```
REGISTERED COMPANY NUMBER: 04001165 (England and Wales)
REGISTERED CHARITY NUMBER: 1088332
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`FOR`**
```
YORKIES DAYCARE
(A COMPANY LIMITED BY GUARANTEE)
```
```
Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
```
```
YORKIES DAYCARE
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020`**
||**`Page`**||
|---|---|---|
|**`Reference and Administrative Details`**|`1`||
|**`Report of the Trustees`**|`2 to`|`4`|
|**`Independent Examiner's Report`**|`5`||
|**`Statement of Financial Activities`**|`6`||
|**`Statement of Financial Position`**|`7 to`|`8`|
|**`Notes to the Financial Statements`**|`9 to`|`13`|
|**`Detailed Statement of Financial Activities`**|`14`||
```
YORKIES DAYCARE
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`TRUSTEES`**
```
TRUSTEESD Szanto
L Mitchell
D Frainer
COMPANY SECRETARYL Mitchell
REGISTERED OFFICEYork Road Nursery
York Road
Hitchin
Hertfordshire
SG5 1XA
REGISTERED COMPANY NUMBER 04001165 (England and Wales)
REGISTERED CHARITY NUMBER 1088332
INDEPENDENT EXAMINERWags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
```
```
Page 1
```
```
YORKIES DAYCARE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020`**
```
The trusteeswho are also directorsof the charityfor the purposesof the CompaniesAct 2006,presenttheir report with
thefinancialstatementsofthecharityfortheyearended31stAugust2020.Thetrusteeshaveadoptedthe provisions
ofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
In this financialyear we have providedfree wraparoundcare for a total of tenchildren,and we continueto offer places
andsessionsfreeofchargewhentheneedarisesorinemergenciessuchasparentsorcarersrequiring childcare
arrangementstoattendhospitalappointments.Wealsoofferrespitewherecloseorimmediatefamilymembers are
chronicallyor gravelyill. We alsoofferchildcarewherea parentor carerneeds to attendfunerals.Manyof our parents
have no familyin the area, we have also providedextra sessionsfor parentswhen a new baby has arrived.Four of these
childrenwereofferedfreeplacesduetofinancialdifficultiesineitherpayingforchildcareornotbeingableto access
childcaredue tostartingnewjobsormovingintoemploymentafterbeingunemployed.Twochildrenwereoffered full
timespacesduetoa familybreakdowncomplicatedby a parent'spoormentalhealth.Onechildwasgivena 30 hour
entitlement when HMRC made a mistake in calculating benefits and resumed a paid for place when this was sorted out.
```
```
Five childrenwere given a varietyof free sessionsso parentsand siblingscould attendhospitalappointments.One child
receivedbreakfastandeveningmealswithustoalleviatefoodpovertyinthefamily,thiscontinuedtobethe case
throughthesummerholidayswhenwe wereabletoreopenafterCovidrestrictions.Anothervulnerablefamilywith a
non-verbalchildweregivenextrafreesessionstoenabletheworkdoneatNurseryinimprovingthe child's
communicationto continuefora longerperiodof time.Twootherchildrenweregivenfreespacewhentheir mothers
werehospitalisedaftergivingbirthwithnoimmediatefamilyaroundtohelp.Wecontinuetoreinforceourlinks with
theschoolandcurrentlyhavetwomembersofstaffonthe'ProtectingVulnerableGroups'committeeinorder that
referralsrequiredto supportvulnerablefamiliescomethroughin a moretimelymannerand so thatwe are on hand to
beabletoofferspacewhenandwhereitisneeded.ThenewlyopenedPreSchoolwhichtakesfundedfamilies is
working with us to benchmark help where it may be required when the child moves to Nursery.
```
```
WecontinuetoencourageParentsofbothYorkiesandtheschooltospeaktousiftheyhavechangingor challenging
circumstances,for exampleparentalillness,and the effectsof redundancyand furloughon our families.We expect our
charityspacestobemoreindemandasthefurloughschemeends,andfeelwellplacedtohelpourfamiliesin the
comingyear.Presentcircumstancessurroundingthe pandemichave increasedthe need for charitablespacesand when
we have been allowed to open we have managed to prioritise the families that need us the most.
```
```
Page 2
```
```
YORKIES DAYCARE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Public benefit`**
```
Thetrusteeshavecompliedwiththedutyinsection4oftheCharitiesAct2011andhaveregardtothepublic benefit
guidance as issued by the Charity Commission as shown in the objectives above.
```
```
We havereferredto the guidanceon publicbenefitwhen reviewingour aimsand objectivesand in planningour future
activitiesin particular,the Trusteesconsiderhowplannedactivitieswill contributeto the aimsand objectivesthat they
have set.
```
```
This public benefitstatementformsthe basis for all judgementsregardingoperationalreportsto the Boardmeetings, in
ordertobe reassuredthatthefacilitiesandservicescurrentlymanagedbythecharitycontinuetomeetthese criteria.
At thesemeeting,theFinancialControlleralsopresentsthequarterlyfinancialpositionincludingtakingaccountof any
restricted funds and the Charity's status as a going concern.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
YorkiesareprovidingremunerationtowardsrepairsandrenewalsatYorkRoadNurserySchoolastheschool has
sufferedfromEducationBudgetcutsandthefabricofthebuildingwasoldandinneedofrepair,theareas we
contributedto includeda new floor in one of the classrooms,the extensionof an under coverarea so we can be outside
inallweathers,therenovationoftheclassroomsthatYorkiesusetoincorporatebetterstorageforartareas,and the
renovationof the role play 'homearea'to includechild sized furniture.Yorkiesalso contributedto the relocationof the
libraryanda 'quietarea'forchildrentoenjoythebooksfromourlibrary.Wearestillmakingprovisiontosupport the
school and to replace equipment that is old or damaged.
```
```
We aimtocontinuetoshareourequipmentand expertisewiththelocalcommunity,boththroughtheNursery School
and community activities through the Family Centre . These include 'stay and play' sessions.
```
```
Thetrusteeshavecompliedwiththeirdutyin havingdue regardtotheguidanceon publicbenefit,as publishedby the
Charity Commission, in exercising their powers and duties.
```
## **`Developmental achievements`**
```
Inadditiontofinancialachievements,developmentalachievementbythechildrenthatattendedYorkiesinthis year
showed outstanding progress for all children in the Early Years Foundation Stage.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Thisyeartotalincomingresourcesamountedto£212,100(2019-£241,987),whilsttotalexpenditureamounted to
£222,012(2019- £253,940).Thisresultedin netexpenditurefortheyearof£9,912comparedtoa netexpenditure of
£11,953 in 2019.
```
```
The trustees are grateful to all those who have contributed in any way to achievement of these results.
```
```
Page 3
```
```
YORKIES DAYCARE
```
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
TheMemorandumofAssociationhasestablishedthatwherethefinancialbalances(sumofunrestrictedfunding and
restrictedsalaryfunds) fall belowa valueequivalentto two monthswage costsagainstknownprojectedincome figures
acommitteemeetingwillbeconvened,withH.C.CEarlyChildhoodUnitinvitedtoattend.Thetrusteeswill consider
how funds can be replaced.Currentlythe financialbalancesare £89,380(2019- £99,292)whichis abovethe valueof 6
(2019 - 7) months' wages costs against known projected income figures.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
## **`Recruitment and appointment of new trustees`**
```
Newtrusteesarenominatedbymembersoftheboardoftrustees,interviewedbyapaneloftrusteesand appointed
where they have the necessary skills to contribute to the charity's management and development.
```
```
Thisreporthasbeenpreparedin accordancewiththespecialprovisionsofPart15oftheCompaniesAct2006 relating
to small companies.
```
```
Approved by order of the board of trustees on 16th April 2021 and signed on its behalf by:
```
```
D Frainer - Trustee
```
```
Page 4
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
YORKIES DAYCARE
```
## **`Independent examiner's report to the trustees of Yorkies Daycare ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31st August 2020.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Havingsatisfiedmyselfthatthe accountsof the Companyare not requiredto be auditedunderPart16 of the 2006 Act
and are eligiblefor independentexamination,I reportin respectof my examinationof your charity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
S L Cuzner ACA FCCA
Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
```
```
5th May 2021
```
```
Page 5
```
```
YORKIES DAYCARE
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST AUGUST 2020`**
|**`2020`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`-`**
`Other trading activities`
`3`
**`211,575`**
`Investment income`
`4`
**`525`**
**`Total`**
**`212,100`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Administrative expenses`
**`222,012`**
**`NET INCOME/(EXPENDITURE)`**
**`(9,912)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`99,292`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`89,380`**|`2019`
`Total`
`funds`
`£`
`46`
`241,430`
`511`
`241,987`
`253,940`
`(11,953)`
`111,245`
`99,292`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 6
```
```
YORKIES DAYCARE (REGISTERED NUMBER: 04001165)
```
## **`STATEMENT OF FINANCIAL POSITION 31ST AUGUST 2020`**
|**`2020`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`CURRENT ASSETS`**
`Debtors`
`10`
**`39,886`**
`Cash at bank and in hand`
**`83,853`**
**`123,739`**
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`(34,359)`**
**`NET CURRENT ASSETS`**
**`89,380`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`89,380`**
**`NET ASSETS`**
**`89,380`**
**`FUNDS`**
`Unrestricted funds`
**`89,380`**
**`TOTAL FUNDS`**
**`89,380`**|`2019`
`Total`
`funds`
`£`
`12,577`
`130,381`
`142,958`
`(43,666)`
`99,292`
`99,292`
`99,292`
`99,292`
`99,292`|
|---|---|
```
The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006forthe year
ended 31st August 2020.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31st August 2020 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
Page 7
```
```
YORKIES DAYCARE (REGISTERED NUMBER: 04001165)
```
## **`STATEMENT OF FINANCIAL POSITION - continued 31ST AUGUST 2020`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 16thApril 2021and were
signed on its behalf by:
```
```
D Frainer - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
YORKIES DAYCARE
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`1. STATUTORY INFORMATION`**
```
YorkiesDaycareisacharityandcompanylimitedbyguarantee,bothregisteredinEnglandandWales. The
charityandcompanyregistrationnumbers,alongwiththeregisteredofficeaddress,canbefoundwithin the
reference and administrative details on page one.
```
## **`2. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedin accordancewiththe CharitiesSORP(FRS102)'Accountingand Reportingby Charities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein theUKandRepublicofIreland(FRS102)(effective1 January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicablein theUKandRepublicofIreland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
```
## **`Going concern`**
```
The financial statements have been prepared on a going concern basis.
```
## **`Critical accounting estimates and judgements`**
```
Nosignificantjudgementsorestimateshavehadtobemadebythetrusteesinpreparingthese financial
statements.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charityto that expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasis and
hasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedto particularheadingsthey have been allocatedto activitieson a basis consistentwith the use
of resources.
```
```
Grantsofferedsubjectto conditionswhichhavenot been metat the yearend dateare notedas a commitment
but not accrued as expenditure.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesin ordertowriteoffeachassetoveritsestimated useful
life.
```
```
Improvements to property- 25% on cost
Fixtures and fittings- 20% on cost
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
```
Page 9
```
```
YORKIES DAYCARE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`2. ACCOUNTING POLICIES - continued`**
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`3. OTHER TRADING ACTIVITIES`**
|`Childcare fees`
`Full time discount`
`Government grants`
**`INVESTMENT INCOME`**
`Interest received`|**`2020`**
**`£`**
**`190,930`**
**`-`**
**`20,645`**
**`211,575`**
**`2020`**
**`£`**
**`525`**|`2019`
`£`
`242,250`
`(820)`
`-`
`241,430`
`2019`
`£`
`511`|
|---|---|---|
## **`4. INVESTMENT INCOME`**
## **`5. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`2020`**||`2019`|
|---|---|---|---|
||**`£`**||`£`|
|`Depreciation - owned assets`||**`-`**|`710`|
```
Page 10
```
```
YORKIES DAYCARE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`6. TRUSTEES' REMUNERATION AND BENEFITS`**
```
ThetrusteesLMitchell,RBoydenandDFrainerwerepaidemolumentstotalling£16,263(2019-£37,708) for
servicesprovidedbythemtothecharity.Suchpaymentsweremadedirectlybythecharityandcarried no
further benefit or remuneration.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31stAugust2020norfortheyear ended
31st August 2019.
```
## **`7. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
## **`8.`**
|`Average monthly number of employees`
`No employees received emoluments in excess of £60,000.`
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other trading activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Administrative expenses`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**|**`2020`**
`2019`
**`17`**
`15`
`Unrestricted`
`fund`
`£`
`46`
`241,430`
`511`
`241,987`
`253,940`
`(11,953)`
`111,245`|
|---|---|
```
Page 11
```
```
YORKIES DAYCARE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`TOTAL FUNDS CARRIED FORWARD`**
**`9.`**
**`TANGIBLE FIXED ASSETS`**
`Improvements`
`to`
`property`
`£`
**`Cost`**
`At 1st September 2019 and`
`31st August 2020`
**`14,985`**
**`Depreciation`**
`At 1st September 2019 and`
`31st August 2020`
**`14,985`**
**`Net book value`**
`At 31st August 2020`
**`-`**
`At 31st August 2019`
`-`
**`10.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Prepayments and accrued income`|`Unrestricted`
`fund`
`£`
`99,292`
`Fixtures`
`and`
`fittings`
`Totals`
`£`
`£`
**`3,554`**
**`18,539`**
**`3,554`**
**`18,539`**
**`-`**
**`-`**
`-`
`-`
**`2020`**
`2019`
**`£`**
`£`
**`35,616`**
`8,349`
**`4,270`**
`4,228`
**`39,886`**
`12,577`|
|---|---|
```
Page 12
```
```
YORKIES DAYCARE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2020`**
## **`11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
|`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Accruals and deferred income`|**`2020`**
**`£`**
**`6,980`**
**`937`**
**`4,354`**
**`22,088`**
**`34,359`**|`2019`
`£`
`14,722`
`1,346`
`3,428`
`24,170`|
|||`43,666`|
## **`12. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31st August 2020.
```
```
Page 13
```
```
YORKIES DAYCARE
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2020`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Gifts`
**`Other trading activities`**
`Childcare fees`
`Full time discount`
`Government grants`
**`Investment income`**
`Interest received`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Trustees' salaries`
`Wages`
`Catering`
`Recruitment expenses`
`Rent`
`Insurance`
`Office costs`
`Administration costs`
`Activity and material costs`
`Other staff costs`
`Management fees`
`Payroll services`
`Fixtures and fittings`
`Grants to institutions`
`Total resources expended`
**`Net expenditure`**|`2020`
`£`
**`-`**
**`190,930`**
**`-`**
**`20,645`**
**`211,575`**
**`525`**
**`212,100`**
**`16,263`**
**`153,962`**
**`6,296`**
**`514`**
**`19,000`**
**`385`**
**`5,606`**
**`431`**
**`9,926`**
**`369`**
**`7,278`**
**`1,982`**
**`-`**
**`-`**
**`222,012`**
**`222,012`**
**`(9,912)`**|`2019`
`£`
`46`
`242,250`
`(820)`
`-`
`241,430`
`511`
`241,987`
`37,708`
`130,804`
`7,348`
`296`
`16,900`
`380`
`12,122`
`1,102`
`6,480`
`1,690`
`7,289`
`547`
`711`
`30,563`
`253,940`
`253,940`
`(11,953)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 14
```