sed by one as 0￿￿e[ship of "Leadrf was handed over to the Charity by the consortium of members who had owned her since 1969. This will enable the Clwity to rais¢ funds for her eventual overhaul. A fully funded 5ucce5sful visit bY"pre￿Ier to our ¢olleagues at the We]shp￿[ and Llanfair Light Railway for their Gala in Sepiernb¢r 2022 has enabled u5 to undetTrke hei ￿tt￿l￿8-in and tesiing in a challenging envtronmeDt at no cost to the SKLR. This included the successfi&l teshng of her prototype new v&uum brnke equipment trdffic which could not at preseni be done on our railway. The Trustees are confident that we will Continue to be able to deliver a safe athd wular prodlld to enhance our support foT the aims and objectives of the Charity. SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Page 2 Finaneial Review The railway has adequat¢ T¢serves to continue as a going ¢(¥ncern until the end of the 2023 opeming season and the Trustee Dircctors are actively exploring additional fimding sources lo help to deliverplaT￿ed developments intended to itnprove ourvigitot5' experiences. Income for the year was £90.505. att increase from £76,783 in 2020. Ex￿diti￿t for the year was £90,902 8n in￿aSe frorn £78,307 in 2020. Overall, the chartty made a loss of £397 against a loss of £1524 in 2020. The net asset Position of the ch8riry has reduced frorn £49,674 to £49277. See n(Ae on the Reserves policy below Reserves Poli¢ The Chariry relies upon current trading income forthe fulfilment of its objectives. Certain hi#oric reserves are identified In the financial statements. There are no restrictions upon the use of fimds in furtherance of the Clwity's aims. Unrestrict¢d funds at the year-end amounted to £25,118 (2020- £6.652). Desi8nat¢d funds at the yearle for the prepaTation of f￿anCIal statements_ The twstees ¢ot)sider thai an audTt is not required for this year under section 144121 of the Charities Act 2011 (the ?01 l Aci.) and that an indepet]deT]t examination 15 n￿ed. Having satisfied Tnyself that the charity is not subject D) audit under eomp8ny law and is eligible for independent examination, it is my responsibility= to examine the financial statements under section 145 of the 2011 Act- to follow the procedures laid down in the General Dtrecuons given by the Charity Commis5ioll under section 145 (5) (b) of the 201 l A¢t= and to state where particular matters have com¢ to my aueniKm. BASIS OF INDEPEJYDENT EXAMINER'S REPORT My examination was carried out in accordance with the Gener&] Directions given bythe Charity CommissioD. An exalnination it]clude5 a review of the accouniing records kepi by the ¢hariry and acompari50ll ofthc fina]cial 5ts1ements preseni¢d with those records. It also includes consideration of any unusual items or disclosures in the fmancia] statements and seeking eXplan￿lonS from you as trLLStees concerning any such matteT5. The proceduTeS undertaken do not provide all the evidence that would be required in an audit. and COT15equently no opinion i5 given a5 to whether the r]n3llciai statements present a Irue and fairf view and the rew)n is limited to those matters set out in the statclnctrt b¢low. INDEPENDENT EXAMINER'S STATEMENT In connection with my exalntnation, no matter h&5 COtAe to my attention: (a) which gives rne re4sonthl¢ cau5¢ to believe in ony material respect the requirements: - to keep accounting records in ￿OrdanCe with section 386 olthe Companies Aci 2006. and - ￿ prepare f￿ancial stsiements which accord with the accounting records and io comply with the accounting requirements of section 396 of the Companies Aci 2(106 and with methtyts and principles of the State¥n¢nt of Recornmended Practicc Accounting and Reporting by Ch￿lÉ]eS have Dot be£ll met: or (b) to which, tn my Opinio￿ attention should be drawn in order to ¢thable a proper Unde￿andIng of the fiDdu¢ial statements to be reached. PETER HAINtNG P¢t¢r Haining FCA The Kings M&ll Practice. Cbartered Accountants Horns Lodge Meres Lane Cross- in-Hand I leathfield East Sussex TN21 OTY Date . 2b4 September 2022 s1￿1￿GBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED STATEMENT OF FINANCIAL ACTlVtTIES FOR THE YEAR ENDED 31 DECEMBER 2021 Page 5 Desigthattyl UDrestrieted 2021 2020 Note INCOME FROM- Charitable activities Members, Subscriptions General donations {inc. Covid Grants) Designaied Fund Incom¢.' Locomotive Restoration Coach 204 Restoratio Sittingbourne Secllrity SOS Appeal donations (inc. Viaduci) Project Sittingboume Ticket￿ special Trains Publications and Souvenirs Refreshments Steam and Beer Events Christma5 Opening Investments Bank interest received Other Sundry Total 3,520 28829 3,S20 2&829 3.891 175 7,122 7,122 5,898 1,000 8i8 29.405 2i,850 7.977 1,078 2.670 5.625 2,6511 2,650 22J60 4.175 IOJ36 22.860 4.175 IOJ36 5,1154 5,054 334 75,1118 334 90005 A5J97 76,783 EXPENDITURE ON: Cost of Sales Operating Costs (Comm. + Eng.) SOS Appeal Expenditure (inc vlad￿1) Sittingboume Security Project Siihngbourne Suppon costs Independent examiners fee 10,166 10.166 32,746 6J06 2,858 22,142 24.980 5,160 7,654 14,518 995 9,108 OJ06 27J82 27J82 13.027 1275 13,027 1275 Total 90 78,307 Net Movement In FuDds (27J99) 27.1102 (39D (1.5241 Transfers 8536 (8536) RECONCILIATION OF FUNDS: Total fi]nds brought fonvard 49 6.652 ￿74 51,198 Total funds carried forward 24.159 25,118 49377 49,674 All trallsaction5 are derived from continuing activities. All recognised gains and losses ate included in the stateTnent of financial activitie& sI￿INGBouRNE AND KEMSLEY LICWT RAILWAY LIMITED (R¢gistered Number 01036616) BALANCE SHEET AS AT 31 DECEMBER 2021 Page 6 21121 2020 FtXED ASSETS Tangibl¢ Assets 12 14 CURRENf ASSETS Stocks Debtor5 3J98 2,479 3,908 6.992 Loaft to SKLR Heritage (Repayable in more than l year) Cash in hand and in bank 43J88 50.765 39,260 51,160 CREDITORS (amounts due wtthin one year) 8 1.500 NET CURRENT ASSETS 49265 49.660 TOTAL ASSETS less CURRENr LIABILITIES 49277 49.674 UNRESTRICTED CHARITY FUNDS Designated Fund5 Generdl Funds 24.159 25.118 43,022 6,652 TOTAL FUNDS 49277 49.674 The company's financial statetnents have been prepared tn accordance wtth the Special pmvision5 applicable to compallies S￿bJec1 io the small companies regime of the Companies Act 2006. Th¢ Trnstees consideT that the company is entiiled io exemption from the reqU￿￿ent to have an audit wider the provisions of section 477 of the Companie5 Ad 2(￿6 ('*he ACV,) and membeTS have not required the company to obtsin an audit for the year in question in accordance with sectioll 476 of the Act. The Trustees acknowledge their responsil)ilitv for complying with the requirernents of the Companies Act 2006 with respect to accounting reconis and the prepardtton of the f￿ancial $th￿Ments. The financial sratements were approved and auth0ri5ed for i&sue by the TnJs*es on 25 September 2022 and signal on their behalf. by.. DJ Pile PA WÈlliam$ Trustee Dirthr Trustee Director The acComp￿y1￿g notes fonn an integral part of th￿¢ financial strternents. SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED IYOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31 DECEMBER 2021 Page 7 AeeollntiDg Policies 1.1 Basis of AccouDting Sittingbourne and K¢msley Light Railway LTmtted is a company limited by guarantee in the United KingdoTn. In the event of the Ch￿ilY being wound up. the liabiliry in respect olthe guarantee is limited io £1 per member of the charity. The address ot'the registered office Is given tn the charity illforniwion ort page 3 of these fjnancial statements. The natur¢ of th¢ ¢harity's operdtions and principal aciiviiies are set out on page l. The charity ¢onstitutes a public benefit entity L8 defined by FRS 102_ The financial statements have been prepared a¢¢ordance with Accounting and Reporting by Charities= Ststemcnt of Recomrnendcd Praaice applicable to charities preparing their accounts in acc4)rdance with the Financial Reporting Standard applicable it] the UK (FRS 102), the Financial ReponiDg Standard applicable the United Kingdom (FRS 1021, the Charities Act 2011. UK Generally A¢ttpied Practice ￿ it applies from l January 2015 and the Charity SORP IFRS102} amended for Update Bulletin l. The financial S￿e[nents are Prepared a going Concern basis under the historical cosi convention. Tn(Kiified to include certain items at fair value. The financial ststements are prepared in sterling whidt is the functional currency of the charity. The significant accouniÈng policies applied in the prepBrnii)n of these fitwicial swements are set out below. These policies have been consisiently applied to all years presented unless otherwise stated. The presentstion and fundional currency are in Briiish £ and have beeD ￿Unded to the nearest £. 1.2 Fund aetOUDtiDg General funds are unrestrlc￿d funds which are available for use ￿ the discretion of the Trustees in funhetance of the general objectives of the COEnpany and which have not been desigllated for other purpose5. Designated ￿ndS cornprise unrestricted funds that have been get aside by the Trustees for particular purposes. The aim and use of each designaied fimd 15 set out in noie5 to the financial statements. 1.3 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depr¢ciatioD. Deprttiation is provided at rates calculated to write off the cosi of f￿ed assets, It￿ their estimaied residual value, ovtr their expected use￿1 lives on the following bases: Buildll￿s Rolling s[￿k Sundry Plant and Equipment Ele¢tronÈc Equipment 2￿/fj on wrilten down value on cost 7.5Vo Oll Cost 200kn on cost 1.4 Income All inCOTne included in the Statement of Financial Activities wh•] the company is legally entitled to the incorne and the amount can be quantlfied with re&sonable accts¥a¢y. 1.5 Expenditure All expenditure Is accounted for OD an accruals basis and has becn iDcludeAI under expense c*egories. Support costs are those costs incurwl directly in sllp￿rt of expendiDJre on the objects of the charity. Governance costs are those in¢urred WEth adTninistrati¢)n of the clwity and compliallce with con5ti1Utiollal and statutory requirements. Costs of rnising fund5 are costs incwred in atttacting Yolunw incom¢. alld those incurred in trading activities that rniye fvnds. Charitable activitits and Governance costs are costs incurred on the cornparty's operattotJ4 including support costs and costs relating to the governanc¢ of the company apportioned to clwitsble activities. 1.6 Stocks Stocks are valued at the lower of cost alld net realisablc value after making due allowance for obsolete and slow-￿0ving stocks. SITTINGBOURNE AND KKMSLEY LIGHT RAILWAY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Page 8 1.7 Debtors Trade and other debtors m¢asured at transaction price legs a￿V iTnpairnieni unless the arngernent consttiutes a rinancing transaction in which clse thc Iransacrion is measured & thc present value of the fuwre receipts discounted at the prevailing market rate of interest . Loans are initially Tnea5ur¢d at fair value and atr subsequently measured ai amortised cost Using the effective int¢r¢st meth￿1 less any iwpairnienL 1.8 Creditors Trade and other creditors are measured at their tra[￿¢￿0￿ wice Lude&s the arrdngemeni constituie5 a financing trdnsaction in which the transaction is measured at present value of rUn￿e payments digeounted at prevailing market rate of inlerest. Other finaTr¢ial liabilities are Initially measured at fair va]ue net of their transa¢iion costs. They are subsequently easllred at amonised cosi using the effective interest rneth￿. 1.9 Judgements and key sources of estimat￿￿ uneertxinty Accounting e5timate5 and judgements are continually evalUa￿d and ate based historical experience and other factors, including expeetstions of firture events th* are believed to be reasowtable ullder the Cir¢W￿$t￿¢c5. The followin> judgements (apart from those involving esiimates) have been made in the pr(Kess of applying the above accounting policies that have had the most significani effeci on amounts r¢cogThised in the financial statements.. Useful eronomic lives of taneible ass¢ts The annual depreciation charge for tangible assets is sensitive to Changes in the estimated useful economic lives and residual values of the as5tts. The useful economic lives and residual valu¢s are re-assessed annually. They amended when necessary to reflect current e5titnate¥ b&sed on iechnological advancemen¢ future investments, e¢onomi¢ utilisation and the physical condilioTt of th¢ assets. See noie S for th¢ carying amouni of the property plant and quiptnent and note E.3 for the useful e¢onoTnif liw¢s for each cl&8s of assc There are no key assurnptions con¢erning the future and other key sources of estimation uncertainty at the reporting date that have a signifi¢ant risk of cau5in8 a rnaterial adjustsn¢nt ￿ the canying amounts of assets and liabilitie5 within the next rinaTscial year. 1.10 Going concern The financial sthtements hay£ been pr¢pared on a going conrcrn basis as the trustees believ¢ that no material uncertainties exist. The trustees have considered the level of fvnds held and the expected level of income and expenditure for 12 months from authorisints these financial sthtements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to ¢ontinue as a going concern. Cost of sales 2021 2020 Publications and Souvenirs Refreshtn¢nts Stealn and Beer Christmas Opening 2,050 4,721 449 2,409 3J95 10.166 SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Page 9 Operating eosts 21121 2020 Commercial Department costs Retatl - Catering EqUip￿ent Retail - Staff Catering Retsil - Sundry Operating- Operdting Manage Operating- Motive Power Operating- Stations l Landscaping Marketing- Leaflefs, P05teT5 etc Marketing-Advertlsing Markrting- PR and Sut]dries 13 405 145 lJ63 4.618 1.438 173 382 308 1,957 275 544 2,539 1,133 195 8.155 Engineering Departmellt Costs Locomotive Engineer Locomotive Re51ordiion Fund5 Carriage and Wagon Engineer Coach 204 R¢storation Fund Pennanent Way Engineer BuildinJo Engineer Utilitie5 Engine¢r 4202 8a88 ,093 720 7J56 1,121 1,711 2,069 6,577 1,815 2,032 1,409 907 24,591 14,809 TOTAL 32,746 22,142 Support costs 2021 2020 Security (inc. Defibrillator Fund Raising) Editor Managing Director/CoEnpany Secretary tkpartments Insurdnce Depreciatiort Bank Charges Curator Educat￿0￿ Sundries 1.962 967 389 7,464 2,510 309 2,482 7,015 1,074 {29} 50 13.027 14.518 SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Page 10 Tangible Fixed Assets Buildings Rolling Stoek El¢¢tro￿l£ Equipment Plant and EquipmeDt Total COST At l January 2021 DEPRECJATION At l January 2021 Charge for th¢ y¢ar 6,438 14.000 6,453 9.796 36,687 At 31 December 2021 6.440 14,000 6.453 9,796 36,689 NET BOOK VALUE At31 DECEMBER 2021 J2 At 31 DECEMBER 2020 14 Stocks 2021 2020 Publications and Souvenirs Refreshments Christmas Presents 2893 365 140 3.636 272 3J98 3,908 Debtors 2021 2020 Vatue Added T& 6,992 2.479 6,992 Creditors (amounts f*liing dlle withits ojke ye*r) 21121 2020 Independent examiner's fee 1500 1,500 iJoo 1,500 sI￿INGBouRNE AND KEMSLEY LIGHT RAILWAY LIMITED NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Pagell StatemeTht of funds- tllrrent year Balance Balance at 31.Dee.21 lJall.21 IDcome Expenditure Transfe Unrestricted fuThd Gen¢ral fulld 75.108 48.106 8536 25.118 Designattd funds SOS Appeal Donations tnc Viaduct Rep8lT5 5.831 5.625 {6J06) 5.150 Locomotive + Coach Restoration Project Sittingl)ourne (DCMS Grant) Sittingboume Security Fence 19,375 7,122 (9.108) 17,389 16,196 2.050 (27.i82) (o) 8.536 1.620 1,620 43.022 15097 (42,796) 8J36 24,159 TOTAL FUNDS 49,674 90￿05 (91b.9112) 49277 Stuternent of funds- prior year B¥laDce at lJan.20 Balance at 31.DeL20 IDcome Expenditure Tra￿Sfer5 Unrestricted fund Genernl fund 24.796 15.792 33.936 6.652 Desi%Rated funds SOS Appeal Donations Knc Viaduct Repaars 1,406 29.405 (24,980) 5,831 Locomotive + Coach Restordtion Project Sittingbourne IDCMS Grallt) Sittingbourne Security Fence 19,504 6,898 (6,577) 19,375 23,850 838 (7,654) {5.160) 16,196 1.620 5.942 26.402 60.991 (44.371) 43.022 TOTAL FUNDS 51.198 76,783 (78J07) 49,674 Designated funds eal fund for viaduct and ma or Te li is Considered PTudent to make provigion primarily formainknance of Milton Regi5 Viaduct which is underthe oversightofa qualified Consulting st￿C￿ra] Engineer. An ongoing tnaintenan¢c programme for this 10(FF year old strllctyre requires investment of approximately £20,000 everv Iwo years and allocwion of funds requires tnore than one fU￿1claI period. Fullds can also be used for other major repairs as ton5idered appropriate by the Trustees. LoeotNotive and Coaeh ResiorntitiD Major overhaul of the Railway"s operational ￿eaT￿ locomoll¥es is genernlly requir￿[ every teD yeaT5 and it is therefore necessary to raise fimds and to mak¢ provision for this work oveT a long peri￿. P&ss¢Dger C(thche5 also n¢ei1 Peri￿J[c major ov¢rbaul. Unrtstrict tDtral fund rhis fund represents the charity's available assets to spettd rharitable activtiies after allowing for a suitable level of reserves. SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Page 12 10. Staff costs and trustee reJDuueration Dllring the petiod no Trustee5received any remuneratioll. benefNs in kin￿ nor had any ex￿lS¢S rel￿bu￿¢d (to 31112Q021- £nil). All stsff aTe volunteers and therefore staff costs are Nil both for 2021 alld 2020. 11. Company Limited by Guaran¢ee The Charity is limited by guarantee and accordingly has no share capitsl. The liability guaranteed by each trnstee 15 £1. At 31 De¢ember 2021 there were 6 t￿￿ees. 12. Covid-19 During ihe peritKI and subsequent to the peri(d governments Ewop4 Chin4 the UK and elsewhere have taken unprecedenied measures to suppress the spread of Covid-19. The TTUStees have a$5¢ssed the op¢rational and fioanGial impact on the Charit) in the Trusttts, Annual Rep(Trrt on pLoe l and in the going coneem staternent at note 1.10.